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And to think this whole situation (1 Viewer)

  • Thread starter paulw
  • Start date May 21, 2014
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paulw

New Member
  • May 21, 2014
  • #1
centered on who sold the pies and drinks at half-time. What was the name of the company who ran the refreshments at the Ricoh? Are they associated with ACL or more cynically were they in bed with one of the council or ACL staff?
 

Nick

Administrator
  • May 21, 2014
  • #2
Don't ACL own a chunk of Compass? The pie sellers?
 
O

oscillatewildly

Well-Known Member
  • May 21, 2014
  • #3
Nick said:
Don't ACL own a chunk of Compass? The pie sellers?
Click to expand...
All parties concerned in this seemingly never ending debacle need to hastily possess a 'moral compass'.
 

James Smith

Well-Known Member
  • May 21, 2014
  • #4
Nick said:
Don't ACL own a chunk of Compass? The pie sellers?
Click to expand...

Think it's part of the joint venture they own not Compass but happy to be corrected.
 

Mary_Mungo_Midge

Well-Known Member
  • May 21, 2014
  • #5
James Smith said:
Think it's part of the joint venture they own not Compass but happy to be corrected.
Click to expand...

A joint venture business with Compass owning 23% - this 'intended' to focus their minds in making it work; given their stake.

Never seemed to work when I fancied anything to eat or drink at the Ricoh though, to be frank...
 

Nick

Administrator
  • May 21, 2014
  • #6
James Smith said:
Think it's part of the joint venture they own not Compass but happy to be corrected.
Click to expand...

Same thing, sort of.
 

James Smith

Well-Known Member
  • May 21, 2014
  • #7
Nick said:
Same thing, sort of.
Click to expand...

To you and me maybe, to the lawyers and accountants possibly not.
 

jimmyhillsfanclub

Well-Known Member
  • May 21, 2014
  • #8
Compass are a massive company.....there is no way a tin-pot little business like ACL own any of it....
 
Last edited: May 21, 2014

Terry Gibson's perm

Well-Known Member
  • May 21, 2014
  • #9
We must have been selling thousands of pies the way they are going on but certainly not to me as I refused to buy from them as the club got nothing from it but I still want Sisu to go.
 

oldskyblue58

CCFC Finance Director
  • May 21, 2014
  • #10
the OP is wrong in so many ways :facepalm:
 
Last edited: May 21, 2014
D

dongonzalos

Well-Known Member
  • May 21, 2014
  • #11
The OP has started thre threads recently

Waggot is God
You can't believe the CET
All this was over pie money
 
R

RFC

Well-Known Member
  • May 21, 2014
  • #12
paulw said:
centered on who sold the pies and drinks at half-time. What was the name of the company who ran the refreshments at the Ricoh? Are they associated with ACL or more cynically were they in bed with one of the council or ACL staff?
Click to expand...


It's never ever been that simple unfortunately, if only!

It's about the Club receiving (and controlling) ALL revenue streams under the 'FIFA FFP' rules that dictate we can only spend 60% of our gross turnover on player related issues ie. transfers, wages, signing-on fees & bonuses etc. etc..

At the Ricoh the club got nothing from far too many revenue streams such as car parking, corporate events etc. not just the food & beverage money pocketed by Compass.

All 92 clubs are now affected by FIFA FFP rules and Manchester City are facing a huge fine + a reduction in their Champions League squad and in the future anyone flagrantly breaching these rules could face a domestic points deduction.

The 60% as far as the Sky Blues are concerned relates to gross turnover, it's imperative that either our club or it's owners must own it's stadium and be in control of all it's revenue streams, including food & drink.
 

Astute

Well-Known Member
  • May 21, 2014
  • #13
paulw said:
centered on who sold the pies and drinks at half-time. What was the name of the company who ran the refreshments at the Ricoh? Are they associated with ACL or more cynically were they in bed with one of the council or ACL staff?
Click to expand...

I blame it on Larry Grayson for not shutting the door.
 

hill83

Well-Known Member
  • May 21, 2014
  • #14
Mary_Mungo_Midge said:
A joint venture business with Compass owning 23% - this 'intended' to focus their minds in making it work; given their stake.

Never seemed to work when I fancied anything to eat or drink at the Ricoh though, to be frank...
Click to expand...

