fernandopartridge
Well-Known Member
The final paragraph was the perfect justification for a Ricoh deal in itself
However he says a reboot is possible in the event of relegation as the players will be out of contract. The same players will also be out of contract if we are not relegated.
He also states a rental deal is viable in L1 but seems to imply this is not the case in the Championship which is actually exactly the same thing Fisher said when stating the need for a new stadium!
Finally he says the club will be a hard sell without its own stadium. While SISU say they aren't interested in selling there are many, including the Trust, who are pushing for them to sell. It would appear in order for that to be a realistic prospect stadium ownership is needed.
No. We would only be renting it from SISU anyway and we dont even know where to build it. It may be too small to sustain us if we ever got to the Pl. There could be a case if the site was right, the Size was right and it had facilities to bring in outside revenue and belonged to a company set up to Finance the Club - not just to Regain SISU's lost Investments.
Wasps rent from wasps holdings - are you saying that's wrong?
They rent from ACL don't they?
Isn't this the same article from a week or so ago?
Isn't it the same bloke that said getting relegated to league two would be a good thing?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Just asked the bloke at the car wash, he used to be a brick layer. He has said it would mean thousands of bricks.
Something for Monday?
But he is not a qualified football finance expert. So maybe you are better asking this bloke.
I just find the telegraph are always finding a stick to beat the club with. Like lordsummerisle said "Football expert says that CCFC not attractive to buyers unless it owns it's own ground". it could of been portrayed completely different, but i suppose they have to keep on kicking the club while we are down
But the owners say the club is not for sale.
However, they do say they are planning to build a new stadium.
How could I possibly have known what the answer was going to be before I asked the question?
Do you honestly think we wouldn't have run the story if he was in favour of the idea? Of course we would!
"Mr Wilson did say that owning a stadium would make the club more attractive to potential buyers"It couldn't have been portrayed that way because his expert opinion did not say that.
Our local Newspaper asks a football financial expert do you think building a new stadium is the right direction for us.
He says no and explains why and we are up in arms.
“If the team gets back into the Championship, maybe then they should look at building a new stadium"
Dressing some random person up and calling him an expert so he can give you the answer which suits your agenda isn't newsworthy.
"Mr Wilson did say that owning a stadium would make the club more attractive to potential buyers"
“The problems with the ground don’t make CCFC attractive."
“They want to have a deal that includes a training ground, a stadium and this many players - but Coventry is much more complicated in that regard.”
So if they don't build it they have no ambition do they to get into the Championship at any point?
“For me it would be crazy to look at a stadium build when you’re on a deal like that.”
So what he's really saying is don't build a new stadium in the next two years while we are on the current deal that doesn't allow us to be competitive at a level above L1. After that a new stadium becomes a viable option. Given the amount of time a new stadium build will take would it not therefore make sense to be working towards that now if it is required in the medium to long term?
We've seen evidence from the last time we were in the championship that even with some of the bigger crowds in the division we were at the bottom end for revenue. That leads us to be uncompetitive as we will be restricted both in terms of FFP and in terms of incoming revenues.
To all intents and purposes unless we either get a much better deal than we currently have at the Ricoh or have our own ground, requiring a build which doesn't place an unmanageable financial burden on the club, we are at best a yoyo club between L1 and the Championship.
We are 18 months in so you are right it must take a very very long time to build. 18 months and we have not bought any land yet.
How long do you think it will take?
What's the deal we will have in the championship that will leave us at the bottom end in terms of revenue?
What interest will we be paying if we build a new stadium, on top of the current 1.5-2 million we pay for a 9 million loan. The i tests comes off our revenue for FFP in the championship.
It couldn't have been portrayed that way because his expert opinion did not say that.
“For me it would be crazy to look at a stadium build when you’re on a deal like that.”
Your doing the telegraph trick of only focusing on one quote. A lot of what he says also supports the new stadium when you relate it to ourselves and where we want to be.
I think the point is generically a new stadium makes sense. However when you relate it to us in our current situation it is crazy.
I can't believe that so many on here believe that SISU are actually trying to build a new stadium. I recognise that its a long-term project but there has been zero progress and no real attempt to acquire land, its nearly 3 years since the rent dispute started. Long-term it is better for us to own our own stadium but it isn't feasible that SISU will ever fund it. Just isn't going to happen, aren't prepared to invest the cash, retail outlet solution unlikely, no local council support, poor reputation unlikely to easily obtain a partner for the venture, and lack of commercial acumen to build something positive, good at distressing but struggle to grow anything of value.
The Ricoh is still their prize all talk of a new stadium is hot air and if you dispute that provide me the evidence to challenge it.
That is true tbh, although whether the new stadium is better than renting off ACL is a different argument than whether the new stadium will be built or not.
It's the current deal we have at the Ricoh with ACL which has I believe one more season and then a two season option, if activated, to run. After that who knows. If Wasps and / or ACL loss making at that point they may well be tempted to increase the rent and / or reduce the already limited revenues we receive.
Neither you, I or this expert known that which of course means it is absolutely ridiculous for anyone to assert that any option is better than others. We simply don't know. In my opinion we need full details of all options to be able to asses the best course of action to take.
There is the crux of the matter.
18 months down the line and no one can explain how this deal is financially viable.
We need to know the projections, in terms of what revenue is it estimated to bring in. What will this be offset by in terms of additional costs that we currently do not pay and huge hikes in costs that we do pay.
How does this compare to paying 100k rent in the championship. The increase in attendances after a priori in campaign
The expert doesn't seem to say spend £11 million to ensure promotion.
When you read the whole article it's hilarious really. This was a clear attempt by you know who to create a headline to rubbish the stadium idea.
Two things come out though.
- it's recognised as being needed to be an established championship club
- to have any chance of being sold its also needed
So surely the headline should be "new stadium needed to fulfil championship ambitions and its asset valuation"
Strangely it didn't - I wonder why.
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