Ricoh (8 Viewers)

[@richh87]

We are in danger of having no stadium. If ACL manage to move on we are in trouble.
The Ricoh is our only chance. Sisu plan will be the death of the club as we will have so much debt we will not be able to afford it.

I don't know how they could move on, as there's no sports team big enough to play there, and there'd be some huge building costs to redevelop our part of the arena.

But if they did move on, and SISU liquidated, well then we would see the death of the club.

If SISU start building a stadium, then that's when we form a Phoenix club I think. I can't keep supporting a SISU owned club.

 

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[CCFC PimpRail]

I don't know how they could move on, as there's no sports team big enough to play there, and there'd be some huge building costs to redevelop our part of the arena.

Stop giving ACL ideas, sooner or later they'll realise they have no moral obligation to provide a football pitch to an ungrateful club for a pittance of a rent, and will secure investment to rebuild the area as an undercover exhibition/concert venue. It's almost worth calling ccfc's bluff....

 

[italiahorse]

I don't know how they could move on, as there's no sports team big enough to play there, and there'd be some huge building costs to redevelop our part of the arena.

But if they did move on, and SISU liquidated, well then we would see the death of the club.

If SISU start building a stadium, then that's when we form a Phoenix club I think. I can't keep supporting a SISU owned club.

Agree with that. Stadiums like Twickenham, Millenium Stadium, Wembley seem to survive on a few big matches and concerts. When you really think about 25 days in 365 is not a lot.
They could probably double up on concerts, premium rugby games, some under 21 games. Should move up the ladder on availability alone.

Is this why ACL are quiet?

 

[simple_simon]

I often go to the Casino at the Ricoh and they have some sort of event on most days, either exhibitions, conferences or other meetings. The main car park is never empty except weekends.

 

[Grendel]

Agree with that. Stadiums like Twickenham, Millenium Stadium, Wembley seem to survive on a few big matches and concerts. When you really think about 25 days in 365 is not a lot.
They could probably double up on concerts, premium rugby games, some under 21 games. Should move up the ladder on availability alone.

Is this why ACL are quiet?

Remind me - Coventry is the capital city of where? I know you aren't the brightest spark but Christ.....

 

[skybluetony176]

Remind me - Coventry is the capital city of where? I know you aren't the brightest spark but Christ.....

i went to see the red hot chilli peppers at the ricoh and have to say its better music venue than Wembley, couldn't say about the millennium but does it need to be a capital city. its pretty much bang in the centre of the country and has good road and rail links, more music concerts is an easy sale i would say, a rugby league cup final, maybe. it is predominately a northern sport so a lot nearer to the fan base for that code of rugby than Wembley with capacity possibly the only sticking point. rugby union, not going to happen unless we get awarded the world cup again at some point, but that's not a banker. under 21's why not, it worked out well in the past.

there is scope out side off CCFC, but clearly it was built with a football team in mind and that is where we should be.

 

[italiahorse]

Remind me - Coventry is the capital city of where? I know you aren't the brightest spark but Christ.....

Theres a lot more to come out of this. I just hope SISU see sense before ACL move on. Some people will have to eat humble pie. In your case plan a banquet.

 

[Grendel]

i went to see the red hot chilli peppers at the ricoh and have to say its better music venue than Wembley, couldn't say about the millennium but does it need to be a capital city. its pretty much bang in the centre of the country and has good road and rail links, more music concerts is an easy sale i would say, a rugby league cup final, maybe. it is predominately a northern sport so a lot nearer to the fan base for that code of rugby than Wembley with capacity possibly the only sticking point. rugby union, not going to happen unless we get awarded the world cup again at some point, but that's not a banker. under 21's why not, it worked out well in the past.

there is scope out side off CCFC, but clearly it was built with a football team in mind and that is where we should be.

How much do they make out of concerts? Name one venue in a demographic similar to Coventry that has a venue without a permenant resident.

Lucas admitted without the loan restructure they'd be stuffed. Cash flow has to be an issue. No one knows the loan terms but we can gaurentee the tax payer will be propping this institution unless something is sorted.

 

[longjohnskyblue]

How much do they make out of concerts? Name one venue in a demographic similar to Coventry that has a venue without a permenant resident.

