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December Stadium Deadline (1 Viewer)

  • Thread starter ccfc92
  • Start date Sep 16, 2015
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fernandopartridge

Well-Known Member
  • Sep 23, 2015
  • #561
armybike said:
Yep, the current predicament is all down to ACL (and CCC/Wasps?)!
Click to expand...

Who made the final decision to grant Wasps a 250 year lease? Who decided to perform an about turn and sell their own stake in ACL?

I'll give you a clue. It isn't CCFC, it isn't ACL and it isn't Wasps.
 

stupot07

Well-Known Member
  • Sep 23, 2015
  • #562
torchomatic said:
http://www.coventrytelegraph.net/sport/football/coventry-city-fc-ownership-ricoh-7655374
Click to expand...

That's so embarrassing when you look back at that article, they were almost certainly in negotiations with wasps at the time


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

Godiva

Well-Known Member
  • Sep 23, 2015
  • #563
armybike said:
Yep, the current predicament is all down to ACL (and CCC/Wasps?)!
Click to expand...

No, it's definitely not the fault of Wasps or ACL.
 

skybluetony176

Well-Known Member
  • Sep 23, 2015
  • #564
Godiva said:
Yes, definitely.
Click to expand...

Really? Based on what?

I don't and I'll tell you why. The simple fact that someone else valued ACL at the amount they did tells you that ACL wasn't yet distressed enough for SISU to be seriously interested at the amount it went for. In SISU's DNA they would have overpaid for it. Hence they bought CCFC when every other interested party was walking away and just before we went into admin meaning other parties would all of a sudden be interested. To put it simply the risk was too low meaning that the price was to high. Paying good money for things is not what they do.
 

oldskyblue58

CCFC Finance Director
  • Sep 23, 2015
  • #565
Godiva said:
ACL will not be able to offer us any deal that will see us competitive in the Championship.

.
Click to expand...

To be fair unless we have owners prepared to trade at multi million pound losses or to put in millions of new funds the deal at the Ricoh or the new stadium is not going to make the difference to CCFC competing in the Championship. The gap in funding is simply to big
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #566
fernandopartridge said:
Who made the final decision to grant Wasps a 250 year lease? Who decided to perform an about turn and sell their own stake in ACL?

I'll give you a clue. It isn't CCFC, it isn't ACL and it isn't Wasps.
Click to expand...

CCFC had agreed a 2+2, this hasn't changed. So if Wasps hadn't taken over CCFC would still be in the same position they are today.
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #567
Godiva said:
No, it's definitely not the fault of Wasps or ACL.
Click to expand...

When it comes to CCFC's predicament, the buck stops with the owners. No amount of finger pointing and foot stamping will alter this.
 

stupot07

Well-Known Member
  • Sep 23, 2015
  • #568
armybike said:
Not wearing sky blue tinted glasses and asking questions (please note the question marks in the post you've quoted) means it's personal to me? Your interpretation is your interpretation (but wrong by the way!).

Why should ACL have extended the olive branch? SISU had left them out of pocket due to the rent strike and then stropped off to Northampton.

They continually said they were going to build their own stadium.
Click to expand...

No you're not wearing sky blue tinted glasses, you appear to be wearing black and yellow striped tinted glasses. It's remarkable the effort you are going to defend wasps


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

Hobo

Well-Known Member
  • Sep 23, 2015
  • #569
fernandopartridge said:
Who made the final decision to grant Wasps a 250 year lease? Who decided to perform an about turn and sell their own stake in ACL?

I'll give you a clue. It isn't CCFC, it isn't ACL and it isn't Wasps.
Click to expand...

If you think SISU would have bought the Ricoh if Wasps hadn't come along you are deluded.
 
G

Godiva

Well-Known Member
  • Sep 23, 2015
  • #570
oldskyblue58 said:
To be fair unless we have owners prepared to trade at multi million pound losses or to put in millions of new funds the deal at the Ricoh or the new stadium is not going to make the difference to CCFC competing in the Championship. The gap in funding is simply to big
Click to expand...

I think we have pretty much analyzed every aspect of a rental deal at the Ricoh. But we haven't seen a businessplan for a new stadium, so we can't really say if that will or won't stand us better.
 

oldskyblue58

CCFC Finance Director
  • Sep 23, 2015
  • #571
all this has been gone over a million times already, it hasn't changed anything and never will. We have to accept the realities and deal with them So what is the way forward from the point CCFC are at now.............. ?
 

fernandopartridge

Well-Known Member
  • Sep 23, 2015
  • #572
armybike said:
CCFC had agreed a 2+2, this hasn't changed. So if Wasps hadn't taken over CCFC would still be in the same position they are today.
Click to expand...

