Nonleagueherewecome
Well-Known Member
Didn't know you supported SISU FC: what division are they in again?
Could Coventry be shut out of Ricoh? (2 Viewers)
- Thread starter jmegordon
- Start date
Marty
Well-Known Member
Well they would have to, if they could find reduced terms at another ground, say 50% of what we currently pay, then theres every chance it would happen.
Sisu have gone about this completely the wrong way and somebody just needs to stand up to Sisu for a change, they are too use to getting their own way with things. I can't believe some people are actually defending them. Everyone needs to stand firm against them & behind ACL.
jmegordon
New Member
Rumours be rumours. Still an interesting debate nonetheless.
"Short statement in response to speculation surrounding Tuesday night clash with Sheffield Utd
A short statement has been issued by Coventry City Football Club and Arena Coventry Limited following rumours surrounding the club's home fixture with Shefffield United on Tuesday, August 20.
The statement reads: “There are no issues concerning the go ahead of Coventry City’s match against Sheffield United, and the League One fixture will take place as planned at the Ricoh Arena.”"
http://www.ccfc.co.uk//news/article/sheff-utd-game-statement-324054.aspx?
"Short statement in response to speculation surrounding Tuesday night clash with Sheffield Utd
A short statement has been issued by Coventry City Football Club and Arena Coventry Limited following rumours surrounding the club's home fixture with Shefffield United on Tuesday, August 20.
The statement reads: “There are no issues concerning the go ahead of Coventry City’s match against Sheffield United, and the League One fixture will take place as planned at the Ricoh Arena.”"
http://www.ccfc.co.uk//news/article/sheff-utd-game-statement-324054.aspx?
Nonleagueherewecome
Well-Known Member
Hmm, not too much of the usual spin. Or tub-thumping like a drunk Uncle dancing who just doesn't get it that he's not down with the kids.
Yeah, they rushed that one out pretty sharpish. I'd say there's a fire behind this smoke somewhere
Sky Blues
Active Member
Thanks for taking time to answer PWKH, despite being down a canal without a signal! Interesting speculation about suppliers too. I agree it would be stupid of them not to pay. Regardless of how this came about, this rumour serves the club with fair warning about what could potentially happen if they don't pay their bills. I note you said "the game" will go ahead, not "all games"...
SkyBlue_Bear83
Well-Known Member
I'm not arguing that from a moral, unbiased view ACL shouldn't back down
However as a fan of Coventry City any deal that can be struck to lower the rent and means we don't have to sell players to cover it, I am all for it and am not fussed about the morality of how it is done.
Official Away Travel
New Member
Football club tenants yes - Ricoh also has other PAYING tenants - Ricoh UK, Yorkshire Bank, DeVere Acadamy, Compass and G-Casnio.
I don't see them not paying their rent
bulkingtonskyblues
New Member
but they dont have any players to sell now anyway, anyone worth anything has gone so this could be the end for sisu if acl dont back down, and even if acl did cut the rent u dont think sisu would put any of the cash back in the club do you
Lord_Nampil
Well-Known Member
Yorkshire bank move out in September !!! Part of the
Clydesdale bank cut backs!!! (mum works for Yorkshire bank)
Grendel
Well-Known Member
Not the point I am making though is it? The main revenue generator is the football club.
oldskyblue58
CCFC Finance Director
First off lets say a lock out is very unlikely at this stage...... and certainly not happening tonight
Last I heard ccfc rent accounted for 15% of income .......... yes there is the share of the profits from the joint venture with compass but CCFC will only be a part of those joint profits because it covers all events at the Ricoh (including hotel & Casino staffing)........ there is the car park income from 23 home games (2000 spaces estimate at £7.50 on ave less VAT approx £288k per year)..........
everyone keeps assuming that if CCFC goes the world stops at the Ricoh. If CCFC were to be locked out the only thing that may well stop is CCFC
It would not be easy to replace the lost income from CCFC admittedly (if they ever paid their bills) .... for 2 or 3 years it would be a difficult time for ACL (arranging additional events, concerts, changing the nature of the venue would take time) but I think it is a mistake to believe alternatives could not be found to mitigate the situation. Not having to keep the stadium on first call for the football club would leave more dates for alternative events, leave the hotel available more often, alternative events equals more car park income, alternative events equal a share of joint venture profits etc etc ..... It would not be ideal but ACL doesnt have to roll over just because CCFC or SISU bark.
The ACL business plan would have to change, they may have to renegotiate finance and repayment terms, they would have to find alternatives, would have to market the venue differently, would have to consider what to do with the sports stadium part of the site, would have to consider an alternative team to CCFC perhaps ......... but none of that is impossible. I think people should not allow themselves to be blinded to the options by the support of our team. The situation is not black or white it is as usual far more complex.
Oh and i would bet ACL have planned for no income from CCFC ........... it is the sort of thing a well run business with a high risk customer would do........ there is nothing that says ACL is not a well run business
The Ricoh wont stop operating because CCFC is not there and no one at ACL, the Charity or Council wants CCFC to go, be locked out or cease !
