Nonleagueherewecome
Well-Known Member
Hands up who thinks holding it at 6pm with live coverage on CWR would have been better? You know, like they used to. Can't think why they changed..
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Fans forum right now (1 Viewer)
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oldskyblue58
CCFC Finance Director
the prof is professor simon chadwick from coventry university specialises is sports business management & strategy i think
http://wwwm.coventry.ac.uk/researchnet/cucv/Pages/Profile.aspx?profileID=483
http://wwwm.coventry.ac.uk/researchnet/cucv/Pages/Profile.aspx?profileID=483
sky_blue_up_north
Well-Known Member
It begs the question if we have person with qualifications right on the door step why has the club never used his services, seems a no brainier to me
Skyblueheff
New Member
Prof Simon Chadwick was one of my tutors at Cov uni. Good bloke apart from he's a Middlesboro supporter!
Wrenstreetcarpark
New Member
Pity, if he's going to talk about the Ricoh/ACL etc he didn't read this forum first. He might have had an idea of what he was talking about.
Mumford and Daughter
New Member
the sky blue interactive on tonight ?
Brighton Sky Blue
Well-Known Member
Nobody ask about ARVO?
oldskyblue58
CCFC Finance Director
so to sum it up .......... a carefully crafted PR event held in the middle of the day when not surprisingly many people are at work that pays lip service to communication but is largely gloss no substance
I welcome communication whether it is good or bad but come on guys quit the PR games.
It boils down to this lower the rent or give us the stadium but either way we want its income streams or the business is unsustainable in which case we will liquidate and it will be everybody else's fault we made a bad investment.
I would expect a backlash against the council if the worst happened but people aren't that stupid to forget its the owners who have made or not made the decisions for a private company are they ????:thinking about: The council, the charity, ACL do not and never have run CCFC, the owners past and present have been in full possession of the facts from day 1 and made all the decisions that got us here.
I welcome communication whether it is good or bad but come on guys quit the PR games.
It boils down to this lower the rent or give us the stadium but either way we want its income streams or the business is unsustainable in which case we will liquidate and it will be everybody else's fault we made a bad investment.
I would expect a backlash against the council if the worst happened but people aren't that stupid to forget its the owners who have made or not made the decisions for a private company are they ????:thinking about: The council, the charity, ACL do not and never have run CCFC, the owners past and present have been in full possession of the facts from day 1 and made all the decisions that got us here.
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skybluesteve76
New Member
Paxman II
Well-Known Member
Yes OSB that's the correct observation but it's the here and now that matters.
They are not threatening just yanking a few chains to make the point that they need to find a deal that gives a share in the income streams and perhaps a form of ownership of the Ricoh in the longer term.
I think that has been clear all along.
The conspiracies all the while as to why hold this forum at this time is scant regard to other peoples busy lives....it's not always a cloak and dagger event you know.
They need the council's assistance....no two ways about it. The council can gain dramatically by doing just that over the longer term. It's no use bemoaning we are 'waiting' for that elusive investor to come along and promise to build hotels etc. Have they ever thought that should they treat the towns important football club badly that will reflect badly on any future investors opinions of them too?
This lot (SISU and the Council/Higgs) must get their combined heads together and strike a deal to benefit the town and the sooner they do that the better.
Evidence of SISU's intentions on investing further must been seen I agree and lets get the show back on the road.
None of this is rocket science....it's just a matter of egos' being left at the door. SISU is the only current hope for CCFC so work with them. Give them some hard times, strike tough deals but work with them to get it done.
I'm personally fed up with all of them and feel like going along and knocking a few heads together!
They are not threatening just yanking a few chains to make the point that they need to find a deal that gives a share in the income streams and perhaps a form of ownership of the Ricoh in the longer term.
I think that has been clear all along.
The conspiracies all the while as to why hold this forum at this time is scant regard to other peoples busy lives....it's not always a cloak and dagger event you know.
They need the council's assistance....no two ways about it. The council can gain dramatically by doing just that over the longer term. It's no use bemoaning we are 'waiting' for that elusive investor to come along and promise to build hotels etc. Have they ever thought that should they treat the towns important football club badly that will reflect badly on any future investors opinions of them too?
This lot (SISU and the Council/Higgs) must get their combined heads together and strike a deal to benefit the town and the sooner they do that the better.
Evidence of SISU's intentions on investing further must been seen I agree and lets get the show back on the road.
None of this is rocket science....it's just a matter of egos' being left at the door. SISU is the only current hope for CCFC so work with them. Give them some hard times, strike tough deals but work with them to get it done.
I'm personally fed up with all of them and feel like going along and knocking a few heads together!
cloughie
Well-Known Member
Oldskyblue is right sisu are trying to bluff the concil and ACL into a corner of it will all be your fault. Or another word could be used blackmail.
