Have ACL been completely beaten here (1 Viewer)

[Evo1883]

i cannot see any other way that ccfc can ever play at the ricoh again unless ACL backs down and gives sisu what they want .
that means at least 50% share of the ricoh with full matchday revenues , What will happen to the ricoh ,will acl back down , can acl survive without CCFC ,and please dont say 4 concerts a year can balance their books ,not possible surely .
infact if ccfc doesnt go back to the ricoh can aCL even survive .
All points in the direction that acl have been beaten here when they clearly didnt expect to lose ,as with all of us i think they underestimated SISUs weird obsession with losing money .
Thoughts guys

 

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[gally9]

Bring in to play the compass catering deal, they won't be happy, Ricoh, £10 mill sponsorship to hear the grounds name.. Er never again.. This is the plan.. It's all fallen beautifully for SISU...

 

[Evo1883]

Bring in to play the compass catering deal, they won't be happy, Ricoh, £10 mill sponsorship to hear the grounds name.. Er never again.. This is the plan.. It's all fallen beautifully for SISU...

sadly yes it has

 

[Broken Hearted Sky Blue]

I dont think so:thinking about:

 

[quinn1971]

i cannot see any other way that ccfc can ever play at the ricoh again unless ACL backs down and gives sisu what they want .
that means at least 50% share of the ricoh with full matchday revenues , What will happen to the ricoh ,will acl back down , can acl survive without CCFC ,and please dont say 4 concerts a year can balance their books ,not possible surely .
infact if ccfc doesnt go back to the ricoh can aCL even survive .
All points in the direction that acl have been beaten here when they clearly didnt expect to lose ,as with all of us i think they underestimated SISUs weird obsession with losing money .
Thoughts guys

Surely this isn't the outcome sisu wanted.They won't want to be running up anymore debt buying land and building a new ground.Will acl consider selling the ricoh to sisu/otiuml as a better option than nobody using it.?

 

[ccfcway]

or, ACL set about using the venue and the RICOH arena becomes an excellent conference and entertainmnet venue..I am sure they would be happy with being linked with that...

 

[deanocity3]

They don' t make much from Concerts I bet
the Artist,crew,stagehands,set up etc must get a far few bob

 

[Evo1883]

Surely this isn't the outcome sisu wanted.They won't want to be running up anymore debt buying land and building a new ground.Will acl consider selling the ricoh to susul as a better option than nobody using it.?

i thought this ,but they have gone the whole hog here in making sure ACL payed for trying to shaft them legally , i think they will now do whatever they can to finish ACL off

 

[Evo1883]

or, ACL set about using the venue and the RICOH arena becomes an excellent conference and entertainmnet venue..I am sure they would be happy with being linked with that...

as some sort of NEC type arena yes ,maybe get a roof on it and host inddor shows like xfactor or something who knows , its a bleak short term future for ACL as much as it is for ccfc

 

[bigfatronssba]

Well lets look at this carefully. Sisu currently have a football club in administration, with no fans, no home, transfer embargo, £70m debt and rising fast and another relegation looking likely.

Acl have a loan to repay at favourable rates, an Olympic ground, an exhibition hall, a casino and a hotel.

Sisu have won nothing.

 

[Evo1883]

Well lets look at this carefully. Sisu currently have a football club in administration, with no fans, no home, transfer embargo, £70m debt and rising fast and another relegation looking likely.

Acl have a loan to repay at favourable rates, an Olympic ground, an exhibition hall, a casino and a hotel.

Sisu have won nothing.

do acl own the casino , and the olympics have been and gone

 

[RFC]

Oh you forgot, the Casino are likely to pull-out,
at least that's what they've said.

 

[Broken Hearted Sky Blue]

Oh you forgot, the Casino are likely to pull-out,
at least that's what they've said.

When was that?

 

[saltaire bantam]

As I posted on another thread, Odsal stadium (dump) has to make money for the Bradford Bulls. If they can pull in £200k from a poxy 1980's concert, at short notice, it shouldn't take some half decent marketing guy long to make many times more from a first class modern arena in Coventry.

 

[Bassman]

The ball is totally in ACLs court.

If they can make the business model work without the football club, then fine. The loss of revenue from CCFCs rent is not really the issue, but knock on effects of deals with Ricoh and Compass may be more of a problem.

They could also look to redevelop the site, maybe as an exhibition or concert hall.

Once the lease agreement is broken, the Higgs charity could sell their share to whoever they fancy, though I'd suggest they'd want to keep it out of the hands of anyone who may give it to SISU long term. Preston could buy their share, and stick a team in there or redevelop the site.

