US business man planning to launch bit to bring CCFC back to the ricoh (6 Viewers)

skybluesam66 · Apr 23, 2014

i am sorry - the council are far too blinkered
The value of even a championship club to a city - versus to club has to be worth in the region of £5m per year
Allowing a 10% cost of money - that is £50m over the next 25 years

Are the council happy to throw that sort of money out of the local economy???
I am no way supporting sisu - but i think at the same time, CCC need to take a more long term view

ccfcway · Apr 23, 2014

Sky Blue Kid said:
Hows about you remind all of us what CCC and ACL, did to keep CCFC as a Pro Football team with a "Home Stadium" when they were boracic eh?

I didnt know thats how you spelt "boracic"

learn something new every day !

fernandopartridge · Apr 23, 2014

ccfcway said:
I didnt know thats how you spelt "boracic"

learn something new every day !

Indeed, I learnt it in a book a few years a go. One of those genuinely enlightening moments in life.

fernandopartridge · Apr 23, 2014

Sky Blue Kid said:
Hows about you remind all of us what CCC and ACL, did to keep CCFC as a Pro Football team with a "Home Stadium" when they were boracic eh?

They bought the rights to all income from the home stadium forever for a fee of £6m and then charged an annual rent to the boracic club of £1.3m. Who needs charidee.

Sky Blue Kid · Apr 23, 2014

@ ccfcway........Clever innit!

sky blue john · Apr 23, 2014

fernandopartridge said:
All completely meaningless, surprised somebody of your intellect is falling for it.

I agree with the quotes I highlighted they made sense. Obviously the chances of anything coming from this is slim.
Once you realise though that Sisu are not capable of bringing us back to the Ricoh or Cov. Then you have to consider every other solutions presented.

Sky Blue Kid · Apr 23, 2014

@ fernandopartridge........CCC/ACL PAID for the stadium to ensure a Pro Football team that represented a City, had a "Home Stadium" to play in. As you keep saying...SISU are a business, and as such, ride roughshod over anyone, and everything in it's path. People like you and certain others, think this is ok because they own our football team. There is a thing called "Morals" and this is something SISU, Grenduffy, and Torchy(Previous posts showing their support of getting what they can for as little as possible) lack by the "Bucket load" Yes! I agree the rent was too high, but it didn't seem to bother SISU untill about 18 months ago....I wonder why that was?

mrtrench · Apr 23, 2014

Boracic is a new word to me. Looked it up - means "of or relating to or derived from or containing boron; "boric acid""

Confused. Is there another meaning not in my dictionary?

Astute · Apr 23, 2014

fernandopartridge said:
They bought the rights to all income from the home stadium forever for a fee of £6m and then charged an annual rent to the boracic club of £1.3m. Who needs charidee.

And back to the old question again. Why wasn't the share bought back? You can't pretend that SISU haven't had chances to purchase it. It even looks like their roadmap plan failed on not wanting to pay for it, and since then our club has lost much more under SISU because they tried to get it on the cheap. But yes lets use it as a stick to beat those that tried helping our club.

SISU have no right to get everything given to them. And they have wasted more money than the whole thing would have cost them trying to do one on the taxpayer. This isn't me being anti SISU. This is me saying how I see it. It seems that they thought they could deal with CCC/ACL the same way as they always dealt with companies in distress.

ccfcway · Apr 23, 2014

mrtrench said:
Boracic is a new word to me. Looked it up - means "of or relating to or derived from or containing boron; "boric acid""

Confused. Is there another meaning not in my dictionary?

slang for "SKINT"

never had the need to type it, but always thought it was spelt "borasic"

Sky Blue Kid · Apr 23, 2014

fernandopartridge said:
They bought the rights to all income from the home stadium forever for a fee of £6m and then charged an annual rent to the boracic club of £1.3m. Who needs charidee.

"Who needs Charidee"................At that particular moment in time...CCFC did!...PS. If SISU want the "Rights to all income" they should fooking pay for it at the going rate...NOT demand it for nothing!

ajsccfc · Apr 23, 2014

ccfcway said:
slang for "SKINT"

never had the need to type it, but always thought it was spelt "borasic"

I always had it as brassic, or is it all the same thing?

fernandopartridge · Apr 23, 2014

Sky Blue Kid said:
"Who needs Charidee"................At that particular moment in time...CCFC did!...PS. If SISU want the "Rights to all income" they should fooking pay for it at the going rate...NOT demand it for nothing!

Boo hoo, the going rate for it at the minute is fuck all.

mark82 · Apr 23, 2014

ccfcway said:
slang for "SKINT"

never had the need to type it, but always thought it was spelt "borasic"

Often spelt (incorrectly) brassic.

duffer · Apr 23, 2014

fernandopartridge said:
They [CCC/ACL, from previous post] bought the rights to all income from the home stadium forever for a fee of £6m and then charged an annual rent to the boracic club of £1.3m. Who needs charidee.

