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  1. chiefdave

    Shareholder's meeting.

    31,407 Coventry 0–2 Chelsea (FA Cup quarter-final – 7 March 2009) 31,054 Coventry 0–3 Crewe Alexandra (Johnstone's Paint Trophy area-final – 5 February 2013) 28,184 Coventry 2–3 Leeds United (Championship – 6 November 2010) 28,163 Coventry 0–5 West Bromwich Albion (FA Cup fifth round – 16...
  2. chiefdave

    Shareholder's meeting.

    How would that work? Isn't it set up so ACL own the lease and CCC own the freehold. 2 seperate entities owning 2 different things. How does it follow that if SISU buy the freehold ACL gets wound up and what happens to things like the loan, balance of lease value etc?
  3. chiefdave

    Sisu boss Joy Seppala rejects council offer to play at Ricoh Arena rent-free

    I work regularly with AEG and I've asked before when this has been raised and had the people I work with ask around and no one at AEG seems to know anything about this, the comment I always get back is they have a very good working relationship with ACL that they are more than happy with (it is...
  4. chiefdave

    Judicial Review

    To be honest I feel like giving up. It's not easy to walk away from supporting your team but this just feels like a slow lingering death. Nothing to do with being a City supporter is enjoyable anymore. We're now faced with months / years of the JR dragging on. There's no sign of the team leaving...
  5. chiefdave

    Cov Back To Ricoh speaking to Ann Lucas Today

    This is a key point. It seems they are claiming every person that goes to a game spends £80 in the local area. Even if you take that figure as being correct for the whole amount to be lost from the local economy they are stating every person that went to a game no longer spends a single penny of...
  6. chiefdave

    Cov Back To Ricoh speaking to Ann Lucas Today

    That works out somewhere in the region of £80 spend per ticket sold, seems high to me. When I go to games I drive up from Pompey, park for £2 near the fire station, walk to the ground, watch the game, walk to the car and go home. If it's really cold I might buy a cuppa at half time. So my total...
  7. chiefdave

    Judicial Review

    I'm doing nothing of the sort. I'm highlighting SISUs complete and utter incompetence using the facts you supply. If you state that having 25% of ticket revenue spent on rent is a clear road to bankrupcy it then follows that if SISU haven't noticed this for 5 years they are highly incompetent...
  8. chiefdave

    Judicial Review

    Ticket income is not the only money that comes into the club. Although you do have to wonder if this is as basic a business fact as you state why did it take SISU 5 years to work it out and why, once they did work it out, didn't they try and negotiate on the rent rather than just stopping paying...
  9. chiefdave

    Judicial Review

    You need to listen to the podcast as they state that the council were very clear that the 150K offer had been made available to SISU. I will ask you again do you think that is an offer SISU should accept?
  10. chiefdave

    Judicial Review

    How much revenue are SISU getting at Sixfields?
  11. chiefdave

    Judicial Review

    Not sure what you mean by a situation where it could be accepted, but are you therefore inferring that an offer of £150K should be accepted by SISU? Surely all that takes is someone on the SISU side to go yes we'll take that offer, doesn't seem impossible to me. if you think that offer was never...
  12. chiefdave

    Judicial Review

    BTW is that ticket price based on any actual evidence or just a figure you've plucked out of the air?
  13. chiefdave

    Judicial Review

    Where did it say I was happy with it? I said it wasn't the cause of the problems as SISU make it out to be. Look how much they claim we have lost every year and that clearly shows the issue does not lie with the rent. You also completely ignore the fact that ACL are not saying the rent should be...
  14. chiefdave

    Judicial Review

    As was pointed out on here earlier in the week the first match after SISU took over was in the championship with nearly 20K there. If they'd maintained those attendances the £1.2m a year rent would equate to around £2.60 a ticket. Even now with crowds of 10K the £150K offer would equate to...
  15. chiefdave

    Judicial Review

    things have moved on since Yorkshire Bank got a bit twitchy. CCFC are now not tennants refusing to pay rent, they are not tennants at all. If ACL can produce accounts and forecasts showing they can meet repayments without CCFC being there then there's a good chance someone will lend them the...
  16. chiefdave

    Judicial Review

    Does that automatically follow or is that just one of the possible outcomes if the case goes in SISUs favour? What happens if ACL then go to a regular bank and get a £14 loan to cover that, not much SISU can do about that and now ACL can no longer offer them the lower rent as their payments have...
  17. chiefdave

    Judicial Review

    there's 2 ways you can look at that. SISU were negociating with Yorkshire Bank while also talking with the council. If that's the case then why are they complaining about the council leaving more than one option open? In that scenario their offer to YB wasn't accpeted which is really just tough...
  18. chiefdave

    Judicial Review

    That's exactly it, the refinancing strengthens ACLs position so in any negociation they are working from a firm footing rather than worrying about how they are going to meet their payments and if they bank is suddenly going to call the loan in. It doesn't benefit SISU as if ACL were distressed...
  19. chiefdave

    Judicial Review

    I will but I will first apologise for using the house analogy as it's the best thing I can come up with. You have a £100K mortgage with Yorkshire Bank. That costs you £1K a month as you took it out when interest rates were high. You have a tennant that pays £1K a month rent to live there. You...
  20. chiefdave

    Judicial Review

    In which case the question would be did the pay off the loan in full or buy it off Yorkshire bank ata discounted rate.
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