How much rent, fees and interest is acceptable ? (1 Viewer)

[shmmeee]

Out of interest what was the rent deal? £150,000 in any league? What was the length of the deal?

It was 400-450k in Championship and £1m in the Prem or thereabouts, 100k in L2 IIRC.

Do you think that's not fair?

It was the minimum deal required by the Football League, if they were following their usual procedures, 10 years.

 

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[chiefdave]

Like wise, if ACL had offered the deal as a standalone ACL's PR machine would have been all over it

possibly but ACL have said they can't comment until the JR issue is resolved so there would be a reason for them not commenting where there is no reason for SISU not commenting.

Out of interest what was the rent deal? £150,000 in any league? What was the length of the deal?

£150K in L1, £400K if we get promoted. rolling 10 year lease which is the minimum allowed under football league regulations.

EDIT: or what shmmeee said

 

[stupot07]

BREAKING EXCLUSIVE 4: ACL rent offer & signing off CVA to end #CCFC admin offered only IF owners Sisu scraps Judicial Review against council

So the rent off was conditional.


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[dongonzalos]

The offer if a low rent was made as part of the process. It was a condition that could not be legally accepted -this is well documented.

ACL wanted the club to agree 2 conditions or they would not sign the CVA. These are not in the public domain but its not difficult to figure them out.

So for an absolute fact ACL asked for a rent deal to be included in the CVA?

As oppose to the JR must be dropped as part of the CVA.

Also here is a 10 year rent deal 150k league one
100k league 2
400k Championship.
Including F&B.

The rent offer for the administration process was free.

Out of interest if SISU wanted to could they have said here is a contract.
You sign the CVA
We will at the same time sign a ten year rent deal at those terms and drop the JR.

Obviously only if they felt (they did not want to tell the football league that they have no other option than to move to Sixfields)

 

[dongonzalos]

So the rent off was conditional.


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You drop the JR we will sign the CVA and offer you this rent deal.

 

[ccfcway]

ACL / RICOH should just come out with.....

"until CCFC complete their new stadium build, we will match the rent that CCFC currently pay to NTFC, thus enabling them to move back. This will ensure that CCFC has a greater income than in currently does due to more fans through the turnstiles, and that CCFC play in COVENTRY. It will also enable SISU to continue with their long term plan of building their 20-30 million pound stadium in the coventry area"

 

[chiefdave]

You drop the JR we will sign the CVA and offer you this rent deal.

which is hardly unreasonable. you can't expect ACL to make the offer unconditionally and allow SISU to continue trying to put them out of business through the JR process!

 

[sky blue john]

ACL /
RICOH should just come out with.....

"until CCFC complete their new stadium build, we will match the rent that CCFC currently pay to NTFC, thus enabling them to move back. This will ensure that CCFC has a greater income than in currently does due to more fans through the turnstiles, and that CCFC play in COVENTRY. It will also enable SISU to continue with their long term plan of building their 20-30 million pound stadium in the coventry area"

I agree but this will only prove what we already know and that its never been about the f&b !!!
Although the likes of Grendel will still swear black is white !!!!

 

[shmmeee]

People who whine about F&B forget that (AFAIK) the original £450k offer before admin included access to 100% of ACLs income for FFP calculations.

Even the £150k offer they said they could still purchase F&B rights separately.

 

[stupot07]

People who whine about F&B forget that (AFAIK) the original £450k offer before admin included access to 100% of ACLs income for FFP calculations.

Even the £150k offer they said they could still purchase F&B rights separately.

Problem is the F&B model is poor one than makes a paltry c10% profit. And tbf having access to income on paper for ffp isn't particularly useful.


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[letsallsingtogether]

And we all know about how Appleton operated? left everything till last minute so as to force FL etc to accept what he said was Gospel...

Yes, but apparently appleton had already told ACL that they couldn't legally include it as part of the CVA before the adjournment, and they still returned a week later insisting it had to be included or no CVA sign off.


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[letsallsingtogether]

Well we are paying £200,000 at Northampton with no other streams of income no tea,coffee or advertising,and crowds that will average 2000 and lowest admission prices in the league.

So if they paid £150,000 at the Ricoh with average crowds of 10,000 they would be far better off so seems reasonable to me. They would probably also put up prices, and sell more merchandise in there shop.

 

[shmmeee]

Problem is the F&B model is poor one than makes a paltry c10% profit. And tbf having access to income on paper for ffp isn't particularly useful.


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Frankly, I don't buy that 10% profit line, not after I pay £4 for a rat burger. But it's besides the point, I'm simply going on what the club themselves stated at the time "we need F&B" then it was "F&B isn't important we need the freehold".

FFP was stated by the club as the reason, not income streams, FFP, ACL offered a deal that met that, the club changed the goalposts.

 

[Captain Dart]

Yes, the goaslposts moved as each concession was made, its pretty obvious.. that is why ACL finally said, that's it, our final offer is....

 

[fernandopartridge]

ACL / RICOH should just come out with.....

"until CCFC complete their new stadium build, we will match the rent that CCFC currently pay to NTFC, thus enabling them to move back. This will ensure that CCFC has a greater income than in currently does due to more fans through the turnstiles, and that CCFC play in COVENTRY. It will also enable SISU to continue with their long term plan of building their 20-30 million pound stadium in the coventry area"

CCFC asked for such a deal for 3 years, as a rent greater than that. It was flatly refused by ACL.

 

[lewys33]

CCFC asked for such a deal for 3 years, as a rent greater than that. It was flatly refused by ACL.

before admin

 

[Astute]

CCFC asked for such a deal for 3 years, as a rent greater than that. It was flatly refused by ACL.

Spinning the truth again?

Northampton was seen as an emergency temporary ground share. We all know this is BS but this means no contract limits. FL rules say that for a home ground there needs to be a minimum 10 year lease. So ACL couldn't offer a 3 year deal. But if you want to talk numbers if SISU took a 10 year deal at £150,000 it would be 1.5m over 10 years. 5 years at Northampton at £200,000 is 1m over 5 years. And the 1.5m would be made back in the first year with the extra income. Just a shame that it don't go with what Joy wants to do with our club and us fans. She don't want to stay in Northampton for 5 years whilst building a new stadium. She wants the Ricoh and see's it as giving money to ACL makes it less of a chance of forcing a sale on the cheap.