CBS - 5 Year Deal Agreed (1 Viewer)
- Thread starter Pusb1
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letsallsingtogether
Well-Known Member
FFS.
we got a 5 year deal I know it isnt long but stop crying like old women.
we got a 5 year deal I know it isnt long but stop crying like old women.
D
Deleted member 5849
Guest
Why make a deal at all then? We don't know where everyone is in two months time!
Danceswithhorses
Well-Known Member
There's a lot we probably don't agree on, but i 100% agree with your above statement...well said
Boosh
Well-Known Member
We could lose all our players and be in league one according to our leader. Hardly inspiring
Nick
Administrator
Yeah, it's a possibility isn't it? You have to plan and have all situations in mind.
Fucking hell, have a day off.
D
Deleted member 5849
Guest
Well we won't in two months
tbf I don't mind him hedging against the worst. I do find it slightly odd his solution is to just sort a five year deal rather than tiering the rent according to division, but there you go.
bigfatronssba
Well-Known Member
Exactly.
The fact that we now have a board that considers these things is a good thing. Its what sustainable businesses do.
bigfatronssba
Well-Known Member
Well we won't in two months
tbf I don't mind him hedging against the worst. I do find it slightly odd his solution is to just sort a five year deal rather than tiering the rent according to division, but there you go.
I think its more to do with King not being completely happy with the deal, but something had to be signed.
He's took a pragmatic approach that we need to have a deal in place
thekidfromstrettoncamp
Well-Known Member
This time yesterday we had NO deal today we have 5.Rejoice .Stop being so negitive.
D
Deleted member 5849
Guest
Which brings me back to my initial concern about him not really considering the stadium when buying the club. It's too big an issue to have to sign a deal, any deal just so we have somewhere to play.
fernandopartridge
Well-Known Member
In reaction to the news Shugs has suggested Wasps will simply play on Car Park C
The Philosopher
Well-Known Member
A lot can change in 5 years.
The Uni project did seem kinda sensible so we 5 years rather than 10 or longer keeps that option on the distant back burner.
This is good news.
Lots of options.
We get promoted and Doug can take a quick profit if he sells the club.
Frasers can have a quick profit if some Saudi or Yank come in and want to buy both or whatever.
Doug and Mike are businessmen. Profit is profit and opportunity is opportunity.
They’ve got their heads together and thrashed out a business deal.
SISU: watch and learn.
The Uni project did seem kinda sensible so we 5 years rather than 10 or longer keeps that option on the distant back burner.
This is good news.
Lots of options.
We get promoted and Doug can take a quick profit if he sells the club.
Frasers can have a quick profit if some Saudi or Yank come in and want to buy both or whatever.
Doug and Mike are businessmen. Profit is profit and opportunity is opportunity.
They’ve got their heads together and thrashed out a business deal.
SISU: watch and learn.
D
Deleted member 5849
Guest
Nick
Administrator
I doubt he spoke to Mike Ashley.
Probably because it's impossible to know where the football club finances and global finances in general will be in 5 years time. Something that looks great now may look completely different in 5 years timeWell we won't in two months
tbf I don't mind him hedging against the worst. I do find it slightly odd his solution is to just sort a five year deal rather than tiering the rent according to division, but there you go.
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The Philosopher
Well-Known Member
You may be right, but I’d get the sense that MA is the type of bloke who would ultimately sign off any deal like this.
Whoever signed it off would have ultimately had to get Mike’s ok.
Probably. Presumably.
COVKIDSNEVERQUIT
Well-Known Member
Nick
Administrator
I'm sure the CEO would have given it the go ahead.
Let's face it, taking over shit loads of high street stores would be much bigger and much more complex than a rent deal with us.
robbiethemole
Well-Known Member
Just put the cnut on ignore, he thrives on us biting
shepardo01
Well-Known Member
Lol....
Paul Anthony
Well-Known Member
D
Deleted member 5849
Guest
fernandopartridge
Well-Known Member
Yeah, to be fair it's time to move on with it all now and it's good that the council acknowledges this
Paul Anthony
Well-Known Member
Down in Oxford now isn't he? One bad egg gone at least. A few more I wouldn't mind seeing the back of.
Anyway, I don't want to drag the mood down. Not the time to be a miserable sod. It's a big weekend for the club, and this announcement is hopefully just the first step in an amazing weekend!
Sky_Blue_Dreamer
Well-Known Member
Yeah, it feels like price is something that could be sorted in a longer term deal with tiering - double with a promotion, halve with a relegation - though I guess Fraser's would then argue they'd be having reduced income for someone else's mismanagement.
Also could argue that any worry about current economic uncertainty and inflation could be solved with agreed inflation-based increase year on year.
I feel it's only five years because of some other term in it. Maybe it just being a licence?
But at the moment the good news is that we know where we're playing next year and we know we're the only users.
Grendel
Well-Known Member
Richardson would have dealt with relegation - that’s why he was chucked out
Flying Fokker
Well-Known Member
Pragmatism is doing the right deal for now. Optimism is believing it’s the right deal.
clint van damme
Well-Known Member
Why is questioning the structure of the deal being negative?
Have people learned nothing over the course of the last decade or so?
We've got a 5 year licencing agreement, we're in a better position than we were yesterday, but its still doesn't give us great security
I have more faith in king putting that right than I would sisu but that's not really reason to get too excited.
D
Deleted member 5849
Guest
And the faith is only because he's an unknown as opposed to a proven loon.
chiefdave
Well-Known Member
To be honest I have no clue what the difference between a license and a lease is. Seems one of those things that everyone on here suddenly became an expert on the minute it was mentioned
Reads to me like we want a longer term deal but it needs longer to get that in place so this will give some breathing room. Doubt it will mean 5 years of negotiating but if they'd come out and said we'd agreed another year while talks continued people, possibly including the EFL, wouldn't have been happy
Reads to me like we want a longer term deal but it needs longer to get that in place so this will give some breathing room. Doubt it will mean 5 years of negotiating but if they'd come out and said we'd agreed another year while talks continued people, possibly including the EFL, wouldn't have been happy
MalcSB
Well-Known Member
Courtesy of Google:-
“A lease is an agreement whereby a tenant will occupy a property exclusively, for a fixed period of time, whereas a licence grants permission for the licensee to do certain agreed activities on a licensor's property.”
The way I read that, CCFC having a lease would prevent the stadium owners from renting it out for other purposes such as a concert. If my interpretation is correct, we will never have a lease and will only ever have a licence.
Grendel
Well-Known Member
The main difference actually is the lease is a fixed period regardless of landlord ownership - so if FG sell the buyer knows there is a leaseholder
It’s entirely possible for a landlord to grant the leaseholder exclusivity rights to the actual arena so it would profit from all events there. Would cost more but I’d expect If Coventry were a premier league club to go for that option
clint van damme
Well-Known Member
Don't know if it's true but there was talk yesterday of Fraser involvement.
Not a buy out by the group but some tie in with King.
Sounded like the wheels have been set in motion already but we'll see. I think that would only be a good thing and as close as we'll get to reconciling the club with the stadium.
That's what I think was hinted at with the statement on Friday
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