... And ACL start making profit, which would go to their shareholders, my questions are: where will that profit go AND also, how will Coventry as a city benefit if ACL makes profit?
I personally don't see us normal folk benefitting!
... And ACL start making profit, which would go to their shareholders, my questions are: where will that profit go AND also, how will Coventry as a city benefit if ACL makes profit?
I personally don't see us normal folk benefitting!
ACL are making a profit already and those profits are ploughed back into the development of the facilities. No profits are taken out of the business by either set of owners as that is not why they have invested - the project for them is about regeneration of that area of Coventry and creation of jobs. I would have thought with your anti-capitalist views you would be applauding such altruism.
ACL are making a profit already and those profits are ploughed back into the development of the facilities. No profits are taken out of the business by either set of owners as that is not why they have invested - the project for them is about regeneration of that area of Coventry and creation of jobs. I would have thought with your anti-capitalist views you would be applauding such altruism.
I also see that ACL may lose out on the Rugby World Cup in 2015 too. Another blow to them if they eventually throw us out.
Feck orf!
ACL are taking rent off CCFC that is used to pay their lease, the lease in turn is paid to CCC who use it to pay the mortgage!
ACL & CCC keep trying to say they don't get a penny off CCFC and won't do until the loans are paid off. BULLSHxT!
If I gave you money to pay your mortgage would it count as money?
FFS!
imp:
I'd more see it as a blow to Coventry if we lose out.
Oh dear, more inane drivel, and another one to put on the 'ignore' list (along with those who don't agree with the rest of us; Grendel, Torchomatic, CovCity4Life, SBTaylor........etc etc).
Why don't some of these cretins do a little research before diving on their keyboardsOh dear, more inane drivel, and another one to put on the 'ignore' list (along with the clueless Grendel, Torchomatic, CovCity4Life, SBTaylor........etc etc).
I feel you are a trifle confused. The question was about profit - profit is the amount of money you have left from the money you receive from your clients (including CCFC) after you have paid all your expenses (including your mortage/loan) - this profit is then either given to the owners of a company as divided or used to improve the business. ACL's owners do not take a divided, the profits are put back into the business to improve it and allow it to grow. If you don't believe me I suggest you contact companies house where you will be able to download a copy of the accounts ACL filed last week.
Also I have never seen any quotes from ACL stating they don't get a penny off CCFC (even with the rent strike they are receiving match day fees) and certainly don't see any correlation between not receiving money from CCFC and the loans being paid off.
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