Time for Plain Speaking (33 Viewers)

[Grendel]

As you well know the CVA offered them a pittance, it would have been giving respectability to a truly illegitimate process if ACL had voted for the CVA. Before Timmy moans about "we want our ten points back", ACL should respond with "let's have our 43-years of rent back"

How do you define a pittance?

 

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[Grendel]

A perfectly valid lease, which they had no right to break. I will never forgive them for that - that was when they went too far. IMO a 30 point deduction wouldn't have been enough punishment for that; if the FL had a spine they'd have kicked us out of the league. It was truly disgusting to walk away from it.

Would have you been happier then if joe Elliot and his lot had broken the lease and sisu not paid ACL for a few more years?

 

[skybluefred]

A KCIC poll

I would support a new ‘AFC Coventry’ club in 2014-15 but only if it played at the Ricoh - 16.9%
I would support a new ‘AFC Coventry’ club in 2014-15 as long as it played somewhere in Coventry -16.4%

So only 1/3 want it now/soon. And only 23% said they might support an AFC in the future but no is too soon...and that was only a might..so nowhere near the 80-90% really needed to make it work.


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How many fans took part in that poll?

 

[spider_ricoh]

I only have stated what Sisu have stated, yet their actions have also supported their statements. I don't believe they will run back to the Ricoh with there tail between their legs looking for a Rent deal.

I have also said previously that we would be better off at the Ricoh but the chances of this happening are nil for many reasons.

If, God forbid, SISU win the JR they may get the Ricoh and we'll be back there in a flash

 

[Hobo]

How do you define a pittance?

The sum total of cells in Grendel's brain.

 

[Grendel]

If, God forbid, SISU win the JR they may get the Ricoh and we'll be back there in a flash

It would be the best news ever.

 

[spider_ricoh]

Would have you been happier then if joe Elliot and his lot had broken the lease and sisu not paid ACL for a few more years?

No - the sensible thing would have been for SISU to re-negotiate in good faith, rather than alienating the landlords (whose ground it rightfully is, not CCFC's) by going nuclear and unilaterally withholding the rent as a first move. More than anything, people find the tactics repulsive rather than the ultimate objectives.

 

[spider_ricoh]

It would be the best news ever.

If that happens I will stop supporting Coventry City.

 

[Grendel]

The sum total of cells in Grendel's brain.

There are an awful lot then - well over a million.

 

[spider_ricoh]

How do you define a pittance?

It was a few hundred £k - nothing like the 43-years worth of rent at costs that IMO CCFC still owe ACL - with compound interest you're looking at £65m+

 

[Hobo]

There are an awful lot then - well over a million.

But not in use.

 

[Grendel]

If that happens I will stop supporting Coventry City.

With everything you post on here there is zero evidence you are a fan anyway - you clearly have a love in with ACL though.

 

[Broken Hearted Sky Blue]

I hope Sisu build their ground I really do save me a fortune

 

[Grendel]

No - the sensible thing would have been for SISU to re-negotiate in good faith, rather than alienating the landlords (whose ground it rightfully is, not CCFC's) by going nuclear and unilaterally withholding the rent as a first move. More than anything, people find the tactics repulsive rather than the ultimate objectives.

Youve missed the point. When your mates at ACL were destroying the club first time round if sisu hadn't purchased the club then the lease would have been broken anyway.

Hey thinking about it if ACL hadn't been so greedy in the first place we'd never have heard of sisu. How do you feel now?

 

[Rusty Trombone]

The breaking of the lease is one of the few things they should be appluaded for.

I'd agree with that, it's a shame ACL didn't see it coming as if they had they may have reduced the rent sooner, and that may, (only may) have stopped all that has followed.

 

[spider_ricoh]

With everything you post on here there is zero evidence you are a fan anyway - you clearly have a love in with ACL though.

