diggerdaley
New Member
What do the ACL critics consider to be a fair rent to play at the Ricoh, considering the construction costs were £113 mil. according to Wikki ? :blue:
<p>The final cost was £118m. But that is the cost of the entire project more than half of which has nothing to do with the FC. casino, hotel, exhibition space etc. We only pay rent for the stadium and then only on a per event basis for 25 time slots of 12 hours. Its very difficult to value but £1.5m was daylight robbery! And taking the piss!</p>
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<p><img src="http://www.skybluestalk.co.uk/images/smilies/icon_razz.gif" border="0" alt="" title="" smilieid="5" class="inlineimg" />imo:</p>
Sorry - missed the reports of ACL directors holding guns to the heads of McGinity and Richardson, forcing them to sign under duress.
How come it took SISU so long to work out the rent was so high. Poor due diligence? Unlike them to not notice for five years. I thought they were business people.
'25 time slots of 12 hours' restricts ACL's earning potential - imagine how many more concerts could be put on if the restrictions on keeping the playing surface to the required standard were removed? Using your argument, I only 'live' in my house between 7pm and 9am. I need a rent rebate - its too high.
Sorry - missed the reports of ACL directors holding guns to the heads of McGinity and Richardson, forcing them to sign under duress.
How come it took SISU so long to work out the rent was so high. Poor due diligence? Unlike them to not notice for five years. I thought they were business people.
'25 time slots of 12 hours' restricts ACL's earning potential - imagine how many more concerts could be put on if the restrictions on keeping the playing surface to the required standard were removed? Using your argument, I only 'live' in my house between 7pm and 9am. I need a rent rebate - its too high.
What do the ACL critics consider to be a fair rent to play at the Ricoh, considering the construction costs were £113 mil. according to Wikki ? :blue:
Sorry - missed the reports of ACL directors holding guns to the heads of McGinity and Richardson, forcing them to sign under duress.
How come it took SISU so long to work out the rent was so high. Poor due diligence? Unlike them to not notice for five years. I thought they were business people.
'25 time slots of 12 hours' restricts ACL's earning potential - imagine how many more concerts could be put on if the restrictions on keeping the playing surface to the required standard were removed? Using your argument, I only 'live' in my house between 7pm and 9am. I need a rent rebate - its too high.
This is complete tripe. It didn't cost that and ACL spent nothing like that on it after the sale to Tescos.
What is really disturbing is why the question is asked. The answer is as little as you can get away with.
This is complete tripe. It didn't cost that and ACL spent nothing like that on it after the sale to Tescos.
What is really disturbing is why the question is asked. The answer is as little as you can get away with.
No more concerts would be played - look at the schedules - major concerts are limited in number anyway. For you the house analogy is pure lameness.
<br />What do the ACL critics consider to be a fair rent to play at the Ricoh, considering the construction costs were £113 mil. according to Wikki ? <img src="images/smilies/blue.gif" border="0" alt="" title="Blue" smilieid="60" class="inlineimg" />
It's not the rent as such but more the income streams that was the stumbling block
What did it cost then? Ive seen a report that confirms £113m. Can you post a link to back up your costs, as very interested to see an alternative reports.
If i sell land to Tesco, when does that become my money to invest where ever I like? Will it always be Tesco's money.? If thats the case, when I go to Tesco am I actually spending my bosses money and not mine. If so, my boss has a serious drink problem and should stop smoking too...
Bradford City pay about £370k per annum for a 25000 seater stadium (tbh construction costs are irrelevant). That rent has hampered us in L2, in L1 it's sustainable and if we ever hit the PL again, it would be peanuts.
Current owner has taken us from the PL and owing our own ground to 6 seasons in L2 and somebody else (Flamingo Land Theme Park) owning it. One promotion and you'd think the sun shone out of his arse! Football fans eh?
