Statements that never came to fruition (4 Viewers)
- Thread starter dongonzalos
- Start date
stupot07
Well-Known Member
I don't think anyone's disputed he said the debt free line, more that he was embellishing the truth.
I can honestly say, I don't remember hin ever saying the "£20m" quote though.
I
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dongonzalos
Well-Known Member
Link?
hill83
Well-Known Member
dongonzalos
Well-Known Member
http://www.independent.co.uk/sport/...r-owners-lose-court-case-to-city-9573405.html
Coventry City dealt blow in hunt to return to Ricoh Arena after owners lose court case to City Council
Sky Blues have been playing at Northampton's Sixfields last
Coventry City's Ricoh Arena AP
Coventry's hopes of returning to the Ricoh Arena have been dashed after owners Sisu lost a court battle with Coventry City Council.
The findings of a judicial review took place on Monday morning and it saw the council successfully defend itself against claims its £14.4million loan to Arena Coventry Limited (ACL), the owners of the Sky Blues' former home the Ricoh Arena, was an 'unlawful subsidy'.
A statement released on the club's website after the hearing described the ruling as"unfortunate" and explained how they believe building a new stadium is now the "only viable commercial option" with any prospect of a move back to their home of eight years seemingly in tatters.
"Coventry City Football Club and its owners' primary objective remains building a long-term future," it read. "The judgement by Hickinbottom J, that the Council's (CCC) decision to provide a £14.4 million loan to private stadium management company Arena Coventry Limited (ACL) was not an unlawful subsidy, is unfortunate.
"The football club and its owners believe that the loan, which exceeded the value of the stadium by almost 200%, was neither lawful nor in the interests of the supporters, taxpayers, stadium operators or the Club.
"ACL will now remain burdened with debt for the next 43 years, removing any prospect of a long term return to the stadium by the Club. With this level of debt there is no realistic prospect of any sports franchise or ACL being able to generate sufficient revenue to be commercially viable.
"We will apply for leave to appeal this decision. Now, more than ever, the new stadium is the only viable commercial option. The owner's primary objective remains building a long term sound financial platform for the future growth of the Club."
A row with ACL over rent meant the League One side played their home games over 35 miles away at Northampton's Sixfields last season in front of meagre crowds.
(Wasps move in, we return and attempt to negotiate a long term deal)
Coventry City dealt blow in hunt to return to Ricoh Arena after owners lose court case to City Council
Sky Blues have been playing at Northampton's Sixfields last
Coventry City's Ricoh Arena AP
Coventry's hopes of returning to the Ricoh Arena have been dashed after owners Sisu lost a court battle with Coventry City Council.
The findings of a judicial review took place on Monday morning and it saw the council successfully defend itself against claims its £14.4million loan to Arena Coventry Limited (ACL), the owners of the Sky Blues' former home the Ricoh Arena, was an 'unlawful subsidy'.
A statement released on the club's website after the hearing described the ruling as"unfortunate" and explained how they believe building a new stadium is now the "only viable commercial option" with any prospect of a move back to their home of eight years seemingly in tatters.
"Coventry City Football Club and its owners' primary objective remains building a long-term future," it read. "The judgement by Hickinbottom J, that the Council's (CCC) decision to provide a £14.4 million loan to private stadium management company Arena Coventry Limited (ACL) was not an unlawful subsidy, is unfortunate.
"The football club and its owners believe that the loan, which exceeded the value of the stadium by almost 200%, was neither lawful nor in the interests of the supporters, taxpayers, stadium operators or the Club.
"ACL will now remain burdened with debt for the next 43 years, removing any prospect of a long term return to the stadium by the Club. With this level of debt there is no realistic prospect of any sports franchise or ACL being able to generate sufficient revenue to be commercially viable.
"We will apply for leave to appeal this decision. Now, more than ever, the new stadium is the only viable commercial option. The owner's primary objective remains building a long term sound financial platform for the future growth of the Club."
A row with ACL over rent meant the League One side played their home games over 35 miles away at Northampton's Sixfields last season in front of meagre crowds.
(Wasps move in, we return and attempt to negotiate a long term deal)
skybluesam66
Well-Known Member
stupot07
Well-Known Member
Thanks, probably didn't last 2 years, covering £7-8m pa losses treading water plus the odd signing. Leicesters owner spent something in the region of £125m in 3 years trying to get out of the championship.
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Sky Blue Kid
Well-Known Member
Sky Blue Kid
Well-Known Member
Nick
Administrator
shmmeee
Well-Known Member
Was that at the urinal
No, this was later after he'd shown me his massive cock.
I take that back, that's a horrible name for Chris Coleman.
Astute
Well-Known Member
Reminds me of many years ago when I was living in Spon End. Told my partner I was going to the petrol station for milk. Met a mate there I hadn't seen for a few years. Got chatting. Said who he was going to see. Someone else I hadn't seen for years. Got in car. Went to his house. He got in. Got engrossed in the catchup.
Next thing I knew we were on the motorway. Wouldn't tell me where we were going. Didn't care too much. When we arrived I found a phone box outside a nightclub. Phoned her up. "Where are you" I replied "Brighton" Can't say what her reply was.
Got home 3 days later. First thing out of her mouth was "so where is the milk" :smuggrin:
Joy Division
Well-Known Member
“Joy is now hands-on. I speak to her every single day and, by the way, she comes to games and, by the way, she stood in front of the players and told them very clearly what it is she expects, and what the fans expect.”
“We presented a three-year plan to Sisu and in three years’ time, I fully expect the club to have fulfilled the plan."
“The moment we got relegated, we did a lot of work. We looked at developing our ideas and looked at developing the funding requirements. That funding requirement is not just for this year but for the next three years. We need some longevity at the club and the plan delivers that."
Tim Fisher September 2012
http://www.ccfc.co.uk/news/article/fisher-confirms-onye-igwe-departure-367241.aspx
Hi Tim.
“We presented a three-year plan to Sisu and in three years’ time, I fully expect the club to have fulfilled the plan."
“The moment we got relegated, we did a lot of work. We looked at developing our ideas and looked at developing the funding requirements. That funding requirement is not just for this year but for the next three years. We need some longevity at the club and the plan delivers that."
Tim Fisher September 2012
http://www.ccfc.co.uk/news/article/fisher-confirms-onye-igwe-departure-367241.aspx
Hi Tim.
COVKIDSNEVERQUIT
Well-Known Member
Tim Fisher, the Ship has sailed. FISHER YOU'RE FIRED."My key role is to convince the owner to finance this asset," says Fisher, who is a banker specialising in financially "distressed" companies. "Coventry City is a fallen angel, a Premiership brand now in the third tier. The club has an incredibly loyal fan base and I am confident in telling the owners that if they continue to fund it, it will bounce back to the Championship."
https://www.theguardian.com/footbal...ort-blog/2012/apr/26/coventry-city-relegation
dongonzalos
Well-Known Member
Never realised the timing was that close
Strange thing to do he did not need to release that statement at all. The club were already coming back.