Stadium update (70 Viewers)

[Gynnsthetonic]

Doug King stand!

I'd take that

 

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[SHUNT31]

Unless it’s to sell the club I don’t see the point here. Costs loads to maintain and makes no money, that’s why it’s been a hot potato from day one.

You’re proper on one this week.

Convinced you’re a parody account

 

[Nick]

Wonder how much they could sell naming rights for stands as well?

 

[HuckerbyDublinWhelan]

I imagine he'll hold out until the end of the 5 year plan (I think this is the 3rd year), as he'll stand to make a lot more if we go up.

There is that. At least we don’t need to worry about the rent agreement expiring in the worst case scenario

 

[Ccfcisparks]

It's the increase in box prices thats paid for this.

 

[Mucca Mad Boys]

And so dies the 40,000 butts park arena

I knew this was public posturing but never thought we were seriously in a position to buy the stadium!

 

[Nick]

Wonder if he will plan to open the halls for fan zones every week? If the club gets the money then the more beer and food the better?

 

[djr8369]

Wonder if King will look to get the complex making a profit or possibly offer components out on a lease or separate entities? Will it be held under a separate company so any losses aren’t a drag on the club?

best case scenario is he gets it making money. A great day regardless

 

[David O'Day]

I guess it just means the staff will now transfer over? Don't know how it worked before if they worked for frasers.

It'll be TUPE law protected so the general staff can transfer over to the new owners on the same wages and terms

 

[NortonSkyBlue]

This is our city…this is Coventry City…this is our home…we are truly back home

 

[Speedie's Head]

George & John stand, Jimmy Hill Stand, Mark Robins Stand ... and leave room for Frank

Not with the Big Cyrille stand!

Frasers must have cut their losses. The club should be able to attract more investment now.

 

[BackRoomRummermill]

Would love to able to buy shares in the club now - imagine they did that and we were promoted

 

[Gint11]

Buzzing. I’d love to know the details in the purchase though. Just thinking out loud

Is the stadium ownership under Doug or the football club or both?
How much did we pay?
How does he plan to service the debt of paying
Is his next step is to sell
What about maintenance? Didn’t we see the CBS costs about millions a year to keep maintained?

Don’t get me wrong, I’m buzzing but I’d love to know but maybe we’ll never know this.

 

[CovInEssex]

I’m convinced the moves to sell the club began when that woman from PSG came in. This was the final piece of the puzzle.

Doug will net close to 100m if not over with this transaction

Also crossed my mind, he's joined the club and the ground under one, making a tasty little sell-able package

 

[Nick]

Buzzing. I’d love to know the details in the purchase though. Just thinking out loud

Is the stadium ownership under Doug or the football club or both?
How much did we pay?
How does he plan to service the debt of paying
Is his next step is to sell
What about maintenance? Didn’t we see the CBS costs about millions a year to keep maintained?

Don’t get me wrong, I’m buzzing but I’d love to know but maybe we’ll never know this.

 

[Irish Sky Blue]

George & John stand, Jimmy Hill Stand, Mark Robins Stand ... and leave room for Frank

One of the stands would have to be the Tommy Hutchison Stand.
It will be great to see the whole stadium branded with Coventry City stuff in the way that other clubs have done, both inside and outside. Much improved over the last couple of years but can be made into even more ‘ours’

 

[Gynnsthetonic]

Shmmeee eating his breakfast this morning after finding out the news

 

[Earlsdon-Loyal-Blue]

Biggest signing of the window!!

Maybe this explains why we haven’t been more active in the transfer window. If so, fair bloody play. Securing our long term future and no more groundshares or being kicked out of our own ground, is far more important than another centre forward.

The atmosphere will be unbelievable today. A historic day.

 

[Mucca Mad Boys]

Whole I don't disagree with this, it's still a far preferable position to wondering where we goi g to be playing every few years and having the spector of playing outside the city looming over us again.

Nor everyone will agree, but if the cost of the maintenance and plugging financial gaps is decreasing the playing budget or selling a player I'll take it any day of the week to have our own ground.

In fairness, these are only ‘poor club’ problems you’ll see at the bottom of the championship, L1 and L2… which we all got to experience!

In the Prem, it’s a different ball game so hopefully we get to the Prem and establish ourselves sooner rather than later.

 

[Winny the Bish]

An obligatory fuck you to Kevin Maton. Choke on your wasps scarf dickhead.

 

[Manchester_sky_blue]

Buzzing. I’d love to know the details in the purchase though. Just thinking out loud

Is the stadium ownership under Doug or the football club or both?
How much did we pay?
How does he plan to service the debt of paying
Is his next step is to sell
What about maintenance? Didn’t we see the CBS costs about millions a year to keep maintained?

Don’t get me wrong, I’m buzzing but I’d love to know but maybe we’ll never know this.

It says in the statement. CovCityCo have bought the stadium which is the same vehicle that owns the club, of which Doug King is the sole share holder so far as we know.

 

[Warwickhunt]

Seats will be rearranged from Monday! and i do like the "Fuck You Anne Lucas" stand, think one of the boxes should be named Council Underhand Nausiating Tossers Seats

 

[StrettoBoy]

Better or worse than the defender or striker we need???

A thousand times better!

 

[Saddlebrains]

Hand job for sir Douglas saddle?

Sent from my SM-A528B using Tapatalk

Blow

 

[rob9872]

Thought this would be headlines on Sky Sports, just opened the home page and not a mention. So PL focused. Ah well fek em.

Dodgy stick ole ole

 

[Tommo1993]

And Wasps are dying on Sunday league pitches

 

[Sky Blue Harry H]

Haven't read through the thread, but massively improves our chance of selling the club to people with deeper pockets, or securing investors. Also allows us to increase income streams, and allows us to spend more/compete financially. That in itself makes it a massive turning point in achieving our potential. Great day in the club's history. Well done DK.

 

[tisza]

And anybody in the sky blue trust applauding the wasps bloke.

And my personal "favourite" that smug F PWKH.

 

[skybluecam]

King haters absolutely mogged

 

[Ccfcisparks]

Thought this would be headlines on Sky Sports, just opened the home page and not a mention. So PL focused. Ah well fek em.

Dodgy stick ole ole

To be fair we were on the yellow ticker on sky sports news

 

[junglej13]

Hyam sold to pay for the pitch. Binks sold to buy the ground.

Hope Doug has the Frasers lettering in the stand replaced with his own name like Chansiri at Sheffield Weds.

 

[Ccfcisparks]

King haters absolutely mogged

17 year old virgin confirmed

 

[Robccfc87]

OK Bling. Fine. You've won me over ffs.

I’m here for this!

 

[Otis]

I'd take that

It will have to be, because "The Doug King Stand Up And Take. Bow Stand" is too many letters.

 

[AFCCOVENTRY]

I always felt the biggest thing to hold us back from success was going to be the lack of stadium ownership and not having the revenue streams we need. This is a complete game changer and I’m more confident than ever we can build this club back to the Premiership. This is more important than anything for us this season. Monumental in fact.