Would 1 more promotion sort the club out completely? (1 Viewer)

Evo1883 · Aug 31, 2020

Would it make Coventry city a completely debt free entity..

What would it do for the club in terms of its future? Ability to ACTUALLY build its own stadium

Looking at it as 170 million over 4 years as a minimum

Promotion 100 million
70 million parachute payments over 3 years upon relegation

I'm not suggesting we will get promoted, but let's say we did?

Would we suddenly become one of the most steady clubs financially in England

ccfc_Tom · Aug 31, 2020

Cannot see Sisu keeping all that money in the club

cooperskyblue · Aug 31, 2020

I'd want us to build a new modern training complex aswell.
We could probably make another 50m with player sales easily over that time. That is why being where we are is huge now

Evo1883 · Aug 31, 2020

ccfc_Tom said:
Cannot see Sisu keeping all that money in the club

It will however allow the owners to take back what they feel is theirs, and also allow any loans to be paid off in full... Completely debt free club

Grendel · Aug 31, 2020

If we do not have a ground I do not think we will actually be allowed promotion

Evo1883 · Aug 31, 2020

Grendel said:
If we do not have a ground I do not think we will actually be allowed promotion

Possibility nobody thinks of, but Palace and Wimbledon did it a few years back?

robbiekeane · Aug 31, 2020

Evo1883 said:
Would it make Coventry city a completely debt free entity..

What would it do for the club in terms of its future? Ability to ACTUALLY build its own stadium

Looking at it as 170 million over 4 years as a minimum

Promotion 100 million
70 million parachute payments over 3 years upon relegation

I'm not suggesting we will get promoted, but let's say we did?

Would we suddenly become one of the most steady clubs financially in England

Yeh. It’s nice to dream. It would completely clear any debt owed to SISU and we would have cash in the bank to actually build a stadium.
It would be incredible

Grendel · Aug 31, 2020

Evo1883 said:
Possibility nobody thinks of, but Palace and Wimbledon did it a few years back?

There are new regulations now and section K4 is interesting

Ground sharing arrangements in the Premier League and Premiership: Regulations - LawInSport

The shared use of grounds or stadiums in sport is not uncommon. For some clubs, financial circumstances can necessitate the temporary or ongoing use of another club's ground. Conversely, for wealthier clubs, stadiums are a potentially lucrative asset, the licencing of which to other users...

www.lawinsport.com

Evo1883 · Aug 31, 2020

robbiekeane said:
Yeh. It’s nice to dream. It would completely clear any debt owed to SISU and we would have cash in the bank to actually build a stadium.
It would be incredible

Never say never, crazier things have happened

Evo1883 · Aug 31, 2020

Grendel said:
There are new regulations now and section K4 is interesting

Ground sharing arrangements in the Premier League and Premiership: Regulations - LawInSport

The shared use of grounds or stadiums in sport is not uncommon. For some clubs, financial circumstances can necessitate the temporary or ongoing use of another club's ground. Conversely, for wealthier clubs, stadiums are a potentially lucrative asset, the licencing of which to other users...

www.lawinsport.com

IL have a read soon, interesting though... Hadn't even crossed my mind

SlowerThanPlatt · Aug 31, 2020

Has a club who aim to be self sustainable ever been promoted? Blackpool?

The best we can hope for realistically is becoming an established Championship club or a yo yo club while being able to sell players like a Maddison or Wilson for £20m rather than the fees we received as a League 1 club

Evo1883 · Aug 31, 2020

SlowerThanPlatt said:
Has a club who aim to be self sustainable ever been promoted? Blackpool?

The best we can hope for realistically is becoming an established Championship club or a yo yo club while being able to sell players like a Maddison or Wilson for £20m rather than the fees we received as a League 1 club

I'd like to say Burnley, but id imagine if we looked into it they were loss making to gain promotion

Grendel · Aug 31, 2020

Evo1883 said:
I'd like to say Burnley, but id imagine if we looked into it they were loss making to gain promotion

115% wages to turnover first time and £27 million wages second time. Wages now near £90 million

Terry Gibson's perm · Aug 31, 2020

Evo1883 said:
I'd like to say Burnley, but id imagine if we looked into it they were loss making to gain promotion

I believe Burnley sold the training ground to one of the directors to help fund the promotion and then he generously sold it back to the club for substantially more.

Evo1883 · Aug 31, 2020

Burnley now are a club completely debt free though is that correct?

Terry Gibson's perm · Aug 31, 2020

Grendel said:
115% wages to turnover first time and £27 million wages second time. Wages now near £90 million

I have no idea where they spend £90 million on wages, they must be paying Pope and the centre backs a fortune to suffer it there

Grendel · Aug 31, 2020

Evo1883 said:
Burnley now are a club completely debt free though is that correct?

