stupot07
Well-Known Member
You're completely missing the point
What did CCC / ACL do wrong? (5 Viewers)
- Thread starter chiefdave
- Start date
You're completely missing the point
covcity4life
Well-Known Member
If they wanted to include supplying wmds to Syria in the CVA fans like fred wouldnt bat an eyelid
Acl loyalists cannot be reasoned with
stupot07
Well-Known Member
Not everything - the credit crunch, the FFP rules, the EPPP, etc are all things that have an impact on the club both now and in the short to medium term future.
I completely agree, sisu should have either bought 50% of ACL or renegotiated the lease back in 2007, or better still why not let the club go into admin and buy it then? But that doesn't alter the fact that the rent was unsustainable and unfair, and the club get no benefit (yes they sold the rights) from match day income. All in all ACL have been in receipt of circa £2.5-3m per annum from the club for what is essentially 23 days use a year (£1.3m, £230k match fees, £1m income from F&B's plus stand naming rights, car parking, etc).
bigfatronssba
Well-Known Member
I don't think anyone has a problem with sisu wanting a new rent and wanting match day income.
What many of us do have a problem with is the way sisu negotiate and what they would consider a fair rent/purchase price. The club should pay to buy back what it sold, it should not be given it back.
stupot07
Well-Known Member
Again some of that is speculation.
bigfatronssba
Well-Known Member
Which bit? Withholding rent whilst negotiating isn't, that happened.
lordsummerisle
Well-Known Member
Not long after their "final" offer, they applied to put the club into administration(much to some supporters joy).
Didn't seem to be an awful lot of negotiation in that stance.
ohitsaidwalker king power
Well-Known Member
But why.. sorry to repost the same thought but cause and effect...?
Hobo
Well-Known Member
Are you still talking about ACL? I asked you to evidence where SISU showed compromise?
But anyway ACL applied to put the club in administration because Fisher threatened via the press that the club might have to be liquidated.....not a lot of negotiation in that stance either!
stupot07
Well-Known Member
At they think it should be given back.
skybluetony176
Well-Known Member
i think you would be hard pressed to find any real ACL loyalist, most people are just like me and see shitsu as enemy No1.
lets get rid of enemy No1 together 1st and then worry about what to do with ACL.
bigfatronssba
Well-Known Member
I didn't really say that sisu had said they wanted it for nothing, obviously none of us know what they offered, if any offer has ever been discussed. Just that if they did then it needs to be market rate.
shmmeee
Well-Known Member
Think of the F&B revenues as collateral on a pay day loan.
We needed quick cash, all we had was the share of the ground, we sold it to Higgs to pay the bills.
We were never intended to be like this permanently, Higgs talk about a couple of years. But for whatever reason the club never decided it was important. Until it was so important we had to leave.
L
longjohnskyblue
Guest
WHERE have you got this notion of sisu making nothing from matchdays from? Surely they are making miney from ticket sales - indeed the only thing they aren't making money from is a side of the business that makes £100k/year (around £2k/week)! Consideung there management charges on the club was at least £4.5 million this amount is absolute peanuts!
Once again the apologists keep coming out with the usual "blame on both sides" BS without a single shred of evidence!
stupot07
Well-Known Member
And then ACL needed a pay day loan so sold some rights to Compass and now their business model makes a mere 10% profit from matchday F&Bs.
lordsummerisle
Well-Known Member
That worked out nicely then!
J
Jack Griffin
Guest
There is no mystery, CCC paid about £15M to buy the land from British Gas
(TF said this at a fans forum in June, 1m 50s in https://www.youtube.com/watch?annot...&feature=iv&src_vid=tqtHj-aq8iw&v=aALGMquIYOA).
Tesco paid the council £60M to buy the land they needed for Arena Park & general clean up.
CCC got repaid for the land purchase and sank the balance into building the Stadium Complex.
Numbers on arena finances are in here http://moderngov.coventry.gov.uk/Da...08 - Arena Construction Completion Report.pdf
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Hobo
Well-Known Member
It might have. Depends how good you think SISU are at chess. ;-)
skybluetony176
Well-Known Member
i recon monopoly is shitsu's game of choice
lordsummerisle
Well-Known Member
Cluedo, Fisher in the Ricoh Arena with the lead piping I reckon.
No future with SISU
New Member
Their was 2 payments from tesco, the first was for the land the shopping center is on (£43m), the 2nd payment was for infrastructure (bridge from the A444) or did you want the council to build this free for tesco.
No future with SISU
New Member
You should not listen to Tim Fisher his figures are all disinformation. The council paid £24m for the land and £17m to decontaminate the land. They recived £43m from Tesco for the land and £17m to build infrastructure
dongonzalos
Well-Known Member
It is understood that Richardson bought an option to buy the Foleshill gas works site but when that option ran out and he couldn’t raise the money to pay British Gas, the council stepped in and bought the land for £20m - including £12m to decontaminate it – and then sold it to Tesco, using the £40m profit to part-fund the construction of the stadium.