Sisu have ACL valuation !!!!!!!! (1 Viewer)

Forums New posts
Astute

Astute

Well-Known Member
Grendel said:
The purchase is worthless. It gives the football club what exactly?
Click to expand...

50% of the company that has 40 odd years lease.....and naming rights that will be up soon. A big say on rent payable which they would own 50% of the company that the rent would be paid to. A foot in the door to have talks about the freehold in the future.
 
Astute

Astute

Well-Known Member
Grendel said:
Its worth nothing - it gives the club nothing yet you still drone on. What does it give you? What's the benefit?
Click to expand...

You say it is worth nothing. You normally try to make out you are intelligent. Are you trying to make out you are thick today?
 
sky blue john

sky blue john

Well-Known Member
Astute said:
50% of the company that has 40 odd years lease.....and naming rights that will be up soon. A big say on rent payable which they would own 50% of the company that the rent would be paid to. A foot in the door to have talks about the freehold in the future.
Click to expand...

40 million in the coffers guaranteed then.
 
W

wingy

Well-Known Member
fernandopartridge said:
Osb or anybody else.

How was the value of the original CCFC share in ACL arrived at?

Why was it £6m? How could shares in a new company that hadn't traded be valued as such?

I assume It was 50% of what CCC were out for In their own Investment,coupled with the £21M shortfall funded through the lease .

What did CCFC do with the £6m?

Why did the charity undertake such a risky purchase?
Click to expand...


Edit; oops response in Line 4
 
M

martcov

Well-Known Member
henry the wasp said:
So we'd be able to keep our badge/kit/name if red bull came in?

sorry, question for martcov.
Click to expand...

Good question. A decision was taken on that yesterday. RB Leipzig were only allowed to be promoted into the 2. Bundesliga on Red Bull fulfilling certain conditions. This included changes to the badge ( which they have used since Red Bull came in ) and the administrative structure of the club.

The Bundesliga has rules governing ownership which the 3. Liga didn't have.

I haven't read the decision in full yet as I am very busy.

There are strings attached to Red Bull sponsorship / ownership. Some fans call Leipzig a franchise club ( usually the Lok fans ). Lok Leipzig turned Red Bull down and are now watching their arch rivals climbing the leagues.

Red Bull are associated with sporting success and I would be on to them straight away. It is only a matter of time before they get into England.
 
torchomatic

torchomatic

Well-Known Member
I don't know. You tell me. You confidently stated it was.

Send me the link when you find it.

martcov said:
I haven't got time now. Was it not claimed on here that there was a video?
Click to expand...
 
torchomatic

torchomatic

Well-Known Member
H

henry the wasp

Well-Known Member
martcov said:
Good question. A decision was taken on that yesterday. RB Leipzig were only allowed to be promoted into the 2. Bundesliga on Red Bull fulfilling certain conditions. This included changes to the badge ( which they have used since Red Bull came in ) and the administrative structure of the club.

The Bundesliga has rules governing ownership which the 3. Liga didn't have.

I haven't read the decision in full yet as I am very busy.

There are strings attached to Red Bull sponsorship / ownership. Some fans call Leipzig a franchise club ( usually the Lok fans ). Lok Leipzig turned Red Bull down and are now watching their arch rivals climbing the leagues.

Red Bull are associated with sporting success and I would be on to them straight away. It is only a matter of time before they get into England.
Click to expand...

I thought we had moved to Northampton? Did Timmy fish fuck fishy fish face fisher move us to east Germany overnight?!!!
Look at the badges/ colours of all the clubs red bull are associated with.
As an aside lok are my 2nd team. Calling rb Leipzig arch rivals is a bit of a stretch.
 
chiefdave

chiefdave

Well-Known Member
Grendel said:
Its worth nothing - it gives the club nothing yet you still drone on. What does it give you? What's the benefit?
Click to expand...

If owning 50% of ACL gives you no return then it stands to reason owning 100% of ACL gives you no return. We also know that ownership of the freehold will bring no return until the lease expires in 40 something years so following your logic the club should give up any attempt to purchase either of those. So that leaves either agreeing a rent deal or building a new stadium doesn't it? You've said before it's not viable to rent and we can all clearly see a new stadium isn't financially viable so what do you suggest as a solution?
 
