justvisiting
New Member
No match day revenue would be my guess. The fact that ACL were willing to reduce rent 90% shows what a bad deal it was for the club and why something had to be done about it. However SISU's bully tactics clearly were not the right choice.
Just for a bit of balance, Leeds were and are paying £2m a year rent on the stadium and training facilities. I'm not saying that's reasonable just like I'm not saying £1.3m is reasonable for the Ricoh but we managed to get out of League 1 with £2m rent, a wages to turnover ratio of about 40% (when FFP regs now say about 70%) and a string of pointless vanity building projects being paid for by our useless chairman. We even had our own radio station playing Bates propaganda that lost £1m a year every year.
It makes a difference when average gates are low 20,000s and ticket prices are scandalous but it is possible to be competetive while being screwed on the rent. If SISU can't make a competetive financial model out of a club as well supported as yours, even with £1.3m/year in rent they only have themselves to blame. If they can't do it with a rent of £150K then they're idiots and Coventry would be better off in the hands of whoever from the city did best at Football Manager this year.