SkyBlue_Bear83
Well-Known Member
Great news but surely they can't be serious about still building a new stadium if this goes through?
Tim Fisher reveals details of Ricoh bid (1 Viewer)
- Thread starter SimonGilbert
- Start date
SkyBlue_Bear83
Well-Known Member
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%?
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%?
spider_ricoh
New Member
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.
“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.
“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.
Can't they receive revenues from both? It's just hypothetical, but surely there's no law against having financial interests in two stadiums?
J
Jack Griffin
Guest
You really can't believe that can you? Astounding if you do!
mark_ccfc
Well-Known Member
Now there's a caption competition waiting to happen.
I'm not sure where it's been, but it sure smells funny!
Grendel
Well-Known Member
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.
J
Jack Griffin
Guest
I'd like this post twice if it were possible!
J
Jack Griffin
Guest
I feel a little bilious.
fernandopartridge
Well-Known Member
This is how many supporters still believe anything I say.
Grendel
Well-Known Member
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
Well-Known Member
I think it was when Jack read that Tim had said "the club comes first" could be wrong.
Grendel
Well-Known Member
I think for jack the club never comes first.
Broken Hearted Sky Blue
Well-Known Member
I think you're confusing the club whatever that is,and the owners.
SkyblueBazza
Well-Known Member
"...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
PUSB
SkyblueBazza
Well-Known Member
Kingokings204
Well-Known Member
Now there's a caption competition waiting to happen.
I swear, it's about this big.
Broken Hearted Sky Blue
Well-Known Member
Tim the club is dieing,"DO I LOOK BOTHERED"
Cheshire Sky Blue
New Member
Now there's a caption competition waiting to happen.
Mr Spanner.
Every time I see him my nuts tighten....
italiahorse
Well-Known Member
... because the bid will not be considered a serious bid and is just politics?
Still pissing the fans around.
duffer
Well-Known Member
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!
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
New Member
that's Just so Wrong CSB.
Sorry Key board tourette's:jerkit:
dongonzalos
Well-Known Member
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
Well-Known Member
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
Well-Known Member
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
Well-Known Member
Unfortunately it should be
It was ruined by a comment that meant it was not a serious offer
dongonzalos
Well-Known Member
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.
skybluetony176
Well-Known Member
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
Well-Known Member
Considering I was told last week that an offer would go in with everything yesterday also said, Yes I do
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