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  1. oldskyblue58

    Important Q: what did Joy Seppala want to get from a CET interview?

    I wonder if many of the investors are in this country..... if not then they will be relying on SISU fund reports not the local Coventry paper and forums. If CCFC project is a small part of a large fund will they really know or care if overall they are getting a decent return?
  2. oldskyblue58

    Les Reid= FAIL

    yes and no because until they actually get a stadium we wont know what it is they are going to do. So raising the point isnt wrong but until there is a stadium they own it is a bit hypothetical.......... and things/circumstances can change. They might set a rent, sell the club and retain the...
  3. oldskyblue58

    Les Reid= FAIL

    you wouldnt but it isnt about the sale it is to protect the asset. You can sell both at the same time. If the holding company owns the property and the subsidiary the football team you sell the holding company to sell it all. The attention was drawn because it suited ........... lots of teams...
  4. oldskyblue58

    Les Reid= FAIL

    I think when looking at why stadiums are in seperate companies to football teams you are missing the point. It isnt generally about the rent it is about seperating the major asset from the major loss making trade. Protecting the asset. Yes there can be rent paid but if you own both parties...
  5. oldskyblue58

    Les Reid= FAIL

    Always been the case that a failed lease reverts to the landlord. So ACL fail then the whole shebang reverts to the council but even then I dont think it is quite accurate If ACL had gone bust with CCFC here then who is best placed to run Ricoh the council or CCFC ? I would say CCFC. SO a...
  6. oldskyblue58

    Les Reid= FAIL

    that all said I think we have to bare in mind that Joy will have had probably to approve the article before it went out ....... so the article wont have been entirely Reids own work
  7. oldskyblue58

    We'll Come Back To The Ricoh...

    If you take it as said to value it on potential income then that values the freehold at nil. The rights to income are all in the ACL Group. ACL do not pay any rent to the council they paid a one off premium so there is no potential income on the freehold as it stands
  8. oldskyblue58

    Key Quotes from Reid/Seppala

    “When the former owners of the club sold the 50 per cent share to Higgs (Alan Edward Higgs Charity), I do not believe they thought they were giving away matchday revenues. They thought they had sold the equity stake in the stadium, not the revenues.” The owners were not wet behind the ears...
  9. oldskyblue58

    We'll Come Back To The Ricoh...

    First impression is that i am disappointed by the article, but it is what it is and i am not sure really what I expected from it. Just to be clear thats not a comment on Reid It is hard to see a way forward for CCFC at the Ricoh especially when the headline is we will come back but only as...
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