I want a proper discussion about Freehold ownership (9 Viewers)

[torchomatic]

And, so do I. Stop being lazy and check before your usual predictable retorts. I have also said to put in safeguard, provisos, caveats or whatever. I don't think anyone would disagree with that. Well, I'm sure you'd have a girly hysterical fit about something.

Good post.

You see Torch some people get the idea. Try thinking about a few years time and not the present.

 

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[SIR ERNIE]

Personally I dont mind sisu via ccfc buying the stadium, provided safeguards are put in place and they pay market value.

What this thread is about though is the benefit of owning the freehold to ccfc. In terms of the football club there is no need to own the freehold.

But there's not a chance in hell of them ever paying market value is there?

 

[SonOfSnoz]

What's stopping CCC, selling to Sisu, with a clause, that only the football club owns the stadium, so Sisu can''t syphon off the Ricoh to another Sisu entity, who then charges the club rent & puts us back to square one?
CCC did a great job renting the arena to CCFC, for big bucks with little return, payback time!

 

[bigfatronssba]

But there's not a chance in hell of them ever paying market value is there?

I agree, and that's where I have a problem with them.

I have no real issue with them trying to increase the value of the club so they can sell on for a profit. But if you want something in life you have to pay for it.

 

[bigfatronssba]

What's stopping CCC, selling to Sisu, with a clause, that only the football club owns the stadium, so Sisu can''t syphon off the Ricoh to another Sisu entity, who then charges the club rent & puts us back to square one?
CCC did a great job renting the arena to CCFC, for big bucks with little return, payback time!

What's stopping sisu putting in a bid?

 

[Astute]

And, so do I. Stop being lazy and check before your usual predictable retorts. I have also said to put in safeguard, provisos, caveats or whatever. I don't think anyone would disagree with that. Well, I'm sure you'd have a girly hysterical fit about something.

Ha ha you accuse me of having a hissy fit

You seem to be one of us that thinks that SISU should get the whole thing whatever. But if you now agree that safeguards are needed then we are more or less singing off the same hymn sheet. It would be good news if we could all stop the bickering and fighting and join together as one voice. We might be able to help in some way then.

 

[SonOfSnoz]

What's stopping sisu putting in a bid?

Maybe they have?

 

[Jack Griffin]

Why give good assets to a company with massive debts? If SISU can't manage what they bought then we have to let SISU fail, no bail outs!

Isn't it best for the future of CCFC for them to go into administration and emerge from it with no debts & new owners?

 

[Sky Blue Kid]

Hey, Astute, do you think he's talking about his "Usual predictable sarcastic retorts"? Him being the man that couldn't give a damn about SISU distressing ACL to get the Ricoh last year?

 

[Astute]

Maybe they have?

I thought that she had made a take it or leave it offer. The offer was left. This is why we are where we are now. The offer was a poor one.

Not stating this as a fact, but all the facts point towards this.

 

[James Smith]

All negotiations start at the impossible and then you end up with what you actually wanted.

Joy says in the interview she doesn't negotiate so no chance there.

“I don’t posture. I always tell people what it is I need. I don’t go for wasting time in negotiations.

http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-owner-joy-6096912

However she later goes on to say in full contradictory style

“Realistically, this council don’t think they can work with me. I know I cannot work with them. It doesn’t mean I can’t negotiate a deal.

My bolding http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-owner-joy-6096912

So do you negotiate or not love?

 

[James Smith]

What's stopping CCC, selling to Sisu, with a clause, that only the football club owns the stadium, so Sisu can''t syphon off the Ricoh to another Sisu entity, who then charges the club rent & puts us back to square one?
CCC did a great job renting the arena to CCFC, for big bucks with little return, payback time!

Because what we've seen is a situation where we had no idea what constituted the football club, Ltd or Holdings. I'd be worried that SISU would find a loophole/way out and use it to walk off with the freehold.

 

[Astute]

Hey, Astute, do you think he's talking about his "Usual predictable sarcastic retorts"? Him being the man that couldn't give a damn about SISU distressing ACL to get the Ricoh last year?

All is well if he now means what he says. I hold no grudges and we need to pull together. It is about time we became one again and want what is best for our clubs future.

 

[SonOfSnoz]

Never producing accounts on time is also a concern

 

[Sky Blue Kid]

It's a multi-faceted situation atm Astute. We all want the best outcome for CCFC. Problem is which avenue is the best one to go down?...This is what disjoints the fans.

 

[SonOfSnoz]

Need Cov fan(s) to put money where their mouth is/are!

