Buy the club (13 Viewers)

[chinamans view]

Im beginning to think it would be pointless anybody buying this club you are all so negative in your ways, I hope Tm does not think the same.
Lets get some positive support for this great club.

 

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[italiahorse]

How about Sisu give the club to the supporters for £1 in recognition of all the wasted years they have given us.
Would we build a new stadium or stay at the Ricoh ?
I suspect the answer is 100% yes for staying at the Ricoh so why can't Sisu see this ?

 

[Samo]

Im beginning to think it would be pointless anybody buying this club you are all so negative in your ways, I hope Tm does not think the same.
Lets get some positive support for this great club.

Yes you are right. But not because of our negativity, because the council sold our future to a London rugby club.

 

[Esoterica]

How about Sisu give the club to the supporters for £1 in recognition of all the wasted years they have given us.
Would we build a new stadium or stay at the Ricoh ?
I suspect the answer is 100% yes for staying at the Ricoh so why can't Sisu see this ?

I've had to read nearly 7000 of your posts. I think you should give a pound to all of us too!

 

[italiahorse]

I've had to read nearly 7000 of your posts. I think you should give a pound to all of us too!

Read and learn my boy !!
I'm a lightweight compared to some on here as I restrict my posts to being 100% factual

 

[SkyBlue_Bear83]

Would we build a new stadium or stay at the Ricoh ?

Well that would be entirely dependent on what deal ACL offered us to stay at the Ricoh wouldn't it.

 

[letsallsingtogether]

Im beginning to think it would be pointless anybody buying this club you are all so negative in your ways, I hope Tm does not think the same.
Lets get some positive support for this great club.

It is the owners most of us are negative about.....
Nothing new in football nothing new at this club.
Having our owners become more truthful and put their cards on the table could change the way we feel, but I doubt that will happen any time soon.


PUSB

 

[stevefloyd]

Its because we want the best for our club and by the very nature we are humans and we love to moan

 

[Otis]

Do't worry, cos a really rich billionaire is going to buy Wasps and the Sky Blues and we will be one of the richest clubs in the whole of the West Midlands.

 

[Otis]

Its because we want the best for our club and by the very nature we are humans and we love to moan

Doesn't help when you marry mad Russians either.

 

[robbiethemole]

Do't worry, cos a really rich billionaire is going to buy Wasps and the Sky Blues and we will be one of the richest clubs in the whole of the West Midlands.

Well, going by the news this morning W**ps have taken a massive step to being one of the richest Rugby clubs in the world as the £35m bond issue has been oversubscribed.

Best case scenario for us may still be a takeover by them and becoming a combined sporting club with all income going to a new regime.

I suppose most on here would still whinge about the Rugby club's involvement and would still boycott going to watch CCFC. and no, I don't go to W**ps games.

 

[Terry Gibson's perm]

I think that I would arrange a deal to stay at the Ricoh but would start looking properly for a new site (something like what the owners are doing now apart from looking properly).

 

[stupot07]

Well, going by the news this morning W**ps have taken a massive step to being one of the richest Rugby clubs in the world as the £35m bond issue has been oversubscribed.

Best case scenario for us may still be a takeover by them and becoming a combined sporting club with all income going to a new regime.

I suppose most on here would still whinge about the Rugby club's involvement and would still boycott going to watch CCFC. and no, I don't go to W**ps games.

Wasps aren't going to buy us. And when you say they are now the richest rugby club in world because the bonds have been oversubscribed, did you really mean the most debt ridden? They do after all, have to pay it all back in 7 years plus 6.5% interest.


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[robbiethemole]

Wasps aren't going to buy us. And when you say they are now the richest rugby club in world because the bonds have been oversubscribed, did you really mean the most debt ridden? They do after all, have to pay it all back in 7 years plus 6.5% interest.

