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Council could vote on Ricoh takeover as early as Tuesday (1 Viewer)

  • Thread starter SimonGilbert
  • Start date Oct 1, 2014
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jimmyhillsfanclub

Well-Known Member
  • Oct 1, 2014
  • #71
spider_ricoh said:
Who cares about them???

The most important thing is that SISU won't be able to buy the Ricoh. We'll still be tenants so not affected.
Click to expand...

Un-fucking-believable....

I despair sometimes.....I really do.
 

Otis

Well-Known Member
  • Oct 1, 2014
  • #72
spider_ricoh said:
You've just defined perfectly why we should all support this deal. Selling the club and the ground as a package is exactly what SISU want to do (hence why they tried to distress ACL to get the ground cheaply) - hence why we must oppose it. We also want SISU to pay as a high a price as possible for the Ricoh - again, because getting it cheaply is their objective.
Click to expand...

At the expense of the club?

Think some are losing focus here. Surely the number one priority for us all is to secure the future of Coventry City FC. I don't care about Sisu, I care about my club. Seems like some people want Sisu out whatever the cost and that could prove disastrous for CCFC.

I want the club to have the Ricoh. If that means under Sisu, then so be it, though I would want ACL/CCC to make sure the deal had some sort of protection built in to secure the future for the city of Coventry and it's citizens.
 

stupot07

Well-Known Member
  • Oct 1, 2014
  • #73
italiahorse said:
Which as we know would be a bargain in the Premiership.
Unfortunately previous management (and Sisu) took the gamble on a fixed rental as they thought 'Operation Premiership' would work.
Sisu should have renegotiated this as a condition of taking over but we have done this to death.
Click to expand...

£1.3m would still have been too high in the Premiership.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #74
Otis said:
At the expense of the club?

Think some are losing focus here. Surely the number one priority for us all is to secure the futures of Coventry City FC. I don't care about Sisu, I care about my club. Seems like some people want Sisu out whatever the cost and that could prove disastrous for CCFC.

I want the club to have the Ricoh. If that means under Sisu, then so be it, though I would want ACL/CCC to make sure the deal had some sort of protection built in to secure the future for the city of Coventry and it's citizens.
Click to expand...

Wrong - anything bad for SISU is good for CCFC, and vice versa. That's why I'll support anything that makes life harder for them to stay. I won't support the club at any stadium other than the Ricoh and I certainly don't want to see SISU buying the Ricoh.
 

Otis

Well-Known Member
  • Oct 1, 2014
  • #75
stupot07 said:
£1.3m would still have been too high in the Premiership.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...

The 1.3m was certainly a part of this whole sorry mess and set the wheels in motion to it's almost inevitable conclusion.
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #76
Rusty Trombone said:
Thanks for the input, but the adults are here now and we're trying to have a debate. You can play Minecraft if you want. Cheers.
Click to expand...

Never heard of it....what's your solution for getting rid of SISU?
 

Otis

Well-Known Member
  • Oct 1, 2014
  • #77
spider_ricoh said:
Wrong - anything bad for SISU is good for CCFC, and vice versa. That's why I'll support anything that makes life harder for them to stay. I won't support the club at any stadium other than the Ricoh and I certainly don't want to see SISU buying the Ricoh.
Click to expand...

Don't know what it is you're smoking, but you need to change your supplier.
 

Rusty Trombone

Well-Known Member
  • Oct 1, 2014
  • #78
stupot07 said:
£1.3m would still have been too high in the Premiership.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...

And of course under the original deal the club would have got half of the rent back as we owned half of the management company. This argument isn't relevant to this thread though is it.
 

covmark

Well-Known Member
  • Oct 1, 2014
  • #79
spider_ricoh said:
You've just defined perfectly why we should all support this deal. Selling the club and the ground as a package is exactly what SISU want to do (hence why they tried to distress ACL to get the ground cheaply) - hence why we must oppose it. We also want SISU to pay as a high a price as possible for the Ricoh - again, because getting it cheaply is their objective.
Click to expand...
I can't believe what I read on here sometimes. Support a bunch of egg chasers controlling our stadium, you are fucking mental.
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #80
Otis said:
The 1.3m was certainly a part of this whole sorry mess and set the wheels in motion to it's almost inevitable conclusion.
Click to expand...

Another ridiculous comment... it was based on the £31m the council have to plough into the project to allow us to have a home ground. No private investor would touch us - funnily enough I didn't hear any objections about state aid back then....

