club statement (1 Viewer)

sky blue zam · Feb 16, 2013

http://www.ccfc.co.uk/news/article/club-statement-150213-659735.aspx

how can the deal that they originally agreed be disadvantageous to the club. how can a drop from £1.3million to £400k per year be disadvangeous to the club.

please for the love of god just sort this out. the season which promised so much is now being threatened to be our last. however you sort it out the way now is not it.

PLAY UP SKY BLUES

ohitsaidwalker king power · Feb 16, 2013

I think it is a desperately worded statement- made from a position of clear weakness and demonstrates I think that we are nearing a conclusion- whether that's a conclusion we all as Sky Blues like, is another matter.

sky blue john · Feb 16, 2013

Its just a desperate attempt at delaying tactics.
I wonder whether ACL will divulge things like how much MR's compo is.
Never mind Sisu supporters we have 30million in the coffers shouldn't be a problem unless they have been lying through their teeth !!!!!

SkyBlueScottie · Feb 16, 2013

Sisu supporters? No i am a supporter of CCFC thanks

sky blue john · Feb 16, 2013

SkyBlueScottie said:
Sisu supporters? No i am a supporter of CCFC thanks

So am i so don't get on your high horse friend.
But i am fed up with being embarresed by the clubs owners !!!
False promises and worst position than when they took over !!!!
Media circus and gamesmanship everybody elses fault mentality !!!!

torchomatic · Feb 16, 2013

JEsus, that's rich coming from SBTs very own Moral Guardian.

Are you fed up with ACL making a pile of cash from the football club?
Are you fed up with the manager saying he's happy and then buggering off four days later?
Are you happy the Council and ACL will never agree to sell part of the stadium to the Club effectively starving them of cash?

You're one of the ones who moans about loan and freebie players without having the nous to understand why that's all we can afford.

sky blue john said:
So am i so don't get on your high horse friend.
But i am fed up with being embarresed by the clubs owners !!!
False promises and worst position than when they took over !!!!
Media circus and gamesmanship everybody elses fault mentality !!!!

RoboCCFC90 · Feb 16, 2013

No this could be the best thing that happens! I hope they do get in Deloittes, because it will then shine some light on to am acceptable deal for the rent and also leave both sides having to accept. Having Deloittes get involved would be brilliant IMO.

oldskyblue58 · Feb 16, 2013

Coventry City remains committed to conclusion of an acceptable deal with ACL

Despite the recent campaign by ACL to force the football club into a deal that would be completely disadvantageous, Coventry City Football Club remains committed to work through to the conclusion of a deal that is acceptable to both parties.

This deal must take into consideration match day revenues to support the need for a squad which is strong and competitive and yet still complies with Financial Fair Play and salary cap rules.

Therefore, we again propose to invite a leading expert in football finance - such as Deloittes - to act as mediator and help drive through a deal which makes sense.

to be honest my initial reaction is "is that it" ........... but I suppose what else can they say

comments
- bit rich complaining about campaigns to get objectives, seems to me both sides have indulged in that
- please explain why it is completely disadvantageous,
- if you believe a deal was shaken on and that TF said on radio the £400k deal was acceptable then surely parts of this can be settled and commitment given to deal with the rest
- didnt ACL say that all match day turnover was to be allocated to CCFC in their statement ? Doesnt that immediately help the FFP rules? In L1 and L2 FFP is not new proposals this year
- not sure if people realise but Deloittes spent weeks looking at the figures before Xmas when the Yorkshire Bank was the ACL problem. Surely they have already looked at match day incomes etc ? If not what were the parties paying for ? surely conclusions have already been reached on income sources and viability?
- Think ACL have reached their bottom line ..... the only negotiation point is the sum to be paid to cover April 2012 until now rent and how it is paid.
- The match day incomes apparently require due diligence - yet apparently will be disclosed on an "open book" basis.... that is full disclosure of the amounts and records to all parties involved. The key factor to these incomes is usage which is outside of the control or influence of ACL
- in what ways does the proposed deal not make sense and why, explain

Would be interesting if the full details of that heads of agreement from 29/01 were published wouldnt it

RoboCCFC90 · Feb 16, 2013

oldskyblue58 said:
Coventry City remains committed to conclusion of an acceptable deal with ACL

Despite the recent campaign by ACL to force the football club into a deal that would be completely disadvantageous, Coventry City Football Club remains committed to work through to the conclusion of a deal that is acceptable to both parties.

This deal must take into consideration match day revenues to support the need for a squad which is strong and competitive and yet still complies with Financial Fair Play and salary cap rules.

Therefore, we again propose to invite a leading expert in football finance - such as Deloittes - to act as mediator and help drive through a deal which makes sense.

to be honest my initial reaction is "is that it" ........... but I suppose what else can they say

comments
- bit rich complaining about campaigns to get objectives, seems to me both sides have indulged in that
- please explain why it is completely disadvantageous,
- if you believe a deal was shaken on and that TF said on radio the £400k deal was acceptable then surely parts of this can be settled and commitment given to deal with the rest
- didnt ACL say that all match day turnover was to be allocated to CCFC in their statement ? Doesnt that immediately help the FFP rules? In L1 and L2 FFP is not new proposals this year
- not sure if people realise but Deloittes spent weeks looking at the figures before Xmas when the Yorkshire Bank was the ACL problem. Surely they have already looked at match day incomes etc ? If not what were the parties paying for ? surely conclusions have already been reached on income sources and viability?
- Think ACL have reached their bottom line ..... the only negotiation point is the sum to be paid to cover April 2012 until now rent and how it is paid.
- The match day incomes apparently require due diligence - yet apparently will be disclosed on an "open book" basis.... that is full disclosure of the amounts and records to all parties involved. The key factor to these incomes is usage which is outside of the control or influence of ACL
- in what ways does the proposed deal not make sense and why, explain

Would be interesting if the full details of that heads of agreement from 29/01 were published wouldnt it

It would be brilliant wouldn't it OSB if all of the details were published but they won't while both sides are at logger heads which is why I have said since CCFC released this statement that the club should just get a third party involved like Deloittes who can oversee a reasonable and a great deal for both sides, failing that you could always bang there heads together and sort a deal OSB..

