Ricoh Open Day ... This is how to do it. (38 Viewers)
- Thread starter italiahorse
- Start date
Broken Hearted Sky Blue
Well-Known Member
Wingy my old mate Northampton killed whatever fight was left in the fans,there is none left,this was proved at the pathetic turnout at the council house. I can't be bothered anymore I'll still go to the games because that's what I've done most of my life,very little enthusiasm its just a habit. They are not going to let go till they have destroyed us they have never listened always knew best even when they were told what would happen theyre still not listening. Each time they've come up with one of they're hair brained schemes they have lost fans in their thousands who in their right mind would invest in us and who would come forward that we could get behind? And Wingy who would get behind them there are not many left?
letsallsingtogether
Well-Known Member
Too true I want bother any more ether.
Funny how those that are shouting the loudest did nothing?
Well its time they did their bit or just take it as it is....
I will just keep watching the football until I've had enough who knows after that?
Brighton Sky Blue
Well-Known Member
Are they though BSB ,remember Fishers Chinese wall ?
Doesn't It just accentuate the remoteness ,inability ,redundant role he occupies where he is only able to communicate/Negotiate via the
boardroom ,SCG ,SDG.
An extremely small sphere, of no influence to the Club ,only the outside aims of whatever he and ARVO wish to achieve for themselves .
For me none of that aligns to benefitting the Club .
I can't believe he's getting such an easy ride for his failing while everyone focus's on the other party.
May have something to do with the ploy of making a conditional offer on something they knew they couldn't get ,said they didn't want and
most likely couldn't afford, producing very little benefit to the club while the owners Flipped the asset .JMO.
What I meant by that Wingy was that as SISU control the club anything the club does will have gone through them in one way or another and negotiations of any kind with Wasps will be no different. Think they have been blown out of the water hence the silence as they really have no idea what to do next. CCFC do not operate independently of SISU, indeed they cannot, so what the Wasps PR man was saying wasn't entirely accurate.
italiahorse
Well-Known Member
I've had enough already but I bought a season ticket.
Six months for Sisu to sort out then probably match by match after that..... probably.
Brighton Sky Blue
Well-Known Member
ccfcway
Well-Known Member
No one's listening ............Wummer!!
it was only posted 21 mins ago
italiahorse
Well-Known Member
Just had the impression Sisu sitting back and letting the club get on with it, but it's only an impression from the conversation.
Moff
Well-Known Member
Good post BHSB.
In response to your line about them not letting go until they have destroyed us, I am interested to know why you think that? I have no idea what SISU's game plan is, and cant honestly understand why they are still here, and are surprised they still are, but what would they gain from seeing us going to the wall or am I missing something?
(I am not disagreeing with what you wrote its just I am interested in what people think will happen as I haven't a clue in what is needed to get rid of them)
Brighton Sky Blue
Well-Known Member
Use CCFC as a dumping ground for debts from other parts of the portfolio?
Broken Hearted Sky Blue
Well-Known Member
It's because they think they are right,we told them if you go to Northampton you will not get the numbers you're talking about they still did it and what happened? We told them we'll help you with the council didn't listen what happened? We said even if you go back to the Ricoh you wont get the numbers you did before what happened? We said stop talking about this new stadium outside Coventry they didn't and haven't we told them what will happen if by some miracle they build it. They do everything they can to alienate the fans what do you think they want to do with the club?
letsallsingtogether
Well-Known Member
I'll give it you as momento if you want no good to me any more.Where will the whistle go next?
Then again it may end up in the Herbert Art Gallery next year.
Look out for it.
SkyBlue_Bear83
Well-Known Member
Probably just means he's been talking to Fisher and Waggot and not Sepalla or SISU directly, obviously Fisher and Waggot are just carrying out the SISU masterplan on orders so may as well be SISU.
The Gentleman
Well-Known Member
Fucking hell Nick, 11 pages upto your post of how many people knocking Italia and 1 post comes along and you come out with that shit, have a day off.
Moff
Well-Known Member
I seriously have no idea why they are still here so have absolutely no clue of what they want to do with the club, and I suspect after all the complete mess they have made of it they have no idea what to do either.
Neither Fisher nor Seppala seem to have a long term strategy and still dont seem to understand how a club works, and how the fans tick. No success coupled with crap football leads to less fans and a total erosion of their customer base. I honestly think like with Sixfields that Fisher once again has underestimated the mood of the fans, and this time their is no coming home to appease the fans.
Hopefully when the penny drops they will go, but I suspect that's more wishful thinking on my part. The only thing that keeps me optimistic is knowing they wont be here forever, but I am not sure how long forever will be!
MichaelCCFC
New Member
Moff, I think the question is why would sisu leave? They are not incurring further losses, they get an occasional windfall from selling young players and are no longer under any pressure from protests, questions in parliament, national media stories etc, and no one is going to offer more than a token payment to buy the club. So why would they walk away from something that incurs no losses and gets an occasional windfall - it's easy money!
italiahorse
Well-Known Member
Quoting Jeremy Wilton
Lease at Wycombe finishes end of this season and uncertainty of continuation.
