American property tycoon will move to buy Coventry if club slides into administration (1 Viewer)

mattylad · Mar 19, 2013

My only concern with any new owner would be that any deal is to the benefit of ACL in terms of development around the ground but of no benefit to CCFC.

Consider that the amount CCFC have to pay for the Higgs share is based partly on the value ACL place upon itself and consider that the value will increase significantly as further development occurs around the stadium.
CCFC need a guarantee from the off that either the CCC will agree to the sale of the 50% share on day 1 of new ownership or that purchase within an agreed time frame of lets say 6 to 18 months will take the ACL value as being that of the company on day 1 and not include any development post that point by the new CCFC owner.

Otherwise we will continue to swell the ACL coffers with no direct benefit to the club.

Colonel Mustard · Mar 19, 2013

davebart said:
Would anyone describe CCFC as a blue chip team?

I would expect Jan to exclaim "We're not a blue chip team with global reach. We're a club!" at any forum with Mr Haskell.

Jack Griffin · Mar 19, 2013

We're a Sky Blue team with some fans who carry a chip on their shoulder.

AFCCOVENTRY · Mar 19, 2013

SkyblueBazza said:
FFP rules mean nobody can just walk in & spend, spend spend...that's part of the problem. SISU's argument for rent reductions, & buy-in to the stadium is to increase revenues so they have more to invest on the playing side. The greater the revenue the greater the sum you can invest in te playing side. Whether or how much of it would go into the playing side is another issue mind you.

True... Income revenue streams must match the player wages etc...

However...

It means we have money to buy players. That wi be a huge bonus. We can spend £1m on a player as long as the wage budget is in line with income.

AFCCOVENTRY · Mar 19, 2013

smouch1975 said:
Lads. Five pages without Jaguar Cheerleaders. How can you expect folk to keep reading?

You don't even get girls looking like that in Coventry...

AFCCOVENTRY · Mar 19, 2013

scroobiustom said:
Preston Haskell IV was linked with Leeds - never happened....something to consider

Because he was outbid...

That's something to consider as well...

Jack Griffin · Mar 19, 2013

The FFP linkage of wages as a percentage of turnover is only in league one & two. The rules for the championship are very different & allow much greater expenditures.

The Championship

Financial Fair Play in the Championship will see the introduction of a breakeven model based on UEFA Financial Fair Play Regulations. It will require clubs to stay within pre-defined limits on losses and shareholder equity investment that will reduce significantly over the next five seasons.

The new system will require clubs to provide annual accounts to The Football League by December 1 every year, covering the previous season/financial year. Using this information a 'Fair Play Result' will be determined for each club that will equate to the club's profit/loss for the year, excluding investment in specific areas of club infrastructure or losses in certain extraordinary circumstances.

In order to comply with the Financial Fair Play regulations each club is required to demonstrate a Fair Play Result that is either:

a) nil or greater.

or:

b) A loss of less than the permitted level of acceptable deviation and shareholder equity investment for the season in question.

The permitted level of acceptable deviation and shareholder equity investment will reduce over time from £4m and £8m respectively in 2011/12 to £2m and £3m by 2015/16.

The Football League will establish a Financial Fair Play Panel, led by its Chairman, to consider any challenges by clubs to the determination of the Fair Play Result.

What counts towards the Fair Play Result?

The Fair Play Result is based on the club's profit or loss before tax with the exception of:

• Investment in Youth Development (as defined in the Elite Player Performance Plan)
• The profit affecting element of the purchase, sale and depreciation of fixed assets excluding players (e.g. a club's stadium)
• Investment in a club's Community Scheme
• Promotion related bonus payments

A club is also entitled to apply to the Financial Fair Play Panel to have certain exceptional items excluded from the Financial Fair Play Result in a particular year. Such as (but not limited to):

• Career ending injury costs
• Bad debts from other clubs
• Losses sustained from a major sponsor defaulting

So basically it would be possible to lose between £2M and £5M per year, which is quite similar to what the club did while it was in the championship.

SallyCinnamon · Mar 19, 2013

After his highly publicised previous takeover flops with the Manhattan yanks and Chinese zillionaires is Old Joe having a go one more time to get back on the Board? Rumour at the Ricoh is that he is already going around offering people jobs under his new "regime". Will Gazza or Mr Coventry become chairman? Will it lead to a power struggle? Wasn't Uncle Joe chairman when he brought SISU in five years ago? Hope he gets on better with this yank than the current one.

ajsccfc · Mar 19, 2013

Was there ever any highly publicised takeover talk with the Chinese lads? It just seemed to be some pervert taping them talking in a pub.

Gynnsthetonic · Mar 19, 2013

50% share not enough only 100% which will never happen. The only way round it is to build a new stadium which would be a cheaper alternative than buying the whole ACL share

Tonylinc · Mar 19, 2013

Gynnsthetonic said:
50% share not enough only 100% which will never happen. The only way round it is to build a new stadium which would be a cheaper alternative than buying the whole ACL share

And where exactly would this new stadium be built?

