Councillor Kevin Maton (5 Viewers)
- Thread starter Black6Osprey
- Start date
CCFC_GT
New Member
Err ... actually he is a Labour councillor
J
Jack Griffin
Guest
Got confused with Kevin Foster, drat should check b4 post!
Listening to his phone call to CWR I too am concerned that the Council will not sell their share in the stadium. If you remember they came to the party very late when it was clear CCFC could not afford to continue the project. I cannot recall exactly how much they invested BUT it was surely not intended that they should hold on to the asset for any great time. Was it not supposedly a short term solution?
Grendel
Well-Known Member
Blimey the penny really is dropping tonight isn't it. Lets see what next few weeks brings.
WestEndAgro
Well-Known Member
Due to slander, defamation and libel I shall not name names but I have had the miss fortune of dealing with a certain individual who may or may not have been mentioned in this thread, or a similar thread, or a completely different thread, but if they said it was raining, I would have to go out and check for myself.
Flying Fokker
Well-Known Member
skyblue1523
New Member
The biggest problem is the arena without it all ccfc are doing is feeding a black hole
katzenjammer
New Member
It just seems to me like the council want their pound of flesh from the football club. It's been this way for years evidently and they're reluctant to let go.
Like them or not, SISU are actually the first owners of the football club to stand up an do something about it. Owning the stadium is a must for the future of the club.
Like them or not, SISU are actually the first owners of the football club to stand up an do something about it. Owning the stadium is a must for the future of the club.
skybluegnome
Well-Known Member
Which is why no one will ever invest in us....ACL/CCC see it as a cash cow...so will never give up their share...Maton only got cut off because it was the end of the programme.
Flying Fokker
Well-Known Member
This is not good for prospective purchasers of the club. The only option then mr Councillor is for Coventry City Council to buy the whole club if they do not want anyone else to own it. That would be a political nightmare.
Cov Council must let go if the club is to progress. They cannot have it both ways. Wanting to get rid of SISU does not give them the mandate to keep hold of the stadium for the lease period.. Surely they will have to sell?
Cov Council must let go if the club is to progress. They cannot have it both ways. Wanting to get rid of SISU does not give them the mandate to keep hold of the stadium for the lease period.. Surely they will have to sell?
Flying Fokker
Well-Known Member
Exactly....The Council need to sell.
Sky Blue Pete
Well-Known Member
What's the penny?? That no one can be trusted?? Not too sure what you mean?
grego_gee
New Member
Covcraig@bury
Well-Known Member
This is why we need a new ground. Ccfc need to own all of it or we may as well turn the lights out and call it a day.
rupert_bear
Well-Known Member
Get real, where the fuck are you going to put a new ground ?
coundonskyblue
New Member
<p>
We dont need to own the ground, we only need to own acl.
We dont need to own the ground, we only need to own acl.
Everyone lets put things right what exactly has the council ever done that is good in this city NOTHING. Since the stadium has been up they have invested zero. Thet are expecting someone just to stroll up and invest in hotels and other capital projects around the stadium whilst they get an invested share. If whoever might come in and buy the club will do nothing until they have a guarantee if a return and they will never put up all the money to see half the return go to ACL. They should do exactly what the government has done with the o2 and the olympic stadium put a stupid figure they wont in return each year and right it into the agreement about any future sails. Because lets face upto this if it stays this way soon they are going to have to make a major investment in the upkeep becuase the place is becoming a dump
shropshirecov
New Member
Here lies the problem. He's not alone with that view in ccc. Plenty on here support him.
Brighton Sky Blue
Well-Known Member
I disagreed with him when he said that the club shouldn't ultimately become owners-when that is what PWKH called for just a week beforehand. The very least we should be aiming for is that 50% shareholding.
dongonzalos
Well-Known Member
Unfortunately SISU's running of the club has undermined the concept if one person owning the Ricoh
As has the running of the club at Highfield Road.
Owning 50 % of the Ricoh could still pay big dividends
As has the running of the club at Highfield Road.
Owning 50 % of the Ricoh could still pay big dividends
stupot07
Well-Known Member
Not that big. It only made £1m last year and that was with the club paying £1.3m rent. Yes debts and mortgage been restructured but other than giving a revenue stream against FFP, in actual fact it's going to offer much actual income to support the playing budget.
Black6Osprey
New Member
I agree that's the thing that amazes me. If the Ricoh was making £10m profit I could understand the councils view but £1m and that's with rent being payed?? What's the big deal, in the scheme of Government spending its nothing.
The main thing for the club is to remain at the Ricoh on reduced rent ie 400k pa, getting benefit of the match day revenues for FFP. I believe this was/is on offer. If bloody Walsall can survive on paying more than that for their rent , no reason we can't..
If we could own half or all of the stadium, even better but lots of clubs don't own their grounds and do ok, it's the level of the rent and matchday revenues that are important.
I don't really like the counsellors attitude though, it might put off potential investors which goes against why acl went for admin of the club in the first place.
He should've kept his mouth shut, said they would consider all options but are mindful of protecting the tax payers and the supporters interests.
Unfortunately politicians can't help but stick their noses in !
If we could own half or all of the stadium, even better but lots of clubs don't own their grounds and do ok, it's the level of the rent and matchday revenues that are important.
I don't really like the counsellors attitude though, it might put off potential investors which goes against why acl went for admin of the club in the first place.
He should've kept his mouth shut, said they would consider all options but are mindful of protecting the tax payers and the supporters interests.
Unfortunately politicians can't help but stick their noses in !
torchomatic
Well-Known Member
Well that's let the ACL/CCC cat out of the bag then, hasn't it? The elephant in the room (or the elephant in the City) is that ACL/CCC will never sell to any owner of the football club. Although they expect the football club to regenerate the surrounding area for them.
shropshirecov
New Member
Spot on. Why aren't City supporting council tax payers up in arms over this?
coundonskyblue
New Member
<p>
Because 1 councillors opinion doesn't make it council policy.
Because 1 councillors opinion doesn't make it council policy.
BrisbaneBronco
Well-Known Member
Only solution is to move away from the Ricoh.
We will lose some fans who will not follow CCFC if they are outside Coventry even if it is only Rugby or Leamington. On the other hand we will also gain fans from wherever we move to.
I hope we till ACL/CCC to get stuffed:jerkit:
torchomatic
Well-Known Member
How do you know it's one opinion? Are you supportive of CCCs stance that they will never sell to CCFC?
CCFC_GT
New Member
If our ambition is just to survive at this level like Walsall and remain as tenants at the Ricoh then we might as well all give up now.