CCFC Appoint Restructing Experts (3 Viewers)

[Grendel]

Agree, before mr got the job it leaked out that inces wage demands were too high

Ah yes please remind me the source of this "leak"

 

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[elephanttears]

<p>

Ccfc asked ACL to create that contract. The club has only itself to blame for the mess its in.

Ive no problem with the club negotiating, but to just refuse to pay is going down a dangerous path. Ccfc will get a reputation for not honouring contracts, what players will want to come here if they think the owners will just refuse to pay them if they feel they shouldn't?

The clubs credit rating will also go through the floor, making it difficult to deal with suppliers and to borrow money.

Tim Fisher needs to realise that the law isn't on his side, and go back to acl on his knees begging for a reduction.

You have a biased opinion here towards acl not sure we will get to know the reason why.

 

[valiant15]

I imagine fisher spends a fair bit of time on his knees.

 

[skyblueinBaku]

There is a bloke called Grant Jones who is tied up with Sisu and these restructuring experts. The language in his web pages goes over my head; maybe OSB could help. But it seems like they are actually getting in-house help rather than bringing in help from outside.

I don't understand why Sisu are calling in restructuring experts; I thought that was their field of expertise. I suppose that maybe they are not as good as they think, or this is just another example of posturing by smugface Fisher to add a bit more pressure to ACL?

Why is it that with every good thing that happens on the field, things take a turn for the worse off-field?

 

[coundonskyblue]

<p>

You have a biased opinion here towards acl not sure we will get to know the reason why.

Acl are a stable, well run business that doesn't lie.

Despite having a legal contract entitling them to £1.2m of rent from ccfc they offered to reduce it to £400k plus matchday income.

Acl have given this city an internationally known venue & brought us the olympics.

Acl have done everything in its power to accommodate the club but Fisher refuses to budge like a stubborn 2 year old.

Why should I dislike acl?

 

[Sky Blues]

1.2M x 25 years = 37.5M
We could almost buy the stadium twice over without even taking food, drink and parking into consideration.
ACL are robbing us blind.

You're forgetting interest. A £21million loan for 25 years at, let's say, 2% interest = £31.5million according to the calculator I used. Add in a sinking fund for repairs (I don't know ours but Swansea's was £200,000 a year I think, so I'll use that) of £5,000,000. You are at £36.5million before you even come to other expenses... If the loan was for 30 years (I don't know the terms) you can add another £2million in interest repayments... Are they really robbing us?

 

[elephanttears]

<p>

Acl are a stable, well run business that doesn't lie.

Despite having a legal contract entitling them to £1.2m of rent from ccfc they offered to reduce it to £400k plus matchday income.

Acl have given this city an internationally known venue & brought us the olympics.

Acl have done everything in its power to accommodate the club but Fisher refuses to budge like a stubborn 2 year old.

Why should I dislike acl?

You clearly do not have CCFC first and foremost on your mind sir. In an ideal world ACL will default on their mortgage payments, the Ricoh will be up for sale and as former tennants CCFC will buy the stadium which should be rightfully ours. ACL would not exist without CCFC, we can exist with you.

 

[coundonskyblue]

<p>

You clearly do not have CCFC first and foremost on your mind sir. In an ideal world ACL will default on their mortgage payments, the Ricoh will be up for sale and as former tennants CCFC will buy the stadium which should be rightfully ours. ACL would not exist without CCFC, we can exist with you.

If acl defaults there is nothing to stop the bank taking direct charge of the stadium, and if you think acl have been unreasonable then you would be in for a surprise when Yorkshire bank issue a demand for back rent.

Acl might survive without a football club, ccfc wouldn't survive without a ground.

 

[elephanttears]

<p>

If acl defaults there is nothing to stop the bank taking direct charge of the stadium, and if you think acl have been unreasonable then you would be in for a surprise when Yorkshire bank issue a demand for back rent.

Acl might survive without a football club, ccfc wouldn't survive without a ground.

The ricoh would not survive for very long without a football team so in that essence acl would not survive either. CCFC would survive and build again because the people who love it have a real passion for it. the only passion acl has is pound notes my friend.

The only people yorkshire bank could sell the ground to is CCFC.

 

[Harry Grout]

You clearly do not have CCFC first and foremost on your mind sir. In an ideal world ACL will default on their mortgage payments, the Ricoh will be up for sale and as former tennants CCFC will buy the stadium which should be rightfully ours. ACL would not exist without CCFC, we can exist with you.

How should the stadium be rightfully ours? We lost that privilege when Richardson and his cronies sold HR in the late nineties. On our arse financially ever since and very little bargaining power. The rent deal was agreed because we probably had little choice and our illustrious leaders thought Operation Premiership would solve all our problems in no time.