They'd be in a significantly stronger negotiating position. But ACL in its previous state would have wanted more certainty than 4 years surely?
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #573
stupot07 said:
No you're not wearing sky blue tinted glasses, you appear to be wearing black and yellow striped tinted glasses. It's remarkable the effort you are going to defend wasps
Click to expand...

Again another inaccurate assumption. Where have I defended the Wasps?
 

stupot07

Well-Known Member
  • Sep 23, 2015
  • #574
armybike said:
CCFC had agreed a 2+2, this hasn't changed. So if Wasps hadn't taken over CCFC would still be in the same position they are today.
Click to expand...

But they wouldn't, as we would hopefully be 'building bridges' towards owning acl, in fact the prospect of owning acl would have still been a possibility, so a lots changed.


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

Godiva

Well-Known Member
  • Sep 23, 2015
  • #575
armybike said:
When it comes to CCFC's predicament, the buck stops with the owners. No amount of finger pointing and foot stamping will alter this.
Click to expand...

Yes, you're right. And the owners are paying for their mistakes.
Where does that leave us? Don't we have the right to point to poor political decisions that effects us?
It takes two to fight - sisu didn't do it all by themselves.
 
G

Godiva

Well-Known Member
  • Sep 23, 2015
  • #576
oldskyblue58 said:
all this has been gone over a million times already, it hasn't changed anything and never will. We have to accept the realities and deal with them So what is the way forward from the point CCFC are at now.............. ?
Click to expand...

Win on Saturday?
 

oldskyblue58

CCFC Finance Director
  • Sep 23, 2015
  • #577
Godiva said:
I think we have pretty much analyzed every aspect of a rental deal at the Ricoh. But we haven't seen a businessplan for a new stadium, so we can't really say if that will or won't stand us better.
Click to expand...

no we haven't but it is possible to list many of the additional incomes such a set up might bring and the additional costs. It isn't actually a long list . You only have to look at other clubs financials to get a reasonable feel for it. Without the aid of parachute payments, loans and losses, major player sales we are going to struggle to compete. Can anyone see that extra support coming from the present owners? certainly wont have 15m in parachute payments

As for other developments on the potential site wont those be in a separate company and not be football related so probably wont benefit CCFC.
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #578
fernandopartridge said:
They'd be in a significantly stronger negotiating position. But ACL in its previous state would have wanted more certainty than 4 years surely?
Click to expand...

They may have done, but the fact remains the sale to Wasps has not altered what CCFC signed up to.
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #579
stupot07 said:
But they wouldn't, as we would hopefully be 'building bridges' towards owning acl, in fact the prospect of owning acl would have still been a possibility, so a lots changed.
Click to expand...

Or continuing to say they're building their own stadium!
 

stupot07

Well-Known Member
  • Sep 23, 2015
  • #580
oldskyblue58 said:
no we haven't but it is possible to list many of the additional incomes such a set up might bring and the additional costs. It isn't actually a long list . You only have to look at other clubs financials to get a reasonable feel for it. Without the aid of parachute payments, loans and losses, major player sales we are going to struggle to compete. Can anyone see that extra support coming from the present owners? certainly wont have 15m in parachute payments

As for other developments on the potential site wont those be in a separate company and not be football related so probably wont benefit CCFC.
Click to expand...

And yet staying on a rental deal at the Ricoh with little access to non ticket matchday revenue isn't going to lead to success either. We're between a rock and a hard place.



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

Godiva

Well-Known Member
  • Sep 23, 2015
  • #581
oldskyblue58 said:
no we haven't but it is possible to list many of the additional incomes such a set up might bring and the additional costs. It isn't actually a long list . You only have to look at other clubs financials to get a reasonable feel for it. Without the aid of parachute payments, loans and losses, major player sales we are going to struggle to compete. Can anyone see that extra support coming from the present owners? certainly wont have 15m in parachute payments
Click to expand...

Yes, it won't be easy. The parachute money is hard to compete with, especially as so many teams are on that 'welfare scheme'.
It would be a miracle if sisu gambled like Leicester did.

oldskyblue58 said:
As for other developments on the potential site wont those be in a separate company and not be football related so probably wont benefit CCFC.
Click to expand...

That would depend if the club owned prop-co ('ACL') would be administrating the 'side-kicks'.
We need to see the plans (if they ever materialize) before we can tell.
 

SkyBlue_Bear83

Well-Known Member
  • Sep 23, 2015
  • #582
armybike said:
They may have done, but the fact remains the sale to Wasps has not altered what CCFC signed up to.
Click to expand...

It has however altered any future deals, negotiations or any potential to get a stake in the Ricoh. That doesn't bother you though as you don't give a shit.
 

stupot07

Well-Known Member
  • Sep 23, 2015
  • #583
armybike said:
Or continuing to say they're building their own stadium!
Click to expand...