I haven't said they're the richest club, but bbc news have, so maybe they have it wrong?? I know Richardson said no takeover when they came in but times change. Which is the most UNLIKELY scenario then.................... a Wasps buy-out or the new SISU Stadium??


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[Terry Gibson's perm]

Shockingly I would go for the new stadium as they seem to have no desire to own us and the last owner I wouldn't want would be called Richardson we have had one of them already and look where we are now.

 

[stupot07]

Shockingly I would go for the new stadium as they seem to have no desire to own us and the last owner I wouldn't want would be called Richardson we have had one of them already and look where we are now.

Agreed.


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[ajsccfc]

Im beginning to think it would be pointless anybody buying this club you are all so negative in your ways, I hope Tm does not think the same.
Lets get some positive support for this great club.

I agree. The real sticking point for any investor would be when they log on to a website and see people not being happy about finding their club inching towards the fourth division.

 

[torchomatic]

Interesting how they are described as "Coventry based".

Well, going by the news this morning W**ps have taken a massive step to being one of the richest Rugby clubs in the world as the £35m bond issue has been oversubscribed.

Best case scenario for us may still be a takeover by them and becoming a combined sporting club with all income going to a new regime.

I suppose most on here would still whinge about the Rugby club's involvement and would still boycott going to watch CCFC. and no, I don't go to W**ps games.

 

[torchomatic]

I genuinely believe that even if SISU left tomorrow any new owner would come to the conclusion that our future is away from the Ricoh.

Shockingly I would go for the new stadium as they seem to have no desire to own us and the last owner I wouldn't want would be called Richardson we have had one of them already and look where we are now.

 

[Astute]

I agree. The real sticking point for any investor would be when they log on to a website and see people not being happy about finding their club inching towards the fourth division.

Change of plan everyone. We are now to be happy that we are heading towards Division 4 and celebrate it. Then a billionaire will come along and buy us.

 

[ajsccfc]

'Wasps' isn't a swear word here is it?

 

[olderskyblue]

It's odd really, so much anger against them, especially from some who "know that SISU have some blame" yet have never vented the same anger against SISU...

 

[italiahorse]

I genuinely believe that even if SISU left tomorrow any new owner would come to the conclusion that our future is away from the Ricoh.

As was said earlier, it depends on what long term deal we can get at the Ricoh.
I suspect Wasps are just going through the motions at the moment with SISU planning a new stadium.

Start negotiating and stop messing about. We can't afford a new stadium and we know fans won't travel out of Coventry.
£100K in L1, £400K in the Championship and £1.2M in PL (Plus match day costs and 50% of match day profits) would be a good starting point.

 

[Astute]

Well, going by the news this morning W**ps have taken a massive step to being one of the richest Rugby clubs in the world as the £35m bond issue has been oversubscribed.

Best case scenario for us may still be a takeover by them and becoming a combined sporting club with all income going to a new regime.

I suppose most on here would still whinge about the Rugby club's involvement and would still boycott going to watch CCFC. and no, I don't go to W**ps games.

Now they can pay CCC the 14m plus and give Richardson his 10m plus back. So this leaves about 10m. Richardson said they were taking a bit extra so they had the first few interest payments already. But they are paying interest on this :thinking about: So does this mean that about another 4m is spoken for?

So they now have to pay over 2m a year in interest and then find 35m in 7 years. So in the next 7 years they have to pay back over 50m They have been giving away lots of tickets in the hope of getting people hooked. But giving away tickets doesn't mean getting new supporters. If they did we would give away 10k a week.

If being in debt makes you rich I will cheer the wife up. She wants a big seafront house around the corner from us that has just come up for sale. We have no debt at all other than a credit card I pay off each month. So we are poor. But if we buy the house she wants we will need a mortgage of about 100k. By the sound of it that will make us rich

 

[italiahorse]

I agree. The real sticking point for any investor would be when they log on to a website and see people not being happy about finding their club inching towards the fourth division.

An investor would have more sense than to take the views of a dozen fans on this website bantering in high finance.
Sisu, put us on the market for what we are worth and see what happens !!