Any of this could totally undermine SISUs long term plan of picking the Ricoh up on the cheap, and leave SISU and the club screwed.

 

[quinn1971]

Oh you forgot, the Casino are likely to pull-out,
at least that's what they've said.

They said that if coventry left the ricoh they would have to consider no longer having a venue at the ricoh . aren't otium in the casino buisness ?

 

[westterrace]

Don't underestimate the amount of business that already goes through the stadium. I was there at the weekend for the Corporate Games and it was heaving. Big snooker event also there later in the year and there's lots of other non-public events that take place there as well. Sure loss of ffooty income will cause a problem but only needs a few other big events to make up the loss.

 

[James Smith]

Don't underestimate the amount of business that already goes through the stadium. I was there at the weekend for the Corporate Games and it was heaving. Big snooker event also there later in the year and there's lots of other non-public events that take place there as well. Sure loss of ffooty income will cause a problem but only needs a few other big events to make up the loss.

If ACL give up on getting us back to the Ricoh and do something else with the stadium then we're really buggered if The TF White Elephant stadium doesn't happen. What's the plan then?

 

[Grendel]

If ACL give up on getting us back to the Ricoh and do something else with the stadium then we're really buggered if The TF White Elephant stadium doesn't happen. What's the plan then?

Do you think sisu will now take then to court - fisher implied in in his statement. Will compass have a case to sue for loss of earnings? No one will pay the £400,000 rent will they? Any idea who on earth would do that?

 

[OyJimmy]

ACL have won as far as I can see. League have just ruled the golden share can't be transferred and ACL won't allow ltd to be sold. Sisu have lost!

 

[Brighton Sky Blue]

Do you think sisu will now take then to court - fisher implied in in his statement. Will compass have a case to sue for loss of earnings? No one will pay the £400,000 rent will they? Any idea who on earth would do that?

Absolutely. Kill the football club, next target the council which provides services across the city. In fact it's two birds with one stone if he can shoot the charity down as well-he's on a roll.

 

[DaleM]

Do you think sisu will now take then to court - fisher implied in in his statement. Will compass have a case to sue for loss of earnings? No one will pay the £400,000 rent will they? Any idea who on earth would do that?

You really are the moron of the forum aren't you ?
It is simple really . 10k fans for 23 games at £20 (average cost) = £4600000.
Take away the revised rent offer and it leaves £4200000.

Even if they got 3000 fans at NTFC next season it only equals £1380000. Take away rent at NTFC etc and we are fucked.
As a poster said earlier it's a "Clusterfuck"

They have got to sell a lot of fucking pies to make the shortfall up . Even if they build a new stadium the fan base will be so eroded by then that the income will be less than last season.

The figures don't even include cup games which have the potential to get a 32000 crowd.(Proven last season in a tin pot cup)

 

[fernandopartridge]

You really are the moron of the forum aren't you ?
It is simple really . 10k fans for 23 games at £20 (average cost) = £4600000.
Take away the revised rent offer and it leaves £4200000.

Even if they got 3000 fans at NTFC next season it only equals £1380000. Take away rent at NTFC etc and we are fecked.
As a poster said earlier it's a "Clusterfeck"

They have got to sell a lot of fecking pies to make the shortfall up . Even if they build a new stadium the fan base will be so eroded by then that the income will be less than last season.

The figures don't even include cup games which have the potential to get a 32000 crowd.(Proven last season in a tin pot cup)

The comparison is between Sisu and ACL. The points you make about Sisu apply to ACL too. Not only that but they're facing an abysmal 26p in the pound settlement. Unless they've had a great year they'll be making a loss.

 

[Brighton Sky Blue]

The comparison is between Sisu and ACL. The points you make about Sisu apply to ACL too. Not only that but they're facing an abysmal 26p in the pound settlement. Unless they've had a great year they'll be making a loss.

Which is what SISU are gambling on. SISU seem to be able to con people into throwing more money into this black hole but ACL don't have such a luxury.

 

[DaleM]

The comparison is between Sisu and ACL. The points you make about Sisu apply to ACL too. Not only that but they're facing an abysmal 26p in the pound settlement. Unless they've had a great year they'll be making a loss.

Yes royally screwed over when it was said creditors would be paid in full. Nice to know we have such hardcore owners. Who actually thinks that even if Sisu gets the ricoh that they will invest in CCFC or charge the club an extortionate rent themselves along with debt interest and management fees.

