Drink + Independent Inquiry petition + £1million questions (31 Viewers)

[Jack Griffin]

The club didn't start the idea. The club didn't find the location. The club had sunk £10m into the project and nothing worthwhile had been done when they came cap in hand.

Had the council told them to go screw we'd have been fucked. £10m in the hole and no ground.

In return for our £10m we got half a stadium management company and all the football revenues. We sold that for £4m to pay the bills.

In no way do the council come out as bad guys here, unless you have a massive anti-council chip on your shoulder.

The club didn't put £10 in they put £6.8M in and got £6.5M back from the Higgs, 300K was written off, the figures are in this document researched & published by the SBT & it agrees with what OSB has said on here.
http://www.skybluetrust.co.uk/attac...FC Ltd and Ricoh build years 1993 to 2007.pdf

 

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[torchomatic]

Clever that. Apparently from the 1993/94 accounts.

The club didn't put £10 in they put £6.8M in and got £6.5M back from the Higgs, 300K was written off, the figures are in this document researched & published by the SBT & it agrees with what OSB has said on here.
http://www.skybluetrust.co.uk/attac...FC Ltd and Ricoh build years 1993 to 2007.pdf

 

[Jack Griffin]

Well done you, three examples out of 92 clubs. Nothing to do with us. I want our club to concentrate on football rather than property. Anyway, it seems now that PH4 has disappeared somewhere or other that's not likely to happen.

That was 3 examples in 30 secs of the top of my head, I'm not going to waste time on in depth research to prove my point. You can repeat your mantra again & again, it won't make it any less wrong.

 

[torchomatic]

And back at ya.

You can repeat your mantra again & again, it won't make it any less wrong.

 

[Astute]

And, as you know, I've said many times that I don't want the stadium handed to SISU on a plate. The "poor old council" and "it's all the Club's stupid fault" comments get a little tiresome. Particular on a CCFC forum.

Are you insinuating that I have made these comments?

I would agree with our club having been run by idiots for years now though.

Yes our club did put money in. They were given a share. But they sold it. They could buy it back but SISU won't.

I also won't blame the council for the way things ended up. If it wasn't for the council we would have been homeless years ago. We are now but that is through choice......although not our choice.

 

[No future with SISU]

Surely that is not true. I seem to recall at the time that we had paid for the decontamination of the site.

The council paid £17m to clean it up.

 

[duffer]

Clever that. Apparently from the 1993/94 accounts.

Not quite sure what you're driving at here. I was making the point that the council hasn't sponged off the club, particularly in regard to building the arena. I think the accounts relating to the build prove that.

The club never owned the land, just an option to buy which was about to lapse until CCC stepped in.

I haven't seen any evidence that the club paid anything for decontamination of the land, but the build accounts show 17m paid by the council, later recovered from the money from Tesco.

In short, there seems to be this constant assertion that the council have shafted the club, but there's no evidence for it that I can see.

Happy to be proved wrong, but on the information published and available the 'council have sponged off the club/cash cow' argument doesn't seem to hold much water, sorry.

 

[Astute]

Maybe this is where we have the problem from of some of our fellow supporters thinking that our club has been ripped off by CCC. They think that our club lost out on many millions. The problem we have is that some things have been said so many times that many see it as the truth.

Then we have a few on here twisting the truth. Maybe they do it hoping that some will see it as the truth. Even SISU have been playing the same game. Like when they got the free rent offer.

I want my club back in Coventry. But not at the cost of ripping off CCC and Higgs. Our club has no rights to be given the Ricoh. SISU have much less of a right.

 

[AndreasB]

Where has the discussion about the army game gone eh? Was enjoying that. Back to more sisu out bollocks on here i see. Business as usual

 

[Nick]

Where has the discussion about the army game gone eh? Was enjoying that. Back to more sisu out bollocks on here i see. Business as usual

Didn't mean to like.

It was removed because it was totally off topic.

 

[Astute]

Where has the discussion about the army game gone eh? Was enjoying that. Back to more sisu out bollocks on here i see. Business as usual

SISU out bollox?

M ore like some trying to put bollox against CCC. Like saying CCFC bought the land that the arena is on. Or like saying CCFC paid for the decontamination. SISU are hardly mentioned compared to untruths against CCC but it is SISU out bollox?

You will need to try harder than that to stick up for SISU

 

[Sky Blue Pete]

Where has the discussion about the army game gone eh? Was enjoying that. Back to more sisu out bollocks on here i see. Business as usual

Hardly bollox

Even paying £1m a year for 6 years it only comes to £6m not really the biggest issue when considering alleged losses of £70m.

Seems perfectly reasonable to me to reduce the rent after renegotiating their mortgage via CCc.

Could CCc acl Higgs have done more? Probably. Are they mostly to blame not on your life!!

 

[Nick]

So so boring and draining. Don't people get tired of posting the same shit in every thread?