What evidence do you want? CCFC merchandise in my house including shirts, scarves, hoodies, etc? The handfuls of used ticket stubs and matchday programmes I've kept? What fucking evidence can I offer on a web forum? For that matter, you appear to be some kind of WUM with no interest in right vs wrong only the blinkered interests of a football club owned by a Cayman Islands tax dodging hedge fund with no respect for its fans.

I'm not in love with ACL but we owe them and council in particular an enormous debt first of all for completing the Ricoh in the first place and then standing up to the bully boy tactics of your friends SISU.

 

[spider_ricoh]

I'd agree with that, it's a shame ACL didn't see it coming as if they had they may have reduced the rent sooner, and that may, (only may) have stopped all that has followed.

Fact check - they offered a 66% rent reduction well before the admin orders kicked off. Eventually got down to 90% reduction before the points deduction. How much should they have cut the rent by?

 

[spider_ricoh]

Youve missed the point. When your mates at ACL were destroying the club first time round if sisu hadn't purchased the club then the lease would have been broken anyway.

Hey thinking about it if ACL hadn't been so greedy in the first place we'd never have heard of sisu. How do you feel now?

There's no question that the rent was perfectly fair - with a £30m investment and a rent of £1m a year, that's a payback period on commercial terms, you wouldn;t get any better than that from any private institution. To say that "councils should give football clubs better terms" is to support state subsidy of football teams in an age of austerity and is clearly ludicrous.

 

[Rusty Trombone]

Fact check - they offered a 66% rent reduction well before the admin orders kicked off. Eventually got down to 90% reduction before the points deduction. How much should they have cut the rent by?

To the offers they are making now.

If they had reduced it more sooner then it would have prevented a lot of the arguments we have on here, so that would be a great benefit on its own, but also because SISU would have lost a lot of the arguments they presented to the FL as excuses to leave.

 

[covmark]

It was a few hundred £k - nothing like the 43-years worth of rent at costs that IMO CCFC still owe ACL - with compound interest you're looking at £65m+

Why do you care so much for a stadium management company. Fans like you get the club they deserve.
Unbelievable!

 

[Broken Hearted Sky Blue]

Youve missed the point. When your mates at ACL were destroying the club first time round if sisu hadn't purchased the club then the lease would have been broken anyway.

Hey thinking about it if ACL hadn't been so greedy in the first place we'd never have heard of sisu. How do you feel now?

You are right the 30 million pounds per year they charged before SISU arrived was outrageous

 

[spider_ricoh]

Why do you care so much for a stadium management company. Fans like you get the club they deserve.
Unbelievable!

I don't care about ACL as such but you just can't go round cheating people and ripping up leases, it's not on

 

[martcov]

Actually its the sad bastards who actually feel proud of a council that clearly see the club as nothing more than an entity to fleece money off that I feel sorry for.

I was under the impression that people who see the club as nothing more than an entity to fleece money off, were the ones who purchased it for that purpose. That's what hedge funds do.

 

[spider_ricoh]

To the offers they are making now.

If they had reduced it more sooner then it would have prevented a lot of the arguments we have on here, so that would be a great benefit on its own, but also because SISU would have lost a lot of the arguments they presented to the FL as excuses to leave.

Well SISU didn't give them a chance, they just stopped paying before any negotation took place - once that happened, the stage was set for a confrontation.

Your post suggests that ACL were in some way obliged to reduce the rent - they weren't at all, it's their stadium and they don't owe CCFC anything. SISU are not interested in compromise anyway, so why try meeting them half way?

 

[bigfatronssba]

There's no question that the rent was perfectly fair - with a £30m investment and a rent of £1m a year, that's a payback period on commercial terms, you wouldn;t get any better than that from any private institution. To say that "councils should give football clubs better terms" is to support state subsidy of football teams in an age of austerity and is clearly ludicrous.

Your wasting your time spider.

He is blinded by hate for the council to the point that all logic goes out the window.

He clearly has no idea about how the laws which limit what a local authority can do. He also seems to have little regard for the democratic process that legitimises council policy decisions.