Godiva · Feb 16, 2013

oldskyblue58 said:
Coventry City remains committed to conclusion of an acceptable deal with ACL

Despite the recent campaign by ACL to force the football club into a deal that would be completely disadvantageous, Coventry City Football Club remains committed to work through to the conclusion of a deal that is acceptable to both parties.

This deal must take into consideration match day revenues to support the need for a squad which is strong and competitive and yet still complies with Financial Fair Play and salary cap rules.

Therefore, we again propose to invite a leading expert in football finance - such as Deloittes - to act as mediator and help drive through a deal which makes sense.

to be honest my initial reaction is "is that it" ........... but I suppose what else can they say

comments
- bit rich complaining about campaigns to get objectives, seems to me both sides have indulged in that
- please explain why it is completely disadvantageous,
- if you believe a deal was shaken on and that TF said on radio the £400k deal was acceptable then surely parts of this can be settled and commitment given to deal with the rest
- didnt ACL say that all match day turnover was to be allocated to CCFC in their statement ? Doesnt that immediately help the FFP rules? In L1 and L2 FFP is not new proposals this year
- not sure if people realise but Deloittes spent weeks looking at the figures before Xmas when the Yorkshire Bank was the ACL problem. Surely they have already looked at match day incomes etc ? If not what were the parties paying for ? surely conclusions have already been reached on income sources and viability?
- Think ACL have reached their bottom line ..... the only negotiation point is the sum to be paid to cover April 2012 until now rent and how it is paid.
- The match day incomes apparently require due diligence - yet apparently will be disclosed on an "open book" basis.... that is full disclosure of the amounts and records to all parties involved. The key factor to these incomes is usage which is outside of the control or influence of ACL
- in what ways does the proposed deal not make sense and why, explain

Would be interesting if the full details of that heads of agreement from 29/01 were published wouldnt it

The smart point of bringing in a mediator - be it Deloitte or other - is they will surely present a compromise. This way the deal will be sweeter to the club than what is offered now.
I don't for a second believe ACL have offered all they can. Especially on the rent already owed.

Sky Blues · Feb 16, 2013

oldskyblue58 said:
- if you believe a deal was shaken on and that TF said on radio the £400k deal was acceptable then surely parts of this can be settled and commitment given to deal with the rest

Nail. On. Head.

Tim Fisher saying a £400,000 rent is now "fine" doesn't seem to have generated much comment, despite being a rather large climb down from seeking "League 1 average rent".

This would have given me some hope that if Sisu were finally beginning to meaningfully negotiate, rather than obstinately digging their heels in, we might be closer to a deal. And that then makes it more baffling that it has to fall apart now and in such devastating fashion that ACL seems to no longer trust Sisu enough to negotiate with them.

And on a related side note, it seemed to me like TF was simply reading off the next play in the SISU Hard Negotiating Handbook when he called on the radio for Deloittes to become involved. It felt like a delaying tactic, but then I can't figure out what stringing this out longer would achieve now ACL cannot be distressed.

torchomatic · Feb 16, 2013

And then you have the guy from ACL saying (and the fool Bob Brolley repeating it parrot fashion) that the club had been offered a rent of £120K a year. No, it's not. It's £400K still twice what anyone else pays.

People criticize SISU for spin. Look at ACL.

sky blue zam · Feb 16, 2013

torchomatic said:
And then you have the guy from ACL saying (and the fool Bob Brolley repeating it parrot fashion) that the club had been offered a rent of £120K a year. No, it's not. It's £400K still twice what anyone else pays.

People criticize SISU for spin. Look at ACL.

acl have said its £120k net after costs. iim presuming these costs are matchday revenues. as for deloittes if fishers so desperate for them to be involved then instead of airing it on the radio do it in reality.

Godiva · Feb 16, 2013

sky blue zam said:
acl have said its £120k net after costs. iim presuming these costs are matchday revenues. as for deloittes if fishers so desperate for them to be involved then instead of airing it on the radio do it in reality.

They can't call a mediator alone. They need to agree with ACL on this.

Jack Griffin · Feb 16, 2013

torchomatic said:
And then you have the guy from ACL saying (and the fool Bob Brolley repeating it parrot fashion) that the club had been offered a rent of £120K a year. No, it's not. It's £400K still twice what anyone else pays.

People criticize SISU for spin. Look at ACL.

You are spinning the spin, the ACL statement as said the package was equivalent to £150K pa.

ACL claims final offer would reduce current the current £1.2million annual rent package to just £150,000

Now perhaps can you find out what the 'package' encompasses, I don't know how it is made up as that has never been stated clearly as far as I'm aware. One can presume a lot, but without a clear statement one can say nothing.

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