Good work. Get this in the papers and let's see Fisher talk his way out of this.
The Rugby Borough council one could conceivably have been the rugby club too, when the mentalist took over with grand plans.
I look forward to the 'Exclusive'
I look forward to the 'Exclusive'
I wouldn't be surprised if he came back with something along the lines of "We've had no formal discussion as yet as we're still in the process of shortlisting sites"
I find that amusing too.
BREAKING EXCLUSIVE!! *Rolls Eyes*
I find that amusing too.
BREAKING EXCLUSIVE!! *Rolls Eyes*
At the risk of sounding cynical (!) people with lots of money, lawyers and PR teams can lie to their hearts contents and get away with it far too often.
The big spanner in the works for Sisu was the Council taking over the Yorkshire Bank's £14m mortgage to ACL. Sisu wanted that to get more leverage to own the arena without having to pay too much and were caught out at their own game. The ongoing attempts to get the High Court to deny it are a desperate attempt to recover.
The new stadium is just a smokescreen and a delaying tactic with the intention of trying to make ACL go into administration, just like all their other moves have been.
Painful.
You may mock but have you noticed how things have woken back up again since Mr Reid came back from his hols?
I have no problems with the arena being sold to the club, as long as.....
A. A fair and reasonable price is paid for it
B. the ownership is tied to the club, and not an item that can be separately sold off by the club's owners.
C. The Benefits/income streams that are associated with match days are also directed to the club, and not the club's owners.
Of course, it may also be possible to separate the football stadium part from that of the remainder of the arena, and cut some deal accordingly.
I have no problems with the arena being sold to the club, as long as.....
A. A fair and reasonable price is paid for it
B. the ownership is tied to the club, and not an item that can be separately sold off by the club's owners.
C. The Benefits/income streams that are associated with match days are also directed to the club, and not the club's owners.
Of course, it may also be possible to separate the football stadium part from that of the remainder of the arena, and cut some deal accordingly.
Personally, I don't give a fuck how much the club pay for the stadium. If they got it for nothing then great.
That comment is only pertinent if said Arena is tied strictly to the football club and all its revenue streams are utilised by the club for the club !!
Personally, I don't give a fuck how much the club pay for the stadium. If they got it for nothing then great.
This is where we differ.
SISU own our club. So SISU would own the stadium. Not our club. Would you trust them to own it? I trust them with nothing now.
OK so they are given the ground for nothing. Then they could afford to offload the club for £1 and make a lot of money. They would charge rent. It is said Leeds pay 2m rent for their ground. And I suppose SISU would allow the club not to pay the rent for 18 months without kicking our club out.
Once the groung goes to someone that don't give a shit about our club it would be gone forever. Where would we ever get the money for another ground? It would be just like SISU coming up with the funding and building a new stadium. Whilst the stadium is out of their grasp we still have a future.
Fern, do you think if the ground was given to them that they would suddenly become good owners?
Yes i want ccfc to own the stadium if they got it for nothing brilliant !!
The tricky part are the acceptable conditions !!!!
1, The stadium must never be allowed to be separated from the club.
2, The club and stadium in the same company and therefore can not be sold separately.
3, Covenants to prevent anyone taking loans, mortgages or third party charges against it.
The last one would probably be a sticking point for Sisu because it would be an asset they would want to siphon off !!!!
My latest blog won't tell you anything that most of you don't already suspect; but it does confirm that no local planning authority is in talks with anybody about a new football stadium in or around Coventry.
The Footy Law Blog: FOI responses expose Coventry City Football Club's "new stadium plans"
sell to sisu the best option ? you must be on drugs..............I agree that CCc taking over the YB mortgage was a game changer.
But I disagree that sisu are waiting for ACL to go into administration - that could take years.
More likely they are waiting to see how CCc will react over the coming months. The purpose of taking over the mortgage was to help ACL management achieve their aim to force out sisu and get in Hoffman/Elliott. As that clearly failed there will likely be a few CCc members who will look at the whole ACL structure and wonder if changes should be restricted to new ACL management or if ACL should be sold to sisu/ccfc entirely. I think the last option is the best for the club long term and it will certainly bring back the team to Coventry.
I agree that CCc taking over the YB mortgage was a game changer.
But I disagree that sisu are waiting for ACL to go into administration - that could take years.
More likely they are waiting to see how CCc will react over the coming months. The purpose of taking over the mortgage was to help ACL management achieve their aim to force out sisu and get in Hoffman/Elliott. As that clearly failed there will likely be a few CCc members who will look at the whole ACL structure and wonder if changes should be restricted to new ACL management or if ACL should be sold to sisu/ccfc entirely. I think the last option is the best for the club long term and it will certainly bring back the team to Coventry.
I'm not saying that. My statement is purely that I would like CCFC to own its stadium. That means being the owner occupier and paying no rent, having full access to all revenues generated.
If SISU got hold of the stadium it is purely something to use to sell the club. Realistically, what else can they do?
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