Going to the forum tomorrow? Dont forget the rules... (1 Viewer)

dongonzalos said:

He said last time the club is not for sale as it is at its lowest eb.

We owe SISU 75 million.

He admits their plan was always to sell for a profit.

If it costs 30 million to build a new Stadium

Plus loses in the meantime and I think 2 million management fees

I would guess by the time the new stadium is built and starts to actually break even the club will probably owe SISU about 120-130 million.

Will there ever be a point where you can sell a 8-15 k stadium of a league 2,1 or championship club in the outskirts of Coventry for excess of 130 million.

If not why is the club not for sake now. As this is actually a point if no return.

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Nonleagueherewecome said:

Again, pointless, he's slippery like an eel. You won't get a straight answer out of him.

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DazzleTommyDazzle said:

I think that the phrase he used was "the lowest point in the business cycle".

Well, if the plan is really to move out of the city, that'll almost certainly bring significant reductions in gates. The following year under the FFP rules that TF has been so vocal about, our wage cap will be much lower - serious probablity of dropping to the fourth division. Cost overruns on the new stadium. Time overruns on the new stadium. Back to Coventry in four (if we're lucky) years, with a third/fourth/Conference team. Many of the current core support, by now out of the habit of going to the football on a Saturday?

TF may look back on current times as a "golden age".

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crowsnest said:

CCFC ltd is £70m in debt. To come out of administration the creditors have to be paid, therefore the debts will be £0.

Why would we still be £70m in debt after administration?

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crowsnest said:

CCFC ltd is £70m in debt. To come out of administration the creditors have to be paid, therefore the debts will be £0.

Why would we still be £70m in debt after administration?

Click to expand...

crowsnest said:

CCFC ltd is £70m in debt. To come out of administration the creditors have to be paid, therefore the debts will be £0.

Why would we still be £70m in debt after administration?

Click to expand...