Does Sisu need to attract new investors to build a stadium? (1 Viewer)

OyJimmy · Mar 18, 2014

Given that Sisu are just a hedge fund responsible for investing other peoples money the rather obvious question I have is this. Does Sisu actually have anyone lined up to fund the development of a stadium? Given that the stadium may be owned by a different Sisu entity to the one that owns Coventry what guarantee is there for the stadium investor that a future Coventry board won't relocate the club all over again? Also what evidence does Sisu have to support the view that fans will return to watching the sky blues?

I think these a fundental questions which may be the real cause of the lack of progress being made to agree a new stadium deal.

RFC · Mar 18, 2014

OyJimmy said:
Given that Sisu are just a hedge fund responsible for investing other peoples money the rather obvious question I have is this. Does Sisu actually have anyone lined up to fund the development of a stadium? Given that the stadium may be owned by a different Sisu entity to the one that owns Coventry what guarantee is there for the stadium investor that a future Coventry board won't relocate the club all over again? Also what evidence does Sisu have to support the view that fans will return to watching the sky blues?

I think these a fundental questions which may be the real cause of the lack of progress being made to agree a new stadium deal.

Give me strength!!!!!

spider_ricoh · Mar 18, 2014

Going back a couple of years, they were talking about bringing in more investors to "share the burden" in their memorable phrase.

For whatever reason, new investors don't seem to be on the agenda unless these are SISU clients. TF said that the new stadium will be funded by taking on more debt, which will go against our club's name, not SISU or their investors. Thanks for that SISU - we don't need a new ground or more debt.

Of course it's all academic as the new stadium is about as likely as me winning a best actor Oscar.

RFC · Mar 18, 2014

spider_ricoh said:
Going back a couple of years, they were talking about bringing in more investors to "share the burden" in their memorable phrase.

For whatever reason, new investors don't seem to be on the agenda unless these are SISU clients. TF said that the new stadium will be funded by taking on more debt, which will go against our club's name, not SISU or their investors. Thanks for that SISU - we don't need a new ground or more debt.

Of course it's all academic as the new stadium is about as likely as me winning a best actor Oscar.

Glad you think so. Wake-up!

Broken Hearted Sky Blue · Mar 18, 2014

RFC said:
Glad you think so. Wake-up!

I do hope you are Pete Chambers

Grendel · Mar 18, 2014

RFC said:
Glad you think so. Wake-up!

A new stadium makes no commercial sense. Its not happening.

spider_ricoh · Mar 18, 2014

Grendel said:
A new stadium makes no commercial sense. Its not happening.

Agree - the only possibly way it could happen is if it gets built on the very cheap, with pretty temporary stands. The minute a return to the Ricoh was on the cards, the club could easily clear the site, sell the land on for brownfield development (probably housing) and only stand to make a small net loss at worst. Meanwhile they would be keeping up the pressure on ACL.

As I write this it seems unlikely, but certainly a Brighton-style arena must be out of the question.

Sky Blue Harry H · Mar 18, 2014

RFC said:
Glad you think so. Wake-up!

ok RFC, I'm awake. Indulge me - what do you think the 'plan' is - particularly if CCFC lose the JR. What support for the plan do you think there will be from the current stayaway fans ? What division do you think we will be in the season after next? Do you think either Calum or SP will be with us the season after next?

I love City, but if we've not moved, I'm going for L2, gone and gone. Over to you......

Grendel · Mar 18, 2014

Sky Blue Harry H said:
ok RFC, I'm awake. Indulge me - what do you think the 'plan' is - particularly if CCFC lose the JR. What support for the plan do you think there will be from the current stayaway fans ? What division do you think we will be in the season after next? Do you think either Calum or SP will be with us the season after next?

I love City, but if we've not moved, I'm going for L2, gone and gone. Over to you......

Ill save him the bother;

"IMHO support Pressley and the boys! PUSB!!!!'

Chez78 · Mar 18, 2014

Could the plan with the new stadium be to share it with Nuneaton, they are knocking on the football league door and I'm not sure the current ground would be up to standards. Just for the record I'm in the "it will never happen camp"

spider_ricoh · Mar 18, 2014

Chez78 said:
Could the plan with the new stadium be to share it with Nuneaton, they are knocking on the football league door and I'm not sure the current ground would be up to standards. Just for the record I'm in the "it will never happen camp"

That doesn't chime with the "building our own ground" rhetoric...another option could be to take over Hinkley's ground now they are out of business.

