Nick
Administrator
Ah so they are going to go out and employ extra staff to cope with Wasps fans taking over.
You personally may not give a shit, however the person who gets a job at tescos because of it will. They will then spend their money in the city. They may spend it doing up their house and employ a local tradesman and so on so on
You or me can just look at it as this is shit for CCFC. The council have to look wider than that.
Nick when those business do well they employ Coventry people.
I wish they were in dependant shops like in Fargo but that is an entirely different issue.
Like it or not they employ people from the city who will spend some if their wages in the city
Yes because Tescos, Next and M&S are well well known Coventry Businesses. I am all for LOCAL businesses making money, I hope that some pubs to pick up with it before games, I hope local taxi companies etc.
Justfying it being good for the people of Coventry because loads of people will go into Next is a bit silly isn't it? Why on earth would that matter to the average Joe Coventry person that this is benefiting so much?
Yeah the head bloke at ACL's job was nice and secure...
That sounds like it was straight from the Councillor's text book, with all of the hopes and estimations.
People took pride when the Ice hockey team were top of their game.
People will also take pride in wasps in the future.
However yes the pound will have been the prime motivation behind the deal.
It pointless having a pop about hopes and estimations unless you are talking to Nostradamus. How the hell can someone give you exact figures for a future venture. That has to be given in the future. However you must agree Wasps coming to Coventry bring more money into Coventry than was there before.
So how many Coventry people will be getting jobs at Tesco because of Wasps? I mean like extra to what they would have been anyway?
Take pride in a London rugby team that has just fucked over its fans and robbed us of a future? Nah, think I'll leave it.
Yes but also trying to justify it by saying more people will spend money in Tescos doesn't really make people think it is amazing.
3, their names are John Constsdine, Hamesh Dines and Sadar Patel.
Them getting their jobs will contribute an extra 420,000 to the Coventry Economy over 15 years. This is a multiplier effect of following the audit trail of where their earning go once they are spent. For example Sadar will employ local building firm the Kavanaghs on 3rd of April 2015 to build an extension.
The Kavanaghs intend to use the profit from this job on a car from the Nissan Garage near Spon End.
When they do that it gives Paul Jones his sales bonus. He will spend that in Eden on his wifes birthday on May 15th 2015. Helping a local business.
Sorry that I left out the detail before hope with these specifics it is clearer now.
The best thing this whole debacle has done is weed out those like the OP, no wonder we're in the shitter with fans like this.
3, their names are John Constsdine, Hamesh Dines and Sadar Patel.
Them getting their jobs will contribute an extra 420,000 to the Coventry Economy over 15 years. This is a multiplier effect of following the audit trail of where their earning go once they are spent. For example Sadar will employ local building firm the Kavanaghs on 3rd of April 2015 to build an extension.
The Kavanaghs intend to use the profit from this job on a car from the Nissan Garage near Spon End.
When they do that it gives Paul Jones his sales bonus. He will spend that in Eden on his wifes birthday on May 15th 2015. Helping a local business.
Sorry that I left out the detail before hope with these specifics it is clearer now.
3, their names are John Constsdine, Hamesh Dines and Sadar Patel.
Them getting their jobs will contribute an extra 420,000 to the Coventry Economy over 15 years. This is a multiplier effect of following the audit trail of where their earning go once they are spent. For example Sadar will employ local building firm the Kavanaghs on 3rd of April 2015 to build an extension.
The Kavanaghs intend to use the profit from this job on a car from the Nissan Garage near Spon End.
When they do that it gives Paul Jones his sales bonus. He will spend that in Eden on his wifes birthday on May 15th 2015. Helping a local business.
Sorry that I left out the detail before hope with these specifics it is clearer now.
I get all this I do, but to actually boost the local economy most of these people have to come from outside of the City or the spend would have probably happened anyway. taking away the supposed economic advantages it's still immoral and wrong and the City council should have consulted more with it's electorate before making such a rash and secretive decision.
