Les reid's ct article (33 Viewers)
- Thread starter Sky Blue Pete
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J
Jack Griffin
Guest
I always thought spaghetti was made from albino worms, silly me.
They can always use that saving to increase the old "management fees". Obviously they must be underpaying themselves at the minute , financial geniuses that they are
alphabettyspagetty
Banned
Make no commercial benefit? Surely they get benefit from having football games! Sorry I forgot Grendel, ccfc do not charge for match days!
Still haven't answered as to why sisu never took the option to buy the ricoh when they took over, or offered to buy a licence to provide F&B on match days! They had that opportunity on day one but declined.
Sisu's argument seems to be that they want all of this for nothing. If they offered to pay for the privilege that would be fine - but they never have - have they! Sorry seem t have founbd that gaping hole in your entire argument for sisu once again!
James Smith
Well-Known Member
But Tim said "We've moved on" very publicly and we would be building our new stadium within 3-5 years. So that begs the question why haven't we seen anything concrete (pun not intended) on the new stadium, like plans or planning permission or land purchase etc. If ACL move on too then we're likely to be playing at Sixfields for at least 5 years and that "short term hit" is going to be very painful if attendances stay as they are. I'm worried that Tim is making statements that aren't vetted and no one knows now when he's bluffing and when he's not which is a dangerous thing to do.
Suppose hypothetically (I've no evidence either way) that ACL weren't bluffing and (assuming SISU don't try and litigate them into the stone age) actually can survive without our club. They don't have a financial need to get us back then, the day to day stadium cost to the council is the time of two of their officers to attend ACL board meetings but that's all I can think of. The loan is even making them a minor profit so no need to urgently sell the Ricoh or indeed ACL. So after 5 years of Sixfields and no new stadium what are we going to do? Stay in Northampton isn't a popular option with the fans but might be our only option and when does the short term become the medium term and are we still going to be funded by SISU then?
ACL won't sit around for ever waiting for us to pick up the phone and will go to plan B at some point which might be another use for the pitch or possibly another tenant. If this happens then it makes our return to the Ricoh very difficult and we either build a new stadium or stay in the wilderness.
You have to hope that Tim wasn't bluffing about the new stadium because he shouldn't be surprised if people do take or have taken him at his word and made plans accordingly.
lordsummerisle
Well-Known Member
Don't think he's got the fanbase to fill The Ricoh to be honest, and seems to be more interested in acting now rather than music.
Did like Harry Brown though.
torchomatic
Well-Known Member
I'm still trying to work out what makes up the other 91% of revenue that PWKH mentions in his interviews. If this is true then they won't need another anchor tenant, will they?
lordsummerisle
Well-Known Member
I think for ACL, anchor tenant has become rhyming slang.
D
Deleted member 5849
Guest
Arguably however, if you can run a business without an anchor tenant, it's better for that business anyway.
lordsummerisle
Well-Known Member
Diversity of interests and not having all your egss in one basket always a good idea.
Not sure that ACL have ever really shown the expertise to maximise the potential of the Ricoh though as yet.
James Smith
Well-Known Member
No real idea but at a guess Weddings, exhibitions, conferences, room hire, hotel etc. We're still just as screwed if they really don't need us.
torchomatic
Well-Known Member
Yes, we would be screwed if they didn't need us. However, I think it's just chest-beating from ACL. They need us all right. And we need them.
James Smith
Well-Known Member
Yeah but just suppose hypothetically they don't, what then?
chiefdave
Well-Known Member
hopefully that won't be a problem. unless they move another football team in (which is unlikely to say the least) then the worst issue we would have if we move back in would be the state of the pitch, other teams manage to groundshare with other sports without too much of an issue.
I don't think in the medium term they will be concreting over the pitch or anything like that as they would need to refit the whole stadium bowl and put a roof on to make it suitable for an alternative use. my suspicion is they will look to grow the other parts of the business and maintain the pitch. who knows, might even help when trying to get things like the rugby semis or representative games that there's a pitch in top shape and a choice of dates.
torchomatic
Well-Known Member
James Smith
Well-Known Member
To me that says we're screwed.
ACL are struggling. The place sits empty day after day. Have attended two meetings there this month and the place was like a ghost town. They have a couple of expos coming up, the snooker, but beyond that nothing of note. Not a single booking for December and January. Perhaps they have something up their sleeve though, who knows. Will be interesting to hear the outcome of the council enquiry which is due to take place shortly I think?
Grendel
Well-Known Member
I don't think so. We know that they would have been in a right mess if the council had not bought the loan.
Hardly a positive sign is it? Then we have an arena management company that survives on weddings and the odd two bit conference? They still have an arena to maintain. Very few major concerts and the main arena empty without purpose.
They won't last long.
italiahorse
Well-Known Member
A couple more concerts and a few rugby finals should cover the 140k they are loosing.
Let's hope not or we are homeless.
fernandopartridge
Well-Known Member
Can they stage a 'Rugby Final' every other week?
lordsummerisle
Well-Known Member
Don't think they've had one for about 6 years anyway have they?
Didn't get the RWC either.
Could pay the LTA another £50,000 and might get another Davis Cup game sometime in the future though.
italiahorse
Well-Known Member
Don't need too.
Remember loan has been rescheduled at a very low rate.
Really hope ACL don't move on .
lordsummerisle
Well-Known Member
What, put it on wheels like the biggest caravan in the World and take it around the country to where the action is?
What concerts? They don't exist. Even the Millenium Stadium, despite it's location, retractable roof and higher capacity, only manages 2 or 3 gigs a year. As for Rugby finals, I'm not sure there is any viability there either. The financial losses are far higher when you factor in the rent, F&B revenues and car parking. They are set to receive 500K as part of the liquidation of Ltd, so that will plug the gap for a while I suspect, but long term I can't see the viability at least not without a major reevaluation of their business plan and some investment and diversification. All possible, but unlikely. What having CCFC in residence gave them was cash-flow - a regular, reliable income; and in business cash-flow is everything.
