Search results

ACL took out a loan to purchase the lease. There was an agreement that any profit ACL made would be used to make overpayments on the loan so until that loan was repaid our 50% stake would have generated no income for the club. Of course originally we were supposed to get 50% of the freehold but...

That's easy, Coventry.

Don't they run a shuttle bus from the station to the ground? If they don't they should do.

Well the rent on the ground is £100K, I can't find a rent for the club shop but unit 2 is £30K, no idea how that compares in size. Is anyone still at Citybase or have they moved to the Butts and / or Ryton. Can't imagine the Butts is costing a lot so the rent is probably around £1m cheaper...

Its worrying in so far as even the independent experts rolled out by CWR and CT have said to compete at a higher level that we are currently at we need our own ground and we're relying on him to make it happen.

They've painted the media area black, looks absolutely ridiculous. The bowl of the stadium is Sky Blue apart from one section! Suppose some will say not a big deal but its just another small step towards the whole ground being yellow and black.

They would have done (or should have done) but frankly they didn't care as stadium ownership wasn't part of the Ranson plan that was sold to SISU as a great investment. His idea was small investment in the team, in relative terms, get promotion and cash in. In fact the reason we ended up with...

Hang on, you're changing the question now. The question was would SISU have purchased ACL if they had been made the offer to buy on the same terms as Wasps. I explained why I thought they'd take the deal now you're talking about a prospectus. Care to post a copy of this prospectus that...

I am 100% certain there has never been any plan to build a new stadium and SISU's endgame was to get ownership of the Ricoh. Maybe to flip as a package with the club, maybe to load with debt as Wasps have done. I'm also 100% certain they wanted the stadium as cheaply as possible. I can easily...

OK, if you want to change the semantics fine. Point still stands, would you really expect someone like Fisher to make a statement putting the blame on himself?

Wasn't that £24m just to buy the rights to matchday revenue streams?

I haven't played FIFA for years, probably since the late 90s. You lot going on about it has persuaded me to part with £300 to get the game and a console so it better be bloody good!

Worse than that. Wasps paid the council and Higgs £2.77m each so got the whole lot for £5.5m.

Don't think that really tells us much. There is no way his statement was going to be we're screwed and I've royally messed up.

I don't think we'd be in the same position. From what CCC were starting we would have been looking at buying the Ricoh at either the 2 year or 4 year point. Of course by then the truth about ACL's performance would have most likely come out putting SISU in the driving seat for any ownership...

PWKH was asked on here, wouldn't confirm the exact details but did say that the figure generally thrown around for the Higgs 50%, which was £10m, was about right.

This is from the Telegraph in October last year: So that would date that as around October 2013.

Are you suggesting Reeves and West had no idea CCC were at a very advanced stage of negotiations with Wasps?

I think they would have, I think they would have also settled for a 50/50 partnership with Wasps hence the bid they made for Higgs share. Of course that was never on the cards as Wasps wanted to load debt against the stadium to pay themselves back, I dread to think about the meltdown there would...

Bit of a random change, guess there must be something on at the Ricoh but they don't have anything listed.