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  1. chiefdave

    Eakin????

    Wonder if over time if you're having to watch every game another team plays you start caring about them more than your own team. It sounds like something you would dismiss and say that will never happen but how long has Linnell being covering our games now? Got to be getting on for 30 years. Be...
  2. chiefdave

    Kids for a quid!

    I'm not surprised in the slightest, good chance their will be a much longer thread moaning about it taking a bit longer than usual to get in or pick tickets up.
  3. chiefdave

    The Ricoh

    A better tactic would have been to say we want ownership of the Ricoh but ACL is not performing well and is reliant on the club to prop it up. If from day one he had stated a business case for what ACL was worth and what terms they would buy it on then we may not be where we are now. But I...
  4. chiefdave

    Tad worrying

    Fans forum a few weeks into the season he made it very clear the players in and out were his decision, or so he claimed, and that he expected promotion this season. It might be on the CWR site somewhere if you feel the need to listen to it.
  5. chiefdave

    Fisher on new stadium

    But if you make the loan repayment part of the sale you remove that options. So instead of paying £6m whoever purchased ACL paid £20m and cleared the loan. If they then needed to replace that finance with a third party that's their own problem and doesn't involve the council or taxpayers money...
  6. chiefdave

    Fisher on new stadium

    I would suggest that in the event of ACL being sold a condition of the sale, to either Wasps or SISU, should have been immediate repayment of the loan. If, as we were told in the JR, other lenders are happy to give finance on a similar basis why not make use of that and remove the risk to the...
  7. chiefdave

    Auditors query Coventry City FC as a going concern

    Theoretically you do it by adding value and / or smoothing the planning process. That could be through building retail outlets that are then leased or something similar, that income is offset against the cost of the stadium build. It works in theory but we're not in the best climate for...
  8. chiefdave

    Auditors query Coventry City FC as a going concern

    We certainly did, and as Tony said we had a shop in West Orchards for many years. Think that closed down as they were losing a fortune as the majority of the sales were still being made at the shop at the ground. Can't see us opening our own shop in the city centre but there must be shops run...
  9. chiefdave

    The Ricoh

    I can vaguely remember a game against Wimbledon, must have been late 80s or early 90s. It was terrible weather and the ground was about a third full. At one point it was hailing so much into the kop that people had to turn their backs to the game. It was a dreadful game and if memory serves me...
  10. chiefdave

    Auditors query Coventry City FC as a going concern

    Everything is a what if hence why I keep suggesting all options should be fully explored to establish the best route forward. You say anyone building a new ground would not accept £100K a year rent after putting millions into a build, aren't Wasps in essentially the same situation?
  11. chiefdave

    The Ricoh

    Funny how that always seems to happen.
  12. chiefdave

    The Ricoh

    For the club to purchase or a third party? Did any of them actually get purchased?
  13. chiefdave

    Fisher on new stadium

    According to CCC there was no financial issues for ACL as a result of us playing in Northampton so why not? They could of course have had Wasps playing there as tenants rather than outright selling the ground to them. Because the offer from SISU directly correlated with Higgs stated charitable...
  14. chiefdave

    Auditors query Coventry City FC as a going concern

    You're making the assumption SISU fund the thing up front. Look at the Ricoh build, very little of the build cost was cash from CCC, somewhere in the region of 10% from memory. Apply that to a new ground and the financing on your £25m stadium is £2.5mm and loan repayments of around 10% the level...
  15. chiefdave

    The Ricoh

    I think the excitement and atmosphere was more a case of having something to get excited about which hasn't really happened at the Ricoh. If we had moved to the Ricoh and stormed into the premier league I'm sure we would have a different view. With the benefit of hindsight we should have stayed...
  16. chiefdave

    Auditors query Coventry City FC as a going concern

    The problem is there is absolutely no way you can state that as fact. From what we are led to believe we are paying £100K a year and receive around 50% of certain matchday revenue streams, although there is uncertainly if that is 50% of revenues or 50% of profit. What if we move to a new ground...
  17. chiefdave

    Fisher on new stadium

    No but you know as well as I do Higgs changed the objectives of the charity when SISU suggested working together on the basis of their, at the time, stated objectives. If you're saying the £20m formula price was one we should have paid then presumably you believe that to be a true value. Why...
  18. chiefdave

    Fisher on new stadium

    If they had paid the £20m formula price they would still have had to repay the loan on top of that.
  19. chiefdave

    Auditors query Coventry City FC as a going concern

    That's not what is being argued. The argument is that we are better off staying at the Ricoh on the deal we are on now. That deal will see us bottom end of the championship at best although if you look at Stockport, the only other club in our situation, that would be wildly optimistic. We need...
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