Why a new ground is the fair way forward (26 Viewers)

italiahorse

Well-Known Member
Worryingly I find myself agreeing with the sentiment of his post - we need a new stadium in Coventry.

No we need to get back to the Ricoh and put this behind us.
Are the moderators frightened to say no to Sisue?
 

swisstony

New Member
Ok,build the f@#!$g thing then and we'll all come!!!!.
I genuinely don't believe it is in their budget./ timescale/business plan to build a stadium.
The council should call their bluff and grant any planning permission as I genuinely can't believe this is going to happen,their business history tells you this
 

6 Generations

Well-Known Member
But let's suppose that the arena can survive without a 23 day a calendar year,non paying tenant, but ultimately would prefer that CCFC played in Coventry.
If they proposed several sites suitable for our owners at favourable prices,less than valuation and further, guaranteed that planning permission would be granted, then how could Otium refuse. The club would be back in its rightful place.
The Football League could be informed, and finally Otium would have their wish, to build their own multi functional revenue generating stadium.
 

James Smith

Well-Known Member
No we need to get back to the Ricoh and put this behind us.
Are the moderators frightened to say no to Sisue?

I'm just sick of Sisu saying that they won't go back as tenants, and the council unable or unwilling to sell to them - as this could go on for years otherwise. I'm no fan of SISU and Coventry aren't my council so no love lost there.
 
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Como

Well-Known Member
What sort of return can you expect to get on a 25m new stadium for CCFC?

Would that rate of return interest a hedge fund?
 

letsallsingtogether

Well-Known Member
Who would pay 60 million for a stadium that holds 12,000 with a possibility of expanding to 20,000 playing outside of there home City and empty every week?
Sisu value the Ricoh at 5 million. So about 1 million.

What sort of return can you expect to get on a 25m new stadium for CCFC?



Would that rate of return interest a hedge fund?
 
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James Smith

Well-Known Member
What sort of return can you expect to get on a 25m new stadium for CCFC?

Would that rate of return interest a hedge fund?

Tim said that they'd sell the surrounding land to help fund the project a bit like Tesco and the Ricoh so it wouldn't be as much as that they would have to find investors for.
 

letsallsingtogether

Well-Known Member
But surly they would have that in place now so they can start building. out of town Shopping centres are harder to get planning permission for these days, so would probably have to be some other sort of business that is less lucrative.

Something like a sewage works or refuse Tip should swing it.:D

Tim said that they'd sell the surrounding land to help fund the project a bit like Tesco and the Ricoh so it wouldn't be as much as that they would have to find investors for.
 

Rusty Trombone

Well-Known Member
Tim said that they'd sell the surrounding land to help fund the project a bit like Tesco and the Ricoh so it wouldn't be as much as that they would have to find investors for.

The difference being that the Council already owned the land it was selling to fund the Ricoh, whereas SISU would have to buy the land and the try and sell it for more.

I'm not convinced this buying and selling would generate much extra income above the original cost, especially as extra costs would be incurred on acquisition such as legals and stamp duty, and these costs would eat into any assumed extra income.
 

SkyBlueHomer

New Member
I'd like to see the figures for all of this, based on this figure of £25m.

As James said sell some of the surrounding land + any money from naming rights and sponsorships of the stands/stadium. Would they be entitled to any grants, EU or otherwise? They may end up having to find very little money themselves.

All this depends on what league we are actually in though
 
Many, many posters on here proclaim that ACL and the council do not need the football. Many, many posters claim the club being at the Ricoh is a handicap.

Lots of other events could take place in the arena. Big truck racing (whatever that is) Northampton saints or Saracens rugby club, international show jumping, all year round rock concerts. Many believe that the facility souls outdo the NEC without the millstone of a football club. Apparently its worth many more millions than the club could afford and is a gold mine with the potential of new hotels. Again sure we are selfish to deny these scores of investors queuing for a piece of the action.

The backdrop to this is a council struggling to meet budgets and predictions of local service cuts and redundancies. So, surely the solution is obvious. The council identifies suitable sites in the city. It could sell unwanted land generating revenue and jobs while the Ricoh thrives as everyone says it will without the football club
We need all available land in the city for new houses, not fishers useless stadium.
 

bigfatronssba

Well-Known Member
Tim said that they'd sell the surrounding land to help fund the project a bit like Tesco and the Ricoh so it wouldn't be as much as that they would have to find investors for.

