Tim Fisher reveals details of Ricoh bid (9 Viewers)

SkyBlue_Bear83 · Nov 6, 2014

Great news but surely they can't be serious about still building a new stadium if this goes through?

SkyBlue_Bear83 · Nov 6, 2014

I can't see any deal being accepted where SISU/CCFC are only going to be in it short term.

If SISU are serious about a new stadium which they still claim to be even if this goes through. Say in 6 years time a new stadium is built and ready to play in, then whats to stop SISU demanding a ridiculous amount to wasps to buy out there 50%?

hill83 · Nov 6, 2014

spider_ricoh · Nov 6, 2014

Grendel said:
I fail to see why wanting to build a ground would have any impact on the decision regarding purchase of these shares

Why would anyone fork out to invest in a stadium whilst carrying on to build another one? There's no reason to invest in the Ricoh at all unless the club want to stay for the long term because the lease allows them to stay in the short term anyway and can surely be extended to allow for delays in construction.

Godiva · Nov 6, 2014

“The offer is not just a financial offer, we have also proposed a far-reaching partnership with the charity to use the power of football to create a community programme.
“It’s about using football for community cohesion and the ultimate betterment of the whole Coventry community.

How happy are Higgs with the past few years development at ACL?
They were offered around £5m back in 2012, but Chris West and CCC had a better idea. That lead to Car park C being stripped from ACL and transferred to the council. And two years later Higgs are only offered £2.77m. How happy are they I wonder.

How much have sisu offered in terms of payment?
Maybe just a fraction more than £2.77m (£3m?). Probably not enough to get a serious consideration. And perhaps any amount will be matched by Wasps anyway?

But is the proposal of a new partnership with Higgs perhaps the one and only thing nobody from CCC/Wasps/Higgs expected - the only thing the charity will have to consider very carefully? The only thing they can't dismiss out of hand?

This could be interesting.

Godiva · Nov 6, 2014

spider_ricoh said:
Why would anyone fork out to invest in a stadium whilst carrying on to build another one? There's no reason to invest in the Ricoh at all unless the club want to stay for the long term because the lease allows them to stay in the short term anyway and can surely be extended to allow for delays in construction.

Can't they receive revenues from both? It's just hypothetical, but surely there's no law against having financial interests in two stadiums?

Jack Griffin · Nov 6, 2014

RoboCCFC90 said:
Surely this is good news, why are some people being so derogative regarding it?

You really can't believe that can you? Astounding if you do!

mark_ccfc · Nov 6, 2014

ajsccfc said:
Now there's a caption competition waiting to happen.

I'm not sure where it's been, but it sure smells funny!

Grendel · Nov 6, 2014

spider_ricoh said:
Why would anyone fork out to invest in a stadium whilst carrying on to build another one? There's no reason to invest in the Ricoh at all unless the club want to stay for the long term because the lease allows them to stay in the short term anyway and can surely be extended to allow for delays in construction.

In theory they would receive revenue from both. Wasps would be charged rent and the revenue would in theory fund the build loans for a new stadium.

Jack Griffin · Nov 6, 2014

hill83 said:

I'd like this post twice if it were possible!

Jack Griffin · Nov 6, 2014

Godiva said:
“The offer is not just a financial offer, we have also proposed a far-reaching partnership with the charity to use the power of football to create a community programme.
“It’s about using football for community cohesion and the ultimate betterment of the whole Coventry community.

I feel a little bilious.

fernandopartridge · Nov 6, 2014

Jack Griffin said:
I feel a little bilious.

I've amended it to make you feel a bit better Cllr Jack

Godiva said:
“The offer is not just a financial offer, we have also proposed a far-reaching partnership with the charity to use the power of rugby union to create a community programme.
“It’s about using a rugby union team from London for community cohesion and the ultimate betterment of the whole W asps Rugby community.

jas365 · Nov 6, 2014

ajsccfc said:

This is how many supporters still believe anything I say.

Grendel · Nov 6, 2014

Jack Griffin said:
I feel a little bilious.

I know Jack - first the council pretending they valued sport in the community, then wasps pretending they wanted to stay close to their fans and now this.

All as bad as each other eh Council Jack?

Broken Hearted Sky Blue · Nov 6, 2014

Grendel said:
I know Jack - first the council pretending they valued sport in the community, then wasps pretending they wanted to stay close to their fans and now this.

All as bad as each other eh Council Jack?

I think it was when Jack read that Tim had said "the club comes first" could be wrong.

Grendel · Nov 6, 2014

Broken Hearted Sky Blue said:
I think it was when Jack read that Tim had said "the club comes first" could be wrong.

I think for jack the club never comes first.

Broken Hearted Sky Blue · Nov 6, 2014

Grendel said:
I think for jack the club never comes first.

