I remember the unfortunate thread now and I wrongly agreed with some comments about this delightful character:
https://www.youtube.com/watch?v=aUMEL36cHvk
Are you happy now !?
Godiva (original):
In the coming months we will most likely see and hear very little from the club owners - as usual.
But at the stadium side I expect quite a lot of activity. The stadium owners can surely not be happy with the outcome of this last battle with the club. They backed ACL's plan to replace sisu with new owners ... Hoffman/Elliott/Haskel the most promising prospects. So they took over the mortgage from YB - and in return got an invitation to visit the High Court to fight the legallity. They may have 'won' the first round there, but there may be more to come. And it doesn't look good when a council is summoned to a high court ... when there's smoke, there's bound to be fire somewhere.
Deleted member 5849:
Hmmm. Unfortunately isn't this he point of the JR application, to introduce an element of smoke without fire? Having been thrown out (note, an application to go before a proper hearing, so not even thrown out at the hearing's stage!) it's safe to say in this particular instance, there is no smoke.
Godiva (reply):
But the JR IS the smoke ... whether there was ever a fire remains to be seen. It may well be sisu's sole purpose just to send up smoke, but for somebody from the outside ... or even on this board in a year or two ... there will be this notion that there could possibly have been some kind of foul play. That uncertainty is a liability to involved politicians.
The Bear weighs in...
You're actually arguing against yourself here by admitting that Sisu's legal tactics are to discredit the Council rather than for any legitimate grievance.
Overall – and I don't want to make assumptions here so maybe you can put me right if needs be – you seem to be coming from a position that the business (in this case Sisu) approach is better than the democratic (the Council) approach. Without wanting to mini-Godwin this, possibly a Thatcherite/Libertarian view? Small government and allowing the invisible hand of the free market & all that?
Pax- we all want the football club back in Coventry- no doubt about it.
- Can we accept the football club back in Coventry with the current owners? I can- just about.
- Can the Otium regime be supported in their ludicrous business plan in taking the club to Northampton?- for me and clearly most-(supported by attendance figure reduction)- No- a bridge too far.
- Can I ever forgive them for their very clearly evidenced wrong doings and erosion of the football clubs status since their tenure?- Never.
- Can I rest easy in my bed safe in the knowledge of my football clubs future? Until they have gone- No
Move forward you say, do not have negative views you implore- you have an optimistic persona I grant you and am truly envious of it- convince me with reasoned argument as to why SISU(sorry Otium) are a good thing for CCFC- I am listening(reading) but come from a shadier more realistic side of the street or so it would appear.
I don't disagree with you King Power but with all due respect read over what I said again, it answer your question?
But without being pedantic I'm saying it is no longer a case of forgiving the past or the current situation but much more to do with accepting where we are at now. Once everyone just gets to grips with that reality (regardless of blame) we can hopefully try and put pressure on all sides in this continuing dispute to find a solution and as with Syria when you have one side determined to press ahead with without consensus then it will only get worse. It takes both sides to be at the table in order to get an agreement. The posturing must stop. That includes statements from both sides explaining their intent going forward. So if Otium truly do not want to come back to the Ricoh then lets here it and their future plan for a new stadium. If ACL/CC truly want the football club back asap then lets here it and how they think it can be done. Until both these babies stop having hissy fits and throwing the dummy out with the bath water we will get nowhere fast. The uncertainty and delay only causes more rumour and conjecture. It belittles the fans (which ever side you are on) and does absolutely nothing to enhance the football club. I sense there are a few last legal events to take place with crucial dates in the next few weeks ahead that have yet to be played out before we see very much of the common sense I suggest becoming evident.
No calling him a wum is absolute bollocks.
Godiva is entitled to his opinion without getting a twatish comment that he is a WUM.
He made a reasonable post about where he believes the situation is at the moment. It's based on the respective positions of ACL and CCFC.
Are the following facts true or false?