They are but relegation would provide issues. They like West Brom have played the yo yo game well but if promotion back fails the fate of a Wigan awaits

Terry Gibson's perm · Aug 31, 2020

Grendel said:
They are but relegation would provide issues. They like West Brom have played the yo yo game well but if promotion back fails the fate of a Wigan awaits

They would sell the keeper and centre backs and then hope for the best as the manager would be off as well.

djr8369 · Aug 31, 2020

SlowerThanPlatt said:
Has a club who aim to be self sustainable ever been promoted? Blackpool?

The best we can hope for realistically is becoming an established Championship club or a yo yo club while being able to sell players like a Maddison or Wilson for £20m rather than the fees we received as a League 1 club

Yeah something like this. Invest in the academy further and use it to help support the club.

Kieranp96 · Aug 31, 2020

Would 100% sort the club and secure the future a bit, but we are a long way off I just hope I see them in the prem in my lifetime, I was 5 years old when relegated got 0 memories of it.

Sky_Blue_Dreamer · Aug 31, 2020

Evo1883 said:
Would it make Coventry city a completely debt free entity..

What would it do for the club in terms of its future? Ability to ACTUALLY build its own stadium

Looking at it as 170 million over 4 years as a minimum

Promotion 100 million
70 million parachute payments over 3 years upon relegation

I'm not suggesting we will get promoted, but let's say we did?

Would we suddenly become one of the most steady clubs financially in England

You'd think it should, at least short term. Should provide enough for a new stadium too.

But as with all levels the extra income is soon taken by agents getting inflated wages for players. As fast as it comes it it goes out again.

So it could sort our problems out short term assuming we don't heavily invest in staying in the PL and sort everything else out instead and hope that money would be sufficient to become a yo-yo club for a while or pray for a miracle that our squad could keep us up.

But fans won't accept that. They'll be calling for transfers on bigger players to stay up, with the fees and wages involved with that. Do that and we can't sort out the off-field stuff. look at Bournemouth and how quickly they've become a basket case by staying up a few years and trying to stay there. Once you do that you're one relegation away from imploding.

Personally I'd prefer to sort out everything in the background to try and make us steadier for the future. But if I was chairman and did that I'd be hounded out of the club for not caring or investing.

clint van damme · Aug 31, 2020

Evo1883 said:
Would it make Coventry city a completely debt free entity..

What would it do for the club in terms of its future? Ability to ACTUALLY build its own stadium

Looking at it as 170 million over 4 years as a minimum

Promotion 100 million
70 million parachute payments over 3 years upon relegation

I'm not suggesting we will get promoted, but let's say we did?

Would we suddenly become one of the most steady clubs financially in England

I said we'd definitely be back at the Ricoh is we went up from L1 so what do I know?

Kieranp96 · Aug 31, 2020

clint van damme said:
I said we'd definitely be back at the Ricoh is we went up from L1 so what do I know?

Fuck the Ricoh, we need a new stadium

Sky Blue Harry H · Aug 31, 2020

It would sort us out, undoubtedly. It would be criminal to not then first sort out the stadium. If we can get a foothold in The Championship then as STPlatt said, players transfer value will increase massively. The downside is that if we do establish ourselves at this level. any contracts that need renewing, or incoming players will be asking for large increases, which could cripple us. Not too worried about incoming players, as we can try and unearth gems, but keeping hold of existing players who are doing well will be potentially difficult. An early promotion to the PL should sort all that !!

Ring Of Steel · Aug 31, 2020

I don't know the hows, the details etc but if we got promoted there is no way we wouldn't be back at the Ricoh. Not a chance of it not happening. the sheer £££ involved would strangely enough remove any & all obstacles.

I'm not saying thats what I want by the way, but its just obvious. £10m+ in gate receipts plus all the additional £ for the local economy would no doubt magically solve a lot of problems that currently exist in the negotiations.

fatso · Aug 31, 2020

One more promotion would probably see the back of SISU, they wouldn’t invest in the playing staff, and would simply seek to pocket the income from the premiership, along with the parachute payments from relegation, which would then enable them to offload the club having recouped most of their losses. This is the business case that was explained to me a couple of weeks ago when discussing the new “phantom” ground.

Ring Of Steel · Aug 31, 2020

fatso said:
One more promotion would probably see the back of SISU, they wouldn’t invest in the playing staff, and would simply seek to pocket the income from the premiership, along with the parachute payments from relegation, which would then enable them to offload the club having recouped most of their losses. This is the business case that was explained to me a couple of weeks ago when discussing the new “phantom” ground.

very true as well, milk it & make the club as attractive as possible, then exit stage left.

Its also why I think the 'new ground' is bullshit- they are an investment company, why the hell would they branch out into construction & start getting involved in physical assets, that is a million miles away from what they do or what they want to be doing.

djr8369 · Aug 31, 2020

fatso said:
This is the business case that was explained to me a couple of weeks ago when discussing the new “phantom” ground.

What’s this referring to? If it’s something you posted on here do you have a link?

Alkhen · Aug 31, 2020

Ideal world yes. But realistically I'd be happy to cling on in there for a few years.

I have a weird feeling footballs in for some big changes again. Need to be in the upper divisions with all the change and rules that are happening. If ideas like PL2 get traction we need to be iin amongst it.

