The Reverend Skyblue
Well-Known Member
I bloody can't sleep again and I'm off to Rome for three days in four hours.
does anyone know cure for insomnia
does anyone know cure for insomnia
"The preferred site for the new stadium was revealed..." (1 Viewer)
- Thread starter Pusb1
- Start date
covmark
Well-Known Member
Just read a couple of skybluetony's posts, that should sort you out
bigfatronssba
Well-Known Member
I'm not talking about match day revenues, I'm talking about rent. Why would Wasps not want the income from rent?
You make a valid point about pitch maintenance, but I very much doubt the clubs rent doesn't more than cover maintenance costs.
Then of course there is sponsorship and naming rights at the ground. The more that happens at the stadium the more they can charge for these.
There is nothing to suggest we are going to be thrown out in a few years. Its just scaremongering to say so.
mrtrench
Well-Known Member
I have decided that I am spending too much on my mortgage. I need the extra money to buy booze and fags. As a result I have stopped making the payments and have plans to build a new house in the Coventry area. My wife got rather cross, but she's fine now because I have shown her the artist's impression of what the house will look like.
The Reverend Skyblue
Well-Known Member
Well I'm buggered I never slept even for a minute, fucking insomnia.
ill take the Covmarks advice of reading skybluetonys posts and run with it. I could try a video of our home game against Notts County as that will definitely work
ill take the Covmarks advice of reading skybluetonys posts and run with it. I could try a video of our home game against Notts County as that will definitely work
letsallsingtogether
Well-Known Member
Link please?
So you know this for definite or as usual does it just suit your argument?
letsallsingtogether
Well-Known Member
Simple really.
Ward we were shown documents with postcodes blacked out so can't say where the sites are?
Strange we have been shown the sites and know where they are?
They were at the same meeting one knows where the new ground is the other doesn't?
More bullshit and these are supposed to be our representatives.:thinking about:
skybluetony176
Well-Known Member
bradwellskyblues
Well-Known Member
Without any doubt jonathon strange will know the location of proposed stadium he is a full time confident of joy and tim I can't speak for Mr ward.
the whole meeting was a attempt to get the fans on side as with all things all that shines through is their complete incompetence
the whole meeting was a attempt to get the fans on side as with all things all that shines through is their complete incompetence
spider_ricoh
New Member
Jon Strange likes to pretend he has influence at the club - the fact is that he is doing nothing more than flattering his own ego. He cannot advise the board on behalf of the fans any more than any of us could. The club will in no way benefit from any advice he gives to the board. He has no expertise to offer as he is neither an ex-footballer, a businessperson or got a background in project management - he is a professional violinist.
bradwellskyblues
Well-Known Member
Spider you are 100%correct in what you say ,it shows were the owners are when they cling to jonathon as no one with any credibility will go near them.
J
Jack Griffin
Guest
That contradicts this sentence in the article about the meeting on the club site. I smell bullshit.
lordsummerisle
Well-Known Member
At least we have that to be thankful for, not fucking Ranson.
The professional violinist bit might be useful to be fair, maybe he can play the smallest violin in the World for us at a concert in the Ricoh.
spider_ricoh
New Member
I would have RR back at the drop of a hat. My dream board would be Elliot (chairman), Waggot (CEO), Byng, Hoffman, Ranson and Andy Thorn (director of football).
lordsummerisle
Well-Known Member
covboy1987
Well-Known Member
Why would we need a new stadium
Why would the club need a new stadium, when potentially we have a superb new landlords that are laying a pitch in the summer that will be arguably be as good as any pitch in Europe,also refurbishing the away changing room and basically going all out to making us feel at home and sounding like a company that anyone could work with
The two clubs can easily share the same venue just like the 15 other rugby/soccer clubs in the football league. Why would the club want to spend the best part of 30 million when they can negotiate a long term deal and possibly have all the food and drinks on the day - does not make financial sense as if they move myself and 9 of my mates are not going, as no doubt if it did happen it would be outside of COV so unfortunately looks like the end of our support.
