Club Statement regarding EFL vote and stadium situation

Discussion in 'Coventry City General Chat' started by jordan210, May 26, 2019.

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  1. jordan210

    jordan210 Well-Known Member

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    NEWS: Club Statement regarding EFL vote and stadium situation

    Coventry City can confirm that the planned English Football League EGM and vote regarding the Club’s place in the EFL has now been cancelled.

    This is because the Club has met the EFL’s criteria regarding ensuring a venue for matches next season and the ability to fulfil fixtures, by now having a groundshare venue and agreement in place.

    This groundshare is in place to make sure the Club has somewhere to play in the scenario of a deal to play at the Ricoh Arena not being agreed.

    We can confirm that talks with the aim to achieve a deal to play at the Ricoh Arena are continuing between Coventry City Football Club, its owners SISU and Wasps Holdings Limited.

    Our focus and desire is to agree a deal at the Ricoh Arena - this is everyone's preferred option, and the right option for Coventry City. While the backup of a groundshare exists to ensure the future of the Football Club continues, another groundshare is not something anyone wants to happen.

    Details of the agreed groundshare and of our ongoing discussions with Wasps Holdings Limited remain confidential, due to mutually signed confidentiality agreements.

    We understand the frustration that fans are feeling, and have expressed to us, at not knowing where their Club will be playing next season, not being able to plan for next season and supporting Mark Robins and the team, and the time that this is taking.

    We will provide a further update to supporters as soon as we are able to.
     
  2. ccfcway

    ccfcway Well-Known Member

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    The good news they are communicating. Clearly shows they want to be at the Ricoh as well
     
  3. higgs

    higgs Well-Known Member

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    The longer this goes on the more damage it is doing I hope they sign a long term deal because this uncertainty with not being to sell season tickets is damaging. Fuckn pull d finger out u wasps pricks

    Sent from my SM-G930F using Tapatalk
     
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  4. CCFC72

    CCFC72 Member

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    Got to be positive that talks are still on and we are publicly saying we want to use the Ricoh. Just a shame it’s taking so long but hope we get the best result. Wasps want us as long as we play ball.
     
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  5. djr8369

    djr8369 Well-Known Member

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    Well there’s still a slim hope then. Chaos for season tickets though.


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  6. OffenhamSkyBlue

    OffenhamSkyBlue Well-Known Member

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    Good news that the threat of expulsion has been lifted. Now all we need is survival - and to know when STs are on sale!
     
  7. skybluepm2

    skybluepm2 Well-Known Member

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    I was angry when I first read this but it’s certainly positive that the vote has been cancelled, talks appear to be ongoing and the groundshare agreement is in place.. as a backup option, as much as we don’t want this to happen. The Ricoh isn’t dead in the water yet thankfully.

    Let’s hope common sense prevails in the next few days and we can turn our attention back to winning league one next season!
     
  8. Mr Panda

    Mr Panda Well-Known Member

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    I don't read too much into these statements anymore until you hear some kind of noise coming from Wasps.

    Continuing talks surely signal a softening in Wasps stance on the EC complaint...but again there's no point getting hopes up until we hear something from them. No news from them would be good news though.
     
  9. SBAndy

    SBAndy Well-Known Member

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    I know they’re bound in certain aspects of this, but I wish they’d state a date when the groundshare will become live and they will cease negotiations on the Ricoh, selfishly because I’m fed up of the uncertainty. If they put a cap on it by saying “by 1st June we will provide you with confirmation of where we are playing” that’d ease a lot of the tension I’d expect.
     
  10. Garryb80

    Garryb80 Well-Known Member

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    But what if they get to mid june and Wasps decide we can play there?
     
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  11. lord_garrincha

    lord_garrincha Active Member

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    I suppose if the owners are confident of agreeing a deal with that lot, then they can assume around 6k x whatever the charge is for the min budget and put that capital in short term... hence the three lads coming in.

    Obviously this changes greatly if they groundshare... but the vibes and players in suggest it's the Ricoh (I hope!).

    The only interesting aspect of 'getting their business done early' is how they look at potential targets with the 'Wilson cash'... Reading the gossip that Spurs are interested is not a good sign, seeing that Levy ALWAYS plays his cards at the last minute. Hopefully Everton come in early with a stupid desperate bid and takes care of that.
     
  12. chiefdave

    chiefdave Well-Known Member

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    Exactly. What if its like the last time and we play a couple of games in Brum and then get an offer to come back. Would people really prefer we put an artificial deadline in place and stay there all season?
     
  13. Sky Blue Pete

    Sky Blue Pete Well-Known Member

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    Yep good news talks ongoing
     
  14. Cranfield Sky Blue

    Cranfield Sky Blue Well-Known Member

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    I get your point about Levy but doesn’t our transfer window last a bit longer this year? Sure I read it somewhere?

    PUSB
     
  15. lord_garrincha

    lord_garrincha Active Member

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    It does, but a last min low ball from Levy may mean no transfer at all!
     