The crucial we don't slip back down again. So for now if we can keep completing in the championship whilst being sustainable and not getting into mad debt then I'm happy.

fatso · Aug 31, 2020

djr8369 said:
What’s this referring to? If it’s something you posted on here do you have a link?

This is the opinion of someone who has been in personal meetings with Joy Seppala in the last couple of weeks regarding the supply of certain infrastructure to the proposed new ground. There are more meetings planned (obviously) but the personal beliefs of those in the supply side is that the project won’t actually get under way.
The individual involved was also surprised at how little she seemed to know about Midlands football. (He’s a Villa fan)
Obviously I’m not going to divulge more, so feel totally free to believe it or not, but obviously the business theory is sound.

djr8369 · Aug 31, 2020

fatso said:
This is the opinion of someone who has been in personal meetings with Joy Seppala in the last couple of weeks regarding the supply of certain infrastructure to the proposed new ground. There are more meetings planned (obviously) but the personal beliefs of those in the supply side is that the project won’t actually get under way.
The individual involved was also surprised at how little she seemed to know about Midlands football. (He’s a Villa fan)
Obviously I’m not going to divulge more, so feel totally free to believe it or not, but obviously the business theory is sound.

Are you/they saying it won’t get off the ground under their ownership or that it won’t get off the ground at all and they are just doing enough to seem willing?

Understand if you don’t want to say anything more, just wanted to be sure I understand what you are getting at.

Sky Blue Harry H · Aug 31, 2020

djr8369 said:
Are you/they saying it won’t get off the ground under their ownership or that it won’t get off the ground at all and they are just doing enough to seem willing?

Understand if you don’t want to say anything more, just wanted to be sure I understand what you are getting at.

Who would divulge that to a 3rd party? i.e 'we'll pocket the PL money, and the parachute payments from relegation, then offload the club. The club would potentially be in the shit if it had been relegated from the PL and the parachute payments nicked, so it would then be back to where we are now (or possibly worse) as they don't intend to build the ground (according to this). Why would anybody then want to buy it? Doesn't make any sense. If they were to sell it, having achieved PL status, they could then sell it at a higher value (including expected PL revenue) which would make more sense,

fatso · Aug 31, 2020

djr8369 said:
Are you/they saying it won’t get off the ground under their ownership or that it won’t get off the ground at all and they are just doing enough to seem willing?

Understand if you don’t want to say anything more, just wanted to be sure I understand what you are getting at.

It’s the personal opinion of someone on the inside that it won’t happen at all.
Apparently Joy has absolutely no clue whatsoever of what is involved in a project of this size, or of the cost, or of the timescale etc etc.

He also understands that although Warwick county council are seen to be enthusiastic, there are a number of senior personnel who are reluctant to sign any legally binding agreements that could end up with legal actions or major financial liabilities being laid at their door. Hardly surprising knowing Sisu’s history, so I’d expect the purchase of land, planning permission, road access, and environmental concerns etc delaying the project indefinitely.

In the meantime, another promotion will be worth in excess of 100 million pounds, and offer Sisu a way out while saving face financially, as well as potentially leaving the club in a better league position than when they arrived.
And new owners would be free to negotiate a return to the Ricoh.
The ultimate win win situation!

djr8369 · Aug 31, 2020

fatso said:
It’s the personal opinion of someone on the inside that it won’t happen at all.
Apparently Joy has absolutely no clue whatsoever of what is involved in a project of this size, or of the cost, or of the timescale etc etc.

He also understands that although Warwick county council are seen to be enthusiastic, there are a number of senior personnel who are reluctant to sign any legally binding agreements that could end up with legal actions or major financial liabilities being laid at their door. Hardly surprising knowing Sisu’s history, so I’d expect the purchase of land, planning permission, road access, and environmental concerns etc delaying the project indefinitely.

In the meantime, another promotion will be worth in excess of 100 million pounds, and offer Sisu a way out while saving face financially, as well as potentially leaving the club in a better league position than when they arrived.
And new owners would be free to negotiate a return to the Ricoh.
The ultimate win win situation!

Tbf I think this is pretty much how it will play out. Once the club is a more saleable asset they will go, as long as they get some money out of it. Although I think it’s unlikely we will see another promotion and that it’s possible some progress is made on a stadium so a buyer could pick up that baton, if they wished.

chiefdave · Aug 31, 2020

fatso said:
He also understands that although Warwick county council are seen to be enthusiastic, there are a number of senior personnel who are reluctant to sign any legally binding agreements that could end up with legal actions or major financial liabilities being laid at their door. Hardly surprising knowing Sisu’s history, so I’d expect the purchase of land, planning permission, road access, and environmental concerns etc delaying the project indefinitely.

Doesn't the land belong to the University not the council? The road infrastructure is a different project to any new stadium, its part of the A46 strategic link road, one of the aims of which is to improve access to the university.

Would 1 more promotion sort the club out completely? (1 Viewer)

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