RoboCCFC90
Well-Known Member
Can people tell me how they'd feel about a ground in Beduff??
We are all speculating wildly BECAUSE Tim hasn't even shown us any of the promised stadium plans yet.
Great. Thanks. If only there was such a thing as time travel; and you could scoot back 20 or 30 years, and tell folk that in 2016 we'd be playing third tier football to 1K fans at Warwick University, they'd be delighted with the clarification of our destiny
Can people tell me how they'd feel about a ground in Beduff??
As a North Coventry resident I'd be happy enough, would be interesting to build it in the shadow of the Ricoh though.
(I'm assuming this is a post about where the Ricoh is, missing the point that by definition Coventry is the area CCC has juristiction over. If not I apologise.)
I agree. I just can't comprehend the mindset of anyone who think's that a move to Brandon or Warwick would be acceptable. Coventry City playing outside the city boundary is preposterous. It may not be true 'franchise football', but it is taking a club and locating it exactly where the owner fancies, outside of the location that's clearly stated on the club's shirt FFS
As a North Coventry resident I'd be happy enough, would be interesting to build it in the shadow of the Ricoh though.
(I'm assuming this is a post about where the Ricoh is, missing the point that by definition Coventry is the area CCC has juristiction over. If not I apologise.)
You do realise Paxman that although ACL/CCC have played a part in this debacle that this deflection of blame by SISU is nothing but incredible. Once confronted the Ricoh authorities have bent over backwards to appease the hedge fund. Club losses attributed to rent and missed out on F& B profits totalled to about 1/8 th of losses listed in the accounts for a number of years.
I wouldn't absolve the management company of all blame at all but SISU have done a fine PR job on some people in shifting that blame for their incompetence and very shady tiered layer of financial misnomers.
Well I think franchising is well within the over all sisu plan OR a sale at what they see as a decent price, heaven knows what that could be. Unless those who are apparently interested PHIV or this Byng bloke and his Chinamen grab the nettle and grab it quick I believe franchising will happen. Think about it. SISU have done and got away with the hard bit and left the city of Coventry, followed by a few fans lets say about a 1000. From that point relocating isn't very hard, going a few miles (10) further away no big deal compared to the 35 from Cov to Northampton and if they are receiving FL support from some of the committee or board it could happen. The problem as I see it there isn't enough high profile objections other than our own MPs and MEP who else is there ?. The local press just knit pick no and again, local media journo's not prepared to rock the boat. The only true objections and pointed questions come from websites such as this and then that is diluted by some.
No franchising the club to another location is a no no and won't and can't happen. This talk is scaremongering at best. The FL have allowed a major city to take it's club into a ground sharing on a temporary basis only. Even the FL would be crazy as SISU if they sanctioned anything else. They will insist on a return to Coventry. Now if it was say Yeovil then the FL may not react with the same insistence but Coventry is a major city and as such very different to the FL.
But SISU only see one route and that is ultimately to distress ACL and take over the Ricoh, that surely is something that all concerned with the current management company will fight tooth and nail to avoid. So we have stalemate and SISU in response will take it out on the majority of fans by their actions and eventually the strength of the team. They will torment and antagonize until either they get their own way or give up and liquidate the club.
Still think you are hung up in the past if you still believe SISU are still trying to stress ACL? ACL remember have stated numerously they can operate without the football club so that bust that theory being successful. The truth is SISU did start down that road but events altered course for all parties concerned.
There is no denying SISU (the football club) need some sort of incomes streams from the Ricoh in order to make a viable return to the Ricoh. that can't be argued with. I don't suggest ownership to this current custodian of our football club but do see that a deal to satisfy them can be made available if the parties concerned really want to...
That's the thing though, a deal to make the club sustainable was agreed with Higgs, Sisu walked away in the hope of a better deal.
That's the thing though, a deal to make the club sustainable was agreed with Higgs, Sisu walked away in the hope of a better deal.
No they didn't. Just because you keep saying it doesn't make it true.
http://www.skybluestalk.co.uk/threads/21127-CET-Deal-struck-for-half-of-the-stadium-with-Higgs-Trust
http://www.skybluetrust.co.uk/index...7-full-version-of-qaa-to-acl-and-ccfc?start=2
Fisher says they couldn't agree on rent, that's not what he claims (or the accounts claim) stops us from being sustainable.
Tim Fisher conceded at the recent forums that he was puzzled Onya Imre didn't take up the option he had to buy part of the Arena when the opportunity was there.That's the thing though, a deal to make the club sustainable was agreed with Higgs, Sisu walked away in the hope of a better deal.
To be clear, this is what TF said (still waiting for the denial from the council):
"We made an incredibly generous offer. ACL’s bankers were willing to support the offer which would have stopped them from foreclosing on ACL and which would have left ACL debt free, while the council’s deal has not. For reasons which are beyond us, the council then spent £14m of public money to take over as ACL’s bankers and, hence, terminated discussions."
