It's just hot air from Fisher/sisu until plans are revealed.
Yes indeed. Probably not what you meant, but yes it is exactly this from Fisher.
"In our just outside Coventry maybe not sure yet I'll tell you in three weeks HOMES!"
Sick to death of this.
Unfortunately it is the only way forward,.
Why is he talking about getting a new stadium for upwards of £25M when Sisu could have had the Ricoh for effectively the same price.
The new stadium will be far inferior, not owned by CCFC and not in Coventry.
All incomes will be at the whim of Sisu and all incomes from any related infrastructures will be Sisu's.
We might as well rent off Wasps than rent off Sisu.
Sisu are Idiots if they expect fans to believe this crap.
Shorten it to "In somebody else's home" then. It also fits a lot better.
We could have sung that for the last ten years, couldn't we?
and that's the bottom line
At the end of the day no one genuine believes the stadium will be built so its all bs and we all know it.
Of course there are some logical reasons to build a new stadium but the facts and figures don't add up certainly for no investors and the stadium is just a dream. It will never happen purely because it isn't Possible. It won't be built within Coventry thereforeit won't get hardly any fans and we still would rent anyway.
Any decsion sisu take on our club is to make money it's not for us. The whole idea behind getting the ricoh for free basically was to make more money not the heart break for fans going or not going to Northampton.
Yes giving Wasps rent and revenue ad infinitum is the way forward.
Option 17 - drag WASPS into the next round of legal proceedings in an attempt to distress them. Legal case fails and WASPS put the rent up as a precautionary plan to pay for future legal cases brought against them...
No, actually we don't know. All we have is an opinion.
There are not enough figures available for anyone to make a qualified guess whether it makes financial sense for investors to engage. We don't know if it's possible - in theory almost everything is possible.
Yes, the club would pay rent - as we have done all the time at the Ricoh. And as Wasps does even if they own ACL.
nd money for fun, all we will ever have is owners who want to make money. The previous owners also wanted to make money - they even went so far as to set up CCFC ltd for third party ownership of players (until that became illegal).
Everything in the capitalistic world is driven by money - football being absolutely no exception.
Sisu could have had the Ricoh for £13M ACL + £14M loan = Total £27M and yet that was too expensive.
Yet they will spend a minimum of £25M on a 12,000 seater stadium with limited facilities.
A £25M loan would take 250 years to pay back at £100,000 a year (current rent)
Get real ..... its bullshit.
Sisu could have had the Ricoh for £13M ACL + £14M loan = Total £27M and yet that was too expensive.
Yet they will spend a minimum of £25M on a 12,000 seater stadium with limited facilities.
A £25M loan would take 250 years to pay back at £100,000 a year (current rent)
Get real ..... its bullshit.
I'm not surprised you want us to keep funding Wasps. There is no prospect of a ground being built anyway so this is all hypothetical but in Fisher's scenario the club gets everything the ground makes as it is the 'ACL' of the stadium, and pays SISU a slice of the proceeds. Let's contrast that to now where we pay Wasps a slice but we don't even get all the money *we* make and of course not all of what the ground makes because Wasps own ACL.
Which of these scenarios is better in the long run? I see no successful future just handing revenue and rent to a rugby club owned by someone no different to our Joy.
Sisu could have had the Ricoh for £13M ACL + £14M loan = Total £27M and yet that was too expensive.
Yet they will spend a minimum of £25M on a 12,000 seater stadium with limited facilities.
A £25M loan would take 250 years to pay back at £100,000 a year (current rent)
Get real ..... its bullshit.
It could be bullshit, but the numbers are purely guesswork until the business plan is made.
I don't think even Fisher knows the capacity - he started with 12.000, for the last year or so he has said 18.000.
It would depend on the size of the land, the infrastructure, the distance from town centre, projections of average attendances etc.
You cannot compare buying the Ricoh (and btw they were never offered to buy all the shares) to building a new facility. ACL was not a sound business and the Yorkshire Bank Mortgage was a showstopper. Even ACL's own advisors valued the business a lot lower than £27m - and in the end of course it went for £5.5m.
Current rent won't stay £100k forever. It's only guaranteed for another 3 years. What happens then is up to Wasps.
When ACL offered a reduced rent of £800K/yr many said it was fair and that the club should take it. Then the offer was reduced to £600k and then again to £400k and I think most on here at least thought that was an excellent offer. So I would assume most would think it fair if the rent was at that level with the addition of all match day and non-match day revenues. But again, it depends on the final projection before we will know if the rent level is fair and acceptable.
