Fisher on Talksport (3 Viewers)

[Magwitch]

Is this million quid a year rent correct ? seems very high to me.
At the time when it was announced playing at St Andrews I remember the EFL wanting a million pound bond guarantee or something like that, could that be where this million pound figure has come from ?

 

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[cc84cov]

That was just 2 idiots attempting to have a conversation

 

[HuckerbyDublinWhelan]

Is this million quid a year rent correct ? seems very high to me.
At the time when it was announced playing at St Andrews I remember the EFL wanting a million pound guarantee or something like that, could that be where this million pound figure has come from ?

I’m guessing so or fisher would have denied it

 

[shmmeee]

I think the club are looking at what the arena itself is making from the club being there. The value of the lease increases, stadium sponsorship etc

SISU want paying for that I reckon

I want a share in the equity I’m creating for my landlord. It don’t work like that though.

There’s no denying we are worse off at SA even on the old bad Ricoh deal. It’s a gamble that it’ll pay off in the future. We should be clear about that. It’s not a cold headed business decision.

 

[shmmeee]

We’ve heard the £1m figure from a few places both City and Brum sides and Fisher would’ve denied it. It’s as solid as any figures we know about (which isn’t very solid but best we have).

 

[mrtrench]

He talks about our owners, plural, apart from Joy Sepalla who else is an owner ?

Joy isn't the owner; she's the manager of the Hedge Fund. The owners are the people who have invested in the fund that holds our club.

 

[mr_monkey]

I want a share in the equity I’m creating for my landlord. It don’t work like that though.

There’s no denying we are worse off at SA even on the old bad Ricoh deal. It’s a gamble that it’ll pay off in the future. We should be clear about that. It’s not a cold headed business decision.

Definitely worse off but the only thing we could do to keep the club from being able to continue and play in the league after the insane demands from wasps... If we accepted that deal we would be a worse position with a sword of Damocles over our head with the indemnity

If that clause wasn't on the table and we had ended up at Brum it would have been as bad as the Northampton farce

 

[Flying Fokker]

I want a share in the equity I’m creating for my landlord. It don’t work like that though.

There’s no denying we are worse off at SA even on the old bad Ricoh deal. It’s a gamble that it’ll pay off in the future. We should be clear about that. It’s not a cold headed business decision.

That’s SISU for us. Gamblers. Sixfields it didn’t pay off.

The latest Fisher comments mean continuation of bad press and remind fans how they have been treated.

The posts is also an indication of what this mess is doing to the club off the pitch.

 

[HuckerbyDublinWhelan]

I want a share in the equity I’m creating for my landlord. It don’t work like that though.

There’s no denying we are worse off at SA even on the old bad Ricoh deal. It’s a gamble that it’ll pay off in the future. We should be clear about that. It’s not a cold headed business decision.

No it doesn’t, but whilst the assets value is dropping they’ll struggle to refinance that bond. On top of that they won’t get a sponsor for the stadium.

So I’d argue we could negotiate for that.

 

[Flying Fokker]

No it doesn’t, but whilst the assets value is dropping they’ll struggle to refinance that bond. On top of that they won’t get a sponsor for the stadium.

So I’d argue we could negotiate for that.

I’d like wasps to go bust. They are in a weak position but city playing at St. Andrews is also reprehensible.

 

[Liquid Gold]

I want a share in the equity I’m creating for my landlord. It don’t work like that though.

There’s no denying we are worse off at SA even on the old bad Ricoh deal. It’s a gamble that it’ll pay off in the future. We should be clear about that. It’s not a cold headed business decision.

People who make disingenuous points about a Ricoh deal being like home ownership are as bad as people who make disingenuous points about national finances and macroeconomics being like household budgets.

 

[mr_monkey]

I’d like wasps to go bust. They are in a weak position but city playing at St. Andrews is also reprehensible.

It definitely is but was the only choice we had to keep the club a going concern due to wasps and their insane demands.... Signing up to that astronomical rent deal many years ago almost brought the club to its knees, we cant be in that position again in a few years time, the deal has to be beneficial to us

 

[shmmeee]

People who make disingenuous points about a Ricoh deal being like home ownership are as bad as people who make disingenuous points about national finances and macroeconomics being like household budgets.

Yes, comparing commercial property rental with residential property rental is the same as comparing people with nations. Good one.

 

[HuckerbyDublinWhelan]

I’d like wasps to go bust. They are in a weak position but city playing at St. Andrews is also reprehensible.

It is but the club in this situation have no alternative. They cannot and should not sign an indemnity agreement.

