Sisu refuse to pay the Ricoh rent for a second month! (1 Viewer)
- Thread starter OyJimmy
- Start date
Otis
Well-Known Member
Bit far removed from the lovely, fluffy, Sky Blue tinted glass world Joy Seppala wanted to put across eh.
Can't see how not paying the rent while you are supposedly having meaningful conversations is the way forwards. Usually if you are going to strike you threaten to strike and try and talk to the employer about the strike before you strike.
You don't usually just strike and then try to have constructive conversations with the employer.
Can't see how not paying the rent while you are supposedly having meaningful conversations is the way forwards. Usually if you are going to strike you threaten to strike and try and talk to the employer about the strike before you strike.
You don't usually just strike and then try to have constructive conversations with the employer.
ACL should not hide from issuing a winding up order. Either Sisu pay up or they call in the administrator. The clubs finances must be resolved before we go any further.
One option I hope the council push for would be for ACL to buy the club from SISU. If successful the council should then sell the combined business to anyone but SISU.
One option I hope the council push for would be for ACL to buy the club from SISU. If successful the council should then sell the combined business to anyone but SISU.
torchomatic
Well-Known Member
No Rent Payment Again This Month
The main headline on CWR this morning as I was coming into work was that the Club have failed to pay the rent again for a second month running.
The main headline on CWR this morning as I was coming into work was that the Club have failed to pay the rent again for a second month running.
Wrenstreetcarpark
New Member
why should Joy Seppala pay rent? She has already said that she wants the Council and Higgs to give her ACL for nothing because she doesn't want to put any more money into Cov or CCFC. She says she has spent £40m and got nothing back so now she wants ACL fo nothing so that she can get the value out of that. Oh and if that doesn't happen she will walk away.
Remember who she is and what her reputation is. The first time she ever came to Cov was 10 March 2012 for the Birmingham game. That shows just how important the City and Club are to her. For her it is money, money, money. She invested, and lost, money, now she wants it back and she doesn't care who she hurts in the process.
Remember who she is and what her reputation is. The first time she ever came to Cov was 10 March 2012 for the Birmingham game. That shows just how important the City and Club are to her. For her it is money, money, money. She invested, and lost, money, now she wants it back and she doesn't care who she hurts in the process.
torchomatic
Well-Known Member
Christ, you're all so blinded with hate for SISU it seems that you almost want the club to go down the tubes. Amazing!
torchomatic
Well-Known Member
The council shouldn't expect anyone to pay £100k a month for playing at the ricoh fullstop especialy now being in league 1 i no its a contract but to me the council dont give a shit about CCFC either.Why sbould we pay almost £50k a game we probably dont even take much more than that in gate receipts.
Otis
Well-Known Member
Worse? It's not getting worse. It's getting better. Joy came on and said everything will be fine and they are in it for the long haul.
What's worse is, that some people on here bought it.
skybluesteve76
New Member
I wouldn't pay 100k for something I ain't gonna use until August either!
The council need to drop the rent immediately!
All the best
The council need to drop the rent immediately!
All the best
So Sisu talk about how important the club is to the city and its economy and commnunity just before not paying rent for the stadium half owned by the city. Seems they are simply trying to use fans to put pressure on the council to rework the deal and make ACL to look like the bad guys who are killing the club and city off.
Great. The tentacles of SISU grab mpre people, and brainwash them.
Hmm, everything will be fine! xD
Tad
Member
Think I speak for everyone when I say, I want a marshmallow tree
On a more serious note, we're screwed.
SkyblueBri
Well-Known Member
Time we played them at their game
Sisu only know one way of playing the game and it is hard ball. Look at how they threatened the old share holders, give us your shares or club goes bust.
Well I think it is time everyone from Council to ACL played them at their game and called their bluff.
We need a clean start in Div 1 and if that start comes with -10 points then that would be worth it, or we continue as now enduring a death of a 1000 cuts.
Sisu only know one way of playing the game and it is hard ball. Look at how they threatened the old share holders, give us your shares or club goes bust.
Well I think it is time everyone from Council to ACL played them at their game and called their bluff.
We need a clean start in Div 1 and if that start comes with -10 points then that would be worth it, or we continue as now enduring a death of a 1000 cuts.