Yet it was sisu who had the wisom and foresight to agree the rent deal. Also sisus wisdom to sell / let go our best players and wonder why we were relegated.
Yet it was sisu who had the wisom and foresight to agree the rent deal. Also sisus wisdom to sell / let go our best players and wonder why we were relegated.
Paxman II
Well-Known Member
Cloughie it's the here and now that's important. You can bleat forever about past mistakes but that won't get you anywhere.
The blame game has to stop.
If there are any other investors out there then this is the time to come forward.....sadly the only one we know of has decided to quit the scene before the going gets tough. Only suggest weakness for me and if Hoffman's crew were to be the new owners anytime in the future I wouldn't have much respect or hope with them either!
The blame game has to stop.
If there are any other investors out there then this is the time to come forward.....sadly the only one we know of has decided to quit the scene before the going gets tough. Only suggest weakness for me and if Hoffman's crew were to be the new owners anytime in the future I wouldn't have much respect or hope with them either!
Wrenstreetcarpark
New Member
This a pretty ill-considered post. You fall completely into the Sisu trap. For you it is okay if everyone gives in to Sisu. They must stop acting responsibly and within the law and distribute charitable or local authority assets to a hedge fund that has made an investment that it, and it alone, has failed to manage properly.
Grow up.
thorninmyside
New Member
Totally agree paxman ... hoffman isn't on the scene. He will be back no doubt sisu decide to liquidate.
But I don't think they will its more likely that they continue as they are right now. They'll get the rent down to about 300,000 and simply loan / buy young players from league 1 and 2.
Another thing should the club enter administration the club could become an attractive proposition to many potential buyers. I don't think hoffman will be first choice should that be the case based on his part in the demise of the club.
But I don't think they will its more likely that they continue as they are right now. They'll get the rent down to about 300,000 and simply loan / buy young players from league 1 and 2.
Another thing should the club enter administration the club could become an attractive proposition to many potential buyers. I don't think hoffman will be first choice should that be the case based on his part in the demise of the club.
Paxman II
Well-Known Member
wow agreeing twice in one day! Though your rent reduction is unrealistic!
Weststreet: I grew up long ago and have been in business for myself all my life. Please try o read into what I'm saying a little more closely so I don't have to spell it out. I'm not suggesting the council/taxpayer gives anything to SISU. Contractual arrangements can and I suspect be made giving them access to revenue streams of the Ricoh. Those agreements can be tailored to suit the Council/Higgs group with various payback terms for want of better simplified words. They won't be simply handing over money. It's business....it's how things get done.
Weststreet: I grew up long ago and have been in business for myself all my life. Please try o read into what I'm saying a little more closely so I don't have to spell it out. I'm not suggesting the council/taxpayer gives anything to SISU. Contractual arrangements can and I suspect be made giving them access to revenue streams of the Ricoh. Those agreements can be tailored to suit the Council/Higgs group with various payback terms for want of better simplified words. They won't be simply handing over money. It's business....it's how things get done.
thorninmyside
New Member
Do you agree with me osb that there is a lot of jockeying going on. Its as though they all know something will happen and there setting out their stalls early so to speak.
For me I think liquidation is almost definately on. .. the investment isn't there and that's clear. I'm pretty sure this is about the best future
thorninmyside
New Member
Near future. Not best future! Bloody phone
lordsummerisle
Well-Known Member
Who doesn't Joe Elliott speak up for or indeed for?
Paxman II
Well-Known Member
Liquidation has to be avoided at all cost. No good to anyone. Yes SISU are using it as a hammer to swing and Fisher has got the attention of the Council.
There are ways out of this if the council co-operate. With scum bags SISU? Well yes as there are no other options. There will be hard negotiations and as I keep saying there will be no freebies but conventional wisdom says make it so. Even the Council will benefit long term.
I would not be surprised if the Council had previously turned down Hoffman's approach in Ricoh ownership and revenue streams when he was making waves and they refused to discuss it on Hoffman's terms. Seems that has come back to bite them as they now end up with the same scenario but with SISU instead? Bet I'm not far from the truth.....and Hoffman has never said has he?
There are ways out of this if the council co-operate. With scum bags SISU? Well yes as there are no other options. There will be hard negotiations and as I keep saying there will be no freebies but conventional wisdom says make it so. Even the Council will benefit long term.
I would not be surprised if the Council had previously turned down Hoffman's approach in Ricoh ownership and revenue streams when he was making waves and they refused to discuss it on Hoffman's terms. Seems that has come back to bite them as they now end up with the same scenario but with SISU instead? Bet I'm not far from the truth.....and Hoffman has never said has he?
rob9872
Well-Known Member
The councils best option would (imo) be not to reduce the rent but to agree to defer a portion of it. We pay market rate that doesn't cripple us which affords us the best chance of success and promotion. At Championship level it reverts back closer to the figures paid last season and if we ever get promotion back to the PL, then the full balance becomes instantly collectable.
