Only one thing is stopping us playing at the Ricoh - Joy Seppala (1 Viewer)

[MichaelCCFC]

(kcic mailout 6 July 2014)


We CAN kick off the new season back at the Ricoh -


The only thing stopping that happening is JOY SEPPALA



The truth about Seppala’s sisu and how they operate has been laid bare in Mr Justice Hickinbottom's JR verdict

• This is not a dispute between two parties - sisu went on a rent strike
• sisu’s strategy of distressing acl’s financial position is quite deliberate
• sisu chose to leave the Ricoh to distress acl – sisu were not forced out
• sisu’s aim has been to distress acl so as to get at least a 50% share of the Ricoh at a knock down price

(Full JR verdict is at:www.coventrytelegraph.net/incoming/article7346847.ece/binary/Judicial%20Review%20High%20Court%20verdict)

kcic’s rent offer remains on the table

• We were bitterly disappointed Fisher dismissed the offer, without even meeting to discuss it
• We are bewildered and exasperated by Seppala’s position
• Our offer is based on paying Ricoh rent and match day costs for up to 3 years - what could be more straightforward, simpler and reasonable than that?
• Fisher and Labovitch now have little credibility among the overwhelming majority of fans but we have made clear we can sit down with Seppala and go through all the details of the offer

What’s next? “Shout, sing, jeer and chant” say the Sky Blue Trust!

• March and rally Saturday 12 July
• Meet at Gosford Green 11.00am
• March sets off 12.00 noon
• Rally in Broadgate

Full details at www.skybluetrust.co.uk/index.php/114-latest-news/399-join-the-sky-blue-trust-march-saturday-12th-july


***kcic post march drink at The Squirrel, Greyfriars Lane CV1 2GY***


If you want a kcic t-shirt to wear on the march you need to be quick! Available from Bludog, 158 Longford Road CV6 6DR Tel: 024 77 220210 email: [email protected]

Or online from www.creativemidfielder.co.uk/shop.php?c=keep-coventry-in-coventry


Other news

"The Football League unfathomably allowed Coventry City to be moved by a hedge fund seeking to distress the operating company of an arena built for the club, owned by the local council and a charity"
http://www.theguardian.com/football/2014/jul/03/coventry-city-sisu-ricoh-arena?CMP=twt_gu

BBC Midlands Today story on CCFC, Monday 30 June
https://www.facebook.com/photo.php?v=670408506373000

CCFC: this most wretched of stories
http://twohundredpercent.net/?p=26346

The ever excellent Coventry City London Supporters Club latest newsletter
is at dlvr.it/69vYTq

Everyone knows CCFC playing at NTFC is mad but a story on skybluestalk.co.uk claims Tim Fisher said “Joy is bonkers”!
http://www.skybluestalk.co.uk/threads/46443-Coventry-City-Conversations


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Thanks to everyone for messages in recent weeks and apologies again that volume means we can’t always reply – but please do keep sending them because every message, comment and idea is definitely read
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Finally, amid the CCFC madness please take a minute to read about this very worthy cause

“Remembering Lesley” Saturday 13 September 2014
Ricoh Arena 2.30pm – 11.00pm

I am writing to you on behalf of Wayne “Shanks” Bates and his children. Wayne’s wife Lesley passed away last September after a tragic battle against cancer.
The family would like to do something to commemorate Lesley’s remarkable life. They would like to run an event at the Ricoh Arena on Saturday 13 September to raise funds for cancer charities (Cancer Research UK, Macmillan Nurses and Marie Curie). Wayne is well known in the local area as a footballer, football coach, owner of “Headcase” barbers and resident DJ at Carey’s nightclub in Coventry. Wayne and Lesley’s three children have all followed in their footsteps and involved in sport at a high level.
Please view this link from the Coventry Evening Telegraph:
http://www.coventrytelegraph.net/news/coventry-news/coundon-teenage-athlete-follows-footsteps-7325259
The programme of activities will include athletics featuring the Godiva Harriers and junior football matches. The main events will be a football match to include Coventry City legends other ex-professionals and local amateurs and an evening event to include Irish dancing, live music by “The Swains and guests and a DJ set.
There will be raffle prizes and a Charity auction. We plan to have around 1000 people during the afternoon. We are limited to 900 for the evening event.
If you would like to get involved in any way please make contact with one of the organisers listed below
Sponsorship of teams and parts of the event are possible
Wayne Bates [email protected] Mob 07976432567
Tony Carroll [email protected] Mob 07903409818

 

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[rupert_bear]

Read the points you have put with interest. I wonder could there be grounds for an individual fan to sue the Football League, after all we are customers of the FL spending money for years to watch our clubs part of which goes to that body to run football for us. Would need financial backing obviously but would attract national media attention.

