Search results

dont like the comment about unsustainable....... the business is the same general structure it has always been. Why buy in to it in the first place I also think it is a subtle way of depositing any blame if it goes bust on ACL & councils doorstep But painted themselves into a corner as well as...

never been a big fan of his LBB and i wouldnt overly worry about him leaving ...... however TF said he was the man for the job so i get behind him in the sense of dealing with what is ........ but it has taken what 2 weeks ? for his assurances to be put in doubt, you can not run a team or a...

evidence that ACL is being run inefficiently ? or better still evidence that any owner of CCFC could or would run it better ?

wonder how AT feels at the moment ..... TF assured him that there would be a player budget (even heard him say on radio that he was trying to increase the player budget) - I am assuming a player budget refers to the pot we pay wages from not the cost of transfer fees....... AT says he isnt...

Mr Mutton has his figures wrong - last accounts 2010 showed CCFc turnover at 9.3m rent has always been 1.2m so thats 12.9% of turnover. Turnover has got smaller since then so rent is more like 15% which is kind of worrying - because what facts are presented at the meetings they are having and...

Neither pro or against GH ...... nothing has happened to mean I feel i need to make a judgement. All he has said is that he would try to arrange a deal to get SISU out of the club - it hasnt happened, it doesnt mean he hasnt tried though. No point or need to have a go at him BUT this situation...

Surprisingly Godiva though my firm does do audits I actually have my own business to run as well :) If they can find the extra funds to buy into the stadium income sources why have they never done this ..... in fact why have they never tried until now ....... it is not a new problem and it...

I didnt say TF wanted a rent at £112K I said that the CT thought that was an appropriate figure for a similar club that is Ipswich. I have said quite clearly in another post that the rent needs to be renegotiated - I have no problem with that anf when it comes to the crunch I doubt ACL or its...

But 1994 club had total liabilities £7m total assets £8.4m 2001 club had total liabilities £59.6m total assets £47.4m (CCFC Group) 2009 club had total liabilities £34.8m total assets £22.7m (SBS&L Group) never has been debt free, never had only a bank overdraft ............. fans never...

It really does bother me that it has taken 5 years for the owners of the club to realise the business model does not work. All of a sudden because we are going to League 1 the model is flawed ........... really ???? and the reason is because ACL fleece the club of rent and income sources ...

Coventry City withhold Ricoh Arena rent for second month - title “This isn’t a case of us saying ‘we’re not paying it’ TF............... errr yes it is The discussions are holding up plans for next season as manager Andy Thorn’s playing budget is dependent on the club establishing its income...

http://www.coventrytelegraph.net/coventry-city-fc/coventry-city-fc-news/2012/05/03/coventry-city-withhold-ricoh-arena-rent-for-second-month-92746-30890005/ here is the link

Thank god for that CC4L :D Sorry about the length of the thread Boss but is hard to explain in a few words adequately So for a fellow poster I know and do not want to get sacked for taking too much time reading it summary Welcome the talks if they are constructive its brinksmanship SISU...

Because right now they are in breach of contract which means they have no ground which means they have no business and technically the club could be seen as out of business .... it is only the goodwill of ACL that is allowing them to be there and that they continue

Notice how it is framed as "with held the rent" ...... implies they have the money but do not want to pay it. It is a much bigger problem if they simply can not pay the rent because they have no money........ that says they are insolvent and should stop trading immediately. Would not want to...

Just a few thoughts really no particular order - The recent newspaper and club announcements have changed nothing. The situation is that currently CCFC have no way of paying their liabilities as they fall due.... rent is but one of those liabilities. Important expression that because it is a...

errr I think that you have to bear in mind that the rent savings would be to reduce losses..... it doesnt mean there is a pot of money to sign players! I also think everyone should keep in mind that all options are still available .......... that includes investment in club all the way down to...

By the same token SISU are stuck with us and the fans provide an increasingly important share of income..... right now there is going to be less income from the League and sponsorship. It isn't a one way street. It would be unwise of any owner to simply expect loyalty without cultivating it...

I cannot imagine that the Higgs Charity were not involved. It is a step forward that there are discussions going on and that the club are prepared to be a little more open about things. I am guessing that is TF's influence They are I would guess looking at all the options, just that some are...

cutting the rent would not have an immediate effect on the money available for services in the city. All profits in ACL are either reinvested in the site or go to repay the loan. What the rent cut would mean is that there would be less to reinvest (create jobs) and the loan would take longer to...