Cant believe someone said CCFC fans post bile at anyone supporting Wasps. What a wasps supporting prick.
Cant believe someone said CCFC fans post bile at anyone supporting Wasps. What a wasps supporting prick.
Come on, it’s a little funny
They should really be asking the council to explain why on earth they sold to a business that would have had credit red flags everywhere in tbe first place
They should really be asking the council to explain why on earth they sold to a business that would have had credit red flags everywhere in tbe first place
When have they ever done that along the whole way, though?
CWR were petrified of a clause being mentioned with the whole St Andrews thing and tried to deny it as much as possible but ended up wrong.
When they should have sold to CCFC who have very solid finances? From the rumours only by the grace of Hyams hamstring did we avoid our own admin.
I get it. Everyone wanted us to have the CBS, everyone wanted Joys gamble to work, little but of anti establishment fuck the politicians thrown in. But the fact is everyone acted in their own interest, which is what you should expect. CCC got shot of a troublesome asset when it was unlikely to find anything else. Wasps got a few more years lifeline. Joy got the chance and excuse to build her own stadium.
None of those plans lasted.
The individual squabbles are really a bit of a diversion to the main issue. The sale of a large complex to a company with no trading history and also allowing a lease extension to create value to borrow against was a ridiculous action that will have to be explained at some point
No I wouldn’t have sold to ccfc at that point either
What would you have done? Faced with a litigious opponent who states they have no interest in the ground.
The individual squabbles are really a bit of a diversion to the main issue. The sale of a large complex to a company with no trading history and also allowing a lease extension to create value to borrow against was a ridiculous action that will have to be explained at some point
I’d have extended the lease of the complex for a start which would have meant the loan against it could have been revised on far far better terms including a pay down of the capital.
It was idiotic and they’ve even set themselves up for getting it back under the administration default clauses
What would you have done? Faced with a litigious opponent who states they have no interest in the ground.
Thats just kicking the can though. You’ve got a 32k stadium sat around and apparently due to go empty within 5 years (lol). Who do you get in?
Thats just kicking the can though. You’ve got a 32k stadium sat around and apparently due to go empty within 5 years (lol). Who do you get in?
Whack it on the market to invite more offers.
Nonsense. For a start it has other uses - wasps play on it for 14 days a year by the way
Why didn’t they test the theory then and place it as an open market sale on a 250 year lease rather than slip that in through the back door?
Because they wanted an anchor sports team and one came along.
Surely they wanted maximum revenue from a sale?
You seem to be suggesting that wasn’t a priority at all
From who?
Im suggesting it wasn’t the only priority. The Ricoh was built as part of a regeneration and city PR project. Sport does that, brings a national profile, etc. It wasn’t built as purely an exhibition centre and if that’s what you wanted to turn it into you’d do well to rebuild the bowl.
Given the choice between making what seemed like a straight swap and reconfiguring the plan for that area, it’s a no brainier.
What if you put it on the open market and someone comes in and wants to knock the bowl down? Do you let them and cut off any hope of CCFC playing there? Who would want to keep it without a team to play there?
I mean if they were desperate for an anchor sports tenant they probably should have sold to the Manhattan group rather than claiming they didn’t need Coventry City…Im suggesting it wasn’t the only priority. The Ricoh was built as part of a regeneration and city PR project. Sport does that, brings a national profile, etc. It wasn’t built as purely an exhibition centre and if that’s what you wanted to turn it into you’d do well to rebuild the bowl.
Given the choice between making what seemed like a straight swap and reconfiguring the plan for that area, it’s a no brainier.
What if you put it on the open market and someone comes in and wants to knock the bowl down? Do you let them and cut off any hope of CCFC playing there? Who would want to keep it without a team to play there?
You would put a covenant in prohibiting demolition of the bowl.Im suggesting it wasn’t the only priority. The Ricoh was built as part of a regeneration and city PR project. Sport does that, brings a national profile, etc. It wasn’t built as purely an exhibition centre and if that’s what you wanted to turn it into you’d do well to rebuild the bowl.
Given the choice between making what seemed like a straight swap and reconfiguring the plan for that area, it’s a no brainier.
What if you put it on the open market and someone comes in and wants to knock the bowl down? Do you let them and cut off any hope of CCFC playing there? Who would want to keep it without a team to play there?
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?