So they are being employed just because of Wasps are they? How many will lose jobs if the football club move out because the council weren't too bothered about them?
Business leaders have warned the impact of the Sky Blues leaving the city would be devastating for the local economy.
Ian O’Donnell, Warwickshire and Coventry chairman for the Federation of Small Businesses, said: “Small firms and local shops in Coventry will definitely feel the impact, and possibly face closure, if Coventry City Football Club moves to Northampton. Businesses, which are already feeling financial pressure, rely on the football club to generate footfall. It is essential that all is done to keep the club in the city, which in turn will help save businesses in the surrounding area from closure.
“We must remember that small firms re-invest 63p in each £1 back into the local economy. They aren’t just part of the local community, they are the local community. If business, shops and pubs have to close as a result of City’s move, communities will not only feel the loss of the club, they will also be impacted by fewer small businesses providing services for local people.”
The above will happen if the football club do as promised and move out of Coventry.
One business said it would wipe out 20,000 of their profits overnight and they would need to make redundancies.
Not amazing just a fact if life whether you like it or not.
The council were getting told the football were off in 4 years out of Coventry.
That will have a negative effect in the economy as I am sure the move to Northampton did. Didn't a business guru type person come out with this.
So with Wasps offering to come in I can't see how the council could have made any other decision
Taking the club out of the city
The city has also gained a premiership rugby team.
The toppings contain potassium benzoate
3, their names are John Constsdine, Hamesh Dines and Sadar Patel.
Them getting their jobs will contribute an extra 420,000 to the Coventry Economy over 15 years. This is a multiplier effect of following the audit trail of where their earning go once they are spent. For example Sadar will employ local building firm the Kavanaghs on 3rd of April 2015 to build an extension.
The Kavanaghs intend to use the profit from this job on a car from the Nissan Garage near Spon End.
When they do that it gives Paul Jones his sales bonus. He will spend that in Eden on his wifes birthday on May 15th 2015. Helping a local business.
Sorry that I left out the detail before hope with these specifics it is clearer now.
Victory?!
Incredible.
All we've had from Wasps so far is hot air and free tickets. Rugby is such a huge draw in the city that they've had to give away thousands of tickets so as to make attendances a bit less embarassing. Thousands! And this is going to somehow make Coventry's economy thrive is it?
In the meantime, at best CCFC will bump along at it's current level at the Ricoh - or even worse be forced to do what most saw as an empty threat and build a new stadium outside the city. Or, just maybe, they'll go bust completely. How good are any of those options for the City's economy?
And if Wasps go pop, of which there is every chance, the Council are still on the hook for whole mortgage. And CCC have already written off £1 million pounds off that mortgage.
Let's be clear on this, bringing Wasps in has already cost the council one million pounds - money that a few months ago the council was telling everyone that ACL could repay with or without CCFC at the Ricoh. Were the council lying then, when they said ACL was profitable and sustainable, or are they lying now, when suddenly they claim it isn't?
Sure, the Council have got rid of having to deal with SISU. But victory? If this is what anyone here classes as the city winning, I really wouldn't want to see what a defeat looked like.
Let's be clear on this, bringing Wasps in has already cost the council one million pounds - money that a few months ago the council was telling everyone that ACL could repay with or without CCFC at the Ricoh. Were the council lying then, when they said ACL was profitable and sustainable, or are they lying now, when suddenly they claim it isn't?
So surely the council should have been trying to keep the football club a bit harder? It is all well and good getting hard about how much it is going to help Coventry wasps being here, but what consequences does that bring with it?
Or will it be a case of the council are amazing because they helped the economy by bringing Wasps in, but the nasty football club moved out and made it even worse, it is all the football club's fault. Boo them?
A high court judge found that the 'Nasty football club' your words were trying to devalue ACL.
It's funny how some people don't believe a word SISU say, unless of course it suits their argument, in which case SISU were definitely going to take the club out of the city in 4 years. Guff. As long as the possibility of ownership was there, we would have stayed at the Ricoh, and who knows if somebody might have stepped in to take over. Not going to happen now though is it?
