italiahorse
Well-Known Member
We are under Wasps !!
Have you got enough information to say Sisu plan will make us better off ?
Your choice of language shows why that is not so.
So you know all the financing details of the new stadium? You know who will own it and how much rent if any we will pay? You must also know what the additional incomes we will have access too and what percentage of those incomes we will get ?
I bet you also know it's location and what proportion of existing fans wil follow outside Coventry ?
Well done.
But I don't so I want that information otherwise Sisu will be just playing games with us.
So you know all the financing details of the new stadium? You know who will own it and how much rent if any we will pay? You must also know what the additional incomes we will have access too and what percentage of those incomes we will get ?
I bet you also know it's location and what proportion of existing fans wil follow outside Coventry ?
Well done.
But I don't so I want that information otherwise Sisu will be just playing games with us.
You might find this relevant http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-would-pay-8797060
We are under Wasps !!
Have you got enough information to say Sisu plan will make us better off ?
You seem content to let wasps play games with us.
I don't know how you of all people can include a factor as to how many will follow outside the City.
Really have a word with yourself.
You seem content to let wasps play games with us.
I don't know how you of all people can include a factor as to how many will follow outside the City.
Really have a word with yourself.
I can say with absolute certainty that restricting the options to the sole option of being subservient to a ruthless commercially driven operation will mean the chances of us escaping SISU ownership/existing will diminish immensely.
I can say with absolute certainty that restricting the options to the sole option of being subservient to a ruthless commercially driven operation will mean the chances of us escaping SISU ownership/existing will diminish immensely.
Really ?
That's a giant leap of faith.
If a new ground is built it will have to be paid for by someone else, the club will not be able to afford it. The rent will have to be low enough to be 'affordable', otherwise our owners will have to fund the losses. For those reasons the club will be better off getting a new ground from a profit point of view. This doesn't mean though that the much heralded income will be higher than it could be at the Ricoh.
What are SISU doing that is in any way better?
They (SISU) must still believe they will receive compensation from CCC or they would not continue with the court action. The success of this action will determine if we ever get our own stadium, in my opinion.
I see us being at the Ricoh, under Wasps ownership, for at least two more years. This season plus two more.
If we win any claim against CCC, if will be appealed, so two years for that to run its course.
If we lose then SISU will soon disappear. Then what happens ????
You might find this relevant http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-would-pay-8797060
Do you mean SISU?
Follow Sisu blindly then.
As opposed to blindly following a random rugby club and hanging on their every word? Whereas nobody actually blindly follows SISU.
Whoever pays for the ground will want a return. That return will be rental or access to revenues generated by the stadium. Unless you know differently ??
Except those that went to Sixfields.
And the rent and/or access to revenues will have to be set at a level that can be afforded by the club, otherwise SISU will have to fund the difference, and why would they sign up to that?
Except those that went to Sixfields.
Did they follow them blindly?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Why shouldn't they? Wasps can say they want 5 million a year else we cant play there again, but if SISU say no and move us it is SISU's fault.
And the rent and/or access to revenues will have to be set at a level that can be afforded by the club, otherwise SISU will have to fund the difference, and why would they sign up to that?
If SISU are the propco as I understand it they can borrow against the stadium we're renting. If they have to put some money in to cover losses on rent you can be almost certain it's going straight back into their pockets and all the while they're using the stadium they kindly built us as collateral to fund other projects. A new stadium could be a win win for SISU, it's naive to automatically assume that the same follow's for the club. Not saying this is the likely scenario just that we have more questions than answers and like I pointed out in an earlier post Tim's answer saying it will be a propco opco arrangement asks more questions. Questions that any serious CCFC fan should want asking and answering.
Did they follow them blindly?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
If SISU are the propco as I understand it they can borrow against the stadium we're renting. If they have to put some money in to cover losses on rent you can be almost certain it's going straight back into their pockets and all the while they're using the stadium they kindly built us as collateral to fund other projects. A new stadium could be a win win for SISU, it's naive to automatically assume that the same follow's for the club. Not saying this is the likely scenario just that we have more questions than answers and like I pointed out in an earlier post Tim's answer saying it will be a propco opco arrangement asks more questions. Questions that any serious CCFC fan should want asking and answering.
A bit like wasps borrowing money on ACL?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
On the basis the the propco will have to borrow money to get a stadium built, there won't be any equity left to borrow any more.
I don't follow the part about them putting money in their pockets, surely it's their money in the first place.
The stadium will cost at least £30M.
What compensation do you expect Ccfc to get ?
i haven't a clue what they could potentially win but SISU must believe it would be substantial or why bother. They will request many millions in compensation if they win the case and a subsequent appeal. After years of "sitting on the fence" I personally believe they will win. Is going to be a very interesting outcome.
Aren't they supposed to be bringing in a retail partner to cover a big portion of the costs? I'd imagine the stadium might be eligible for some grants. Although none of this has ever really been explained more than a few flippant comments here and there so we're both pissing in the wind really with how it will be financed. It's probably a bit much to expect a business plan after two years I guess
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