You misunderstand what I mean Yes spiritual home to the fans
What would fisher know about it. He tried talking as though he was a fan he said personally speaking i think we should never have left HR etc as though he was one of us
He'll be long gone and will pop up some where else spouting the same rubbish.
Expect fisher to be kissing the badge next
There have been meetings .... the latest of which was Monday.
Yes ACL putting everything down in a letter ........... hell i would too, i would want a factual tangible record of the discussions and what has been offered.
TF seems to imply CCFC are somehow a front line service in Coventry ........... the stakeholders of ACL being the Council and a charity that meets the needs of disadvantaged kids
Wont be bullied but not averse to bullying though
harps back to Highfield Rd ........... its history HR is houses now we need to look forward.
That said in 2007 to 2008 SISU had the opportunity to break the lease, renegotiate the basis or walk away. The messed up big time, didnt do their due diligence properly. In business you pay for your own mistakes, unfortunately sometimes you drag others down with you.
What they pay per match isnt rent........... it is the contriburion to providing services etc at the match, things like staff and food to corporate supporters, the board room, car parking, health and safety cover, match day insurance etc.
I thought the guy doing the interview did pretty well ......... TF didnt like being pressed on things and dodge some straight answers.
Just to be clear there are mistakes on both sides ....... you would expect that its life its business ......... are ACL pushing their own agenda of course they are and they have every right to. BUT what other business would give a creditor 10 months to pay a debt - not many, i would have thought TF is more surprised than disappointed that they have taken action ...... surprised it took so long!
i would have thought TF is more surprised than disappointed that they have taken action ...... surprised it took so long!
A few lines I got down as best I could from Tim Fisher speaking on CWR:
"I've never bowed to threats and will not bow to threats. This has to be resolved and I'm sure it can get resolved."
"It's about a community asset. For ACL to produce an analogy of being a like a house and a tenant is just odd."
"We've said we will not be bullied into a situation where we have no options. You've got to put other options on the table."
"My personal opinion... we should never have left Highfield Road. We need our spiritual home."
"We don't have a home. We don't have a ground. We have an extortionate rent."
"This has been a problem for years and years. It can't go on, this club is being bled to death. This club is spending a fortune."
"We've been very open [with ACL]. We've put in numerous requests for a meeting, but they've been turned down."
"If you describe doing the right thing as playing fast and loose, yes I'm playing fast and loose. This is about making sure the football club pays the right amount of rent."
"The difference between what we are being asked to pay and what we are expected to pay goes to one place, it goes on the pitch."
"We pay £10,000 a match"
"We will do our bit. We've always done out bit. This is a football club. We are football club front and centre in the community."
"The football club comes first. We are not playing fast and loose with the football club. "We are doing the right thing is to negotiate a rent which is competitive in League 1 and get back into the Championship."
Make of that what you will...
He was pressed repeatedly along the lines of "isn't the right thing to do to pay what you owe and then negotiate the rent?"
So you mean they expected ACL to take action, and as not paying the rent is deliberate, this suggests they wanted them to take action. Why would this be?
This is not about the rent, this is not about the community in Coventry, it isnt about the fans,.......... it is about money and an exit strategy for a hedge fund who made some poor investment decisions
A wolf in sheeps clothing is still a wolf.
He's right we should never have left Highfield Road. Moving to the Ricoh was the biggest mistake this club ever made.
Seven years ago, the rent was probably OK while the economy was doing well and fans were turning up. Now in the lower reaches of L1 it is much too much for a club of our size to pay. ACL and the Club need to find an affordable compromise or else ACL will have a bloody big garden lawn to mow.
Funny how they didn't complain about the rent when we were in tge championship. Pay what you owe or fuck off.
I dont blame people for wanting the best for the club..... fans see big numbers for rent & debt thrown around and quite rightly say hang on that cant be right, it should cost less, our club is suffering
BUT please bear in mind that each side will put their own spin on it, say things that suits their argument or perhaps not say much at all.
When thinking on that try to remember just how many times in the last 5 years (including the last 12 months) that things have been said and we have been able to prove quite easily that 2 + 2 does not indeed = 6. Then think who has been making most of the statements.
This is not about the rent, this is not about the community in Coventry, it isnt about the fans,.......... it is about money and an exit strategy for a hedge fund who made some poor investment decisions
A wolf in sheeps clothing is still a wolf.
Personally i wouldnt want SISU having a share in it. They are playing high stakes poker with our club and the ground and anyone prepared to do that I do not want to own either. Whilst the club will not agree a rent then the value of ACL is forced down. Makes ACL vulnerable but not just to SISU. Whilst CCFC remains financially unviable and bumping around in L1 then to include it in their exit deal actually deflates the stadium value imo.
What I think SISU want to do is not buy 50% but 100% of it. That gets rid of the option held by CCFC for starters and any agreement that only the club can own stadium goes too because SISU would control ACL and CCFC 100%. They would then seperate the two leave the football club to flounder but tied in to a lower rent - only way club breaks even is by dropping wages and performance on pitch suffers. The stadium side of things would be owned probably by SBS&L (you can switch assets around a 100% owned group very easily). Thing about SBS&L is that is where the SISU Fund loans are....... so if the stadium is then sold off at a huge profit their investor loans get repaid........ once that is done they sell off CCFC or let it go bump.
SISU have no allegiance to CCFC only to £'s. Personally I do not want an asset (the stadium) which is a cornerstone to the redevelopment of North Coventry, a large employer, a big contributor to a feel good factor (despite CCFC in the past - this season is at times different), something the city should be proud of in the hands of a hedge fund.
It is a harsh view but perhaps the best thing financially is to let the club go into admin - do a deal at 10p in the pound in a CVA, take 10 point deduction and start again at manageable debt levels with new owners who run the club viably. Once club in administration then SISU have to do a deal because the only other way out of administration is liquidation. Would ACL be open to negotiation on a lower rent, even arent charged on attendance - pretty certain they would be
Just a possible scenario SBT but not impossible :thinking about:
They're both a bad lot, question is, who do you believe?
Any agreements were entered freely by sisu ,they should of taken into account the worse case scernario and factored it in, before making the agreement. Its just bluster, so they can point the finger somewhere else when the shit hits the fan.
Why would the club go under?
When, if, we get rid of SISU the next lot (as Hoff's were) will just be another lot of faceless investors after a quick return. IN our situation we are either owned by Bad Guy A, B or C.
Quick return ? Are you real ?
Sisu don't owe any rent, the football club does.
About as "real" as Hoffman ever taking over.
When, if, we get rid of SISU the next lot (as Hoff's were) will just be another lot of faceless investors after a quick return. IN our situation we are either owned by Bad Guy A, B or C.
Excellent point. Plus the club can only pay from there income which does not cover the rent once the players have been paid. All the substantial food, drink profits on the day all go into ACL coffers.
Who ever negotiated this rent (before SISU came in) needs bringing to task. I guess they got carried away on the wave of excitement when the stadium was built and Premier League was a foregone conclusion !!!
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