I’ve said before, the fans are allowing their hatred of SISU to get ahead of them. If we when to St Andrews in our droves - the club would be in a stronger negotiating position

 

[better days]

I wonder if this interview was tactical
Dave Boddy is handling the negotiations with Wasps
Perhaps Fisher was using this as a signal to Wasps that SISU want to do a deal to strengthen Boddy's hand?
We all know the sticking point was the legal action and Wasps demand for an indemnity
Without the indemnity there's a deal

 

[Sky Blue Pete]

I’m guessing so or fisher would have denied it

He said it wasn’t as high as that but seemingly didn’t know so yep probably close to the right figure

 

[chiefdave]

Is this million quid a year rent correct ? seems very high to me.

Its a dangerous game when people start throwing rent figures around as you're rarely comparing like with like.

As an example if you look at a headline figure of £100K at the Ricoh (even through any new deal was unlikely to be at that figure) or £1m at St Andrews it makes the Ricoh deal look fantastic.
But what if the Ricoh deal is £100K plus £500K matchday costs with no access to f&b, parking etc compared to £1m all in at St Andrews with access to f&b, parking etc. That's a very different story.

 

[Mcbean]

Some celebrity fans thrown in there So far up the list I can’t remember any of them !

 

[HuckerbyDublinWhelan]

Its a dangerous game when people start throwing rent figures around as you're rarely comparing like with like.

As an example if you look at a headline figure of £100K at the Ricoh (even through any new deal was unlikely to be at that figure) or £1m at St Andrews it makes the Ricoh deal look fantastic.
But what if the Ricoh deal is £100K plus £500K matchday costs with no access to f&b, parking etc compared to £1m all in at St Andrews with access to f&b, parking etc. That's a very different story.

That’s the picture our good friend at PSB_Group is peddling

 

[Sky_Blue_Dreamer]

No it doesn’t, but whilst the assets value is dropping they’ll struggle to refinance that bond. On top of that they won’t get a sponsor for the stadium.

So I’d argue we could negotiate for that.

If you're arguing for that what you're actually trying to strike a deal for is part ownership.

 

[HuckerbyDublinWhelan]

If you're arguing for that what you're actually trying to strike a deal for is part ownership.

Not necessarily - I’m not arguing for 50/50 etc, I’m arguing if you’re going to use our name there’s give and take.

ultimately we could do with part ownership, but why should we pay say 500k for 23 days with no income from it - that’s madness

 

[shepardo01]

Is this million quid a year rent correct ? seems very high to me.
At the time when it was announced playing at St Andrews I remember the EFL wanting a million pound bond guarantee or something like that, could that be where this million pound figure has come from ?

Was told 50k per game from a city side and 1.2 mil from a blues side.... have posted this on here before....both kind of about equal... however, if it was on a game by game basis... we might have saved a bit!
Although some suggesting it is high, it hasn't potentially bankrupt the club like signing an indemnity clause to play at the Ricoh may have done.
Heard that the F&B/parking deals were infinitely better for us than at the Ricoh, so some balance...all be it small....

 

[Sky Blue Pete]

I wonder if this interview was tactical
Dave Boddy is handling the negotiations with Wasps
Perhaps Fisher was using this as a signal to Wasps that SISU want to do a deal to strengthen Boddy's hand?
We all know the sticking point was the legal action and Wasps defend for an indemnity
Without the indemnity there's a deal

I think so absolutely this was all part of the negotiation

 

[MalcSB]

Probably would’ve hit 7k average at St Andrews over a full season, maybe more if we had a sell out for the title winning game but let’s say 7. +30% for promotion Id say 9-10k average in the Championship.

vs at the Ricoh, 12.5k in 18/19, +10% last season = around 14k, +30% promotion that’s 17-18k

Roughly £10/game income per ticket, difference of say 8k per game that’s 80k x 23 = 1.84m in tickets, maybe same again in merch and the like. Add in £1m/year rent at SA.

So by my reckoning any deal which is less than say £4m a season rent at the Ricoh is commercially beneficial.

As a reminder we were paying £300k apparently in 2018/19.

Can we stop the idea that this is a commercial decision?

I’m sorry, but anything up to £4million a year would be OK? You must be joking, surely .
£1.1 million was too much and saw us off to Northampton.

 

[Irish Sky Blue]

He talks about our owners, plural, apart from Joy Sepalla who else is an owner ?

He also talks about `The Board' which in effect is himself and Boddy.

 

[shmmeee]

I’m sorry, but anything up to £4million a year would be OK? You must be joking, surely .
£1.1 million was too much and saw us off to Northampton.

I didn’t say “OK”, I said “Commercially beneficial”. Point is current deal is costing us more than £4m/season in reality.

Just pointing out that we didn’t move because of the rental cost, but because we thought it’d strengthen our hand elsewhere. Similarly we aren’t staying away due to cost, but because the demands placed on us to return (no state aid case) Would hamper our hopes for a future return.

