Sky Blue Pete
Well-Known Member
Surely they wouldn't but we should be able to get an answer
Sisu - it's always somebody elses fault (1 Viewer)
- Thread starter skyblueiom
- Start date
Surely they wouldn't but we should be able to get an answer
elephanttears
New Member
They want it and with CCFC to play in it, its a long term revenue stream. I dont think they want Sisu to even get half of it. Because they know they will then be looking for the other half.
Mary_Mungo_Midge
Well-Known Member
He was clear in stating they had paid that value in rent. Clearly rent. The court order suggests his recollection may be troubled in that regard
oakey
Well-Known Member
So why would that be worse than where we are at now?
elephanttears
New Member
Does anyone think its morally right that Coventry Council are set to cut 800 jobs over the next 2 years but on the other hand bail out ACL to the tune of 14 Million pounds.
elephanttears
New Member
I dont get what you mean?
oakey
Well-Known Member
You haven't answered my question. You have changed the subject .. Like a politician!
elephanttears
New Member
lol i didn't get your question!
davebart
Active Member
different budgets
elephanttears
New Member
Sorry im behind you here!
Because them controlling the Ricoh with us in it gives them an indefinite revenue stream. The Ricoh without CCFC in it does not, the stadium would go to ruin.
elephanttears
New Member
Bollocks, in reality its all the same pot. If they cant afford to keep employees they they cant afford the Ricoh either.
Mary_Mungo_Midge
Well-Known Member
One is operating budget. The other comes from a fund they can borrow from at low rates, then charge ACL a greater value thereby making money.
It's not all one great pot. Pensions for example would be different yet again
elephanttears
New Member
Where has it been disclosed that this is where the money has come from?
elephanttears
New Member
Because CCFC is currently SISU like it or not. At least some of the revenue would be put back in to CCFc by sisu as the more successful the football team is the more money they make. I dont care if sisu take money from the club as long as it makes us more successful. Do you not think the Glaziers take from united?
Mary_Mungo_Midge
Well-Known Member
At the time of the deal. A central fund from which they can borrow at very low rates. They have back to back lent to ACL at a higher rate than they pay, therefore making money for the council. ACL got better rates than they were getting from their bankers: so in theory it's a win:win. Unless your name is Fisher
elephanttears
New Member
So who owns this central fund, government?
Mary_Mungo_Midge
Well-Known Member
I guess so, yes
elephanttears
New Member
Mmmmm seems a bit Fishy to me.
elephanttears
New Member
I have explained it you Derek, bore off
davebart
Active Member
Unfortunately neither side really want to run a football club. Yes SISU control CCFC but they wish they didn't have to. They wish they could access their money and run.
Unfortunately that doesn't bode well in negotiations when they want a share of the stadium. ACL must be concerned that they could put CCFC into admin at any time.
I cannot see any way out of this. Even if SISU get a very favourable deal it will not make the club profitable (or even stable). Long term the club will eventually hit the buffers.
davebart
Active Member
I'm lost now. what is the point? Would the council run the club better than SISU?
The council can't run the club. They have no mandate to do so.
oakey
Well-Known Member
Elephant, If the council owned the Ricoh and CCFC you think they would milk it and let it rot. Am I right?
Cannot see it, myself. If such an unlikely event came to pass the council would want to sell it, surely?
Maybe interested parties would then step forward, including part owned by supporters group a possibility, don't you think?
The 'bore off' comment was unnecessary, as I am not trying a windup, mine are genuine questions.
Cannot see it, myself. If such an unlikely event came to pass the council would want to sell it, surely?
Maybe interested parties would then step forward, including part owned by supporters group a possibility, don't you think?
The 'bore off' comment was unnecessary, as I am not trying a windup, mine are genuine questions.
Sky Blue Pete
Well-Known Member
What I think too. Just that sisu won't just walk away
mattylad
Member
I have no proof but years ago someone connected to the club said if you follow the matrix laid out it would cost 15m for half
elephanttears
New Member
Sorry for the comment.
Ive never said the council want to own CCFC, they cant and never will and wouldn't want to. The Council will not let hold of this revenue stream that is the Ricoh Arena thats what im saying. At least if Sisu/CCFC had half ownership some of the revenue would go to the club and with the fair play rules coming in we need that revenue. if we had half ownership you have all the commercial revenues, concerts etc and we would be able do make decisions about the arena itself.
oakey
Well-Known Member
You see this is what doesn't ring true for me. The revenue streams from the Ricoh are tiny compared to a council's budget and it seems more likely that CCC want rid of the whole thing but only to a company they trust to keep that part of Coventry improving. The last thing CCC need is aggressive Hedge fund types getting their grubby hands on a large part of the city's image and livelihood. CCC may be wrong but I do not believe their motives are mercenary.
elephanttears
New Member
The problem is neither the council or sisu are clear and transparent. No ones really knows whats going on and everyone has their own theory and reasons. I know what your saying but i dont think the Council should have the right to force out the owners of the football club because it doesnt think they are fit to run it, how do they know it wouldn't be successful if it had the proper revenue from the Ricoh?
Mary_Mungo_Midge
Well-Known Member
ACL say they can survive without the club. What might be of more interest is that they have had their accounts signed-off this week, which means their third-party and independent auditors must believe it's a viable concern moving forward; even allowing for the pretty real prospect of the club not being around for much longer.
You may not find this palatable, but it would have been considered by the auditors, and they were still happy to sign off the accounts. Deduce from that what you will
elephanttears
New Member
Short term ACL will survive, long term all interest would be lost from an Arena that has no team. CCFC would have a stadium of its own which local business would want to be associated with. The Ricoh would be demolished within 10 years due to lack of interest.
TheRoyalScam
Well-Known Member
Where would this fictional stadium be, and who would grant the planning permission? You're living in a cloud cuckoo land and going on my 'ignore' list with Grendel and the rest after I've read your answer.
elephanttears
New Member
Well if we didn't play at the Ricoh we would play somewhere else?
I couldn't give a flying fuck what list im on, keep your seedy little lists to yourself.