I think they have tried to find a site - to cover themselves for what's happening now. Cov is out of the question for lots of reasons - as is green belt. It's not going to happen. We should be "embedding" ourselves with Wasps. They need us to an extent and we have to get a good deal for the time being. I think we will see something happen when we get nearer the 4 year deadline. Then we will see how the cookie crumbles.
Has anyone got any updates from the SBT meeting tonight? (1 Viewer)
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I think they have tried to find a site - to cover themselves for what's happening now. Cov is out of the question for lots of reasons - as is green belt. It's not going to happen. We should be "embedding" ourselves with Wasps. They need us to an extent and we have to get a good deal for the time being. I think we will see something happen when we get nearer the 4 year deadline. Then we will see how the cookie crumbles.
Senior Vick from Alicante
Well-Known Member
I think it will be a lot sooner than four years. The business model used has not worked, we will be lucky to be in the professional leagues by then. Its gone too quiet over the last three weeks, something is going on behind the scenes, Waggot has been the only one to speak publicly in that time and he wasn't a man that sounded that confident. Its just a hunch, rumours, lack of stock in the shop, something's wrong but as per usual we will be the last to know.
Paxman II
Well-Known Member
One is lock stock and barrel the other a few shares, no income streams etc etc.
The length of lease makes all the financials an entirely different proposition.
Gazolba
Well-Known Member
I think everyone is deluding themselves if they think there will be a new stadium. Why would our owners invest mega-millions in a new stadium when they wont even invest in the team? I cannot see how a new stadium will benefit the owners in any way. I see us being liquidated, sold, or moved to another city before I can see a new stadium. It would make more sense to buy an existing stadium, oh but wait ... they could have done that but didn't.
Kingokings204
Well-Known Member
My hunch is sisu cant and wont wait for 4 years. The reason is what do they do in those 4 years..... Keep losing money? Another relegation? More time wasted? Seems no reason to stay around to me. Senior Vick could be right, it has been very quietly lately and last time it went this quiet we moved home. There to me just has to be a bigger plan to play out now.....surely?
It is very worrying. If they have Cash flow plus, they could plod along a bit longer. I would rather they throw the towel in sooner. But the end of the agreement ( if they get that far ) will be the decider- they won't have a stadium and Wasps have the keys to the Ricoh.
Kingokings204
Well-Known Member
That's the worrying thing martcov which is why its best to tie up a longer term rent deal now while wasps are new and want the business of a tenant whilst its all still unknown as I don't care what anyone says wasps want ccfc here as its rent and rent is money and money is life. If sisu wait for the 4 years to end to see how wasps get on then yes it could work if wasps are failing but want if wasps are a massive success and don't need or want ccfc then and charge us shit loads to stay? that's the worrying bit so tie up a very good rental deal now with revenues TBC and sell the club and get out of here.
They could and may plod on as you say but if we are back to the silly games and trying to now distress wasps then its more misery and heartache for us fans so for as much as I hated Walsall at the weekend when I went to the game and it was dire and boring at least I got to watch my team I love in Coventry something I couldn't do last year.
Rusty Trombone
Well-Known Member
Sorry, you are wrong here, it's exactly the same in everything except the length, one is 125 years one is 250 years. As the argument you were making is that SISU wouldn't know that a long lease was a possibility, then, well, that's wrong isn't it.
It's possible things like ground rent changed when they increased the length of the lease but regarding things like revenues it would all be exactly the same, Paxman I think you've gotten very confused here.
Brighton Sky Blue
Well-Known Member
Wasps will only need us to boost their profits-the club will be permanently hamstrung under these arrangements.
yep. up shit creek and dependant on Wasps - and our relationship to them....
Brighton Sky Blue
Well-Known Member
You know I find it odd you are that opposed to the club building outside Coventry if that's what it has to do to survive when you were so sympathetic to Wasps relocating 'because they had to'.
What's the difference?
Nick
Administrator
It will be because of the "ambition".
Although when asking if it would be ok to move us out of Coventry to survive and show ambition it will be "but, but, but"
1. It's not Wasps fault that they are here and it is not necessarily a bad thing long term - with the proviso that we at some time in the future belong to the same group. Sharing the stadium will bring financial benefits. At the moment to Wasps, but I sincerely hope that we will join their group in some form at some time.
2. I don't think that we will get planning permission for a stadium in Coventry, for many reasons. A second bowl is not a priority for the development of Coventry.
3. A move to a small town nearby will not bring more customers and more revenue - probably less will come. SISU will expect a return on their investment in the form of rent and/ or a share of F&B. We will not be any better off on the footballing revenue side of things. The stadium will not happen in my opinion, and even if it did, we wouldn't be any better off as SISU would be the landlords instead of Wasps.
Our only - slight - hope is that Wasps see the potential in having 2 successful teams sharing the same venue and in the same group. Whilst I think buying CCFC is too much for them at the moment, I still think medium term it would be a good idea to bring them into the group - using money from yet to be found investors or even SISU/ Arvo.
