Club aims to raise £35m from bond (28 Viewers)

[Terry Gibson's perm]

The position to negotiate might be moot. It appears that ACL/Wasps could cut us loose at the end of the season and we will have no control of it.

Wasps don't fall under the jurisdiction of the FL or the FA, and no-one at CCC cares nor can do anything anyway.

What then........?

No idea to be honest I guess they go back to Northampton or depending on the league Nuneaton Town.

 

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[torchomatic]

A double "don't worry". Lucas guaranteed that the Wasps move wouldn't have a negative affect on CCFC or CRFC.

Phew, etc.

I wouldn't worry, wasps promised they wouldn't do anything that would be detrimental to CCFC or CRFC.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

 

[Deleted member 5849]

No idea to be honest I guess they go back to Northampton.

That'd be nice...

Would also, worryingly, open up the possibility of a permanent move elsewhere. No ground of their own, and the city council says no land available in the city.

Glasgow's nice:thinking about:

 

[SkyBlue_Bear83]

understand that NW and the background is important but unless there is a CCFC proper plan to go forward financially, that we can buy in to, then it wont actually matter. Whilst we seem to spend a lot of energy on here over Wasps, CCFC slips further and further towards financial oblivion. Somebody tell me how CCFC gets out of ever dwindling income which impacts on the ability to afford what we have and it seems doesn't meet the commercial levels expected by our landlords, who may choose to cut the deal in 1 or 3 years time. I do not see how it works in the present set up even if we stay in L1 to be honest. Where does the impetus come from to succeed?

All we need to do is make £5 million in merchandise sales, easy!

 

[Terry Gibson's perm]

The position to negotiate might be moot. It appears that ACL/Wasps could cut us loose at the end of the season and we will have no control of it.

Wasps don't fall under the jurisdiction of the FL or the FA, and no-one at CCC cares nor can do anything anyway.

What then........?

I would expect them to get rid of us as they will be awash with cash then and can play whenever they want and do things like take out seats to put in standing (not sure if the ground can do this).

 

[Terry Gibson's perm]

That'd be nice...

Would also, worryingly, open up the possibility of a permanent move elsewhere. No ground of their own, and the city council says no land available in the city.

Glasgow's nice:thinking about:

Or Belfast

 

[SkyBlue_Bear83]

The position to negotiate might be moot. It appears that ACL/Wasps could cut us loose at the end of the season and we will have no control of it.

Wasps don't fall under the jurisdiction of the FL or the FA, and no-one at CCC cares nor can do anything anyway.

What then........?

But Wasps say they want us there.

They won't cut us out as long as it is a deal that suits Wasps, seeing as we don't have much choice on stadiums Wasps hold all the cards in negotiations. Such a bad situation for us

 

[SkyBlue_Bear83]

“It’s been something we’ve been working on since the original purchase of the Arena back in October,” said Armstrong.

So apparently they planned to do this from the beginning, so when the CCC loan was renegotiated to 20 years or what ever it was were they aware then that Wasps planned to pay it off early by loaning more money?

 

[Broken Hearted Sky Blue]

No idea to be honest I guess they go back to Northampton or depending on the league Nuneaton Town.

I do miss that hill.

 

[Ian1779]

I do miss that hill.

So if we are turfed out.. does that mean everyone will go this time?

 

[chiefdave]

So if we are turfed out.. does that mean everyone will go this time?

Personally I would follow the club to pretty much anywhere if there was a valid reason behind it.

 

[Deleted member 5849]

Personally I would follow the club to pretty much anywhere if there was a valid reason behind it.

The thing is though... they're not likely to present it as throwing us out, are they.

 

[SkyBlue_Bear83]

Personally I would follow the club to pretty much anywhere if there was a valid reason behind it.

Not for me, I'd probably become an armchair/neutral follower of football

 

[Nick]

The thing is though... they're not likely to present it as throwing us out, are they.

No, it would be spun against the club so they were the goodies.

We offered the club this deal but they rejected it*

*The deal was 4 million a year with no revenue, but we wont mention that, ccfc bad bad BOOOOOOO

 

[SkyBlue_Bear83]

The thing is though... they're not likely to present it as throwing us out, are they.

Can picture the scenario now

Wasps 'We wanted CCFC to stay, CCFC walked away from the Ricoh' (whilst declining to mention that they wanted them to stay on the basis that the rent is jacked up 10x and we no longer get a share of match day revenues)

Then everyone goes crazy and blames Fisher

 

[Ian1779]

The thing is though... they're not likely to present it as throwing us out, are they.

Which means they can take us for whatever they want. Made worse by the fact that there will be plenty of people that will say it's because SISU won't pay the asking rate - even if that is say.... £1.3m pa with no revenue access.

 

[Terry Gibson's perm]

So if we are turfed out.. does that mean everyone will go this time?