This will help the club, help the funding whether it be by sale or continued by SISU and mean that long-term the council and all of the Coventry residents are also not short-changed. I'm sure there will be finer points to iron out but if that was the basis for negotiations to begin, then there must be some middle ground achievable.
This will help the club, help the funding whether it be by sale or continued by SISU and mean that long-term the council and all of the Coventry residents are also not short-changed. I'm sure there will be finer points to iron out but if that was the basis for negotiations to begin, then there must be some middle ground achievable.
skyblue.boycie
New Member
For the people that doubt Hoffman and what he has been trying to do. I learned weeks ago that the potential investors he is trying to get to commit WANT to build hotels on the land near the stadium. If things were not so complicated with CCFC and who owns what im sure we would be looking forward to a brighter future by now.
oldskyblue58
CCFC Finance Director
It certainly isnt simple Paxman thats for sure
I would like to know exactly which income streams they are looking for.......... just the football related ones or are we saying the exhibition halls, the hotel, the casino etc. You see all of those are quite independent of the football club. Most clubs will not have those facilities and it could be argued that CCFC have no right to them in that sense. Most clubs do not have it and "survive" Not only that all those outlets are locked into a 10 year multi - million pound service supply deal with Compass. The club have not invested in those income sources, it isnt as if they had them and had to give them up now want them back. ACL would have to break that supply contract - Compass would be entitled to compensation. it gets more complicated the more you look at it
Giving away income streams or discounting them has serious effects on the value of charitable and public money investments. Ok yes so would bankruptcy of the club - if alternatives were not found. But right now what is CCFC worth to ACL? they are not generating anything and not paying the rent
So we are talking about the pitch area and perhaps some catering outlets?. So they could get the odd concert there on the pitch maybe get match day and pitch event parking. But it isn't 100% profit and isn't going to wipe away the losses. It isnt going to provide much for players
From your last paragraph post 59 it seems i am not alone at looking for cloak and daggers
It seems there is an assumption for some posters that ACL Council and Charity are unwilling to meet and talk and try to assist - I do not see why this is so when you consider their track record over the years. Yes as tims suggests there is a lot of jockeying for position but is there a willingness on the part of the owners to approach talks in a manner where they are prepared to listen, provide proof, to offer, to show a commitment and a plan ...... or is it simply about the money and to minimise the capital loss.
In a costings report from the council there is a mission statement for the project that talks of developing the fabric of the area, developing and involving the community, the social aspects, the employment and regeneration aspects. Can anyone see the owners truly buying into that and what is best for the city ? the council etc know how important CCFC is to the city of Coventry, I would suggest far better than SISU, but it is this importance to the city that SISU are relying on to try to rescue their clients money. Lets be clear hedge funds are driven by one thing and one thing only - MONEY
Yes all parties need to talk talk and talk again I totally agree but at some point there has to be a decision. That decision might be take your loss SISU ...... the city of Coventry will rebuild its team from a clean slate with lots of support from the council, the charity, other bodies and businesses and importantly the fans. Closing the doors on the current CCFC might not be ideal but it might turn out to be the best long term option for the club and city. The council ACL and Charity are not here to make money for SISU - thats just business as you say
I would like to know exactly which income streams they are looking for.......... just the football related ones or are we saying the exhibition halls, the hotel, the casino etc. You see all of those are quite independent of the football club. Most clubs will not have those facilities and it could be argued that CCFC have no right to them in that sense. Most clubs do not have it and "survive" Not only that all those outlets are locked into a 10 year multi - million pound service supply deal with Compass. The club have not invested in those income sources, it isnt as if they had them and had to give them up now want them back. ACL would have to break that supply contract - Compass would be entitled to compensation. it gets more complicated the more you look at it
Giving away income streams or discounting them has serious effects on the value of charitable and public money investments. Ok yes so would bankruptcy of the club - if alternatives were not found. But right now what is CCFC worth to ACL? they are not generating anything and not paying the rent
So we are talking about the pitch area and perhaps some catering outlets?. So they could get the odd concert there on the pitch maybe get match day and pitch event parking. But it isn't 100% profit and isn't going to wipe away the losses. It isnt going to provide much for players
From your last paragraph post 59 it seems i am not alone at looking for cloak and daggers
It seems there is an assumption for some posters that ACL Council and Charity are unwilling to meet and talk and try to assist - I do not see why this is so when you consider their track record over the years. Yes as tims suggests there is a lot of jockeying for position but is there a willingness on the part of the owners to approach talks in a manner where they are prepared to listen, provide proof, to offer, to show a commitment and a plan ...... or is it simply about the money and to minimise the capital loss.
