CET: The deal turned down by sisu revealed (4 Viewers)

[Brighton Sky Blue]

It was in a different thread - but I am happy that someone else has come up with this point as I think it may well be the key to understand why they have turned down the offer.

Quite why they think they'd be entitled to write off the backdated rent I've no idea.

 

---

[Mucca Mad Boys]

its not the bargain you think they are after though SBT - but we will have to agree to differ on that opinion

The ultimate aim is to buy the RICOH, yes, like any other owners we'd have.

Their intentions after that, I don't know, I can't speak on behalf of them.

 

[Brighton Sky Blue]

There's a significant amount of chest-beating going on with both sides:

CCFC: We'll move somewhere else then
ACL: We're fine, we don't need 'em

Someone will need to blink first.

Difference is that ACL could eventually find a way to plug that gap. The only option for the club however would be to groundshare for an indefinite period as it sure doesn't have the money to build a new ground elsewhere in the city. However-do ACL want to be seen as the people responsible for destroying a football club? Doubt it, which is why they're making considerable concessions in order to keep the club at the stadium.

 

[Brighton Sky Blue]

ACL would probably double it.

ACL could double Walsall's rent as well? They are one shifty bunch eh, what with trying to secure money legally owed to them.

 

[Godiva]

Quite why they think they'd be entitled to write off the backdated rent I've no idea.

You can say the same about the rent ... why did they think they were entitled to a rent reduction?
But it seems they have gotten everybody to accept that the club should have a vastly improved rent deal - and so in a way there is 'some justification' in their first behaiviour (stopping the payment). There may well be some justification to a claim that the new rent should be backdated to when the club approached ACL first time.

 

[Brighton Sky Blue]

You can say the same about the rent ... why did they think they were entitled to a rent reduction?
But it seems they have gotten everybody to accept that the club should have a vastly improved rent deal - and so in a way there is 'some justification' in their first behaiviour (stopping the payment). There may well be some justification to a claim that the new rent should be backdated to when the club approached ACL first time.

No-there is zero justification in the way the club have gone about their business. If we just pick and choose what parts of a contract we want to follow then it makes the whole thing redundant; there is nothing wrong with seeking a rent reduction, and negotiations exactly aimed at that took place in June. A reduction was offered, refused, and rent continued to be withdrawn in violation of the contract-the reduction could easily have been accepted as an interim solution whilst negotiations continued. The club, and the club alone, are the ones who have made this situation so damn hard for themselves.

 

[Black6Osprey]

Its a good job us Coventry taxpayers paid for a stadium though isnt it?

Taxpayers didn't pay for it though. ACL are paying for it through a mortgage. The council was just a short term loan which was payed back.

Why do we keep banging on about taxpayers.

 

[Bennets Afro]

Fisher wants to pay league one rent for a prem league stadium. He needs to wake up!!!

 

[fernandopartridge]

No-there is zero justification in the way the club have gone about their business. If we just pick and choose what parts of a contract we want to follow then it makes the whole thing redundant; there is nothing wrong with seeking a rent reduction, and negotiations exactly aimed at that took place in June. A reduction was offered, refused, and rent continued to be withdrawn in violation of the contract-the reduction could easily have been accepted as an interim solution whilst negotiations continued. The club, and the club alone, are the ones who have made this situation so damn hard for themselves.

You don't understand the reality of business.

 

[CarpyCov84]

That offer is more than fair Fisher is a brainless twat for turning it down.

 

[torchomatic]

We have a Prem league stadium in League One with League One crowds and a Prem league rent. Go figure.

Fisher wants to pay league one rent for a prem league stadium. He needs to wake up!!!

 

[Sick Boy]

Fisher wants to pay league one rent for a prem league stadium. He needs to wake up!!!

We are a League 1 club though, how can we be expected to pay a Premier League level of rent? If the level of rent continues it will cripple the club even further, I presume you would think it is fair enough for us to pay a Premier League amount of rent in League 2 as well?

 

[Moscowskyblue]

does anybody really believe that acl are the problem here? they are protecting the interests of their charity against a company(sisu)who are reneging on their contracted obligations. they have in good faith offered a reduction in the rent, despite it not being in their best interests to do so. If we had been business savvy we we would have factored in a rent reduction upon relegation hitting us, but no it was operation premiership, look up not down......, would have offered to pay them more if we were promoted to the premiership? dont lets kid ourselves this problem is a production that has been years in the making and that includes one of the most fickle fan bases in football

 

[CarpyCov84]

Fisher needs to realise the deal is done and the rent is what the rent is you cannot drop a league and expect others to lose out it doesn't work like that !!!

 

[Sick Boy]

Fisher needs to realise the deal is done and the rent is what the rent is you cannot drop a league and expect others to lose out it doesn't work like that !!!