Jack Griffin · Mar 19, 2013

Gynnsthetonic said:
50% share not enough only 100% which will never happen. The only way round it is to build a new stadium which would be a cheaper alternative than buying the whole ACL share

Name me one building project SISU have ever initiated?

coundonskyblue · Mar 19, 2013

Gynnsthetonic said:
50% share not enough only 100% which will never happen. The only way round it is to build a new stadium which would be a cheaper alternative than buying the whole ACL share

I didn't realise it was April 1st already.

Gynnsthetonic · Mar 19, 2013

In between Foleshil rd and Stoney Stanton Rd behind the courtalds clock tower about 1 mile out of town, cost about 30m, be cheaper than buying the Ricoh

coundonskyblue · Mar 19, 2013

Gynnsthetonic said:
In between Foleshil rd and Stoney Stanton Rd behind the courtalds clock tower about 1 mile out of town, cost about 30m, be cheaper than buying the Ricoh

Planning permission? Transport links? What other uses would it have?

Jack Griffin · Mar 19, 2013

Plans for redeveloping the old Courtaulds site have already been submitted http://www.coventrytelegraph.net/ne...site-development-in-foleshill-92746-32745059/

Do keep up!

SkyblueBazza · Mar 19, 2013

AFCCOVENTRY said:
You don't even get girls looking like that in Coventry...

I'm sure you do... Maybe just not in the places you are frequenting?

AFCCOVENTRY · Mar 19, 2013

SkyblueBazza said:
I'm sure you do... Maybe just not in the places you are frequenting?

Lol... Please point me to these places where one can gaze at such beauties!

ajsccfc · Mar 19, 2013

At Warwick there's a poledancing society. An entire society! Education's great.

SkyblueBazza · Mar 19, 2013

AFCCOVENTRY said:
Lol... Please point me to these places where one can gaze at such beauties!

If the beauty you mean is in the face... Bear in mind that these girls have probably been carefully selected for their looks, body, agility... Try the Shopping Centre on a Saturday afternoon, the gymnastics clubs, swimming pools... Look beyond the pubs & clubs... Real women!!!

AFCCOVENTRY · Mar 19, 2013

What was that cheer leading group we had at Highfield rd?

SkyblueBazza · Mar 19, 2013

AFCCOVENTRY said:
What was that cheer leading group we had at Highfield rd?

Can't remember but never had the desired impact... Copycat stuff rarely works does it?

Colonel Mustard · Mar 20, 2013

AFCCOVENTRY said:
What was that cheer leading group we had at Highfield rd?

The Crew. Always cringeworthy and uncomfortable to hear the men cheer as those girls - many, it seemed, of school age - bend over.

Mucca Mad Boys · Mar 20, 2013

Colonel Mustard said:
The Crew. Always cringeworthy and uncomfortable to hear the men cheer as those girls - many, it seemed, of school age - bend over.

I work with one of them... 1 year older than me, I'm 18, so they were around 13-16 when they did the pre-game and HT 'entertainment'...

procdoc · Mar 20, 2013

Colonel Mustard said:
The Crew. Always cringeworthy and uncomfortable to hear the men cheer as those girls - many, it seemed, of school age - bend over.

They were called the Sky Blue Belles are something before they became the Crew

procdoc · Mar 20, 2013

SkyBlue_Taylor said:
I work with one of them... 1 year older than me, I'm 18, so they were around 13-16 when they did the pre-game and HT 'entertainment'...

Your 18 yet you called me bitch and princess? Have a bit of respect for your elders

Mucca Mad Boys · Mar 20, 2013

procdoc said:
Your 18 yet you called me bitch and princess? Have a bit of respect for your elders

My 18 what?

Just to clear it up 'bitch please' is a response to something you think is stupid, in the case I said it, you said I resort to bullying tactics, which is a stupid allegation. Especially since some of the most anti-CCFC/SISU on here are in fact the most abusive posters on here (again, you know who you are). It's not literally calling you a 'bitch'.

Urban speak of today's youth.

lordsummerisle · Mar 20, 2013

Colonel Mustard said:
The Crew. Always cringeworthy and uncomfortable to hear the men cheer as those girls - many, it seemed, of school age - bend over.

They used to do their warm up routine down under the East stand at Highfield road, remember once nipping out of the game early before half-time as was dying for the loo, only to see all these scantily clad young girls doing their routine.

Bit put off by this i wondered straight into the nearest toilet only to realise after i got in there that it was the Ladies.

Walked out to see the Sky Blue Crew had all stopped and looked at me in silence as I blushed and went to the gents.

American property tycoon will move to buy Coventry if club slides into administration (1 Viewer)

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