cloughie
Well-Known Member
Even if I was wealthy i wouldn't be stupid enough to bail out sisu they have got plenty of their own money
Free Radio report a Statutory Demand issued to CCFC (11 Viewers)
- Thread starter covmartin
- Start date
Even if I was wealthy i wouldn't be stupid enough to bail out sisu they have got plenty of their own money
AFCCOVENTRY
Well-Known Member
Just to point out that it is very rare a straight up winding order will be served.... there are ways to delay it
oldskyblue58
CCFC Finance Director
Just to point out that it is very rare a straight up winding order will be served.... there are ways to delay it
yes but usually that revolves around proof of debt.......... ACL got judgement (proof of debt ) back in August..... there will be delays but it is going to be hard for SISU to delay it in court
sw88
Chief Commentator!
Here's Hoffman....................
Funny how they've gone off the scene since the transfer window closed........
Jim
Well-Known Member
Thing is that CCFC are renting the Stadium is a facility an are paying on the basis of the quality of that facility. The Ricoh is a premiership standard stadium and at 32,500 capacity far outstrips league one grounds in terms of size and quality. That is why we pay more.
Fishers and SISUs argument is massively flawed in this way.
Would we expect to pay a smaller electricity bill just because we're in league one? No. And it is exactly the same with the ground.
SISU should have accepted the very generous 50% rent reduction offered or should have found another smaller ground.
Just chucking this in,wasn't it rumoured a while back that Ray Ranson was coming back and wanted MR as manager.
coundonskyblue
New Member
I hope the Statutory Demand was on ACL headed paper.
torchomatic
Well-Known Member
Well, this is down to Richardson full stop. We had our own ground once. Highfield Road. We could still be there if not for BR. SISU weren't here when the rent with ACL was negotiated.
torchomatic
Well-Known Member
Makes me wonder what ACL will do with the big green bit in the middle.
The CableGuy
Well-Known Member
My niece works for ACL. Why the fook should her job be threatened by a Hedge company that doesn't give a shit about Coventry, its tax-paying citizens or its football club?
Imagine if you or I didn't pay Council tax for 9 months. The only surprising thing about today's news is that is didn't come sooner.
All SISU they care about is the Arena. They don't care if ACL, the Arena (a fantastic facility for the City of Coventry) or even a local charity suffer. Its just collateral damage to them. Fortunately for them, SISU have the twats at BBC CWR to help make ACL 'the bad guys' in the eyes of the Coventry public.
Imagine if you or I didn't pay Council tax for 9 months. The only surprising thing about today's news is that is didn't come sooner.
All SISU they care about is the Arena. They don't care if ACL, the Arena (a fantastic facility for the City of Coventry) or even a local charity suffer. Its just collateral damage to them. Fortunately for them, SISU have the twats at BBC CWR to help make ACL 'the bad guys' in the eyes of the Coventry public.
torchomatic
Well-Known Member
torchomatic
Well-Known Member
I presume the rent level was already in place when they took over. Maybe they should have tried to renegotiate at that time. They probably thought the people of Coventry would turn out and support their team in numbers.
torchomatic
Well-Known Member
I think it's very easy to make all this SISUs fault. There's no doubt they are at fault, but I also think it's stupid of ACL not to try and give the club a more realistic rent. I/'m sure it will get sorted, it's just a shame that it's all being played out in public.
oldskyblue58
CCFC Finance Director
torch take a look at PWKH's post ,............ ACL did offer alternative lower rents and SISU dismissed them out of hand
The CableGuy
Well-Known Member
So, what have ACL (and Alan Higgs Trust) done wrong then?
All of this is on SISU and previous boards of CCFC.
torchomatic
Well-Known Member
georgehudson
Well-Known Member
are there any persons who are like-minded with sisu who are willing to put in their opinion ?
oldskyblue58
CCFC Finance Director
got a feeling that any rent would be too much ......... it isnt about the rent at all
torchomatic
Well-Known Member
Well, the lion's share of blame is at the door of Richardson. We should never have left HR. We had the money for the stadium, we could and should have owned it. What went wrong. What happened to all the cash? SISUs stupidity was buying us in the first place, they didn't realise that the football business was different to others they'd been involved in.
cloughie
Well-Known Member
They have plenty of money or they are bullshiters
Why would they want to try to buy 50% of ACL if skint
Hey but poor poor sisu can't pay half the rent
THEN FOOK OFF SISU or pay up
ALL bluff and bluster
georgehudson
Well-Known Member
it's well overdue for 'hands on joy' to say something,
it's also well overdue for some investigative journalist,
the clubs response is nothing short of tripe
it's also well overdue for some investigative journalist,
the clubs response is nothing short of tripe
Johnnythespider
Well-Known Member
And who brought it into the public domain ?
torchomatic
Well-Known Member
I'm not disputing that. I just said it was a shame. We all want it to be sorted. The football side of the Club is just starting to get momentum thanks to Robins.
Bugsy
Well-Known Member
Totally agree wiv this 1,
If we should start pointing the blame, its got to be from the Richardson era. We should of just expanded HR. Im cov thru n thru, always have always will be last nite*was a great result. Tonight however i feel like we have lost.
