How will the stalemate break (1 Viewer)

[skybluetony176]

And I still don't get why people are getting hung up on the club not paying market value (or what they deem market value). Why would you not want the club to pay as little as possible for the stadium? If it was new owners wanting to get the stadium for as little as possible everyone would be praising them.

again mark you are assuming that the club is the one of many shitsu's companies that will buy the ricoh when shitsu themselves are not saying 1 way or the other and history tells me it means it wont be the club who are owners. Shitsu could quite easily put this to bed by doing something they love to do, make a statement and they haven't.

you also said in your previous post that ACL haven't put any effort in since administration. not strictly true, you seem to have forgotten Ann Lucas's very public invitation's (1 before the admin process finished and 1 after) to meet joy woman to woman. what did joy do? trip over herself in her rush to meet her? No! she instead opted to meet Nikki Sinclair and Les Ried, she may as well have met me as i have the same influence in getting a resolution sorted for the club to return to the ricoh. joy has the opportunity to talk with someone who is in a position to help steer the club north on the M1, join the M6 and get of at junction 3 and has chose not to do so on not 1 but 2 occasions. talk is cheap, shitsu may have been talking the talk since the admin process has finished but they haven't been walking the walk.

and don't get me started on a new ground, no plans, no land purchase, no chance.

 

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[skybluetony176]

Who says that they plan to sell Dong?

they're a hedge fund Rob, that's what hedge funds do. its like saying jaguar don't make cars to suggest that they wont sell the club.

 

[skybluetony176]

Back to the same old thing. There is no evidence to suggest that the Stadium would be bought and not owned by the club.

and there is no evidence to suggest that the club will own the stadium, so don't assume they will. with the history of shitsu's ownership of the club don't you think its safer to assume that they wont?

 

[olderskyblue]

Do you really believe that olderskyblue?

It looks as though ACL/CC have left a door open for discussion, so yes, SISU should re-instigate them......if they actually want to return to the Ricoh of course

 

[RoboCCFC90]

It looks as though ACL/CC have left a door open for discussion, so yes, SISU should re-instigate them......if they actually want to return to the Ricoh of course

They hinted at discussions with ACL, but SISU have said they want to talk to the Council as Chris West doesn't have enough authority, so it's dependant on the council.

 

[RoboCCFC90]

and there is no evidence to suggest that the club will own the stadium, so don't assume they will. with the history of shitsu's ownership of the club don't you think its safer to assume that they wont?

You only believe that the club won't based on a assumption about the owners, what if your assumption is wrong?

 

[dongonzalos]

Joy Seppala says they intend to sell

So the question is can they clear 100 million.

If the answer is no then it is highly unlikely they will build a new stadium

 

[Nick]

Joy Seppala says they intend to sell

So the question is can they clear 100 million.

If the answer is no then it is highly unlikely they will build a new stadium

When did she say they intend to sell?

 

[Astute]

Back to the same old thing. There is no evidence to suggest that the Stadium would be bought and not owned by the club.

Is this select memory, amnesia or even worse?

When Timothy was questioned on who would own the new ground he replied he didn't know. If the ground would have been owned by the club he would have said so. This leads me to believe that the Ricoh would be the same.

 

[Astute]

When did she say they intend to sell?

She said that they won't sell at the bottom of the cycle. This means they will sell when there is value in the club.....hopefully. It could also mean that they will sell when they have made money by any means.

 

[Nick]

She said that they won't sell at the bottom of the cycle. This means they will sell when there is value in the club.....hopefully. It could also mean that they will sell when they have made money by any means.

So by saying it didn't make sense to sell at the bottom of the cycle it means they want to sell? Everything has a price at the end of the day but isn't that twisting? I thought she had actually said the words they want to sell.

 

[Grendel]

She said that they won't sell at the bottom of the cycle. This means they will sell when there is value in the club.....hopefully. It could also mean that they will sell when they have made money by any means.

Best put pressure on the council to give them the Ricoh for a very cheap price. Then they'll sell.

