Nick
Administrator
Surely the council would need to own the club too? The council own the Ricoh now but the club don't have a home so there is no guarantee?
The only guarantee CCFC have a home is if the council own it.
If a private company owns it they can do what they want with it.
IF the Ricoh is a goer without the club perhaps they need to offer the rental at cost in this league and increase based on attendance for Championship and PL.
Surely someone could come up with an equation that would suit all parties. Perhaps spread the risk by allowing Sisu 49% at some point as the relationship grows.
The high rent may have been a necessity in the early days but it looks as if ACL are addressing it in the offers. Whether they would if SISU had not done what they did is another matter.
Lets just agree that both parties have done the right thing (ACL to get arena established - SISU to make them see sense), shake hands and move this on.
It would be interesting to see how other clubs do it. I bet a large percentage do it with a seperate company.
It would be interesting to see how many clubs have multiple companies running them.
It would be interesting to see how many clubs have multiple companies running them.
please explain then because you seem the only person who understands the sisu family ?They don't have multiple companies 'running' anything. The club isn't run by a company. Get the basics right eh?
It would be interesting to see how many clubs have multiple companies running them.
Reading have quite a complicated structure.
we should clarify Reading’s corporate structure. The profit and loss figures are from The Reading Football Club (Holdings) PLC, which is the parent company of The Reading Football Club Limited, which itself has two wholly owned subsidiaries, the Madejski Stadium Hotel Limited and the Reading FC Community Trust.
Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors
Reading have quite a complicated structure.
we should clarify Reading’s corporate structure. The profit and loss figures are from The Reading Football Club (Holdings) PLC, which is the parent company of The Reading Football Club Limited, which itself has two wholly owned subsidiaries, the Madejski Stadium Hotel Limited and the Reading FC Community Trust.
Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors
At the SCG he said there would be a prop-co and an op-co which is normal but that all revenues would go to ccfc.
Sorry KH but it's amazing really everyone shoots off on this subject yet this was already information previously given to us.
Also can someone explain to me why CCC are different compared to Otium, if Otium bought the stadium and it was owned under their business and acted as a management company?
How could anyone possibly trust these cretins not to absolutely fleece every penny out of the Coventry public for as long as people stood it. The Ricoh to SISU would be disaster, the Ricoh to another investor would of course hold the similar risks but hedge funds are hedge funds............scum !!
I wonder how many clubs pay management fees, interest on loans and rent to their owners ????
@ RoboCCFC90............There's a massive difference....CCC have to prove to the Government any income, unlike SISU's "Cloak and Dagger"...."CCFC owe us £30m..£50m..£70m..Ad infinitum.
No investor will ever want the club without the stadium and any investor will also separate the club from the stadium. So are you saying the club may as well close now?
the very last sentence is what concerns most people.That's not the point I am making John, however people are cursing and quick to jump at SISU's door when this information comes out, yet when you can perceive that this is the same situation as the one we had previously renting off ACL (CCC), everyone suddenly forgets it or neglects it.
The owners will look to recoup money they have invested, I don't see how that is a problem as long as it doesn't make CCFC suffer.
the very last sentence is what concerns most people.
That's not the point I am making John, however people are cursing and quick to jump at SISU's door when this information comes out, yet when you can perceive that this is the same situation as the one we had previously renting off ACL (CCC), everyone suddenly forgets it or neglects it.
The owners will look to recoup money they have invested, I don't see how that is a problem as long as it doesn't make CCFC suffer.
they would be recouping their money alot quicker if they hadnt got us relegated and moved us to northampton and alienated 90% of the fans and used CCFC in a land grab exercise
i really hope your right mate.
Exactly. Why is it different if SISU rent it or the Council rent it to us?
they would be recouping their money alot quicker if they hadnt got us relegated and moved us to northampton and alienated 90% of the fans and used CCFC in a land grab exercise
Of course and I understand that emotion, personally I think there is more chance of a succesful CCFC at the Ricoh under SISU then at Arena Tinpot.
Nick, Grendel, Torch, Robo says:
WEAR IS DA PROOF?!
Excellent - that's fine and dandy then.
Nick, Grendel, Torch, Robo says:
WEAR IS DA PROOF?!
It goes even further back then that, whether their business acumen has worked out well, then you leave yourself scratching your head considering it. I just want Seppala and Lucas to agree a deal now and get us home, that is most important.
disagree there m8 as SISU have not proved they can be successful in anything other than distressing other companies
I wonder how many clubs pay management fees, interest on loans and rent to their owners ????
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