fernandopartridge
Well-Known Member
It isn't profit but it's in Ashley's gift to turn more of the turnover into profit by optimising ACL costs (and they're no longer paying bond interest which'll help).
But that turnover isn't profit right?
How long does it take for him to get his investment back? Especially with the rumoured 15 million of works that need to be done. That's 15 years straight off the bat. That's not Mike Ashleys way.
It isn't profit but it's in Ashley's gift to turn more of the turnover into profit by optimising ACL costs (and they're no longer paying bond interest which'll help).
How much developable land is there around the stadium? Cannot develop the car parks as protected by planning permissions and their loss would create more local parking problems. Not sure there is loads of space and Ashley/Sports Direct only builds crappy warehouse sheds. More out of town retail will impact hard on town centre too. I think he has eyes on the CCFC but willing to bide his time or maybe bring Duggy King on board as a partner.... total guesswork though.
But this is the bit I'm worried about.It isn't profit but it's in Ashley's gift to turn more of the turnover into profit by optimising ACL costs (and they're no longer paying bond interest which'll help).
But this is the bit I'm worried about.
What benefit is it to Ashley if we are there?
As we saw yesterday the costs of running the arena are huge.
Yes you can cut some costs but there are unavoidable costs such as utilities which are constantly rising.
I just can't see how a football club turning over 1 million a year for the arena can yeald a profit for Ashley.
Mmm car parks are like printing moneyIve always wanted a bunch of bars by the canal and have that but better developed. I think the rumours for Ashley were a hotel (which has long been mooted and makes sense with the conferences) and a car park, I’m guessing multi-storey so they can free up the others?
Demolition of the Stadium would cost an absolute fortune,I agree it's not going to happen.not sure I'm buying in to the knocking the stadium down idea. I mean anything is possible but surely there's enough land available to build if he wanted to without knocking down a football stadium.
Does it really tho?Demolition of the Stadium would cost an absolute fortune,I agree it's not going to happen.
That's where we are going wrong. Thinking that Ashley needs us.Who else is going to play on the pitch and sell a bunch of tickets every other week?
That's where we are going wrong. Thinking that Ashley needs us.
He doesn't. He can knock it down and build something else there if he so wishes.
Not to mention the intangible value of it exposing the arena every other weekWho else is going to play on the pitch and sell a bunch of tickets every other week?
Does it really tho?
But let's say he wanted to knock it down. He would have paid for the arena and then the demolition costs and then construction costs. If he can then build something there that is then more valuable than the cost of those things then on paper they are then in profit. Especially if they then have businesses there that create healthy profits.
Why not?Er he can’t
Because he'll need the consent of the freeholder I would imagine first and then planning consent second, then a lobotomy to think it's a good ideaWhy not?
Anyone can put in a planning application for land even if they do not own it. Very much doubt permission could legally be refused based on a football team playing there.Because he'll need the consent of the freeholder I would imagine first and then planning consent second, then a lobotomy to think it's a good idea
Anyone can put in a planning application for land even if they do not own it. Very much doubt permission could legally be refused based on a football team playing there.
Consent of the freeholder, yes maybe but that depends on what the contract says that none of us have seen. This is CCC, I'd not trust them to have something robust.
And based on Simon Jordans comments yesterday, it seems the council wouldn't be against it being developed into something else.
Anyone can put in a planning application for land even if they do not own it. Very much doubt permission could legally be refused based on a football team playing there.
Consent of the freeholder, yes maybe but that depends on what the contract says that none of us have seen. This is CCC, I'd not trust them to have something robust.
And based on Simon Jordans comments yesterday, it seems the council wouldn't be against it being developed into something else.
Didn't think a hotel was needed by the ground? Tracy Miller thinks it would take business from the city centre.
Cos I'm really concerned about our future of playing in Coventry!!!why have you signed up just to push this?
The thing is, there's a large exhibition hall that can get 12,000 in. A stadium bowl that can accommodate 40k for concerts. There's a hotel onsite which has less than 200 bedrooms (I think - memory not what it used to be).
The ratio of bedrooms to potential visitors to events is stupidly low. Any new hotel would be built to help attract larger multi-day conferences, exhibitions etc as there's more bedroom stock to house them. As it stands, I'm sure the Arena misses out on a lot of business due to insufficient amount of bedrooms near the venue.
As for the rest of the time when there's no events on at the Arena? The location means it would be a decent stop for transient business travellers although transient business travel isn't what it was pre-pandemic. Add on social events like weddings, Xmas etc, there's definitely validation for one or more new hotels on the Arena grounds.
Cos I'm really concerned about our future of playing in Coventry!!!
Yesterday my hopes were raised that we'd have a new owner and we'd finally have our hands on the CBS. Today I feel really deflated.Where have you been the last 20 years?
I was only quoting the head of planning who said a hotel wasn't needed and then denied planning permission for one privately...
The thing is, there's a large exhibition hall that can get 12,000 in. A stadium bowl that can accommodate 40k for concerts. There's a hotel onsite which has less than 200 bedrooms (I think - memory not what it used to be).
The ratio of bedrooms to potential visitors to events is stupidly low. Any new hotel would be built to help attract larger multi-day conferences, exhibitions etc as there's more bedroom stock to house them. As it stands, I'm sure the Arena misses out on a lot of business due to insufficient amount of bedrooms near the venue.
As for the rest of the time when there's no events on at the Arena? The location means it would be a decent stop for transient business travellers although transient business travel isn't what it was pre-pandemic. Add on social events like weddings, Xmas etc, there's definitely validation for one or more new hotels on the Arena grounds.
The thing is, there's a large exhibition hall that can get 12,000 in. A stadium bowl that can accommodate 40k for concerts. There's a hotel onsite which has less than 200 bedrooms (I think - memory not what it used to be).
The ratio of bedrooms to potential visitors to events is stupidly low. Any new hotel would be built to help attract larger multi-day conferences, exhibitions etc as there's more bedroom stock to house them. As it stands, I'm sure the Arena misses out on a lot of business due to insufficient amount of bedrooms near the venue.
As for the rest of the time when there's no events on at the Arena? The location means it would be a decent stop for transient business travellers although transient business travel isn't what it was pre-pandemic. Add on social events like weddings, Xmas etc, there's definitely validation for one or more new hotels on the Arena grounds.
From the Council?
How many hotels does the NEC actually have - there’s a couple but it doesn’t seem that many
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?