 

[elephanttears]

How should the stadium be rightfully ours? We lost that privilege when Richardson and his cronies sold HR in the late nineties. On our arse financially ever since and very little bargaining power. The rent deal was agreed because we probably had little choice and our illustrious leaders thought Operation Premiership would solve all our problems in no time.

The stadium of CCFC or any football club should belong to the club itself and the fans not outside companies that take from the club like locusts for financial gain. You and everything about the idea of this club being raped makes me sick. We have paid enough now and that is why i agree with the route sisu are taking. If they dont make this stand now it will go on and on forever.

 

[coundonskyblue]

<p>

The ricoh would not survive for very long without a football team so in that essence acl would not survive either. CCFC would survive and build again because the people who love it have a real passion for it. the only passion acl has is pound notes my friend.</p>
<p>&nbsp;</p>
<p>The only people yorkshire bank could sell the ground to is CCFC.

Yorkshire bank could sell to whoever they wanted.

If ccfc get locked out of the ground then they are unable to fulfill their fixtures, at which point we run the risk of being expelled from the league & the club would cease to exist.

 

[torchomatic]

And you would take "great delight" in that, no doubt?

If ccfc get locked out of the ground then they are unable to fulfill their fixtures, at which point we run the risk of being expelled from the league & the club would cease to exist.

 

[coundonskyblue]

<p>

The stadium of CCFC or any football club should belong to the club itself and the fans not outside companies that take from the club like locusts for financial gain. You and everything about the idea of this club being raped makes me sick. We have paid enough now and that is why i agree with the route sisu are taking. If they dont make this stand now it will go on and on forever.

I find it sick that a wealthy london hedge fund is effectively stealing from a childrens charity & our local democracy.

 

[elephanttears]

<p>

Yorkshire bank could sell to whoever they wanted.

If ccfc get locked out of the ground then they are unable to fulfill their fixtures, at which point we run the risk of being expelled from the league & the club would cease to exist.

Yorkshire bank would know the only people that could foreseeably run the football stadium is the club itself and it would be the only safe option. Lets not forget its a football stadium first and the last time i looked were the only one in coventry.


CCFC could ground share quite easily and fulfill its fixtures hence them already looking to do this. An so be it in my opinion. Next.

 

[coundonskyblue]

<p>

And you would take &quot;great delight&quot; in that, no doubt?

I will always support Coventry's football team.

 

[torchomatic]

Christ, I'm filling up here. Orphans and everything?

<p>

I find it sick that a wealthy london hedge fund is effectively stealing from a childrens charity & our local democracy.

 

[elephanttears]

<p>

I find it sick that a wealthy london hedge fund is effectively stealing from a childrens charity & our local democracy.

As i said before your not first and foremost a CCFC fan and this is a CCFC forum. Make your standpoint clear here?

 

[coundonskyblue]

<p>

Yorkshire bank would know the only people that could foreseeably run the football stadium is the club itself and it would be the only safe option. Lets not forget its a football stadium first and the last time i looked were the only one in coventry.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>CCFC could ground share quite easily and fulfill its fixtures hence them already looking to do this. An so be it in my opinion. Next.

Your probably right with the first bit, im just saying there's no guarantee.

As for ground sharing, where?

 

[elephanttears]

<p>

Your probably right with the first bit, im just saying there's no guarantee.

As for ground sharing, where?

Blues, Villa, Walsall, Northampton, Wolves, Baggies, Mk Dons lol, Leicester, Port Vale etc if it come to it i have no doubt many of these teams would take the financial gain from doing it.

 

[coundonskyblue]

<p>

As i said before your not first and foremost a CCFC fan and this is a CCFC forum. Make your standpoint clear here?

I would do anything in my power to help ccfc if I believed that the club was in the right.

 

[Harry Grout]

The stadium of CCFC or any football club should belong to the club itself and the fans not outside companies that take from the club like locusts for financial gain. You and everything about the idea of this club being raped makes me sick. We have paid enough now and that is why i agree with the route sisu are taking. If they dont make this stand now it will go on and on forever.

Yes, of course the stadium should belong to the Club itself.......but we sold ours years ago and have been tenants ever since. Unless we had £113M tucked away somewhere to have bought the Ricoh. 'Outside companies that take the Club like locusts for financial gain' sounds like SISU's game plan back in 2007.

We have been continually fobbed off, lied to and poorly managed financially by successive boards and owners for the last 15 years.

