CJ amongst others will then be really cross because ACL won't have gotten their money.
Whatever your opinion on this I'm sure we all agree it needs sorting ASAP, and it needs to be a deal which secures the future of both parties.
Both ACL & CCFC need to be viable so we dont end up here again in 18 months time.
thats the fans view csb but i really dont think it is going to happen the way many fans want it to. Never has been about the rent - that is just a sideshow to what is going on. Certainly isnt about pleasing the fans it never has been. This is about cold hard business and money, rent savings are a small part of it
thats the fans view csb but i really dont think it is going to happen the way many fans want it to. Never has been about the rent - that is just a sideshow to what is going on. Certainly isnt about pleasing the fans it never has been. This is about cold hard business and money, rent savings are a small part of it
difficult to say csb
- winding up order ? unlikely that any court date before end of January
- rent paid by CCFC before court date ? unlikely because i dont believe that is part of SISU's plan
- ACL ? well take £1.4m (and rising) out of any company's cashflow and it is going to hurt a lot - and it is the cashflow that is causing the damage not the loss of profit. Their bank will put pressure on them to settle and other things - but can they if SISU wont settle the rent? Any action they take will be criticised by a lot of fans if it is construed that it has affected team performance or the ability to sign players we want
- attitudes? will harden amongst the fans but also amongst the Council, from what I gather SISU's attitude has brought all sides of the Council together in a manner that rarely happens. SISU's attitude wont change, they remain hard nosed money people
- Team ? will do well for now but if unable to sign players then may struggle more
All results are still possible. I might have it all wrong and they settle the rent tomorrow but somehow that doesnt really fit with what has been going on. One thing is certain in my opinion it will not end amicably and a lot of bridges are being burnt. Would the Council ever trust a Company that took its investment down. Would the council ever sell the freehold or lease to SISU not being able to trust that they will continue investment in the regeneration of North Coventry - unlikely, Leopards do not change their spots.
At the moment it is all on a knife edge and I fear one if not both the club and ACL might be a casualty.
But that i have been told is me letting my imagination and conspiracy theory running away with itself. I think those who believe it is all about the rent and what is best for the club are just a little naiive - but thats just my opinion
Wouldn't it be the same with other owners that are backed by a corporation.
Wouldn't it be the same with other owners that are backed by a corporation.
Why does it have to be an issue??Its a difference of £200K. max,If Sisu Chose to remove the Arvo charge on Ryton they could mortgage it for a third time ,Why hav'nt they done that ??
At the moment it is all on a knife edge and I fear one if not both the club and ACL might well be a casualty.
But that i have been told is me letting my imagination and conspiracy theory running away with itself. I think those who believe it is all about the rent and what is best for the club are just a little naiive - but thats just my opinion
I wouldnt mind betting that TF budgeted for more than the FFP of 65% say 75 or 80% on the hope success would make it ok ...... would partly explain the haste to get rid of a manager after 3 games. I would also bet that he budgeted for a rent of £200k when he budgeted for a £3m loss this year.
When did i say there wasn't a risk to both exactly? I think you have more than once indicated that ACL could survive without ccfc. Maybe they can, maybe not. If they wind up the club we'll find out. I believe it will be bloody difficult.
Been a CCFC fan all my life last thing I want to see is my club go to the wall. But do i trust SISU to safeguard promote and secure a city of coventry asset no. Do i think the club should have the match day income yes - do they have a right to anything else no. They want anything else buy it, do a deal. I don't think sisu deserves anybody's trust. So far they only have a long trail of failures behind them. Should they manage to succeed the turn-around of the club and get it into black figures, then they have actually secured 'a city of coventry asset'. But that is still work in progress.
FFP next season in L1 is 50% so unless we do get promoted this season we have already kissed the rent saving away assuming same wage structure and similar income Yes, if we stay in league 1 the club will need to cut wages to comply with FFP regulation. Add to that a vastly reduced rent and break-even looks obtainable (probably still need some positive player trading).
The rent is the tool not the step but i guess we will have to disagree on that. For me it's a necessary step towards profitability.
I do not see why folk in general believe that CCFC or ACL sit on their hands and do not improve their operations and cost structures. ACL for example could cut out duplication of staff with Compass, rejig the loan, etc. What CCFC could do is to take all cost saving seriously not just pick and choose if they are serious about viability, biggest cost is now all football related. I don't know what ACL do or intend to do, but ccfc is hardly sitting on their hands. Ever since Ranson was ejected they have been cutting costs and the rent dispute is only the last item on a long list. But I can understand why the club put in maximum (FFP) player budget this season - 1) It's a thrust for immidiate promotion 2) It's something to give supporters hope (and at the moment we are actually enjouing it) 3) It's a sign that they have learned how vulnerable a thin squad can be ...
Sell shares at a reasonable value ?............ this isnt going to be sold at a reasonable value the only way it will change hands with SISU is at a heavily discounted distressed value - that is what it is all about! And i mean 100% not 50% of ACL A resonable price would be the price any investor would be willing to pay. And I don't think you can find many (if any) who will value the company at £12mio (Higgs want £6mio for their half I believe). Especially when you factor in the proposed rent reduction. But it's hypothetical, I don't think the shares are for sale at the moment.
We need a club that is sustainable though.
If a rent can be agreed on that causes no side to fold or be able to function properly then that can only be a good thing.
A million isn't sustainable.
Were it me, I would take the 400,000 offer and then try and re-negotiate further. As it stands at the mo it's just intransigence. Only ACL seem to have moved in the right direction here, with the 67% reduction and ten years to pay off the arrears.
I know 200,000 is the aim, but I would take the 400,000 offer and try and re-negotiate further, rather than have this High Noon stand-off.
I accept that.
We need to keep the club going though in the short term. Could we not just accept the 400,000 and see where we are in the Summer?
I mean, could be we're back in the Championship.!!
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