Jack Griffin · Mar 18, 2014

Chez78 said:
Could the plan with the new stadium be to share it with Nuneaton, they are knocking on the football league door and I'm not sure the current ground would be up to standards. Just for the record I'm in the "it will never happen camp"

If it is on plan then I think there will be some way (or prior arrangement) so it can be unloaded to another sporting club, e.g. relocated Coventry Bees, Solihull Moors FC, the NEC etc.. or who knows what, possibilities depend very much on where it might be located. Though my gut feeling is it will never be built as the FL will be told about lots of 'stumbling blocks' to progress.

spider_ricoh said:
That doesn't chime with the "building our own ground" rhetoric...another option could be to take over Hinkley's ground now they are out of business.

No chance, there is as much commercial sense in moving there as moving to Northampton, besides they are reforming the club as Hinckley AFC http://www.hinckleytimes.net/news/local-news/greene-king-dream-bid-hinckley-6732599

mrtrench · Mar 18, 2014

RFC said:
Give me strength!!!!!

I wish someone would give you some mental strength.

Sky Blue Harry H · Mar 18, 2014

Don't want to wander off thread too much, but is there a new someone special in your life Grendel? I've noticed a slight 'change' in tone - and more gentle humour than outright Grendelness (I know there's no such word, but couldn't find quite the right phrase) recently. Hope everything's ok with you? If you're being held hostage by someone with a more gentle disposition, just drop in the word 'bufoon' somewhere in the next couple of posts and I'll arrange a rescue party

letsallsingtogether · Mar 18, 2014

Ah AFC now that has a ring to it

Jack Griffin said:
If it is on plan then I think there will be some way (or prior arrangement) so it can be unloaded to another sporting club, e.g. relocated Coventry Bees, Solihull Moors FC, the NEC etc.. or who knows what, possibilities depend very much on where it might be located. Though my gut feeling is it will never be built as the FL will be told about lots of 'stumbling blocks' to progress.

No chance, there is as much commercial sense in moving there as moving to Northampton, besides they are reforming the club as Hinckley AFC http://www.hinckleytimes.net/news/local-news/greene-king-dream-bid-hinckley-6732599

skybluericoh · Mar 18, 2014

Found the new ground and it's in coventry ready for next season- No need for new investors either

Coventry - Virginia - only an 8 hour flight and 3 hour car drive for home games. Season tickets will be reduced to £5.00 to compensate the true fans. The rest of us will have to tune in to USA today for live commentary at 8.00 in the evenings. But the real bad news is that I've heard from a good source that they will be applying for a name change to ' Coventry Comets' in an attempt to drum up some local support. Other sources close to the club said the the SLT understand that this may upset some of the fans even more, but F&B sales should go up as the Americans have even bigger appetites then the stay away fans here, and although they may see a fall in pie sales, market research tells them to expect hot dogs and burgers to fly off the shelf.

letsallsingtogether · Mar 18, 2014

Can't beat a Rat burger on match days.

skybluericoh said:
Found the new ground and it's in coventry ready for next season- No need for new investors either

Coventry - Virginia - only an 8 hour flight and 3 hour car drive for home games. Season tickets will be reduced to £5.00 to compensate the true fans. The rest of us will have to tune in to USA today for live commentary at 8.00 in the evenings. But the real bad news is that I've heard from a good source that they will be applying for a name change to ' Coventry Comets' in an attempt to drum up some local support. Other sources close to the club said the the SLT understand that this may upset some of the fans even more, but F&B sales should go up as the Americans have even bigger appetites then the stay away fans here, and although they may see a fall in pie sales, market research tells them to expect hot dogs and burgers to fly off the shelf.

ccfcway · Mar 18, 2014

Coventry comets

2 complete disasters of businesses merge to create one super disaster

blueflint · Mar 18, 2014

RFC said:
Give me strength!!!!!

i wish you would find the strength to join the boycott

Samo · Mar 18, 2014

OyJimmy said:
Given that Sisu are just a hedge fund responsible for investing other peoples money the rather obvious question I have is this. Does Sisu actually have anyone lined up to fund the development of a stadium? Given that the stadium may be owned by a different Sisu entity to the one that owns Coventry what guarantee is there for the stadium investor that a future Coventry board won't relocate the club all over again? Also what evidence does Sisu have to support the view that fans will return to watching the sky blues?

I think these a fundental questions which may be the real cause of the lack of progress being made to agree a new stadium deal.

Do not does (sorry... couldn't help myself!)

Mr T - Sukka! · Mar 18, 2014

When is Disney land going to be built in the Coventry area?

We were going to be told this info in Feb. 3 weeks remember!

What do you mean its March?

Como · Mar 19, 2014

To sell a property investment you need an appropriate rate of return and a creditworthy tenant.

