The fact you don't know that it was Higgs that took CCFC to court for £29,000 kind of negates your point of view to me but to also answer the question, we don't know what was in the CCFC bid so we can't say whether the offer was more or less far reaching in working with the charity can we.Why is the donation of 50p per ticket and the renaming so wrong?
The attitude of WASPS towards the charity (and others from what I can see) is considerably more collaborative and beneficial than the attitude of SISU towards them. (Taking the charity to court over a £29k bill they refused to pay etc etc)
SISU don't have a business case for CCFC. Unless you count using the club as a tax write off a business plan.
And as of now, if they pull the plug, what happens? Who in their right mind would be interested in taking over? There's nothing to buy.
Unless, of course, the council and wasps have played a blinder and wasps take over the club as well. Because I cant see where sisu go from here.
Why is the donation of 50p per ticket and the renaming so wrong?
The attitude of WASPS towards the charity (and others from what I can see) is considerably more collaborative and beneficial than the attitude of SISU towards them. (Taking the charity to court over a £29k bill they refused to pay etc etc)
Our Community was has been defined as being from our Training Ground in Acton, West London to Chipping Norton RFC (westwards) and Brighton RFC (southwards).
Even if they managed to increase the value of ACL to 20m and sold half that is about two years wages in the rugby premiership and they are now only going to get half of the revenue stream each year to support its ongoing wages. They will not sell simple as that.
The fact you don't know that it was Higgs that took CCFC to court for £29,000 kind of negates your point of view to me but to also answer the question, we don't know what was in the CCFC bid so we can't say whether the offer was more or less far reaching in working with the charity can we.
And as of now, if they pull the plug, what happens? Who in their right mind would be interested in taking over? There's nothing to buy.
The fact you don't know that it was Higgs that took CCFC to court for £29,000 kind of negates your point of view to me but to also answer the question, we don't know what was in the CCFC bid so we can't say whether the offer was more or less far reaching in working with the charity can we.
The Bings and Haskells of this world will not be back now the Ricoh is off the table.It would depend on how they pull the plug. If they liquidate (can they do that without putting the club up for sale first?) then that would be it, I'm not sure after all this a large enough proportion of the fanbase have the energy left to get a phoenix club off the ground.
If they just stop paying the bills and we go into admin or they put the club up for sale then you would find interested parties. The key will be how much of the debt gets written off. If someone can come in on a similar deal to that which SISU got then you're in real terms starting back at zero and have at least a slight chance of success, come in with a huge debt still in place and we'll struggle to get out of the downward spiral.
Even if SISU walk away today and don't want a penny back we've still got problems. It's hard to see things getting significantly better in the short to medium term.
Understanding is it's £2.77million each in cash and they takeover the remainder of the £14.4million loan from the council agreed with ACL in January 2013
To have a stand named after a principle party in this whole debacle is sickening to me yes.Yep, I was aware of that detail just worded it poorly. But they still went to court over 29k they knew they had welched on and that for me was a turning point in my attitude towards SISU.
You are correct we don't know what CCFC's bid was, I can judge later when we know the facts about the CCFC offer, but my question was why was the 50p offer and the renaming so bad? I thought it demonstrated good faith, but it made you sick apparently.
People also said they'd never go to sixfields
Yes it will default back on the Council if not paid.Is the tax payer still liable for the loan if Wasps/ ACL cant keep up payments?
Is the tax payer still liable for the loan if Wasps/ ACL cant keep up payments?
So wasps lost £7m last year
Paid less than £6m for the Ricoh
Took on the payments of a £14m mortgage
How many bums on seats is that for them to break even or even make a profit. Anyone hazard a guess?
To have a stand named after a principle party in this whole debacle is sickening to me yes.
Yes it will default back on the Council if not paid.
As if that would ever happen. Kepp some level of credibility please.So you will be truly sickened by the Joy Sepalla stadium then.
As if that would ever happen. Kepp some level of credibility please.
It has already been stated in other parts of the media that the loan from CCC remains unchanged other than the 1m off the top. So if ACL stop paying CCC who do you think is as it has not been resecured against anyone else.Do you know that for sure? It would be normal for the debt to appear on the companies balance sheet and for any default to be dealt with by administration. But you have obviously seen the contract and TOC's
You may believe that, but I'm pretty sure you don't understand in what respects these offers differed, it is far too simplistic to look at a headline number.
So wasps lost £7m last year
Paid less than £6m for the Ricoh
Took on the payments of a £14m mortgage
How many bums on seats is that for them to break even or even make a profit. Anyone hazard a guess?
You may believe that, but I'm pretty sure you don't understand in what respects these offers differed, it is far too simplistic to look at a headline number.
I still think building a new stadium is a madness, so where does that leave us? Somewhere between a rock and a hard place I guess.
As you say, we are in a very bad place as it is. Taking us down a route of adding to the debt by 10's of millions is surely a fruitless excerise.
If we were to build any stadium it would surely be over 10 years before we would see any good come from it and with it most likely being a distance outside of Coventry, the most likely outcome is the loss of a few more thousand City supporters to boot.
As if that would ever happen. Kepp some level of credibility please.
Yes it will default back on the Council if not paid.
Fisher said it would take 18 months to build a stadium once they started actually building - Using the Rotherham template.
Not a cat in hell's chance they will build a stadium.
A new stadium will take something like 10 years to build, even if SISIU are genuine in their statements about building a new stadium I don't think CCFC will be playing anywhere other than the Ricoh till at least 2020.
I wonder how much the naming rights will be worth? They're up next year IIRC, JLR could clear the mortgage with the JLR stadium.
Do you know that for sure? It would be normal for the debt to appear on the companies balance sheet and for any default to be dealt with by administration. But you have obviously seen the contract and TOC's
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