Lucas admitted without the loan restructure they'd be stuffed. Cash flow has to be an issue. No one knows the loan terms but we can gaurentee the tax payer will be propping this institution unless something is sorted.

Lets assume the Ricoh will fit a roof to become a fully fledged event arena......

NIA
NEC
O2
Manchester Arena
etc etc.

Each are MASSIVELY profitable! NONE hold football games (except the odd masters indoor tournament)

Either you are being deliberatley obtuse, or you still haven't grasped tghe nub of the matter. Floorspace of the pitch(based on NEC price £150 m2) over £1million per event!

Even if you assume just 2 additional events per year, that is double what ccfc were paying in full rent!

Just admit you are wrong grendel and move on!

 

[Astute]

How much do they make out of concerts? Name one venue in a demographic similar to Coventry that has a venue without a permenant resident.

Lucas admitted without the loan restructure they'd be stuffed. Cash flow has to be an issue. No one knows the loan terms but we can gaurentee the tax payer will be propping this institution unless something is sorted.

If cash flow is such a big issue why are we still playing in Northampton? The cash will be flowing out, not in. So SISU have a football club. Gates are a disaster. It seems that timothy was miles out with his predictions. Are we even covering the fees they take out of our club for ruining....sorry running our club? Then you have sponsorship. This is the first season I can remember that nobody wants to sponsor us. They know that sales could be lost more than gained if anyone sponsored our club. More lost revenue. Shirt sales? So where are these new shirts we have been told about? At least we have seen a picture now....a month into the season. Has the problem been that suppliers don't trust SISU? Other shop sales? We have been reduced to a barrow. The FL told SISU that if they wanted the golden share they had to pay ACL the £560,000 on offer. This seems to be about 75% of a years revenue. And sounds like they haven't paid it yet. Have they got it? Timothy has had to go back to the Higgs trust with his tail between his legs otherwise he would have lost the money for the academy.

So Timothy said they had 10m towards the build of this stadium. So lets say it will be built. It will take at least 5 years as there are no evidence of plans so far. How much of this 10m will be eaten up staying in Northampton? Not looking good is it Grenduffy?

Lets get back to the Ricoh then. They have been able to offer a much reduced rent. From what we have seen it is somewhere between £150,000 and £400,000 a year. Much less than this stadium they want to build. Now the mortgage has been refinanced they don't need it to be the original 1.2m. They have done without rent for 2 years now.....minus the escrow fund. They should soon get £560,000 from SISU. About 2 years rent they were offering. There is also the normal money coming in from events. They will also be able to do more during weekends as our club has been taken away from there. So if anything the income has gone up as SISU were not paying the rent. This is extra income. The outgoings are lower from the mortgage refinancing. Overheads will be lower as less people are needed from the lost match days.

As you say Grenduffy, cash flow has to be an issue. But it is more of an issue for the side you want to come out on top and not the side you want to go under.

 

[letsallsingtogether]

At the end of the day the damage has been done. Even if we return to the Ricoh this season I believe all this shit has probably lost them 2000 fans already and the longer it goes on the more they lose.

But of course Sisu know better

By the way you would be surprised at what the Ricoh can be used for or even changed too I can't say any more but watch this space...

 

[BrisbaneBronco]

I don't know how they could move on, as there's no sports team big enough to play there, and there'd be some huge building costs to redevelop our part of the arena.

But if they did move on, and SISU liquidated, well then we would see the death of the club.

If SISU start building a stadium, then that's when we form a Phoenix club I think. I can't keep supporting a SISU owned club.

If SISU shock us all and build a new stadium, are you seriously saying that we should form a Phoenix club?

If we get the new stadium, we will be able to receive 100% income streams, we will be rid of any involvement from CCC/ACL etc, happy days imho.
OK so the new stadium will probably not be in Coventry, but that is not SISU's fault is it?
Also if you take a close look at what SP is doing at CCFC at present, would you seriously turn your back on this to support a Phoenix club?

 

[italiahorse]

If SISU shock us all and build a new stadium, are you seriously saying that we should form a Phoenix club?

If we get the new stadium, we will be able to receive 100% income streams, we will be rid of any involvement from CCC/ACL etc, happy days imho.
OK so the new stadium will probably not be in Coventry, but that is not SISU's fault is it?
Also if you take a close look at what SP is doing at CCFC at present, would you seriously turn your back on this to support a Phoenix club?

