Rusty Trombone
Well-Known Member
So is your plan to let them have the ground and anything else they want for less than it's value so that they can make some money back for their investors?
Not really with lucas and her henchman Ainsworth at the helm it aint gonna happen.
So is your plan to let them have the ground and anything else they want for less than it's value so that they can make some money back for their investors?[/QUOTE
As I previously said they have absolutely no chance of getting the Ricoh.
The club needs the acquisition to improve asset value. The hedge fund strategy was to sell the club after five years. Their support for ranson was deluded and then there was a period of drift. Now this is a ten year project which is not unheard of in hedge fund policy. If the Ricoh isms attained they will seek to try and gain elevation through the leagues and then sell.
Mind you Joy would be mortified, that would be plan A royally screwed.
No they will leave when they realise all they can do is lose more money.
So is your plan to let them have the ground and anything else they want for less than it's value so that they can make some money back for their investors?[/QUOTE
As I previously said they have absolutely no chance of getting the Ricoh.
Thanks for that, not what I asked but I guess you're aware of that.
great, lets hope your right. They bought us in Dec 2007, so they were due to sell before 2012 ?,
Now this is a policy to gain elevation through the leagues and sell before 2017 ?
An exciting 3 years ahead then ?
They won't cut there losses and walk , your living in cloud cuckoo land if you think thats what a hedge fund does.
They won't cut there losses and walk , your living in cloud cuckoo land if you think thats what a hedge fund does.
So you know about hedge funds?
They are a high risk investment. Not the sort of thing you would put all your savings in. Sometimes you can make a lot of money. Sometimes you can lose a lot. The higher the risk the more of the chance of a big earner or big loss. Joy has gone for the high risk all or nothing. But she knows that there will always be a deal to be done once she has run out of ways of getting what would be great for her investors.
With all due respect, you might want to question the reasons for your pride a bit.
Are you…
Proud of the fact that £millions less is coming into the city because the football team doesn’t play there?
Proud of the fact that rather than speak out about their plans for the future or ask questions councillors are being gagged by their leaders?
Proud of the fact that the opposition, rather than speak out, are complicit with the ruling group? Is this democracy in action in Coventry?
Proud of the fact that major investors in the city are being put off by the prospect of getting caught up in a similar scenario?
And so forth.
It is completely ridiculous that a council is refusing to negotiate on a stadium with a limited value and in doing so is preventing millions of pounds from being spent in the city.
In a political interview by students in 2010 which can be viewed on You Tube, Brian was asked about his likes and dislikes, and said that although he was born in Coventry he has been a Spurs supporter since 1966.
An opportunist perhaps ? B
Brian claims he was ousted from the Labour Group for voting against (or abstaining ? ) in 1993 when the council was voting to provide funds to build the Ricoh, without which the Sky Blues may well have folded long before now.
Councillors of all parties voted to fund a stadium which the Sky Blues could never have afforded to build.
Where were Brian's loyalties in 1987 ?
I
Councillors of all parties voted to fund a stadium which the Sky Blues could never have afforded to build.
?
Or afford to live in.
They won't cut there losses and walk , your living in cloud cuckoo land if you think thats what a hedge fund does.
Or afford to live in.
Rent was the same as at HR. Couldn't afford to stay there either?
Play down the Memorial?
So many bitter tears in this thread, I bet the manifesto is written in green ink.
I suggest you research Crystal Palaces Admin In 2010 ,under Gilfoyles stewardship IIRC.
The name of said Hedge fund eludes me but they were In for £30M. and got out ,leaving a group of successful Palace fans to take over ,securing the Stadium also as It had hit Admin at the same time.
There was no "rent" at the Ricoh - that was penalties imposed as we hadnt moved out. Oh and we were £60 million in debt as well.
Rent was the same as at HR. Couldn't afford to stay there either?
Play down the Memorial?
So many bitter tears in this thread, I bet the manifesto is written in green ink.
Probably weren't paying £40 an hour for cleaners at HR though to be fair.
Anybody know how to apply for a cleaning job at the Ricoh?
Rent was the same as at HR. Couldn't afford to stay there either?
Play down the Memorial?
So many bitter tears in this thread, I bet the manifesto is written in green ink.
Could you manage the wrath of Grendel if you became a CCC employee?
At £40 an hour I'd survive it!
You mean at HR? I thought the entire point was the figure for the Ricoh was that it was set at the same figure as the last year at HR.
Yes, the last year. What about the 105 previous to that or does mentioning that make you a little uncomfy?
I wonder if you look back at those 105 years how many years we were paying for financing of HR and / or large maintenance bills. Would be interesting to know exactly how owning your ground compares to renting it.
I wonder if you look back at those 105 years how many years we were paying for financing of HR and / or large maintenance bills. Would be interesting to know exactly how owning your ground compares to renting it.
Didn't we manage to drum up 70 million pounds worth of debt whilst owning our own stadium?
Didn't we manage to drum up 70 million pounds worth of debt whilst owning our own stadium?
Cost about £ 5M Torch
£3.25M grant from FL Fa Or other IIRC
Thanks Wingy. Nice stand that. We sat there for the last few seasons at HR. Considering we got a grant for the stand it makes our debt even more shocking.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?