Never had an issue getting a beer or food. Walk to bar. Get in queue.
Buy item. Done.
 
J

Jack Griffin

Guest
  • May 21, 2014
  • #15
RFC said:
The 60% as far as the Sky Blues are concerned relates to gross turnover, it's imperative that either our club or it's owners must own it's stadium and be in control of all it's revenue streams, including food & drink.
Click to expand...

So explain why they voluntarily cut off a large proportion of the revenue streams they were benefiting from in Coventry?
 
M

martcov

Well-Known Member
  • May 21, 2014
  • #16
RFC said:
It's never ever been that simple unfortunately, if only!

It's about the Club receiving (and controlling) ALL revenue streams under the 'FIFA FFP' rules that dictate we can only spend 60% of our gross turnover on player related issues ie. transfers, wages, signing-on fees & bonuses etc. etc..

At the Ricoh the club got nothing from far too many revenue streams such as car parking, corporate events etc. not just the food & beverage money pocketed by Compass.

All 92 clubs are now affected by FIFA FFP rules and Manchester City are facing a huge fine + a reduction in their Champions League squad and in the future anyone flagrantly breaching these rules could face a domestic points deduction.

The 60% as far as the Sky Blues are concerned relates to gross turnover, it's imperative that either our club or it's owners must own it's stadium and be in control of all it's revenue streams, including food & drink.
Click to expand...

General knowledge questions for RFC:

Did our club sell the F&B rights?

Did our club have the option to buy the Higgs' share?

Can our club have the F&B rights without owning the stadium, e.g. when they lease the stadium, ( ACL get a share of the F&B and don't own the stadium )?

If the club dropped the JR, told ML to shut up and announced a willingness to negotiate with CCC to find a solution to these problems, do you think that we would have a better chance of at least talking about moving forwards?

I will enjoy a relaxed evening awaiting the answers and tell you if you're right tomorrow.
 

bigfatronssba

Well-Known Member
  • May 21, 2014
  • #17
As its all about pie money I am seriously confused.

Can someone please explain how the club ended up £60m in debt whilst at Highfield Road, despite at that time having access to the sacred goldmine of Steak and Kidney revenue?
 
M

martcov

Well-Known Member
  • May 21, 2014
  • #18
bigfatronssba said:
As its all about pie money I am seriously confused.

Can someone please explain how the club ended up £60m in debt whilst at Highfield Road, despite at that time having access to the sacred goldmine of Steak and Kidney revenue?
Click to expand...

Years ago I bought a pie with a fiver and got change for a tenner. Maybe that happened a lot.
 

italiahorse

Well-Known Member
  • May 21, 2014
  • #19
RFC said:
It's never ever been that simple unfortunately, if only!

It's about the Club receiving (and controlling) ALL revenue streams under the 'FIFA FFP' rules that dictate we can only spend 60% of our gross turnover on player related issues ie. transfers, wages, signing-on fees & bonuses etc. etc..

At the Ricoh the club got nothing from far too many revenue streams such as car parking, corporate events etc. not just the food & beverage money pocketed by Compass.

All 92 clubs are now affected by FIFA FFP rules and Manchester City are facing a huge fine + a reduction in their Champions League squad and in the future anyone flagrantly breaching these rules could face a domestic points deduction.

The 60% as far as the Sky Blues are concerned relates to gross turnover, it's imperative that either our club or it's owners must own it's stadium and be in control of all it's revenue streams, including food & drink.
Click to expand...

Didn't ACL say that the club could have the income cross accounted so it could be used for the FFP calculation.

Didn't SISU turn it down. Not saying it was conclusive but it would form the basis of part of a deal.

The more I look at several little attempts to help like this the more I realise what SISU are up to.

Negotiate, tell the truth or just Fcuk off.
 

James Smith

Well-Known Member
  • May 21, 2014
  • #20
RFC said:
It's never ever been that simple unfortunately, if only!

It's about the Club receiving (and controlling) ALL revenue streams under the 'FIFA FFP' rules that dictate we can only spend 60% of our gross turnover on player related issues ie. transfers, wages, signing-on fees & bonuses etc. etc..