Land availability in London area would mean a 10 year delay for Green field sites.
Sustainable future. Only 3 clubs currently make profit.
Wasps will now have the highest turnover in Premiership.
italiahorse
Well-Known Member
It's a PL stadium and that's where I want to be.
Renting is all we can afford be it off ACL or SISU thanks to previous regimes.
italiahorse
Well-Known Member
oldskyblue58
CCFC Finance Director
I keep seeing mentioned that the set up at the Ricoh means that ACL/IEC get 77% of the turnover and Compass get the rest (23%). This is simply incorrect and wrong.
IEC get 100% of the turnover from operating the stadium exhibitions, events, conferences, hospitality & F&B's etc. In the 2013 accounts that was £9m. Total turnover excluding any transactions between ACL and IEC of the ACL group in 2013 was 14.4m. ACL receives the lease incomes in the main
Compass have a minority interest in the shares of IEC which entitles them to a 23% share of the IEC assets & liabilities. Turnover is neither an asset nor liability.
IEC has an initial 15 year contract with ACL to supply hospitality, catering and facilities management starting from April 2012.
Compass Contract Services (UK) Ltd own 23% of IEC and supply all the staffing needs aside from a small group of employees (18 or so) who are directly employed by ACL. The supply of staff is where Compass make their money in this arrangement, because until IEC pays out a dividend the 23% shareholding earns them no income but may provide an asset.
The £4m Compass paid IEC to purchase the shares was used by IEC to purchase the 15 year operational rights of the stadium from ACL. ACL then used that money to help finance capital improvements at the stadium.
Wasps because they own ACL 100% also control IEC as they can not be out voted on ordinary or special or extraordinary resolutions. There are rights for minority shareholdings but in reality Wasps can do what they want in terms of control.
This assumes no changes were negotiated with Compass by the Wasps deal - there is nothing to suggest any were
IEC get 100% of the turnover from operating the stadium exhibitions, events, conferences, hospitality & F&B's etc. In the 2013 accounts that was £9m. Total turnover excluding any transactions between ACL and IEC of the ACL group in 2013 was 14.4m. ACL receives the lease incomes in the main
Compass have a minority interest in the shares of IEC which entitles them to a 23% share of the IEC assets & liabilities. Turnover is neither an asset nor liability.
IEC has an initial 15 year contract with ACL to supply hospitality, catering and facilities management starting from April 2012.
Compass Contract Services (UK) Ltd own 23% of IEC and supply all the staffing needs aside from a small group of employees (18 or so) who are directly employed by ACL. The supply of staff is where Compass make their money in this arrangement, because until IEC pays out a dividend the 23% shareholding earns them no income but may provide an asset.
The £4m Compass paid IEC to purchase the shares was used by IEC to purchase the 15 year operational rights of the stadium from ACL. ACL then used that money to help finance capital improvements at the stadium.
Wasps because they own ACL 100% also control IEC as they can not be out voted on ordinary or special or extraordinary resolutions. There are rights for minority shareholdings but in reality Wasps can do what they want in terms of control.
This assumes no changes were negotiated with Compass by the Wasps deal - there is nothing to suggest any were
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Moff
Well-Known Member
Based on your reply to my earlier post Michael, my next question is, is it too early in the morning for a large alcoholic drink to try to forget the possibility of the above!
SkyBlue_Bear83
Well-Known Member
But how does renting the Ricoh help achieve our ambition to be in the premier league? Not saying building a new stadium will fulfill that goal either, like I said before we're stuck with two shitty options now.
If I have an ambition to be rich, I won't get rich if I keep going out renting expensive cars, and running up debts I can't afford.
italiahorse
Well-Known Member
Did TF say we are breaking even now ?
If that's the case, start performing increase crowds and generate a profit.
SkyBlue_Bear83
Well-Known Member
Then what? He also said the current model would fall apart in the championship, assuming that is because the increase in costs that would be needed to keep us in the championship would be too great.
italiahorse
Well-Known Member
Wish he would lay it out in black and white why that is the case and perhaps we could support him.
I still believe its Sisu spin and crowds of 20,000 with good access to football generated revenues would get us through.
covcity4life
Well-Known Member
further proof that italiahorse hates sisu more than he loves ccfc
italiahorse
Well-Known Member
I'll give everybody one chance. Sisu fluffed it.
Grendel
Well-Known Member
Did you get a free ticket for the Sale match when you purchased your ticket?
Broken Hearted Sky Blue
Well-Known Member
Why are you bothered you don't like rugby?
italiahorse
Well-Known Member
Nope ..... and you ?
Brighton Sky Blue
Well-Known Member
Remember seeing a one of the answers in a Trust Q+A read as though the turnover was 80/20 split but happy to have been corrected.
Grendel
Well-Known Member
Its an offer that is being promoted. You will probably be the only bloke in the ground who either isn't on a freebie or in one for the next game.
Must have seen you coming.
italiahorse
Well-Known Member
I support at full price.
Just like my CCFC tickets. I take it you are a season ticket holder this year ?