 

[skybluefred]

If I am honest I genuinely couldn't predict if CCC/ACL or Sisu won the JR, what I'd like to happen if ACL/CCC won is that Sisu sold the Club to someone who could bring the Club home, I don't know whether that is even a remote possibility though at this point.

If there is anybody out there with enough money to buy a Football Club,can you give one reason why he would
chose CCFC over any number of Clubs who actually have some assets.

What do Coventry have to offer,A squad with a possible worth of 2m (that's being generous)-no ground,
very little support at present and an asking price of very many millions to cover sisu's investors ever increasing
losses.I believe Robinson sold out for £1 plus the debt to the Inland Revenue.That's about the current value.

 

[bigfatronssba]

Well I think accessing the matchday revenues that the Football Club generates is essential for the Club and would also be deemed as correct. Of course the club would have to pay for these.

I note you've mentioned nothing about the freehold in that sentence.

 

[RoboCCFC90]

I note you've mentioned nothing about the freehold in that sentence.

If it was me I wouldn't be interested in it I would want to the shares of ACL..


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[bigfatronssba]

With everything you post on here there is zero evidence you are a fan anyway - you clearly have a love in with ACL though.

Its comments like that which have most of this forum thinking your a tosser.

 

[bigfatronssba]

If it was me I wouldn't be interested in it I would want to the shares of ACL..


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That's what I was getting at.

CCFC would benefit from the shares in ACL, the freehold would have very little benefit to the day to day running of the club.

Sisu would benefit from the freehold, the small profits generated by ACL would be of little use to sisu in getting their money back (unless they can find someone willing to pay £50m+ for a league 1 club).

 

[Rusty Trombone]

Well SISU didn't give them a chance, they just stopped paying before any negotation took place - once that happened, the stage was set for a confrontation.

Your post suggests that ACL were in some way obliged to reduce the rent - they weren't at all, it's their stadium and they don't owe CCFC anything. SISU are not interested in compromise anyway, so why try meeting them half way?

The club were at the Ricoh for a long time whilst not paying the rent, I'm pretty sure the topic would have been raised, whilst they were talking/negotiating/having confrontation the rent could/should have been lowered.

ACL were too slow off the mark to realise what SISU were up to, as were most of us.

I'm not suggesting they were obliged to reduce the rent, but the fact that they have now reduced it by so much leaves them wide open to the accusation that they were overcharging before.

Saying they don't owe CCFC anything is probably technically true, but it's in their best interests to have them there, as has been proved by the attempts to get them back.

 

[Grendel]

Its comments like that which have most of this forum thinking your a tosser.

That's fine with me as its fans like you that have led the club to where they are. You care about the council and its precious management company than you ever would about the club.

You even said you wouldnt care if the club were relegated.

You're a fucking disgrace.

 

[The Gentleman]

On my phone with contact lenses which makes it hard to read to be honest.

If you're struggling then I have heard that Fisher Price is doing a handset for adults.

 

[Grendel]

Well SISU didn't give them a chance, they just stopped paying before any negotation took place - once that happened, the stage was set for a confrontation.

Your post suggests that ACL were in some way obliged to reduce the rent - they weren't at all, it's their stadium and they don't owe CCFC anything. SISU are not interested in compromise anyway, so why try meeting them half way?

C J Parker by any chance?

 

[RoboCCFC90]

That's what I was getting at.

CCFC would benefit from the shares in ACL, the freehold would have very little benefit to the day to day running of the club.

Sisu would benefit from the freehold, the small profits generated by ACL would be of little use to sisu in getting their money back (unless they can find someone willing to pay £50m+ for a league 1 club).

Exactly. It would be the best way for Sisu to achieve their goals by purchasing the shares of ACL, which is why I have a feeling that they're playing the JR card and weaken ACL down, I'd rather they come out purchased the Higgs share and then purchase the Council share, the question is if Sisu purchased the Higgs Share of ACL would CCC be willing to sell their 50% share? Something tells me they wouldn't.


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