Except that it wasn't CCC or ACL. It was the Higgs Trust who bought this share, which had in effect been given to CCFC by CCC/ACL despite the club only putting £2m into a £118m build.

The club then chose to sell the share to Higgs, because they'd run out of money. Higgs always planned to sell the share back (with an agreed formula), but as we've seen SISU weren't interested for the first few years, and then (after mismanging the club into L1) tried to get it on a buy-now pay-later deal which perhaps unsurprisingly fell through.

As for the rent, even SISU seem to accept that it was a function of the bank repayments, so not exactly profiteering.

Still, let's not let the facts get in the way of a CCC/ACL generic whine, eh. That would never do.

fernandopartridge · Apr 23, 2014

duffer said:
Except that it wasn't CCC or ACL. It was the Higgs Trust who bought this share, which had in effect been given to CCFC by CCC/ACL despite the club only putting £2m into a £118m build.

The club then chose to sell the share to Higgs, because they'd run out of money. Higgs always planned to sell the share back (with an agreed formula), but as we've seen SISU weren't interested for the first few years, and then (after mismanging the club into L1) tried to get it on a buy-now pay-later deal which perhaps unsurprisingly fell through.

As for the rent, even SISU seem to accept that it was a function of the bank repayments, so not exactly profiteering.

Still, let's not let the facts get in the way of a CCC/ACL generic whine, eh. That would never do.

No it won't.

ACL take the food and beverage income, its semantics to state otherwise.

ccfcway · Apr 23, 2014

mark82 said:
Often spelt (incorrectly) brassic.

wheres Susie Dent when you need her

ccfcway · Apr 23, 2014

fernandopartridge said:
No it won't.

ACL take the food and beverage income, its semantics to state otherwise.

like SISU not withholding the rent, it was the club, that semantics ?

fernandopartridge · Apr 23, 2014

duffer said:
Except that it wasn't CCC or ACL. It was the Higgs Trust who bought this share, which had in effect been given to CCFC by CCC/ACL despite the club only putting £2m into a £118m build.

The club then chose to sell the share to Higgs, because they'd run out of money. Higgs always planned to sell the share back (with an agreed formula), but as we've seen SISU weren't interested for the first few years, and then (after mismanging the club into L1) tried to get it on a buy-now pay-later deal which perhaps unsurprisingly fell through.

As for the rent, even SISU seem to accept that it was a function of the bank repayments, so not exactly profiteering.

Still, let's not let the facts get in the way of a CCC/ACL generic whine, eh. That would never do.

Also, I'm glad you've admitted that the club were effectively paying ACL's mortgage - I made that point on here a long time ago.

ajsccfc · Apr 23, 2014

mark82 said:
Often spelt (incorrectly) brassic.

Damn you to he'll.

duffer · Apr 23, 2014

fernandopartridge said:
No it won't.

ACL take the food and beverage income, its semantics to state otherwise.

And it's bullshit to pretend that the club didn't have half of ACL pretty much given to them, but chose to sell it to the Higgs. And then did nothing about it for years.

Astute · Apr 23, 2014

fernandopartridge said:
No it won't.

ACL take the food and beverage income, its semantics to state otherwise.

Our club was given a 50% share in ACL for nothing. It was sold for 6m. So why should Higgs be out of pocket by 6m just because SISU want it for much less?

They will have to pay for it, rent or build.

duffer · Apr 23, 2014

fernandopartridge said:
Also, I'm glad you've admitted that the club were effectively paying ACL's mortgage - I made that point on here a long time ago.

So you accept then that it had nothing to do with profiteering? That point's been made a few times too.

Astute · Apr 23, 2014

fernandopartridge said:
Also, I'm glad you've admitted that the club were effectively paying ACL's mortgage - I made that point on here a long time ago.

Which we all know.

Are you saying that taxpayers money should be used to cover mortgage payments when SISU say it is wrong to use taxpayers money?

covcity4life · Apr 23, 2014

duffer the ccfc hater out in force

fernandopartridge · Apr 23, 2014

duffer said:
And it's bullshit to pretend that the club didn't have half of ACL pretty much given to them, but chose to sell it to the Higgs. And then did nothing about it for years.

I've never said the opposite.

covspain · Apr 23, 2014

mrtrench said:
Boracic is a new word to me. Looked it up - means "of or relating to or derived from or containing boron; "boric acid""

Confused. Is there another meaning not in my dictionary?

boracic lint--skint

Grendel · Apr 23, 2014

Astute said:
Which we all know.

Are you saying that taxpayers money should be used to cover mortgage payments when SISU say it is wrong to use taxpayers money?