 

[Sky Blue Kid]

@ SonofSnoz....Are you saying we NOPM brigade should pay good money to SISU?

 

[torchomatic]

All is well if he now means what he says. I hold no grudges and we need to pull together. It is about time we became one again and want what is best for our clubs future.

Ive said it many times.

Sent from my Galaxy S4 using Tapatalk 2

 

[SonOfSnoz]

@ SonofSnoz....Are you saying we NOPM brigade should pay good money to SISU?

Not to sisu but to the club & to keep the promising young team alive!

 

[James Smith]

Not to sisu but to the club & to keep the promising young team alive!

You must have missed where SISU have said they're going to fund the club at Sixfields whilst the new stadium is built - so no need to break NOPM if you are observing it.

 

[Sky Blue Kid]

This is one of the many facets in which we disagree mate. To me, paying to go into Sixfields is lining SISU pockets. Believe me, I'd love to watch the boys play...but not while SISU are in charge.

 

[Nick]

This is one of the many facets in which we disagree mate. To me, paying to go into Sixfields is lining SISU pockets. Believe me, I'd love to watch the boys play...but not while SISU are in charge.

Will sisu actually see any profits from ticket money though?

 

[Sky Blue Kid]

@ Nick.....And who's fault is that?...See what I mean?

 

[SonOfSnoz]

You must have missed where SISU have said they're going to fund the club at Sixfields whilst the new stadium is built - so no need to break NOPM if you are observing it.

Nice to know the money from the sales of numerous players is going back into funding the club. Then again, not paying the rent & getting a much cheaper rent helps!

 

[mds]

Get the ground and anything connected to it independantly valued, give it to SISU, contracts and clauses, then on resale the council/acl/higgs get current valuation plus 20% of another valuation when sold, the value wont go down its a win win, when/if SISU turn us around they move on getting their money back, we get new owners and current ground owners get their money plus a little profit.

 

[Nick]

@ Nick.....And who's fault is that?...See what I mean?

I didn't say who's fault, just that I doubt any of the ticket sales money was profit so not lining pockets. It will be paying wages etc.

 

[Astute]

Ive said it many times.

Sent from my Galaxy S4 using Tapatalk 2

I apologise if you have said many times that we would need safeguarding in place if they got the freehold. Just don't remember you saying that before. And would have to be as legally watertight as possible as we all know what they are like.

If this was the case I would be happy for them to have it as long as the charity don't lose out and the council get their money back. That is unless it is just the ground and not the land. But that is what negotiations are for. And it is about time they started. ...and not one way negotiations either.

 

[mark82]

Are you saying that he is doing a good job?

His employers obviously think so.

 

[mark82]

Why are people so bothered about the club paying market value for the stadium? Surely what we want would be for the club to pay as little as possible for it. This would also give SISU some sort of exit strategy - and is that not what we all want?

 

[Jack Griffin]

I didn't say who's fault, just that I doubt any of the ticket sales money was profit so not lining pockets. It will be paying wages etc.

Well I'm not about to mitigate their losses. They made their bed, they can lie in it.

(notice the double entenre there :thinking about

 

[mark82]

Well I'm not about to mitigate their losses. They made their bed, they can lie in it.

(notice the double entenre there :thinking about

So you won't moan when they sell our best players to meet Financial Fair Play. We will have the lowest budget in the football league and should expect to be relegated in consecutive years after this season.

 

[italiahorse]

So you won't moan when they sell our best players to meet Financial Fair Play. We will have the lowest budget in the football league and should expect to be relegated in consecutive years after this season.

SISU can put it in as equity as long as they don't put it in as debt.
A SISU company can sponsor 'something' for £millions. Just like Man City do it.
They need to do something as if we all decided to go we couldn't be accommodated.
If they want too....

 

[italiahorse]

Nick

Can we have a FAQ section so we can refer to facts, documents, court hearings that are all 'true' facts.

 

[Jack Griffin]

So you won't moan when they sell our best players to meet Financial Fair Play. We will have the lowest budget in the football league and should expect to be relegated in consecutive years after this season.

No, I've pointed out that is quite a likely outcome before, I expect it & there is no point in me moaning.

Any such eventuality is a result of SISU's strategy.

 

[bigfatronssba]

Why are people so bothered about the club paying market value for the stadium? Surely what we want would be for the club to pay as little as possible for it. This would also give SISU some sort of exit strategy - and is that not what we all want?

I dont really see why hardworking Coventry taxpayers should subsidise a failing, incompetent hedge fund.