oldskyblue58
CCFC Finance Director
the alternatives are
go play at sixfields for what £5000 pw getting crowds of (lets be generous ) at 2000 at say average £12 per ticket = 600k for 5 years = £3m
(dont forget NTFC have said they have a share in the other income streams too)
or Ricoh 10000 crowd average at £15 per ticket = 3,750,000 pa or in over 5 years (to match NTFC period) £18,750,000
(no F&B though but much more likely to get sponsors & corporate interest etc )
it is a 10 year rolling lease not a fixed term that is on offer by ACL
Yes ACL are testing the resolve ....... no, ACL nor Council are not looking to sell up now
Also looking to draw line under things and both busineses to get back to business.
The SISU reply may well indicate their intentions and whether this goes on from here or they do what the fans want and play at the Ricoh. Is it a good deal well its not a bad one for the club and perhaps offers the opportunity of more in the future. certainly it adds worth to both businesses. Should offer the opportunity to break even for the club with good financial management. Would be great to have more certainly but it would also be great to see new owners - these things take time.
Interesting to see the financial arguments against it
go play at sixfields for what £5000 pw getting crowds of (lets be generous ) at 2000 at say average £12 per ticket = 600k for 5 years = £3m
(dont forget NTFC have said they have a share in the other income streams too)
or Ricoh 10000 crowd average at £15 per ticket = 3,750,000 pa or in over 5 years (to match NTFC period) £18,750,000
(no F&B though but much more likely to get sponsors & corporate interest etc )
it is a 10 year rolling lease not a fixed term that is on offer by ACL
Yes ACL are testing the resolve ....... no, ACL nor Council are not looking to sell up now
Also looking to draw line under things and both busineses to get back to business.
The SISU reply may well indicate their intentions and whether this goes on from here or they do what the fans want and play at the Ricoh. Is it a good deal well its not a bad one for the club and perhaps offers the opportunity of more in the future. certainly it adds worth to both businesses. Should offer the opportunity to break even for the club with good financial management. Would be great to have more certainly but it would also be great to see new owners - these things take time.
Interesting to see the financial arguments against it
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Brighton Sky Blue
Well-Known Member
I don't see what point there is in ACL suing Northampton when this has always been purely SISU's brainchild.
If full access to footballing revenue is provided (as said earlier we could pay a fee up front for access to this) and part or full ownership is made possible why would SISU reject it?
D
Deleted member 5849
Guest
That's the one bit I can understand from their POV, as a rational thing to do.
The rest seems almost designed for rejection, with a line of 'well we tried'.
As we were, then!
Broken Hearted Sky Blue
Well-Known Member
All this crap was supposed to be about the high rent ie 1.2 millin a year remember? Sisu got a reduction offer down to 400k not good enough now supposidly 150k per year for L1 still not good enough for some people
D
Deleted member 5849
Guest
Indeed.
Part ownership initially, with a routemap to full ownership once trust is repaired and our current owners show themselves capable/they've sold up. That's got to be the carrot, surely?
All it'll do is lose ACL support from Northampton fans, and risk them losing support from neutral fans from other clubs. It's up there with SISU's worst efforts of how making a financial choice may be appropriate in that context, but totally misses the knock on effect on public opinion.
hill83
Well-Known Member
Yep. Surely people understand that's what the are looking for by now though, altough reading above clearly not.
Turnover I mean.
Danceswithhorses
Well-Known Member
SISU...please agree to this.
We're all INSANELY BORED with all this BULLSHIT
We'd like to talk about football again please
We're all INSANELY BORED with all this BULLSHIT
We'd like to talk about football again please
Broken Hearted Sky Blue
Well-Known Member
If thats true then leave the rent at 1.2million and give Sisu the F+B think they'll accept that?
Its nothing to do with any revenues obviously thats not clear to some.
hill83
Well-Known Member
Of course they wouldn't, they'll want both. Or the ground itself. None of which will happen.
dongonzalos
Well-Known Member
How can there be any argument against it?
The FL are only allowing a ground share as there is no other option.
If there is a viable option on the table.
That better fulfils the FFP requirements.
