SW-Sky Blues
Member
I listen to him every day. Yes he might like the sound of his own voice but I wouldn't put him down as a liar.
Mike Ashley Takeover …Ready and Waiting (11 Viewers)
- Thread starter Flying Fokker
- Start date
oldskyblue58
CCFC Finance Director
Because in the scheme of things ccfc is only a smallish part of income. He isn't going to rely on it
If no interest to pay, no duplication of over heads, increased turnover, lower depreciation charges it can turn a profit
But for him to profit he doesnt just have to profit from income. The capital profit comes in to it too
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So how many in the last ten years who’ve been promoted then? One? Two?
Luton are sadly (for them, but also from a competitive POV) as likely to be relegated in the next five years as they are to get promoted. As a general rule, parachute payments tend to count for the majority of promotion spots.
The idea that the playing field in the Championship has never been more level doesn’t really make sense - sorry.
Broken Hearted Sky Blue
Well-Known Member
Broken Hearted Sky Blue
Well-Known Member
Also Swansea, Cardiff, Portsmouth, detby
Broken Hearted Sky Blue
Well-Known Member
Grendel
Well-Known Member
The notion here is the club gets some finances to support a promotion bid which would yield greater riches if that’s achieved and again many teams in and around the top 6 are looking very equal in terms of finances
the argument also reverses with examples of teams not getting promoted falling through the trap door again who have parachute money
Great_Expectations
Well-Known Member
Like I said yesterday, not being able to use my phone for essentially the last week couldn’t have come at a worse time.
Finally caught up with the relevant threads and a few messages. What a rollercoaster!
Ideal world I personally wouldn’t want MA, but he’s here now, so welcome.
And Office joke (/proof I’m part of the SBT clique) aside, even more so than welcome, we now need him to get hold of the club and quickly really. The worry is we’ll be caught in the middle of a game of hardball and lose our best players in Jan along with another realistic chance of challenging for promotion.
SISU have zero money, I thought they were being coy as part of the stadium takeover attempt, but if we hadn’t have played the last few games at the CBS, there’s a strong chance we’d have ended up in admin - that’s how skint they apparently are.
I mentioned before there were 7/8 bidders, which we now know to be true. And that SISU we’re looking for a partner to jointly bid with (similar to some of Saddlebrains info), which sort of happened with DK. But also didn’t - they weren’t one of the initial 7 which I initially believed they were.
I think the opposite to some on here; MA definitely wants the club. I think we’ll see signs soon, perhaps subtle. Why wouldn’t he - we get promoted and he instantly makes a profit and with a premier league team plus stadium he’s in a good position. Appreciate it isn’t as binary as that, but high level you get the point.
I am also concerned that MA will want his own “football people” around him. Any overlap between GH and MR from previous regimes?
Conversely if anything about DK is true, and he invests to keep our key players and adds just a few more, then he/SISU end up with a Premier League team to sell (to MA or otherwise) - so they have something still to play for here.
Interesting few weeks ahead. I really don’t want the last few weeks of positivity and the return of that feel good vibe to disappear so quickly.
Finally caught up with the relevant threads and a few messages. What a rollercoaster!
Ideal world I personally wouldn’t want MA, but he’s here now, so welcome.
And Office joke (/proof I’m part of the SBT clique) aside, even more so than welcome, we now need him to get hold of the club and quickly really. The worry is we’ll be caught in the middle of a game of hardball and lose our best players in Jan along with another realistic chance of challenging for promotion.
SISU have zero money, I thought they were being coy as part of the stadium takeover attempt, but if we hadn’t have played the last few games at the CBS, there’s a strong chance we’d have ended up in admin - that’s how skint they apparently are.
I mentioned before there were 7/8 bidders, which we now know to be true. And that SISU we’re looking for a partner to jointly bid with (similar to some of Saddlebrains info), which sort of happened with DK. But also didn’t - they weren’t one of the initial 7 which I initially believed they were.
I think the opposite to some on here; MA definitely wants the club. I think we’ll see signs soon, perhaps subtle. Why wouldn’t he - we get promoted and he instantly makes a profit and with a premier league team plus stadium he’s in a good position. Appreciate it isn’t as binary as that, but high level you get the point.
I am also concerned that MA will want his own “football people” around him. Any overlap between GH and MR from previous regimes?
Conversely if anything about DK is true, and he invests to keep our key players and adds just a few more, then he/SISU end up with a Premier League team to sell (to MA or otherwise) - so they have something still to play for here.
Interesting few weeks ahead. I really don’t want the last few weeks of positivity and the return of that feel good vibe to disappear so quickly.
blunted
Well-Known Member
I read somewhere that Mike Ashley wants to move his operations to Coventry. There is land between the CBS and the M6 that the council could allow him to use, subject to purchase from current owners. One of the best locations to access the UK's motorway network. As the NEC bid, they obviously feel the CBS is underused for their type of operations, and thought they could release the arena's potential. Sure Mike Ashley feels the same. Operating in a recession is tough, so it will be interesting to see what transpires.
shepardo01
Well-Known Member
You mention a new co OSB....
What is a "propco"? When I heard about MASH holdings, a "propco" (succeeded by a number which I don't recall) was also mentioned....
Hobo
Well-Known Member
I didn't say anybody couldn't blame them for things that have happened?
He’s definitely interested in CCFC. I‘d bet something develops by Christmas time.
Hobo
Well-Known Member
Doesn't it depend on the terms within the lease? You can't just do what you like.
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shmmeee
Well-Known Member
Propco is just a company set up to hold property assets
shepardo01
Well-Known Member
Would that have any relevance/interest in this deal shmmeee?