ACL is now earning £1.2m p/a less than it was with a rent paying tenant
ACL is also earning significantly less in its partnership with Compass due to not staging a minimum of 23 football matches from August to May.
There is absolutely nobody other than CCFC would look to rent the Ricoh Arena and bring in the same level of footfall on a consistent basis.
As a purpose built football stadium, financed partly through public funding, the City Council will face a lot of scrutiny if that football stadium is not put to use, regardless of whether they are to blame or not.
ACL earned nothing from the unethical shower that own CCFC in the last year---they stopped paying the rent remember.
Not strictly true, is it?
ACL emptied the escrow account for £500k and then got £530k from the administration. In addition they took the amount available on the clubs bank account at a given date - with the blessing of the court.
I wish the Council would sell up and keep their noses out and stop foockin the club up, they have cost the club 20 points so far. how does this benfit the club? way too much say for someone who owns a bit of grass and concrete
SISU WANT TO MAKE A QUICK PROFIT, THEY SPECIALIZE IN TURNING SHITE COMPANIES INTO PROFITABLE ONES AND THEN LEAVE WMAKING THEMSLEVES A HEALTHY PROFIT - EVERYONES A WINNER
Keep backing the council and not the club and it will get worse and worse.
Get the club back to the Ricoh, that what we all want deep down... well, the owners and the fans.
PUSB
Was at compass h q in chetsey on Wednesday and asked about the ricoh ,and was told they are making more money now without the football as it tied the venue up all day on a Saturday which in turn meant they could not use it for weekend events , didn't ask as a cov fan just had a conversation with a manager thereHe made a reasonable post about where he believes the situation is at the moment. It's based on the respective positions of ACL and CCFC.
Are the following facts true or false?
ACL is now earning £1.2m p/a less than it was with a rent paying tenant
ACL is also earning significantly less in its partnership with Compass due to not staging a minimum of 23 football matches from August to May.
There is absolutely nobody other than CCFC would look to rent the Ricoh Arena and bring in the same level of footfall on a consistent basis.
As a purpose built football stadium, financed partly through public funding, the City Council will face a lot of scrutiny if that football stadium is not put to use, regardless of whether they are to blame or not.
Was at compass h q in chetsey on Wednesday and asked about the ricoh ,and was told they are making more money now without the football as it tied the venue up all day on a Saturday which in turn meant they could not use it for weekend events , didn't ask as a cov fan just had a conversation with a manager there
Someone else tried that argument in this thread.
But ...
Don't known didn't ask them, the mrs is a manager for compass and was at head office for a course , I went for a freebee stayed in the hotel night before, mixed with other managers from around the country , the ricoh only came up once in conversationWhat events have they had on?
Was at compass h q in chetsey on Wednesday and asked about the ricoh ,and was told they are making more money now without the football as it tied the venue up all day on a Saturday which in turn meant they could not use it for weekend events , didn't ask as a cov fan just had a conversation with a manager there
Surely if they earn more with the club gone, they won't have us back?
What events have they had on?
weddings,one on there today
12000?
Sent from my Galaxy S4 using Tapatalk 2
Not really, it was an indian weddingStrange wedding food - Balti pie
weddings,one on there today
I wish the Council would sell up and keep their noses out and stop foockin the club up, they have cost the club 20 points so far. how does this benfit the club? way too much say for someone who owns a bit of grass and concrete
SISU WANT TO MAKE A QUICK PROFIT, THEY SPECIALIZE IN TURNING SHITE COMPANIES INTO PROFITABLE ONES AND THEN LEAVE WMAKING THEMSLEVES A HEALTHY PROFIT - EVERYONES A WINNER
Keep backing the council and not the club and it will get worse and worse.
Get the club back to the Ricoh, that what we all want deep down... well, the owners and the fans.
PUSB
If the owners really wanted to be at the Ricoh they would be. They have taken CCFC to Northampton with no business backed logic at all. They are and will continue to lose money as long as they adopt this crazy strategy......
