It may be 'Everyone's' fault to an extent but it is massively weighted against SISU when apportioning blame. They need to put the plans for a new stadium up before the end of the year or just get out of town!! Anything else is costing them money! I don't agree that the 'club' being cost neutral means they are not losing money because of this venture.
Why would they just cut their losses? If they can run the club near to break even then they will think that if they sit on it that one day things could turn out well. We will just be a small part of their overall portfolio.
It may be 'Everyone's' fault to an extent but it is massively weighted against SISU when apportioning blame. They need to put the plans for a new stadium up before the end of the year or just get out of town!! Anything else is costing them money! I don't agree that the 'club' being cost neutral means they are not losing money because of this venture.
Who has said Wasps relinquishing 50%, please read posts thoroughly as it can make you look a bit dim regards your reply.Nice speech.
Even if we did have "decent" owners in the future, why on earth would Wasps relinquish a 50% stake in the Arena to them? Why wouldn't they want all the pie for themselves?
There is no excuse as to why the stadium can't be built inside the city now.
If you listen to the fundamentalists on here they would have you believe that SISU are in actual fact 'pocketing' millions in cash.
In reality they probably are losing money through the club but they are probably making it up elsewhere on their portfolio.
But wouldn't that just mean it would still be better to get out of the club and make even more money without the burden of CCFC?
Investors don't take a short term view. If they can get a quick win and move on then of course they will but they are just as likely to sit on an investment for 25 years or more if they feel one day it will make a return.But wouldn't that just mean it would still be better to get out of the club and make even more money without the burden of CCFC?
....i'm sure that they'd love to get rid of the club but there aren't exactly going to be a lot of people queuing up to buy the club. We have no chance of getting revenue apart from ticket sales, we don't own our own ground and we pay rent money to a franchise rugby club.
Blame for this affair goes way back to the conception of the Ricoh idea if we are being honest.
SISU do have a large portion of responsibility to take, as do CCC, and lots of other people.
You need to take a long hard look at what's been going on in the background (nothing whatsoever to do with the owners of CCFC!).
Conspiracy!
....i'm sure that they'd love to get rid of the club but there aren't exactly going to be a lot of people queuing up to buy the club. We have no chance of getting revenue apart from ticket sales, we don't own our own ground and we pay rent money to a franchise rugby club.
I would sack the bloody lot of them if they worked for me.
they would then take you to court for unfair dismissal, then appeal that if it lost, then appeal that with some senior judges
Investors don't take a short term view. If they can get a quick win and move on then of course they will but they are just as likely to sit on an investment for 25 years or more if they feel one day it will make a return.
Or they'd have a secret unminuted meeting.
RFC, I wish that you would stop this "I could tell you more but I won't" claptrap. If you have something to say, bloody well say it. If you haven't anything to say, stop pretending that you have.
if only sisu purchased the stadium back in 2007 then we wouldn't be having this discussion now
they wanted to own the ricoh on the cheap and it backfired. the amount of money spent on rent/court cases etc... could have paid for it by now
They can just sit on it and they will or they will just close up shop and write the debt off.Its not a true investment though at the moment its a football club and I think this is where SISU have failed at every turn - you can't just sit on this for years as it will just die. We are flirting with League 2 and the attendances are still plummeting. You will need to invest in CCFC or we will continue to slide.
Or they'd have a secret unminuted meeting.
Sisu/Ccfc could have been in the same position.as Wasps are now 7 years ago.
They can just sit on it and they will or they will just close up shop and write the debt off.
Ranson didn't think it was worth it.
Besides, i'm sure there would have been outrage if sisu, a hedge fund, had acquired the stadium. There's been few complaints about Wasps owning the ground because their owners are honest and saints and they are owned by a hedg....oops.
Well I won't say it's been a pleasure because it hasn't. But isn't that us pretty much fucked now then?
ointlaugh: ointlaugh:
You said it all THEY Never thought it was worth it until it was too late.
And still you think the sun shines out of their arse..........
Yep, some will even be celebrating the council's victory.
Hopefully we will be given a more detailed reasoning as to why the bid was rejected.
It would be interesting to know what the content of both bids were but unlikely we will be told. In particular I would be interested to see the conditions and legal demands included in the bid relayed by Appleton and of course the difference between the two bids.
Ownership of part of ACL is gone, not what I wanted to see but it is where we are. We as a club now have to move forward, no more of this uncertainty, blame game and legal shenanigans. We build our club up from here, or we sit around wringing our hands blaming all and sundry.
If that's a new ground so be it (I still don't see it, but if that's the choice then CCFC fans must and will have to support it). If they are going to build there is no real reason the land purchase can not be completed and the site made public. There after they must put forward a business plan that convinces the fans it will work. They will need to get the fans on board with it, no more silly secrecy games. Proper inclusion and partnership not lip service through things like the SCG
If the solution is to stay at the Ricoh then CCFC need to develop long term partnerships with ACL and its new owners, then to commit to it. That word partnership again. This club needs stability and certainty. There are income streams that the club can acquire an interest in at the Ricoh, they could even put on their own events etc, the club could commit to a longer lease/licence at the stadium with rights to certain incomes built in etc.
There are options but more than ever the owners of CCFC have to secure a clear way forward for the club, one that is stable and commit to it. One that is focussed and solely about CCFC
Decision time.
New ground then?
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