But please remember who put us into this position in the first place, ACL far too long ago for most of us to remember but the owners reacted to put us into administration before that could happen, if they hadn't ACL
would have totally destroyed the Sky Blues IMHO!
This all started because the rents too high.
It was okay in the Championship and SISU took us down to L1
Now the rent is lower than SISU could ever imagine it's still not good enough.
They are using ACL and CCFC to get what they want and if does not go through will never be forgiven.
FISHER/SISU at least say you want the deal
SISU wouldn't accept if they were offered free rent and access to revenue streams.
How can Fisher make a comment such as " Their is no Financial Gain in this" What a load of shit! 1,000-2,500 fans at Northampton at £12 per ticket =£30,000 at best, compared to say 9,000 at the Ricoh at say £20.00 per ticket = £180,000 per game.... £150,000 per game better off... how is it not a better financial deal to accept the ACL offer? Do the maths.
Joy do us a favour and sack this complete moron, you will never ever ever get close to owning the Ricoh with that fat shit mouthing off all the time.
SISU wouldn't accept if they were offered free rent and access to revenue streams.
I would be truely shocked if Lucas and Joy were both there on Fri
What would a meeting with Ann Lucas achieve ,is she on the board of ACL ? if not then she has no say in their buisiness, if the fuul council wanted to have a discussion and make recommendations to the ACL board then they can do but I think recommendations is all they can make they have no say in the management of ACL
Media Blackout?
This has always been SHITSU's standard of confidentiality, hasn't it?
Nor can Joy shes not a director of Odius:thinking about::facepalm:
I think the show stopper is the 10 year lease. The rent is probably more or less acceptable if access to F/B revenue is included.
The lease should be 4 - maybe 5 year.
I read some suggestion that a 10 year lease is the minimum accepted by FL/FA - but surely they could simply continue the existent lease reducing the remaining length to 4/5 years?
I think the show stopper is the 10 year lease. The rent is probably more or less acceptable if access to F/B revenue is included.
The lease should be 4 - maybe 5 years.
I read some suggestion that a 10 year lease is the minimum accepted by FL/FA - but surely they could simply continue the existent lease reducing the remaining length to 4/5 years?
She's a shadow director.
She's a shadow director.
The rent was £1.2m on a 40 (?) year lease.
They've been offered £150k on a 10 year deal ( with higher or lower rates for promotion or relegation) and you still think there are "show stoppers"?????
Do me a favour......
I think there is lots of leaps into the dark here. I can't see quite how you can firmly suggest SISU won't stop trying to distress ACL because they want the Ricoh arena? I think it's more complex than that.
The deal offered now is not as easy and as good as it looks. However with the F&B added as has been suggested, rent lowered to almost peppercorn levels it's difficult to see why SISU would turn it down. That was the main basis that started it all.
Perhaps the details of the new 'fixed' term lease is the stumbling block? Is it not assignable? Now would you take a fixed term lease on that you could not reassign in order to sell your interest? Not saying that is the problem, just a thought.
The rent and the F&B etc all seem fair but the 10 year lease and it's requirements are where the stumbling block is I suspect.
While leaks about the rent and stuff have come out the terms of the lease have not.
If the lease was anything it should be (no conditions other than standard stuff) then I would have difficulty in understanding SISU's refusal.
Remember Hoffman's "I'll pay the rent@ nonsense last month? That for example was no such thing once you disseminated the offer.
So lets wait and see. there is plenty to discuss Friday.
With all the emotions I really believe that there will be trouble at Northampton surrounding our games both inside the stadium and out. I do not condone that sort of behaviour, but people get mad once provoked. I'll be giving it a wide berth for different reasons.
So you also think a 4/5 year lease would be a good compromise?
Sadly I think that's me done for any chance of watching a home match for the next five years at least and possibly ever as I'm not sure the club will survive. I haven't even put the fixtures into my calendar for next season which is something I normally do the day they're released. I think you may not have lost me as a Sky Blues Supporter under your ownership but for ever if you aren't gone before long.
Tim if you really were on a cliff I suspect there are more of your former customers in Coventry (also known as fans) who would like to tip you over, ACL would have to join the long queue. What's next Tim are you running out of people to bring a legal challenge against, are you going to sue the Higgs Charity as you've not done so yet. Compass, Ricoh, Tesco where will it end?
If you were serious about staying in Coventry and not just distressing ACL then you would have taken this offer. Other people have pointed out how much it is going to cost you in terms of lost potential revenue by moving to Sixfields. This is going to cost us under FFP and as a result the playing squad will suffer virtually ensuring relegation next season. If you'd taken the offer on the table, you might have gained some flicker of the respect you lost some time ago with your customers.
There was a chance to fill the Ricoh on the first Home match of the season and you've tossed that away like the supporters of our club. It's now more obvious than ever that you don't care about the fans and are just in this to distress ACL and gain the Ricoh for nothing or virtually nothing. Well despite my attempts to be civil and calm whilst posting on this site, I've just given up on that. Just Bugger* Off and take the statue of Joy with you off to your tinpot stadium site, which you're still looking at. If you touch my brick at the Ricoh let alone remove it and I'll sue you faster than you can put another legal challenge in against ACL and CCC.
:blue:
*which you can substitute with a four letter word beginning with the sixth letter of the alphabet.
I think there is lots of leaps into the dark here. I can't see quite how you can firmly suggest SISU won't stop trying to distress ACL because they want the Ricoh arena? I think it's more complex than that.
The deal offered now is not as easy and as good as it looks. However with the F&B added as has been suggested, rent lowered to almost peppercorn levels it's difficult to see why SISU would turn it down. That was the main basis that started it all.
Perhaps the details of the new 'fixed' term lease is the stumbling block? Is it not assignable? Now would you take a fixed term lease on that you could not reassign in order to sell your interest? Not saying that is the problem, just a thought.
The rent and the F&B etc all seem fair but the 10 year lease and it's requirements are where the stumbling block is I suspect.
While leaks about the rent and stuff have come out the terms of the lease have not.
If the lease was anything it should be (no conditions other than standard stuff) then I would have difficulty in understanding SISU's refusal.
Remember Hoffman's "I'll pay the rent@ nonsense last month? That for example was no such thing once you disseminated the offer.
So lets wait and see. there is plenty to discuss Friday.
Hoffman's offer had nothing to do about going to Northampton. It was an offer to pay the rent at the Ricoh in a misguided attempt at thinking it was merely about the rent money. It's never just been about the rent money alone.
The offer was basically a loan with conditions that stipulated the payback through ticket income. I think Fisher could simply have paid the rent and done that himself! In effect it was invoice funded like many companies can do for cash flow. that's not what SISU needed.
Oh and Hoffman wanted fees attached! How the hell was that something of interest to SISU? The dispute they are arguing is far deeper than paying short term rent...least of all if you end up almost financing yourself through your own takings! It was utterly dumb and showed a complete lack of understanding of the situation in play. And Hoffman is a successful banker? Beggars belief.
its all standard business practice
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?