Our problem comes from the arrogance of both former and current directors/owners. It never occurred to any of them we weren't destined to go anywhere but up. SISU should have noticed that the contract contained no clauses that allowed for rebates for relegation when taking over. There was a period of due diligence which they too overlooked the issue.
Grendall/Grego.
Do you think if ACL owned the club and SISU owned the Ricoh, that SISU would alter the rent agreement for relegation? If you do, would you care to show me examples where they have acted in a similar way with distressed companies.
Grego - there are several questions in there. Id love to hear your counter-argument.
How many were played last year? What number is the venue restricted to and why?
To suggest that the club only use ther stadium '25 time slots of 12 hours' is pretty lame. Hence my reply.
How many were played last year? What number is the venue restricted to and why?
To suggest that the club only use ther stadium '25 time slots of 12 hours' is pretty lame. Hence my reply.
Sqirriol, since you have asked so nicely I will expand my reply,
- The original deal was signed by previous owners but intended to be for a limited time - they had a buy-back deal on a half interest in ACL
- I believe SISU have been trying to get the rent reduced since their original purchase.
- I take your point that the pitch has to be maintained throughout the year, however I think you will find that CCFC had responsibility for this.
- Whatever the rent is it is only acceptable if those paying it don't think they could build something better for the same price as the rent.
imp:
ACL do not own the Ricoh.
It only has no atmosphere because the team have been doing so badly.
The no atmosphere IS a lame excuse I feel.
The Ricoh has only known failure on the pitch and nothing else. It can only be truly judged when we have a winning team out there.
Not just the rent but the Club (CCFC) must receive ALL revenue streams if we're going to compete and survive.
The rent should be geared to the Division the 'City's' Club play in ie. Division 2 - £50,000, Division 1 - £175,000 - Championship £450,000 - Premiership - £1:5 MILLION - Europe - £2:5 million approximately but I stress the Club must receive ALL revenue streams.
(To quote Ray Ranson, Paul Fletcher & Mark Robins to name just three, although I could quote many, many more.)
Good point. For clarity then.
Do you think if ACL owned the club and SISU owned the lease from the council on the Ricoh, and that SISU would alter the rent agreement for relegation? If you do, would you care to show me examples where they have acted in a similar way with distressed companies.
The team were actually doing very well last year despite a stuttering start and we still had a good chance of reaching the playoffs until Leon Clarke dropped out.
I am sure that the administration would have been averted if Clarke had remained fit and we still had that chance of the playoffs,
I would like the Ricoh - if we could call it home but NO league one side could expect to fill a PL stadium and the fact is because it is less than half full it is not ideal.
The concept of a smaller stadium that we can fill now and expand as success takes us forward is sound.
If ACL want us to continue playing there FINE! but they must make it an attractive proposition and make concessions.
£400k on a per event basis just doesn't cut it. I agree with Joy on that one, that at that rate I would sooner build my own home!
50 year lease at £400k = £20m
pay rent = get nothing v build stadium financed over 50 years = own stadium then rent free + all income streams!
I can see how she sees it!
imp:
'I am sure that the administration would have been averted if Clarke had remained fit and we still had that chance of the playoffs'.The team were actually doing very well last year despite a stuttering start and we still had a good chance of reaching the playoffs until Leon Clarke dropped out.
I am sure that the administration would have been averted if Clarke had remained fit and we still had that chance of the playoffs,
50 year lease at £400k = £20m
pay rent = get nothing v build stadium financed over 50 years = own stadium then rent free + all income streams!
Not sure how we find a smaller stadium that we can fill - are then successful, and suddenly expand it - how?
Off the top of my head, can't think of many stadia (except the likes of Newcastle and Man Utd - i.e all top notch stadia) where this has been done - needs serious money. Most of the 'little' ones just hire a few bolt on seats when a 'big' club comes to town. Expand, please (unless you are on about filling Sixfields, being successful and moving on to a bigger TF/Joy stadium - in which case, lay off the White Lightning)
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