stupot07
Well-Known Member
You're completely missing the point
So including the rent in the CVA meaning CCFC would be playing at the RICOH (which is in Coventry) in case you had forgotten,would not have been in both the Clubs and fans best interests.
You're completely missing the point
But anything that changed post 2007 is down to Sisu and they need to accept the consequences of that.
Its Sisu in charge of CCFC, not ACL.
Not everything - the credit crunch, the FFP rules, the EPPP, etc are all things that have an impact on the club both now and in the short to medium term future.
I completely agree, sisu should have either bought 50% of ACL or renegotiated the lease back in 2007, or better still why not let the club go into admin and buy it then? But that doesn't alter the fact that the rent was unsustainable and unfair, and the club get no benefit (yes they sold the rights) from match day income. All in all ACL have been in receipt of circa £2.5-3m per annum from the club for what is essentially 23 days use a year (£1.3m, £230k match fees, £1m income from F&B's plus stand naming rights, car parking, etc).
I don't think anyone has a problem with sisu wanting a new rent and wanting match day income.
What many of us do have a problem with is the way sisu negotiate and what they would consider a fair rent/purchase price. The club should pay to buy back what it sold, it should not be given it back.
Again some of that is speculation.
Lordsummerise
But their final offer wasn't the original agreement.
Now evidence where SISU have compromised?
Not long after their "final" offer, they applied to put the club into administration(much to some supporters joy).
Didn't seem to be an awful lot of negotiation in that stance.
Are you still talking about ACL? I asked you to evidence where SISU showed compromise?Not long after their "final" offer, they applied to put the club into administration(much to some supporters joy).
Didn't seem to be an awful lot of negotiation in that stance.
Again some of that is speculation.
If they wanted to include supplying wmds to Syria in the CVA fans like fred wouldnt bat an eyelid
Acl loyalists cannot be reasoned with
At they think it should be given back.
Thank you for this as I was asking my mate to spell out all of this for me on Sunday. From an outsider looking in am I correct in thinking that you got no match day revenue when at the Ricoh? You where paying year on year £1.2m and really getting nothing back. This seems mental to me and whoever signed this deal wants whipping. I know it was based on you staying in the PL and this would have been peanuts but come on, generating no match day revenue and doing a business plan based on always being or bouncing straight back to the PL is something a first year business degree student wouldn't do.
Thank you for this as I was asking my mate to spell out all of this for me on Sunday. From an outsider looking in am I correct in thinking that you got no match day revenue when at the Ricoh? You where paying year on year £1.2m and really getting nothing back. This seems mental to me and whoever signed this deal wants whipping. I know it was based on you staying in the PL and this would have been peanuts but come on, generating no match day revenue and doing a business plan based on always being or bouncing straight back to the PL is something a first year business degree student wouldn't do.
Think of the F&B revenues as collateral on a pay day loan.
We needed quick cash, all we had was the share of the ground, we sold it to Higgs to pay the bills.
We were never intended to be like this permanently, Higgs talk about a couple of years. But for whatever reason the club never decided it was important. Until it was so important we had to leave.
But anyway ACL applied to put the club in administration because Fisher threatened via the press that the club might have to be liquidated.....not a lot of negotiation in that stance either!
The Club did own at least a share of match day revenues but chose to sell it. The biggest mystery is what happened to
the reported £60million that was received from Tesco for the ground the super store is built on.
It might have. Depends how good you think SISU are at chess. ;-)That worked out nicely then!
It might have. Depends how good you think SISU are at chess. ;-)
i recon monopoly is shitsu's game of choice
The Club did own at least a share of match day revenues but chose to sell it. The biggest mystery is what happened to
the reported £60million that was received from Tesco for the ground the super store is built on.
There is no mystery, CCC paid about £15M to buy the land from British Gas
(TF said this at a fans forum in June, 1m 50s in https://www.youtube.com/watch?annot...&feature=iv&src_vid=tqtHj-aq8iw&v=aALGMquIYOA).
Tesco paid the council £60M to buy the land they needed for Arena Park & general clean up.
CCC got repaid for the land purchase and sank the balance into building the Stadium Complex.
Numbers on arena finances are in here http://moderngov.coventry.gov.uk/Da...08 - Arena Construction Completion Report.pdf
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