 

[RoboCCFC90]

CCFC still need to be profiting from the Matchday Revenues, something they need to negotiate with ACL, maybe you could look into that Michael?


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[shmmeee]

CCFC still need to be profiting from the Matchday Revenues, something they need to negotiate with ACL, maybe you could look into that Michael?


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Why can't we return to the Ricoh though?

That's nothing to do with revenues or rent. Go and build a new stadium if that's what you need, but it doesn't answer the question: why are we in Northampton?

The lease is broken, we can move grounds now, there's no reason to be in Northampton. Our revenue there is less than it would be at the Ricoh, even with a £1.3m rent.

So why can't we return to the Ricoh?

 

[Mary_Mungo_Midge]

CCFC still need to be profiting from the Matchday Revenues, something they need to negotiate with ACL, maybe you could look into that Michael?


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Even if you move that to one side, the comparison between Sixfields, with paltry crowds and matchday revenues compared to the KCIC option at the Ricoh - still makes the Coventry option a lot more lucrative. SISU have to start to demonstrate its not all about spite and build a few bridges. From that position, revenues and other incomes can come onto the table

 

[SkyblueBazza]

Read the points you have put with interest. I wonder could there be grounds for an individual fan to sue the Football League, after all we are customers of the FL spending money for years to watch our clubs part of which goes to that body to run football for us. Would need financial backing obviously but would attract national media attention.

Or even sue SISU...trade descriptions act Coventry City??? We may as well call ourselves Sampdoria or Barcelona or something.


PUSB

 

[MichaelCCFC]

CCFC still need to be profiting from the Matchday Revenues, something they need to negotiate with ACL, maybe you could look into that Michael?


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Sorry Robo, but the JR verdict was both damning of sisu and crystal clear. Matchday revenues, like lots of other things sisu say, is just a distraction tactic and we mustn't be conned by it any longer. acl and ccc are ready to talk - the only thing stopping us getting back to the ricoh for the new season really is JS. (are you coming up for the march - kcic post march drink is at The Squirrel and would be really nice to get to meet you at last!)

 

[RoboCCFC90]

Even if you move that to one side, the comparison between Sixfields, with paltry crowds and matchday revenues compared to the KCIC option at the Ricoh - still makes the Coventry option a lot more lucrative. SISU have to start to demonstrate its not all about spite and build a few bridges. From that position, revenues and other incomes can come onto the table

I agree that even if you take away the Matchday Revenues it still looks a better prospect than Sixfields, however CCFC needs to benefiting from all the revenue that it generates and straight away would put the Club on a good footing. Like I said they would have to negotiate for this, it just needs someone to get these two round the table.


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[Kingokings204]

CCFC still need to be profiting from the Matchday Revenues, something they need to negotiate with ACL, maybe you could look into that Michael?


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Irrelevant on two points. 1 Ricoh is a lot better financially than sixfields right now regardless and 2. It's never been about rent or revenues in any shape or form.

 

[RoboCCFC90]

Why can't we return to the Ricoh though?

That's nothing to do with revenues or rent. Go and build a new stadium if that's what you need, but it doesn't answer the question: why are we in Northampton?

The lease is broken, we can move grounds now, there's no reason to be in Northampton. Our revenue there is less than it would be at the Ricoh, even with a £1.3m rent.

So why can't we return to the Ricoh?

But it is to do with revenues, it's a CCFC generated revenue that the Club feels it should benefit from, a thought I completely agree with.

The Club could return to the Ricoh under the new terms, but other than the rent changing, what else has changed from the old terms?


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[RoboCCFC90]

Irrelevant on two points. 1 Ricoh is a lot better financially than sixfields right now regardless and 2. It's never been about rent or revenues in any shape or form.

1. I agree (see above post, response to MMM)

2. It has been about this, it's been said by the Club since the beginning of this, but personal opinions believe the motive has been shifted to distress ACL, not an argument I wish to have.


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[Kingokings204]

But it is to do with revenues, it's a CCFC generated revenue that the Club feels it should benefit from, a thought I completely agree with.

The Club could return to the Ricoh under the new terms, but other than the rent changing, what else has changed from the old terms?


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The rent down drom 1.2 to 400k saves you 800k in one swoop. The revenues are needed for FFP sure but the actually figures will be not worth considering. 100-150k a season food and beverage? 800k saved on rent. The figures lead with the rent regardless of FFP.

I even bet they could get the Ricoh for 2000-250k rent now saving the club another 100-150k on what they agreed last year.

 

[kg82]

Ok, but I heard that ACL wasn't a going concern anymore - is this right? So, if this is the case and ACL are viable for the foreseeable future then surely SISU/Otium must see the pointlessness of carrying on with their apparent weakening of ACL?

