just to add to that, at the beginning of the year it was all about F & B and car parking, now its all about the freehold that the club doesn't need (just to be clear, WE NEED THE LEASEHOLD FOR REVENUE ACCESS & NOTHING MORE).
presumably the F & B line was about winning hearts and minds before holding the club to ransom in Northampton and revealing what they wanted all along.
Completely agree if I remember correctly were we not told sisu left due to the fact the rent was too high? So what all the people saying the cards are in the council hands are accepting sisu's lies and justifying there actions. As a tax payer on all levels I agree, the asset that is the Ricoh is worth more too us as a community asset than any amounts off money a faceless offshore hedge fund could offer.don't care anymore just don't sell freehold its worth more to the people of cov than what SISU want to pay
Right so it's ok for the owners to own the stadium but then rent it back to the football club (as sisu have already stated they would do) and most likely in the process rack lots off debt up in the process for there gain?In the long-term the Club or it's Owners must own and run the stadium with access to ALL revenue streams, renting is not an option!
Northampton is temporary one way or the other! LOL
Keep hearing renting is not an option .......... so why is it not an option ?
ACL effectively rent the place (they paid rent up front as a premium) and they own ALL the income from the site. I would suspect they would be more than happy to extend the lease to 99 or more years and never own the freehold.
What that means is CCFC would have to control ACL to get control of ALL the income streams, with a long lease you get to control site development too
So why wouldnt that work for CCFC also ? why must they own the freehold?
Completely agree if I remember correctly were we not told sisu left due to the fact the rent was too high? So what all the people saying the cards are in the council hands are accepting sisu's lies and justifying there actions. As a tax payer on all levels I agree, the asset that is the Ricoh is worth more too us as a community asset than any amounts off money a faceless offshore hedge fund could offer.
It is all well and good her saying that, but on what terms? So many people are now listening to every word she says but when the Marlon King saga happened some (not all people) were slating her.
Keep hearing renting is not an option .......... so why is it not an option ?
ACL effectively rent the place (they paid rent up front as a premium) and they own ALL the income from the site. I would suspect they would be more than happy to extend the lease to 99 or more years and never own the freehold.
What that means is CCFC would have to control ACL to get control of ALL the income streams, with a long lease you get to control site development too
So why wouldnt that work for CCFC also ? why must they own the freehold?
Yes white, I believe that was the case, along with a cut in the pie money. So a rent free option would certainly blow that argument out - they'd have to pay match day costs (policing, stewarding etc) weather they play at the Ricoh, Sixfields, HR2, so that shouldn't be a factor. If they want a cut of the pie money, they have to buy into ACL or the Higgs, they can't just be given that too.
I don't believe the council/ACL have been entirely fair to CCFC over the years, but they are the only ones currently making concessions and trying to offer something that is in line with other clubs who don't own their own ground. Regardless if the Ricoh is used as a community asset, its owned by the community's caretakers and they can't just give it away. Our fan base realistically is only a tenth of the number of people living in Cov, how fair is that on the rest of the ratepayers who don't like football but still have to pay for other local authority services.
If Ann Lucas wants CCFC back at the Ricoh then Ann should make clear to Sisu two things:
Firstly - Whether the Freehold of the Arena is for sale?
Secondly - At what price is the Arena Freehold for sale?
If Sisu then choose not to negotiate for a Rental Agreement (which they have already stated their not interested in) or don't feel that the value of the Arena is a fair amount and choose not to do business then by all means build a new ground or enquire about an independant valuation of the Arena Freehold.
You'll get no replies from the usual suspects as Joy hasn't answered that question so they don't know what to say. Kind of proves they have no sentient thought really.
Having been deprived of opportunities to acquire the stadium freehold, which would have enabled us to create the infrastructure in the surrounding area
Independent valuations do not come into it,if anybody wants to sell something they put their asking price on it, which,
may be negotiable within a small percentage. On the other hand if somebody wants to buy something that is not
for sale, then they must make an offer which is attractive enough for the owner to consider it.
I was going to leave it, as it's not the only reason anyway...
But the prosaic reason for freehold is as said in Seppala's interview with the CT, she can't work with the council and they can't work with her, so best to cut all ties where possible.
Now the above reason doesn't alter the fact that they still have to work with the council on things such as planning permission, but it's a perfectly reasonable and rational reason.
Of course she hasn't said that explicitly...
I was hoping the Hull chairman would offer up a reason, but he's equally enigmatic!
By that measure, if independent valuations are irrelevant, then surely that opens up the owners to their anchor tennants buggering off in order to make ACL's position untenable, and have them desperate to sell...
Not so, ACL have a viable business without sisu or CCFC. It's not black & white but I would think it very likely that sisu
if they got the freehold of the Ricoh they would liquidate CCFC.
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