At the Ricoh the club got nothing from far too many revenue streams such as car parking, corporate events etc. not just the food & beverage money pocketed by Compass.

All 92 clubs are now affected by FIFA FFP rules and Manchester City are facing a huge fine + a reduction in their Champions League squad and in the future anyone flagrantly breaching these rules could face a domestic points deduction.

The 60% as far as the Sky Blues are concerned relates to gross turnover, it's imperative that either our club or it's owners must own it's stadium and be in control of all it's revenue streams, including food & drink.
Click to expand...

Hence why we need the new stadium asap as Sisu appear unwilling to do anything else.
 
Last edited: May 21, 2014

James Smith

Well-Known Member
  • May 21, 2014
  • #21
bigfatronssba said:
As its all about pie money I am seriously confused.

Can someone please explain how the club ended up £60m in debt whilst at Highfield Road, despite at that time having access to the sacred goldmine of Steak and Kidney revenue?
Click to expand...

Two words............and the second one is Richardson
 
S

shy_tall_knight

Well-Known Member
  • May 21, 2014
  • #22
pie money although important is a bit of a red herring, to justify their current actions
 

bigfatronssba

Well-Known Member
  • May 21, 2014
  • #23
James Smith said:
Two words............and the second one is Richardson
Click to expand...

First being Kevin?

Anyway your wrong. According to several prominent forum posters and sisu, it doesn't matter how incompetent the owners are so long as they have access to pie revenue. Pies solve all the problems you see.
 
P

paulw

New Member
  • May 21, 2014
  • #24
dongonzalos said:
The OP has started thre threads recently

Waggot is God
You can't believe the CET
All this was over pie money
Click to expand...


What's your point? I try to stimulate discussion and not be negative.

I have never said Waggott is God that is your quote. I think Waggott has done a great job. I said 'hats off' to the CET. In fact the more I think of it the more I see you are an idiot. You change things to suit yourself.
 

James Smith

Well-Known Member
  • May 21, 2014
  • #25
bigfatronssba said:
First being Kevin?

Anyway your wrong. According to several prominent forum posters and sisu, it doesn't matter how incompetent the owners are so long as they have access to pie revenue. Pies solve all the problems you see.
Click to expand...

Nope not Kevin, unless he was the biggest shareholder in the club at one point.
 

Hobo

Well-Known Member
  • May 22, 2014
  • #26
I don't think it has ever been about pie money.
 

Astute

Well-Known Member
  • May 22, 2014
  • #27
It was never about the pie money. The pie money excuse came into it once the reduced rent offers came in that were seen to be a good rate.

Whilst ignoring everything that we have already gone over too many times who could say it would have been worth everything that has gone on and the income they are losing out on just to make a bit of pie money each year? Only a fool would think it was all about the pie money.
 

shmmeee

Well-Known Member
  • May 22, 2014
  • #28
James Smith said:
Nope not Kevin, unless he was the biggest shareholder in the club at one point.
Click to expand...

We were never £60m in debt when Richardson left. That's one thing I believe him on, maybe £20-30m after all the player sales and everything.

McGinnity did far worse for our finances. Blew millions on shit players, brought in crap manager after crap manager, sacked the ones that looked like they might be doing well, gave away half the Ricoh and all the pie money.

Richardson gets a bad rap, but McGinnity should be the one everyone blames.
 
K

Kingokings204

Well-Known Member
  • May 22, 2014
  • #29
No obviously it's not all about pie money at all. It's all about Ricoh on the cheap and selling on as a package to the highest bidder and never returning to Coventry ever again.

I agree pie money was only stated when reduced rent offer come in from ACL and the club had to act fast to cover up the truth on the move out.

Unfortunely it has backfired on sisu as they genuinely thought they would be getting around 6k attendances not 1-2k and this makes a massive difference over the season as funding losses is ok shirt term but funding a disaster isn't.

I don't believe they can just pile on the debts and they just get rid of them as such. It seems like ACL are struggling also though doing better than the club. But a streaking event and spiders isn't exactly big money spinners I could imagine.

Anyway top and bottom of it is there is a deal to be done to get Cov back in Cov that allows everyone to "win". Ccfc get the income streams for FFP which I understand and ACL get a little rent. The naming rights are up soon so that's big dosh and is ccfc got 50% share of ACL then solves a lot if problems.
 