We will have so much debt by then that we will not be viable.
Don't think for a minute this SISU fianacial support whilst at Northampton will not end up in the club.
When SISU go they will still keep the stadium and rent it back to CCFC.
Pies are just SISU reasoning and not worth the change.

 

[Grendel]

We will have so much debt by then that we will not be viable.
Don't think for a minute this SISU fianacial support whilst at Northampton will not end up in the club.
When SISU go they will still keep the stadium and rent it back to CCFC.
Pies are just SISU reasoning and not worth the change.

So would Haskell and so would Byng - so would anyone else who actually owned the building.

Its ownership of the management company that will massively improve revenues - not rocket science but then again......

 

[@richh87]

So would Haskell and so would Byng - so would anyone else who actually owned the building.

Its ownership of the management company that will massively improve revenues - not rocket science but then again......

Not if the Council only sell the ground with a clause stating that the ground and club must be sold as a package in future.

I'm sure that is what they'd insist upon.

 

[italiahorse]

So would Haskell and so would Byng - so would anyone else who actually owned the building.

Its ownership of the management company that will massively improve revenues - not rocket science but then again......

They wouldn't have the debt from 5 Years at Northampton and associated revenues. Plus you don't have to own the stadium particularly on the low rent offered.
Can't believe people think this plan is a goer. Are you sure it's economics they are teaching you not home economics ?
Hear from you at 4

 

[Joy Division]

If SISU shock us all and build a new stadium, are you seriously saying that we should form a Phoenix club?

If we get the new stadium, we will be able to receive 100% income streams, we will be rid of any involvement from CCC/ACL etc, happy days imho.
OK so the new stadium will probably not be in Coventry, but that is not SISU's fault is it?
Also if you take a close look at what SP is doing at CCFC at present, would you seriously turn your back on this to support a Phoenix club?

Tell me, what are these income streams?

 

[fernandopartridge]

It would be absolutely terrible for another company to own the stadium and charge rent but not as bad if it's Coventry City Council.

 

[BrisbaneBronco]

Tell me, what are these income streams?

Every Penny generated when the club plays at home, and nobody else sticking their noses in the trough and taking share.
Hows that for starters?

 

[Joy Division]

Every Penny generated when the club plays at home, and nobody else sticking their noses in the trough and taking share.
Hows that for starters?

Good start yes. Please carry on with the other income streams.

 

[italiahorse]

Every Penny generated when the club plays at home, and nobody else sticking their noses in the trough and taking share.
Hows that for starters?

You will need more income streams than that just to pay the debt generated in the next 5 years. As for paying for the stadium, paying the players, Rates, utilities etc no chance.
It's a great plan from SISU, but it does not involve a new stadium just the Ricoh.

 

[ccfcway]

At the end of the day the damage has been done. Even if we return to the Ricoh this season I believe all this shit has probably lost them 2000 fans already and the longer it goes on the more they lose.

But of course Sisu know better

By the way you would be surprised at what the Ricoh can be used for or even changed too I can't say any more but watch this space...

Is there a time scale on "watch this space". I was wondering why Ricoh / Compass / ACL et al were so quiet. I get you can say whats going on, but are we talking days, weeks, months, years before we find out ?

 

[jimmyhillsfanclub]

By the way you would be surprised at what the Ricoh can be used for or even changed too

...plough the pitch up for community allotments....

...we could grow sisu plants...

 

[lordsummerisle]

Is there a time scale on "watch this space". I was wondering why Ricoh / Compass / ACL et al were so quiet. I get you can say whats going on, but are we talking days, weeks, months, years before we find out ?

The "space" to watch is the big green bit in the middle.

To be fair, 30,000 people sat there watching the grass grow would get more entertainment than they did during the Coleman years.

ACL could market it like that.

"Come and watch the grass grow at The Ricoh - It's still better than watching a Coleman team".

 

[jimmyhillsfanclub]

....or they could invest in reclining seats so the fans can look straight up...

..."re-create that special feeling of watching Bothroyds City"

 

[lordsummerisle]

....or they could invest in reclining seats so the fans can look straight up...

..."re-create that special feeling of watching Bothroyds City"

Just have to turn up a day early to do that!