 

[RoboCCFC90]

Is this select memory, amnesia or even worse?

When Timothy was questioned on who would own the new ground he replied he didn't know. If the ground would have been owned by the club he would have said so. This leads me to believe that the Ricoh would be the same.

It wouldn't surprise me if Fisher was not included in negotiations as he is a liability to negotiate a deal.

However I suppose I am jumping ahead as their no deal is in place to buy the stadium, maybe this conversation would be better had should CCFC/SISU buy the Ricoh..

 

[Nick]

It wouldn't surprise me if Fisher was not included in negotiations as he is a liability to negotiate a deal.

However I suppose I am jumping ahead as their no deal is in place to buy the stadium, maybe this conversation would be better had should CCFC/SISU buy the Ricoh..

Or maybe they don't know who will own the new stadium as they are probably still sketching it in paint!

 

[sky blue john]

Who owns Ryton ?
Maybe this will give some clues as to how Sisu react with an asset !!!
Now we know for a fact it was mortgaged at least once by them !!
Also they have borrowed money from Arvo who had if still do a charge over it !!

 

[skybluetony176]

You only believe that the club won't based on a assumption about the owners, what if your assumption is wrong?

if my assumption is wrong then there is no problem is there! however if your assumption is wrong?

tell me if you found an unidentified brown substance on a plate and 1 person told you it was chocolate and another told you it was shit, would you assume its chocolate and eat it or would you play safe and not eat it?

 

[skybluetony176]

Is this select memory, amnesia or even worse?

When Timothy was questioned on who would own the new ground he replied he didn't know. If the ground would have been owned by the club he would have said so. This leads me to believe that the Ricoh would be the same.

good point astute. i forgot all about that timmy reply.

 

[Godiva]

Back to the same old thing. There is no evidence to suggest that the Stadium would be bought and not owned by the club.

Asked to be clear with fans and Coventrians if there were any hope of a Ricoh return, Ms Seppala said: “The club needs 100 per cent ownership of the freehold of the Ricoh. If you look back at the history of the club, you can see why this is important.”

 

[Sky Blue Kid]

SISU have placed all debts at CCFC's door, Management fees, anything financial the football club is paying back "Fees" to one or any of the many arms of SISU. Arvo being the biggest. How else would they claim to be owed £70m+ by the club.

 

[RoboCCFC90]

if my assumption is wrong then there is no problem is there! however if your assumption is wrong?

tell me if you found an unidentified brown substance on a plate and 1 person told you it was chocolate and another told you it was shit, would you assume its chocolate and eat it or would you play safe and not eat it?

If my assumption is wrong then I will hold my hands up and say I am wrong..

 

[RoboCCFC90]

Godiva, that's a good quote but no doubt people will not believe it.

 

[sky blue john]

Godiva, that's a good quote but no doubt people will not believe it.

I'll believe it when i see it happen you only have to look at Ryton to see what more than likely will happen !!!

 

[NorthernWisdom]

I'll believe it when i see it happen you only have to look at Ryton to see what more than likely will happen !!!

Still owned by the club?

 

[SIR ERNIE]

Where does the thinking that the Arena runs at a loss come from, because the council bought the mortgage from the yorkshire? Ok ACL go bust, who then owns the stadium? It stops the yorkshire or another screw up like the SISU farce happening!

I dont have access to the accounts but...

According to the guardian 2011 http://www.theguardian.com/football/2011/sep/29/coventry-city-sisu-ricoh-arena

The Ricoh Arena is a hugely profitable enterprise for the council and Football Investors. In 2010, after paying loan interest, the stadium operator, Arena Coventry, made £1.5m even after investing millions in facilities. The previous year, when significantly less was spent on new assets, profits after debt and tax payments were £4m.

2008-2010 5.5m profit

The evening telegraph march 2013 Ricoh owners double profits. http://www.coventrytelegraph.net/news/coventry-news/ricoh-arena-owners-double-profits-3013220
2010-2012 again following on from the guardian, more profit being made.