Then the ground share can't happen?
hill83
Well-Known Member
leicesterskyblue
New Member
Struggle to see why people are so anti ACL? They negotiate a deal to reduce rent using the Council's low cost borrowing facility, and they get stick about "tax-payers money" ( its not!) They're trying to do what 14000+ have petitioned for via the CET and they get stick for wavering to protect their own interests.
If the team go back to the Ricoh how many people are going to go? Will we stick with Not One Penny More or will we all be so relieved to have them where they should be we'll go and fill Fisher's pockets?
Don't blame ACL for the debacle we're in. If SISU can find the money to rent Sixfields and build a new ground (that they will never get planning permission for!) why couldn't they find the money to pay the rent at the Ricoh as they were contractually committed to do?
Before the uneducated morons on here start saying im blinkered and pro ACL, I'm not, but blaming ACL is basically like charging a landlord with the crimes of their tenant. Why should ACL give SISU anything, CCFC in any manifestation have never paid a penny towards the building of the ground so what do they owe the club? I've said it before on here and elsewhere, ACL don't need the team to make a profit, not having to look after a pitch actually increases their income potential.
I won't be giving SISU another penny regardless. NOPM!
If the team go back to the Ricoh how many people are going to go? Will we stick with Not One Penny More or will we all be so relieved to have them where they should be we'll go and fill Fisher's pockets?
Don't blame ACL for the debacle we're in. If SISU can find the money to rent Sixfields and build a new ground (that they will never get planning permission for!) why couldn't they find the money to pay the rent at the Ricoh as they were contractually committed to do?
Before the uneducated morons on here start saying im blinkered and pro ACL, I'm not, but blaming ACL is basically like charging a landlord with the crimes of their tenant. Why should ACL give SISU anything, CCFC in any manifestation have never paid a penny towards the building of the ground so what do they owe the club? I've said it before on here and elsewhere, ACL don't need the team to make a profit, not having to look after a pitch actually increases their income potential.
I won't be giving SISU another penny regardless. NOPM!
I can't see that happening.
£150K per year rent - I guess there will be 10K per game addon for matchday cost. That's nearly £400k per year.
It doesn't seem to offer F/B revenue.
And without the prospect of ownership this is not really a good offer.
And it comes on the day where Ann Lucas says she want to talk. Well somebody behind her just shot her efforts down.
This has been leaked as a lure for the fans - and it will never lead to a deal. They are fishing for the fans acceptance of refusing the CVA tomorrow.
Going by the responses in this thread it works.
£150K per year rent - I guess there will be 10K per game addon for matchday cost. That's nearly £400k per year.
It doesn't seem to offer F/B revenue.
And without the prospect of ownership this is not really a good offer.
And it comes on the day where Ann Lucas says she want to talk. Well somebody behind her just shot her efforts down.
This has been leaked as a lure for the fans - and it will never lead to a deal. They are fishing for the fans acceptance of refusing the CVA tomorrow.
Going by the responses in this thread it works.
oldskyblue58
CCFC Finance Director
no one has said that other incomes could not be purchased - they are just not going to be given to them as part of the rent.
If they are prepared to pay NTFC £5k pw or £260k pa to get low ticket revenues and only a share of match day income surely they have to consider this proposal not dismiss it out of hand ?
At some point both sides have to get back to proper business surely?
If they are prepared to pay NTFC £5k pw or £260k pa to get low ticket revenues and only a share of match day income surely they have to consider this proposal not dismiss it out of hand ?
At some point both sides have to get back to proper business surely?
Broken Hearted Sky Blue
Well-Known Member
Of course it wont happen. But have you noticed that everytime an offer is made they change the goalposts(sorry to use football termson this site) and think of something else wankers
Paxman II
Well-Known Member
To my mind ACL are giving as best they will to entice SISU to leave by an assignable lease over 10 years. Enough to add value to the football club as a going concern and therefore perhaps with a season or two SISU can be instrumental in getting back to the championship, offer the business for sale with assignable lease of the |Ricoh and get back maybe 30 -40m. This would be the carrot.
It also says fcuk you we still don't trust you, we are greedy and won't consider any ownership but really need you to play ball.
