latest SCG minutes (6 Viewers)

[oldskyblue58]

August SCG minutes posted up on the CCFC site

http://www.ccfc.co.uk/news/article/scg-meeting-minutes-august-170914-1924680.aspx

- stadium forums continuing with Ms Garlick
- ticketing problems discussed
- SB Trust offered to help Club with logistics of Ricoh return
- north & south stand opening discussed by ACL & CCFC
- club cannot get a consumer credit licence??
- closing off parts of stands discussed by CCFC & ACL to improve atmosphere
- club rents by the event/day so has to clear out any of the stuff it brings in on match days
- take from the concourse is £2 per head ???and CCFC to encourage fans to use the concourse
- SW dealing with football operations, TF dealing with the new ground - Ricoh not for sale
- JR appeal to continue and not a problem for CCFC
- new stadium comment from TF -
"We have had meetings this week and I am currently focused on the land deal. It has been made clear the Ricoh Arena is not for sale which we fully respect and ACL understand we need to seek our own revenues. Outside of matchdays we have 340+ days where we generate no revenues and this hamstrings us as a club so we need those year-round revenues"

 

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[Sky Blue Dal]

Just a question.. I can't see Ms Garlick on the list of Attendee's or absentees??


Is she not suppose to be there to give updates on the new stadium issue? or have I got that wrong??

 

[oldskyblue58]

Just to pick up on a couple of things.

Consumer credit licence - that would affect the issue of season tickets on credit. I am surprised the club doesn't have one.

process for application is here https://www.nibusinessinfo.co.uk/content/how-apply-consumer-credit-licence

F&B in concourse - reading between the lines this would appear to be a source of match day income that doesn't go direct to the club but the club get a commission on it. It has been mentioned the club gets something like 15% on the sales but there are no firm details released. But a spend of £2 per head seems a little low to me despite the high prices.

Doing the maths at the Gillingham game for instance the max take for the club on that basis would have been

27600 people x £2 per head - the VAT (1/6) x 15% = 6900 ....... the effect on SCMP budget would be 6900 x 60% = £4140

an average crowd of 15k for the season would bring in £86250 and add £51750 to the SCMP budget

The encouragement to use the concourse whilst the right thing to do is not going to affect things that much is it? After all that was said about importance of F&B it doesn't seem to be big figures - why was it a potential deal breaker?

car parking income - this seems not to be the clubs at all. Under the old lease they had 900 spaces which if all fully sold each match brought an annual income of 172500 net of VAT (ignore the cost of the old lease etc - the point being made is that to get a low day rent the club has rented less space ie the car park and gets less income and that depresses the SCMP calculation -at least that's what it looks like)




Just a thought but cant help thinking that the new 2 year deal focusses more on cost savings not maximising income for CCFC ie the rent & costs have been driven down but turnover sacrificed to do that. However in the scheme of things the following major incomes go direct to the club (as they always have) and are enhanced by a return to the Ricoh

- ticket money (including hospitality packages)
- TV monies
- Prize monies
- kit,match and team sponsorship
- commercial & shop sales
- player trading

 

[oldskyblue58]

Just a question.. I can't see Ms Garlick on the list of Attendee's or absentees??


Is she not suppose to be there to give updates on the new stadium issue? or have I got that wrong??

I think the update is given by whoever attends the stadium forum on behalf of the SCG. Ms Garlick is not an SCG member as such but has attended past meetings I think

 

[Jack Griffin]

PW: Also from me thanks to TF for getting us back to the Ricoh. Finally from me, is Judicial Review appeal litigation dropped as part of the return?

TF: The appeal was always going to go ahead regardless of the outcome of the Judicial Review and the appeal was not an issue.

PW: Any update with new stadium?

TF: We have had meetings this week and I am currently focused on the land deal. It has been made clear the Ricoh Arena is not for sale which we fully respect and ACL understand we need to seek our own revenues. Outside of matchdays we have 340+ days where we generate no revenues and this hamstrings us as a club so we need those year-round revenues.

Read more at http://www.ccfc.co.uk/news/article/...ugust-170914-1924680.aspx#RkrRfvgHOX8fPvti.99

:thinking about: sort it out, or it will be 2 years till the next crisis.

 

[SkyBlueSid]

Just to pick up on a couple of things.

Consumer credit licence - that would affect the issue of season tickets on credit. I am surprised the club doesn't have one.

process for application is here https://www.nibusinessinfo.co.uk/content/how-apply-consumer-credit-licence

I am not surprised that the club cannot get a Consumer Credit licence. In fact I stated in a post a few weeks ago that I thought this would be the case when some people were asking if they could buy season tickets by instalments. The club used to have one which I believe was in the name of the company that went into administration and was dissolved. The company also had a poor record when it came to filing reports and accounts. These are almost certainly the issues which now prevent them obtaining a licence. This means they cannot offer credit on season tickets, even if the actual credit is through a third party as you need the licence even to act as credit brokers.