Why would the club need a new stadium, when potentially we have a superb new landlords that are laying a pitch in the summer that will be arguably be as good as any pitch in Europe,also refurbishing the away changing room and basically going all out to making us feel at home and sounding like a company that anyone could work with
The two clubs can easily share the same venue just like the 15 other rugby/soccer clubs in the football league. Why would the club want to spend the best part of 30 million when they can negotiate a long term deal and possibly have all the food and drinks on the day - does not make financial sense as if they move myself and 9 of my mates are not going, as no doubt if it did happen it would be outside of COV so unfortunately looks like the end of our support.
singers_pore
Well-Known Member
Its no wonder Mr Strange gets on so well with SISU. They are all on the fiddle*
* meaning they are all violinists for the sake of any lawyers reading
shmmeee
Well-Known Member
dongonzalos
Well-Known Member
Thorn as Chief Scout
Otherwise that line would do better for us than the last few years IMO
I agree with you 100%
Grendel
Well-Known Member
This seriously deserved a thread all on its own.
Grendel
Well-Known Member
Top wumming
letsallsingtogether
Well-Known Member
Why I thought he was a good scout just not a manager?
The Penguin
Well-Known Member
Geez, what more do they want? I've been waiting three weeks to find out about this new ground, and those three weeks have seemed like twelve months!
Kingokings204
Well-Known Member
Is that all?
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J
Jack Griffin
Guest
oldskyblue58
CCFC Finance Director
Ok I know it is all conjecture but could someone please explain to me how by simply owning our own stadium means that there is a significant change to turnover and profitability for CCFC that will guarantee success?
Look at these figures from Bristol City 2013 group accounts - they own their ground. Wouldn't say as a club they were too dissimilar in terms of turnover potentials if both controlled the ground they occupied
.....................................2013.......................2012
Matchday income........1,132,457.....................1,360, 953
Season ticket revenue..1,960,641....................2,003,273
Broadcasting revenue...... 80,000.......................220,000
Football League pool......1,820,000..................2,450,000
solidarity payment ........2,290,025..................2,171,000
other football income........694,544....................337,574
Stadium Revenue
Concert ...................................0.............. .....1,111,662
other ...........................1,925,755.............. ....2,222,462
total ......................9,903,422.................11 ,876,923
This was in the Championship with crowd average at 13500 so numbers need to be discounted to reflect the L1 situation. Most incomes (80%) disclosed would seem to relate directly to the club not ownership or tenancy. The other incomes (the 20%) also bring with it the additional direct costs of supply and labour. It will not leave a lot of surplus. Without promotion to the Championship CCFC whether doing a deal at Ricoh or having built a new stadium will not hit such figures. But even so like I said most incomes seem to actually have nothing to do with ownership or tenancy
Our situation already necessitates a large interest charge, the investors will require a return. Yes to help cash flow it might not actually be paid but it has not gone away its just more debt. To build a new stadium is going to require both capital and revenue working capital. Where is that coming from and the additional cost (interest) will need to be paid each year. Without promotion how do CCFC afford that? Without players of the right standard how do CCFC get promoted? Without working capital how does CCFC get those players? Where does the working capital come from? How do you get significant working capital without more debt and therefore interest or selling the best players (hampering chances of promotion)? Is promotion linked to stadium ownership or tenancy?
It is no good saying ah but the rules are different in the Championship so L1 wont matter. They will. Firstly we have to get there by matching the L1 rules whilst having a low income and large debt burden. Secondly once there income goes up yes but so does the biggest cost of any football club - wage costs, if they don't then you almost certainly start the team process again in L1 the next year. Third, it is ok saying we can make £5m loss under the rules - who is going to fund that £5m loss?
So what is the difference owning a new stadium makes that totally changes the fortunes of CCFC year after year. As far as I can see unless you are Premiership or yo yo between Premiership and Championship then you will need someone to keep dipping in to their pot to finance you. Yes a stadium can be mortgaged but has a finite value and affordability is an issue. How does building and owning a new ground bring in the extra 5, 6, 7m per year to make the difference?
How do we get out of the hole we have dug for ourselves whether we stay or move? or have we "found our level" ?
