So potentially mitigating risk legally or defaulting to CCC, then reducing the term by roughly a third
Quite harsh terms and potential failure to the end user
Sounds like something a hedge fund might do
Cheers for the answer by the way
No come backs to the private Investors
I like your first paragraph....you question why we discuss the subject......then you discuss :claping hands:
We do need to sort a deal now thoughWhy would they need to keep us sweet? If we're not building a new stadium they become a monopoly. They can treat us how they like and charge us whatever they want and we have little other option.
With no evidence of things having moved forward on a new ground since the Sixfields move would the league give permission for a similar thing to happen again? I don't see how they could. If it really is the Ricoh or nothing we have to take whatever Wasps offer, even if its worse than the deal we had when we first moved there.
I think the opposite, everyone should get behind Fisher and tell him to get on with it. Call his bluff.
Would that not depend on location? If, for example, it was in Ansty right next to the business park / motorway would it really be any different to the Ricoh?
I suspect the theory would be that it works very long term. Lets say the Ricoh has a further 150 years left in it. How much would we pay in rent against how much in revenues in that time compared against a new stadium. Clearly while we were paying off finance we wouldn't be seeing much in the way of extra cash coming into the club but once that was paid off after say 50 years would we not then be in a better position than we are currently?
Sure a lot of us won't be around to see the benefit but we're stuck between a rock and a hard place at the moment and neither option seems particularly attractive in the short to medium term.
I was not discussing merely pointing out two key points that people are missing in their discussion surrounding an imaginary idea in Fishers thoughts, funny how they ALWAYS make up a new story on this subject when it suits them! - making out they are doing something for the football club are they, bit of PR, as they have early bird season tickets on sale...
......as in joining in with the discussion.......
Disagree on both.
Owning our own out of town stadium with the debt associated with it will finish us.
Wasps will profit from us being at the Ricoh and to keep us there they need to keep us sweet.
Lets say the Ricoh has a further 150 years left in it. How much would we pay in rent against how much in revenues in that time compared against a new stadium.
No wasps just need to keep us desperate. They have the monopoly on Coventry football league standard stadiums, and know from their own experience how hard it is to get planning permission and how hard it is to get finance to build a stadium. They know the chances are very very slim, and hold all the cards. They don't need to give us a sweetener, what else are we going to do? Go to Northampton and play in front of 2k fans again?
You keep banging on about the PL, we aren't getting there renting the stadium matchday only with little matchday revenues and no additional stadium income, without a billionaire owner who's willing to throw a shed load of cash. There is no deal to be had with regard ownership of ACL so there's very little chance of said billionaire owner touching us with a barge pole.
“There are investors interested, so long as the physical resource is outside of Coventry (due to Coventry Council doing a hostile takeover of the club they don’t wish to invest in Coventry).”
I thought the same until they decided to raise so much cash against the lease and Richardson wanted to cash out. I am not so sure now. And if SISU think similar we could be in for an uncertain few years.
Yep, good point. We'd need wasps to fail for that plan to work. I wonder whether wasps will loan ACL the money to pay the council back and charge ACL high interest on that. We're then back to square one of sisu not wanting to buy because of bad debt?
It also doesn't bode well for the sort of deal wasps will offer/able to give us when we do renegotiate.
The club will not own the stadium. it will be owned by investors ... and so will any associated debts.
The club will own a new stadium management company.
How much are SISU and their investors going to charge us for that and where is the money going to come from? 2 very simple questions you would have thought TF would have answered from the out set, yet nearly 2 years on...
How much are SISU and their investors going to charge us for that and where is the money going to come from? 2 very simple questions you would have thought TF would have answered from the out set, yet nearly 2 years on...
How much are SISU and their investors going to charge us for that and where is the money going to come from? 2 very simple questions you would have thought TF would have answered from the out set, yet nearly 2 years on...
Not to sound nasty but in 50 years alot of us would of been dead by then so nothing will matter we would not see the benefits would we.
Why loan money to re-loan it? Other than tax reasons that is. I think it was actually put down as to pay off the loan owed to CCC. The bonds are secured on the arena. So it should mean that they are the prime lenders. But I wouldn't trust any sort of hedge fund. Maybe Richardson regrets taking over Wasps like Joy regrets SISU taking over CCFC. The difference is that Richardson saw a way out? I just don't understand why he would loan the money through Wasps to pay himself if he owns Wasps. It will cost him a lot of money doing so. If he is doing so because he needs the money how is he going to raise the 30m plus in 7 years?
And as for the negotiations. It looks like Richardson and SISU need each other. Russian roulette comes to mind.
Why can't we be successful while renting off Wasps, don't get that statement at all.I almost certainly will be dead by then but I think we're reaching a point where we have to think that long term. It seems hugely unlikely that we can have any success past L1 level as tenants at the Ricoh so do we stick with that and be content with 10K in an increasingly Wasps branded stadium or do we look at alternatives?
Probably the same amount that Richardson and his other investors will in relation to their own stadium management company.
I was asking about CCFC and SISU. Wasps have sweet FA to do with my question but 10 out of 10 for the attempted diversion.
Same as wasps holdings will be charging acl?
Why can't we be successful while renting off Wasps, don't get that statement at all.
Why can't we be successful while renting off Wasps, don't get that statement at all.
You have the cheek to call me out for diversionary tactics?
The point is relevant - whatever charges made will probably be comparable to what other companies in a similar situation would do.
Unless of course you are championing the good cop/bad cop version of hedge funds.
I don't think it was cheek. It's a CCFC related thread on a CCFC forum and in no shape or form was my question leading to anything Wasps related.
Mays if's and buts is all we have almost two years on and you want to talk about what wasps may or may not be doing. It was a pretty simple question and should be part of the business case we've never seen for dreamland.
You are right - all we have is if's and buts. Which is why in this instance using an example like Wasps and ACL is relevant, as we have seen first hand evidence of what it could entail.
Given the fact so many are keen to point out the merits of the Wasps bond scheme to raise funds, I expect the same people to jump at the chance to put that into action when CCFC offer a similar scheme to fund a new stadium.
Given the fact so many are keen to point out the merits of the Wasps bond scheme to raise funds, I expect the same people to jump at the chance to put that into action when CCFC offer a similar scheme to fund a new stadium.
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