The idea that we broke a £1.2m/year lease for a £1m/year lease plus £2-4m in lost revenue for financial reasons doesn’t stack up. Even less so when you consider the reports our last deal was £300k/season.

 

[HuckerbyDublinWhelan]

I didn’t say “OK”, I said “Commercially beneficial”. Point is current deal is costing us more than £4m/season in reality.

Just pointing out that we didn’t move because of the rental cost, but because we thought it’d strengthen our hand elsewhere. Similarly we aren’t staying away due to cost, but because the demands placed on us to return (no state aid case) Would hamper our hopes for a future return.

The idea that we broke a £1.2m/year lease for a £1m/year lease plus £2-4m in lost revenue for financial reasons doesn’t stack up. Even less so when you consider the reports our last deal was £300k/season.

the rent was going to go up. Besides the argument wasn’t paying 1.2 million - it was paying 1.2 million and not received any kind of benefit from the stadium. We do receive income from St Andrews albeit on a limited scale

 

[shmmeee]

the rent was going to go up. Besides the argument wasn’t paying 1.2 million - it was paying 1.2 million and not received any kind of benefit from the stadium. We do receive income from St Andrews albeit on a limited scale

Brass tacks: do you reckon we are better off financially with say 8k fewer fans at St Andrews at £1m/year or at the Ricoh with those fans on £300k/year but receiving half the F&B benefit? (Based on Fisher saying we got about the same at SA as we did with twice as many fans at the Ricoh)

I don’t see any way this can be defended on financial grounds unless you include the potential bigger prize down the line of the Ricoh itself (which I still have doubts would be the actual outcome of a successful state aid complaint).

 

[oldfiver]

He also talks about `The Board' which in effect is himself and Boddy.

The Board is Tim Fisher and Laura Deering - the latter being the SISU representitive

 

[HuckerbyDublinWhelan]

Brass tacks: do you reckon we are better off financially with say 8k fewer fans at St Andrews at £1m/year or at the Ricoh with those fans on £300k/year but receiving half the F&B benefit? (Based on Fisher saying we got about the same at SA as we did with twice as many fans at the Ricoh)

We’ll find out next February won’t we. But it does show if our fans would stop the blind hatred of the owners - if they turned up and supported their damn team, it would have been viable.

If you go into hypotheticals you could argue that because of the pitch it’s not guarenteed we’d have got the same results resulting in less fans

 

[mr_monkey]

We’ll find out next February won’t we. But it does show if our fans would stop the blind hatred of the owners - if they turned up and supported their damn team, it would have been viable.

This a million percent, at the end of the day any "boycott" hurts the team you supposedly love and makes everything less viable so you cant moan if your actions negatively affect the team.

Northampton you can understand why people didnt go but there was no reason or excuse not to go to brum

 

[shmmeee]

We’ll find out next February won’t we. But it does show if our fans would stop the blind hatred of the owners - if they turned up and supported their damn team, it would have been viable.

If you go into hypotheticals you could argue that because of the pitch it’s not guarenteed we’d have got the same results resulting in less fans

And if my aunt had balls she’d be my uncle. But the reality is you won’t ever get those extra 8k, because that’s what happens when you move away from your customer base. I know it’s cool to blame the fan base here, but any business that blames its customers for its lack of success is a poor business IMO. We don’t have a right to anyone’s time and money.

 

[shmmeee]

This a million percent, at the end of the day any "boycott" hurts the team you supposedly love and makes everything less viable

It’s not a boycott in any serious proportion, it’s simply the difference between a game that’s easy to get to and one that’s not. The idea of NOPM or whatever has always been a distraction. Our attendances are influenced far more by our proximity to our fan base and success on the pitch than any boycott.

 

[mr_monkey]

It’s not a boycott in any serious proportion, it’s simply the difference between a game that’s easy to get to and one that’s not. The idea of NOPM or whatever has always been a distraction. Our attendances are influenced far more by our proximity to our fan base and success on the pitch than any boycott.

But for some it was actually easier to get to Brum due to the location of the Ricoh, especially those who don't live in Coventry anymore

 

[HuckerbyDublinWhelan]

And if my aunt had balls she’d be my uncle. But the reality is you won’t ever get those extra 8k, because that’s what happens when you move away from your customer base. I know it’s cool to blame the fan base here, but any business that blames its customers for its lack of success is a poor business IMO. We don’t have a right to anyone’s time and money.

No you’re correct. But also the way this whole move has been portrayed has encouraged a boycott.

Other teams fans would have supported their club. I want the club to be in the strongest negotiating position possible.

we need to return, the possibility of 20k per week should mean the council want a return.

but This club has worth now, they should not just return for the sake of returning. I want SISU to work damn hard to make sure wasps don’t benefit from us without giving something back.

if our fans don’t want the same, and just want to prop up the Arena because “KeEp CoV iN CoV” then they’re fucking morons