torchomatic
Well-Known Member
Mar 1999: Club agrees to pay £330K for road improvements around new stadium. Work to start "within weeks".
Mar 1999: Traders in Nun and Bed offered £75K to "soften blow" of new arena shopping complex. Club also gives another £150K for road works, environmental work and training local people around North Coventry.
May 1999: Stadium start delayed due to gas pipe work.
July 1999: "Make better offer" say businesses. Forty Coventry businesses could face compulsory purchase orders on their premises to pave the way for the Sky Blues superstadium.So far, offers to buy land around the former Foleshill gasworks have been rejected. The owners say the deal being offered by the soccer club is not good enough.
But Coventry City FC chairman Bryan Richardson today accused them of "profiteering'' and denied the club was trying to acquire the land on the cheap.
August 1999: Work starts. Bryan Richardson said stadium would be most "technologically advanced" stadium in Europe, if not the world, with a roof, retractable pitch. It will be the largest indoor concert arena in the country. Arena 2000 would be used seven days a week.
Sept 1999: Work starts on dismantling gas towers.
Oct 1999: Search starts for naming partner.
Feb 2000: Announced that Tesco will have the largest retail outlet but will not have it's name on the stadium.
Mar 2002: CCC say banks will plug £25-£30M shortfall in Arena project.
Oct 2003: Portugese bank Banco Espirito Santo pulls out of negotiations and leaves a £21M project shortfall.
Oct 2003: CCC agree to fund £21M shortfall.
Dec 2005: Club want to renegotiate rent
Jan 2006: CCC give ACL a 5.5 month rent free deal
Jan 2006: Labour Councillor asks if in turn CCFC will get 5 and a half months rent free
Jan 2006: Revealed that CCFC started paying rent from 1/11/05 as the stadium wasn't ready in time in August 2005. Club missed out on lucrative pre-season friendly.
Feb 2006: Councillor concerned about "Arena business plan"
June 2006: ACL/CCC agree deal with Yorkshire bank for the £21M finance package.
June 2006: Taxpayers to foot half bill from £5.4M overspend on Ricoh.
July 2007: Paul Fletcher says CCC want too much for their share of the Arena putting off potential takeover from Manhattan Sports Capital Partners.
Aug 2007; Paul McGuigan said although the Council had no reason to sell its stake in the Arena it would consider an offer from anybody buying the Football Club provided they met certain criteria and were acting for the good of Coventry.
Oct 2007: Higgs say they aren't holding up any takeover of the Club. They have only had one offer for their share. That was from Manhattan who offered less than Higgs paid and wanted to pay over three years.
Nov 2007: Council leader Ken Taylor said there were four "crunch challenges" that would need to happen if anyone wanted to take on the Ricoh as well as the Club.
Oct 2011: The club open talks over Arena bid and have "positive" meeting with Higgs.
April 2012: Mutton "pours cold water" on talks over rent renegotiation.
May 2012: Tim Fisher states that all partners: CCFC, SISU, ACL, Higgs and CCC working "around the clock" to work out the best route forward.
May 2012: Ex-boss Paul Fletcher asks Council to sell the Ricoh to the club for a "fair and equitable" price.
May 2012: Stadium bosses "hit back" over claims of low profits
Aug 2012: ACL start legal action
Aug 2012: Fisher says fair rent is "north of £150K"
Oct 2012: "Gagging order" document signed by all Councillors over secret Ricoh talks is leaked to Les Reid.
Dec 2012: Councillor says ACL will have "no choice" but to wind up the Sky Blues if the rent arrears aren't paid.
Jan 2013: Council bail-out of ACL.
Jan 2013: Despite bail-out, CCFC still "look forward" to negotiating a deal with ACL and achieve a "satisfactory outcome for all parties".
Mar 1999: Traders in Nun and Bed offered £75K to "soften blow" of new arena shopping complex. Club also gives another £150K for road works, environmental work and training local people around North Coventry.
May 1999: Stadium start delayed due to gas pipe work.
July 1999: "Make better offer" say businesses. Forty Coventry businesses could face compulsory purchase orders on their premises to pave the way for the Sky Blues superstadium.So far, offers to buy land around the former Foleshill gasworks have been rejected. The owners say the deal being offered by the soccer club is not good enough.
But Coventry City FC chairman Bryan Richardson today accused them of "profiteering'' and denied the club was trying to acquire the land on the cheap.
August 1999: Work starts. Bryan Richardson said stadium would be most "technologically advanced" stadium in Europe, if not the world, with a roof, retractable pitch. It will be the largest indoor concert arena in the country. Arena 2000 would be used seven days a week.
Sept 1999: Work starts on dismantling gas towers.
Oct 1999: Search starts for naming partner.
Feb 2000: Announced that Tesco will have the largest retail outlet but will not have it's name on the stadium.
Mar 2002: CCC say banks will plug £25-£30M shortfall in Arena project.
Oct 2003: Portugese bank Banco Espirito Santo pulls out of negotiations and leaves a £21M project shortfall.
Oct 2003: CCC agree to fund £21M shortfall.
Dec 2005: Club want to renegotiate rent
Jan 2006: CCC give ACL a 5.5 month rent free deal
Jan 2006: Labour Councillor asks if in turn CCFC will get 5 and a half months rent free
Jan 2006: Revealed that CCFC started paying rent from 1/11/05 as the stadium wasn't ready in time in August 2005. Club missed out on lucrative pre-season friendly.
Feb 2006: Councillor concerned about "Arena business plan"
June 2006: ACL/CCC agree deal with Yorkshire bank for the £21M finance package.
June 2006: Taxpayers to foot half bill from £5.4M overspend on Ricoh.
July 2007: Paul Fletcher says CCC want too much for their share of the Arena putting off potential takeover from Manhattan Sports Capital Partners.
Aug 2007; Paul McGuigan said although the Council had no reason to sell its stake in the Arena it would consider an offer from anybody buying the Football Club provided they met certain criteria and were acting for the good of Coventry.
Oct 2007: Higgs say they aren't holding up any takeover of the Club. They have only had one offer for their share. That was from Manhattan who offered less than Higgs paid and wanted to pay over three years.
Nov 2007: Council leader Ken Taylor said there were four "crunch challenges" that would need to happen if anyone wanted to take on the Ricoh as well as the Club.
Oct 2011: The club open talks over Arena bid and have "positive" meeting with Higgs.
April 2012: Mutton "pours cold water" on talks over rent renegotiation.
May 2012: Tim Fisher states that all partners: CCFC, SISU, ACL, Higgs and CCC working "around the clock" to work out the best route forward.
May 2012: Ex-boss Paul Fletcher asks Council to sell the Ricoh to the club for a "fair and equitable" price.
May 2012: Stadium bosses "hit back" over claims of low profits
Aug 2012: ACL start legal action
Aug 2012: Fisher says fair rent is "north of £150K"
Oct 2012: "Gagging order" document signed by all Councillors over secret Ricoh talks is leaked to Les Reid.
Dec 2012: Councillor says ACL will have "no choice" but to wind up the Sky Blues if the rent arrears aren't paid.
Jan 2013: Council bail-out of ACL.
Jan 2013: Despite bail-out, CCFC still "look forward" to negotiating a deal with ACL and achieve a "satisfactory outcome for all parties".
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