In a costings report from the council there is a mission statement for the project that talks of developing the fabric of the area, developing and involving the community, the social aspects, the employment and regeneration aspects. Can anyone see the owners truly buying into that and what is best for the city ? the council etc know how important CCFC is to the city of Coventry, I would suggest far better than SISU, but it is this importance to the city that SISU are relying on to try to rescue their clients money. Lets be clear hedge funds are driven by one thing and one thing only - MONEY
Yes all parties need to talk talk and talk again I totally agree but at some point there has to be a decision. That decision might be take your loss SISU ...... the city of Coventry will rebuild its team from a clean slate with lots of support from the council, the charity, other bodies and businesses and importantly the fans. Closing the doors on the current CCFC might not be ideal but it might turn out to be the best long term option for the club and city. The council ACL and Charity are not here to make money for SISU - thats just business as you say
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Wrenstreetcarpark
New Member
There is OSB being wise again.
Thank god he has the time and energy to post.
Thank god he has the time and energy to post.
LeamingtonBootBoy
New Member
I bet missus gets fook all though after he expends all his energy of the financial matters of CCFC.
oldskyblue58
CCFC Finance Director
Dont worry LBB I have plenty of energy and she is a happy lady Plus she has learnt to switch off and not hear when i go off on one about CCFC :laugh:
Plus she has learnt to switch off and not hear when i go off on one about CCFC :laugh:LeamingtonBootBoy
New Member
That proves what an utter wanker he is....talk about ensuring you stay on the right side of people.
The Hoff bid looks doomed and Elliott is ass-licking these mugs. :jerkit:
LeamingtonBootBoy
New Member
Dont worry LBB I have plenty of energy and she is a happy lady
Respect OSB...if you are as good at sex as you are on finances, you can come round and do my missus....
skybluesteve76
New Member
It certainly isnt simple Paxman thats for sure
I would like to know exactly which income streams they are looking for.......... just the football related ones or are we saying the exhibition halls, the hotel, the casino etc. You see all of those are quite independent of the football club. Most clubs will not have those facilities and it could be argued that CCFC have no right to them in that sense. Most clubs do not have it and "survive" Not only that all those outlets are locked into a 10 year multi - million pound service supply deal with Compass. The club have not invested in those income sources, it isnt as if they had them and had to give them up now want them back. ACL would have to break that supply contract - Compass would be entitled to compensation. it gets more complicated the more you look at it
Giving away income streams or discounting them has serious effects on the value of charitable and public money investments. Ok yes so would bankruptcy of the club - if alternatives were not found. But right now what is CCFC worth to ACL? they are not generating anything and not paying the rent
So we are talking about the pitch area and perhaps some catering outlets?. So they could get the odd concert there on the pitch maybe get match day and pitch event parking. But it isn't 100% profit and isn't going to wipe away the losses. It isnt going to provide much for players
From your last paragraph post 59 it seems i am not alone at looking for cloak and daggers
It seems there is an assumption for some posters that ACL Council and Charity are unwilling to meet and talk and try to assist - I do not see why this is so when you consider their track record over the years. Yes as tims suggests there is a lot of jockeying for position but is there a willingness on the part of the owners to approach talks in a manner where they are prepared to listen, provide proof, to offer, to show a commitment and a plan ...... or is it simply about the money and to minimise the capital loss.
In a costings report from the council there is a mission statement for the project that talks of developing the fabric of the area, developing and involving the community, the social aspects, the employment and regeneration aspects. Can anyone see the owners truly buying into that and what is best for the city ? the council etc know how important CCFC is to the city of Coventry, I would suggest far better than SISU, but it is this importance to the city that SISU are relying on to try to rescue their clients money. Lets be clear hedge funds are driven by one thing and one thing only - MONEY
Yes all parties need to talk talk and talk again I totally agree but at some point there has to be a decision. That decision might be take your loss SISU ...... the city of Coventry will rebuild its team from a clean slate with lots of support from the council, the charity, other bodies and businesses and importantly the fans. Closing the doors on the current CCFC might not be ideal but it might turn out to be the best long term option for the club and city. The council ACL and Charity are not here to make money for SISU - thats just business as you say
War and Peace! Summarise please, I'm back to work on Tuesday
All the best
Nonleagueherewecome
Well-Known Member
IT'S NOT, IT'S SOME ALAN PARTRIDGE WANNABE! Moments like this are when you realise the season is over. And how at 6pm there should at least have been some CCFC coverage given the state that our club is in. Thanks CWR, top notch community journalism again: obviously playing The Mamas and Papas is more important!
