The council offered lower rent 3 to 4 times.
What else should they have done?
What a load of **** Sisu have plenty of money, they decided not to spend it on the rent, even when it was reduced, end of story
More recently yes, after relations had broken down and the club was crippled.
The finances of Coventry city fc are not the responsibility of the council.
End of.
You know nothing about me
More recently yes, after relations had broken down and the club was crippled.
This argument only really works if the rental amount could be shown to be the cause of our problems but looking at the accounts it clearly isn't. Look at % of income spent on wages! look at the cost of interest payments. Even if the rent had been zero we would still have tens of millions of debt, are the council responsible for all that debt?
It has been clearly demonstrated over and over again that we would be far better off accepting ACLs 3 year offer than playing at Sixfields yet SISU refuse to even consider it, how is that the councils fault?
You can't rewrite history so given where we are today what offer do you think should be made to SISU? ACL have offered a very competitive deal, Higgs agreed to sell their stake to SISU and CCC have said they will consider any serious offer for their stake or for the freehold. Unless your suggesting CCC pay off all the existing contracts and hand everything over for nothing what more can they do?
Got inside info have you?I agree with the OP. ACL had already bankrupted the club once and refused to reduce the rent when asked before Sisu even took over. They then tried to put the club into administration over a rent strike that was agreed between both CCFC and ACL to stress the mortgage to pay it off at a reduced rate.
All will be revealed in court and I can't wait for it all to come out
Please note: This is NOT a pro SISU thread. I fully acknowledge SISU's many catastrophic mistakes and deplore them. I also acknowledge that one of those mistakes was in not renegotiating the rental deal following due diligence. Having said that, when it became clear that the club would not survive under the existing agreement, CCC should have been instructing ACL (I'm sure the Higgs Charity would have agreed to this) to restructure its business model in favour of the club thus allowing it to maintain it's tenancy and avoiding the eventual situation of the club (rightly or wrongly) withholding rent. I realize that I am inviting accusations of naivety (its just business - would you expect your landlord to knock your door offering a rent reduction, etc etc) but this was not a normal tenant/landlord relationship. The club is not just a business, it is a huge part of our community and loved by thousands. CCC is not just a landlord it is a democratically elected body with a responsibility to its community and its electorate. CCC should have been doing all it could to enable the club to move forward as was its duty. In neglecting to do so it has failed its community, the people of Coventry and the club, costing the city many millions of pounds in the process. At best they stood by, did nothing and watched the club implode, at worst they refused/ignored requests from the club for help.
In my opinion this amounts to dereliction of duty.
Can we please stop banging on the about the sliding scale rent we've never seen the details to. Sounds good, but we don't know the detail, we can assume it still would have been £1.2-1.3m in the championship anyway which was way too much.
The 10000 who might go to the Ricoh or the other 290000 that don't?No, but they do have a responsibility to the community and the people
Are these documents in the public domain?I have seen documents that back this up yes
The 10000 who might go to the Ricoh or the other 290000 that don't?
Given that you've said we've never seen the details how can you assume it would have been £1.2-£1.3m in the championship?
I agree with the OP. ACL had already bankrupted the club once and refused to reduce the rent when asked before Sisu even took over. They then tried to put the club into administration over a rent strike that was agreed between both CCFC and ACL to stress the mortgage to pay it off at a reduced rate.
All will be revealed in court and I can't wait for it all to come out
I have seen documents that back this up yes
Ridiculous, the only people to have come out of this with any credit are the manager and the players.The football club rejected a sliding scale rent in the first place
Then rejected a approx 650k rent
Then rejected a 400k one
Then rejected a 150k one
Proud of the council, the charity, the fans, the manager and players
Disgusted by our owners
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