M

martcov

Well-Known Member
henry the wasp said:
I thought we had moved to Northampton? Did Timmy fish fuck fishy fish face fisher move us to east Germany overnight?!!!
Look at the badges/ colours of all the clubs red bull are associated with.
As an aside lok are my 2nd team. Calling rb Leipzig arch rivals is a bit of a stretch.
Click to expand...

I met some Lok fans in the summer and I know some RB fans..... The Lok fans I met at midnight were rather aggressive ( the guy next to me had to go to hospital - I was lucky and, only because a big guy almost killed the ring leader of the Lok fans, got off lightly )....... there is no love there.

The Lok fans are well known for badness and are not exactly RB lovers.

The Bundesliga has made RB change the logo, but that was yesterday and I don't know any more than that.
 
Grendel

Grendel

Well-Known Member
Astute said:
50% of the company that has 40 odd years lease.....and naming rights that will be up soon. A big say on rent payable which they would own 50% of the company that the rent would be paid to. A foot in the door to have talks about the freehold in the future.
Click to expand...

No it doesn't. Shareholders have no say on policy - that is down to directors. "Foot in the door" is a myth.
 
Grendel

Grendel

Well-Known Member
chiefdave said:
If owning 50% of ACL gives you no return then it stands to reason owning 100% of ACL gives you no return. We also know that ownership of the freehold will bring no return until the lease expires in 40 something years so following your logic the club should give up any attempt to purchase either of those. So that leaves either agreeing a rent deal or building a new stadium doesn't it? You've said before it's not viable to rent and we can all clearly see a new stadium isn't financially viable so what do you suggest as a solution?
Click to expand...

The taxpayer apparantly is very concerned for the Higgs trust and do not want to see it ripped off

The council therefore buy them out. The taxpayer will be happy as its only concern is for the Higgs charity. That then leaves CCFC and the council to try and do business. The gooseberry is removed and gets its money back.
 
James Smith

James Smith

Well-Known Member
Do we know if the "worthless" comment was made with reference to the accounting value, that was mentioned in the Telegraph a few weeks back and OSB58 explained why it was shown as nil but might not be in reality (or something like that)?
 
chiefdave

chiefdave

Well-Known Member
Grendel said:
The taxpayer apparantly is very concerned for the Higgs trust and do not want to see it ripped off

The council therefore buy them out. The taxpayer will be happy as its only concern is for the Higgs charity. That then leaves CCFC and the council to try and do business. The gooseberry is removed and gets its money back.
Click to expand...

That would be great for Higgs but how does it help the club. SISU have said they won't deal with CCC and I don't think anyone would claim that either side holds the other in very high regard. Would CCC buying Higgs share see us any closer to playing in Coventry again?

For me, from a SISU perspective, there's a big problem. They want to see a return on their money but football clubs don't make money. Take SISU, CCC and Higgs out of the equation for a minute which will hopefully remove any emotion aspect of the argument. Lets say the fans owned the club and we had zero debt and were given the freehold and lease for nothing. Where from there? I can certainly see we should be able to get out of L1 without making a loss, the size of our crowds would allow for that but past that could we compete. Without losing money could we put together a team that could genuinely challenge for a PL place or would we have to 'take a punt'.

I'm sure right now we'd all say we'd be happy to be back in Coventry and playing in the championship but being realistic it would be a couple of seasons at most in the championship before the complaining started that we didn't have a competitive squad.
 
James Smith

James Smith

Well-Known Member
Grendel said:
How many is there in total?
Click to expand...

Think that there are 5 one of which is independent in case of deadlock they have the deciding vote. So getting them on your side is probably a good idea ;)
 
Grendel

Grendel

Well-Known Member
James Smith said:
Think that there are 5 one of which is independent in case of deadlock they have the deciding vote. So getting them on your side is probably a good idea ;)
Click to expand...

And who currently is the fifth director?
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Top