 

[Grendel]

So so boring and draining. Don't people get tired of posting the same shit in every thread?

What I never have been able to understand is what interest on a football forum is how much was paid to drain some land. Who cares?

 

[Sky Blue Pete]

Where has the discussion about the army game gone eh? Was enjoying that. Back to more sisu out bollocks on here i see. Business as usual

The club didn't start the idea. The club didn't find the location. The club had sunk £10m into the project and nothing worthwhile had been done when they came cap in hand.

Had the council told them to go screw we'd have been fucked. £10m in the hole and no ground.

In return for our £10m we got half a stadium management company and all the football revenues. We sold that for £4m to pay the bills.

In no way do the council come out as bad guys here, unless you have a massive anti-council chip on your shoulder.

So so boring and draining. Don't people get tired of posting the same shit in every thread?

Touché and ditto

 

[Astute]

So so boring and draining. Don't people get tired of posting the same shit in every thread?

A lot of people seem to think that CCFC paid for the land and decontaminating the land. It was pointed out this was incorrect. If it was the same old shit there wouldn't have been lots thinking differently. Yet you say same old shit.

It always seems to be same old shit if it isn't having a go at CCC/ACL. I have never seen you say same old shit when someone is sticking up for SISU. Why is this Nick?

 

[Nick]

A lot of people seem to think that CCFC paid for the land and decontaminating the land. It was pointed out this was incorrect. If it was the same old shit there wouldn't have been lots thinking differently. Yet you say same old shit.

It always seems to be same old shit if it isn't having a go at CCC/ACL. I have never seen you say same old shit when someone is sticking up for SISU. Why is this Nick?

I have posted it in various threads and it was meant generally before you start another boring discussion.

 

[torchomatic]

In the linked documents the figures quoted by Griffin state they are from the 93/94 accounts. Ten years before the event.

Not quite sure what you're driving at here. I was making the point that the council hasn't sponged off the club, particularly in regard to building the arena. I think the accounts relating to the build prove that.

The club never owned the land, just an option to buy which was about to lapse until CCC stepped in.

I haven't seen any evidence that the club paid anything for decontamination of the land, but the build accounts show 17m paid by the council, later recovered from the money from Tesco.

In short, there seems to be this constant assertion that the council have shafted the club, but there's no evidence for it that I can see.

Happy to be proved wrong, but on the information published and available the 'council have sponged off the club/cash cow' argument doesn't seem to hold much water, sorry.

 

[Astute]

I have posted it in various threads and it was meant generally before you start another boring discussion.

So why did you post 'same old shit' when it was a different topic to normal and had been since last night on this thread then? Why not before? Why not on the Torch thread where he has carefully chosen bullet points to make CCC look bad?

 

[duffer]

In the linked documents the figures quoted by Griffin state they are from the 93/94 accounts. Ten years before the event.

Right. See what you're saying. Maybe they meant the 03/04 accounts. To be honest, I don't think it's as big an error as the one about the club owning the Arena site, when in fact they only owned the option.

Fwiw, I didn't use the figures from the linked documents - but do you think it's more likely to be a typo, or are the Trust making it up?

It just looks remarkably specific to me, to be made up.

 

[shmmeee]

Right. See what you're saying. Maybe they meant the 03/04 accounts. To be honest, I don't think it's as big an error as the one about the club owning the Arena site, when in fact they only owned the option.

Fwiw, I didn't use the figures from the linked documents - but do you think it's more likely to be a typo, or are the Trust making it up?

It just looks remarkably specific to me, to be made up.

Don't you see? It's all a conspiracy! The Trust. 90% of the fanbase. The Council. Higgs. ACL. Bob Ainsworth. They're all just inventing crap to make Sisu look bad and hide their dastardly dealings!

Doesn't is all just make sense?

To be honest. I think the argument here is won. The only people who still rant on about this are people who have a long history of either being trolls or getting the wrong end of the stick.

 

[Jack Griffin]

In the linked documents the figures quoted by Griffin state they are from the 93/94 accounts. Ten years before the event.

This is what is says, where the devil did you get 1993/94 from! By my reasoning that money could have been spent any time between 1999 and 2003, it as is in the accounts of a company formed in 1999, unless you have evidence to show it was a debt transferred from another group company.

1999 11th March 1999 Source, Companies House
Arena 2001 Ltd incorporated. Development company for new stadium wholly owned by CCFC H

2003 Source, CCFC Group accounts 2003-2004, Companies House
Accounts for CCFC Group show a net investment of £6,808,425 in the Arena Project which was then sold to the AEH Charity for £6,500,000. The balance of £308,425 was written off.

PS the original link no longer works and this is the link from the document I thought I'd referenced, I reckon SBT changed some targets.
http://www.skybluetrust.co.uk/attac...td and Ricoh build years 1993 to 2007-new.pdf

PPS the above link worked for me as I edit this post.