Strange that SISU are so quiet - not even slagging off the council or Higgs at the moment.
no, it will be because building outside of Coventry is not what Coventry need to do to survive, in fact it's a much worse decision financially than just staying put.
If Wasps chucked us out (they won't) and people still wouldn't accept a new stadium outside of Coventry then you and BSB would have a point, until then you don't.
Personally I have no issue with 5 or 10 more mins in the car, my issue is simply that the stadium is clearly fantasy, it makes no sense financially, they clearly aren't willing to invest the amount of money it would cost even if it did make sence and if they were willing to spend 20mill + they should have brought the Ricoh even if they had to accept they had overplayed their hand and double wasps offer at the eleventh hour. It would still have been massively more financially viable than building themselves.
Everyone is just playing along with sisus game by continuing to believe it's possible that we may build a stadium.
torchomatic
Well-Known Member
He'll use the cut 'n' paste quote that "they needed a home". That seems to be the buzz phrase.
torchomatic
Well-Known Member
dongonzalos
Well-Known Member
How will we survive by producing an extra 25 million in debt from somewhere? That will have to be funded somehow. I don't think the additional 23% F&B we were going to miss out on due to compass will cover it?
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I'm not convinced we will survive, it's constant down hill from here until something changes and everything they are doing makes the decline faster. This isn't an argument for building a stadium though that's just foolish thought, it simply isn't going to happen, if it were going to, we'd own the ricoh by now.
Brighton Sky Blue
Well-Known Member
You are assuming that I think that a new stadium is the only way forward for the club. What I asked martcov was quite different and that was that if the club had to build a new ground outside Coventry to survive, would you support it on the grounds that it 'had to be done', as is claimed that Wasps 'had' to as well? This is not for debating about whether that is the case now, but if that situation arises, would you back it or not?
oldskyblue58
CCFC Finance Director
I think any CCFC fan would have to support it BSB if that was what had to be done. That it implies it is to be the only or final option left doesn't it. Because otherwise before accepting the owners assessment personally I would want a lot more detail, reasoning and comparison as to why "it had to be done"...... and that's no matter who owned the club
I'm not assuming anything, you asked what the difference I was, I responded that the difference is that ccfc don't need to build a new stadium to survive, infact it's clearly a worse option financially.
If ccfc had to build a new stadium outside coventry to survive I would support it (assuming reasonably close to coventry) if it wasn't reasonably close to coventry but it was truly necessary in order to survive I wouldn't like it, it would probably be the end of my support but I'd understand it. I don't see any realistic situation where this could occur but there is my answer if it ever does.
I'm not even against building a new stadium now (as long as it fulfils our needs) other than the fact that if they are willing to do it they are stupid beyond all belief not buying the ricoh. It's just that I'm 100% confident it isn't happening, 100% confident there is no financial argument for it and that believing it might be possible is doing exactly what sisu want.
Brighton Sky Blue
Well-Known Member
Which is all I was getting at. We are between a rock and a hard place whatever we decide to do as a new ground would take forever to get built and some serious finance behind it in the first place. But thinking far into the long term, why spend/lose £25m to Wasps when the same money could go on securing the club its own home? If a favourable agreement for the club can be reached with Wasps I could accept it, I just don't see why Wasps would enter into one in the first place.
Brighton Sky Blue
Well-Known Member
All I was getting at, thank you.
If that was the only alternative, then yes I would have to support it. I think that it isn't the only alternative at the moment. It's up to SISU to do some sort of a deal with Wasps. Being involved in some way at the Ricoh is the easiest way forward ( it won't be easy either though - if you get what I mean ). I just hope that SISU are weighing up their options with Wasps and that Wasps are open to suggestions and maybe some form of investment - inwards from SISU or, at some future time outwards towards buying into CCFC as perhaps a shareholder. I am sure that 2 teams using the Ricoh is better for everyone financially and there is still a deal to be had. Just a case of relationships and negotiating skills. Naja....... :-(
Astute
Well-Known Member
I hope it stands for No Dickheads Allowed. That would stop Fisher from fucking everything up as he normally does.
torchomatic
Well-Known Member
Grendel
Well-Known Member
Prevents the likes of Lucas and mutton from popping in as well
Astute
Well-Known Member
I would like to agree, but didn't he say that he had spoken to one of them but wouldn't say which one?
letsallsingtogether
Well-Known Member
L thought they said earlier in this thread that no dickheads were allowed?
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James Smith
Well-Known Member
Ooh on the one hand I want to say yes but also as someone else pointed out the judge in the JR did see more evidence of the ACL finances/financial position than we have. So maybe there was something in what ACL were saying or not. Do Wasps still have to produce the ACL accounts now that they've bought the company? If they do that will settle the matter better than we can on here, with no real evidence to prove things either way?
Moff
Well-Known Member
New owners, a rich benefactor, better players, entertainment, commitment, shots on goal, winning games, a promotion push, support from the local Council and business community, better attendances and if I was greedy I would say owning the Ricoh (Not Sisu), but that's a long shot.
Not much to ask is it
