Pretty sure Tim said we approached ACL to negotiate a 3 year deal, but ACL refused.
Pretty sure Tim said we approached ACL to negotiate a 3 year deal, but ACL refused.
They didn't need to do this, I can't believe that SISU actually plan to build a stadium because the smart thing to do would have been.
(1) Agree the 400k deal with ACL. Ok you still arn't happy because you arn't getting certain revenues, but now your rent is much better, you haven't pissed off all your fans, you don't lose mark Robbins, perhaps you even get promoted,.
(2) Start the process of building the stadium, you're in no hurry now, your getting 11k fans each week, rent is the best it's ever been, you can do this properly, slowly and cheaply, you can continue to move your assets around over the next 4 or 5 years while you build the stadium to make liquidating limited as painless as possible.
3) You tell ACL look we have a new stadium now and we are going to break the lease, we can do that by putting the club in admin/liquidation, hurting the fans and you'll end up with say 500k. Or you can accept our compensation package of three years rent. It's in ACL's interests to take the three year rent. Thats still less money than SISU have wasted with the administration process we've just gone through. Even if ACL force the breaking of the lease it's still better than what is happening now
DONE!
The club start in their new stadium getting all the revenue, it's done at less cost and less harm than the current plan, you havn't had years with only a few k fans, not only did you not get relegation but perhaps you got promoted.
This is a smart and obvious plan with no downsides compared to what they are doing and numerous massive upsides. So the only explanations are SISU are stupid, or SISU are not really planning to build a stadium.
Don't get ideas above your station you are a meagre midlander
As a director of a limited company, the law says you must:
You can ask other people to manage some of these things day-to-day. For example, an accountant can manage your accounts for you - but you’re still legally responsible for them.
- try to make the company a success, using your skills, experience and judgment
- follow the company’s rules, shown in its articles of association
- make decisions for the benefit of the company, not yourself
- tell other shareholders if you might personally benefit from a transaction the company makes
- keep company records and report changes to Companies House and HM Revenue & Customs
- make sure the company’s accounts are a ‘true and fair view’ of the business’ finances
- register for Self Assessment and send a personal Self Assessment tax return every year
Did he really say that ?[/QUOTE][QUOTEWell. I reckon we will still be in admin for most of next season. Didn't ACL say that we could play at the Ricoh for no rent, just overheads, whilst in admin?
Take that deal, get the embargo lifted, players in.]
Can't be done, it has to be a long term deal of ACL are recklessly risking the business of the company and the directors are legally responsible to make it successful.
https://www.gov.uk/running-a-limited-company/directors-responsibilities
However the conduct of TF & ML with respect to certain of those points with respect to CCFC Ltd & other SBS&L Ltd group companies is questionable.
Did he really say that ?
Put yourselves in ACLs position would you give a 3 year lease to a business who owed you a million quid in rent ?Pretty sure Tim said we approached ACL to negotiate a 3 year deal, but ACL refused.
They didn't need to do this, I can't believe that SISU actually plan to build a stadium because the smart thing to do would have been.
(1) Agree the 400k deal with ACL. Ok you still arn't happy because you arn't getting certain revenues, but now your rent is much better, you haven't pissed off all your fans, you don't lose mark Robbins, perhaps you even get promoted,.
(2) Start the process of building the stadium, you're in no hurry now, your getting 11k fans each week, rent is the best it's ever been, you can do this properly, slowly and cheaply, you can continue to move your assets around over the next 4 or 5 years while you build the stadium to make liquidating limited as painless as possible.
3) You tell ACL look we have a new stadium now and we are going to break the lease, we can do that by putting the club in admin/liquidation, hurting the fans and you'll end up with say 500k. Or you can accept our compensation package of three years rent. It's in ACL's interests to take the three year rent. Thats still less money than SISU have wasted with the administration process we've just gone through. Even if ACL force the breaking of the lease it's still better than what is happening now
DONE!
The club start in their new stadium getting all the revenue, it's done at less cost and less harm than the current plan, you havn't had years with only a few k fans, not only did you not get relegation but perhaps you got promoted.
This is a smart and obvious plan with no downsides compared to what they are doing and numerous massive upsides. So the only explanations are SISU are stupid, or SISU are not really planning to build a stadium.
We are very close to the start of the season nothing is available for sale yet, apart from our players.
It seems quite evident that SISU are going to carry out their tactic of moving out and trying to break ACL.
However they seem to have left it too late to organise.
They claim the FL are stopping them from discussing ticketing prices transport options etc.
This is imperative for them to be able sell the idea.