If this is the attitude of fans then the club really would be better off being shut down. 1.28M a rent a year a league 1 club is way, way too much. No investor would agree to ever pay it either, so what hope is there?

I am sure that if it was someone like Hoffman trying this tactic you would be full of praise for him.

 

[Grendel]

Fisher needs to realise the deal is done and the rent is what the rent is you cannot drop a league and expect others to lose out it doesn't work like that !!!

As ACL have already offered a 60% reduction it's clear that is exactly how it works.

 

[GaryPendrysEyes]

Fisher is a disgrace. There is a contract, sisu's failure to move the club forward means revenue has plummeted, instead of humbly going to ACL to request a contract change I.e. rent reduction they try and damage ACL's reputation and damage them financially.
ACL and the council are far more concerned about Coventry and its future than Fisher and sisu ever will. Something the sisu apologists should remember.

 

[CarpyCov84]

I see your point maybe their should be some flexibility I dunno I'm fed up like most with this until all parties are singing from the same hym-sheet i can't see where this is gonna end.How low can they drop the rent ??

 

[Grendel]

Fisher is a disgrace. There is a contract, sisu's failure to move the club forward means revenue has plummeted, instead of humbly going to ACL to request a contract change I.e. rent reduction they try and damage ACL's reputation and damage them financially.
ACL and the council are far more concerned about Coventry and its future than Fisher and sisu ever will. Something the sisu apologists should remember.

Here you are BSB a "fan" who clearly expects the club to keep blowing over £1 million a year unless they grovel to ACL.

 

[coundonskyblue]

Fisher should be begging for a reduction. Not acting like the club has some automatic right to it.

 

[DazzleTommyDazzle]

Here you are BSB a "fan" who clearly expects the club to keep blowing over £1 million a year unless they grovel to ACL.

I suggest you re-read his comment.

Perhaps you could apologise then.

 

[CarpyCov84]

Fisher should be begging for a reduction. Not acting like the club has some automatic right to it.

Agree with this 100% Totally hit the nail on the head fella

 

[stupot07]

Fisher is a disgrace. There is a contract, sisu's failure to move the club forward means revenue has plummeted, instead of humbly going to ACL to request a contract change I.e. rent reduction they try and damage ACL's reputation and damage them financially.
ACL and the council are far more concerned about Coventry and its future than Fisher and sisu ever will. Something the sisu apologists should remember.

By failure to move the club forward, do you mean not spending money they haven't got on players they can't afford to improve the squad?

 

[Brighton Sky Blue]

I suggest you re-read his comment.

Perhaps you could apologise then.

Saved me some typing there DTD.

 

[Grendel]

I suggest you re-read his comment.

Perhaps you could apologise then.

I've reread it and the first 3 words sum it up. My view is the rent is ridiculous and if this is the only way to get a fair market price then so what. Also there is no evidence ACL are anymore interested in our welfare than SISU.

From this and previous posts he is very anti owners and sees nothing positive in their stance,

I don't agree with him.

 

[Brighton Sky Blue]

Here you are BSB a "fan" who clearly expects the club to keep blowing over £1 million a year unless they grovel to ACL.

I expect the club to accept offers that are in its immediate interest.

 

[ricohman]

That offer seems too good to be true. And if it is true then sisu really are a pack of clowns with some hidden agenda.

 

[Grendel]

I expect the club to accept offers that are in its immediate interest.

Do you think any offer would have come if the club hasn't acted as it has done? The notion of humbly going to ACL is a joke.

 

[Brighton Sky Blue]

Do you think any offer would have come if the club hasn't acted as it has done? The notion of humbly going to ACL is a joke.

It did-the club negotiated and got an offer in June.

 

[Grendel]

It did-the club negotiated and got an offer in June.

An unacceptable offer and still unacceptably high.

 

[Brighton Sky Blue]

An unacceptable offer and still unacceptably high.

Had it been immediately accepted we'd have shelled out £300k in rent-we instead owe over £1 million due to Fisher's actions. The offer in June could always have been re-negotiated soon after, but would have immediately reduced our costs; how is the current situation preferable? Even after this, we've been offered a rent package of £400k plus full access to the matchday revenue-which brings us down to an actual cost of in the region of £300k, just £100k above Timmy's golden figure. If we can't find £100k to trim off a wage bill that includes Bell and McDonald on it then there really is no hope.

 

[ccfcway]

400k a year (8k a week) to play in one of the best stadium in the country

thats kilbane and RoD's wages...

its a decent deal by ACL

 

[AFCCOVENTRY]

Nope... i want £200k for the rent...














That's what Fisher will say

 

[Gaz]

I don't think the club should take that deal.
Even though it is a massive reduction, in my opinion it's still too high and not an amount the club can operate at.

 

[wingy]

I don't think the club should take that deal.
Even though it is a massive reduction, in my opinion it's still too high and not an amount the club can operate at.

But it can and should with nil pain to the current squad..