 

[oldskyblue58]

Fair point. Just checked the current and previous register. CCFCH held a consumer credit licence (only group company that did)but it lapsed 19/05/2010. It seems the lack of consumer credit licence is not something new and that it had not been updated.

Application / Licence Details

Licence Number:0394087

Licence Status:Lapsed on 19/05/2010
.
Current Applicant / Licensee:
.
Business Name Company Registration Number
Coventry City Football Club(Holdings) Limited 94305

Categories:
.

Consumer credit
Credit brokerage


Right To Canvass Off Trade Premises:No
.

Trading Name(s) (Current):
.
Coventry City Football Club

Issued Date:19-May-1995
.
Legal Formation:
.
Body Corporate (incorporated inside UK)

Current Individuals that run the organisation:
.
Name Position
Brenda Mary Price OFFICER
Geoffrey Robinson OFFICER
Mr Anthony Michael Jepson OFFICER
Mr Derek Alan Higgs OFFICER
Mr Graham Philip Hover OFFICER
Mr Joseph Warden Elliott OFFICER
Mr Michael Charles McGinnity OFFICER


Historic Individuals that run the organisation:
.
Name Position
Eric William Grove OFFICER
Mr Bryan Anthony Richardson OFFICER
Mr John Francis William Reason OFFICER
Mr Peter Derrick Hamilton Robins OFFICER

Nature of Business:
.
Other

Current Address(es):
.
Address Type Address
Principal Place Of Business Highfield Road Stadium, King Richard Street, Coventry, CV2 4FW
Registered Office Highfield Road Stadium, King Richard Street, Coventry, CV2 4FW

Historic Address(es):
.
Address Type Address
Principal Place Of Business Highfield Road Stadium, King Richard Street, Coventry, West Midlands, CV2 4FW
Registered Office Highfield Road Stadium, King Richard Street, Coventry, West Midlands, CV2 4FW

 

[ccfcway]

"TF: We have had meetings this week and I am currently focused on the land deal"

as you have been for last 15 months ?

 

[Otis]

Not sure if this has been covered elsewhere before, but why can't ACL agree to sell off bit parts of the Arena to Sisu? Okay, fine, we know they are saying the stadium isn't for sale, but there at the site is the hotel, casino, conference facilities, exhibition halls, a theatre etc.

Could it not be feasible to sell some small part of the facilities to Sisu? The owners are always talking about only having access to revenues for part of the year. If there had exhibition halls or suchlike they could try and generate monies all year round through events etc. ACL would still have the Arena in their posession and surely the whole facility is large enough to split down into some smaller units.

Or is that simply not a feasible option at all?

 

[oldskyblue58]

I would guess that the exhibition hall brings in better margins than the stadium and used more often Otis so would ACL really want to sell that off?

But why cant CCFC simply rent space from ACL, hire a hall etc put own events on? Its not like other people don't do that is it.

The club do not need to buy anything, no artificial split of the facilities, no cost of maintenance etc when not being used. They could get all year income that way and both CCFC & ACL gain from the arrangement. CCFC get turnover and income as would ACL. So why do they have to own it exactly.......?

 

[Otis]

I would guess that the exhibition hall brings in better margins than the stadium and used more often Otis so would ACL really want to sell that off?

But why cant CCFC simply rent space from ACL, hire a hall etc put own events on? Its not like other people don't do that is it.

The club do not need to buy anything, no artificial split of the facilities, no cost of maintenance etc when not being used. They could get all year income that way and both CCFC & ACL gain from the arrangement. CCFC get turnover and income as would ACL. So why do they have to own it exactly.......?

Yep, it's a really good idea.

Another option may be the casino. If Sisu had a share in that or took ownership, then for match days they could make a much more Sky Blues themed day of it and get more supporters in that way, by maybe showing videos of previous games or beaming Academy games to there and getting meets and greets with City legends etc.

Would think there are plenty of things they could come up with and if it felt like it belonged to Coventry City FC, with Sky Blue stuff going on, maybe a lot more of us would go in. It would be more like a supporters club.

 

[oldskyblue58]

The Casino is leased to Grosvenor though isn't it and as such theirs to run. They could perhaps do joint venture with Grosvenor but not sure it would work out or the current occupiers would want or need to.

Match days if the exhibition hall isn't being used hire it and make it a fans zone. That way kids and families can get involved - cant at the casino

trouble with all that is the cost and a willingness to pay that cost

Still comes back to the biggest thing that makes any stadium belong is the team winning consistently there. Other than match days most fans wont go to the stadium

 

[Otis]

The Casino is leased to Grosvenor though isn't it and as such theirs to run. They could perhaps do joint venture with Grosvenor but not sure it would work out or the current occupiers would want or need to.

Match days if the exhibition hall isn't being used hire it and make it a fans zone. That way kids and families can get involved - cant at the casino

trouble with all that is the cost and a willingness to pay that cost

Still comes back to the biggest thing that makes any stadium belong is the team winning consistently there. Other than match days most fans wont go to the stadium

Yes agree. But like you say, if CCFC had access to an exhibition hall etc. they could do many of the things I have listed above in terms of turning it into a Sky Blue supporter zone.

