I expect them to at least give the Higgs Charity the money that the Higgs loaned CCFC. I don't give a shit about the council. You do not rip off a charity to get your investors millions .
'Series of hotels' to be built at Ricoh Arena (1 Viewer)
- Thread starter Mo Konjic
- Start date
I expect them to at least give the Higgs Charity the money that the Higgs loaned CCFC. I don't give a shit about the council. You do not rip off a charity to get your investors millions .
Bennets Afro
Well-Known Member
They never loaned it them! They bought the clubs 50% stake in ACL, so they invested in a stadium operating company
Bennets Afro
Well-Known Member
They helped the club out of the shit in a hour of need then , when nobody else would , with an agreement that CCFC would buy it back . I would say the 50% was collateral on the loan .
stupot07
Well-Known Member
So in theory CCFC are actually part owners of ACL. Sweet.
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So in theory CCFC are actually part owners of ACL. Sweet.
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They should be but SISU never took the option up and then fucking liquidated CCFC and now look where we are . They only had to give them the money back for the 50% . It would have cost them a lot less in the long run. Short sightedness or part of the master plan . Who knows , but I know one thing . Us fans have been royally fucked over in the last six years.
covmark
Well-Known Member
We've been fucked over far longer than that mate.
The Gentleman
Well-Known Member
Yes, but Sisu had a chance to change that.
covmark
Well-Known Member
I agree, they've just added to the wankfest.
Can see why people are giving up. Very very sad.
James Smith
Well-Known Member
We won't know the financial health of ACL or SBL or Otium until the accounts are published. Unless you are outing yourself as someone with inside knowledge of any of the firms listed.
duffer
Well-Known Member
Well I suppose we'll see when the accounts come out - although all those exclamation marks, maybe it is a fact and I'd missed it.
Actually, if you'd have just said "FACT" or "END OF" at the end of your post, I suppose I'd have known for sure.
In the meantime, remind me again, how much are SISU proposing to spend on the new 12,000 seat arena?
dongonzalos
Well-Known Member
Well I suppose we'll see when the accounts come out - although all those exclamation marks, maybe it is a fact and I'd missed it.
Actually, if you'd have just said "FACT" or "END OF" at the end of your post, I suppose I'd have known for sure.
In the meantime, remind me again, how much are SISU proposing to spend on the new 12,000 seat arena?
New 12000 arena
Still makes me wince.
duffer
Well-Known Member
For a mere £25m (I'll help BA out here, he seems to have forgotten). But the 32,000 seat Ricoh's only worth £7m, apparently.
Mind you, small places in the countryside miles from anywhere can cost a bit more than large places in the City - maybe that's how it works.
DazzleTommyDazzle
Well-Known Member
Grendel
Well-Known Member
This years accounts will tell us nothing regarding ACL's future.
You've been away for a while James. Have you been preparing the media piece around them?
The Gentleman
Well-Known Member
Ahh, forgot you have the inside track on all things ACL don't you, are you sorting Mystic Sally?
dongonzalos
Well-Known Member
Grendel
Well-Known Member
Only when I'm not busy being Tim's Viagra.
Problem with Sally is she always seems to know what is coming next.
torchomatic
Well-Known Member
I think you're mixing up your sallys and your megs.
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skybluetony176
Well-Known Member
Isn't that the same same for any accounts. Unless you are Psychic Sally?
The Gentleman
Well-Known Member
He's got 2 on the go, you go Grendel
Grendel
Well-Known Member
It includes the Olympics money, rent from the club and the club as a permenant resident. The situation now is very different. Put it this way they have to be positive or else.....
The Gentleman
Well-Known Member
I know, disappointment is a bitch.
covmark
Well-Known Member
Will it not include the escrow money?
Grendel
Well-Known Member
Exactly - £500,000
sky blue john
Well-Known Member
A new hotel, train station all make sense for developing the conference side.
Shame Sisu's actions have alienated CCFC from benefitting from this development.
Shame Sisu's actions have alienated CCFC from benefitting from this development.
dongonzalos
Well-Known Member
For a mere £25m (I'll help BA out here, he seems to have forgotten). But the 32,000 seat Ricoh's only worth £7m, apparently.
Mind you, small places in the countryside miles from anywhere can cost a bit more than large places in the City - maybe that's how it works.
I thought it was more 3.5m?
skybluetony176
Well-Known Member
I take your point
This site never belonged to the council. It was purchased by developers who have been dithering about exactly how they are going to do with it!
fernandopartridge
Well-Known Member
Apologies - they've allowed the demolition and the site to remain an eyesore, suppose they have limited power mind. It seems to happen a lot in Coventry.
Not that the empty tax office was anything to look at.....
I think they're going to use the site as a plant store for the Friargate work
No future with SISU
New Member
The old sorting office is a private developer and has ground to a halt as the finance is not available. Axa had hold of the land on bishop st/lamb st.They sold the offices to a local firm who have got a loan of the council to convert the blocks into student use.Private firm own the market and the vacent land.What houses on greyfriers rd, the place is all offices/Flats. The council next big project is the friarsgate, if you live in coventry you will notice it.
torchomatic
Well-Known Member
Maybe the old dears who will be thrown out of the closing care homes because of the cuts can go and stop in the new hotel?
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