£1.3m p/a to pay back £31m, plus inflation, is hardly a high-yield deal for the lenders is it?

But of course, it's up toe the council to pay for CCFC to have a ground, so of course even this is unreasonable...
 

Rusty Trombone

Well-Known Member
  • Oct 1, 2014
  • #81
spider_ricoh said:
Never heard of it....what's your solution for getting rid of SISU?
Click to expand...

You can't get rid of them, they will leave when their investors decide they have lost enough money.
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #82
covmark said:
I can't believe what I read on here sometimes. Support a bunch of egg chasers controlling our stadium, you are fucking mental.
Click to expand...

"Our stadium" - that stadium we didn't pay for, don't own, and which we unilaterally ripped up our anchor tenancy agreement?
 

covmark

Well-Known Member
  • Oct 1, 2014
  • #83
spider_ricoh said:
Wrong - anything bad for SISU is good for CCFC, and vice versa. That's why I'll support anything that makes life harder for them to stay. I won't support the club at any stadium other than the Ricoh and I certainly don't want to see SISU buying the Ricoh.
Click to expand...

Now you really are talking out of your arse. You must be on a wind up?
 

covmark

Well-Known Member
  • Oct 1, 2014
  • #84
spider_ricoh said:
"Our stadium" - that stadium we didn't pay for, don't own, and which we unilaterally ripped up our anchor tenancy agreement?
Click to expand...

What was the original purpose of the stadium?
 

Rusty Trombone

Well-Known Member
  • Oct 1, 2014
  • #85
spider_ricoh said:
"Our stadium" - that stadium we didn't pay for, don't own, and which we unilaterally ripped up our anchor tenancy agreement?
Click to expand...

Ending the old agreement was good for the club wasn't it?
 

sky_blue_up_north

Well-Known Member
  • Oct 1, 2014
  • #86
I thought Ann Lucas said they could not sell the Ricoh freehold some time back, so what are Wasps buying, a long term lease hold?
 

Rusty Trombone

Well-Known Member
  • Oct 1, 2014
  • #87
sky_blue_up_north said:
I thought Ann Lucas said they could not sell the Ricoh freehold some time back, so what are Wasps buying, a long term lease hold?
Click to expand...

That's the rumour.
 

fernandopartridge

Well-Known Member
  • Oct 1, 2014
  • #88
oldskyblue58 said:
Agreed fp ........ we don't actually know do we ............. but the CT article implies it is approving it to be sold next week.
Click to expand...
Seems a bit quick. Presume full due diligence has been carried out. Wonder if it will remain private post sale?
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #89
covmark said:
Now you really are talking out of your arse. You must be on a wind up?
Click to expand...


nope
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #90
Rusty Trombone said:
Ending the old agreement was good for the club wasn't it?
Click to expand...

no, unless you enjoyed your seat at Sixfields.
 

sky blue john

Well-Known Member
  • Oct 1, 2014
  • #91
sky_blue_up_north said:
I thought Ann Lucas said they could not sell the Ricoh freehold some time back, so what are Wasps buying, a long term lease hold?
Click to expand...

90% of Acl being sold.
 
A

AndreasB

Well-Known Member
  • Oct 1, 2014
  • #92
italiahorse said:
What's your way forward on this?
CCFC are building a new stadium and ACL need an anchor tenant.

I won't hold my breathe ....................
Click to expand...

I wish you would.


Sent from my iPhone using Tapatalk
 

fernandopartridge

Well-Known Member
  • Oct 1, 2014
  • #93
spider_ricoh said:
Another ridiculous comment... it was based on the £31m the council have to plough into the project to allow us to have a home ground. No private investor would touch us - funnily enough I didn't hear any objections about state aid back then....

£1.3m p/a to pay back £31m, plus inflation, is hardly a high-yield deal for the lenders is it?

But of course, it's up toe the council to pay for CCFC to have a ground, so of course even this is unreasonable...
Click to expand...
£31m? Can you break that down?

You'd think the council would want to show that they got an absolute return on investment surely?

Will they get the 'small profit' on the repayment of the ACL loan?

Will they get full repayment of the loan plus the value of their 40% plus profit?
 

bezzer

Well-Known Member
  • Oct 1, 2014
  • #94
sky_blue_up_north said:
I thought Ann Lucas said they could not sell the Ricoh freehold some time back, so what are Wasps buying, a long term lease hold?
Click to expand...

She's a politician, I'd take everything she says with a pinch of salt.
 