 

[sky blue zam]

im glad acl are in control of the ricoh from a non ccfc view. if the ricoh wasnt here or was ran by ccfc then i might not have got the chance to see olympics, england international matches heineken cup semi finals and oasis, red hot chilli peppers bonjovi and many other concerts that have been held and will be held. i do though from a ccfc view wish fisher would stop messing about, take the offer and build a good relationship with acl and maybe purchase 50% in the future.

anyways PUSB

 

[coundonskyblue]

<p>

Blues, Villa, Walsall, Northampton, Wolves, Baggies, Mk Dons lol, Leicester, Port Vale etc if it come to it i have no doubt many of these teams would take the financial gain from doing it.

And what happens when both teams have a 3pm Saturday home game?

What would be the long term plan?

 

[blueflint]

all those sisu lovers should read this we are in deep do do

 

[Wrenstreetcarpark]

The stadium of CCFC or any football club should belong to the club itself and the fans not outside companies that take from the club like locusts for financial gain. You and everything about the idea of this club being raped makes me sick. We have paid enough now and that is why i agree with the route sisu are taking. If they dont make this stand now it will go on and on forever.

So how much did CCFC pay to build the Ricoh?
£0.
So how much did CCFC pay to lease the Ricoh from the freeholder?
£0.

You say they should now pay £0 to own it. You are either Fisher with too much red wine and should shut up, or you are just plain stupid. Or both.

 

[elephanttears]

<p>

And what happens when both teams have a 3pm Saturday home game?

What would be the long term plan?

Fixtures being re-aranged is nothing new and can be sorted if we can put men on the moon we can sort football fixtures.

It wouldn't be a long term plan, it would be an interim measue until the future of the Ricoh is sorted. If we cannot have the ricoh then we would need to look for land to build a new stadium no matter how long it would take. Look where Brighton are now it is more than possible.

 

[torchomatic]

CCFC paid for the Ricoh with HR and our future stability. A price far too heavy for my liking.

So how much did CCFC pay to build the Ricoh?
£0.
So how much did CCFC pay to lease the Ricoh from the freeholder?
£0.

You say they should now pay £0 to own it. You are either Fisher with too much red wine and should shut up, or you are just plain stupid. Or both.

 

[elephanttears]

So how much did CCFC pay to build the Ricoh?
£0.
So how much did CCFC pay to lease the Ricoh from the freeholder?
£0.

You say they should now pay £0 to own it. You are either Fisher with too much red wine and should shut up, or you are just plain stupid. Or both.

Im not saying we should pay nothing, im saying we should be able to take on the mortgage outstanding and have sole ownership once completed, if we cant have this then we should look for another venue as we will never be able to compete as money will always be taken out of the club.

 

[sky blue zam]

Fixtures being re-aranged is nothing new and can be sorted if we can put men on the moon we can sort football fixtures.

It wouldn't be a long term plan, it would be an interim measue until the future of the Ricoh is sorted. If we cannot have the ricoh then we would need to look for land to build a new stadium no matter how long it would take. Look where Brighton are now it is more than possible.

think whats happening now though is that whether its late or not, acl ARE trying to help ccfc and that last offer proves it, sisu on the other hand seem to be looking after number 1

 

[Mucca Mad Boys]

think whats happening now though is that whether its late or not, acl ARE trying to help ccfc and that last offer proves it, sisu on the other hand seem to be looking after number 1

It shows they're trying to get an even better deal, looking after CCFC, 400k is still too much. You're wrong.

 

[Mr T - Sukka!]

I dont think its right that CCFC should own the Ricoh. After all they didnt pay for the construction which in total was quoted at £113 Million. The council and Higgs went 50/50.

We had our own ground and for some reason only known to the chairman and the whole board at the time all agreed to sell the ground.

What kind of arseholes were running CCFC? Different owners, different board at the time i get that, BUT you do not sell your own ground EVER!

As much as i love CCFC, they are a disaster when it comes to money and managing it, FACT!

 

[Ashdown1]

I hate these stupid hedge fund c@nts just a bit more every day. I just don't believe that they haven't got funds to agree this deal. ACL have offered them 10 years to pay the debt FFS, get on with it before our better players decide to leave if they can in January. I really believe we could be on the brink of a good and profitable second half of the season but Fisher and his cretins could actually trash it.

 

[wingy]

I hate these stupid hedge fund c@nts just a bit more every day. I just don't believe that they haven't got funds to agree this deal. ACL have offered them 10 years to pay the debt FFS, get on with it before our better players decide to leave if they can in January. I really believe we could be on the brink of a good and profitable second half of the season but Fisher and his cretins could actually trash it.

They trashed us 18 moonths ago.

 

[Ashdown1]

It shows they're trying to get an even better deal, looking after CCFC, 400k is still too much. You're wrong.

Utter bollox, they don't give a shiny shite about CCFC, don't kid yourself.