D
Deleted member 5849
Guest
Optimistically(!) it'd force *somebody* to build another ground, make planning permission easier to get, and COventry would have not one but two decent sporting facilities.
Pessimistically, SISU wind us up, a phoenix club moves into the Butts, hopefully in time it grows enough for that site to be developed.
James Smith
Well-Known Member
Okay but hypothetically suppose they do, what happens to our club? I'm looking at this from a worst case scenario point of view* and if we can't come back to the Ricoh where in Coventry are we going to play?
*Which some might say has already happened in moving to Sixfields etc.
James Smith
Well-Known Member
Thing is I'm looking at this from a what's the worst that could happen future and I don't like the possible outcomes, the first one you mentioned is sadly looking very optimistic.
torchomatic
Well-Known Member
Oh, why did you have to say that. We'll get all the usual "the car park is always packed when I go past it on the way to work everyday", etc etc. Good luck to ACL if they think they can survive without CCFC as they publicly state. Privately however...
Grendel
Well-Known Member
Well that's no more likely than the club building a new ground is it? Otherwise councils all over the land would kick out the resident football club and hold an Asian wedding every Saturday.
The only white elephant stadium is in Coventry.
alphabettyspagetty
Banned
classic grendel. lots of words but says nothing.
but for info lets assume a hall can be lent out just once a week. assuming 50 weeks even the trolls should be able to work out that 20k/week is £1milion! you sneer at weddings, yet my understanding they can cost well over 30k! how much was the rent offered to cov £150k? that is 5 weddings nimrod!
oh is that the sound of grendel burning in flames yet again
Seen to rememer rhia numbskull sneering at holding corporate events - but yet again its ignorance is showing, as the NEC makes the vast majority of its income from such events (just look at the list I doubt you will find the nec holds many sporting events!
Now maybe its true that a corporate event / massively expensive weddings etc aren't as "glamourous" as say huddersfield v city, but its about making money, and quite frankly on a pure financial basis the club was massively restricting the earnings potential!
However, the council see the benefit / "prestige" of being able to hold major sporting events. But to think for a second that ACL / council would follow grendels plan and keep it as a stadium on the offchance that city might come back in 5/6 years timer is as idiotic as anything else this dimwit has bilged during its time on earth!
It must be great to live in your bubble G - reality takes a back seat to ranting in your world!
You have just become a parody of a troll - you cannot even achieve that successfully!
Mummy must be SO PROUD
but for info lets assume a hall can be lent out just once a week. assuming 50 weeks even the trolls should be able to work out that 20k/week is £1milion! you sneer at weddings, yet my understanding they can cost well over 30k! how much was the rent offered to cov £150k? that is 5 weddings nimrod!
oh is that the sound of grendel burning in flames yet again
Seen to rememer rhia numbskull sneering at holding corporate events - but yet again its ignorance is showing, as the NEC makes the vast majority of its income from such events (just look at the list I doubt you will find the nec holds many sporting events!
Now maybe its true that a corporate event / massively expensive weddings etc aren't as "glamourous" as say huddersfield v city, but its about making money, and quite frankly on a pure financial basis the club was massively restricting the earnings potential!
However, the council see the benefit / "prestige" of being able to hold major sporting events. But to think for a second that ACL / council would follow grendels plan and keep it as a stadium on the offchance that city might come back in 5/6 years timer is as idiotic as anything else this dimwit has bilged during its time on earth!
It must be great to live in your bubble G - reality takes a back seat to ranting in your world!
You have just become a parody of a troll - you cannot even achieve that successfully!
Mummy must be SO PROUD
alphabettyspagetty
Banned
BTW
What was it like working with Robert Downey on the ad G?
http://www.youtube.com/watch?v=Scsdl2ZttRM
What was it like working with Robert Downey on the ad G?
http://www.youtube.com/watch?v=Scsdl2ZttRM
blueflint
Well-Known Member
the millennium stadium also hosts loads of smaller events as does the ricoh just increase the number of those and job done.remember they could only hold so many because of football no restrictions now
Grendel
Well-Known Member
At this rate you'll have more incarnations than doctor who.
torchomatic
Well-Known Member
Brilliant, did you hear that PWKH. Just increase the number of stuff you put on and "job done".
James Smith
Well-Known Member
The key difference for me is that ACL currently have have a physical asset that they hold a lease on, CCFC only have Ryton. If ACL have reduced costs/overheads by enough they might not need as much revenue incoming to break even. If they can offer a rent now of just £150k to whoever then unless that was done as a loss leader, it was done at cost, or for profit. That's why I can believe they are more likely to be in that position more than Tim actually building a stadium in 5 years given no planning permission is yet in and we don't know of any land purchases yet. I read in yesterdays Standard that the local MP is complaining about the development of Brentford, specifically the "low quality" tower blocks spoiling the view from Kew Gardens and wants Greg Dyke to get involved. http://www.standard.co.uk/news/lond...over-tower-blocks-at-50m-stadium-8836608.html And their stadium is going to cost £50m.
I've just looked and whilst the events/shows that they have on at the Ricoh might not be the most glamorous there are a few of them going on. I had no idea that there was an entire basement suite of rooms and a bar as I've only ever seen the above ground stuff & the casino.
http://www.ricoharena.com/business/business-facilities/up-to-1000-delegates/
http://www.ricoharena.com/documents/27/original/hall-3-4-5-bar-87.pdf
There can't be many football stadia in this country with these facilities which is probably why councils don't turf out football clubs for Asian or any other sort of wedding at their grounds.
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