coundonskyblue
New Member
ACL can do as they wish with the Ricoh Arena, it is their asset. CCFC is Sisu's responsibilty yet you seem to forget that.
Sisu have already wasted £45m on the club, would you class that as competent?
SISU say they may "get out of town" next week (12 Viewers)
- Thread starter Snozz_is_god
- Start date
ACL can do as they wish with the Ricoh Arena, it is their asset. CCFC is Sisu's responsibilty yet you seem to forget that.
Sisu have already wasted £45m on the club, would you class that as competent?
Sick Boy
Super Moderator
Who is they? Tim Fisher?
As supporters we should want what is best for the football club, and that is a fair amount of rent to be paid, as well as all revenue generated by our fans. Any other investor looking to buy the club would want the same. It doesn't make sense for people to support the club being denied these and being anti-sisu. The club would look much more attractive to a buyer if we were to get these. I am sure sisu would love to get out, but until they can make the club more attractive to a buyer then that is not going to happen and it will prolong their stay.
ashbyjan
Well-Known Member
The simple answer is because the club sold those rights when they sold their half of ACL for £6.5m - they could always buy back those rights?
Sick Boy
Super Moderator
What has it been wasted on? How many other owner's of football club have poured money into a club and seen no return on it. Poor decisions, including hiring Ray Ranson to run the club have proved a disaster, as well poor choices of managers including Coleman (who spent a lot of money in comparison to recent managers) & Andy Thorn. I am convinced if we had got in Robins last season we would have stayed up. It is only since Waggot has been here we have finally looked to become more astute in who we chose to manage the club.
Sick Boy
Super Moderator
What is the figure to buy these back again, please remind me?
SkyBlue_Bear83
Well-Known Member
And wasn't the figure 20 million to buy them back?
Mucca Mad Boys
Well-Known Member
A lot of people will see their wishes come true if this IS true, you know what they say, 'be careful what you wish for!'
Mucca Mad Boys
Well-Known Member
Hardly the actions of a 'charity', is it?
The mentality of some is completely twisted, it's almost as if they think ACL are doing the football club a favour. You think this is a good deal? Even if you accept the figures you quote, it still represents a net contribution of 150K per year for a 3rd division football club.
The arrogance of ACL is astounding when you consider the extent to which their business benefits from the football club. The Ricoh naming rights deal would have been worthless without the football club, and yet ACL have benefitted from that to the tune of millions, not to mention the compass catering deal, years of excessive rent charges, parking revenues and increased leverage when negotiating deals with the hotel and casino operators.
ACL have been riding the gravy train for years, to the point where the football clubs has been crippled, and yet they have the audacity to then try and play the victim and make legal moves against the club. It is sickening, and the fact there are so many people willing to apologise for their stance is truly shocking.
elephanttears
New Member
Why should the council decide who is competent or not, are they god?
Just like when they banned any more strip clubs being opened in Coventry because they thought it was immoral.
coundonskyblue
New Member
I would say taking a mid table championship club, investing £45m into it, and the end result that club being a mid table league 1 club is a disaster by anyones standards.
You could have put an ordinary person off the street at the helm over the last few years and they wouldn't have done as much damage as these clowns.
Sick Boy
Super Moderator
How were we a mid table Championship club when they came in? We had already had our flirts with relegation since we had been in the Championship. We finished 8th in one season under Adams, but we were hardly an established mid-table club. We were already on a slow decline.
I agree though, the decision to employ Ranson and Coleman was a disaster.
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deanocity3
New Member
Nigel will think xmas has come early
Bluegloucester
New Member
The best interests of the club rest with new owners who can run the club properly for the benefit of everyone connected with it.
sky blue john
Well-Known Member
I agree but Sisu have made such a pigs ear of negotiations and made howling tactical errors that have left them to be alienated by the only people that can give them or sell them what they need !!!
The only hope is for Sisu to sell on to someone that ACL, Counsel and Higgs can trust to be able to negotiate the revenues the club needs.
Grendel
Well-Known Member
Do you think Nottingham forest and Leicester city are well run?
Sick Boy
Super Moderator
Some of them are convinced that ACL are going to buy the club!! hahaha!!
coundonskyblue
New Member
Because the Ricoh is part owned by the Council and is their responsibilty.
What has Coventry Council's licensing Authority committee got to do with this?
ashbyjan
Well-Known Member
The figure that was agreed in the HOT between SISU and Higgs Charity was less than the £6.5m originally paid
Mucca Mad Boys
Well-Known Member
I guarantee these mystical owners you speak of would push for a similar rent agreement CCFC have pushed for this season.
So many short-sighted people.
Grendel
Well-Known Member
What like all the owners before sisu?
coundonskyblue
New Member
Forest, not sure as I do not know their situation in much detail so it would be wrong of me to comment.
Leicester, no.
Sick Boy
Super Moderator
Like who?
Why are ACL and the Council now playing God with the football club? They hardly have our best interests at heart, do they?
I think we will be waiting for a very long time on this one.
elephanttears
New Member
Hold on a minute, how well have the council ran Coventry, the place if falling to ruin. They even turned away the radio 1 big weekend they are idiots. The town centre is a shithole, hardly any jobs business rates through the roof. I see the councillors were swanning off on a joly to Brazil recently to explore "twin cities" what a waste of money that is.
coundonskyblue
New Member
The club was 11th when they took over, seems mid table to me.
Sick Boy
Super Moderator
That would include wanting the best deal for the football club, something sisu are currently trying to obtain and many on here are against.
Bluegloucester
New Member
Yes, but they may set about the negotiations in a nonconfrontational way! Not short sighted, just have an idea what is going on.
Sick Boy
Super Moderator
So you believe we were in a healthy position when sisu took over the club and were a strong mid-table team?
I haven't seen many people on here slating Ranson too much, a lot of the anti-sisu mob still revere him for some strange reason.
J
Jack Griffin
Guest
I thought £20M was to buy the Higgs 1/2 share of the stadium, which the club sold to them for £6.5M some years ago (Mind you I'm not sure where that figure comes from as I thought the Higgs/SISU negotiations were not public, this article in the CET states the figure is 'rumoured to be £10M' http://www.coventrytelegraph.net/ne...city-ricoh-arena-stadium-deal-92746-31880394/).
Anyway they are being given back the part of F&B that ACL has access to in the deal explained by Ashbyjan, the rest is tied up in a long term contract with Compass. Are you saying ACL should break that contract?
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coundonskyblue
New Member
I also guarantee that any sensible new owners would show some humility and accept the club has no one to blame but itself for its current position.
They would ASK for help rather than make demands for money that is not leagally theirs.
elephanttears
New Member
Whos to say they wont be like this with whatever owners we have. They will probably refuse to work with anyone unless its mother teresa.
Regarding the strip clubs it just shows they are poking their pointy little noses in in people business. Some bit of skirt on the council probably got on her high horse saying women are being exploited blah blah blah.
ashbyjan
Well-Known Member
Cost agreed to buy Higgs shares was below the £6.5m Higgs received for them - but hell never let the facts get in the way of a blind rant
coundonskyblue
New Member
No I don't, the club was in a mess, but the facts are the team were sat in mid table.
They then went on a bit of a bad run, Ranson (part of Sisu) decided to sack Dowie and get Coleman in.
http://news.bbc.co.uk/sport1/hi/football/teams/c/coventry_city/6763627.stm
That link seems to suggest you are right about the 50% thing. But I never knew who actually owned the other "50%.