italiahorse
Well-Known Member
So you have seen the new stadium justification and how much better it is ?
New stadium - Okay, let's just suppose for a moment (13 Viewers)
- Thread starter Otis
- Start date
So you have seen the new stadium justification and how much better it is ?
SkyBlue_Bear83
Well-Known Member
No, I've consistently said it looks like we're fucked either way.
skybluetony176
Well-Known Member
The club has changed alot since we were last in the championship. The wage bill is a fraction of what it was as is the rent so I'm not sure how you can use this to back it up.
Personally I wouldn't. But I'd take a yo yo club while SISU are here. Especially if the windfall of championship football started paying off some debt. That's about the best we can expect while they're here.
stupot07
Well-Known Member
Haven't you kind of answered your own question.
Wage bill is a lot lower = less quality = lower league position = more likely to get relegated
Whilst competing against teams with larger turnovers, bigger wage budgets, and teams willing to invest/lose up to £39m over 3 years...
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skybluetony176
Well-Known Member
Haven't you kind of answered your own question.
Wage bill is a lot lower = less quality = lower league position = more likely to get relegated
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
I wonder how Bournemouth's budget compares to the rest of the championship?
Cheshire Sky Blue
New Member
Well that just takes the fucking biscuit. Are yo so blind and bigoted not even to recognise that whilst CCC are not clean in this fiasco, it your friggin mates at SISU who have masterminded the current downfall. No one else.
SkyBlue_Bear83
Well-Known Member
The graph shows our revenue, which was in the lowest 4 when we were relegated. Unrelated to our outgoings in wages or rent. It won't have changed, if we go up we will still have one of the lowest revenues in the league.
Yes being a yo yo club is about the best we can hope for
Cheshire Sky Blue
New Member
The debt will never ever go down whilst SISU are in charge. It will only ever grow. That's the model they have established. It is clear they have no desire to make the club great again, only milk it for as long as they can.
SkyBlue_Bear83
Well-Known Member
Probably not as much as others but that's a perfect example of what we can't do, if we have a go and it doesn't come off then we just end up with a pile more debt to SISU.
http://www.bbc.co.uk/sport/0/football/27224806
[h=1]AFC Bournemouth post £15.3m loss for 2012-13[/h]
Paxman II
Well-Known Member
As to the original question....
I think if we did build a new Sky Blues stadium within the catchment area, be it a few miles outside the officially city boundary then I think we will see no change in support what so ever.
Consulting with fans would merely see a sheep capacity to say "we want it IN Coventry" reply across the board. Of course most fans would say that but I remember when the Ricoh was rumoured and then under construction and then built we had fans saying it was way too far out and no one would attend out there etc etc. Turns out it's a brilliant location and yes some of those fans still complain about where it is.
It depends what side of the city boundaries you are I suppose. Frankly anywhere that's no worse for example than an out of town boundary placed shopping centre will make no difference. Of course fans will go and watch their beloved Sky Blues. It's like saying if you stuck it in Exhall you would expect less attendees? that's rubbish. I don't quantify my City as having to define a boundary for the purpose of a football team needing a stadium, so long as it's obviously within a strong catchment area and a clear affinity with the city.
West Ham are going to the Olympic stadium and I don't hear too many complaints? they won't even own it and will pay £6m a year rent! If they fail to stay in the top flight they too will be buggered good and proper.
Lets just say it was built at the airport site. Would you still attend?
I think if we did build a new Sky Blues stadium within the catchment area, be it a few miles outside the officially city boundary then I think we will see no change in support what so ever.
Consulting with fans would merely see a sheep capacity to say "we want it IN Coventry" reply across the board. Of course most fans would say that but I remember when the Ricoh was rumoured and then under construction and then built we had fans saying it was way too far out and no one would attend out there etc etc. Turns out it's a brilliant location and yes some of those fans still complain about where it is.
It depends what side of the city boundaries you are I suppose. Frankly anywhere that's no worse for example than an out of town boundary placed shopping centre will make no difference. Of course fans will go and watch their beloved Sky Blues. It's like saying if you stuck it in Exhall you would expect less attendees? that's rubbish. I don't quantify my City as having to define a boundary for the purpose of a football team needing a stadium, so long as it's obviously within a strong catchment area and a clear affinity with the city.
West Ham are going to the Olympic stadium and I don't hear too many complaints? they won't even own it and will pay £6m a year rent! If they fail to stay in the top flight they too will be buggered good and proper.
Lets just say it was built at the airport site. Would you still attend?
skybluetony176
Well-Known Member
That's my worry too.
RegTheDonk
Well-Known Member
Ah ok, happy to be corrected
Does it not depend on the types of stadium and the way they are built though?
Just seems a bit pointless them going and building a 30,000 seater stadium for 12-15k every week doesn't it?
I take your point, having half the place empty, and with SISU's current investment and ambition I can't see us getting out of this division to help increase those gates.