They went to Northampton after failing to buy a share of the stadium, that was promised to them.
The club needs every single penny of income to fund the football club, to buy players to afford its own stadium (hopefully the Roch) ...To be sustainable
No business sense going, no business future staying.
Nothing was promised to them. There was a contract in place. They didn't want to give Higgs their money back though. They wanted the whole thing for 8m. Remember, that was what the judicial review was about.
They went to Northampton after failing to buy a share of the stadium, that was promised to them.
The club needs every single penny of income to fund the football club, to buy players to afford its own stadium (hopefully the Roch) ...To be sustainable
No business sense going, no business future staying.
ACL earned nothing from the unethical shower that own CCFC in the last year---they stopped paying the rent remember.
The earning potential of the Ricoh would be far in excess of that received from CCFC if a roof was put on, the pitch could be removed and conference and concert facilities provided. Why does anybody think sisu want to get ownership.
I really doubt it's for football reasons.
They went to Northampton after failing to buy a share of the stadium, that was promised to them.
The club needs every single penny of income to fund the football club, to buy players to afford its own stadium (hopefully the Roch) ...To be sustainable
No business sense going, no business future staying.
So you compound that situation by reducing your income stream in the short term?
Accepting part of your argument for now i.e no long term future in staying, would the sensible business decision not have been to remain at the Ricoh on the reduced rent- £400,000k or less whilst "Operation Brentfords" blue print stadium were built "somewhere" in the vacinity of Coventry? Its absolute madness from a financial perspective-and on the softer side to alienate your core support like they have done tells me what I need to know about the SISU/OTIUM organisation- they care not one jot about the football club or its fans-
Ricoh acquisition for peppercorn money is their only objective.
:blue:
... Just find it a bit odd though that SISU who chose to bankroll the club for the next (at least) three years whilst our new home is built, are willing to spend more propping up the club by going to Sixfields than staying at the Ricoh and very probably enduring less financial pain.
| Ticket price £ | Ricoh | Sixfield |
| 20 | 10,000 | 2,500 |
| Match Ticket Income(per game) | £200,000.00 | £50,000.00 |
| (A) Annual Ticket Income(23 Games) | £4,600,000.00 | £1,150,000.00 |
| Income from Catering *Assumes £10/Person/Game | £0.00 | £25,000.00 |
| (B)Annual Catering income(23 Games) | £0.00 | £575,000.00 |
| (C)Rent | £400,000.00 | £100,000.00 |
| Annual Income/revenue A+B-C | £4,200,000.00 | £1,625,000.00 |
| Lost Revenue opportunity | -£2,575,000.00 |
Im no accountant- and accepting that I have made many assumptions; but based on average ticket price of £20 and with the Ricoh average attendance at 10,000 and Sixfields at a generous 2,500- accomodating catering revenue at £0 for the Ricoh and at £10/person for Sixfield per game as an income stream- with an assumed Ricoh rent at £400,000 and at Six field £100,000 as debits- its a circa £2.5m loss of revenue per annum into SISU accounts.
I recognise and accept these are speculative figures, and I accept all criticism with regard to the simplicity of my maths as I assume other fixed costs such as players wages etc remain the same, but it just doesnt make any sense, whatever assumptions you plug into the model it just doesnt work?
Or am I being too simplistic?
Ticket price £ Ricoh Sixfield 20 10,000 2,500 Match Ticket Income(per game) £200,000.00 £50,000.00 (A) Annual Ticket Income(23 Games) £4,600,000.00 £1,150,000.00 Income from Catering
*Assumes £10/Person/Game£0.00 £25,000.00 (B)Annual Catering income(23 Games) £0.00 £575,000.00 (C)Rent £400,000.00 £100,000.00 Annual Income/revenue A+B-C £4,200,000.00 £1,625,000.00 Lost Revenue opportunity -£2,575,000.00
* EDit using these assumptions- an average crowd at Sixfield of circa 6232 is required to equalise the revenue streams
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