As for the lame economic arguments - I think you'll find having a PL football is far more economically beneficial than having top flight Rugby side - by a huge distance. Ask the local council's in Southampton, Swansea and Leicester about that. Question, is our club's prospects of reaching the PL better or worse now that we've offloaded the Ricoh on the cheap?
Would any of the contributors to this thread like to bet their mortgage on the fact that SISU would deliver anything other than the current dross we have to watch on a weekly basis if they had a 50% share of ACL?
From a Cov economy point of view it makes no difference whether the tickets are given away, the people will come and spend money.
Have the Council written £1m off? What was that deal?
If Wasps go pop then the lease will go back to the Council and can be sold again.
Once again mass hysteria is taking over on here. Would any of the contributors to this thread like to bet their mortgage on the fact that SISU would deliver anything other than the current dross we have to watch on a weekly basis if they had a 50% share of ACL? Or would you think that most of the income generated would be hived off to ARVO in the form of higher rent and management fees. FFS we are where we are, this is a direct result of SISU and their actions, they have not been able to buy the share because of their continued litigations and under hand treatment of a charity. If their intentions were the same as the Hedge fund that owns Wasps then their would be no need to slag any one off now as they would own the lot. Bunch of con artists that are still obviously taking some of our fans in. And here's the crux of it, you all need to wake up and smell the bull shit cause it aint getting any better until their gone!
Looks like their plan worked. The flaw in the plan was that SISU weren't the only potential buyers. The potential for that was flagged up often on this forum but didn't seem to be considered by SISU.
Their plan has backfired spectacularly, now we'll have to see if they have a plan B. Of course if they don't they just write off other peoples money and we're left to deal with the consequences for years to come.
The million write off was stated in CET amongst other places when the Wasps deal first went public.
From a Cov economy point of view, if the tickets are being given away it points to both the likely success of the commercial operation, and also puts the lie to the fact that rugby is a huge draw. How long do you think giving thousands of tickets away is sustainable for Wasps?
And Wasps being a big draw was a key part of the Council argument - you know the £6m to the local economy from the 28,000 point that Lucas banged on about. (Neither that attendance nor the revenue claimed from it stands up to scrutiny, sadly).
The lease may well revert if Wasps go pop. Who do you think is going to buy it, and do you think they'll be willing to take on the full value that Wasps paid? By then the club really may have moved on, or gone under.
The taxpayer is still at risk, and it's shown everything else the council has said about ACL and the profitability surronding the Ricoh to be a lie. Why would anyone be daft enough to believe they're suddenly telling the truth now?
And again - if this forces CCFC out or under, then clearly there's a significant loss to the local economy. I note you negelected to address that point. I'd say it's time to quit pretending this is a great deal for the city, and accept that it was about getting away from SISU. Understandable, but also hypocritical and short-sighted, imho. Certainly not a 'victory'.
Once again mass hysteria is taking over on here. Would any of the contributors to this thread like to bet their mortgage on the fact that SISU would deliver anything other than the current dross we have to watch on a weekly basis if they had a 50% share of ACL? Or would you think that most of the income generated would be hived off to ARVO in the form of higher rent and management fees. FFS we are where we are, this is a direct result of SISU and their actions, they have not been able to buy the share because of their continued litigations and under hand treatment of a charity. If their intentions were the same as the Hedge fund that owns Wasps then their would be no need to slag any one off now as they would own the lot. Bunch of con artists that are still obviously taking some of our fans in. And here's the crux of it, you all need to wake up and smell the bull shit cause it aint getting any better until their gone!
Their best chance of a return for SISU is to have at least part of the stadium to sell with the club. If they got that and made a small investment in the team to enable promotion back to the championship I think you would have interested buyers as you'd have a club on the up with a stake in a PL quality stadium. Certainly a better chance of selling that than a L1 team with no stadium ownership and even a long term lease who seem more likely to be relegated than promoted.
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?