I think you're confusing the club whatever that is,and the owners.

SkyblueBazza · Nov 6, 2014

"...bolster revenues in regards to financial fairplay and improve the product on the pitch, which will be the first time since we left Highfield Road" he said in a rallying speech for all current players...& to make former players like McGoldrick, Clarke, Baker, Murphy, etc realise just how much their efforts were appreciated.

PUSB

SkyblueBazza · Nov 6, 2014

ajsccfc said:
Now there's a caption competition waiting to happen.

Beards are in I tell you!

PUSB

Kingokings204 · Nov 6, 2014

ajsccfc said:
Now there's a caption competition waiting to happen.

I swear, it's about this big.

Broken Hearted Sky Blue · Nov 6, 2014

ajsccfc said:
Tim the club is dieing,"DO I LOOK BOTHERED"

Cheshire Sky Blue · Nov 6, 2014

ajsccfc said:
Now there's a caption competition waiting to happen.

Mr Spanner.

Every time I see him my nuts tighten....

wingy · Nov 6, 2014

Cheshire Sky Blue said:
Mr Spanner.

Every time I see him my nuts tighten....

that's Just so Wrong CSB.

italiahorse · Nov 6, 2014

Grendel said:
I fail to see why wanting to build a ground would have any impact on the decision regarding purchase of these shares

... because the bid will not be considered a serious bid and is just politics?

Still pissing the fans around.

duffer · Nov 6, 2014

I do wonder if someone at the CET is being a bit mischievous with their choice of photos sometimes.

Anyhow, I'd see this as good news if they could just stop banging on about the new bloody stadium FFS! It gives the charity the perfect cover for turning down the bid to my mind, how can SISU say they want to develop stronger ties within the City whilst also in effect promising to take the club out of it.

The truth of it surely is that the bid's going nowhere regardless. Higgs want to sell to Wasps, the Council want them to sell to Wasps, and nothing the club do now will change that, imho.

As John Cleese said in Clockwise: It's not the despair. I can stand the despair. It's the hope!

Cheshire Sky Blue · Nov 6, 2014

wingy said:
that's Just so Wrong CSB.

Sorry Key board tourette's:jerkit:

cloughie · Nov 6, 2014

Now let me think just how many times have i told the truth? HA HA HA but some still believe every word

dongonzalos · Nov 7, 2014

Grendel said:
I fail to see why wanting to build a ground would have any impact on the decision regarding purchase of these shares

There are no reasons that spring to mind at all? Give it a good long thing. Go on let's see what you come up with?

dongonzalos · Nov 7, 2014

Ian1779 said:
It doesn't...but that it diverts away the attention of those that justify the Wasps decision because of their hatred of SISU.

Can you think of any reasons why it might not be a great idea to bid for the shares against wasps. Also at the same time announce you want to still build a seperate stadium that removes one of the business from the company you are half bidding for?

Grendel · Nov 7, 2014

dongonzalos said:
There are no reasons that spring to mind at all? Give it a good long thing. Go on let's see what you come up with?

No can't think of any. It's buying half share of a management company that endorses sports franchising so no I can't.

dongonzalos · Nov 7, 2014

RoboCCFC90 said:
Surely this is good news, why are some people being so derogative regarding it?

Sent from my iPhone using Tapatalk

Unfortunately it should be
It was ruined by a comment that meant it was not a serious offer

dongonzalos · Nov 7, 2014

Grendel said:
No can't think of any. It's buying half share of a management company that endorses sports franchising so no I can't.

Well they will pip wasps to the post then I am sure you are right as always. There is no way they gave the charity the perfect excuse not to sell to them.

Astute · Nov 7, 2014

I am still trying to work out why Higgs would prefer to sell to Wasps. Can't have anything to do with messing Higgs about last time and then SISU wasting a 6 figure sum just to get out of paying Higgs 29k can it?

skybluetony176 · Nov 7, 2014

So what TF is saying in this piece is that owning 100% of a stadium that's half the size of the Ricoh, probably won't have hotel rent, probably won't have casino rent, probably won't have exhibition hall revenue, probably won't have rail links, probably won't be in a major motorway junction and therefore be less attractive to the magical 365 day a year income than it's nearest competitor, probably the Ricoh. On top of that it will be more expensive to build than buying a half share of ACL with little chance of a major supermarket getting on board and sharing the development costs like Tescos did at the Ricoh. On top of that your ever dwindling customer base that you've decimated for various reasons don't want it is a better option than owning a half share of ACL. How?

RoboCCFC90 · Nov 7, 2014

Jack Griffin said:
You really can't believe that can you? Astounding if you do!

Considering I was told last week that an offer would go in with everything yesterday also said, Yes I do

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Tim Fisher reveals details of Ricoh bid (9 Viewers)

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