No. But stadiums are capital-exceptional projects, with repayment profiles over decades being the norm. Be the contract with a bank, private equity of via third party such as ACL or CCC, long term contracts need to be in place for places such as this. Nobody is going to build a stadium and cost it's repayment over 30 years, with a tenant that'll only commit to 3, are they?
When have the taxpayers or the charity ever seen any money from ACL? I thought all the profits were reinvested in the arena.
Very true, which is why the constant house rental analogies are very stupid.
However, building the whole thing for a business which is broke and couldn't afford to build it itself in the first place would always be a risk.
I would watch things like that if they just went from debate to scrap. Could you imagine some old councillor just jump down a few rows and knock another one out because he didn't care about the community centre?
The Ukrainians have it right:
[video=youtube;emKIIv2_cNI]http://www.youtube.com/watch?v=emKIIv2_cNI[/video]
It's not been me going on about how the taxpayers and charity have been cheated!
However, any profits reinvested would have been at least 5 million less(possibly a loss) if renogiation of rent had occurred on initial take-over.
Ian Neale looking to hand over the reigns @ Nuneaton for someone willing to provide substantial investment on the same day the Council are due to announce plans on the future of the Stadium...New tenants perhaps? Maybe the Hoff and Haskell have one more trick up their sleevesNuneaton Sky Blues..(firmly tongue in cheek by the way!)
Wasn't aware they had been cheated.It's not been me going on about how the taxpayers and charity have been cheated!
Might have been the kick up the backside ACL needed.However, any profits reinvested would have been at least 5 million less(possibly a loss) if renogiation of rent had occurred on initial take-over.
Wasn't aware they had been cheated.
Just been on CWR it's just a statement from Ann Lucas, that we (the Council) must move on, hardly worth the build up
Well according to Phil Upton?, who has seen the press release, just about yes. Although I expect it will be padded out a bit.Is that it?
That telegraph fella needs shooting.
which is exactly what they said last year... so do it then - or perhaps they cant as there isn't any other tenants that are of any real use to them...
CCC are movig on (but not moved on)
SISU are moving on (but arent talking to anyone and havent got a site)
SISU are in court with CCC as they havent moved on
CCC are open to talks with SISU as they havent move on
CCC cant wait forever without moving on
SISU have moved on and have a "independent forum" - please reply to independentforum@ccfc.co.uk
Leon Clarke wants to move on
Pressley wants to move the club forward
For the love of god... save the tree. "We have started a tree group"... my god it is like waiting for paint to dry.
Is that it?
That telegraph fella needs shooting.
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