Apart from the clubs rent, what has significantly changed?

top post, thanks mds; almost seems to have gone unnoticed, selective viewing and all that...

 

[Grendel]

top post, thanks mds; almost seems to have gone unnoticed, selective viewing and all that...

Given that the article le is essentially a condemnation of the council and ACL its hilarious its used in the case for their defence.

 

[will am i]

Why does being quiet make you think they are more guilty? I find that a strange thing to say. JS & TF have stated they have moved on from the Ricoh. If they want to come back, then isn't it up to them to re-instigate a discussion?



So, no need for them to contact ACL/CCC or vice verca.

Spot on as usual.

Tim said SISU dont posture, they had moved on, the conclusion must be that they didnt want the Ricoh as they were building a new stadium. I wish they would get on with.

Or, SISU do posture because they have now decided they do want the Ricoh after all. In which case pick up the phone arrange a meeting and see if they can do a deal instead of complaining in the Telegraph and on Sky about the naughty council. .

 

[skybluetony176]

If my assumption is wrong then I will hold my hands up and say I am wrong..

if you're assumption is wrong it will be too late for saying you were wrong, we will be screwed, game over. for the sake of your club learn to understand that. its no good crossing your fingers and hoping for the best. where shitsu are concerned expect nothing, assume the worse and then anything better is a bonus, if you are going to assume the best expect a fall.

 

[dongonzalos]

Joy Seppala says they intend to sell

So the question is can they clear 100 million.

If the answer is no then it is highly unlikely they will build a new stadium

She has always said that, this is an investment and the intention has been and always will be to sell and make a profit.

We would have to be making massive yearly profits or her investor (s) would have to be life long due hard city fans who live and breath the club and are happy to lose 100 million, if the intention was not to sell.

 

[sky blue john]

How much do we think Sisu will have increased the Ccfc debt because of the judicial review ?
my estimate is 1million in legal costs and then the club will have to pay the councils bill !!!

 

[Grendel]

SISU



I appreciate I do lean more towards ACL

At least you and Walker are honest -- you want ACL to prosper and are no longer interested in the football club

 

[Tonylinc]

Of course they intend to sell. They are a hedge fund and that is what they do. Prior to doing that however is the matter of making the club profitable. In order to do that they have to cut costs, increase turnover and generally make the business more attractive to potential buyers. The first of these pre-requisites is on course but the second is.......well........totally off course and they know it. It will come about by returning to the Ricoh (which I doubt) or building their own stadium thus obtaining all income streams. We have not heard of any land purchase or plans for this new stadium which leads me to the conclusion that no such plan exists.

 

[skybluefred]

Back to the same old thing. There is no evidence to suggest that the Stadium would be bought and not owned by the club.

Back to the same old thing.There is no evidence to suggest that the Stadium would be bought and not owned by a SISU
Company and rent charged to CCFC fot it's use.

 

[SkyblueBazza]

Where did the OP say that ?

Suspect it is a quite literal interpretation of the line..."I appreciate I do lean more towards ACL and the council in this stand off."

Personally covmark post hit the spot for me...same old thread topic with same old faces posting the same old arguments.
Hope THEY enjoy it...I'm sick to my back teeth of it tbh.

 

[skybluetony176]

At least you and Walker are honest -- you want ACL to prosper and are no longer interested in the football club

ahh, still doing the old sound bite thing Grendel to try and make people look like something they aint or haven't said.

don't worry when shitsu have done a Hinckley with the club there is a job in politics or journalism waiting for you. journalism? wait a minute are you Les Reid?

 

[mds]

No Grendel, just pointing out that ACL had made money, and that the council bought the mortgage to protect the ground from vultures. If ACL now stop paying the motgage the council take outright control. Its an investment, they receive the mortgage repayments. Conspiracy theories and all that, SISU disstressing ACL now it (the ground) is protected! Unless the right offer is made!