SlowerThanPlatt
Well-Known Member
According to the BBC 
Announcement regarding Ricoh tomorrow (1 Viewer)
- Thread starter SlowerThanPlatt
- Start date
Statement Tomorrow.
According to the BBC, a statement regarding Coventry City's future at the Ricoh Arena will be announced tomorrow.
The twenty one deadline set by Arena Coventry Limited in which City and their owners SISU must either pay the £1.1m owed rent or sort out a deal in order to avoid being wound up, passed by yesterday.
The only thing City have said on the subject in the last few days was a Christmas Statement from SISU boss Joy Seppala and a statement saying how little Doncaster Rovers pay for their 10,000 capacity Keepmoat Stadium, whilst ACL have that there has been no agreement and talks have stalled yet again.
According to the BBC, a statement regarding Coventry City's future at the Ricoh Arena will be announced tomorrow.
The twenty one deadline set by Arena Coventry Limited in which City and their owners SISU must either pay the £1.1m owed rent or sort out a deal in order to avoid being wound up, passed by yesterday.
The only thing City have said on the subject in the last few days was a Christmas Statement from SISU boss Joy Seppala and a statement saying how little Doncaster Rovers pay for their 10,000 capacity Keepmoat Stadium, whilst ACL have that there has been no agreement and talks have stalled yet again.
dongonzalos
Well-Known Member
I am guessing they have been left with no choice but apply for the winding up order
If Joy didn't see it as important enough to stick around to negotiate
If Joy didn't see it as important enough to stick around to negotiate
More then likely if she can't be bothered to make time for them they ain't going to wait around
mattylad
Member
Were leaving on a jet plane dont know when well be back again......or "given the current run of form the club finds itself in and the excellent feeling surrounding the club the council have agreed to extend the deadline until the end of this season however any stadium rent debate and back payments due will need to be paid prior to the first game of next season" or "you are the weakest link goodbye"
Pick any one of those three......
Pick any one of those three......
Sky_Blue_Vickie
New Member
I'm hoping for some good news - ever the optimist
Joy / Sisu must know the only way they are going to make any money is through promotion and success.
In past seasons I would have been more worried but I can't believe that they would have sacked thorn, made efforts to find right manager and not just cheap option in shaw, supported robins in loan market all resulting in the club being in the best position to reverse the downward trend and lift the general gloom and doom for many a year.
Why bother if not going to follow it through - could have kept thorn or shaw and just kept spiralling downwards. They seem to have learned from some of past mistakes and can't believe they want to go back to square one again. Whether sisu / joy are bothered and care about ccfc makes no difference - what they will care about is profit and currently promotion and success will give the fans and sisu what they want. Will they really throw that chance away?
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Lord_Nampil
Well-Known Member
Winding up order does it help ACL out in the long term? Short term yes I guess it would, long term I am guessing not! The one thing that could force there hand is the bank, I am guessing that is the stumbling block!!!
Lord_Nampil
Well-Known Member
Keepmoat is 15,000 seater capacity that can be raised to 20,000 if needed!
lordsummerisle
Well-Known Member
Too big for us then!
Mediation or Arbitration is needed here now ,the only way to drag them to the table by the look of it .It has to be resolved and it has to be done soon ,based on sound reasoning and the facts pertaining to this individual case ,not some pie in the sky comparisons and ever shifting goalposts.
Chrisbaker85PUSB
New Member
I thought the club was making the announcement not ACL so if that is the case it won't be about a winding up order. Beginning to think we might be leaving the Ricoh though. I hope I'm wrong.
What made you think that?:thinking about:
H
Harry Grout
Guest
Spot on Wingy, couldn't give a monkey's about Doncaster, Ipswich or anyone else. Good job MR and the team are helping to take our minds off this soap opera for the mo.
dongonzalos
Well-Known Member
According to the BBC
Is there a link or was it on telly
Chrisbaker85PUSB
New Member
SkyBlueBlood
Member
If a winding up order is issued the following will happen;
1. The bank will freeze all bank accounts.
2. Any loans / credit will become due immediately and in full.
3. The Football League will put us in a transfer embargo.
4. The Football League will issue a 10 point deduction.
So whilst the only benefit to ACL is that it draws SISU's attention there are huge negatives for CCFC and SISU. If ACL had an alternative tenant (which is not going to happen) I could see why ACL would issue the order. Even if a winding up order is issued it would then be challenged through the courts by CCFC and could drag on for a while, but don't forget the points 1 to 4 I mentioned.
My guess is that SISU will offer to pay what they think is a reasonable rent now to keep negotiations open without the winding up order. :thinking about:
1. The bank will freeze all bank accounts.
2. Any loans / credit will become due immediately and in full.
3. The Football League will put us in a transfer embargo.
4. The Football League will issue a 10 point deduction.
So whilst the only benefit to ACL is that it draws SISU's attention there are huge negatives for CCFC and SISU. If ACL had an alternative tenant (which is not going to happen) I could see why ACL would issue the order. Even if a winding up order is issued it would then be challenged through the courts by CCFC and could drag on for a while, but don't forget the points 1 to 4 I mentioned.
My guess is that SISU will offer to pay what they think is a reasonable rent now to keep negotiations open without the winding up order. :thinking about:
sky blue zam
Member
pretty sure i heard a statement from acl at the end of the breakfast show this morning saying pretty much what was in yesterdays thread.
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Grendel
Well-Known Member
We will not be issued with a 10 point penalty as we will not be in administration and will contest the order so don't talk rubbish.
Grendel
Well-Known Member
I'm sure sisu are terrified that mutton is on the case. The court costs will be born by the taxpayer.
CJparker
New Member
Mutton dressed as lamb!
ACL / CCC don't have the balls to face down SISU. If I was in their shoes, I would do everything possible to ensure immediate back-payment of all rents due, and scrap the over-generous offer already made, maybe make a second offer of 1/3 rent reduction together with an immediate winding up petition. I'd also see if there are any legal avenues for suits against private individuals (TF, Joy) or SISU directly as the controller of CCFC - some CCJs etc against their own accounts would make them sit up.
In short, I'd fight fire with fire and not get pushed around by the SISU bully-boys. CCFC have practically nowhere else to go, so no point in ACL bending over backwards to meet SISU#'s ridiculous demands.
Grendel
Well-Known Member
You wouldn't do any of the above. That costs real money so unless you put that onto the taxpayer.....
Mutton hasn't joined the "I won't go while sisu are there" by the way. Still goes to every game....
torchomatic
Well-Known Member
Ccfc1979
Well-Known Member
It's added on the end of the article saying we'll fight to compete for McGoldrick.
But which field will we be playing on . That's the problem
Grendel
Well-Known Member
The Ricoh it's free.
BackRoomRummermill
Well-Known Member
We will be playing at the Ricoh on the 1st Jan and every other game for the distant future.
Who will be owning it will be another story
Who will be owning it will be another story
Free from crowds though that's the problem . And as soon as godly goes we will be doomed on the field again
Chrisbaker85PUSB
New Member
Just my opinion but I would be really surprised if an agreement has been reached. Maybe a compromise. I have also heard rumours that ACL and CCC can't afford to take CCFC to court over this. Don't know how true that is just rumours I guess. I also read the bit about us trying everything to keep mcgoldrick and it does say announcement due tomorrow but nothing from the club or ACL.
J
Jack Griffin
Guest
Ha ha, try owing some VAT..
J
Jack Griffin
Guest
This is the leverage they are working.. FFS.. why can't people see the cynical game SWSIU are playing here!
Grendel
Well-Known Member
Who doesn't see it?