 

[jas365]

Has anyone at one of these SCG meetings ever asked Fisher about the financial validity of spending another £20m+ to build this new stadium and how long it will take to recover this cost through the revenues it generates?

 

[Steve.B50]

Has anyone at one of these SCG meetings ever asked Fisher about the financial validity of spending another £20m+ to build this new stadium and how long it will take to recover this cost through the revenues it generates?

Why not attend a meeting and ask ?

 

[Monners]

Has anyone at one of these SCG meetings ever asked Fisher about the financial validity of spending another £20m+ to build this new stadium and how long it will take to recover this cost through the revenues it generates?

If you pm me, then I will pass this question on to one of the SCG members who represents the fan group that I am a member of.

 

[Steve.B50]

At the meetings they are always seeking new members, they wish to build up a relationship between the fans and the club so am sure anyone who has a question to ask would be able to attend if they wished.
Just as the chairman via the CCFC web site

 

[oldskyblue58]

Yes agree. But like you say, if CCFC had access to an exhibition hall etc. they could do many of the things I have listed above in terms of turning it into a Sky Blue supporter zone.

The disappointing thing is instead of thinking around the problem in a positive way they keep coming back to demanding rhetoric about ownership. They could do the stuff we are discussing now, in fact have always had the facility to do it, but choose to take a blinkered approach about ownership. It would have brought them closer to the fans let alone made them money. It might even help them work to some element of ownership. As they say it ain't rocket science

 

[AndreasB]

They had a Direct Debit scheme last year actually - I paid for my season ticket through that - run through a finance company called Zebra as I mention. Not sure what has changed since last year?

 

[Otis]

They used to use Zebra years ago. Definitely bought my CCFC ST that way in previous seasons.

 

[jas365]

If you pm me, then I will pass this question on to one of the SCG members who represents the fan group that I am a member of.

Done, thanks

 

[ashbyjan]

If anyone has any issues about CCFC, match days etc they want bringing up with club/ACL etc PM me and I will, through the Trust, take it up directly with club/ACL or through SCG, whichever is the most appropriate channel.

 

[WestEndAgro]

Why not attend a meeting and ask ?

Thats a no then !

 

[duffer]

If Otium can't get a consumer credit licence then borrowing £10m-£15m to part fund the new stadium build might be a bit tricky. What's the most you can borrow from Wonga these days?

They might also find the builders a bit reluctant to accept IOUs.

 

[wingy]

The owner and certain directors have enough wealth to operate their own scheme and recoup the outlay monthly ,would certainly help to push a few more St's .

Maybe like other lenders those stipulations around loans and repayment around Dec/Jan time are a bit of a turn off,especially when you're so involved.

 

[jas365]

Why not attend a meeting and ask ?

I thought the scg meetings were a closed shop?

 

[Broken Hearted Sky Blue]

I thought the scg meetings were a closed shop?

A few months ago some on it wanted it to be but now they want to be friends again

 

[SkyBlueSid]

The owner and certain directors have enough wealth to operate their own scheme and recoup the outlay monthly ,would certainly help to push a few more St's .

Maybe like other lenders those stipulations around loans and repayment around Dec/Jan time are a bit of a turn off,especially when you're so involved.

What good would that do? They would still require a Consumer Credit Licence if they did that.

 

[shmmeee]

What good would that do? They would still require a Consumer Credit Licence if they did that.

Only if they did it as a loan.

If they used My idea of tiered subscription pricing and either used electronic cards or sent tickets out in small batches, if someone cancels their subscription you cancel their ticket. Or work it like a gym where you have a 12 month contract.

Or does that still need a credit licence?

 

[shmmeee]

On another note: would it be worth this forum having a rep on the SCG? I could bring along an iPad so hill83 can still express himself in GIF form.

 

[ccfcway]

Hire out the jag hall on matchday.

Set up a few food stalls and a run a mini beer festival 12-7 every home game. Big projector showing the early kick off, face painting for the kids, even a concession stand to sell merchandise.

watch the f+b monies role in.

 

[shmmeee]

Isn't there a social club nearby the club can buy out? Some kind of supporters club could do all the things mentioned and run all days and outside of ACLs plans for the hall.

 

[oldskyblue58]

how about signing a long lease at the Ricoh and then building their own social venue to cater for events, bars, small conferences etc next to it? On the Leisure land site that's available.

Get Turnover, Revenue and asset value not to mention a place for CCFC fans to be together 365 days of the year

 

[fernandopartridge]

how about signing a long lease at the Ricoh and then building their own social venue to cater for events, bars, small conferences etc next to it? On the Leisure land site that's available.

Get Turnover, Revenue and asset value not to mention a place for CCFC fans to be together 365 days of the year

I'm not ready to commit to you in that way yet no matter how good your financial analyses are