 

[fernandopartridge]

Which is what SISU are gambling on. SISU seem to be able to con people into throwing more money into this black hole but ACL don't have such a luxury.

Yep. Last weeks csr won't have helped and if the judicial review finds in Sisu's favour it'll be curtains possibly.

 

[Brighton Sky Blue]

Yep. Last weeks csr won't have helped and if the judicial review finds in Sisu's favour it'll be curtains possibly.

Outrageous that the charity which has actually done quite a bit for the club over the years faces extinction if SISU can play their cards right.

 

[James Smith]

Do you think sisu will now take then to court - fisher implied in in his statement. Will compass have a case to sue for loss of earnings? No one will pay the £400,000 rent will they? Any idea who on earth would do that?

What really concerns me is that we would be totally stuffed (more than we are now) if ACL really didn't need the rent from the club and told SISU to do one. Assuming hypothetically that Compass and the Casino are dealt with ACL could say it's too late for any deals. SISU could take them to court but on what grounds? If they still want to argue that the council loan was very naughty then that's not going to help with the groundshare at Northampton, where they're also getting a loan from their council I understand. So what happens to our club if this takes place? At the moment we have the fall back position of the offer from ACL if the groundshare goes wrong but once we lose that safety net......

 

[Warwickhunt]

If ACL give up on getting us back to the Ricoh and do something else with the stadium then we're really buggered if The TF White Elephant stadium doesn't happen. What's the plan then?

SISU have had to place a 1million bond with the FL as an assurity that they will bring Coventry back into or around the city within 3 years

 

[CCFCSteve]

You really are the moron of the forum aren't you ?
It is simple really . 10k fans for 23 games at £20 (average cost) = £4600000.
Take away the revised rent offer and it leaves £4200000.

Even if they got 3000 fans at NTFC next season it only equals £1380000. Take away rent at NTFC etc and we are fecked.
As a poster said earlier it's a "Clusterfeck"

They have got to sell a lot of fecking pies to make the shortfall up . Even if they build a new stadium the fan base will be so eroded by then that the income will be less than last season.

The figures don't even include cup games which have the potential to get a 32000 crowd.(Proven last season in a tin pot cup)

Agree 100%. Financially fishers reasons/motives don't really add up, unless as I mentioned in another post, they plan to be in this for years and years (not the usual behaviour of a hedge fund)

 

[Warwickhunt]

What really concerns me is that we would be totally stuffed (more than we are now) if ACL really didn't need the rent from the club and told SISU to do one. Assuming hypothetically that Compass and the Casino are dealt with ACL could say it's too late for any deals. SISU could take them to court but on what grounds? If they still want to argue that the council loan was very naughty then that's not going to help with the groundshare at Northampton, where they're also getting a loan from their council I understand. So what happens to our club if this takes place?

If you think back PKH said that SISU are going to open Pandora's box this is it and for another 16 clubs in the league who have had some help financially from local government

 

[stupot07]

You really are the moron of the forum aren't you ?
It is simple really . 10k fans for 23 games at £20 (average cost) = £4600000.
Take away the revised rent offer and it leaves £4200000.

Even if they got 3000 fans at NTFC next season it only equals £1380000. Take away rent at NTFC etc and we are fecked.
As a poster said earlier it's a "Clusterfeck"

They have got to sell a lot of fecking pies to make the shortfall up . Even if they build a new stadium the fan base will be so eroded by then that the income will be less than last season.

The figures don't even include cup games which have the potential to get a 32000 crowd.(Proven last season in a tin pot cup)

Average ticket is more like £15, plus 20% of that is VAT.

 

[DaleM]

Agree 100%. Financially fishers reasons/motives don't really add up, unless as I mentioned in another post, they plan to be in this for years and years (not the usual behaviour of a hedge fund)

IMO. I think it all adds up to a debt shifting exercise within the SISU group of companies . Then a massive liquidation of all things Sky Blue just to offset the losses against something. Hey presto debt free SISU. Only time will tell . Only my opinion by the way but something very very fishy is going on.

 

[Sub]

hopefully ACL will refuse the payout and tie SISU up in court for months costing SISU and CCFC money this is the only choice open to them. CCFC has not hit the bottom yet points deduction, relegation all to come, costing SISU millions, bollocks to SISU now !! I hope ACL drag this out as long as possible to cost SISU as much as possible !!

 

[James Smith]

If you think back PKH said that SISU are going to open Pandora's box this is it and for another 16 clubs in the league who have had some help financially from local government

And if that happens and stuffs other clubs, who the hell is going to groundshare with us then?