It appears!!! that the council/Arena Coventry limited, have been herded into a classic catch 22 situation, and for the first time since they arrived
SISU/Finance, have revealed a course of action that they intend to pursue, with them defaulting on a second rent payment, they have put the onus on the council/ACL, either to pursue the matter through the courts, or to write off what is owed, and further more, reduce the rent on the stadium, if its the former, I suppose SISU will file for insolvency, and the council/ ACL will be seen as the villians of the piece, and the ones who Robbed 10,000 or so fans of their Football club.
On the other side of the coin, if the Council/ACL, cave in to SISU,s demands, there will be thousands of covenrty rate payers, up in arms about having their money used to subsidise a football club, and this at a time when services like police, fire service, schools,NHS, Road maintainence
etc are being cut,
This is a very hot political potato, for the council, in fact its a lose/lose situation, whatever way they vote.
if "YOU" were a councilor, charged with handling the public purse, for the community at large...Which way would you vote, knowing that it could cost you your seat at the next local elections.
This post is intended to be a neutral view, As a Council tax payer, and a Sky blue fan of over 50 yrs.
SISU/Finance, have revealed a course of action that they intend to pursue, with them defaulting on a second rent payment, they have put the onus on the council/ACL, either to pursue the matter through the courts, or to write off what is owed, and further more, reduce the rent on the stadium, if its the former, I suppose SISU will file for insolvency, and the council/ ACL will be seen as the villians of the piece, and the ones who Robbed 10,000 or so fans of their Football club.
On the other side of the coin, if the Council/ACL, cave in to SISU,s demands, there will be thousands of covenrty rate payers, up in arms about having their money used to subsidise a football club, and this at a time when services like police, fire service, schools,NHS, Road maintainence
etc are being cut,
This is a very hot political potato, for the council, in fact its a lose/lose situation, whatever way they vote.
if "YOU" were a councilor, charged with handling the public purse, for the community at large...Which way would you vote, knowing that it could cost you your seat at the next local elections.
This post is intended to be a neutral view, As a Council tax payer, and a Sky blue fan of over 50 yrs.
Hugh Jarse
Well-Known Member
Sorry Coop but are you talking 50p bollocks or £10 bollocks.
This is business, there is a written contact which the owners have signed which states they will pay x per month for the priviledge of using the stadium. I've not seen anyone saying that they know of a clause that reduces the amount should we fall upon hard times. Until the contact is renewed, we have to pay the going rate so, c'mon everybody, let's start living in the real world!
italiahorse
Well-Known Member
This is called "cutting off your nose to spite your face"
Administration = Liquidation - as in our case as no one wants us.
Come on lets get behind the only game in town.
Yes I suppose they are, but how can you evict some one thats never there
oldskyblue58
CCFC Finance Director
Notice how it is framed as "with held the rent" ...... implies they have the money but do not want to pay it. It is a much bigger problem if they simply can not pay the rent because they have no money........ that says they are insolvent and should stop trading immediately.
Would not want to be the auditors trying to sign off the accounts on a going concern basis thats for certain!
Also if ACL etc are seen as the bad guys in all this then thats a better story to tell their investors who apparently could lose £40m than "sorry guys we messed up"
Would not want to be the auditors trying to sign off the accounts on a going concern basis thats for certain!
Also if ACL etc are seen as the bad guys in all this then thats a better story to tell their investors who apparently could lose £40m than "sorry guys we messed up"
twistandshout
Well-Known Member
I suppose ACL are selling the same product twice ,CCFC are meant to pay rent even though they are not using the facilities .While ACL also make money out of the Olympics , who are using the facilities!
Mumford and Daughter
New Member
an agreement was signed
when you sign a contract you have to adhere to it
like when you purchase your car on finance , cant 2 years down the line decide its too expensive
sisu been all nice in the paper the other day and now we know why ?
and all the guillble posters on here believed them
oldskyblue58
CCFC Finance Director
Because right now they are in breach of contract which means they have no ground which means they have no business and technically the club could be seen as out of business .... it is only the goodwill of ACL that is allowing them to be there and that they continue
Brighton Sky Blue
Well-Known Member
If you wanted to get better rent terms on a flat, you wouldn't achieve it by withholding it-the landlord would chuck you out unless he was being extremely generous or stupid.