"A deal was on the table in December last year – reached without expensive advisers – which would have provided a viable commercial solution for ACL and the club, but ACL declined it and went on to launch a series of legal measures using two law firms."
"In an attempt to put both the club and ACL on a sound financial footing we had a series of meetings in 2012 aimed at resolving the financial difficulties facing both parties.
"As part of this, we reached agreement with the council to buy out the ACL debt in return for a half share in the stadium business and extension of ACL’s lease to 125 years, which means it remain 100 per cent council-owned – we would just access the revenues, which is crucial. This deal was documented, signed by all parties and then reneged on by the council. The council made the problem even worse by then using public funds, something that is now subject to the judicial review proceedings."
"We need to be very clear that this is not about ownership of the freehold in the stadium which would have continued to be held by the council, with the club taking back the 50 per cent interest in head-leaseholder ACL which it was always intended to have."
To be clear, this is what TF said:
"We made an incredibly generous offer. ACL’s bankers were willing to support the offer which would have stopped them from foreclosing on ACL and which would have left ACL debt free
To be clear, this is what TF said (still waiting for the denial from the council):
"We made an incredibly generous offer. ACL’s bankers were willing to support the offer which would have stopped them from foreclosing on ACL and which would have left ACL debt free, while the council’s deal has not. For reasons which are beyond us, the council then spent £14m of public money to take over as ACL’s bankers and, hence, terminated discussions." Sorry but don't believe a word of it.
"A deal was on the table in December last year – reached without expensive advisers – which would have provided a viable commercial solution for ACL and the club, but ACL declined it and went on to launch a series of legal measures using two law firms."
"In an attempt to put both the club and ACL on a sound financial footing we had a series of meetings in 2012 aimed at resolving the financial difficulties facing both parties.
"As part of this, we reached agreement with the council to buy out the ACL debt in return for a half share in the stadium business and extension of ACL’s lease to 125 years, which means it remain 100 per cent council-owned – we would just access the revenues, which is crucial. This deal was documented, signed by all parties and then reneged on by the council. The council made the problem even worse by then using public funds, something that is now subject to the judicial review proceedings."
"We need to be very clear that this is not about ownership of the freehold in the stadium which would have continued to be held by the council, with the club taking back the 50 per cent interest in head-leaseholder ACL which it was always intended to have."
Sorry, but don't believe a word of it.To be clear, this is what TF said (still waiting for the denial from the council):
"We made an incredibly generous offer. ACL’s bankers were willing to support the offer which would have stopped them from foreclosing on ACL and which would have left ACL debt free, while the council’s deal has not. For reasons which are beyond us, the council then spent £14m of public money to take over as ACL’s bankers and, hence, terminated discussions."
"A deal was on the table in December last year – reached without expensive advisers – which would have provided a viable commercial solution for ACL and the club, but ACL declined it and went on to launch a series of legal measures using two law firms."
"In an attempt to put both the club and ACL on a sound financial footing we had a series of meetings in 2012 aimed at resolving the financial difficulties facing both parties.
"As part of this, we reached agreement with the council to buy out the ACL debt in return for a half share in the stadium business and extension of ACL’s lease to 125 years, which means it remain 100 per cent council-owned – we would just access the revenues, which is crucial. This deal was documented, signed by all parties and then reneged on by the council. The council made the problem even worse by then using public funds, something that is now subject to the judicial review proceedings."
"We need to be very clear that this is not about ownership of the freehold in the stadium which would have continued to be held by the council, with the club taking back the 50 per cent interest in head-leaseholder ACL which it was always intended to have."
Appreciate that Nene park is financially viable and available, but I don't think it makes a franchise anymore realistic. Wimbledon were getting attendances of about 4000, had no stadium and itv (on)digital had just reneged on the lucrative football league tv deal. This meant they would lose about £5 million per year, and these were not planned loses it was just struck upon them. The club would have ceast to exist, but they moved to mk. Still appalling, but different circumstances.
We have a huge fan base, but we also have a world class stadium (albeit it doesn't belong to us, but it's there and ready).
If the club move to nene park then they establish themselves as a lower league club, there is no potential there, no chance of PL football and no real money to be made. To me it makes no sense, a return to the Coventry 'area' has to happen one way or the other, regardless of whether the football league enforce it or not.
Sorry, but don't believe a word of it.
i'm with you there, if shitsu had a signed agreement you can bet your bottom dollar that would have been "leaked" by now
I'm really interested to know on what basis you blame ACL. It was Shitzu who failed to pay the due rent, It was Shitzu who failed to file the accounts when they were due and it was Shitzu who moved your club to Northampton.Have I missed all the other documents they've leaked, then?
As far as I can see, the leaking seems to be coming from 'the other side'.
I'd describe my current position as disliking all parties involved pretty much equally bit I've got to say, the amount of one-eyed partisanship I see on this site is making me question where I should apportion blame.
I'm really interested to know on what basis you blame ACL. It was Shitzu who failed to pay the due rent, It was Shitzu who failed to file the accounts when they were due and it was Shitzu who moved your club to Northampton.