  16. Longford

    Longford Member

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    From what I’ve heard from peeps in the club. Wasps moved their position end of last week. Until then it had been full steam St. Andrews. That is now the backstop. Ricoh is now in pole position and announcements about new deal expected early next week.


    Sent from my iPad using Tapatalk
     
  17. CCFC54321

    CCFC54321 Well-Known Member

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    Probably because the head of finance for Wasps has mentioned into someone’s ear they can’t afford to throw CCFC out...
     
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  18. shepardo01

    shepardo01 Active Member

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    Sky statement says "Deal with W**ps not close"
    Would LOVE you to be right.
    I similarly spoke to somebody who works for club on Thursday. He said "no idea" where they would be but strongly looking like St Andrew's..
    Hope your source was higher up than mine!
     
  19. jordan210

    jordan210 Well-Known Member

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    Good old sky. Making stuff up

     
  20. Lord_Nampil

    Lord_Nampil Well-Known Member

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    Reading the statement it does come across that all parties want the club at the Ricoh problem wasps have is the EC investigation. If they didn’t want us there the talks would have ended I am guessing it’s not a case of wanting us there but a need! Something had to be done to please all!!
     
  21. jordan210

    jordan210 Well-Known Member

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    So sky deleted the first tweet by the looks of things and now

     
  22. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    Does still talking mean talking in same room or even by solicitors or does it really mean neither side want to say there is nothing to say and no prospect of agreement

    Got a feeling it is the latter and this is drip feeding the reality in to the public domain to manage the PR. I hope I am wrong but the parties seem too far apart on the legals to me
     
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  23. oucho

    oucho Well-Known Member

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    Even at this stage I wouldn't bet against us being at the Ricoh again next season. This smacks to me of CCFC lining up an alternative to increase bargaining power in the rent negotiations with Wasps.
     
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  24. Grendel

    Grendel Well-Known Member

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    I think you are correct. I can’t see what leverage with wasps we have to influence a change. Our stance can’t change and I’s be surprised if there’s has
     
  25. Ashdown

    Ashdown Well-Known Member

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    Yeah I think so too but I don't think they will budge now thanks to this EC business............ So it's the salubrious area of Small Heath for our 'Home' fans !?
     
  26. Grendel

    Grendel Well-Known Member

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    We had to show to the EFL we can fulfill fixtures next year so that’s why this is being announced
     
  27. Grendel

    Grendel Well-Known Member

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    Real choppy waters ahead now for ccfc I think
     
  28. stupot07

    stupot07 Well-Known Member

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    This is very positive. Contingency in place, hopefully a deal at the ricoh will be reached, but most of all our club continues to survive.

    Sent from my SM-G965F using Tapatalk
     
  29. Samo

    Samo Well-Known Member

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    Surely though, the EC investigation is largely irrelevant to the here and now. If it cannot be withdrawn then it will run its course and if Wasps believe that no wrongdoing took place then they have nothing to worry about. They would surely be shooting themselves in the foot to say no to a deal they probably need to happen just because the EC investigation is in the background.
     
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  30. SBAndy

    SBAndy Well-Known Member

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    You can’t just ‘hang on’ ad infinitum. Proper planning has to take place, whether that be on behalf of the club or the fans. You touch on last time, but we were in a full groundshare agreement and ended that early to come back to the Ricoh. Why wouldn’t there be potential break clauses in from our end? This communication of ongoing dialogue isn’t actually serving any sort of purpose, it’s just winding us all up further and further. Announce the groundshare and if we can come back then do that deal like we did last time.

    I’m of the same thought process as OSB on this, I think this is some sort of PR management. Only thing is, I don’t think it’s necessarily good.
     
  31. Nick

    Nick Administrator

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    So wasps playing games like they have previously by doing it. Everybody was too busy worked up at sisu after Gilbert did a job.
     
  32. oucho

    oucho Well-Known Member

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    As Stu says, it's in place as contingency - the "bargaining power" aspect clearly isn't the only reason this has been lined up, but the effect is the same as the club will be using this as a lever in the negotiations.
     
  33. Grendel

    Grendel Well-Known Member

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    No it’s a requirement as there is and cannot be a change in the clubs stance - why is it a lever? It’s a one year deal against a legal backdrop of a decade
     
  34. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    The other problem I have with what is unfolding is that in everything that Sisu have ever done it has been cold and calculated, it may have been portrayed as last minute but that is by choice to allow minimum reaction time. Why would this be any different?

    Sisu have orchestrated this merry dance, have been reasonably certain of what reactions would be and when. I cannot help thinking that ground share is exactly where they expect us to be.

    It doesn't matter what trouble that causes for Ccfc because this is getting to the end game for their investors. It has always been about their investors not the investment tool that is Ccfc.

    A one year deal when an EC investigation could take longer let alone the ECJ court case etc suggests Ccfc will be gone much longer. Nothing very possibly will have changed this time next year. Which means wasps nor Sisu will have changed position by that time in all probability
     
  35. tisza

    tisza Well-Known Member

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    Wasn't a provision of the last groundshare that a more permanent solution had to be in the offing?
    And whichever way you cut reduced income from lower crowds etc. still going to impact next season's budget.
     
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