M

martcov

Well-Known Member
  • May 22, 2014
  • #30
paulw said:
centered on who sold the pies and drinks at half-time. What was the name of the company who ran the refreshments at the Ricoh? Are they associated with ACL or more cynically were they in bed with one of the council or ACL staff?
Click to expand...


What's all that about? Do you have an agenda? Are you implying something with no facts to back it up? Or are you trying to start a rumour - to damage the council's or ACL's reputation?
 

shmmeee

Well-Known Member
  • May 22, 2014
  • #31
martcov said:
[/B]
What's all that about? Do you have an agenda? Are you implying something with no facts to back it up? Or are you trying to start a rumour - to damage the council's or ACL's reputation?
Click to expand...

That's the wonderful thing about propaganda, after a while the proles start doing it for you.

As fans, shouldn't we be taking Sisu for their word that ACL/Ricoh is a terrible investment and be pushing them to build this stadium that will rise us to heaven?

They're already 3 months behind the schedule set in February by my reckoning, if the project is slipping at that rate, it will literally never be completed.

Where's Garlick?
 

sky blue john

Well-Known Member
  • May 22, 2014
  • #32
RFC said:
It's never ever been that simple unfortunately, if only!

It's about the Club receiving (and controlling) ALL revenue streams under the 'FIFA FFP' rules that dictate we can only spend 60% of our gross turnover on player related issues ie. transfers, wages, signing-on fees & bonuses etc. etc..

At the Ricoh the club got nothing from far too many revenue streams such as car parking, corporate events etc. not just the food & beverage money pocketed by Compass.

All 92 clubs are now affected by FIFA FFP rules and Manchester City are facing a huge fine + a reduction in their Champions League squad and in the future anyone flagrantly breaching these rules could face a domestic points deduction.

The 60% as far as the Sky Blues are concerned relates to gross turnover, it's imperative that either our club or it's owners must own it's stadium and be in control of all it's revenue streams, including food & drink.
Click to expand...

Are you sure its not so Sisu can service Arvo's 1.8 million yearly interest charges ?
 
J

Jack Griffin

Guest
  • May 22, 2014
  • #33
When Richardson left he wrote off all the debts, the whole £32M or so. *

When SISU bought the club the only debt they had to pay was £8M, mainly to the taxman & probably some 'football debts'. They then financed the club with ~£3M injection of funds, all the additional accumulated debt is down to SISU's mismanagement. Clearly at that time they took on a few contracts that were burning money, and the rent etc., ie what they bought was "encumbered".

The total debt is now, I believe, somewhat north of £45M. Therefore the additional debt incurred is about £32M.

SISU are the organisation that have been running the club at a loss of ~£5M per annum, not Bryan Richardson, not ACL, not CCC, not Geoffrey Robnson, but SISU and SISU alone.

* OK, if the club returned to the prem in a few years he got £6M back, but that was definitely not happening after the first season SISU were in charge.
 
Last edited by a moderator: May 22, 2014

Danceswithhorses

Well-Known Member
  • May 22, 2014
  • #34
Kingokings204 said:
It seems like ACL are struggling also though doing better than the club. But a streaking event and spiders isn't exactly big money spinners I could imagine.
Click to expand...
To be fair, the only people that say ACL are struggling are SISU/Otium.
Why do we believe that, when everything else they tell us seems to be bullshit ?
Even though they are small and probably one offs, at least spider shows and streaking events pay up.
Add that to the lucrative conferences, and ACL may be doing better than SISU/Otium want everyone to think.
Unfortunately the JR means ACL are saying nowt, so we can't hear their side.
As for SISU/Otium, they must be pissing money down the drain at the moment, but hey, it's not their money, it's only their investor's cash.
Is that how they normally look after their customers ?
Well based on moving ccfc to f#*king Northampton, yes.
 
Last edited: May 22, 2014

Nick

Administrator
  • May 22, 2014
  • #35
martcov said:
[/B]
What's all that about? Do you have an agenda? Are you implying something with no facts to back it up? Or are you trying to start a rumour - to damage the council's or ACL's reputation?
Click to expand...

So you are saying acl have nothing to do with the company who does the catering etc at the ricoh?
 
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