 

[RoboCCFC90]

Sorry Robo, but the JR verdict was both damning of sisu and crystal clear. Matchday revenues, like lots of other things sisu say, is just a distraction tactic and we mustn't be conned by it any longer. acl and ccc are ready to talk - the only thing stopping us getting back to the ricoh for the new season really is JS. (are you coming up for the march - kcic post march drink is at The Squirrel and would be really nice to get to meet you at last!)

It's not being conned Michael, when the Ricoh was built it was built on the premiss that CCFC would benefit from the Arena financially, so when it comes to the argument of CCFC benefitting from a normal, standard revenue stream that any Club should, it shouldn't be allowed without playing at the Ricoh first? Again CCFC should purchase these revenues, I completely agree, it will be much cheaper than building a new Stadium.

I will be there.


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[mrtrench]

Why do people keep on responding to these threads. Don't you ever get bored of repeating the same positions and going round the same points over and over and over again?

 

[RoboCCFC90]

The rent down drom 1.2 to 400k saves you 800k in one swoop. The revenues are needed for FFP sure but the actually figures will be not worth considering. 100-150k a season food and beverage? 800k saved on rent. The figures lead with the rent regardless of FFP.

I even bet they could get the Ricoh for 2000-250k rent now saving the club another 100-150k on what they agreed last year.

I appreciate that, but we all want CCFC to be the best if can be, so again why should it not benefit from revenue it generates?


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[Grendel]

Irrelevant on two points. 1 Ricoh is a lot better financially than sixfields right now regardless and 2. It's never been about rent or revenues in any shape or form.

Sisu do not care about the financial difference (which is probably only a couple of million anyway) so its totally relevant.

 

[Kingokings204]

1. I agree (see above post, response to MMM)

2. It has been about this, it's been said by the Club since the beginning of this, but personal opinions believe the motive has been shifted to distress ACL, not an argument I wish to have.


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It's never been about revenues Robo. Not in an form. It's been the whole party line whilst we moved out.

Why did TF shake hands on a 400k rent deal if it was about revenues?


Also read the judges comments" sisu deliberately stopped paying the legal rent owed to distress ACL and gain a share of at least 50% in the company as this was the only probably way sisu get their money back"

Never been about rent or revenues and it's there full proof in black and white. I just can't have it. Sorry Robo.

(Sorry for being blunt for it's there in proof from last Monday)

 

[kg82]

Why do people keep on responding to these threads. Don't you ever get bored of repeating the same positions and going round the same points over and over and over again?

I never respond. In fact as soon as it normally gets to these points I get off the thread. This time I had a question.

 

[Kingokings204]

I appreciate that, but we all want CCFC to be the best if can be, so again why should it not benefit from revenue it generates?


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I couldn't agree more with that sentence. We all think this though.

 

[Snozz_is_god]

Sisu do not care about the financial difference (which is probably only a couple of million anyway) so its totally relevant.

But according to you they care about F&B which comes to maybe a 6 figure sum at best. You need to see SISU for what they are Grendel

 

[RoboCCFC90]

I couldn't agree more with that sentence. We all think this though.

I appreciate everyone's points on the matter, but I still think it's wrong that the Club should come back to the Ricoh yet not explore the similarities in revenue that to other Clubs are the norm.

Anyhow I am off out for a Carvery and a spot of shopping with the Mrs, Cheerio all!




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[bigfatronssba]

It's not being conned Michael, when the Ricoh was built it was built on the premiss that CCFC would benefit from the Arena financially, so when it comes to the argument of CCFC benefitting from a normal, standard revenue stream that any Club should, it shouldn't be allowed without playing at the Ricoh first? Again CCFC should purchase these revenues, I completely agree, it will be much cheaper than building a new Stadium.

I will be there.


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It did benefit though. They sold their share of revenues for circa £6m.

 

[NorthernWisdom]

Why can't we return to the Ricoh though?

That's nothing to do with revenues or rent. Go and build a new stadium if that's what you need, but it doesn't answer the question: why are we in Northampton?

The lease is broken, we can move grounds now, there's no reason to be in Northampton. Our revenue there is less than it would be at the Ricoh, even with a £1.3m rent.

So why can't we return to the Ricoh?

Leads to some different arguments from what's usually trotted out however. The argument above is also the more valid one.

Lease had to be broken, as no opportunity for a short term run-off deal. The elephant in the casino is that it took moving to Sixfields for there to be even the opportunity of such a run-off deal...

However, they insist a new ground is plan A. So forget the finances for a moment, they now have the opportunity for said short term deal... one would hope (would ACL care to confirm this however?)

So the next questions after that are where the hell is this ground? And does a short term deal have to be rather longer term because there's no sign of a new ground? If so, why is a new ground Plan A?

