The Philosopher
Well-Known Member
Doesn’t any business lease over 7 years give protected rights? CCFC should be hard to shift if the lease was registered properly
Doesn’t any business lease over 7 years give protected rights? CCFC should be hard to shift if the lease was registered properlyWe’ve got a ten year lease though, more than sufficient time to build a new stadium !
i fear the worse. Seems if ACL go into admin, it’ll be sold to the highest bidder and the council will have no say it’s sold too. with NEC hoovering and the rumours of them not wanting sports involved.
This is the absolute crux of itConviently ignoring the fact that every Councillor voted for the deal on the understanding that it would not negatively impact either CCFC or CRFC.
Basically they accepted a load of promises from Wasps, "play on Sundays", "build a training ground and create jobs in the city", "always a place for CCFC", and did literally nothing to make the deal legally contingent on those promises.
They also gave zero consideration to the impact on the club of being frozen out of any income from the arena.
Last but not least, they did it all in secret and never offered anything even close to the deal that Wasps got to the club.
That deal was either incompetent or malignant, and has been the primary source of our woes ever since. Cllr Duggins to try to deflect by saying "you voted for it too", is just piss poor.
But that's bigger pisswaterFor the last time, it's Heineken
The Council were never partners were they? Your sterling defence of these idiots in allowing a totally inept company to take the "community asset" and run it into the ground is hardly a source of amusement
but going by the meeting today. it’s out of everyone hands. no guarantees we will be playing there in 2 weeks time. listen back and the words used. duggins emphasised the word ‘ambition to keep the club’ in the city
I want my local Rugby Town FC to move all their home matches to Villa Park.Vaughans lack of grip on reality is extraordinary
Cllr O and Cllr Q are also male…..
Hi Alumina.20m??? what the fuck have they built it with
20m??? what the fuck have they built it with
If that’s true, the club are better off building a new stadiumYeah this. A stadium that's what, less than 20 years old, has racked up in essence, £1m worth of defects a year??
The construction companies should be queried on this. I get that 'spruce ups' are needed etc but not to the tune of £20m. That implies something structural needs fixing. Wow.
The way that I see it is whatever cash they do have they will have to weigh spending/investment of it against all the other opportunities available. They are a hedge fund and need to make the best return on capital they can. Unlikely to put any of their “own” money into a stadium, IMO.Im not so sure. I don’t get the impression they’ve got loads of spare cash. whether they can raise some to fund something like the stadium purchase, who knows
Agree that this is a time for them to put up or shut up (and piss off) though
The way that I see it is whatever cash they do have they will have to weigh spending/investment of it against all the other opportunities available. They are a hedge fund and need to make the best return on capital they can. Unlikely to put any of their “own” money into a stadium, IMO.
Registered 5 days ago - that's one hell of a coincidence as you say, but does seem unrelated.What was interesting was when I searched companies house I initially searched under ACL not Arena Coventry and top of the list for companies starting with ACL was this newly registered overseas company. I’m sure it’s a coincidence and unconnected but still.
ACL DEVELOPMENT LIMITED overview - Find and update company information - GOV.UK
ACL DEVELOPMENT LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activityfind-and-update.company-information.service.gov.uk
Won't the council have a say over to the lease goes to? Do they have to sign it over as free holder?
In 2013 over 9 years ago it was stated by Sisu that they intended to build their own stadium been reiterated many times since by our owner.So I don't think the rest of our 10 year lease is "sufficient time" maybe wrong.We’ve got a ten year lease though, more than sufficient time to build a new stadium !
would be nice to have confirmation of that. another thing the Wasps supporters claimed we'd made up that wasn't true.There have been no significant improvements to the stadium but some £20m defects have been highlighted
Their intentions will be quite obvious if they don’t bid for the CBS, you will never build an arena to anywhere near the same specification as the CBS for even double the price it’s up for grabs for now.In 2013 over 9 years ago it was stated by Sisu that they intended to build their own stadium been reiterated many times since by our owner.So I don't think the rest of our 10 year lease is "sufficient time" maybe wrong.
Registered 5 days ago - that's one hell of a coincidence as you say, but does seem unrelated.
Off topic (only slightly!), but I hate this murky underworld of financial smartarses that are screwing us all.
'Overseas entity'
‘540 companies at this address’
‘VIRGIN ISLANDS, BRITISH’
‘holds 80 appointments at 80 active companies, has resigned from 130 companies and held 119 appointments at 119 dissolved companies’
‘combined total current assets value of £135m with a total current liabilities of £137m and a total current net worth of £84m’
The sad thing is that I fear similar types of people to this hold the fate of CCFC in their hands right now, and the fans are helpless bystanders. It would be brilliant if someone genuinely interested in football invested in CCFC, but I’ll believe it when I see it.
I did some digging. Its registered to a satellite address in London.
Under the name
MARCUS SIMON COOPER.
google shows MARCUS SIMON COOPER as a Marcus Cooper Group is an investment, development and property trading group.
Fuck sake, O'Boyle sounds like a complete waste of space.
Oh, and...
Do as I say and not do as I do...
Can’t see sisu taking on the lease. It’s not sustainable. I don’t know where we go from here.
There’s no hidden millions of pounds. I’d love to be proved wrong but if they can’t stump up money to relay the pitch I am in no doubt the lease or a new ground is not possible. I don’t get what if anything is possibleSurely our revenues should be higher with 20k gates, Championship football and TV money to make it sustainable compared to Wasps business model?
I did some digging. Its registered to a satellite address in London.
Under the name
MARCUS SIMON COOPER.
google shows MARCUS SIMON COOPER as a Marcus Cooper Group is an investment, development and property trading group.
The DOB on the ACL development and Marcuss company house profile match
Can’t see sisu taking on the lease. It’s not sustainable. I don’t know where we go from here.
Yeah this. A stadium that's what, less than 20 years old, has racked up in essence, £1m worth of defects a year??
The construction companies should be queried on this. I get that 'spruce ups' are needed etc but not to the tune of £20m. That implies something structural needs fixing. Wow.
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?