Would it not make more sense for them to be in the Ricoh for one more year whilst they arrange their plans more professionally.
This would allow them time to possibly find a more practical and fans friendly ground. It would also give them time to have more fans forums and put their argument across with an actual plan in place. As oppose to having forums with no stadium agreed and not been allowed to discuss the incentives.
It would also allow a year in which they can buy their plot of land and see how getting planning permission goes. If it all goes Pete tong at least by then the Ricoh may still be an option.
The disadvantage for SISU is they want to try and start breaking ACL straight away.
The advantage for ACL is they now know SISU are serious enough to go as far as a ridiculous ground share and probably buying some land.
Another year would give ACL time to prepare from when CCFC moved out.
Probably unlikely now but it strikes me it is better for both sides to do one more year.
are we secretly building this stadium? Would ACL offer such a rent deal if we were planning to leave the Ricoh in four or five seasons time?
Put yourselves in ACLs position would you give a 3 year lease to a business who owed you a million quid in rent ?
.....If they are the only real prospective tenant and ACL stand to lose further contracts (Compass) & monies due to the collapse in other business (Casino).........:thinking about:
are we secretly building this stadium? Would ACL offer such a rent deal if we were planning to leave the Ricoh in four or five seasons time?
Is this the same deal that is for while CCFC Ltd is only in Admin?
So basically Dong you are pinning your hopes on CCFC being in Admin for the whole season..
So it seems most of you feel that SISU's current stance is a bluff?
You think they would go through all this process as a bluff tactic to simply distress ACL?
I think it's time to realise they may have drawn a line in the sand and intend to carry out their objective.
Guess we will find out soon enough.....we have to play somewhere come August!
So it seems most of you feel that SISU's current stance is a bluff?
You think they would go through all this process as a bluff tactic to simply distress ACL?
I think it's time to realise they may have drawn a line in the sand and intend to carry out their objective.
Guess we will find out soon enough.....we have to play somewhere come August!
Huh? I'm saying back when ACL gave their final offer and said we arn't willing to negotiate further, even if SISU felt this was unacceptable and wanted to build a new stadium they should have taken the deal. With the deal in place they had somewhere to play that is financially massively massively more preferable to playing outside the city while they built the stadium. Once the stadium was ready they could do what they have done now with administration or more preferably give ACL a compensation package of three years rent to break the lease.
I still don't think we could happily play in the Ricoh for the next few seasons whilst building a new ground elsewhere in the city.
Why? what options would ACL have?
Pretty sure Tim said we approached ACL to negotiate a 3 year deal, but ACL refused.
It is laughable thinking in anyway shape or form the club is going to do well away from coventry! All those coming out of the wooidwork saying if they do x or y then they can make it work is BS. Those that are (must be sisu plants) have to assume that the same crowds city get now will get the same at any new stadium. But it is common sense that the crowds are just not going to be anywhere near what they have been, and as such you have to reduce this part of the equation!
There is not a cat in hells chance of any new stadium being built in the city. There simply is no business case, so it would have to be on the outskirts. There is a reason why coventry is the size it is, because on the outskirts it is all greenbelt! Anyone wanting a stadium is going to have to go through governmental approval. You only have to look at the outrage and difficulties Bagington had, and they didn't have to build that much infrasturcture! A new stadium is just going to be a red rag to a bull.
So you then have to look at building even further out of the city. So even if you assume the FL are utterly spineless, you then have the unpalatable truth that you are going to lose around 90% of the current fans. With the club more than likely in league 2 by then how can they possibly argue they need a stadium larger than 8,000 - you will struggle to justify the bare minimum!
So even if you give every benefit of the doubt that everything goes sisu's way, you are looking at a club stable in league 2 / BSN. Do they really think they are going to get crowds anywhwere near what they get now? Outside coventry, league 2 with a ground not much larger than Hinkley!
Sure they will get all the food & drink, but 10% of a lot is far better than 100% FA which is what sisu will get!
I have no doubt sisu might win this, buy it is a purely phyrric victory, as they will have successfully alienated pretty much the entire fanbase, a stadium that even filled each week will give far less income than at the ricoh, and effectively an utterly toxic brand!
Certainly I cannot think of anything more abhorrent than allowing to play at the ricoh for a year allowing these people to go ahead with their plans to ruin the club!
It wouldn't surprise me if even at this stage sisu will try and thrash out a deal with ACL. After all in the scheme of things what is £100k. Certainly sisu wont give 2 hoots that they mess around NT, FFS they don't give a damn if they mess around the club they supposedly own!
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