We'll_live_and_die
Super Moderator
I recently found out CCFC pay for his box, meal and drinks. Why would they do that given the public fallout?
Yet another blow.
I wish that there was some way to separate the entity that is the club from that which is the owners, in a similar way that the monarchy is a separate entity from the monarch, that way if there is a poor monarch the monarchy remains intact, in theory. It is evident that poor owners have lead to the sad situation the club has found itself; was there was a real choice as to who stepped in to own the club? Errors have been made by previous owners that have really cost us and stuffed us up, SISU are seem to be trying to make things worse. Even if ACL capitulated to SISU's hold out of the rent and SISU got their dirty little hands on 50% of the stadium, would the club benefit? Would SISU rub their hands together at the possibility of a profit by selling the stadium assets? I really do not believe that SISU have any noble intention for CCFC and the club will waste away one way or another, a secondary interest to the arena facilities at best.
At best SISU could hold out for the 21 days and get another load of interest on the rent they're witholding, let's face it, if they do not actually have the money we're done for and one has to ask where has that money gone?
At the end of the day - we are fans and in the modern game who cares about them? As long as someone gets their cash out of their plaything.
I wish that there was some way to separate the entity that is the club from that which is the owners, in a similar way that the monarchy is a separate entity from the monarch, that way if there is a poor monarch the monarchy remains intact, in theory. It is evident that poor owners have lead to the sad situation the club has found itself; was there was a real choice as to who stepped in to own the club? Errors have been made by previous owners that have really cost us and stuffed us up, SISU are seem to be trying to make things worse. Even if ACL capitulated to SISU's hold out of the rent and SISU got their dirty little hands on 50% of the stadium, would the club benefit? Would SISU rub their hands together at the possibility of a profit by selling the stadium assets? I really do not believe that SISU have any noble intention for CCFC and the club will waste away one way or another, a secondary interest to the arena facilities at best.
At best SISU could hold out for the 21 days and get another load of interest on the rent they're witholding, let's face it, if they do not actually have the money we're done for and one has to ask where has that money gone?
At the end of the day - we are fans and in the modern game who cares about them? As long as someone gets their cash out of their plaything.
dongonzalos
Well-Known Member
It's strange I am a cov fan.
However I am pleased ACL are standing up to the bullies.
However I am pleased ACL are standing up to the bullies.
torchomatic
Well-Known Member
It's not all one-sided. Regardless of whether SISU took on the already-agreed £1.2M a year payments, it is obvious to everyone and their cat that a club like us, in our position with our fan base CANNOT afford to pay such a rent. If we were full to the rafters every week then fair enough, but we're not and we're not likely to be - unless we can get a draw at WHL. The club SHOULD be able to renegotiate and ACL should AGREE to that. SISUs mistake was to withhold their payments while negotiations took place, stupid.
Interesting though that we will still end up paying ACL £250K a year on a match-by-match basis still more than all L1 and most Championship clubs. So CCFC are still paying something.
Personally I am, as always, on the side of the Football Club.
Interesting though that we will still end up paying ACL £250K a year on a match-by-match basis still more than all L1 and most Championship clubs. So CCFC are still paying something.
Personally I am, as always, on the side of the Football Club.
oldskyblue58
CCFC Finance Director
What the club pay around £10k a game is not rent. They are paying for the cost of things like staff and food in the Corporate/posh seats, the cost of providing car parking, cost of power etc ........... CCFC sell on the car parking, the corporate seats etc for income, use the power etc.
The costs they are billed are the costs that any other league club in the land pays whether or not they rent or own the ground. They are costs that CCFC would have to pay if they owned the ground. Fisher doesnt say it is rent only that they pay ACL £10k per match and hangs it there as if the costs wouldnt exist if it wasnt for the rent.
The only match day income stream that CCFC do not actually get is the income from the Kiosks ....... but even then what is very conveniently forgotten is the costs that goes with that income .......... costs that would be there whether CCFC owned the right to the income or not.
As usual smoke and mirrors.
The costs they are billed are the costs that any other league club in the land pays whether or not they rent or own the ground. They are costs that CCFC would have to pay if they owned the ground. Fisher doesnt say it is rent only that they pay ACL £10k per match and hangs it there as if the costs wouldnt exist if it wasnt for the rent.
The only match day income stream that CCFC do not actually get is the income from the Kiosks ....... but even then what is very conveniently forgotten is the costs that goes with that income .......... costs that would be there whether CCFC owned the right to the income or not.
As usual smoke and mirrors.
Bennets Afro
Well-Known Member
Ain't sisu after other income such as concert revenue too?
Brighton Sky Blue
Well-Known Member
The club was offered a hefty rent reduction which it refused. It has resorted to forfeiting money it is contractually obliged to pay. What part of that makes good sense to you?
TrueSkyBlueLiam
Member
This isn't fair. We're paying triple fo what the top Championship clubs are. Why didn't we just stay at Highfield Road until we had the money to build a stadium and actually own it? ACL are knobheads. They're overcharging us, not giving us any revenue form matchdays and they're holding us to ransom over that shitty stadium. Everyone else gets at least 50% of revenue from match days. Why not us?