There is a solution ........... a compromise ......... who is it that isnt prepared to discuss it i wonder? and why? Were we not assured by TF that the rent would be sorted out by the start of the season ?
Last I heard ccfc rent accounted for 15% of income .......... yes there is the share of the profits from the joint venture with compass but CCFC will only be a part of those joint profits because it covers all events at the Ricoh (including hotel & Casino staffing)........ there is the car park income from 23 home games (2000 spaces estimate at £7.50 on ave less VAT approx £288k per year)..........
everyone keeps assuming that if CCFC goes the world stops at the Ricoh. If CCFC were to be locked out the only thing that may well stop is CCFC
It would not be easy to replace the lost income from CCFC admittedly (if they ever paid their bills) .... for 2 or 3 years it would be a difficult time for ACL (arranging additional events, concerts, changing the nature of the venue would take time) but I think it is a mistake to believe alternatives could not be found to mitigate the situation. Not having to keep the stadium on first call for the football club would leave more dates for alternative events, leave the hotel available more often, alternative events equals more car park income, alternative events equal a share of joint venture profits etc etc ..... It would not be ideal but ACL doesnt have to roll over just because CCFC or SISU bark.
The ACL business plan would have to change, they may have to renegotiate finance and repayment terms, they would have to find alternatives, would have to market the venue differently, would have to consider what to do with the sports stadium part of the site, would have to consider an alternative team to CCFC perhaps ......... but none of that is impossible. I think people should not allow themselves to be blinded to the options by the support of our team. The situation is not black or white it is as usual far more complex.
Oh and i would bet ACL have planned for no income from CCFC ........... it is the sort of thing a well run business with a high risk customer would do........ there is nothing that says ACL is not a well run business
The Ricoh wont stop operating because CCFC is not there and no one at ACL, the Charity or Council wants CCFC to go, be locked out or cease !
There is a solution ........... a compromise ......... who is it that isnt prepared to discuss it i wonder? and why? Were we not assured by TF that the rent would be sorted out by the start of the season ?
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SkyBlueScottie
Well-Known Member
I'd of chucked us out ages ago. Don't we only account for 13% (or a figure quite low) of the income ACL make, It's like if you rent out a house, I couldn't care less what happens in your life as long as I get my rent at the end of every month. If you can't pay, go and find somewhere else to live.
Just hope ACL don't cave in.
Retarded
he was responding to the moronic posting by Marty
Oh dear....
Who put us in this situation was not SISU, the rot had started a long time before they come along, you need to put your petty hatred aside for SISU, and actually think about the club.
CovisGod
Well-Known Member
Apologies to the poster, realised I missed 3 pages out of this thread.
coundonskyblue
New Member
<p>
But were not paying the rent anyway. If acl is so dependent on the ccfc rent then acl must be about to go bust itself!
But were not paying the rent anyway. If acl is so dependent on the ccfc rent then acl must be about to go bust itself!
oldskyblue58
CCFC Finance Director
ACL dont want CCFC out ..... of course not .......... but there is a reason why they continue to drive down their reliance on the football club........ CCFC is a high risk tenant. We are now 5 months on from the first default that we know of, is it conceivable that the Board of ACL has just sat there and waited to see what happens ? or would they make plans to cover the loss of income ?
In that five months or so are we as a club any more viable ? We might have driven costs down but we have driven income down also. Will the losses 2012 or 2013 be significant, yes most likely. Is crowd income or success on the pitch guaranteed - no. So is CCFC any less of a risk - no. Is there a rent to be paid yes .... has it been no.
With or without the current CCFC the Ricoh cannot be seen to fail ........ and alternative thinking and new uses will be part of the strategy to reduce the reliance on CCFC even further.
In that five months or so are we as a club any more viable ? We might have driven costs down but we have driven income down also. Will the losses 2012 or 2013 be significant, yes most likely. Is crowd income or success on the pitch guaranteed - no. So is CCFC any less of a risk - no. Is there a rent to be paid yes .... has it been no.
With or without the current CCFC the Ricoh cannot be seen to fail ........ and alternative thinking and new uses will be part of the strategy to reduce the reliance on CCFC even further.
kingharvest
New Member
But ACL haven't gone without income...they've used the escrow which was 500k to cover the non-payments. The court order was to top up the escrow which is a legal requirement.
Of course it's at this point that the rubber hits the road because the escrow is empty, but if ACL wanted to shut the doors on us they would have done so by now.
The Ricoh without ccfc is unviable no matter what ACL try and tell us, that line is purely for the negotiations.
This has to be sorted over the next 4 weeks I imagine because of the empty escrow, so I predict an agreement on a lower rental package which long-term, is directly linked to whichever league the club is in.
Of course it's at this point that the rubber hits the road because the escrow is empty, but if ACL wanted to shut the doors on us they would have done so by now.
The Ricoh without ccfc is unviable no matter what ACL try and tell us, that line is purely for the negotiations.