 

[chiefdave]

Shockingly I would go for the new stadium as they seem to have no desire to own us and the last owner I wouldn't want would be called Richardson we have had one of them already and look where we are now.

Do we really want to have owners who will load any available asset with huge debt to pay themselves and happily move us 100 miles away?

Start negotiating and stop messing about. We can't afford a new stadium and we know fans won't travel out of Coventry.
£100K in L1, £400K in the Championship and £1.2M in PL (Plus match day costs and 50% of match day profits) would be a good starting point.

I'm not sure I'd be looking to move back to the £1.2m a year rent. If Wasps can offer us rent of £100K why should we pay more for being successful? I also think we need as an absolute minimum every penny CCFC generates at the Ricoh. Including our fair share of things such as naming rights.

 

[Astute]

Do we really want to have owners who will load any available asset with huge debt to pay themselves and happily move us 100 miles away?



I'm not sure I'd be looking to move back to the £1.2m a year rent. If Wasps can offer us rent of £100K why should we pay more for being successful? I also think we need as an absolute minimum every penny CCFC generates at the Ricoh. Including our fair share of things such as naming rights.

No chance of the naming rights. This was lost when SISU didn't take on the arena. Wasps have paid for this.....well kind of.

 

[olderskyblue]

I also think we need as an absolute minimum every penny CCFC generates at the Ricoh. Including our fair share of things such as naming rights.

Absolute minimum? What would be your maximum chief?

 

[chiefdave]

Absolute minimum? What would be your maximum chief?

I think the best we can hope for now is 50 / 50 ownership with Wasps keeping all income from rugby and us keeping all income from football.

Anything less than receiving the money we generate puts us behind every other club. Even if we receive that we are still somewhat behind as other clubs receive non-matchday income but the impact wouldn't be so severe if we were getting all the money the football club generated.

 

[chiefdave]

No chance of the naming rights. This was lost when SISU didn't take on the arena. Wasps have paid for this.....well kind of.

Wasps have stated on more than one occasion that they don't need us to remain at the Ricoh. Therefore they don't need the revenue we generate. Does it not therefore follow that they could give us access to that revenue?

 

[Astute]

I think the best we can hope for now is 50 / 50 ownership with Wasps keeping all income from rugby and us keeping all income from football.

Anything less than receiving the money we generate puts us behind every other club. Even if we receive that we are still somewhat behind as other clubs receive non-matchday income but the impact wouldn't be so severe if we were getting all the money the football club generated.

This is where the contradictions come into it though.

When we left the arena to go to Northampton it started to make a loss without the rent. Just about all of us agree on this from the evidence we have seen. The income generated comes from us playing there. And there will be even more income as Wasps play there. The non match day revenues just go towards the running costs. Otherwise the arena would have been making money without us and not reliant on the rent. And Wasps are not going to want us there if it costs them money. They want us there to help pay the costs.

 

[rupert_bear]

I still believe there is a way to go yet in this saga and the football club having a share in the Ricoh isn't beyond the relms of possibility, but i doubt if that will happen while sisu own us, apparently this bond issue was oversubscribed so who knows who has subscribed, i think there's a lot of water to go under the bridge yet on this.

 

[Astute]

I still believe there is a way to go yet in this saga and the football club having a share in the Ricoh isn't beyond the relms of possibility, but i doubt if that will happen while sisu own us, apparently this bond issue was oversubscribed so who knows who has subscribed, i think there's a lot of water to go under the bridge yet on this.

The SISU investors have paid for a 50% stake in the bonds for the Ricoh

 

[Sick Boy]

If I was an investor and read this forum i'd steer well clear. If a set of fans can embrace a franchise rugby club moving into their stadium, what does it say about their passion for the club?

 

[Broken Hearted Sky Blue]

Doesn't help when you marry mad Russians either.

I got rid of my mad Russian