No business would accept the offer as it stands.
The crowd will always be over 5,000, so how much rent will the club pay?
The ball that Michael has started rolling needs to be stopped, and then another ball, one with details on it, can be rolled.
Rent offer - As I see it you haven't offered them anything that they couldn't get from ACL themselves, so what am I missing that makes your offer more attractive?
No business would accept an offer to cover a large part of their operating costs from a third party with no risk unless they reach a turnover which means that they are capable of covering these costs themselves? Are you sure? I can't imagine that there's a director in the world who wouldn't at the least seriously consider this, presuming that their primary interest is making the business that they are in charge of successful. Which I'm pretty sure they are supposed to do by law.
Out of interest Tony, what do you think the average attendance would be at the Ricoh next season?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Amazing watching the contortions some are going through to make out that we should stay in Northampton.
On what planet is this not a good deal for the club? It's literally no lose.
We all know there's only one reason to reject it and it's because you care not for the club, just for the property you're trying to swindle.
I wasn't suggesting that KCIC pay all these. I was merely saying that while there is a clause in there for SISU to pay back KCIC if a certain condition is met, then it will probably be rejected and to back sisu into a corner then the "free" rent offer would need to be water tight so that they couldn't turn it down.
If gates are over 5k which they probably would be, then why wouldn't they do their own deal with ACL to come back? I think we all know the reasons why
No one days we should stay in Northampton, Mr Council. Who said that?
No one days we should stay in Northampton, Mr Council. Who said that?
I await a joint statement from SBT, KCIC and GCBTTR that the club should accept this.
Over 5000 but probably not as much as 10000. So there's no risk for sisu.
What do you think the average attendance will be at suxfields next season if we're still there? Will it cover the rent cost even with the pie money?
So if we will be getting more than 5k and sisu will be paying the rent anyway, what's the benefit to the KCIC offer? Why is that better than just doing a deal themselves? To me it seems there is no risk to KCIC backers at they will be getting their money back.
You can ask about Sixfields all you want, we all know crowds will be shit, revenue will be shit, and we would be better off at the Ricoh.
Should sisu accept this offer? No, they should do a deal themselves to return.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
The benefit? You mean aside from Coventry playing in Coventry? Unless you're happy with Coventry playing in Northampton?
Sisu have playing the FFP card for some time now (not that playing at suxfields will ever mean the club will be able to comply with that unless ARVO do share issues) this offer calls the FFP cards bluff, less than 5000 KCIC offer keeps the club in FFP rules, over 5000 the club will be able to do it for itself with ticket revenue. Hell over 10000 it may even make a profit for the first time in years given how streamline the club is now compared to how it was last time at the Ricoh. Who knows, we may get a real transfer budget for the following season, who knows that might lead to promotion and the extra revenue that would bring, who knows we might even be able to pay some debt of. But who would want that?
Like you say, sisu SHOULD do the deal themselves but the reality is they're not going to do it of their own devices. So WE need to do everything we can do to make that happen. It's OUR duty as loyal fans. At the very least the KCIC offer gives sisu and the FL less places to hide and puts pressure on them to justify their stance. Something neither of them have ever done.
So you think the club should accept?
Good stuff. Glad we're in agreement.
This is interesting that people actually believe that such a silly derisory offer makes any sense to SISU at all? It's a complete joke and the only positive is that it keeps the situation in the headlights.
This is interesting that people actually believe that such a silly derisory offer makes any sense to SISU at all? It's a complete joke and the only positive is that it keeps the situation in the headlights.
The benefit? You mean aside from Coventry playing in Coventry? Unless you're happy with Coventry playing in Northampton?
Sisu have playing the FFP card for some time now (not that playing at suxfields will ever mean the club will be able to comply with that unless ARVO do share issues) this offer calls the FFP cards bluff, less than 5000 KCIC offer keeps the club in FFP rules, over 5000 the club will be able to do it for itself with ticket revenue. Hell over 10000 it may even make a profit for the first time in years given how streamline the club is now compared to how it was last time at the Ricoh. Who knows, we may get a real transfer budget for the following season, who knows that might lead to promotion and the extra revenue that would bring, who knows we might even be able to pay some debt of. But who would want that?
Like you say, sisu SHOULD do the deal themselves but the reality is they're not going to do it of their own devices. So WE need to do everything we can do to make that happen. It's OUR duty as loyal fans. At the very least the KCIC offer gives sisu and the FL less places to hide and puts pressure on them to justify their stance. Something neither of them have ever done.
http://www.youtube.com/watch?v=r-JEu9EoFoM&sns=em
P.s they WONT be making a PROFIT at the Ricoh full stop.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
That's only more reason to return then. Because they're never making a profit at sixfields either. If their not going to make a profit they may as well not make a profit in Coventry.
Now I've answered all your questions as fully as I can. Let's see if you can be kind enough to do the same.
Why do you think the club won't make profit if it returns to the Ricoh with the KCIC safeguard in place?
No business would accept an offer to cover a large part of their operating costs from a third party with no risk unless they reach a turnover which means that they are capable of covering these costs themselves? Are you sure? I can't imagine that there's a director in the world who wouldn't at the least seriously consider this, presuming that their primary interest is making the business that they are in charge of successful. Which I'm pretty sure they are supposed to do by law.
That's only more reason to return then. Because they're never making a profit at sixfields either. If their not going to make a profit they may as well not make a profit in Coventry.
Now I've answered all your questions as fully as I can. Let's see if you can be kind enough to do the same.
Why do you think the club won't make profit if it returns to the Ricoh with the KCIC safeguard in place?
The club won't accept. It's not an offer that's any different to one already offered. Therefore it's pointless.
If there is enough money from these businessmen to pay the rent they should pay it so its free. That's a different offer and difficult to refuse.
So Mr know it all. How do you suggest we add value to the KCIC offer? I'm all ears.
Hello Mr Ears, one way if the backers are truly committed to putting up £1m would be to say we'll pay all the rent and match costs, no cost at all to SISU.
If that is turned down, which I believe it would, then it puts slightly more pressure on SISU, but ultimately if the FL don't step in we will have to wait until SISU's investors realise that they have lost their money.
SISU have already turned down a free rent offer, how is this any better?
Because our turnover will be in the region of £6m, and for a start you've got the £2m interest charges, £4m administration charges, and £500k contribution to the Cat B academy, before you even consider rent, matchday costs, wages (all staff including stewards), travel, utilities, tax, agents fees, etc, etc). We can argue all we want about interest charges and admin costs (sheff united pay similar/slightly more than us) but they are there.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Hello Mr Ears, one way if the backers are truly committed to putting up £1m would be to say we'll pay all the rent and match costs, no cost at all to SISU.
If that is turned down, which I believe it would be, then puts slightly more pressure on SISU, but ultimately if the FL don't step in we will have to wait until SISU's investors realise that they have lost their money.
SISU have already turned down a free rent offer, how is this any better?
100% correct.
I thought the interest wasn't real as it's not real debt according to sisu. And what's our turnover going to be at suxfields? At the very least playing at the ricoh will be damage limitation. The debt mountain (if it is in fact real, which I think most of us accept it is despite what sisu say) will not grow at the same speed as it will at suxfields. Surely that's another reason to play at the Ricoh for a CCFC fan, not an excuse not to?
The posters looking for ways for the KCIC offer to fail rather than contribute ways to add vavalue to it, Mr Sisu.
It's called sixfields tony.
Any answers yet?
So you think the club should accept?
Good stuff. Glad we're in agreement.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?