Brighton Sky Blue
Well-Known Member
I thought Ricoh would've been the main reason?
Quick Hang Grenade for you to catch (9 Viewers)
- Thread starter BackRoomRummermill
- Start date
I thought Ricoh would've been the main reason?
CJparker
New Member
OK slightly extreme example...Saddam wasn't all bad
On a serious note, any balanced, independent view of this should be able to recognise that the council does not have an obligation to pay for CCFC facilities, and should not have to "roll over" even if other councils have done so. They may well roll over, as they are a public body trying to run a commercial joint venture with a rapacious and money-minded tenant who would have them for breakfast every day of the week.
You may only care about CCFC, but to be realistic you have to look at what other parties can agree to, and therefore what it is reasonable for us to accept.
CJparker
New Member
This is where Grendel and I are in full agreement - without CCFC, ACL are up shite creek without a piece of candyfloss, never mind a paddle
cloughie
Well-Known Member
I'm really not sure but about that but we will see one way or the other soon enough and I for one will not be taking any pleasure out of a failure of ACL or CCFC
The sensible option is a fair deal for both sides, whatever that maybe
dongonzalos
Well-Known Member
Does any business/consortium out there make money from a football club
dongonzalos
Well-Known Member
So if it is unlikely that you can make money out of a football club.
SISU claim to have invested 40 million into CCFC.
They have not affiliation, loyalty or moral obligation to Coventry.
There primary aim as a hedge fund us invest and get quick profits.
How do they do that with Coventry.
SISU claim to have invested 40 million into CCFC.
They have not affiliation, loyalty or moral obligation to Coventry.
There primary aim as a hedge fund us invest and get quick profits.
How do they do that with Coventry.
cloughie
Well-Known Member
The improvements have already been done to generate more business for ACL so they will not have to invest more money next year so they will make more profit. Investment means spending money so not spending on investment means that profit already being generated will offset £500,000
I don't believe Grendel that for 1 minute that you don't understand that
Last edited:
Grendel
Well-Known Member
That's ok then. They clearly have the upper hand. That profit doesn't have CCFC as a creditor owing £1.2 million and also must factor in the pulling out of Ricoh as the sponsor and also the catering company.
They hold the balance of power. Let them take the club to court then.
They already did.:facepalm:
Grendel
Well-Known Member
Precisely.
Mucca Mad Boys
Well-Known Member
Getting the RICOH, but more importantly, securing Premier League status.
Grendel
Well-Known Member
I'd have thought the next step from ACL would be to change the locks on the doors at the Ricoh to focus a few minds.:thinking about:
At least it means life is never dull supporting the club.
Still think ill get in on New Year's Day,
Me too looking forward to it,like most games currently.We owe em bigstyle.
Grendel
Well-Known Member
I think we'll pay Shrewsbury back with interest.
dilligaf
New Member
I maybe stupid (my kids tell me all the time) if i am tell me why.
Sisu own ccfc and are tenant's at the richo arena
the arena freehold is owned by the council and a charity but is leased to a company called ACL
so if ccfc is no more because they are wound up by Acl and ACL can't pay the mortgage because of lack of income from ccfc the bank will wind up ACL
and the bank will own the lease which they will sell to the highest bidder with a mortgage if necessary,
The council and the charity will still hold the freehold for the land but the bank would be libel for the upkeep of the stadium until they found a buyer.
Then who would buy a football stadium without a football team?. Makes no sense to me.
I think all of them Sisu ACL Alan higgs the council the Yorkshire bank with jim brown and Lionel Bird and give the sky blues a chance.
Sisu own ccfc and are tenant's at the richo arena
the arena freehold is owned by the council and a charity but is leased to a company called ACL
so if ccfc is no more because they are wound up by Acl and ACL can't pay the mortgage because of lack of income from ccfc the bank will wind up ACL
and the bank will own the lease which they will sell to the highest bidder with a mortgage if necessary,
The council and the charity will still hold the freehold for the land but the bank would be libel for the upkeep of the stadium until they found a buyer.
Then who would buy a football stadium without a football team?. Makes no sense to me.
I think all of them Sisu ACL Alan higgs the council the Yorkshire bank with jim brown and Lionel Bird and give the sky blues a chance.
CJparker
New Member
The main thing to remember here is that CCFC will not cease trading, despite all the threats of liquidations, winding up orders etc - SISU will never put the club out of business in a million years, because a) it makes no financial sense and b) it would scar their reputation.
