Astute
Well-Known Member
They are useless at running things and are having massive budget cuts.
Why couldnt CCC take the risk? What was the risk?
If I was selling something and someone tried bullying me to get the price down I would tell them to f**k off. If someone tried to negotiate I would listen to what they had to say.
But again we don't know what happened prior to us going to Northampton. This is where the PR war comes in.
Think about what Fisher has said since he first got here about ACL. Turns out, despite most of us (myself included) ripping the piss out of him, he was right. What if he went into talks in the same manner and said to CCC I know ACL is struggling, I know they are over reliant on CCFC and we want a price that reflects that and got a response that ACL was doing fantastically and didn't need CCFC.
As much as you can say SISU didn't negotiate, how much were the council will to give?
Astute what we're talking about a couple a weeks ago about an old thread and me defending SISU?
Is this unencumbered line banded about different to saying the club must own 100% of the freehold?
You are told it is worth £5.5 million
You want to pay £2million.
You withhold rent in order to make it worth 2 million.
Unencumbered means having the freehold with all the current tenants out.
IIRC Sisu said it would be for the council to compensate.
what was he right about exactly?
Unencumbered means having the freehold with all the current tenants out.
But again we don't know what happened prior to us going to Northampton. This is where the PR war comes in.
Think about what Fisher has said since he first got here about ACL. Turns out, despite most of us (myself included) ripping the piss out of him, he was right. What if he went into talks in the same manner and said to CCC I know ACL is struggling, I know they are over reliant on CCFC and we want a price that reflects that and got a response that ACL was doing fantastically and didn't need CCFC.
As much as you can say SISU didn't negotiate, how much were the council will to give?
Yes I agree that's what happened. I think Wasps benefited from the hostile negotiation approach. I think the decision to take that action resulted in a combination of options 2-3. I think if the clock got wound back SISU would probably now pay 7-8 million for all of ACL and it would still be better than the current situation.
That is unless they are really confident about getting compensation.
Seriously?? Have you got the link by any chance? I can see why you would find it funny!!!
I ignore any PR games and look at what has happened and why. SISU wanted CCC to wipe out the loan and take the stadium over. They were like some on here that 'knew' that nobody else would be interested in a football stadium in Coventry. And they 'knew' for sure when they saw the backlash from us and the lack of support when they took us to Northampton.
They didn't try to negotiate properly so never found out. Wasps negotiated and found out.
I ignore any PR games and look at what has happened and why. SISU wanted CCC to wipe out the loan and take the stadium over. They were like some on here that 'knew' that nobody else would be interested in a football stadium in Coventry. And they 'knew' for sure when they saw the backlash from us and the lack of support when they took us to Northampton.
They didn't try to negotiate properly so never found out. Wasps negotiated and found out.
He said the rent was too high and ACL were over-reliant on CCFC. He also said the bank were getting twitchy about the loan.
Is anyone going to argue that the rent wasn't too high?
There's a strong case ACL were over-reliant on CCFC hence the changes when they were no longer getting our rent they apparently didn't need.
If the bank weren't getting twitchy about the loan why the need for a bail out from CCC?
Is anyone going to argue that the rent wasn't too high?
Question – A resident asked if there were any proposals to dispose of the Ricoh arena,or if not, any plans for a station near the arena to improve connections with the citycentre.
Answer - Councillor Mutton said there was definitely no intention of disposing of theRicoh arena which was very much an asset for the people of Coventry and currentlygenerating profits that were reducing the level of its mortgage. It is clear that thefootball club will not return to the Ricoh arena unless the ground and surrounding land issold, so attention was now turning to how more use could be made of the arena as aconference venue. There had been a record number of events including conferencesand exhibitions held at the arena this year.
Consideration was being given to how developing the land around the Ricoh arena withhotel accommodation might increase the opportunities for larger conferences.Councillor Mutton outlined the current position regarding a railway station at the Ricoharena and explained that permissions and funding were in place but Network Rail’srequirements for a loop line (allowing trains to terminate and for slow moving trains tobe moved into a siding so faster trains could pass) had slowed the pace of progress. Itwas hoped that a station would be up and running in 2016. Land surrounding the arenawas “brownfield” and development would be targeted for job creation rather thanhousing.
The council have stated on record they would never sell to them and not consider any offers from them.
Nice try though.
Again no evidence they needed to negotiated and were not actually approached by the council while the club were still at the Ricoh.
You really don't understand the basics, do you?
CCC weren't owed any money originally. ACL owed the money to Yorkshire Bank.
SISU tried underhand tactics on something that didn't belong to them. They took the piss out of everyone including us. So CCC took on the debt.
Not saying it was the right decision to make. But people you disagree with are not as thick as you hoped them to be.
Fabricated nonsense.
You mean people like the hotel operators and the beer suppliers? :thinking about:
Came out in the JR and referenced here ...
http://www.coventrytelegraph.net/news/coventry-news/what-now-know-ricoh-arena-6950053
Extract ...
Coventry City bosses say they will never return to the Ricoh Arena on a rent-only basis and want the unencumbered freehold of the Ricoh Arena. That appears to mean ownership of the Ricoh Arena without ACL operating the venue.
The council has made it clear the unencumbered freehold of the stadium - which it owns - is not for sale.
The council have stated on record they would never sell to them and not consider any offers from them.
Nice try though.
Must be a lie made up by the CT to sell papersCame out in the JR and referenced here ...
http://www.coventrytelegraph.net/news/coventry-news/what-now-know-ricoh-arena-6950053
Extract ...
Coventry City bosses say they will never return to the Ricoh Arena on a rent-only basis and want the unencumbered freehold of the Ricoh Arena. That appears to mean ownership of the Ricoh Arena without ACL operating the venue.
The council has made it clear the unencumbered freehold of the stadium - which it owns - is not for sale.
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