SkyBlueCharlie
Well-Known Member
Here we go again, just another wind-up thread....for heavens sake get a life.
Ridiculous, the only people to have come out of this with any credit are the manager and the players.
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.
never really understood this "ACL extorting CCFC with rent" argument.
If a landlord sets a rent per month/year and there is a tenant willing to pay that amount, how is the landlord being extortionate?
If ACL kept raising the rent etc then fair enough, but if someone is willing to pay you a certain amount of money then you don't question it surely?
Here we go again, just another wind-up thread....for heavens sake get a life.
But CCC is NOT a normal landlord. Please read OP
I have seen documents that back this up yes
Fully agree with the OP, but did CCFC actually ask CCC/ACL for a reduction? Or did they just start withholding the rent?
My point is, how are ACL meant to know what CCFC's books are like?
Because that was the level we were paying, given that the generally argument people give for us having to pay such high rent is that ACL needed it to ensure they could pay the mortgage, I can only assume that the championship rent would have remained the same, if not why didn't they charge us lower rent in the championship regardless?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
They've been quite accessible from companies house (albeit usually late)..
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Fully agree with the OP, but did CCFC actually ask CCC/ACL for a reduction? Or did they just start withholding the rent?
My point is, how are ACL meant to know what CCFC's books are like?
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
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
Are you just copying and pasting as much as you can?
That's a fair point. But whether or not they asked, is it realistic to suppose that ACL did not know the club were in trouble? Everybody else did!
because the football club didn't negotiate a cheaper rent they thought they could afford it not ACL's fault they got the best they could football club didn't.football club to blame nobody else
never really understood this "ACL extorting CCFC with rent" argument.
If a landlord sets a rent per month/year and there is a tenant willing to pay that amount, how is the landlord being extortionate?
If ACL kept raising the rent etc then fair enough, but if someone is willing to pay you a certain amount of money then you don't question it surely?
agreed, morally you would think they'd say "can you afford the current deal?"
but if ACL are receiving the agreed money every month, it's highly unlikely they will offer a reduction unless asked.
Not a wind up at all. I think its time we all acknowledged that this is not only the fault of our dreadful owners
I agree, if we were stupid enough to agree to it then you can't really blame ACL for taking it as it makes business sense for them.
But then ACL and our fans can't claim that they act in the clubs best interests as this is a lie.
Why are you entitled to see them?I have seen documents that back this up yes
agreed, morally you would think they'd say "can you afford the current deal?"
but if ACL are receiving the agreed money every month, it's highly unlikely they will offer a reduction unless asked.
exactly my point. as a business person/company you don't reduce income/revenue.
(let's just leave that last sentence there shall we)
Most say SUSU are the major cause of the problem and the council/ACL to a much lesser extent
Also agreed. But don't the council have a duty to help the club (as part of the community) and it's fans (as part of the electorate) as much as is possible. It is in everyone's interests that the club is healthy and viable.
Most say SUSU are the major cause of the problem and the council/ACL to a much lesser extent
You also don't want to lose your flag ship/anchor tenant especially so publicly.
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Ridiculous, the only people to have come out of this with any credit are the manager and the players.
Totally agree, ONLY the Manager (& his staff) & the Players can come out of this with any credit! PUSB
lets be honset they've all ballsed it up haven't they
Brave OP Samo ,Just remind me what Fisher was on about when It all started saying It's not Can't pay but won't pay?
The finances of Coventry city fc are not the responsibility of the council.
End of.
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