Ashley was wrong for the Toon but would be right for us. He’s very rich (worth 2-3 billion) but in a Premier League dominated by even richer people his pockets aren’t deep enough for a very big club. He is rich enough however to gradually turn Cov into a really well run club with a clever strategy to develop talent and not be forced to sell it.
Does King have the money to do the above? No, he’d be another accountant in the end.
Ashley probably just wants a bit of fun without throwing money down the drain. We fit the bill perfectly. We might just be the perfect match for him
Does King have the money to do the above? No, he’d be another accountant in the end.
Ashley probably just wants a bit of fun without throwing money down the drain. We fit the bill perfectly. We might just be the perfect match for him
oldskyblue58
CCFC Finance Director
Usually it's a company that only purpose is to hold the freehold or leasehold property of a group.
They are often used by property developers for a specific project eg to build a housing estate.
shepardo01
Well-Known Member
So what would the relevance of a propco be in this particular deal?
fernandopartridge
Well-Known Member
ACL (2006) is / was a propco as its purpose was to hold the head lease
shmmeee
Well-Known Member
Dont think so, I don’t know much other than what I picked up in an old job, has tax and other implications so maybe
shmmeee
Well-Known Member
mark82
Super Moderator
The same logic doesn't seem to be applied to Mike Ashley by those wanting him to buy the club. If he wanted it he had the chance.
pusbccfc
Well-Known Member
A lot looking very too deep into this. It's likely just an addition to the Fraser's huge portfolio.
I've mentioned a few times on here that the stadium complex is very unique. Location is as central you can get in the UK. It has a train station/line which should/could be developed into having regular services to Coventry that take minutes.
It's a 32,000 sports stadium with capacity for 40,000 at gigs. Although there's one or two at Villa, the CBS is THE stadium for international summer stadium tours in the Midlands. It's hosting the two biggest summer gigs next summer. It could, in theory host a lot more.
There's an exhibition hall which is fairly busy but with huge potential for other events. Casino and office space etc. No other stadium in the country has all this within one package.
Run properly, that stadium should have hosted the women's Euros, Rugby World Cup in 2015 and even as part of the 2028 Euro bid. Unfortunately, it's never been run well. We did well and got lucky with the Olympics which were an iconic moment for Coventry and similarly with the Commonwealth. Both brought people to the city.
It will eventually become the Sports Direct or Fraser's Arena. It cost Ricoh £10m for a sponsorship deal in 2005. Fraser's can name it after one of many high street names and have it mentioned across the country every week on TV, on posters for European gig posters etc.
It's a nice addition to their portfolio.
Generally, I'm not surprised Ashley is all over Coventry and the local area. The city has progressed in the last decade but I still believe it's failed to capitalise on its universities. You have two top 20 (ish) universities in the city. Most graduates move to London or Manchester. More businesses should be looking at the potential to attract these clever kids into staying in Coventry.
I've mentioned a few times on here that the stadium complex is very unique. Location is as central you can get in the UK. It has a train station/line which should/could be developed into having regular services to Coventry that take minutes.
It's a 32,000 sports stadium with capacity for 40,000 at gigs. Although there's one or two at Villa, the CBS is THE stadium for international summer stadium tours in the Midlands. It's hosting the two biggest summer gigs next summer. It could, in theory host a lot more.
There's an exhibition hall which is fairly busy but with huge potential for other events. Casino and office space etc. No other stadium in the country has all this within one package.
Run properly, that stadium should have hosted the women's Euros, Rugby World Cup in 2015 and even as part of the 2028 Euro bid. Unfortunately, it's never been run well. We did well and got lucky with the Olympics which were an iconic moment for Coventry and similarly with the Commonwealth. Both brought people to the city.
It will eventually become the Sports Direct or Fraser's Arena. It cost Ricoh £10m for a sponsorship deal in 2005. Fraser's can name it after one of many high street names and have it mentioned across the country every week on TV, on posters for European gig posters etc.
It's a nice addition to their portfolio.
Generally, I'm not surprised Ashley is all over Coventry and the local area. The city has progressed in the last decade but I still believe it's failed to capitalise on its universities. You have two top 20 (ish) universities in the city. Most graduates move to London or Manchester. More businesses should be looking at the potential to attract these clever kids into staying in Coventry.
Flying Fokker
Well-Known Member
Now that Doug and his puppet master are here it will be interesting to know how much they’ll sell for? Also, come the transfer window we will get a feel for whether Doug has the money to invest.
GIMOC
Well-Known Member
You did. You said they couldn’t influence what happened. Of course they did. They contributed significantly to our downfall from 2012-2017. As I said, luckily we got away with it against Notts county. Otherwise don’t think we’d even be a club now
Covkid1968#
Well-Known Member
This is the sort of positive stuff people from the City of Coventry should be saying. Instead we are incredibly negative about our City… despite having so much going for us.
Brighton Sky Blue
Well-Known Member
If he interferes with recruitment we’ll know. Equally if he puts a few quid in towards the squad we’ll probably know that too. Either way won’t take long to work out what’s going on.
pusbccfc
Well-Known Member
Absolutely. The people need to be more positive. When you travel around the country you realise our city is a good one. Great people too.
Not really the Mike Ashley model though is it? He’s already been here before with Newcastle - just replace “promotion” with “Champions League”.
Brighton Sky Blue
Well-Known Member
Of course, but I was led to believe that Ashley’s a billionaire.
Are you suggesting that Ashley is desperate to achieve success at a football club - any football club! - by way of investing in the team and taking them to the next level but simply bit off more than he could chew at Newcastle?