Rusty Trombone

Well-Known Member
  • Oct 1, 2014
  • #95
spider_ricoh said:
no, unless you enjoyed your seat at Sixfields.
Click to expand...

Do I win a prize? I've found the one person who thinks the old deal was better for the club.
 

lordsummerisle

Well-Known Member
  • Oct 1, 2014
  • #96
Hope that Brighton Podcast guy isn't lurking still, he'd be absolutely pissing himself.
 

BackRoomRummermill

Well-Known Member
  • Oct 1, 2014
  • #97
Spider Ricoh

Are you an ACL plant or plank?

What was the Ricoh as a stadium built around ( um the football pitch is a clue here ) and for who as the main tenant to use ( another clue the city of coventry)........................
 

spider_ricoh

New Member
  • Oct 1, 2014
  • #98
Rusty Trombone said:
Do I win a prize? I've found the one person who thinks the old deal was better for the club.
Click to expand...

Right or wrong, SISU acted unethically in ripping up the lease. In any case, I'd rather have the old lease and not played at Sixfields for a year.
 

fernandopartridge

Well-Known Member
  • Oct 1, 2014
  • #99
lordsummerisle said:
Hope that Brighton Podcast guy isn't lurking still, he'd be absolutely pissing himself.
Click to expand...
Spider is like Derek Hatton.
 

jimmyhillsfanclub

Well-Known Member
  • Oct 1, 2014
  • #100
lordsummerisle said:
Hope that Brighton Podcast guy isn't lurking still, he'd be absolutely pissing himself.
Click to expand...


I nearly pissed myself at the Withdean years ago when watching Peter Reids City side struggle to a 0-0 on a sunny day....

Not in reaction to the way we played...but in reaction to necking 4 pints of kronenberg in 30 mins before KO......just thought I'd mention it...
 

stupot07

Well-Known Member
  • Oct 1, 2014
  • #101
spider_ricoh said:
Another ridiculous comment... it was based on the £31m the council have to plough into the project to allow us to have a home ground. No private investor would touch us - funnily enough I didn't hear any objections about state aid back then....

£1.3m p/a to pay back £31m, plus inflation, is hardly a high-yield deal for the lenders is it?

But of course, it's up toe the council to pay for CCFC to have a ground, so of course even this is unreasonable...
Click to expand...

£21m which was paid back by ACL when they took the £21m and paid the 50 year lease up front.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 
K

Kingokings204

Well-Known Member
  • Oct 1, 2014
  • #102
Trouble is we don't know how this involves ccfc. Can we buy into it? Can westill rent? Can we still play in the Ricoh? What happens after 2 or 4 years?

Many questions still unanswered.
 
J

Jack Griffin

Guest
  • Oct 1, 2014
  • #103
fernandopartridge said:
Seems a bit quick. Presume full due diligence has been carried out. Wonder if it will remain private post sale?
Click to expand...

For the nth time, don't expect anything definite to happen till the JR mess is resolved. With luck that will be over by the end of the month..

fernandopartridge said:
£31m? Can you break that down?
Click to expand...

£10M council grant, I do not think there is any expectation of repayment, like the £10M grans from AWM & another development fund.
£21M loan to make up shortfall in Arena build costs, reduced now to £14.4M(ish).. this is all on ACL, what stupot says is disingenuous, this is still effectively being paid back.
 
Last edited by a moderator: Oct 1, 2014

chiefdave

Well-Known Member
  • Oct 1, 2014
  • #104
spider_ricoh said:
it's all about SISU leaving. That's the most important outcome we can hope for.
Click to expand...

So your main objective is to get SISU to leave. But you then say

spider_ricoh said:
Selling the club and the ground as a package is exactly what SISU want to do
Click to expand...

but

spider_ricoh said:
We also want SISU to pay as a high a price as possible for the Ricoh
Click to expand...

and

spider_ricoh said:
All I care abotu is stopping SISU getting the Ricoh
Click to expand...

To sum up you want SISU to go, say if SISU owned the ground and the club they would sell both but they should pay as high a price as possible and under no circumstances should they be sold the ground. That all seems to make sense :facepalm:
 

italiahorse

Well-Known Member
  • Oct 1, 2014
  • #105
Kingokings204 said:
Trouble is we don't know how this involves ccfc. Can we buy into it? Can westill rent? Can we still play in the Ricoh? What happens after 2 or 4 years?

Many questions still unanswered.
Click to expand...

The new stadium will have been built ? :thinking about:
 
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