AFCCOVENTRY
Well-Known Member
News incoming..,
CCFC take up 2 year extension at Ricoh (6 Viewers)
- Thread starter AFCCOVENTRY
- Start date
Captain Dart
Well-Known Member
Quelle surprise!
rupert_bear
Well-Known Member
Let's be honest no surprise there, what we need to know is how we compete financially under these ffp rules, I still don't get how a club like Bury for example with their 5/6000 on a good day gates have more to spend on players than we do getting over double their gates
Grendel
Well-Known Member
They did a bond that raised money and need to pay the investors their returns
rupert_bear
Well-Known Member
Could we do that ? Isn't the SISU business all about attracting investors ?
bawtryneal
Well-Known Member
I know a couple of people associated with Bury and they are in deep trouble. Without promotion this season they are stuffed. I posted on this subject about four months ago.
rupert_bear
Well-Known Member
There simply isn't a suitable location that I can think of within the city boundary, the Courtaulds site could have been a possibility but that is being re-developed now. Still think buying into the Wasp controlled Ricoh is the only option, excuse me while I spit, but think we need different owners for that to happen. It would bring in revenue.
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Grendel
Well-Known Member
Personally I would not advise it
http://www.theboltonnews.co.uk/news/11496724.Bury_FC_car_park_spaces_to_rent_at___10_000_each/
Captain Dart
Well-Known Member
Just common sense. Glad that my moan about SISU taking negotiations to the last minute has proved unfounded, a degree of security is needed not only for the business but for the players, it is best they have no off pitch worries and can concentrate on performance levels.
rupert_bear
Well-Known Member
Probably agree, just watching Dragons den tells us all what investors are like
Captain Dart
Well-Known Member
The_Coventry
Member
Did anyone genuinely expect us to be anywhere else?
rupert_bear
Well-Known Member
Depends how deep the pockets are of those wanting to buy
Grendel
Well-Known Member
The ACL business has a bad a credit rating as sisu and a colossal debt. A half share is worth nothing.
Speedies_Chips
Well-Known Member
I'd like to know what the take up on this was. Not great if the poll at the bottom is anything to go by.
Nick
Administrator
Would have thought we would want the club to get a half share as close to what was paid as possible? Would we really want to buy 50% for 5 - 10 x what they paid?
oldskyblue58
CCFC Finance Director
Hardly surprising. Where else were they going to take 12000+ Sky Blue fans. There isn't anywhere else that those fans would go to for now is there?
So the terms are exactly the same. The second two years was at ACL's option not the club's according to the Wasp's prospectus. Again no real surprise.
So we would like to stay.
Ok
We would like the same terms
Ok
Just to be clear the income from events etc is not Compass's. If it was then that turnover would never appear in the Wasps Group Accounts. It is taken in through IEC Ltd and Compass take costs out of that for supplying staff and management.
I do wish the two local newspapers would quit the oneupmanship, the self justification, the look see how good we are, the cherry picking of comments to suit an argument ................... and just report clearly simply accurately and correctly.
So the terms are exactly the same. The second two years was at ACL's option not the club's according to the Wasp's prospectus. Again no real surprise.
So we would like to stay.
Ok
We would like the same terms
Ok
Just to be clear the income from events etc is not Compass's. If it was then that turnover would never appear in the Wasps Group Accounts. It is taken in through IEC Ltd and Compass take costs out of that for supplying staff and management.
I do wish the two local newspapers would quit the oneupmanship, the self justification, the look see how good we are, the cherry picking of comments to suit an argument ................... and just report clearly simply accurately and correctly.
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Liquid Gold
Well-Known Member
It was always the most likely thing to happen. Hopefully this is the last short term deal we have and we use these 2 years to either make concrete steps towards a new stadium or becoming a partner in ACL
AFCCOVENTRY
Well-Known Member
Excellent...gives the club another 2 years to 'try' and find some land ... Cough cough...
Tim Fisher said he wanted a 60 acre site, he then said two 30 acre sites would be possible. Even 30 acres is a big piece of land (to give you some perspective, I believe Highfield Road was about 5.5 acres).
If the club really does want to build a stadium and is prepared to settle for a Highfield Road sized site there may be some options. For example, I believe the current Carbodies site on Holyhead Road will soon become vacant - this is larger than Highfield Road and it might be possible to increase the size further (up to about 10 acres) if the allotments to the north west of the site are included. The Carbodies site is close to the city centre and is also adjacent to the same railway line that goes to the Ricoh Arena (reinstating Coundon Road station may be possible).
Otis
Well-Known Member
I had already thought along those lines... I thought we can do without Hearsall Golf Club and Beechwood Tennis Club...
thegameaintstraight
New Member
2 more years at the Ricoh on the same terms is a surely a good deal for CCFC.
But, there will be no new ground for 10 years if at all. Where do we go in 2years time?
Our esteemed owners really need to get down to some proper long term planning with wasps.
Some, any, open and honest communication from SISU would be good.
But, there will be no new ground for 10 years if at all. Where do we go in 2years time?
Our esteemed owners really need to get down to some proper long term planning with wasps.
Some, any, open and honest communication from SISU would be good.
bawtryneal
Well-Known Member
I am surprised Wasps have agreed to two years. The real "earner" for Wasos will be the new naming rights ( or renegotiation with Ricoh) to the ground. I believe the Ricoh deal finishes next year. Whoever negotiates with Wasps will want CCFC there as a tenant. I believe SISU will use this as leverage.
Nick
Administrator
SOunds like ccfc wanted 2 years
bawtryneal
Well-Known Member
I am sure they did. My point is I am surprised Wasps agreed. Mind you, hasn't been officially announced yet.
Captain Dart
Well-Known Member
And a chance to renegotiate from a position of more strength when in the Championship which one hopes is sooner rather than later.
Doubt they had a choice, why would they not just go with it for now, casting doubt on potential long term relationship with CCFC will do their ground sponsorship negotiations no end of harm.
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As far as I understand the naming rights have already expired and it was this that was holding up the negotiations .... So it will be interesting to see what happens with the naming now.
bawtryneal
Well-Known Member
I was told it expired on March 31st 2016. Will be interesting to see the outcome of the negotiations.
Otis
Well-Known Member
2 years does seem rather short sighted, for as you say, any new stadium would be years away, but hopefully this is just a grounding, a start to further negotiations in earnest.