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'Sisu knew what they were doing when they signed the original agreement'25 Feb 2014 12:52Ricoh Arena row and city adoption rates - Coventry Telegraph Letters for February 25
Re: ‘I’ve changed my mind on boycott’ (Telegraph, Feb 8). How on earth can some people be so blind?
Does Hugh Pearson really believe that Sisu/Otium are interested in the football club?
Let’s look at some facts: Sisu knew what they were doing when they signed the original agreement – it was to get their feet in the door. Now inside they hoped to squeeze ACL out and get the Ricoh at a low price by withholding rent that they had agreed to.
Having failed to achieve their aim they then move to Northampton, hoping this would alienate the fans against ACL who would not sell the Ricoh.
It didn’t work and instead backfired against Sisu/Otium. A substantial number of fans sensibly boycotted the move to Northampton. A very small number go to Northampton, some in loyalty to the team but some misled people in loyalty to a discredited hedge fund.
Sisu do not have any desire to own a football team. Why? Because football teams do not make money. Apart from the few successful Premiership teams (in Europe), all others spend more than they take on trying to maintain their status.
Sisu want to make money, so don’t be fooled by their posturing about building a stadium. Apart from the cost and the timescale, it would never return sufficient profit to justify its existence.
If Sisu say that the other developments around the new stadium would make money, tell them to build the other developments, forget the football stadium.
One final matter to consider – if Sisu acquired the Ricoh what would stop them selling/giving the club to another operator and charging rent – a reversal of the present situation? Think about it.
John Thompson,
Coventry Road,
Exhall
http://www.coventrytelegraph.net/news/coventry-news/coventry-telegraph-letters-february-25-6743750
Re: ‘I’ve changed my mind on boycott’ (Telegraph, Feb 8). How on earth can some people be so blind?
Does Hugh Pearson really believe that Sisu/Otium are interested in the football club?
Let’s look at some facts: Sisu knew what they were doing when they signed the original agreement – it was to get their feet in the door. Now inside they hoped to squeeze ACL out and get the Ricoh at a low price by withholding rent that they had agreed to.
Having failed to achieve their aim they then move to Northampton, hoping this would alienate the fans against ACL who would not sell the Ricoh.
It didn’t work and instead backfired against Sisu/Otium. A substantial number of fans sensibly boycotted the move to Northampton. A very small number go to Northampton, some in loyalty to the team but some misled people in loyalty to a discredited hedge fund.
Sisu do not have any desire to own a football team. Why? Because football teams do not make money. Apart from the few successful Premiership teams (in Europe), all others spend more than they take on trying to maintain their status.
Sisu want to make money, so don’t be fooled by their posturing about building a stadium. Apart from the cost and the timescale, it would never return sufficient profit to justify its existence.
If Sisu say that the other developments around the new stadium would make money, tell them to build the other developments, forget the football stadium.
One final matter to consider – if Sisu acquired the Ricoh what would stop them selling/giving the club to another operator and charging rent – a reversal of the present situation? Think about it.
John Thompson,
Coventry Road,
Exhall
http://www.coventrytelegraph.net/news/coventry-news/coventry-telegraph-letters-february-25-6743750