That is such a gamble though. The reason it worked with Tesco is because the council bought derelict land, which they could then sell on with planning permission.

To make money on this, Sisu will have to buy land, then hope and prey they get planning permission before selling it on.

From what I can see their whole plan rests on an assumption they will get planning permission for an adjoining development.

Anyway, I cant think of a 60 acre brownfield site near Coventry which leads me to the conclusion its bullpoop.
 

skybluetony176

Well-Known Member
That is such a gamble though. The reason it worked with Tesco is because the council bought derelict land, which they could then sell on with planning permission.

To make money on this, Sisu will have to buy land, then hope and prey they get planning permission before selling it on.

From what I can see their whole plan rests on an assumption they will get planning permission for an adjoining development.

Anyway, I cant think of a 60 acre brownfield site near Coventry which leads me to the conclusion its bullpoop.

I've looked on a map and i cant see anywhere called bullpoop near Coventry. just how far away is the new stadium going to be? :D
 

shmmeee

Well-Known Member
there is nothing to suggest its going to happen

no plans and no land bought, yet we are 1/6th of the way through out "3 year plan" to get back to Coventry

Except we're actually almost 30% of the way through a 3.5 year plan, that we assume started a year ago when Fisher told the council they were building a new ground.

I'd actually quite like a new stadium plans, at least it's something positive in all this crap. That's the irony, for most it's the fucking about that's the biggest problem (and the needless move to Northampton in the meantime) rather than the plan itself.
 

shmmeee

Well-Known Member
If the council stated offering venues on a plate that element of their strategy would be quickly exposed.

I agree with this.

Lucas should tie a piece of land up with a big bow and offer it for Christmas (at market value) along with final notice that negotiations are over and ACL will move on.

Some movement, any movement now please. The wait is the worst part.
 

dongonzalos

Well-Known Member
Many, many posters on here proclaim that ACL and the council do not need the football. Many, many posters claim the club being at the Ricoh is a handicap.

Lots of other events could take place in the arena. Big truck racing (whatever that is) Northampton saints or Saracens rugby club, international show jumping, all year round rock concerts. Many believe that the facility souls outdo the NEC without the millstone of a football club. Apparently its worth many more millions than the club could afford and is a gold mine with the potential of new hotels. Again sure we are selfish to deny these scores of investors queuing for a piece of the action.

The backdrop to this is a council struggling to meet budgets and predictions of local service cuts and redundancies. So, surely the solution is obvious. The council identifies suitable sites in the city. It could sell unwanted land generating revenue and jobs while the Ricoh thrives as everyone says it will without the football club

You do not believe they will build a new stadium. So a bit of a pointless post.
 
D

Deleted member 5849

Guest
If the council stated offering venues on a plate that element of their strategy would be quickly exposed.

Indeed, back them into a corner and either all is well, they're genuine, and care about the club... or one element of deflection is closed off to them.

What's not to like?
 

shmmeee

Well-Known Member
Indeed, back them into a corner and either all is well, they're genuine, and care about the club... or one element of deflection is closed off to them.

What's not to like?

I was trying to work out what the worst that could happen is. Surely Sisu will sell to a developer at worst when they exit, I'm really not sure what's to lose if the council get market value (which, it appears, is the legal requirement anyway).
 

italiahorse

Well-Known Member
If you are selling the surrounding land for retail then it needs to be near Coventry. No point in having a shopping centre at Ryton or Brandon, nobody would go.
Also if you buy 60acres of green belt and sell it as retail to make your money, why hasn't someone else done it ? So many question.
 
D

Deleted member 5849

Guest
I was trying to work out what the worst that could happen is. Surely Sisu will sell to a developer at worst when they exit, I'm really not sure what's to lose if the council get market value (which, it appears, is the legal requirement anyway).

Yeah the land still has to go through planning permission after all, and not like SISU can secretly build a secret lazer firing nuclear capable base to train onto the town hall, is it?!?
 

shmmeee

Well-Known Member
Yeah the land still has to go through planning permission after all, and not like SISU can secretly build a secret lazer firing nuclear capable base to train onto the town hall, is it?!?

And it's not like Coventry real estate is in high demand, so even an empty plot isn't trouble in the long run.

Though 60 acres or whatever is a huge amount, a man wearing more tinfoil than me might suggest high enough to ensure that any such land offered can be rejected as "not matching our ambitions for the club".
 