Look at these figures from Bristol City 2013 group accounts - they own their ground. Wouldn't say as a club they were too dissimilar in terms of turnover potentials if both controlled the ground they occupied
.....................................2013.......................2012
Matchday income........1,132,457.....................1,360, 953
Season ticket revenue..1,960,641....................2,003,273
Broadcasting revenue...... 80,000.......................220,000
Football League pool......1,820,000..................2,450,000
solidarity payment ........2,290,025..................2,171,000
other football income........694,544....................337,574
Stadium Revenue
Concert ...................................0.............. .....1,111,662
other ...........................1,925,755.............. ....2,222,462
total ......................9,903,422.................11 ,876,923
This was in the Championship with crowd average at 13500 so numbers need to be discounted to reflect the L1 situation. Most incomes (80%) disclosed would seem to relate directly to the club not ownership or tenancy. The other incomes (the 20%) also bring with it the additional direct costs of supply and labour. It will not leave a lot of surplus. Without promotion to the Championship CCFC whether doing a deal at Ricoh or having built a new stadium will not hit such figures. But even so like I said most incomes seem to actually have nothing to do with ownership or tenancy
Our situation already necessitates a large interest charge, the investors will require a return. Yes to help cash flow it might not actually be paid but it has not gone away its just more debt. To build a new stadium is going to require both capital and revenue working capital. Where is that coming from and the additional cost (interest) will need to be paid each year. Without promotion how do CCFC afford that? Without players of the right standard how do CCFC get promoted? Without working capital how does CCFC get those players? Where does the working capital come from? How do you get significant working capital without more debt and therefore interest or selling the best players (hampering chances of promotion)? Is promotion linked to stadium ownership or tenancy?
It is no good saying ah but the rules are different in the Championship so L1 wont matter. They will. Firstly we have to get there by matching the L1 rules whilst having a low income and large debt burden. Secondly once there income goes up yes but so does the biggest cost of any football club - wage costs, if they don't then you almost certainly start the team process again in L1 the next year. Third, it is ok saying we can make £5m loss under the rules - who is going to fund that £5m loss?
So what is the difference owning a new stadium makes that totally changes the fortunes of CCFC year after year. As far as I can see unless you are Premiership or yo yo between Premiership and Championship then you will need someone to keep dipping in to their pot to finance you. Yes a stadium can be mortgaged but has a finite value and affordability is an issue. How does building and owning a new ground bring in the extra 5, 6, 7m per year to make the difference?
How do we get out of the hole we have dug for ourselves whether we stay or move? or have we "found our level" ?
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Mary_Mungo_Midge
Well-Known Member
And you know exactly and precisely why he's not......
Oh yes!
Terry Gibson's perm
Well-Known Member
Surely this is the sort of question Strange and his mate should be asking Fisher in the board meetings not just sitting there.
dongonzalos
Well-Known Member
I did ask mr Strange if he would open thread on here for people to suggest such questions. He was going to discuss it with the rest of the SCG.
Jan you were at the meeting ( or anyone who was there, that us reading this)
Do you know if the group agreed?
Broken Hearted Sky Blue
Well-Known Member
Dont be silly he's got enough questions to ask for his imaginary "International Supporters" group'plus he's got to arrange as I understand how he and Mr Ward are going to swap roles and then swap again and again and again.......
Mary_Mungo_Midge
Well-Known Member
It won't; and that's long since been one of my issues. It's a very emotive point to say 'we need 365-day' income; but what does that actually mean? It's sensible-sounding but notwithstanding rhetoric without substance.
For example, how can you factor in conferencing; without knowing location? Companies often want quick-drop in facilities; which, next to the M6 at junction 3 as the Ricoh represents a proposition that can't be matched by a location at Brandon, for example. How can you factor in naming rights, without location? A visual prominence, such as that the Ricoh enjoys, has a value that's wholly different to that of a stadium, hosting third or fourth tier football off an A-road. Parties and the like? Try Googling it - the world and his wife is trying to get onto this bandwagon; so what's the USP that gets someone to choose a new football ground over existing and proven facilities that already exist?
And then there's the sticky issues of investment. Who would countenance further investment into the hitherto failing CCFC project without firm projections against the above? Which, for me, can't be forthcoming until location is known. As such, I simply don't believe the new stadium line - this above and beyond the starling lack of tangible progress. SISU's stance is evidently to now bide their time. They won't sell at the bottom of their investment cycle, and therefore look as if they'll sit tight until their fortunes change