ccfc92
Well-Known Member
that worries me aswel. Imagine CCFC fans in charge of CCFC, we can't even be bothered with the club half the time :facepalm: (general comment, not aimed at anyone)
Whilst I don't disagree the aim of this bailout seems to me to be specifically about fan ownership not jus another owner per se.
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That would be like asking how much CCFC is worth, although CCFC's worth will be negative with all the debt it is in and running at a loss of millions a year because the club has been taken away from it's supporters.
Something is only worth as much as it can be sold for. It's value isn't just what one person/company/hedge fund would say it is worth. And the Ricoh and ACL are worth more than SISU would ever pay if that is what you are aiming at. They have wasted many millions trying to get a few millions knocked off the price. And it isn't over yet.
No hedge fund has the right to expect someone (a local charity and local council) to just give/let go for well under value an arena that is much more than a football stadium to the hedge fund (a dodgy set up it could be said) so they can make their investors money and not go to the football club.
I'm thinking that most people think that ACL/ Ricoh is worth a lot more than what it actually is that's all.
An independent valuation might upset a few people too if it's lower then expectations.
The last evaluation of ACL I heard was £6m with the club still there paying rent
agreed. but we need an evaluation on the Ricoh IMO, acl are completely different.
bit like saying a car is worth this much because it had one female owner from new
Very true.
Then ACL/ SISU should both get an evaluation of both ACL and the Ricoh.
Then we will have a starting point for any meaningful talks going forward
How will the fan ownership cover losses of being at the Ricoh or any other ground?
Who are these co-investors, what do they get for investing money? How much will they invest?
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Well said Michael.
It seems you've already had some replies from the extremists.
How will the fan ownership cover losses of being at the Ricoh or any other ground?
Who are these co-investors, what do they get for investing money? How much will they invest?
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what is this strange thing called common sense you are using? :thinking about:
I'm thinking that most people think that ACL/ Ricoh is worth a lot more than what it actually is that's all.
An independent valuation might upset a few people too if it's lower then expectations.
The last evaluation of ACL I heard was £6m with the club still there paying rent
You say that like the club only had losses because of the rent at the Ricoh. We all know that's not the case and the rent offers have moved on considerably since we were last at the ricoh.
Sound bites can be misleading.
May I ask how you have come to the conclusion we will make a loss if we were at the Ricoh? You must have some forecasts to have predicted that, especially as there would most likely be a massively reduced rent. And then factor in your attendances would be tenfold what you get at the moment.
Btw I would like a fan owned or majority owned club like the German system at least we would get some transparency with what's going on behind closed doors.
I'm thinking that most people think that ACL/ Ricoh is worth a lot more than what it actually is that's all.
An independent valuation might upset a few people too if it's lower then expectations.
The last evaluation of ACL I heard was £6m with the club still there paying rent
Not misleading Tony, you're reading something that's not there:
"How will the fan ownership cover losses of being at the Ricoh or any other ground?"
We lost £7m last year whilst not paying rent. (Yes our outgoings have been trimmed since then)
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We lost £7m last year at the Ricoh whilst we were not paying any rent. Yes we have trimmed costs, but I would still expect losses.
The German model works great in Germany because all clubs have to adhere to it, the clubs with 51%+ fan ownership are all in league two or lower.
http://en.m.wikipedia.org/wiki/List_of_English_football_club_owners
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Not misleading Tony, you're reading something that's not there:
"How will the fan ownership cover losses of being at the Ricoh or any other ground?"
We lost £7m last year whilst not paying rent. (Yes our outgoings have been trimmed since then)
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so the top league of german football has normal owners?
So they never paid the rent in Northampton either? :claping hands:
Our wage bill was nowhere near the loss. Must be made up by a lot of interest payments, management fees and legal charges. Somebody will have to pay for all this litigation after all.
So they never paid the rent in Northampton either? :claping hands:
Our wage bill was nowhere near the loss. Must be made up by a lot of interest payments, management fees and legal charges. Somebody will have to pay for all this litigation after all.
This is what many pro-sisu don't realise.
The line before the one you bolded answers that already, it's the main crux of his point.
This is what many pro-sisu don't realise. they look at the figures of -£(7million) and assume it's due to the rent.
I don't pretend to be a mathematician, but a simple 10,000 x £15 x 23 = £3,450,000. 18 players X 3k per week (a rough average wage?) x 52 weeks (assuming they get payed for the whole calender year) = £2,808,000.
£3,450,000 - £2,808,000 = £642,000 profit
I haven't taken into account sponsorship, prize money etc aswel as general staff wages, but I assume they more or less cancel each other out.
so add on the interest of previous debts and there's your -£7,000,000a very good reason to leave the ricoh
Who are these people?
Ofcourse it's not due to rent. It's operating costs.
Not having a go at you, but people think that the only costs are the players wages.
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Nice one Michael... What happened to 'we're not anti SISU/ACL - we're pro team' ?
Has someone been in your ear promising you the world if we can get the bad SISU people? 'Yes Michael you can be on the fans board...'
I don't know what's more of a joke...
completely agree, and that's why I said:
I haven't taken into account sponsorship, prize money etc aswel as general staff wages, but I assume they more or less cancel each other out.
but surely cutting income by 90% is not a good tactic?
Of course not. The move to Sixfields makes no economic sense. Although technically in the 2013 accounts ticket sales only comprise of 43% of our turnover.
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So you think sisu have been good for the team?
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