another Les Reid article (1 Viewer)
- Thread starter torchomatic
- Start date
NorthernWisdom
Well-Known Member
Going out on a Limb this time.
SkyBlue_Bear83
Well-Known Member
He said: "Sports companies get money from three areas - TV, money from fans, and commercial income.
"Commercial income is being effectively taken over by Wasps.
"There's an analogy with Stockport County Football Club which rented its stadium from Sale Sharks (rugby). Stockport County have dropped to one league below the conference. There is no way up for them.
"This is what I fear for Coventry City. Unless you have a benefactor or you get lucky with a squad of players which I don't think Coventry currently has, there is no way up."
"Commercial income is being effectively taken over by Wasps.
"There's an analogy with Stockport County Football Club which rented its stadium from Sale Sharks (rugby). Stockport County have dropped to one league below the conference. There is no way up for them.
"This is what I fear for Coventry City. Unless you have a benefactor or you get lucky with a squad of players which I don't think Coventry currently has, there is no way up."
The Gentleman
Well-Known Member
Do you ever buy the Telegraph?
SkyBlue_Bear83
Well-Known Member
London Wasps Holdings Limited's £22million of reported outstanding loans include to a Maltese parent company and owner Derek Richardson.
The debt is on top of the £13.4million owed to the council by the now Wasps owned Arena Coventry Limited.
The debt is on top of the £13.4million owed to the council by the now Wasps owned Arena Coventry Limited.
Sky Blue Kid
Well-Known Member
@ Torchy...What is it with you and any bit of shit you can find against CCC or Wasps? I'd take a trip to you local GP if I were you. something seriously wrong with your bitter hatred anything CCC/Wasps.
Sky Blue Kid
Well-Known Member
@ Torchy....Putting banter aside for a minute, you're heading for a dark place mate, been there done that got the DVD.
torchomatic
Well-Known Member
torchomatic
Well-Known Member
I've just posted a link you fool. Nothing more. I post loads of links as do others.
NorthernWisdom
Well-Known Member
My free post is very strange recently; copies of the Observer, and some strange glossy magazine telling me how great Anne Lucas and co. are!
Monkeyface
Well-Known Member
To be fair to Torch he has only shared a news article... He hasn't actually wrote the story.
lapsed_skyblue
Well-Known Member
Wasps have £22 million + £14.3 million of ACL debt. They have a long term lease on an asset.
CCFC is a subsidiary of a company with £40+ million of debt and no significant assets.
So, if SISU had bought the Ricoh on similar terms as Wasps it would be fairly easy to amend this article with a bit of find and replace editing wouldn't it?
CCFC is a subsidiary of a company with £40+ million of debt and no significant assets.
So, if SISU had bought the Ricoh on similar terms as Wasps it would be fairly easy to amend this article with a bit of find and replace editing wouldn't it?
SkyBlue_Bear83
Well-Known Member
It's not as if he wrote the article is it, he just posted it because it about CCFC and gives a different perspective to the situation. Just because you don't agree with and the article may be unpopular, others it may be of interest to.
torchomatic
Well-Known Member
skybluetony176
Well-Known Member
I think LR is applauding the council for selling to wasps instead of the even more in debt ridden CCFC. Strange stance for Les. I really didn't see this coming.
NorthernWisdom
Well-Known Member
Not only gutted my weak attempt at a pun passes without likes, but also mildly surprised nobody's cutting down Mr. Limb's credentials as we speak
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SkyBlue_Bear83
Well-Known Member
Aside from that it also makes some telling points about how the club gets virtually 0 commercial income from the Ricoh and how renting off a rugby club finished off Stockport and how under the current arrangement there is no way up for the club in the opinion of a football finance expert.
torchomatic
Well-Known Member
Unfortunately for you and your pun, i posted the link so for those two that's all that matters.
Not only gutted my weak attempt at a pub passes without likes, but also mildly surprised nobody's cutting down Mr. Limb's credentials as we speak
Astute
Well-Known Member
It is of interest. But it is as much use as an article would be if it was praising CCC for selling to Wasps.
Sky Blue Kid
Well-Known Member
That's right you do Torchy, only it's ALL anti CCC/Wasps links mate. You go out of your way looking for them. Just for "Balance" why don't you go out of your way to find some anti SISU/Otium shit for a change shouldn't be too hard eh?
torchomatic
Well-Known Member
No it's not his usual "style" so obviously gent and sbk slagged me off before even reading it.
Hobo
Well-Known Member
But owners, the Sisu group of companies, have pledged to keep funding the club for the next 12 months.
Read more: Coventry council Ricoh deal questioned after Wasps reveal £22m debt | Coventry Observer
this is the key bit for me....is that a commitment to a new stadium? Is that why Tony Mowbray has a contract only until the end of the season? Does it explain why as soon as they get an offer of cash on a promising player they cash them in, rather than build for the future?
Read more: Coventry council Ricoh deal questioned after Wasps reveal £22m debt | Coventry Observer
this is the key bit for me....is that a commitment to a new stadium? Is that why Tony Mowbray has a contract only until the end of the season? Does it explain why as soon as they get an offer of cash on a promising player they cash them in, rather than build for the future?
Astute
Well-Known Member
The commitment to our club seems to be whilst the ongoing litigation continues. As I have said before I think it might be Mowbray that wants to see a bit of commitment towards the squad for next season before he signs a longer contract.
Sky Blue Kid
Well-Known Member
@ Torchy....Of course I've read the magnificent Les Reid article. Plenty of Wasps/CCC bashing but fuck all SISU/Otium bashing eh? No mention of the "Missing Millions" as that being suggested by "The Sky Blue Trust" Just for balance eh Torchy!
torchomatic
Well-Known Member
I think you should look at the other links I've posted.
That's right you do Torchy, only it's ALL anti CCC/Wasps links mate. You go out of your way looking for them. Just for "Balance" why don't you go out of your way to find some anti SISU/Otium shit for a change shouldn't be too hard eh?
Astute
Well-Known Member
Covcraig@bury
Well-Known Member
skybluetony176
Well-Known Member
Yep. Basically there is no way out of this hole with SISU. Another strange stance from Les I didn't see coming.
Kingokings204
Well-Known Member
Anything new in this article or have I missed something?
Seems to be as pointless and as fruitless as the other 20 articles from mr Reid I have unfortunately lost time reading.
Seems to be as pointless and as fruitless as the other 20 articles from mr Reid I have unfortunately lost time reading.
Hobo
Well-Known Member
It doesn't matter whether it is a lack of commitment by SISU or Tony Mowbray re the contract, that lack of commitment signals the tenuous circumstances around our club and raises doubts about our longevity.
skybluetony176
Well-Known Member
Astute
Well-Known Member
Not so sure. They could have kept SP. They didn't. They got Mowbray. He won't be a free signing. They only have to guarantee 12 months at a time. Just like they have done previously.
Ian1779
Well-Known Member
To be fair the Trust struggle to manage their own accounts with all those pounds they have.... people in glass houses and all that.
J
Jack Griffin
Guest
Think you just trebled the amount of hits on that site by posting that link here.
http://www.alexa.com/siteinfo/skybluestalk.co.uk UK rank 18,528
http://www.alexa.com/siteinfo/coventryobserver.co.uk UK rank 76,450
http://www.alexa.com/siteinfo/coventrytelegraph.net UK rank 3,097