 

[Bennets Afro]

Why do people not want the club to have all the revenues it generates on match day????

Why should them revenues go to another company???

I'm told the match day revenues equates to about £1.5m a year that's car parking, F&B, etc

2000 car park spaces at £10 = 20k per match. Over say 30 games is £600k a season alone

Again why would people not want this money coming to the club?

 

[RoboCCFC90]

Why do people not want the club to have all the revenues it generates on match day????

Why should them revenues go to another company???

I'm told the match day revenues equates to about £1.5m a year that's car parking, F&B, etc

2000 car park spaces at £10 = 20k per match. Over say 30 games is £600k a season alone

Again why would people not want this money coming to the club?

I think people do, but deem it to be insignificant to the main point which is returning to the Ricoh, however my argument is that a return to the Ricoh must also see the Club benefit from these revenues, because as you have pointed out BA the figure that we are looking could be very beneficial to the Club..


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[ccfcway]

Why do people not want the club to have all the revenues it generates on match day????

Why should them revenues go to another company???

I'm told the match day revenues equates to about £1.5m a year that's car parking, F&B, etc

2000 car park spaces at £10 = 20k per match. Over say 30 games is £600k a season alone

Again why would people not want this money coming to the club?

they are going to get it when the new stadium is finished.

this Is not about long term, there is no reason why we shouldn't be at the Ricoh until the stadium is built.

Why is evreyone banging on about match days revenues, the club will get them as soon as they get their backsides into gear and build the stadium. If its so impiortant to get access to all of these revenues, you would think they would pull their fingers out and start building

 

[RoboCCFC90]

they are going to get it when the new stadium is finished.

this Is not about long term, there is no reason why we shouldn't be at the Ricoh until the stadium is built.

Why is evreyone banging on about match days revenues, the club will get them as soon as they get their backsides into gear and build the stadium. If its so impirtnat to get access to all of these revenues, you would think they would pull their fingers out and start building

But that's exactly the point for most other Football Clubs this revenue is normal and apart of their financing for us - due to Mike McGinnity - it must be purchased and considered as an important asset.

It shouldn't be worth building a new ground over


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[Colonel Mustard]

CCFC ownership responsible for move away from Ricoh. That's a fucking revelation.

 

[Grendel]

It did benefit though. They sold their share of revenues for circa £6m.

So what? That's the past - I thought we were only concerned about the future now.

 

[Bennets Afro]

If the club returned on a short term deal with match day revenues for the next 3 years. The club would be in a far better position than just ticket sales alone.

ACL currently do not get the money the club generates, so in theory they shouldn't miss them.

SISU need to negotiate all of this but it's not unrealistic to expect this type of deal

 

[Lord_Nampil]

If the club returned on a short term deal with match day revenues for the next 3 years. The club would be in a far better position than just ticket sales alone.

ACL currently do not get the money the club generates, so in theory they shouldn't miss them.

SISU need to negotiate all of this but it's not unrealistic to expect this type of deal

I think Benno, it should be a rolling contract deal rather than a fix term gives sides then time to think about there future and allows other avenues to be explored should they wish, ultimately they could agree something that allows to have a long term safe guard......

If they ever got to the prem i am guessing ACL would be worth purchasing, and the club would have the funds to buy it without having to worry about the cost!

the one thing that needs to happen is talks! Once they start it should be a formality...... should be... lol

 

[blend]

But to have what they want they have to actually negotiate for it, they cannot. What SISU want they try to get by distressing the value and putting in ridiculously low offers.

The club should have access to revenues, we all completely agree with this, unfortunately our owners have no real appetite for realistic discussions on anything. This is absolutely clear from reading the judgment from Justice Hickinbottom. SISU do not want to negotiate for any deal - they haven't since they took over the club. Their attempts have been laughable.

Loyalty should not stretch to defending their utterly farcical management of the situation. They have burnt their bridges through their own actions, do not play their game.

 

[Kingokings204]

But to have what they want they have to actually negotiate for it, they cannot. What SISU want they try to get by distressing the value and putting in ridiculously low offers.

The club should have access to revenues, we all completely agree with this, unfortunately our owners have no real appetite for realistic discussions on anything. This is absolutely clear from reading the judgment from Justice Hickinbottom. SISU do not want to negotiate for any deal - they haven't since they took over the club. Their attempts have been laughable.

Loyalty should not stretch to defending their utterly farcical management of the situation. They have burnt their bridges through their own actions, do not play their game.

Good post. There is not one person who thinks ccfc should not get all income but if sisu won't buy them back at a sensible price then all pointless.

 

[Grendel]

Good post. There is not one person who thinks ccfc should not get all income but if sisu won't buy them back at a sensible price then all pointless.

Then you will never see the club back in Coventry.