Sisu refuse to pay the Ricoh rent for a second month! (3 Viewers)
- Thread starter OyJimmy
- Start date
SkyBlueUkeman
New Member
"Big Issue... Big Issue anyone?"
Nonleagueherewecome
Well-Known Member
No but we are not the only source of income and they aren't reliant on us anymore. I bet they could soon make up the revenue in other areas. We aren't as indispensable to them as some people seem to think.
stupot07
Well-Known Member
I know, but the rent ccfc is only one bit of the income ACL get from having the club there - parking, refreshments, stand sponsorship, etc.
The CableGuy
Well-Known Member
I think CCFC only make up 12% of the Arena income, or that's what I've read, somewhere. :thinking about:
A winding up order from ACL should not be viewed as a bad thing by us fans. Let me explain. If ACL told SISU they planned to take a winding up order out then SISU and the council would then need to find an agreement on the way forward.
sisu's options would be:
1. Move CCFC to another stadium
2. Sell the club and take a hit financially (effectively admin)
3. Lose A lot more money by liquidating us
Councils options:
1. Sell the Ricoh at a massive loss to the taxpayer to stop Sisu relocating the club
2. Buy CCFC from Sisu
3. Let Sisu wind us up and face the wrath of fans
4. Let Sisu wind us up and buy another club like Walsall, rename them and move them to The Ricoh.
By not issuing a winding up order it seems to me our collective agony is merely prolonged
sisu's options would be:
1. Move CCFC to another stadium
2. Sell the club and take a hit financially (effectively admin)
3. Lose A lot more money by liquidating us
Councils options:
1. Sell the Ricoh at a massive loss to the taxpayer to stop Sisu relocating the club
2. Buy CCFC from Sisu
3. Let Sisu wind us up and face the wrath of fans
4. Let Sisu wind us up and buy another club like Walsall, rename them and move them to The Ricoh.
By not issuing a winding up order it seems to me our collective agony is merely prolonged
The bottom left has been getting populated lately as well......
Grendel
Well-Known Member
What for Thorn? You couldn't find paper big enough....
Wrong, Rev.
I applaud the non-Coventrians who follow the club.
What I think is wrong is for you chaps to be telling Cov Council where they should be spending their money.
You lads come to follow CCFC and fair play...there's thousands in our great City who can't be arsed....but CCFC is a PRIVATE company owned by profiteers.
OUR council may wish to bail them out, but non-Coventrians should have NO say in whether this is the case. The citizens of Cov alone can decide this.
I meant the 'threats'....yes, you could see AT as a threat, I suppose...if you looked at his record and lack of tactical nous.
SISU see other threats....the council, stay away season ticket holders, but strangely not themselves and their (lack of) actions....
stupot07
Well-Known Member
Council tax only makes up 16% of the councils income, the majority comes straight from central government so in affect anyone in the UK who is paying taxes should have a say on whether the council bail them out.
skybluesteve76
New Member
The Reverend Skyblue
Well-Known Member
Cheever this is a very emotive subject , and i totally agree that only Coventrians should vote ,if it comes to it, how they should either, bale out, or not help, the club financially.
I sometimes can't believe where are fans come from around the country, and indeed the world, and i ask how and why have they ended up supporting the skyblues, but i feel it adds to the debate to get there opinions and views on how the council and the club could somehow find a way forward out of the mess these parasites have got us into.I can't think of any poster who is saying that non Cov residents do have a say, if it did come to a vote or discussion within the city.
Hopefully with there latest actions will galvanise even more of us together ,and they'll soon realise the games up and its time to leave by the nearest exit.
The Rev
Johnrambo
New Member
I pretty much agree with this.
I do understand what Cheever means, and ofc Coventrians should have the word in this case.
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mattylad
Member
But the Butts is also a council owned venue so why the hell would they let a club that has saddled it with an enormous empty stadium allow them to play there when its already played in 12 months a year through rugby union and league!!
Grendel
Well-Known Member
Including those who have no interest in the welfare of the club (90% of the electorate)?
dutchman
Well-Known Member
The City Council has no say in the running of the club, only the stadium in which it plays.
In my opinion the Council should never have got involved with the stadium either.
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Johnrambo
New Member
Yes, even them. I know we are not so many overseas fans, but my option is that the footballclub is the ppl of Coventrys.
Grendel
Well-Known Member
Even though the taxpayer has no liability to the club at all?
Johnrambo
New Member
Yes, but the city council is for the ppl in Coventry right? I should not take more than 2 secs to see that all about Coventry City is wrong, the city council havent done anything, and now when shitsisu dont want to pay that much they cry.
Johnrambo
New Member
But the taxpayer has paid for the stadium right?
Mumford and Daughter
New Member
Oh right Always under the impression it was privately owned
Wrenstreetcarpark
New Member
No (too short), No.
thorninmyside
New Member
Its a 40 year lease. Its not the same as a house rental.
