bigfatronssba
Well-Known Member
Still doesn't stop the club returning in the interim does it?
another damning article by 200% - worth a read (1 Viewer)
- Thread starter Snozz_is_god
- Start date
Still doesn't stop the club returning in the interim does it?
Broken Hearted Sky Blue
Well-Known Member
Well we wont know unless there are realistic negotiations will we?
cochese
Well-Known Member
It shouldn't, and for the sake of the fans a temporary rental deal should be struck. But SISU are thinking as a customer who in the past has not been treated with the best intentions of the football club. If ACL hadn't used the club as a cash cow, SISU might be more willing to deal with them.
Broken Hearted Sky Blue
Well-Known Member
Bye
bigfatronssba
Well-Known Member
Again that's not responsible ownership on Sisus part is it?
You charged us a lot in the past so we're going to wreck our own business?
The Gentleman
Well-Known Member
Nothing new that hasn't been said already about the football league or SISU is in the article. It's just reworded some, but not all, of the information that's been out there for the past 6 months. SISU aren't going to decide to change their minds because someone wrote a blog entry about them. The football league aren't going to change their ways because they still have a full allocation of clubs in the league. And people will continue to not look at the side ACL has played because the articles are too busy looking at the "popular view" that SISU are the worst ones in all of this.[/QUOTE]
Can I ask then, what you think it will achieve to constantly talk about the high rent that ACL/CCC charged us after the figure was set by all parties including CCFC. Surely if you are going to try and get people to look at what ACL did with regard to the rent, should you not also be talking about Richardson and the other cronies at that time ? I want to add that if more people and highly regarded journalists continue to write these articles, I think it will start to snowball and possibly start to push Sisu/Otium or at least make them think they might need to change tack. Let not forget that they certainly seem like an organisation who have tended to shy away from the limelight in the past. I do not believe the old saying that there is no such thing as bad publicity, these people are a hedge fund who want people to invest with them to make money. If it becomes more high profile and into the public eye that they are constantly losing money hand over fist and seem to be making bad business decisions, would you want to invest with them or trust them with your money, I know I wouldn't.
letsallsingtogether
Well-Known Member
Maybe someone should right an article about all the good things Sisu have done for the club:thinking about:
I tried but honestly where would you start and end only one word should suffice.
Nothing..........
Not much of an article but hay you all want the truth.
I tried but honestly where would you start and end only one word should suffice.
Nothing..........
Not much of an article but hay you all want the truth.
cochese
Well-Known Member
Can I ask then, what you think it will achieve to constantly talk about the high rent that ACL/CCC charged us after the figure was set by all parties including CCFC. Surely if you are going to try and get people to look at what ACL did with regard to the rent, should you not also be talking about Richardson and the other cronies at that time ? I want to add that if more people and highly regarded journalists continue to write these articles, I think it will start to snowball and possibly start to push Sisu/Otium or at least make them think they might need to change tack. Let not forget that they certainly seem like an organisation who have tended to shy away from the limelight in the past. I do not believe the old saying that there is no such thing as bad publicity, these people are a hedge fund who want people to invest with them to make money. If it becomes more high profile and into the public eye that they are constantly losing money hand over fist and seem to be making bad business decisions, would you want to invest with them or trust them with your money, I know I wouldn't.[/QUOTE]
People want to constantly talk about SISU and what has that achieved. We're still playing at sixfields. SISU are still at the helm.
All I personally want is for any article that is written against SISU, to also include the roles of those responsible at ACL and our previous board. If you only include half the facts you're not going to get all the truth. How did this club get into a situation such that we ended up with that rental deal. How did it end up that SISU were the only ones to gain control of the club when we were on the brink of admin all those years ago. What were SISU told when they bought the club? You only need to look at the following 3 years to determine how bad they were at running the club but we are only constantly reminded of what happened after the take over happened.
Ultimately, if you're playing the blame game, I want everyone responsible to be held to account, not just SISU.
idm1975
Well-Known Member
The current regime had 6yrs to put things right and decided the way to ,ultimately, do it was to move the club out of the city. Pretty sure no matter how good or bad our previous owners were I would bet that none of them contemplated moving the club out of the city that bears it name!
Grendel
Well-Known Member
No the last lot just went bust
letsallsingtogether
Well-Known Member
Because every decision made for the benefit of our Football Club was made by the owners Football Club who ever they were and no one else.
They have dug there own hole let them climb out by themselves.
People want to constantly talk about SISU and what has that achieved. We're still playing at sixfields. SISU are still at the helm.
All I personally want is for any article that is written against SISU, to also include the roles of those responsible at ACL and our previous board. If you only include half the facts you're not going to get all the truth. How did this club get into a situation such that we ended up with that rental deal. How did it end up that SISU were the only ones to gain control of the club when we were on the brink of admin all those years ago. What were SISU told when they bought the club? You only need to look at the following 3 years to determine how bad they were at running the club but we are only constantly reminded of what happened after the take over happened.
Ultimately, if you're playing the blame game, I want everyone responsible to be held to account, not just SISU.[/QUOTE]
They have dug there own hole let them climb out by themselves.
People want to constantly talk about SISU and what has that achieved. We're still playing at sixfields. SISU are still at the helm.
All I personally want is for any article that is written against SISU, to also include the roles of those responsible at ACL and our previous board. If you only include half the facts you're not going to get all the truth. How did this club get into a situation such that we ended up with that rental deal. How did it end up that SISU were the only ones to gain control of the club when we were on the brink of admin all those years ago. What were SISU told when they bought the club? You only need to look at the following 3 years to determine how bad they were at running the club but we are only constantly reminded of what happened after the take over happened.
