Ryton alone is worth about £7 million with planning permission.
Site about 100 yards away at one quarter of the size of Ryton (1.5 acres as opposed to 6) is up for £1.8million.
http://www.rightmove.co.uk/commercial-property-for-sale/property-61751909.html
Ryton alone is worth about £7 million with planning permission.
Site about 100 yards away at one quarter of the size of Ryton (1.5 acres as opposed to 6) is up for £1.8million.
http://www.rightmove.co.uk/commercial-property-for-sale/property-61751909.html
£6-7m sale price?
I have been told that Ryton has already been moved well away from the football club so it can't be counted in any value so the club is still worth zero.
Was an interesting read this article and interview with the smurf. Personally at the moment Sisu would be lucky to get £6-7m imo. Interesting to see that he says something I mentioned about the investors. They would want out as they aren't making any money on this hedge. You wouldn't want to be the last investor in the pot.
Smurf believes there are potential buyers out there. That is true. The problem is always what Sisu want and actually what the club is worth now.
http://www.coventrytelegraph.net/sport/football/coventry-city-owners-sisu-sell-11973299
Was an interesting read this article and interview with the smurf. Personally at the moment Sisu would be lucky to get £6-7m.
Hmm, that would leave you with £6 - £7, so minus one pound.Take away the 'm' and the price is about right.
He does say that he's excluding that from the valuation as he assumes it will be sold beforehand.
I still think there's a twist to all this, sounds to me the perfect scenario would be wasps buying the football club for 1 pound, sisu keep the training ground to sell as part of the deal, move the football players to the Higgs with the rugger lot.
Then wasps have got both teams under one roof at the Ricoh making a good turnover because fans can see a future with the council happy because they have trust in board members at the wasps to run everything correctly. Win win. Main question is would sisu sell to wasps or say no out of principle with what's gone on?
I saw that in his interview, The point I was considering is where does that asset lie within the organisation? Does it belong to the club? If yes I understand that it has effectively been mortgaged. If that is the case what is the charge over Ryton. It certainly would not be the £7 million as at the time it was mortgaged the asset value would not have been "development" land, now it potentially has a significantly higher value.
I know that in 2011 the club took out a reported £1m mortgage on Ryton but did they lose this asset through admin?
Kingokings, why? Money, fan attraction, ambition, making a community sporting hub, I.e footy on a sat wasps on a sun makes good sporting entertainment and business, imagine if they done deals for a footy and rugger season tickets at say 500 quid? I wont Li I be interested.
If they can afford or want us?
That's a question I cant answer and most probably no one on this forum can either.
Just a thought from my above post, I don't know too much about wasps set up, but a hear that mayb be hedge funded may wrong, even if they couldn't afford us what's stopping from loaning a minium amount to buy the football club then the wasps board selling both teams for big bucks making there profits? Like hedge funds do.
Another forum I use (not a CCFC forum) had a thread about the worst team to support in the last 20 years - most fans of other teams agreed it was us!!!
There was one post on there from a guy who has a mate who worked for SISU when they bought CCFC, he said to this day no one understands why they did, and now they can't get rid as they will not take a loss on the purchase i.e. they want back what they've put in. Said the whole thing has been a complete disaster.
Something tells me if they were prepared to take £6-7m they would be long gone by now.
Apparently he's a SISU spokesman.
Kingokings, why? Money, fan attraction, ambition, making a community sporting hub, I.e footy on a sat wasps on a sun makes good sporting entertainment and business, imagine if they done deals for a footy and rugger season tickets at say 500 quid? I wont Li I be interested.
If they can afford or want us?
That's a question I cant answer and most probably no one on this forum can either.
Ooh, Grendel won't like that.Speaks again. Good comments
http://www.coventrytelegraph.net/sport/football/coventry-citys-future-lies-ricoh-11973780
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