I guess as it is slightly different than last time but not Northampton for me, everything will point back to Rushden if it's still there but more permanent this time. I would rather look at the old Hinckley United ground.

 

[Deleted member 5849]

I guess as it is slightly different than last time but not Northampton for me, everything will point back to Rushden if it's still there but more permanent this time. I would rather look at the old Hinckley United ground.

Rushden is being converted to a shopping centre.

 

[Terry Gibson's perm]

Rushden is being converted to a shopping centre.

Ok ta, not somewhere I go very often

 

[Terry Gibson's perm]

Can picture the scenario now

Wasps 'We wanted CCFC to stay, CCFC walked away from the Ricoh' (whilst declining to mention that they wanted them to stay on the basis that the rent is jacked up 10x and we no longer get a share of match day revenues)

Then everyone goes crazy and blames Fisher

The option is the club then takes out an add in the Wasps evening telegraph and puts the contract in there for the fans to see.

 

[Ian1779]

Rushden is being converted to a shopping centre.

I know... seems ridiculous when they are building another shopping complex less than 2 miles away from it.

Someone should buy it and convert it to a soccer centre (a la Goals)

 

[Ian1779]

The option is the club then takes out an add in the Wasps evening telegraph and puts the contract in there for the fans to see.

As if the CET would publish it... conflict of interests and all..

 

[SkyBlue_Bear83]

The option is the club then takes out an add in the Wasps evening telegraph and puts the contract in there for the fans to see.

Commercial confidentiality, seems to be the accepted excuse when people want to hide facts from the fans.

 

[skybluetony176]

I thought it was just SISU that is milking clubs, taking money out etc etc.

Imagine if she publicly asked people for some money to pay herself back.

What's the betting she's watching this with interest and if it works she'll be doing it next?

 

[Broken Hearted Sky Blue]

So if we are turfed out.. does that mean everyone will go this time?

No my friend that would be the final nail just before the coffin is lowered, we all throw a handfull of soil on it, shed a tear turn our backs and walk away.

 

[skybluetony176]

That is not a good sign off to Northampton we go either that or Tim needs to get some builders in sharpish!

Could explain the sudden rush to speak to RBC.

 

[Deleted member 5849]

No my friend that would be the final nail just before the coffin is lowered, we all throw a handfull of soil on it, shed a tear turn our backs and walk away.

Might be...

I can't see, realistically, how or why a club with no ground and no prospect of one would be kept going by ruthless investors, given that scenario anyway.

Must be touch and go as it is!

 

[Broken Hearted Sky Blue]

What's the betting she's watching this with interest and if it works she'll be doing it next?

Listen if it was cast iron she'd go I'd put in a couple of thousand no interest and she can keep the money

 

[Broken Hearted Sky Blue]

Might be...

I can't see, realistically, how or why a club with no ground and no prospect of one would be kept going by ruthless investors, given that scenario anyway.

Must be touch and go as it is!

As I said on another thread I think Northern I have a bad feeling about us.

 

[Broken Hearted Sky Blue]

Could explain the sudden rush to speak to RBC.

Fisher knew about this just after Wasps took over.

 

[Deleted member 5849]

As I said on another thread I think Northern I have a bad feeling about us.

Next season should be OK... if for nothing else it's worth hanging on to see how Wasps plays out.

The problem is indeed if Wasps force the issue and stop us from being able to hang on.

 

[SkyBlue_Bear83]

Next season should be OK... if for nothing else it's worth hanging on to see how Wasps plays out.

The problem is indeed if Wasps force the issue and stop us from being able to hang on.

Even is Wasps allow us to stay on, nothing will change. It will just be the same crap as now and I can't see how that will ever change.

 

[skybluetony176]

"Otium Entertainment Group Limited has executed a licence with a four year term, commencing 21 August 2014 for Coventry City Football Club to play professional football matches at the Arena. There is a break clause in favour of ACL exercisable in 2016."

I know this is a thread about Wasps raising funds. But is anyone concerned about where this one highlighted sentence leaves CCFC?

Not necessarily a question to OSB but could this be a backdrop for a hostile takeover of CCFC? What would SISU's other options be? Build anew? Keep funding losses back at Sixfields while try to work out A) WTF just happened and B) WTF do we do now?

 

[Broken Hearted Sky Blue]

Next season should be OK... if for nothing else it's worth hanging on to see how Wasps plays out.

The problem is indeed if Wasps force the issue and stop us from being able to hang on.

Nortern as from saturday gone where will they get the money to keep the club going till August,if people are telling the truth which I dont doubt ST sales will go through the floor so they wont be able to rely on that cash:thinking about::facepalm:

 

[skybluetony176]

So if we are turfed out.. does that mean everyone will go this time?

Under these circumstances we would really be homeless so unlike last time when we wasn't I wouldn't have any qualms about going. Just the opposite. I'd see it as my duty.