8,700....really ? (2 Viewers)

[Godiva]

If you take out the debt interest charges, management fees and excessive staff charges, the club if dumped without actual debt must be running close to break even now. Costs have been cut to such an extent that a new owner could take over easy as long as not lumbered with SISU's debt legacy. The club would still have a restricted budget due to revenue streams being depleted but with a surge of optimism and increased crowds CCFC should be able to compete at least at this level. New owners might also engage positively with the landlords to investigate the possibility of negotiating access to other revenue activities. Improved marketing and the departure of SISU would also bring back much more local corporate sponsorship opportunities from companies who have seemingly shunned the Mayfair mob.

Management fee's? How many times ...
Ok, I'll play along. How much are these management fee's and who are they paid to?
And while we play, how much money was taken out of the club of the debt interest charges?

Apart from that, if you believe the club could be an attractive acquisition for A.N. Other then it is equally attractive for sisu to keep.

 

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[SkyBlue_Bear83]

SISU are still interested for some reason, and of course we didn't have a stadium when they came in originally. With a lot of debt in the club I can't see anyone else coming in, we just need to wait until SISU's investors call it a day. When that happens I can imagine someone will think it's worth a go.

And I'd counter your point with if SISU are/were the calibre of buyers the club were attracting back then it sort of backs up the point that we are not an attractive prospect to buyers.

We're often scraping around the bottom of the barrel for the leftovers when it comes to players, a club in our situation are the bottom of barrel/leftovers for prospective buyers and thats how we end up with shitheads like SISU in charge.

 

[Sumo the Micky Quinn]

Manhattan Group details:

Dated 7th March 2007, First mention of Manhattan Talks.
http://news.bbc.co.uk/sport2/hi/football/teams/c/coventry_city/6428031.stm

Dated 13th Sept. 2007, PAUL FLETCHER today denied that Coventry City are facing administration.
http://www.coventrytelegraph.net/sport/football/football-news/fletcher-no-administration-3107454

Dated 8th Oct. 2007, Details when Manhattan Pulled out.
http://news.bbc.co.uk/sport2/hi/football/teams/c/coventry_city/7033426.stm

Dated 14th Dec 2007. Coventry saved by late takeover
http://news.bbc.co.uk/sport2/hi/football/teams/c/coventry_city/7139107.stm

 

[Broken Hearted Sky Blue]

I remember that we got a crowd of around 9K for a first game of the season at HR in the mid-90's.

I can remember when we went to Liverpool in the league cup we took 8000 crowd was 23000 if i remember correctly,Chelsea before the big money was put in very poor,look at Stoke before they were promoted to the Premier 11 to 13000.

You're right we used to have crowds of 9000 in the 90s but crowds were going up then as they were everywhere else. When we moved to the Ricoh crowds went up to 22 23000 by the time Sisu came in they had gone down to 17000 and now 7 years later we are down to 8000,what will the crowd be if they stay for another 7 years?

 

[Nick]

It looked busier than usual in the family stand where I was sitting to be fair.

 

[Como]

I do not believe revenue streams have to be from the Ricoh, so buying streams from Wasps may not be the best investment.

The club shop is a revenue stream, might for example be more logical use to stock it and locate it near the Ricoh.

 

[RFC]

I'll be there as normal but those that walked out will be probably be doing something else.

Good to hear, we need to all pull together!

See it as a set back following a couple of good results.

Need to look forward with belief and hope, onwards & upwards. PUSB

 

[RFC]

Exactly what I was thinking mate. The decline in support started approx 7 years ago.

That's rubbish and you know it. Check the average gates at Highfield Road after 1989?

 

[ccfc92]

Good to hear, we need to all pull together!

See it as a set back following a couple of good results.

Need to look forward with belief and hope, onwards & upwards. PUSB

Clearly you don't read posts or understand them....

 

[RFC]

I remember that we got a crowd of around 9K for a first game of the season at HR in the mid-90's.

Made my point in an earlier reply, exactly!

 

[RFC]

It failed because they looked at the books... and actually I think the stadium ownership problems may have been an issue (but may be imposing this memory!)

There were other options too, but point of order, the SISU bid wasn't welcomed by CCC.

In fact, none of the bids were! Including one from Shapiro who wanted a longer lease on the ground.

Glad to penny final drop, Ann Lucas & CCC & her cronies have no right and were not in a position to dictate and decided who potential owners are or who might be and never have been.

 

[Sky Blue Harry H]

Glad to penny final drop, Ann Lucas & CCC & her cronies have no right and were not in a position to dictate and decided who potential owners are or who might be and never have been.

As Eric Morecambe once said to Andre Previn ....'I'm playing all the right notes, but not necessarily in the right order'. Would you like to have another attempt at that (can't believe I'm asking you to post again) RFC ?

 

[bigfatronssba]

That's rubbish and you know it. Check the average gates at Highfield Road after 1989?

Crowds increased every season between 1994 & 2000.

 

[torchomatic]

I absolutely agree. I can't see us recovering even when SISU leave. The selling of the Ricoh for 250 years was really the last thing we - or any future investor - will ever recover from.

I'd love to think that just getting rid of SISU would see things improving but I think the sale of the Ricoh to Wasps was the killer blow, it might take a while to have it's full impact but it's the blow I can't see the club ever recovering from.

 

[SkyBlue_Bear83]

I'd love to think that just getting rid of SISU would see things improving but I think the sale of the Ricoh to Wasps was the killer blow, it might take a while to have it's full impact but it's the blow I can't see the club ever recovering from.

Agree

The one beacon of hope I'd always held onto throughout the whole SISU regime and sixfields and the rest of it is that one day we would have reasonable owners who could unite the club and stadium as was rightfully intended, now that looks out of the picture I've lost hope that ever in my lifetime reaching the heights we once were. And I'm a relatively young person who doesn't even have the memories of the FA Cup and premier league to console myself with so its utterly depressing.

If a new owner came in tomorrow, what could he realistically do to pick up the pieces that have been left behind? Sure he could do this better and that better but it won't dramatically change the state of the club. We could have the most responsible and credible owners in world football and they would struggle to turn us around now unless they threw a shitload of money at the club.

 

[letsallsingtogether]

I absolutely agree. I can't see us recovering even when SISU leave. The selling of the Ricoh for 250 years was really the last thing we - or any future investor - will ever recover from.

So we are fucked then

 

[SkyBlue_Bear83]

So we are fucked then

I think so mate, at least we don't still have to live with the hope. We should embrace our new position in the footballing world. We are now the equivalent size of Barnsley/Doncaster in the footballing world, lets hope we don't drop further.

 

[letsallsingtogether]

I think so mate, at least we don't still have to live with the hope. We should embrace our new position in the footballing world. We are now the equivalent size of Barnsley/Doncaster in the footballing world, lets hope we don't drop further.

Well while we are still in Cov I will still be going up, it is getting very depressing though, I sadly left when the 3rd goal went in on Saturday not many times I have done that in the 40 years or so I have been going up.

You would have thought it was full time had to queue to go through the tunnels into Tesco's.

This has to be the poorest/ laziest team I have seen wear our beloved colours they should hang their heads in shame.

Then again as they say "if you Shop in Poundland."

 

[Como]

Silly things is its not exactly poundland, many are on very good wages.

I remember watching us play Wimbledon I think in the top flight with a crowd under 10k.

 

[phildownunder]

Sad to say I think Chiefdave and Torchy are probably right.