Ultimately, if you're playing the blame game, I want everyone responsible to be held to account, not just SISU.[/QUOTE]
idm1975
Well-Known Member
Oh dear, really?
dongonzalos
Well-Known Member
How much profit has been made from the cash cow? What has been done with this profit?
James Smith
Well-Known Member
What I find interesting is the comment from Joy Seppala in her interview with Les Reid
http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-owner-joy-6096912
Now given Sir Higgs was I believe on the board of both the charity and the club, is she suggesting that he was incompetent, or that he deliberately misled the club as to what they were agreeing to, or was out to screw the club in favour of the charity?
Yes the previous board were to blame for us leaving Highfield Road and ultimately for letting in Sisu, they were also the ones who signed the lease with ACL. (They did not move us to worse facilities 34 miles away) However I read in a book recently (in an effort to educate myself further) that the first thing you do when contemplating buying a business is due diligence on that business. This is the equivalent of getting a survey done before buying a house. Has anyone on here risked not having a survey done on what is probably the most expensive purchase of their lives?
If you read the comments of Stacie McDermott who is the marketing manager of our club in the last SCG meeting minutes on the club website she says:
http://www.ccfc.co.uk/news/article/minutes-from-the-scg-meeting-1219512.aspx
She appears to be saying Sisu didn't do due diligence which is a:facepalm: decision on their part and they have only themselves to blame.
Oh and to answer her question this fan wishes Sisu had done due diligence and never got their hands anywhere near our club even if it meant we'd gone into administration.
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Rusty Trombone
Well-Known Member
There were various additional revenues that the club had rights to, including some parking, and food and beverages. Some they sold the rights to, as they ran out of money, and some they still had access to, but it doesn't suit SISU to mention all that.
Sky Blues
Active Member
A lot of people seem to forget that point, that the club sold the rights to the revenue.
Yes James Smith makes that point very well In the JR thread.
stupot07
Well-Known Member
Doesn't that show how badly ACL have been run? They have benefited from £2.5m+ income from the club per annum - rent, matchday costs, F&B's, stand sponsorship, car parking, Ricoh deal, etc yet have made very little profit.
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Doesn't that show how badly ACL have been run? They have benefited from £2.5m+ income from the club per annum - rent, matchday costs, F&B's, stand sponsorship, car parking, Ricoh deal, etc yet have made very little profit.
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you have to remember It Is obviously shared with Compass etc ,but It Is a valid point .Also worth remembering whoever takes the profit level over IIRC £3.25M. is liable to pay a superate ,again IIRC circa £!M,I hope that is'nt a reason for holding things back ,there are also a couple of big salaries gone now . Whether they were entirely necessary is a point for debate ,but Daniel Gidney seemed to be lauded for his abilities.
shmmeee
Well-Known Member
Yes I do.
I wish my landlord offered me free rent then a 90%+ reduction from there...
Why do you think they're not?
shmmeee
Well-Known Member
Doesn't that show how badly ACL have been run? They have benefited from £2.5m+ income from the club per annum - rent, matchday costs, F&B's, stand sponsorship, car parking, Ricoh deal, etc yet have made very little profit.
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You're right. Better get into StadiumManagementTalk.co.uk and post a thread about it!
I hear the place that supplies the pies is badly run too! Better go on a pie strike.
How ACL are run is fucking irrelevant on a CCFC forum (though I don't think they've done too bad). The only relevant fact is: what's the rental offer they can make us and is it good for the club.
What do you think on that point?
Would either the 3 year or 10 year deal be good for CCFC if taken? If not what would you prefer?
Rusty Trombone
Well-Known Member
Doesn't that show how badly ACL have been run? They have benefited from £2.5m+ income from the club per annum - rent, matchday costs, F&B's, stand sponsorship, car parking, Ricoh deal, etc yet have made very little profit.
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Depends what the costs were, and how much they were. A lot of money would be spent on the interest for the mortgage/loan, but I think I heard something somewhere about them getting a better deal, from the Council I think. So they may be more profitable now, they may even be in a position to offer the club a better deal.
cochese
Well-Known Member
A 90%+ reduction on a rate that was already over inflated. It's like buying carpets from CarpetRight at half the price of it's original price, even though the original price was only on offer for about a week.
I want to see at least some of money that is spent on the car parking, the hospitality, the food and drinks and even the events that take place at the Ricoh go to the club. Why? Because if it wasn't for the football club, the Arena wouldn't be there in the first place.
I would prefer ACL was owned 100% by SBS&L.
bigfatronssba
Well-Known Member
They did get some of the money from the car park and hospitality.
As for the last sentence, business doesn't work like that. If it wasnt for MG Rover there would be no new Mini, yet here we are with BMW making all the profits and Rover is gone.
torchomatic
Well-Known Member
OK. What if the rent was horrendously high in the first place, so even a 90% reduction would make you struggle?
torchomatic
Well-Known Member
Captain Dart
Well-Known Member
I maybe wrong on this but the other examples of a SMC giving virtually free & unencumbered contracts to the resident football club I've seen posted here recently generally start with the SMC losing money.. as far as I'm aware ACL have never posted a loss and have in their 8 year period of operation managed to pay off circa. £7M debt.
Think of that £7m as money (or increased assets) not benefitting the club. Add to that the proceeds from their cost reductions scheme and you could argue the club has missed out on some £10m+.
bigfatronssba
Well-Known Member
The club received the income from 900 parking spaces.
Which makes selling It for £6M. all the more Stupid .
bigfatronssba
Well-Known Member
That's business Godiva.
Amazes me when a group of neo capitalist hedge fund owners start complaining about the inequalities of the free market.
Of course it is business. I just point out that the money could/should benefit the club.
dongonzalos
Well-Known Member
Not sure what your point is as don't have time re read above.
I hope it is the money spent on the JR and the estimated 2.5 million lost a season could be spent on the club transforming us into title contenders?