This has to be sorted over the next 4 weeks I imagine because of the empty escrow, so I predict an agreement on a lower rental package which long-term, is directly linked to whichever league the club is in.
oldskyblue58
CCFC Finance Director
The Ricoh is unviable without regular usage ...... that may or may not include CCFC .......... got to think a lot wider than just a football club.
It isnt as if ACL have to make up a gap of 100% of their income ........... they have to make up 15% of it (approx)Not saying it would be easy for ACL to cover the shortfall but they are in a far better position financially than CCFC.
The importance of ccfc to the Ricoh, to sponsors, in fact to the city has dropped with their relegation to League 1 and wont recover until such time as the club becomes successful ......... and that is by no means guaranteed
It isnt as if ACL have to make up a gap of 100% of their income ........... they have to make up 15% of it (approx)Not saying it would be easy for ACL to cover the shortfall but they are in a far better position financially than CCFC.
The importance of ccfc to the Ricoh, to sponsors, in fact to the city has dropped with their relegation to League 1 and wont recover until such time as the club becomes successful ......... and that is by no means guaranteed
fernandopartridge
Well-Known Member
I wonder what the terms of the Ricoh sponsorship deal are? As without the football club, the Ricoh name is given less exposure (I really don't think that can be disputed, even if we're now in League 1).
oldskyblue58
CCFC Finance Director
The sponsorship is for the complex not the club........... and there is a very good argument for saying that all the shenanigans going on at CCFC and its failure football wise tarnishes not enhances the Ricoh name. The longer we are in League 1 the less the "positive" effect CCFC can have on promoting the name of Ricoh
Yes the club causes the name to be said in the media ........ less so football wise with relegation to league 1....... but it isnt all good coverage is it.
Ricoh have clearly taken a business decision to sponsor the stadium not the football club........ there is more than football and some of the other markets are more specific to Ricoh (eg the business events). Alternative uses could also bring in additional exposure for Ricoh.
Without the football club is not going to mean no exposure .......... and on the balance at present it would probably mean more positive exposure.
There is a whole page on the Ricoh site devoted to its sponsorship of the arena ........ sum total of mention of the football team
" the Ricoh Arena opened for the first time on August 20, 2005 as Coventry City beat Queens Park Rangers 3-0"
Not sure Ricoh see it as a tie to the club they view it as a tie in with the venue. They dont even actually acknowledge it as our home stadium
http://www.ricoh.co.uk/about-ricoh/brand-sponsorship/sponsorship/sports/ricoh-arena/
Not saying it isnt affected but these things are never clear cut. Would they pull out of the Ricoh with no CCFC there? ..... somehow I doubt it.
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fernandopartridge
Well-Known Member
I've never suggested they will - I've had similar thoughts to you - the importance of the club to the sponsorship deal is intangible - although I agree, the wranglings over the rent do not present a favourable picture.
Marty
Well-Known Member
How is it retarded? we only account for 13% of the income into the Ricoh, that for ACL is nothing, infact they would probably do a lot better out of it if we were to move out. Looking at it from the point of view that ACL have, they don't care if we make it or fail, there only concern is getting the rent in their account on time.
I think you will find it was Sisu who put us in this situation, no investment, selling all the best players, employing the inept Thorn. That is all down to Sisu. I don't have a hatred of Sisu and have many times defended them.
It's easy to criticise other peoples opinions but when you fail to give reasons why and don't give your own, you just come across as a c u next tuesday.
So we have two parties who won't bulge. Like two teenage girls stamping their feet in anger: I won't! Oh yes you will! No I won't! You will, you bitch!
I can't help wonder if ACL have stretched negotiations till a time when the escrow fund ran out. At least they got their £100k per month for five months. Had they agreed to a lower rent 5 months ago, they would have suffer the difference.
Still I have said it many times ... this situation needs a mediator. None of the involved parties seem to have grown out of their teens.
I can't help wonder if ACL have stretched negotiations till a time when the escrow fund ran out. At least they got their £100k per month for five months. Had they agreed to a lower rent 5 months ago, they would have suffer the difference.
Still I have said it many times ... this situation needs a mediator. None of the involved parties seem to have grown out of their teens.
coundonskyblue
New Member
From twitter just now
Tom Ross@thegoalzone
Coventry chief Exec Tim Fisher says "great progress is being made" in their negotiations to try an reduce their rent for the Ricoh Arena
Tom Ross@thegoalzone
Coventry chief Exec Tim Fisher says "great progress is being made" in their negotiations to try an reduce their rent for the Ricoh Arena
skybluedaze
New Member
Hopefully it will all be resolved soon and we'll hear little about it for the rest of the season at least. Promotion will take the sting out of the current financial situation. Unfortunately, that puts a lot of pressure on the club to succeed this season. I can't imagine the problems staying in this league might generate. A knight in shining armour will be required if that happens i think.
Official Away Travel
New Member
You must be joking......
Official Away Travel
New Member
Someone taking sense for a change.