New Ricoh deal close / One Year Agreed (5 Viewers)
- Thread starter AFCCOVENTRY
- Start date
Nick
Administrator
They have started from the ccfc facebook page.
They are saying no membership just pass them your questions and they will get them answered.
So simple why has it not been done before.
Who is it? The guy on the radio was talking about money... It worried me a little bit because when he said he didnt know how to get in touch with the club and could CWR pass on his details it was deja vu.
letsallsingtogether
Well-Known Member
Any way why don't Sisu just sell the Club we get a long term deal that is right for us, then take wasps to court without ccfc around their necks.
letsallsingtogether
Well-Known Member
Tbf Nick I believe he is being pushed into it by others, not sure he really knows what he is letting himself in for.
Most of them believe that you only have to ask the questions and they will get the answers they want to hear.
I only know from what I have read on that page they do have 10,000 members, ironically more the our average home games this season.
Nick
Administrator
Have you got a link to the page? 10,000 considering he set it up a couple of days ago isn't doing too badly.
It sounded a bit random.
skybluetony176
Well-Known Member
Didn’t see that. Only have my reading glasses on not glasses for distance.
Otis
Well-Known Member
Well you need them, cos the adventures of the Enterprise are all about distance.
The Great Eastern
Well-Known Member
Otis.....
Regarding your avatar.....
In the best possible Kenneth Williams voice...
Here, stop messing about !
Otis
Well-Known Member
Okey dokey.
I'm running out of Marxes anyway. Done Groucho, Harpo, Chico, Zeppo and now Gunmo.
Hardly anyone else left.
Marxes and Spencer?
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Otis
Well-Known Member
Yeah, but I think I will go for Onyour.
Or stretch marxes? - ok I’m done
skybluepm2
Well-Known Member
All part of the love-in on the Facebook forum. Cringeworthy stuff as always. If they had a brain cell between them they’d be dangerous.
Sorry, I don't really buy this. People seem to be trying very hard to downplay the football's club value to ACL, and I think it is slightly deceitful.
The season before last, more people attended CCFC games than Wasps games (owing to the fact we play a lot more fixtures). It wasn't quite the case last season, but it wasn't a million miles away.
Yes, parking has been outsourced, but that contract has value, and that value will be higher when 250,000 people attend football matches each year. So too catering. ACL sold catering rights in a multi-million deal a year or two ago, and again that contract will have greater value owing to the presence of the football club - although it is difficult to quantify I know.
The same will apply when new naming rights are agreed. Any company looking at such a deal does so because of the name/brand awareness this can create through many media outlets. Having a football club there adds significantly to this value imo; so it goes way beyond 100K rent, matchday costs and game by game revenues from catering etc.
Ultimately, Wasps do pretty well out of CCFC given that the club only have use of the facility for around 180 hours a year; and it isn't as though it prevents use of the facilities for other events, and often events in the exhibition hall take place on matchdays. It may not be make or break for them, but I think it is more important than some would suggest.
letsallsingtogether
Well-Known Member
No the face book page has 10,000 it has been going a long time, he is just one of the posters.
It is the Cov City fans forum page.
chiefdave
Well-Known Member
I think the issue with that is that while anyone can put in for a JR winning one doesn't actually get you anything.
There would be another court case to follow where SISU would go after damages.
If they were no longer the owners of the club how would they get any damages awarded passed to them?
letsallsingtogether
Well-Known Member
Sorry only use my tablet so don' know how to do links!
chiefdave
Well-Known Member
That's the key point. Unless there is a suggestion that Wasps are turning away 20+ events that would take place in the stadium bowl and can only take place on days CCFC happen to have matches and not all the other days its not in use then how can having CCFC there not be a commercial advantage to Wasps?
letsallsingtogether
Well-Known Member
Well they keep saying the club is not involved so I would presume yes.
Then again I am only a layman.
skybluetony176
Well-Known Member
Because a JR is about decision made during a passage of time. During that passage of time they were the owners and their argument will be that they were damaged as owners during that passage of time. Selling the club might actually increase they’re chances of getting compensation. They’re never going to sell it for enough to cover the debt and therefore they could argue that they incurred losses when selling due to the events in said passage of time
shmmeee
Well-Known Member
Either:
- tap and hold on the address in the address bar and click “select all” then “copy”
Or
- look for a share symbol (like one of these:
Then come here and long press in the reply box and select “paste”
Nick
Administrator
Oh, he said he said up that trust thing.
Nick
Administrator
No hate from me to GMK, I liked it. Decent wit going on.
italiahorse
Well-Known Member
CCC can't give assurances if our owners don't care and just keep playing the legal game.
Don't be naive.
Great news as we now have a deadline that we know will finish this, one way or the other.
If it's not sorted by then I don't think I will care.
italiahorse
Well-Known Member
What a stupid thing to say.
Our fans are pi55ed off with this and it may be doing us a favour.
oldskyblue58
CCFC Finance Director
Entitled to your opinion although I take exception to the implication that I am being deceitful.
Yes the ricoh had 250000 football visitors what was the net benefit to wasps of that ie after deduction of costs. Most of the benefit actually goes to Ccfc in match tickets. The wasps holdings turnover is around 32m Ccfc provide less than 3% even if you rate the Ccfc related turnover in wasps figures at 700k . But because of the bond the wasps focus is on profit not turnover. People ignore the expenses of the arrangement because turnover are bigger figures. Wasps net take on 250000 people is not massive figures. It helps yes, assuming they make a profit. The significance would be in the bond covenants calculation assuming there are profits that could be lost .
The catering is done through a joint venture with compass and controlled by wasps. Compass provide staff etc for agreed rates. Yes the contract has value but take a look at the inter action of IEC and the rest of the group.
The ricoh sponsorship is on going. It also depends on the 1m+ people that go to the stadium that are not Ccfc related, but yes a longer term commitment from Ccfc would help to put stadium sponsorship fees up because of the 250000 footfall. Do they want to commit to that ?
No idea how the car park contract works there have been no published details. So is it dependent on numbers or a set fee?
Having a successful football team based long term (or least the period of the sponsorship) with no baggage adds value. However I suggest you take a look at the current level of sponsorship deals in league 1 & 2 they are not in the tune of millions. Like I say sponsorship at the ricoh has other significant factors to consider unlike many other stadiums that are primarily football based
The value to wasps is political and that would appear to be wearing thin. My points are about what is financially not what could be
Ideally wasps I am sure would want a successful Ccfc there. But in the overall figures for wasps holdings Ccfc is not as significant as people assume. Wasps won't lose the rugby, event, conference, entertainment income if Ccfc are not there.
But it is all opinion honestly given and we differ. I have no problem with that
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italiahorse
Well-Known Member
I feel he will be on his way if thats the case.
Sisu always put these people to the sword.
Can't have sensible and honest people not towing the Sisu line.
Nick
Administrator
It's pretty blatant. Not as if it doesn't happen every single time....
clint van damme
Well-Known Member
I've just seen an interview with Nick Eastwood and he didn't appear to rule out another year extension next year. Seemed to contradict the last line of the statement.
He did rule out a longer term deal why legals were on-going.
Edit - here it is
italiahorse
Well-Known Member
Probably a better way of doing it.
We all want a good long term deal at the Ricoh surely?
We need to start to building up this club and start to share the Ricoh properly.
I wasn't suggesting you were being deceitful (it was worded poorly); I was suggesting there was deceit in the argument that had been made a number of times in the thread and elsewhere that CCFC are of little consequence to Wasps/ACL commercially, which I don't wholly agree with.