He needs to buy the council share as well or the spiral will continue.
PS Don't tell him CCFC have left
I have heard the rumours about the sale of the Charity’s shares to Preston Haskell IV. Although we know that he is one of the parties interested in such a purchase, and I have met him at a football match, there is no truth in the rumour. The Charity, as with everyone else looks forward to a time when the ownership of the Club and the stadium is united under owners who can give the Football Club a sustainable future and continue the regeneration of north east Coventry with further development at the Ricoh Arena.
maybe he just wants the ground to bring in American football!!!
I could see a scenario where he might agree to buy out the Higgs Charity stake in the Ricoh if he can buy the club too. But if he buys the half share in ACL before controlling the club, wouldn't Sisu just inflate their sale price because they would know he was already committed to doing a deal? Interesting story, but let's not get carried away just yet.
This story is clearly gathering momentum as it was just on SSN!!
well as PWKH, who is clerk to the trustees of the charity and also a director of ACL, says there is no truth in it then thats good enough for me. You might think he would know wouldn't you. Just a cut and paste article based on what was said early in the week, not happening at least not at the moment
The administrator from Leeds had dealings with him when he enquirer there. It was quite clear from his answers yesterday that this guy won't be buying the club.
Mmm...it's like someone has read the forum and ticked everything off a fans' wishlist:
Elliot back? Check.
20% stake for SBT. Check
Free ice-cream for the kids? Check
I'm still confused though after PWKH said the bloke wasn't in the game. Sounds great, but we've had hopes like this before.
They want the club to control and have an interest in the development of the area because it will give the club extra income which they will need to finance operations at higher levels. It will also make the club have a better asset base which might be important in future. They are not saying the club do the building etc
- what it gains the club owners is the income from long leases given to hotels, shops etc (guaranteed income that should secure the clubs finances without massive loans from owners or banks)
- the ability to hold better events at the stadium because there will be better travel links and a lot more accommodation available, so more income
- More people in area will lead to more income for the stadium
- might even lead to visitors staying to take in a game, but in any case a vibrant set up will attract others in
- more income for the club from commercial activities means a better budget on the pitch
- better players should equal better results
- better results should equal promotion and higher ticket prices and more income
- more people in stadium equal more F&Bs income
that is the plan they have in mind - and some reasons why development of the site is important from the clubs point of view
Spot on. Too much talk about surrounding land and carparks and development. For christ's sake this is about a football club who would be much better off having ownership of their own stadium and nothing else.
That is a fan's view, but the people who might buy the club are businessmen & want an investment not a loss generator. So in fact the future all hinges on the development of whole area, which will be good for Coventry as well as the club.
The structure has to change, but there are going to be lot of twists, turns, lies & tears before it settles down.
Sorry PWKH. I think you maybe playing the story down. First time I have read Preston talk about Coventry like this to the press! You don't want too much detail out which I completely agree on. But someone has interviewed him and he seems interested.
Exactly- press garbage, tomorrow's chip paper!
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?