However, we keep hearing about using the place 365 days a year. They reckon its going to be near Cov and it would have to be to try and keep the fanbase. But if its a small set up then why would anybody other than CCFC be interested in using it - particularly when you've got the Ricoh next to the motorway and with a railway station supposedly being built, you've got the NEC up the road. Can't see many exhibitors, concerts etc. being held at some unambitious 12-15K venue.
People here keep saying ACL didn't make much, and that's with a 30K+ venue. I wouldn't imagine a small set up would make anything like the amount needed to pay for the thing.
(edit) just to add, SISU reckon they've pumped millions in - or loaned the club millions, whatever. To make their money back you gotta THINK BIG surely? Who's going to buy 3rd tier CCFC with their 15K stadium for 60million or whatever the debt is they'll eventually run up.
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The Reverend Skyblue
Well-Known Member
West Ham fans in the majority I can assure you are livid about moving to the Olympic stadium, my wife's four brothers go regular and they say the feeling of moving is they are dreading it
I agree though that they will be absolutely buggered if they get relegated, though the owners would do everything they could to prevent that, unlike ours who strangely seemed to welcome it.
I stand by my opinion that a 10,000 stadium would do easily for the next decade ,going on who I know and from comments on forums
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A couple of points ...
The huge debt is with SBS&L - not with Otium (the club). The current debt level is around $12m which is just about manageable, but if interests are being paid (actually paid out, not accrued) then it leaves nothing to invest in the team. We definitely need more revenue.
Second - how exactly are sisu milking the club by increasing the debt (loans)? (I have a feeling you will say something like 'management fee's').
SkyBlue_Bear83
Well-Known Member
West Ham are paying 2-2.5 million a year in rent apparently but they get all security, police, stewarding and ground maintenance provided for them which is claimed to be worth 2 million a year.
There sharing naming rights and other stadium income with the LLDC who are the stadium operators.
stupot07
Well-Known Member
http://m.bbc.co.uk/sport/football/27224806
They're backed by someone willing to throw a lot of cash at the club.
Edit: CCFC beat me to it.
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They could build it with retails, bars, cafe's and restaurants around it. The complex can hold offices for rent. There are bands/groups that can attract an audience of 8-10.000 - probably more than bands that can attract an audience of 30.000. In short there are revenues they can have to help pay for the thing and to help the manager with the FFP/salary cap restrictions.
Who would buy a club+stadium for £60m? Nobody if the business is not making a combined profit at around £3m p.a. or the new owner think he can build the business to make a combined profit at around £3m.
bigfatronssba
Well-Known Member
See this is why it doesn't make sense to me, and I have yet to see someone come up with a satisfactory answer.
Why do we need to build a build football ground to host these things? Why not just build a conference centre somewhere? What is the point of spending £30m on a football stadium when the reason for building it has nothing to do with hosting football matches?
Grendel
Well-Known Member
Why didn't wasps just renew the lease with Wycombe?
bigfatronssba
Well-Known Member
Gynnsthetonic
Well-Known Member
I want the supposed new stadium in Coventry and not a metre outside that's why we are called Coventry City, near to the city centre as poss with a shit load of boozers in the vicinity, like a proper football ground should be, what is stopping SISU to apply with CCC for planning permission on any available land.
Because only revenue generated in the football stadium complex can count towards FFP.
Broken Hearted Sky Blue
Well-Known Member
Is that why the shop is empty?
I should have said 'non football related revenue' ...
chiefdave
Well-Known Member
Where is there a 60 acre site that meets your requirements?
The RFU salary cap means all the Rugby teams have a limit on total wages, expenses and allowance for the whole team. That makes it a little easier to run your books year in year out as your wages bill is set as the same as all the other teams.
football pitches team against team in a financial tornado of death, spend more to get promoted, rack up debt, fail to get promoted, fail to make rent payments etc
Gynnsthetonic
Well-Known Member
Courtaulds Foleshill Rd, websters brick yard Stoney Stanton Rd I'm sure there's more,if it's not in Coventry its gonna be a white elephant 100%.
italiahorse
Well-Known Member
Why not rent the Ricoh and establish a complex elsewhere to finance the club.
Sis need to get over it and start to plan.
The club shop is an example of how not to run a business, it's full of crap.
Can we expect a complex full of the same ?
italiahorse
Well-Known Member
Those sights have gone, if they were big enough in the first place.
It's green belt or nothing.
Wouldn't work. The revenue could not be included in the FFP calculation.
italiahorse
Well-Known Member
Just get the complex to place a sign in the Ricoh and pay the club a £1M for the pleasure.
Everybody's doing it.
bigfatronssba
Well-Known Member
I'm not sure that is the case. That would open up a whole lot of legal loopholes.
Otis
Well-Known Member
Oooh, what was that? Was it a bird? Was it a plane? No, it was my thread going off on a tangent!
Why can't all this other stuff be discussed on one of the other eleventy billion threads?
All I want to know is what do people think Sisu would do if the stadium location was announced at City fans pretty much universally rejected it?
Would they listen? Ignore? What?
Why can't all this other stuff be discussed on one of the other eleventy billion threads?
All I want to know is what do people think Sisu would do if the stadium location was announced at City fans pretty much universally rejected it?
Would they listen? Ignore? What?