Coventry cannot realistically play at any other alternative stadium. Hinkley, Rugby, Nuneaton, Nene Park, Butts Park are all too small. Leicester and Brum too far away.
ACL cannot make a profit without CCFC as a tenant.
So by definition, the status quo will remain. SISU are merely trying to reduce their own outgoings, as subsidising the club has become even more tenuous since they got us relegated to L1. The only question will be what the eventual rent figure is, and whether SISU wil lget their claws on the Ricoh.
Bit remember, as OSB amongst others has pointed out, even if SISU/CCFC buy the whole of the Ricoh, the combination of CCFC and the Ricoh will still make a financial loss.
Coventry cannot realistically play at any other alternative stadium. Hinkley, Rugby, Nuneaton, Nene Park, Butts Park are all too small. Leicester and Brum too far away.
ACL cannot make a profit without CCFC as a tenant.
So by definition, the status quo will remain. SISU are merely trying to reduce their own outgoings, as subsidising the club has become even more tenuous since they got us relegated to L1. The only question will be what the eventual rent figure is, and whether SISU wil lget their claws on the Ricoh.
Bit remember, as OSB amongst others has pointed out, even if SISU/CCFC buy the whole of the Ricoh, the combination of CCFC and the Ricoh will still make a financial loss.
Mucca Mad Boys
Well-Known Member
Wow... Do you seriously support CCFC?!
CJparker
New Member
Yes..that's why I want to SISU get what's coming to them
Mucca Mad Boys
Well-Known Member
It doesn't damage SISU though, only CCFC.
Why would you support an action that would bring complete humiliation to the club!?
derbyskyblue
Well-Known Member
cjparker, are you a fan of ccfc or a troll..or on a wind up?
J
Jack Griffin
Guest
Its not humiliation, basically we should put the interests of Coventry above the intrests of hedgefund SISU.
What more do you need to know, derrrrr!
What more do you need to know, derrrrr!
CJparker
New Member
No, I am a Cov fan. I just hate how SISU are walking all over people who we owe millions to, it is shameful and I am embarrased to be a CCFC fan at the moment. I want to see ACL succeed as well as CCFC.
The bigger battle here is who owns the Ricoh. Hopefully The council / ACL will come out and say "we will not reduce the rent while SISU own CCFC, and we will enver sell a share of the ground to CCFC while SISU are in charge." Only then would SISU have to give in, and realise they will never make any money from CCFC, sell up and allow someone else to come in and re-negotiate the terms.
derbyskyblue
Well-Known Member
The thing is tho, although we may be only worth 17% of income to acl, thats a big 17% that would impact on everything else that goes on at the ricoh. What use is the ricoh without ccfc?
Yes i know they might get a few more gigs etc...but ultimately it would become a big white elephant. Heads need to be banged together here and damn soon.
Yes i know they might get a few more gigs etc...but ultimately it would become a big white elephant. Heads need to be banged together here and damn soon.
BRRM you are at minimum 15-18 months behind the curve here .This plan scenario /plan was evident to some of us back then ,Why do you think SOC evolved ,then you contradict yourself by stating "They want the Ricoh not the team",followed by"If they take the Stadium they have to take the team,Prem here we come" followed by "They may concentrate on the Club or sell it ".
What you fail to say is that they could load all their Debt into the stadium ,sell anything of worth before offloading the club and make it pay the kind of rent we pay currently or higher.
What you fail to say is that they could load all their Debt into the stadium ,sell anything of worth before offloading the club and make it pay the kind of rent we pay currently or higher.
dongonzalos
Well-Known Member
What do they do when they get the Ricoh.
Apparently no one wants to buy it now.
Also can you see them investing the money to get us to the prem.
What do they do if they secure the Ricoh.
How do you make money out of the Ricoh
torchomatic
Well-Known Member
That's the spirit. :thinking about:
Personally, i think you want the club to fold just so you get to tell people who you have never met on a forum "i told you so". If that happens I hope you disappear up your own arse.
Personally, i think you want the club to fold just so you get to tell people who you have never met on a forum "i told you so". If that happens I hope you disappear up your own arse.
Last edited:
torchomatic
Well-Known Member
Considering he is supposedly "embarrassed" to support the club at the moment due to their lack of morals. Guardian reader and member of Liberty, no doubt.