deanocity3
New Member
jesus christ wish I wouldn't have asked now.Ed Stewart's fault
Nobody has said it is worth millions, and the club is not currently loss making if you take the rent out of the equation. The club is almost on an even keel and has roughly broken even this season up until recent...
With or without the rent, the club is still loss making.
Well, the conversation I had with a senior club official recently suggests otherwise. The club had been almost entirely self-sufficient this season, although the Spurs and Arsenal cup ties were a significant help.
Obviously they haven't been paying the rent, but what is clear is that without that monkey on its back we have a viable football club which if allowed to could rebuild largely free of debt seeing as SISU seemed quite happy to write it off as equity (up until recent events at least). ACL will not play ball though, so we face the very real prospect of the club going under just at the time when when the club was starting to look like a semi-viable business.
More brinkmanship from the king of spin.
Yep nail on the headYou've hit the nail on the head, more puff from Fisher!
Do you think they will go with a waddle
Well, the conversation I had with a senior club official recently suggests otherwise. The club had been almost entirely self-sufficient this season, although the Spurs and Arsenal cup ties were a significant help.
Obviously they haven't been paying the rent, but what is clear is that without that monkey on its back we have a viable football club which if allowed to could rebuild largely free of debt seeing as SISU seemed quite happy to write it off as equity (up until recent events at least). ACL will not play ball though, so we face the very real prospect of the club going under just at the time when when the club was starting to look like a semi-viable business.
You keep pedalling it sunshine some may buy it ,The Boy who cried Wolf .
Well, the conversation I had with a senior club official recently suggests otherwise. The club had been almost entirely self-sufficient this season, although the Spurs and Arsenal cup ties were a significant .
I think the senior club official is being economic with the truth, the debt was never converted to equity. The club is still losing money.
Nobody has said it is worth millions, and the club is not currently loss making if you take the rent out of the equation. The club is almost on an even keel and has roughly broken even this season up until recent events.
Accessing those revenue streams would help, and at least make the club viable as an on-going concern and also more attractive to any potential buyers or investors as we would then effectively have a club with no external creditors that was not losing money, which is not a particularly bad place to be in.
Oh, but I forgot, people don't want to take the sensible route out, they'd rather the club disappeared and started afresh is the EvoStick Load of Old Shite One Man and His Dog Northern League Division 2.
Chris Waddle? He had a hit with Glenn Hoddle didn't he?
You keep pedalling it sunshine some may buy it ,The Boy who cried Wolf .
Chris Waddle? He had a hit with Glenn Hoddle didn't he?
Look; I'm as much as a Cov fan as you and want nothing but the best for my team but don't you realise by now that Sisu will fleece us for whatever they can make and just walk away! They have no interest whatsoever in the long term well-being of our club. It is seen simply as another "investment"Well, I have news for you Sisu.....your "investment", has gone tits up so GET OUT NOW. Oh, sorry, forgot.....there is nobody waiting in the wings to take over. Just do it Sisu and then we will find out if that is true.
This is spin for sisu they are hoping for a buyer. Some publicity will do that for them!
I think the senior club official is being economic with the truth, the debt was never converted to equity. The club is still losing money.
All ACL should say in response is put it into admin then and we will agree a price with the administrator.
I doubt it, no one is going to agree to ACL's demands.
Must be awful when your landlord demands you pay 67% less rent.
I doubt it, no one is going to agree to ACL's demands.
Are you suggesting ACL would buy the club?
Would that even be legal?
"If that means liquidation then so be it." Certainly not like me or any Coventry City fan, I know.
Why would anyone want to pay 400K a year in rent and not receive any revenue?
Yes because it would protect ACL revenue and yes cos it is legal
All ACL should say in response is put it into admin then and we will agree a price with the administrator.
Maybe when we have competent owners they will be trusted with revenue streams.
Why would anyone want to pay 400K a year in rent and not receive any revenue?
Maybe when we have competent owners they will be trusted with revenue streams.
Mail on head of you ask me!!
Facts are ACL have offered CCFC around £250k in revenue (£100k f&b profits and £150k car parking) and also offered to cross invoice the f&b turnover (£1m) for FFP purposes for CCFC so they would be receiving significant revenue for their £400k rent - oh and a Premier League standard ground as well.
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