bigfatronssba
Well-Known Member
Why would you want sisu to own the freehold?
Just so you can cheer when sisu's accounts are released (18 months late) like a true fan? Meanwhile Ccfc continues to lose millions.
Why would you want them to over charge us for rent? I don't get it? You could then cheer when ACL's accounts are released like a true fan!
Why would you want them to over charge us for rent? I don't get it? You could then cheer when ACL's accounts are released like a true fan!
Can i ask why? I do not give a flying fig in all honesty if SISU get the ricoh, develop it and make money! Why should you?
We are not an attractive proposistion to buy right now. If they get the ricoh, we go home the club benefits, if they develop the land or even just sell us with a ground we own that's great too. People seem just concerned that sisu will make money gettting the ground so what, its the long term future of us that worries me. Right now, no ground, playing in some hole 35+ miles away we have no future. If they get what they want and sell up brilliant, if they get what they want and we start making money, buying players instead of selling and become succesfull again, happy with that also. This can not go on. They cant/wont sell something has to give, we need to own our ground. If doing it with sisu at the helm is the only way.....so be it
Why would you want sisu to own the freehold?
Just so you can cheer when sisu's accounts are released (18 months late) like a true fan? Meanwhile Ccfc continues to lose millions.
So this is one of those false dawns where I think there's a chance we might return home briefly before realising it's two groups of dickheads in suits playing 'they started it' right?
So this is one of those false dawns where I think there's a chance we might return home briefly before realising it's two groups of dickheads in suits playing 'they started it' right?
Where did I say I wanted that? I just asked why you would want ACL to overcharge the club rent again?
So this is one of those false dawns where I think there's a chance we might return home briefly before realising it's two groups of dickheads in suits playing 'they started it' right?
Where have I said I want acl to do that?
All I said was legally sisu could own the freehold but acl could still charge the club to play there.
Where did I say I wanted that? I just asked why you would want ACL to overcharge the club rent again?
The owners of the football club have decided they wish to own their own stadium freehold without any ties.
This is their prerogative alone. Your or my opinion on this is irrelevant.
They have indicated they will build a new stadium to achieve this if the Ricoh cannot be sold to them without ties.
The Council established the complex web of management around the Ricoh including creating ACL and the 50y lease to them, it is entirely of the councils own doing.
It is probable that the council is incapable of undoing that complex web and lease in order to sell the Ricoh freehold without any ties.
The freehold with the ties is very definitely not what is required and indeed is worth very little.
This is a last challenge to the council to unravel its own mess and sell the stadium as a worthwhile asset at a decent price.
I doubt if the council is capable of doing so.
It will fail and a new stadium will be built just outside Coventry boundaries.
imp:
Or one side willing to hold negotiations and the other side having a price in mind and nothing else will do.
It will fail and a new stadium will be built just outside Coventry boundaries.
Yes of course it will. In the meantime we will carry on seeing home games played at Sixfields for at least 8 years
I disagree with that Astute if one side has 'a price in mind and nothing else will do' then why say this in this in their statement "Cllr Lucas has not so far confirmed that she will discuss a sale and does not appear to have commissioned an independent valuation to get the ball rolling". My point being if SISU were only willing to pay what they thought an acceptable value was for what they were bidding for, wouldn't they take the step of getting an independent valuation?
It will fail and a new stadium will be built just outside Coventry boundaries.
Yes of course it will. In the meantime we will carry on seeing home games played at Sixfields for at least 8 years
In the region of 7-9 million I believe is what Sisu wanted to pay, doesn't seem reasonable to me when a 10,000 seater stadium will cost them 30 million without any other streams of income.
I disagree with that Astute if one side has 'a price in mind and nothing else will do' then why say this in this in their statement "Cllr Lucas has not so far confirmed that she will discuss a sale and does not appear to have commissioned an independent valuation to get the ball rolling". My point being if SISU were only willing to pay what they thought an acceptable value was for what they were bidding for, wouldn't they take the step of getting an independent valuation?
As you have said not confirmed and does not appear. She has publicaly said that she was willing to talk.
And who said that it is only SISU that would have a price to stick to? It works both ways. It could be SISU that says for instance that 9m and no more. Or it could be CCC that says 50m and not a penny less. And CCC can't sell for less than outstanding loans. The odds are that SISU would also want the leasehold otherwise it is not worth them having the freehold unless they want to mortgage it.
We have slightly different views on the matter. We both want the same end result though. CCFC back in Coventry. It don't mean I only see good in ACL/CCC and bad in SISU because I slightly lean towards ACL and you don't see all good in SISU and only bad in ACL/CCC as you slightly lean towards SISU and getting the freehold at whatever price. The negotiations can fail on either side. And the majority would put the chances of this happening from SISU from past experiences.
If so, we will sit down and talk. If not, we will build a new stadium on the outskirts of Coventry.
They want to talk so they have not moved on as TF said. Get talking CCC the balls in your court.
Cllr Lucas has not so far confirmed that she will discuss a sale and does not appear to have commissioned an independent valuation to get the ball rolling.
This is key, surely asking why they have not commissioned and independant valuation implies they will pay market value.
And we’d still like to know the real reason why Cllr Lucas authorised ACL’s rejection of the CVA which cost “my beloved Sky Blues” another 10 points.
