Trust calls on Coventry City FC owners Sisu to sell-up and leave (10 Viewers)

oldskyblue58 said:

23 home games in season first two this season were at Sixfields so this season 21

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oldskyblue58 said:

And agreed it is all conjecture and opinion. Just giving another angle that's all. I suspect that SISU have "parked " CCFC and their game plan has nothing to do with football but that's just an opinion too

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oldskyblue58 said:

Still don't see how they finance a new stadium and even if they do where all these incomes streams that will make such a difference will come from in a 12000 seater stadium. Waiting for CCFC/SISU to offer anything that is convincing in that respect

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oldskyblue58 said:

Agree with much of that Godiva but can I add a (3) Wasps/ACL lose money on the deal, crowds continue to head south for CCFC and Wasps/ACL find a way to ease CCFC out after 4 years or maybe even 2 years.

The thing is I do not think Wasps/ACL are making a lot out of it now - I think it is that it is a good PR move to keep CCFC there for now. What we know is that CCFC pay a rent approx. £100k. On top of that there is the F&B on the day which I think Fisher said should make a 30% margin (lets assume that's right) well as I understand it CCFC gets 10% of the profit (but could be turnover). Average spend per head was said a couple or three years back to be approx. £3.50 (it will have dropped because people wont spend and the prices have dropped too)...... average crowds over this season say 8000 at Ricoh (21 games). that would mean profit on F&B at £8400 total per match to be split between ACL and CCFC.

Rent £100,000 (this offsets or contributes to the stadium bowl up keep)
F&B £8400 x21 x 90% = £158760 (if CCFC get 10% of turnover then that figure is 141k, but what if TF was wrong and it was more like 15% margin? )
Car parking £5 x 21 x 1500 = 157500
there isn't much else they earn from CCFC

Value of CCFC to ACL turnover 845k and to profits this financial year 416k. (all guess work of course). The point I am making is yes there might well be profits from CCFC but not very big ones and that puts CCFC at risk if the crowds reduce further and further. Because you get to a minimum staffing for the stadium for example the costs do not necessarily reduce at the same rate. Wasps might think they are losing not gaining by the deal

That might seem a lot of profit/turnover to lose if people link it to the 2014 ACL results but that was when the stadium bowl wasn't used hardly at all. Since ACL have picked some major contracts (Eg insomnia) and Wasps have landed with their matchday crowd spend. Linking it to 2014 really serves no benefit in that context

So is it SISU or Wasps playing a waiting game? Could ACL find something to replace the loss of CCFC, or would the football team not being there lower costs of the operation and savings be made that way?

I think if SISU are planning or banking on point (2) they may have a very long wait

Any way you look at it our club is at risk one way or another

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