A Stadium unlike say a Shop does not have that many potential replacement tenants. See Ricoh.

kmj5000 · Mar 19, 2014

Sky Blue Harry H said:
ok RFC, I'm awake. Indulge me - what do you think the 'plan' is - particularly if CCFC lose the JR. What support for the plan do you think there will be from the current stayaway fans ? What division do you think we will be in the season after next? Do you think either Calum or SP will be with us the season after next?

I love City, but if we've not moved, I'm going for L2, gone and gone. Over to you......

Still looking for your strength RFC or are you are you simply as weak-minded as you appear?

The Gentleman · Mar 19, 2014

RFC said:
Give me strength!!!!!

Anabolic Steriods? HELP!!!!!!!!

Manchester_sky_blue · Mar 19, 2014

Just to consider our stadium issues from a more realistic perspective for a minute.......... what happens if Northampton get relegated as seems likely? They are not rolling in cash, an immediate return to the league could be tricky, especially with what funds they have been tied up in the redevelopment of Sixfields. With the Cobblers out of the league, we would presumably get preference on the fixtures so could go back to playing on a Saturday which might get a few more bums on seats. You might even see the odd Northampton fan coming to watch the Sky Blues instead. Buying in to an existing and soon to be expanded stadium looks a hell of lot more appealing to SISU than trying to build their own.

I said from the moment we left the Ricoh that there were only 3 possible outcomes; Liquidation, the council buckling and selling the Ricoh to SISU on the cheap or we end up staying in Northampton permanently. Council have made it pretty clear they don't want to sell and I imagine if they were going to liquidate it would have been done already. So...............

OyJimmy · Mar 19, 2014

But who provides the loans to build the stadium? My understanding is that it's not the banks normally but investors

chiefdave · Mar 19, 2014

Manchester_sky_blue said:
we would presumably get preference on the fixtures so could go back to playing on a Saturday

According to the rules this should have happened this season but the FL chose to ignore their own rules as usual. I imagine next season it will be scheduled so Northampton and us are at Sixfields on alternate Saturdays.

Warwickhunt · Mar 19, 2014

The Answer is YES!!!! they do and they are struggling to convince prospective investors to invest in Fresh Air

Warwickhunt · Mar 19, 2014

Manchester_sky_blue said:
Just to consider our stadium issues from a more realistic perspective for a minute.......... what happens if Northampton get relegated as seems likely? They are not rolling in cash, an immediate return to the league could be tricky, especially with what funds they have been tied up in the redevelopment of Sixfields. With the Cobblers out of the league, we would presumably get preference on the fixtures so could go back to playing on a Saturday which might get a few more bums on seats. You might even see the odd Northampton fan coming to watch the Sky Blues instead. Buying in to an existing and soon to be expanded stadium looks a hell of lot more appealing to SISU than trying to build their own.

I said from the moment we left the Ricoh that there were only 3 possible outcomes; Liquidation, the council buckling and selling the Ricoh to SISU on the cheap or we end up staying in Northampton permanently. Council have made it pretty clear they don't want to sell and I imagine if they were going to liquidate it would have been done already. So...............

"The Northampton Town Dons"

Manchester_sky_blue · Mar 19, 2014

chiefdave said:
According to the rules this should have happened this season but the FL chose to ignore their own rules as usual. I imagine next season it will be scheduled so Northampton and us are at Sixfields on alternate Saturdays.

Maybe so. I just have this awful feeling that Sixfields is now our permanent home. A name change from Coventry City to something less geographically specific is surely not far away.

spider_ricoh · Mar 19, 2014

Manchester_sky_blue said:
Maybe so. I just have this awful feeling that Sixfields is now our permanent home. A name change from Coventry City to something less geographically specific is surely not far away.

No chance

Manchester_sky_blue · Mar 19, 2014

spider_ricoh said:
No chance

Thats what i said when the notion of leaving the Ricoh was first mooted. Not a chance I said. Then look what happened......

With each passing day i am more and more convinced that the plan is to stay in Northampton and become franchise FC

Grendel · Mar 19, 2014

Manchester_sky_blue said:
Thats what i said when the notion of leaving the Ricoh was first mooted. Not a chance I said. Then look what happened......

With each passing day i am more and more convinced that the plan is to stay in Northampton and become franchise FC

Total unfounded garbage.

Noggin · Mar 19, 2014

There doesn't seem to be any logical reason I can see for moving to Northampton on a permanent basis. I see zero chance of that.

Sky Blue Pete · Mar 19, 2014

Much like moving there temporarily noggin

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