Yes please
Coventry City owners invite council to talks over Sky Blues returning to Ricoh Arena
30 Oct 2013 07:00Sisu calls on Coventry City Council to make it clear if is willing to sell stadium
Lets hope SISU are genuine in the suggestion, but why does JS have to write a ltter why not pick up a phone?
I do not trust SISU, might just be another ploy to encourage fans to possibly be tempted to go to Sixfields.
Also if the Council do sell, I hope its only at the right price and an agreement that the Football Club are looked after.
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Ricoh Arena
Coventry City have today issued a public invitation to council leader Ann Lucas to “sit down and talk” urgently about returning to the Ricoh Arena.
The message, issued exclusively in the Telegraph, warns time is running out.
It calls on Coventry City Council to finally make clear if it is prepared to sell the Ricoh freehold to club owners Sisu/Otium.
The statement says: “We have repeatedly asked the council to discuss a sale of the Ricoh Arena to the club.
“The senior council officers (Chris West and Martin Reeves) who also serve as directors of Arena Coventry Limited (ACL) have told us that they have no authority to discuss this with us, only the council leadership can do so.
“So it is a very simple question for Cllr Lucas: is she prepared to discuss a freehold sale of the Ricoh?
“If so, we will sit down and talk. If not, we will build a new stadium on the outskirts of Coventry.
“We can’t wait around much longer and are therefore pushing ahead with our efforts to acquire a site.”
The club’s statement says Sisu boss Joy Seppala will write “shortly” to Coun Lucas requesting she clarifies the council’s position.
The statement says fans had asked the club to respond to a speech by Coun Lucas made in the council chamber last Tuesday – after protesting fans outside handed in a petition with 800 names gathered in four days, calling for action to bring the club home.
Leader of Coventry City Council Ann Lucas It adds the club is “disappointed” Coun Lucas was using Sisu companies’ forthcoming renewed judicial review application into the council’s £14million taxpayer bail-out of ACL as “ an excuse not to answer questions” from fans.
The statement also asks why Coun Lucas “authorised” ACL’s rejection of a Company Voluntary Arrangement which led to manager Steven Pressley’s high-performing young team losing ten League One points.
Coun Lucas, while not clarifying if the stadium was for sale, said last week she would meet any party willing to discuss the “long term future” of the club and stadium, adding, “Let’s bring the club home for Christmas.”
The statement in full...
STATEMENT BY COVENTRY CITY FOOTBALL CLUB
We generally try to avoid tit-for-tat press releases and hadn’t intended to respond to the statement rushed out by Cllr Lucas following the demonstration by fans outside the council house. Like many of the statements drafted by ACL’s London-based PR consultants, it contains more generalisations than specific action points. However, many fans have asked us to issue a response. In particular, they have asked us to cut through the spin and focus on specifics.
Most sensible people agree that a football club, any football club, needs to own its stadium in order to be financially viable on a long-term basis. There can be no return to the old landlord-tenant relationship with ACL, which since 2005 saddled the club with an excessive rent and inflated service charges and deprived it of matchday revenues.
We have repeatedly asked the council to discuss a sale of the Ricoh Arena to the club. The senior council officers who also serve as directors of ACL have told us that they have no authority to discuss this with us, only the council leadership can do so. So it is a very simple question for Cllr Lucas: is she prepared to discuss a freehold sale of the Ricoh?
If so, we will sit down and talk. If not, we will build a new stadium on the outskirts of Coventry. We can’t wait around much longer and are therefore pushing ahead with our efforts to acquire a site. Joy Seppala will be writing privately to Cllr Lucas shortly in order to find out exactly what the council’s position is.
Cllr Lucas has not so far confirmed that she will discuss a sale and does not appear to have commissioned an independent valuation to get the ball rolling. We are of course disappointed with this stance, as it was clear that the Council were prepared to sell the Ricoh to other parties, just not to the club’s owners. We believe that Cllr Lucas’ predecessor as leader, Cllr John Mutton, met with her very recently to confirm that he had been prepared to discuss stadium ownership with other parties and urged her to negotiate with us.
We are also disappointed that Cllr Lucas is using the Judicial Review application as an excuse not to answer questions. The application relates to a very specific area of the law and need not prevent the council from answering many of the perfectly sensible questions which fans are asking. During the initial stages of this process, the council, ACL and Walker Morris continued to make media statements and appearances. There is never any legal bar on the truth. We cannot believe that the council’s lawyers would ever advise Cllr Lucas that speaking the truth could prejudice any legal process.
And we’d still like to know the real reason why Cllr Lucas authorised ACL’s rejection of the CVA which cost “my beloved Sky Blues” another 10 points.
The only thing I would say on that Italia and I agree with it all and maybe my question is relevant to most people instead of just yourself, Why do people believe Tim Fisher when he said that the club had 'moved on from the Ricoh Arena' yet are happy not to believe him and dismiss his comments when he says anything else?
Having lost so much money already I think sisu are perhaps now looking to make a slow buck but if Ann Lucas really thinks we have a chance of getting back for Christmas the ball is now well and truly in her court come on Ann tell us what's going on stop hiding behind supposed legalis and make things happen
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