ACLs options..... (1 Viewer)

4. Put a roof on and just do concerts
5. Sell it at market value to SISU

6: open it as a museum with covs greatest achievements

7. Stop taking advantage of our football club.

8/ Sit tight and watch SISU fail miserably.

9. Demolish and replace with state of the art Gas Holders in readiness for the new Shale Gas industry

How long can they last without the football club? They're accounts don't look bad in the short-term:

How reliant is ACL on income from the stadium?

ACL is close to being profitable without a sitting tenant in the Ricoh. The financial reports for the year to May 2012 shows an income of £7.7 million, an increase of £1.1 million on the previous year (2011, £6.6 million). The urban regeneration program that was undertaken by the City Council and the Higgs Trust has also developed a successful conference centre, offices, hotel, retail park, entertainment centre and casino, in addition to the stadium. The company made a profit of over £1 million last year, an increase of around £600,000 (2011 £470,000). If we remove the income received from the club playing in the stadium, ACL would be close to breaking even, as associated costs would also be removed. Cashflow into the company has improved, an increase of £2.6 million, assisted by the sale of the catering facilities to IEC Experience, a joint venture between ACL and Compass Contract Services UK Ltd in April 2012. This injected £4 million into the company, so the short term of future of ACL looks secure, even without the football club. Tim Fisher declared back in February 2013 that SISU

[are] not here to subsidise [ACL] a failing council-owned business

which is rather ironic when comparing the balance sheets of ACL to any of the companies in the structure behind CCFC, all of whom are carrying significant liabilities compared to ACL’s positive position. If an agreement can be negotiated between the club and ACL, would this be a newly negotiated lease effectively allowing SISU to gain access to all of the facilities, or a short-term deal to ensure the club remain in the City for the next few years? It would appear that SISU need the stadium more than ACL need the club.

Don't care what they do as long as they don't sell it to sisu

Sisu have said that a Council should not be involved in a football club as they don't know how to run it fair Comment

:blue:But a little hypocritical don't you think

letsallsingtogether said:

Don't care what they do as long as they don't sell it to sisu

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letsallsingtogether said:

Sisu have said that a Council should not be involved in a football club as they don't know how to run it fair Comment

:blue:But a little hypocritical don't you think

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Very.

The council are protecting a community asset - ownership of the stadium transcends football.

The rent should be lowered but this isn't about that. It's about having tenants that can be trusted. Maybe then they will make concessions and eventually go on to let those trusted owners also own stadium.

GinettasStickySofa said:

Very.

The council are protecting a community asset - ownership of the stadium transcends football.

The rent should be lowered but this isn't about that. It's about having tenants that can be trusted. Maybe then they will make concessions and eventually go on to let those trusted owners also own stadium.

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They dont trust Sisu? Of course they trust Sisu they have made a fantastic success of running the football club can you imagine what they could do owning the Ricoh? I suspect we would need a government bailout:facepalm:

Lease the ground to local farmers for grazing rights

OyJimmy said:

As I see it there are 3 options for ACL:
1 Sell the Ricoh cheap to SISU- wont happen in my opinion as tax payer money is at stake
2 negotiate a cheaper lease - doubt that very much
3 Buy a nearby football club/ start a new one and effectively whittle away CCFCs fan base whilst the club possible play at the Bescott

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That's the most least likely of all 3 options you've listed.

What farmers there are none left

1884 said:

Lease the ground to local farmers for grazing rights

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Actually I think first ACL will wait & see if the crowd at Walsall is shit, if it is then that makes their position stronger.

Then SISU have to buy some land & submit a plan for the clubs return to the Coventry conurbation to the FL for approval.

Hopefully they will not approve any such plan after taking soundings from the fans, though they could prove they are spineless and also ignore the fans?