It's not really a good enough proposal is it? It's smacks of half heartedness in favour of themselves and appeasement of the fans.
They would be looking for SISU to sell so they can then speak to new owners about a better deal on offer when they buy from SISU.
It's kind of like manipulation for their own preferred ends. Something SISU stand accused of.
SISU can have a good think because it does give them a way out and the interim period at low rent means they make money but with each passing years the asset of that assignable lease diminishes.
Frankly it's an ill thought and poor offer. Could SISU sell on with an 8 year lease for 30 or 40m?
It also says fcuk you we still don't trust you, we are greedy and won't consider any ownership but really need you to play ball.
It's not really a good enough proposal is it? It's smacks of half heartedness in favour of themselves and appeasement of the fans.
They would be looking for SISU to sell so they can then speak to new owners about a better deal on offer when they buy from SISU.
It's kind of like manipulation for their own preferred ends. Something SISU stand accused of.
SISU can have a good think because it does give them a way out and the interim period at low rent means they make money but with each passing years the asset of that assignable lease diminishes.
Frankly it's an ill thought and poor offer. Could SISU sell on with an 8 year lease for 30 or 40m?
hill83
Well-Known Member
They've always said they want the rent lowered and access to revenues though haven't they?
Nick
Administrator
RoboCCFC90
Well-Known Member
And the cracks are starting to appear in ACL...
Interestingly that this has all come out now, what about discussions between Ann Lucas and Joy Seppala, is this what Ann Lucas will offer to SISU?
I should note if it was me in I would snap this offer up.
Interestingly that this has all come out now, what about discussions between Ann Lucas and Joy Seppala, is this what Ann Lucas will offer to SISU?
I should note if it was me in I would snap this offer up.
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Broken Hearted Sky Blue
Well-Known Member
Every club has matchday expenses this if true is a great deal and you all know it and if you dont then youve all fallen for Sisus spin
Danceswithhorses
Well-Known Member
To be fair, what have SISU have done to deserve anyone's trust ?
Trust is earned
stupot07
Well-Known Member
All this crap was supposed to be about the high rent ie 1.2 millin a year remember? Sisu got a reduction offer down to 400k not good enough now supposidly 150k per year for L1 still not good enough for some people
ACL final best offer no room for further negotiation offer of £400k just got lowered by £250k.
Boo hoo.
Broken Hearted Sky Blue
Well-Known Member
How much lower do they want it and what do these revenues add up to ffs
Nonleagueherewecome
Well-Known Member
TheRoyalScam
Well-Known Member
From a Hereford site:
Coventry's second attempt at a CVA deal ended in stalemate today, with stadium owners ACL offering the club an ultimatum.
ACL told the meeting they were to begin High Court proceedings against Northampton over their deal allowing the Sky Blues to play at Sixfields, and demanded the club agree a new 10 year lease at the Ricoh Arena to get ACL's agreement on the CVA deal on offer.
ACL's offer appears surprisingly reasonable, with tiered pricing on each year depending on the League placing of the club that will see the Sky Blues would pay £150,000 rental at their current League One status. The sum would rise to £400,000 if they returned to the Championship, less than half the current terms, and there is even a further cut, to £100,000, if the club plunged into League Two.
However the whole offer from ACL hinges on club owners SISU pulling their moves to have a judicial review against the Council, who part-own the stadium company. For their part, ACL have refused to enter talks with SISU over a sale of ownership of the stadium.
The parties will reconvene on Friday, with the clock ticking ahead of Saturday's start to the Football League season.
RoboCCFC90
Well-Known Member
The figure probably wouldn't add up to much, but F&B could cover the Rent Fee of £150K.
Broken Hearted Sky Blue
Well-Known Member
Tell you what just give them the Ricoh and watch us in non league in the best ground with 150million debts
stupot07
Well-Known Member
Eh? What do you want?
Nonleagueherewecome
Well-Known Member
They've always had the option of the revenues-they just have to cough up the cost; I'd imagine at least what they sold them for. You'd think that exploitative fucks like SISU would realise that you don't get things in life for free...oh, apart from really desperate football clubs like ours, that is...
Broken Hearted Sky Blue
Well-Known Member
So they want the cake eat it and take the plate