At least there would be options.


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

Calista

Well-Known Member
  • Sep 23, 2015
  • #584
Godiva said:
Yes, definitely.
Click to expand...

City’s chief executive, Tim Fisher, insists they do not regret failing to buy the Ricoh, saying they could not agree to taking it on, as Wasps have done, not only for £5.4m but with the council’s £14m loan on the stadium still to pay.
http://www.theguardian.com/football/2014/dec/23/coventry-city-wasps-ricoh-arena
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #585
Godiva said:
Yes, you're right. And the owners are paying for their mistakes.
Where does that leave us? Don't we have the right to point to poor political decisions that effects us?
It takes two to fight - sisu didn't do it all by themselves.
Click to expand...

Poor political decision? I don't recall a huge outcry from the electorate.

Also, how was it a fight?
 
G

Godiva

Well-Known Member
  • Sep 23, 2015
  • #586
Norman Lockhart said:
City’s chief executive, Tim Fisher, insists they do not regret failing to buy the Ricoh, saying they could not agree to taking it on, as Wasps have done, not only for £5.4m but with the council’s £14m loan on the stadium still to pay.
http://www.theguardian.com/football/2014/dec/23/coventry-city-wasps-ricoh-arena
Click to expand...

I am sure I would have publically have said the same.
Should he have admitted they had been screwed? What kind of signal would that send to their investors?
 

skybluetony176

Well-Known Member
  • Sep 23, 2015
  • #587
Godiva said:
I am sure I would have publically have said the same.
Should he have admitted they had been screwed? What kind of signal would that send to their investors?
Click to expand...

Why do you think that they would have taken the deal if it had been offered?
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #588
CCFC said:
It has however altered any future deals, negotiations or any potential to get a stake in the Ricoh. That doesn't bother you though as you don't give a shit.
Click to expand...

I don't follow your train of thought = I don't give a shit? Blimey, good logic there!
 
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #589
Godiva said:
I am sure I would have publically have said the same.
Should he have admitted they had been screwed? What kind of signal would that send to their investors?
Click to expand...

He could have said nothing.

The fact remains that on record Fisher has said SISU/CCFC wouldn't have agreed on the deal that Wasps were offered.
 

skybluetony176

Well-Known Member
  • Sep 23, 2015
  • #590
armybike said:
He could have said nothing.

The fact remains that on record Fisher has said SISU/CCFC wouldn't have agreed on the deal that Wasps were offered.
Click to expand...

Everytime he opens his mouth I wish he'd say nothing.

Even when you discount what Fisher said I still can't see on what basis anyone can really say that SISU would have taken the offer had it been made. What have they ever said and done that can make anyone form that opinion. Not just where CCFC are concerned but in any of their investments that we've found out about. It's just not the type of deal they've built their reputation on from what I've seen. To sound like SP it's not in their DNA. Not from what I've seen anyway. If anyone can convince me otherwise I'm all ears.
 
Last edited: Sep 23, 2015
A

armybike

Well-Known Member
  • Sep 23, 2015
  • #591
skybluetony176 said:
Everytime he opens his mouth I wish he'd say nothing.
Click to expand...

That's a very fair point Tony
 

SkyBlue_Bear83

Well-Known Member
  • Sep 23, 2015
  • #592
armybike said:
He could have said nothing.

The fact remains that on record Fisher has said SISU/CCFC wouldn't have agreed on the deal that Wasps were offered.
Click to expand...

Does that mean it is true then, you don't believe him (with fair reasons) when he says we are building a new stadium yet this statement is truth?
 

Grendel

Well-Known Member
  • Sep 23, 2015
  • #593
armybike said:
He could have said nothing.

The fact remains that on record Fisher has said SISU/CCFC wouldn't have agreed on the deal that Wasps were offered.
Click to expand...

The council didn't need to say ACL was making money, then breaking even and that they would "build bridges" but they did.

The fact remains on record that good old CCC said they'd consider selling to the club - when they'd already sold it.
 

stupot07

Well-Known Member
  • Sep 23, 2015
  • #594
armybike said:
He could have said nothing.

The fact remains that on record Fisher has said SISU/CCFC wouldn't have agreed on the deal that Wasps were offered.
Click to expand...

So we believe everything Fisher says? Or just the bits that for our narrative?


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

Grendel

Well-Known Member
  • Sep 23, 2015
  • #595
CCFC said:
Does that mean it is true then, you don't believe him (with fair reasons) when he says we are building a new stadium yet this statement is truth?
Click to expand...

Why are we even bothering with this idiot? He's obviously a plant.
 
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