D

Deleted member 5849

Guest
And it's not like Coventry real estate is in high demand, so even an empty plot isn't trouble in the long run.

Though 60 acres or whatever is a huge amount, a man wearing more tinfoil than me might suggest high enough to ensure that any such land offered can be rejected as "not matching our ambitions for the club".

60 acres is indeed a lot.

The other concern, incidentally, that academy next to ground is a fine idea, I'd even accept the club rocking up in Baginton, say, if that happened.

Surely a concern that Ryton is either:

Sold without a murmur as part of the financing... for a ground that never happens or;

Is used as a battering ram to get the failed planning permission McGinnity applied for granted this time, in order for the price to rise for the land, thus allowing them to sell it for more than its current value, wiping out the costs spent buggering off to Northampton, and wiping the club out for a net cost of zero since this particular strategy began.


See? I can do wild conspiracy theories with the best of them ;)
 

skybluetony176

Well-Known Member
60 acres is indeed a lot.

The other concern, incidentally, that academy next to ground is a fine idea, I'd even accept the club rocking up in Baginton, say, if that happened.

Surely a concern that Ryton is either:

Sold without a murmur as part of the financing... for a ground that never happens or;

Is used as a battering ram to get the failed planning permission McGinnity applied for granted this time, in order for the price to rise for the land, thus allowing them to sell it for more than its current value, wiping out the costs spent buggering off to Northampton, and wiping the club out for a net cost of zero since this particular strategy began.


See? I can do wild conspiracy theories with the best of them ;)

another scenario is that the club ends up with 50 odd acres of land that it cant sell.
 

shy_tall_knight

Well-Known Member
Many, many posters on here proclaim that ACL and the council do not need the football. Many, many posters claim the club being at the Ricoh is a handicap.

Lots of other events could take place in the arena. Big truck racing (whatever that is) Northampton saints or Saracens rugby club, international show jumping, all year round rock concerts. Many believe that the facility souls outdo the NEC without the millstone of a football club. Apparently its worth many more millions than the club could afford and is a gold mine with the potential of new hotels. Again sure we are selfish to deny these scores of investors queuing for a piece of the action.

The backdrop to this is a council struggling to meet budgets and predictions of local service cuts and redundancies. So, surely the solution is obvious. The council identifies suitable sites in the city. It could sell unwanted land generating revenue and jobs while the Ricoh thrives as everyone says it will without the football club

Do you genuinely believe that there are sufficient council owned sites available in the city to build even a poxy 12,000 capacity stadium. the land is unused often because it is in a poor location. And why should the council offer it to the club on the cheap, especially if it is struggling as much as you claim to meet all its budgets etc.. But can you imagine dealing with SueSue over a new ground, the council identify the location, council have to convince the locals do all the marketing, Sussue renage on the deal threaten to pull out it would be hell for the council. Let susSue identify the site and go through the normal process, pay market price, pay for all the public enquiries negotiate with a separate construction company.

Its all a load of nonsense there is no intention of building a new ground.
 

Spionkop

New Member
Sisu seemingly can't afford to buy the Ricoh, or even make an offer. Yet they can spend £25 million pounds minimum on a new ground. Yeah right.
 
J

Jack Griffin

Guest
another scenario is that the club ends up with 50 odd acres of land that it cant sell.

TBH, I can't see them buying that much land unless they have a major partner to subsidise them with a sure fire project the partner is prepared to pay for, a football ground would simply be an adjunct.
That is in essence how the Ricoh got built, Tesco money to purchase the Arena Park land from the council (did they buy the freehold or a long leasehold anyone know?) provided about 53% of the finance of the project.
 

shmmeee

Well-Known Member
TBH, I can't see them buying that much land unless they have a major partner to subsidise them with a sure fire project the partner is prepared to pay for, a football ground would simply be an adjunct.
That is in essence how the Ricoh got built, Tesco money to purchase the Arena Park land from the council (did they buy the freehold or a long leasehold anyone know?) provided about 53% of the finance of the project.

That HS2 conspiracy is looking more likely. How much land is available up there?
 
J

Jack Griffin

Guest
That HS2 conspiracy is looking more likely. How much land is available up there?

Well the area of land they want to build hs2 & have earmarked for (the probably unlikely) Birmingham airport 2nd runway is ~350acres, I'm sure a 25acre stadium site could be squeezed into a corner.
 

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