That is an irrational statement. CCFC paid a mortgage which enabled another company to survive.

Why would taxpayers be involved if ACL went into administration? Its a private company and normal rules would apply.

Astute · Apr 23, 2014

Grendel said:
That is an irrational statement. CCFC paid a mortgage which enabled another company to survive.

Why would taxpayers be involved if ACL went into administration? Its a private company and normal rules would apply.

Irrational statement?

CCFC paid a rent because they couldn't afford to build a stadium after selling their old one. And you make out that our club should be funded by the taxpayer because it is owned by a hedge fund. But to take it away from your normal hatred of CCC you say it is a private company and nothing else.

fernandopartridge · Apr 23, 2014

Astute said:
Which we all know.

Are you saying that taxpayers money should be used to cover mortgage payments when SISU say it is wrong to use taxpayers money?

No, where have you got that rubbish from?

ccfcway · Apr 23, 2014

covspain said:
boracic lint

I'm pretty sure we had him on trial in the summer ?

Astute · Apr 23, 2014

fernandopartridge said:
No, where have you got that rubbish from?

Explain where it is wrong then? What is the JR about?

Grendel · Apr 23, 2014

Astute said:
Irrational statement?

CCFC paid a rent because they couldn't afford to build a stadium after selling their old one. And you make out that our club should be funded by the taxpayer because it is owned by a hedge fund. But to take it away from your normal hatred of CCC you say it is a private company and nothing else.

What you you on about - the taxpayer has nothing to do with this - ACL is a private company - you seem to be not comprehending this?

torchomatic · Apr 23, 2014

To be honest I wish that had been the situation back then, it would hopefully have all been sorted out by now. Maybeit would have forced ACL to at least let us compete on a level playing field and hold back on the crippling rent.

I get all the "it's all SISUs fault, they should have renegotiated", I really do. However, at the end of the day regardless of that there's no way ACL should have charged us that amount in the first place. It was always going to end in tears.

Astute said:
What would have happened to our club if CCC never got the arena built?

Doesn't really matter though when you have someone that has CCC to blame for everything when he hates CCC and everyone employed by them.

SlowerThanPlatt · Apr 23, 2014

Mark Labovitch says Coventry-born Dallas-based soccer agent Martin Kelman needs to put proposal to board

A Sky Blues director says an American businessman who has come up with a proposal to get the club back to Coventry should contact the board if he’s serious.
Mark Labovitch, CCFC non-executive director, responded after Coventry-born Dallas-based soccer agent Martin Kelman revealed he planned to raise funds and negotiate a rent deal with Ricoh Arena operators Arena Coventry Ltd to get the club back to its former home.

A long-running rent dispute between the football club and stadium bosses has seen the club move to play ‘home’ games 35 miles away in Northampton.
Mr Labovitch said: “If Mr Kelman has a serious proposal he should really put it across to the club’s board or the club’s owner in the normal way.”
He added: “We only comment when people act in a normal, credible professional way and come and talk to the club, or in this case its owner.

“If someone isn’t going to come and contact the club’s owner directly, how can you have a discussion about anything?

“I can’t speak for the club’s owner but, as an independent director, I would always advise an owner really not to comment on anyone who hasn’t come and put his idea in person or even sent her a letter.”

Mr Labovitch also said the club had seen many approaches come and go during his time at the club.
There was a reported bid from former CCFC director Gary Hoffman in 2011 and in 2013 he was believed to be working on a bid with American property tycoon Preston Haskell IV.

Businessman Michael Byng has also previously declared he represented Chinese businessman interested in taking over the club.
Mr Kelman’s suggestion is different in that he does not want control of the club, but wants fans to raise the funds to pay the club’s rent and ensure a return to the Ricoh - with any additional revenue invested into the club.

“Since I have been on the board we have had a number of people saying they are interested in acquiring the club through whatever structure it might be and they’ve often turned out to be completely flaky,” said Mr Labovitch.

“One of the suspicious things has always been when they don’t do the normal thing which is to contact the person they want to deal with but to go straight to the newspaper. Serious people don’t do that.

“I don’t want to make any comment about Kelman because I don’t know him. All I’m saying is if he has a serious proposal for the club’s board or for the club’s owner, he ought to be making that directly.

“It’s a very serious situation and I think you ought to go about this in a very serious and professional way.

“In an industry like this, all manner of people come out of the woodwork and I think you separate them between the people that approach the club in a professional way and if there is something to discuss it might result in something that’s worth announcing to the media.

“I think it’s unfair on fans to get their hopes up when there might not be anything there.”

http://www.coventrytelegraph.net/news/coventry-news/coventry-city-director-tells-man-7023206

US business man planning to launch bit to bring CCFC back to the ricoh (6 Viewers)

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