Leases are always negotiable and the landlord must be flexible in special circumstances. Sisu are absolutely right not to pay. The rent is at the moment too high for div 3 football. ..
Also consider this. .. 1.2 million a year won't be much in 30 years... the council would do exactly the same as sisu and use whatever method available to re-negotiate the rent.
Leases are always negotiable and the landlord must be flexible in special circumstances. Sisu are absolutely right not to pay. The rent is at the moment too high for div 3 football. ..
Also consider this. .. 1.2 million a year won't be much in 30 years... the council would do exactly the same as sisu and use whatever method available to re-negotiate the rent.
Kneeza
Well-Known Member
The stadium is privately owned - only ground rent being paid to the council. The council has no say in events that take place within the stadium.
I know that it would take an extraordinary set of changes to take place in the case of the soccer club for this to happen, but personally I'd love to see them wave two fingers at the Council/Higgs/ACL and move to the Butts for a couple of years. There's stacks of room there on the west side for a substantial temporary grandstand - seated or preferably standing), which would probably cost, what, a couple of months' rent at current rate? (Surely no more, but I stand to be corrected). The existing very comfortable stand seats over 3000, so with the 'new' stand and the limited standing at each end we're probably looking at around 10000 capacity. Enough in the short term at that level, I feel..
A season of consolidation in the third division (showing my age here...) and playing in front of a packed-to-the-rafters ground developing a real atmosphere unlike currently (Ricoh; no contest). Plenty of good pubs nearby (Ricoh; no contest) and a city-centre location (again, no contest).
The following year, really go for it with all the cash accrued from not lining the pockets of the council, and then let's see what they are willing to negotiate after two years of no regular sport in their sports stadium(?).
The club wins; Cov RFC wins (they are currently well-run and looking to move back up through the leagues with new finance coming in very soon. More from the rent CCFC could comfortably pay would go a long way in Rugby Union.
I see no losers in the long term (except for, hopefully, S**U).
Naive? Probably!
But I can dream, hey? :thinking about:
SBS
Active Member
Yes it is too high for Division 3, but we are there because of SISU. I hope the council don't move an inch. The council would do exactly the same as SISU??? What? Not accept our payments? Utter bollocks
BurbageSkyBlues
New Member
I think we are all missing the point.
Sisu have positioned ARVO (AVRO?) very well. They have secured all assets of CCFC against a 'Mortgage', which I think means that they will be left (broadly speaking) with the controlling say of those assets if the club goes into admin/liquidation, if I have correctly understood the posts from OSB and HateFootball.
The key item will be the ownership of the name, CCFC.
They will effectively have veto on whether to sell it, and at what price, to someone that wants to rescue the club from admin. If we are liquidated, I think they walk away with it, thereby being able to try to hold supporters/buyers to ransom, if we want our name back. Maybe someone with knowledge of the laws could advise on this?
Anyway, if that is the case, I see two possible outcomes:-
Sisu/arvo get a few million for the name, to offset their losses todate, which also enables the club to carry on in league1;
No one is prepared to meet their demands, so a new club is started, but right at the bottom in the same way as AFC Wimbledon.
It's only my take on the current situation, but this is why they are playing hardball with the rent- kid the council/ACL refuse to yield, the owners of ccfc have positioned themselves as best they can to make the above threat of shutting the club down, and still get a few bob out of it.
Sisu have positioned ARVO (AVRO?) very well. They have secured all assets of CCFC against a 'Mortgage', which I think means that they will be left (broadly speaking) with the controlling say of those assets if the club goes into admin/liquidation, if I have correctly understood the posts from OSB and HateFootball.
The key item will be the ownership of the name, CCFC.
They will effectively have veto on whether to sell it, and at what price, to someone that wants to rescue the club from admin. If we are liquidated, I think they walk away with it, thereby being able to try to hold supporters/buyers to ransom, if we want our name back. Maybe someone with knowledge of the laws could advise on this?
Anyway, if that is the case, I see two possible outcomes:-
Sisu/arvo get a few million for the name, to offset their losses todate, which also enables the club to carry on in league1;
No one is prepared to meet their demands, so a new club is started, but right at the bottom in the same way as AFC Wimbledon.
It's only my take on the current situation, but this is why they are playing hardball with the rent- kid the council/ACL refuse to yield, the owners of ccfc have positioned themselves as best they can to make the above threat of shutting the club down, and still get a few bob out of it.
dongonzalos
Well-Known Member
Shows just what bullies SISU are.
dongonzalos
Well-Known Member
Your support of SISU - both past, and now present - is really becoming an embarrassement, mate.
I suggest that you think before you post such drivel - or don't post at all.:facepalm:
What will it take for you to realise that SISU are raping the club...and now the city????!!!
Do you live in Cov? No.
So how can you speak for the Cov taxpayer???? :thinking about:
(I'm now waiting for the notice that I am banned.....:slap
isnt your ban up in a day