CCFC Statement (1 Viewer)

stupot07 said:

We aren't in a joint venture with the council, Higgs are not us. We are tenants. Nothing stopping CCC selling off the land to regeneration companies if they are desperate for the area to be regenerated.

And ccc haven't been propping up the football club, they have been its landlord and have got an asset that cost circa £115m for nothing.

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shmmeee said:

I'm not talking about where we are, I'm talking about how we got there. The original deal was always between CCFC and CCC, that's what ACL was before the club sold their shares to Higgs. Without that deal we simply wouldn't have been able to get planning permission, or a stadium complex of that size.

We will need similar help if we're going to have similar income streams in a new stadium, similar sweeteners for planning permission.

We are viable on the 50% of ACL we had at the start surely, if not then the new stadium would have to make at least as much in football related income and half as much non-football as the Ricoh. Can you seriously imagine a 12k stadium in Warwickshire to be able to pull in the same conferences and entertainment acts as the Ricoh? It won't even be in the same ballpark.

The most sensible thing for all is for Sisu to bite the bullet, pay the £10m or so for the Higgs shares and everyone move on with their life. The alternative is that we saddle the club with either £30m in debt or Sisu as a landlord (or both) and end up at a stadium less equipped to support the club.

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