Stadium update (3 Viewers)

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Earlsdon_Skyblue1

Earlsdon_Skyblue1

Well-Known Member
I can't believe it. Something I never thought would happen. Surely Doug has to go down as one of our best ever owners. It is quite surreal right now.

Does anyone know if he's ever purchased or run a train station before? Just kidding...

You heard the man. Every pint we purchase goes straight into the club. Get drinking!
 
Sick Boy

Sick Boy

Super Moderator
HuckerbyDublinWhelan said:
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
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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.
 
D

djr8369

Well-Known Member
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

David O'Day

Well-Known Member
Nick said:
I guess it just means the staff will now transfer over? Don't know how it worked before if they worked for frasers.
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It'll be TUPE law protected so the general staff can transfer over to the new owners on the same wages and terms
 
Gint11

Gint11

Well-Known Member
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

CovInEssex

Well-Known Member
HuckerbyDublinWhelan said:
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
Click to expand...

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

Nick

Administrator
Gint11 said:
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.
Click to expand...
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Irish Sky Blue

Irish Sky Blue

Well-Known Member
rob9872 said:
George & John stand, Jimmy Hill Stand, Mark Robins Stand ... and leave room for Frank :)
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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’
 
E

Earlsdon-Loyal-Blue

Well-Known Member
eastwoodsdustman said:
Biggest signing of the window!!
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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

Mucca Mad Boys

Well-Known Member
clint van damme said:
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.
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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.
 
Manchester_sky_blue

Manchester_sky_blue

Well-Known Member
Gint11 said:
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.
Click to expand...
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

Warwickhunt

Well-Known Member
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
 
rob9872

rob9872

Well-Known Member
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
 
Sky Blue Harry H

Sky Blue Harry H

Well-Known Member
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.
 
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