How about those of us who are anti SISU and anti NOPM?
Spaghetti isn't tripe, it's pasta! LOL!!! Just trying to lighten the mood, guys! Forgive me!!!
No, but it doesn't have to be. If we end up back at the Ricoh paying rent of £150K with access to some other income streams (a distinct possibility) then SISU would have secured, by virtue of the position they have taken, annual savings to the tune of £1.15 million with increased revenues to boot.
Given that, the money they will have lost during the short term exile in Northampton will pale into insignificance when you add up the savings going forward.
I don't agree with these tactics, not one bit, but it is not difficult to see what they are up to, which is why these arguments about false economy are not really relevant.
Because it means we pay the mortgage and yet we gain no commercial benefit. Paying dividends is only one element of such benefit
I use the term we to refer to the club. It's funny the accusations you throw at me. I think you'll find I defend the club - your interests appear to lie elsewhere.
Why do people continue with this argument, it is a nonsense. It has never been suggested by anyone, least of all SISU, that we are better off in Northampton - on the contrary, their argument (not that I agree with it), is that they take a short term hit for longer term benefits. Comparing the losses at Northampton with those sustained at the Ricoh is pointless given that they have made a deliberate and conscious decision to increase their losses with a view (I suspect) to secure a better deal at the Ricoh than they would have done had they hastily signed a deal on ACLs terms after the option to buy the council own stake in ACL was taken from them.
ACL won't sit around for ever waiting for us to pick up the phone and will go to plan B
I'm still trying to work out what makes up the other 91% of revenue that PWKH mentions in his interviews. If this is true then they won't need another anchor tenant, will they?
I'm still trying to work out what makes up the other 91% of revenue that PWKH mentions in his interviews. If this is true then they won't need another anchor tenant, will they?
Arguably however, if you can run a business without an anchor tenant, it's better for that business anyway.
I'm still trying to work out what makes up the other 91% of revenue that PWKH mentions in his interviews. If this is true then they won't need another anchor tenant, will they?
No real idea but at a guess Weddings, exhibitions, conferences, room hire, hotel etc. We're still just as screwed if they really don't need us.
Yes, we would be screwed if they didn't need us. However, I think it's just chest-beating from ACL. They need us all right. And we need them.
ACL won't sit around for ever waiting for us to pick up the phone and will go to plan B at some point which might be another use for the pitch or possibly another tenant. If this happens then it makes our return to the Ricoh very difficult and we either build a new stadium or stay in the wilderness.
Yeah but just suppose hypothetically they don't, what then?
Game over. Good luck to ACL and good luck to CCFC, I guess.
No real idea but at a guess Weddings, exhibitions, conferences, room hire, hotel etc. We're still just as screwed if they really don't need us.
I don't think so. We know that they would have been in a right mess if the council had not bought the loan.
Hardly a positive sign is it? Then we have an arena management company that survives on weddings and the odd two bit conference? They still have an arena to maintain. Very few major concerts and the main arena empty without purpose.
They won't last long.
A couple more concerts and a few rugby finals should cover the 140k they are loosing.
Let's hope not or we are homeless.
Can they stage a 'Rugby Final' every other week?
Can they stage a 'Rugby Final' every other week?
Don't need too.
Remember loan has been rescheduled at a very low rate.
Really hope ACL don't move on .
A couple more concerts and a few rugby finals should cover the 140k they are loosing.
Let's hope not or we are homeless.
Yeah but just suppose hypothetically they don't, what then?
Okay but hypothetically suppose they do, what happens to our club? I'm looking at this from a worst case scenario point of view* and if we can't come back to the Ricoh where in Coventry are we going to play?I don't think so. We know that they would have been in a right mess if the council had not bought the loan.
Hardly a positive sign is it? Then we have an arena management company that survives on weddings and the odd two bit conference? They still have an arena to maintain. Very few major concerts and the main arena empty without purpose.
They won't last long.
Thing is I'm looking at this from a what's the worst that could happen future and I don't like the possible outcomes, the first one you mentioned is sadly looking very optimistic.Optimistically(!) it'd force *somebody* to build another ground, make planning permission easier to get, and COventry would have not one but two decent sporting facilities.
Pessimistically, SISU wind us up, a phoenix club moves into the Butts, hopefully in time it grows enough for that site to be developed.
ACL are struggling. The place sits empty day after day. Have attended two meetings there this month and the place was like a ghost town. They have a couple of expos coming up, the snooker, but beyond that nothing of note. Not a single booking for December and January. Perhaps they have something up their sleeve though, who knows. Will be interesting to hear the outcome of the council enquiry which is due to take place shortly I think?
Okay but hypothetically suppose they do, what happens to our club? I'm looking at this from a worst case scenario point of view* and if we can't come back to the Ricoh where in Coventry are we going to play?
*Which some might say has already happened in moving to Sixfields etc.
What concerts? They don't exist. Even the Millenium Stadium, despite it's location, retractable roof and higher capacity, only manages 2 or 3 gigs a year. As for Rugby finals, I'm not sure there is any viability there either. The financial losses are far higher when you factor in the rent, F&B revenues and car parking. They are set to receive 500K as part of the liquidation of Ltd, so that will plug the gap for a while I suspect, but long term I can't see the viability at least not without a major reevaluation of their business plan and some investment and diversification. All possible, but unlikely. What having CCFC in residence gave them was cash-flow - a regular, reliable income; and in business cash-flow is everything.
classic grendel. lots of words but says nothing.
but for info lets assume a hall can be lent out just once a week. assuming 50 weeks even the trolls should be able to work out that 20k/week is £1milion! you sneer at weddings, yet my understanding they can cost well over 30k! how much was the rent offered to cov £150k? that is 5 weddings nimrod!
oh is that the sound of grendel burning in flames yet again
Seen to rememer rhia numbskull sneering at holding corporate events - but yet again its ignorance is showing, as the NEC makes the vast majority of its income from such events (just look at the list I doubt you will find the nec holds many sporting events!
Now maybe its true that a corporate event / massively expensive weddings etc aren't as "glamourous" as say huddersfield v city, but its about making money, and quite frankly on a pure financial basis the club was massively restricting the earnings potential!
However, the council see the benefit / "prestige" of being able to hold major sporting events. But to think for a second that ACL / council would follow grendels plan and keep it as a stadium on the offchance that city might come back in 5/6 years timer is as idiotic as anything else this dimwit has bilged during its time on earth!
It must be great to live in your bubble G - reality takes a back seat to ranting in your world!
You have just become a parody of a troll - you cannot even achieve that successfully!
Mummy must be SO PROUD
the millennium stadium also hosts loads of smaller events as does the ricoh just increase the number of those and job done.remember they could only hold so many because of football no restrictions now
Well that's no more likely than the club building a new ground is it? Otherwise councils all over the land would kick out the resident football club and hold an Asian wedding every Saturday.
The only white elephant stadium is in Coventry.
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