ohitsaidwalker king power
Well-Known Member
Can someone with more financial knowledge than me advise.. if we were run down.. into administration would it effectively write off SISU's overall debt.. thus ridding them of us?
Can someone with more financial knowledge than me advise.. if we were run down.. into administration would it effectively write off SISU's overall debt.. thus ridding them of us?
Thats the problem when u have a rent that one party can't pay, and the other can't live with out it! The Ground was way to expensive, when it was built meaning all parties can not afford to run it that's IF your last statement is correct!
we cant afford £4.2m in a player wages budget either but we are paying it
thx OSB...oh god how I long for the simple life.. like going to a footy match to watch my team play.. win, lose or draw.. instead of all this complicated business speak..
I think you've misunderstood me. Sorry, I probably wasn't clear enough. As I understand it, £250,000 covers the basic matchday costs etc (in the words of CCFC: "we have continued to pay match day costs to ensure that ACL is not left out-of-pocket" and I think there's more info on this figure elsewhere on this website). Are we sure ACL can't do without the rent? They may have to restructure their mortgage with the bank, but ACL has proven itself pretty handy at finding other revenue streams (concerts etc) and if the ground isn't being used for football surely there'd be more opportunities for those types of events. Quite possibly enough to raise more than the zero the club is reportedly not paying in non-basic matchday costs.
maybe i am guessing the football stadium would be knocked down and a new hall built to cater for there needs would be built?? Is that what the people of coventry want???
The club should pay a rent, 1.2 million is not a rent a club in the championship should pay never mind league 1! A top flight club could live on a 1.2 million rent but with no income from match days top flight status would not be kept!
I dont think you can put the total blame on SISU for this, yes not paying the rent is a very dirty and very unaccetable tactic. But 1.2 million a year is a very dirty rent price agreed if Paul Fletcher is believed, knowing that the club would never be able to sustain the rent with out making it back to the top flight, hence Operation premiership!
The whole thing needs restructuring to benefit all parts of the jigsaw!
why are the club and ACl banding around fixed fee figures for rent, surely the best way to do it would be on a percentage of attendances
Fisher appeared to suggest earlier this season he only wanted to pay about £150,000, now we're told that £250,000 covers basic running costs!
Anyway, going with that figure, if SISU only paid £250,000 what income would ACL receive towards paying off its mortgage? And how much could ACL bring in if it had the stadium free of football for nine months for more concerts and other events? At a guess I'd say it's not acceptable.
Council wouldnt want to but if it were for the greater good on balance of what they know they would have to. It isnt about whats best for the club for them it is what is best for the City ......... thats where their responsibility lies
If some one moves into my property at an agreed rent and I have to pay the mortgage on it, then they say thay only want to pay 20 % of the rent They will be evicted
What planet are you on the landlord sets the rent not the tenant,
if you don't like the rent don't go there
ACL keep telling us that CCFC is a fraction of it's business and that they can survive without them. If that's true then they should be able to survive quite happily with the rent SISU are proposing. Whack a premium on so that if we were ever get into the premiership (wishful thinking!) they get a nice chunk of money and maybe an incresed rent if and when crowds rise (maybe have a premium on rent over a certain average per game). As much as we all tend to point the finger at SISU given their track record and what they've done to the club I can't help having in niggling feeling they aren't 100% in the wrong here. We're hearing 2 sides to the story from people with vested interests the truth probably lies in the middle but it's not clear to me who is refusing to move to that middle ground.
Nene Parks vacant and it's only 15 mins drive from my house.
sisu didn't have a choice in the matter they didn't buy the stadium they already had the rent agreement in place before that.
sisu didn't have a choice in the matter they didn't buy the stadium they already had the rent agreement in place before that.
sisu really need to pay Higgs the money for a share in the stadium!!
Good point! Then again, look at how the two teams that have played their games there have ended up.........
fair play to sisu, getting the best for the club
they get no money from food / drink
sisu really need to pay Higgs the money for a share in the stadium!!
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