The RICOH was an Olympic venue, I wouldn't be surprised if they made 1m profit without paying rent, however, the years after will make an interesting reading.
More evidence they are profiteering and the fans expense. Still in the words of valiant most will bend over and take it time and time again.
Who do they pay rent to? They are the leaseholders!
How about the concerts, Olympics and all the other sreams. That they manage so much better than our owners ever could.
Who do they pay rent to? They are the leaseholders!
Do we,(when we) pay for it, pay for it for the whole year?
Obviously not privy to any agreements, but is it for so many days use a year we pay for?
If not, should we be entitled to any share in revenue from other events or a large discount?
PWKH would have the details i'm sure.
SBT ....... year end for ACL is 31/05/12 the Olympics were after that and will be in next years accounts....... so that might soften any bad debt in the last 12 months.
othe stuff
The accounts are confirmed as at company house but not yet available to download
So assertions of profit, ripping off etc are as yet wide of the mark............. there may well be very good reasons why ACL make a surplus that have nothing to do with CCFC.
have said, for literally years, that CCFC should have the football club income streams .......... just got to buy back what they have already had hard cash for. There are no free lunches in business. Those income streams could have been repurchased for relatively modest amounts years ago but CCFC, its board and owners chose not to.
The RICOH was an Olympic venue, I wouldn't be surprised if they made 1m profit without payment of rent due from CCFC, however, the years after will make an interesting reading.
Have to admit, I feel annoyed because our club could be having a piece of the action!
A lot if other clubs at council built stadiums seem to have had a lot cheaper lunches though don't they?
AbsolutelyAlways a price in one way or another, you know that as well as i do
but the main point is that they could have bought back what they sold and gained the benefit from it............ didnt actually need to own the stadium or its lease to do that. Yes the rent is too high but there were other options and ways of getting something better. Even ways to gain income streams where an earn out deal could have been structured so no up front payment. Far from being a situation where income streams have been denied, the truth is the owners have screwed up from day one, the previous owners were no better. But I guess it is everyone elses fault again
Financially I have very little any sympathy for the owners.............. my sympathy is with the club and above all its supporters
£1 mil profit, from the year we were paying rent though.
£1 mil profit, from the year we were paying rent though.
Do we,(when we) pay for it, pay for it for the whole year? </p>
<p> </p>
<p>Obviously not privy to any agreements, but is it for so many days use a year we pay for?</p>
<p> </p>
<p>If not, should we be entitled to any share in revenue from other events or a large discount?</p>
<p> </p>
<p>PWKH would have the details i'm sure.
I have previously posted that I couldn't undestand why ACL didn't make a profit cos conferences etc looked like a goldmine. But those saying ACL have got their act together look like they're being proved right. I'm not sure where this leaves TF's comments about ACL nor the argument that ACL can't survive without CCFC
<p>
Had a competitive Ccfc game conflicted with an Olympic game then the ccfc game would have got priority.
Given the Olympics is a summer event so what -- or are they bidding to do Curling there now?
How much is the Ricoh and other associated sponsorhip deals worth? Once the club leaves those deals will be cancelled.
If they had taken up the offer of buying the 50% stake, they would have had it. Wasn't that a big part of their plan when they took over
Don't think any of us on here truly know PWKH. And you can only give one side of the story too (not that we don't appreciate that of course).
What on earth makes you think that a company would not want the naming rights of a successful exhibition and concert space? The LG arena, O2 arena, whatever the Manchester one is called(used to be the GMex?). Your view of the value of a third division football club way over the top! ACL it would appear are a successful business without the football club but of course it's owners should just give it away to a bunch who have a track record that frankly does not add up to too much scrutiny. As stated elsewhere it is fans of the club that are suffering for years of poor management.How much is the Ricoh and other associated sponsorhip deals worth? Once the club leaves those deals will be cancelled.
You write as though you have seen the contracts. You are speculating. It would be more honest if you were to admit that most of what you say is stabbing in the dark, with a chance that you will be correct some of the time. This is another one of those times when you are wrong.
So just so i have this straight before we actually see any figures ..........
If ACL make a loss then it is a failing business ........... (TF words............. how accurate his "failing company would seem to be huh)
If ACL make a small profit say £500k it is under achieving and could be run better by someone else and should never be owned by a council an/or charity ........ ( words of one s linnell paraphrased yet they continue to make profit)
if ACL make profits over say £1m they are ripping the club off and couldnt have done primarily without the club............ (see various posts on SBT)
So what ever they do they are wrong and deserve no credit :thinking about:
Please correct me if I have misunderstood.
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