It isn't his fault. My little girl lost a tooth yesterday. She put it under her pillow last night. She woke up to find that the fairies took the tooth away but left her £1 and some fairy dust. She knows it happened for sure. And she knows for sure she will get the same next time she loses a tooth as she has been told so.
It would take a lot longer than that, in truth, when you take interest into account. I think TF's argument has always been that it wouldn't be that much debt, but until he comes up with at least some top line figures it's hard to see how it works even if you get the £25m down to say £10m.
Regardless, we're just as stuck with Wasps as landlords. For everyone that says that we should 'do a deal' with them, no one has ever been able to put forward a proposal of what that deal would look like.
The truth is that Wasps need the 24/7/365 revenue from ACL as much as we do - what can they actually give CCFC that we haven't already got (a cheapish rental with part of the matchday takings)?
From a purely business standpoint, as I see it the best chance for CCFC at the Ricoh to stay at the Ricoh and prosper has to be Wasps failing. I can't help but feel that this is SISU's primary plan - as nothing else seems to add up.
I know there are plenty experts in shooting down ideas on this forum. But they have no influence on whether a new stadium will be build or not.
There is no evidence that the stadium will ever become a reality, but there's plenty of logical reasons why it should providing the business plan is sound.
You suggest that because there's no named investors after two years, that is evidence the stadium will not be build. It's not. Investors won't be invited until land has been identified, conditionally purchased and a prospect been drafted.
You can call it a shed, a Lego land or whatever, but it's only angry noises without foundation until plans are revealed.
Help me out. I'm confused. (If this has been covered, sorry, hard to pull out among the insults flying around in this thread).
Obviously Otium Entertainment won't be building the stadium, it'll be Arena Bedduth Plc or whatever. What happens to that company if/when Sisu sell the club. Does it (and it's debt) go as part of the group like Holdings was and therefore for all intents and purposes "the club" did build the stadium, or will it be retained by Sisu or sold elsewhere, leaving us back in the same situation of not owning our ground and being at the behest of a landlord.
I can only see those two options, it's going to be impossible to get an answer to that question from Fisher and Joy as "the club's not for sale", but realistically a lot of fans are looking beyond Sisu and onto what happens next. I'm not a high falutin finance type like yourself, but I can't see any option that doesn't load the club with debt or leave us in a worse position than we were under ACL.
That could apply to the SISU point of view too!
Ahhhhhh. Got ya. That makes more sense.
So Sisu are the Council, not ACL here. To stretch the analogy.
Well, at least the property company is. Yes, you could say that they have the same role as the council.
But as long as they haven't sold the club you could say they are 'the Council', 'ACL' and the club owners.
Anything's possible if you have the relationships right. I said in another thread that right now is the time to ask for stuff from Wasps because they're in charm offensive with the people of Coventry. Now is not the time to sulk about the plan to nick the Ricoh failing.
As much as posters on here like to claim otherwise, we really have no idea what Wasps need or what would work for them until we ask.
To be honest, I don't see why it has to be non-matchday stuff from the stadium. I know FFP says it has to come from there, but let's be honest that's hardly an obstacle for Sisu's accountants if they felt like it. We could rent or buy space anywhere to put on events, maybe Wasps could be convinced to rent out parts of the Ricoh for cost as a gesture of goodwill. Personally I'd start by buying something near the ground to be a fans bar for example.
As I said in another post in this thread - until they buy land it's just hot air.
Not really anywhere, it must be within the football complex. But yes, the club could buy facilities at the Ricoh at cost and arrange events to boost FFP/SMCP budget.
I've already posted my views on renting from SISU, being charged management fees by SISU, and interest charges by SISU. I foresee, as you do, a massive rent hike in the Championship....£1.3m at a guess. God forbid we make it to the Premier league...£4-5m again a guess. Step forward Grendel, you're much better at guesses and estimations than I amThe reason why we're in a real catch 22 situation; if Wasps remain and they are not going to try and inflame the situation with CCFC, we are always secondary tenants. The rent we pay is fair. We all want a promotion; think that's a gimme by all on here. Assuming we do within 2 years; the new rent will be massively increased. :guitar2: We're on our road to nowhere.
Surely a set of accountants as, um, creative, as Sisu's could get around FFP if they really wanted to? A gift from the owners here, a management fee there, etc. etc.
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?