Non AMP
Sky Blues Talk
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Doug King live on air Monday (2 Viewers)

  • Thread starter AFCCOVENTRY
  • Start date Jun 16, 2023
Forums New posts
Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • …
  • 17
Next
First Prev 3 of 17 Next Last

slowpoke

Well-Known Member
  • Jun 19, 2023
  • #71
bigfatronssba said:
If what he just said is true, that it was working out at £50 a game, then it clearly was too cheap
Click to expand...
I was told a bit back that there were arrests made from one box for fighting and two ejected another week by the police who were on banning orders, if King wants to attract I hate to say it but “better”class business corporates he’s got to get rid of ne’er do wells I’m afraid.
 
Reactions: Sky Blue Dal, chiefdave, DannyThomas_1981 and 1 other person

AFCCOVENTRY

Well-Known Member
  • Jun 19, 2023
  • #72
Bottom line. It’s a corporate box and should be used by ‘real’ corporates to put money into our club.
 
Reactions: Sky Blue Dal, Fergusons_Beard and mmttww

Ccfcisparks

Well-Known Member
  • Jun 19, 2023
  • #73
slowpoke said:
I was told a bit back that there were arrests made from one box for fighting and two ejected another week by the police who were on banning orders, if King wants to attract I hate to say it but “better”class business corporates he’s got to get rid of ne’er do wells I’m afraid.
Click to expand...
This is going to cause a storm on here.
 

Colin Steins Smile

Well-Known Member
  • Jun 19, 2023
  • #74
I thought DK came across pretty well and gave his reasoning for the changes in the corporate box prices.
My main "take" from the discussion was:
1. DK is funding the infrastructure - which my guess is circa 2-3 million.
2. DK will service the interest on operating loses in the next few years.
3. The revenues generated from ST's, Corporates, EFL payments and player transfers will fund the squad.
4. No new money to the academy ...yet.
 
Reactions: RegTheDonk, RoboCCFC90 and Sky Blue Pete

olderskyblue

Well-Known Member
  • Jun 19, 2023
  • #75
slowpoke said:
I was told a bit back that there were arrests made from one box for fighting and two ejected another week by the police who were on banning orders, if King wants to attract I hate to say it but “better”class business corporates he’s got to get rid of ne’er do wells I’m afraid.
Click to expand...
he can attract business corporates, but has no control over who they invite to their box. You can get some middle aged herberts and in there who drink too much, and act like nobs.
Ffs, I was invited to boxes in my middle age by corporates, so there’s proof if you needed it…
 
Reactions: DannyThomas_1981 and Deleted member 5849
D

djr8369

Well-Known Member
  • Jun 19, 2023
  • #76
Colin Steins Smile said:
I thought DK came across pretty well and gave his reasoning for the changes in the corporate box prices.
My main "take" from the discussion was:
1. DK is funding the infrastructure - which my guess is circa 2-3 million.
2. DK will service the interest on operating loses in the next few years.
3. The revenues generated from ST's, Corporates, EFL payments and player transfers will fund the squad.
4. No new money to the academy ...yet.
Click to expand...
Oh he’s only funding interest on loses, not the loses? No wonder he is desperate to get income up.

I guess a recording will be up at some point?
 

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #77
Colin Steins Smile said:
I thought DK came across pretty well and gave his reasoning for the changes in the corporate box prices.
My main "take" from the discussion was:
1. DK is funding the infrastructure - which my guess is circa 2-3 million.
2. DK will service the interest on operating loses in the next few years.
3. The revenues generated from ST's, Corporates, EFL payments and player transfers will fund the squad.
4. No new money to the academy ...yet.
Click to expand...

L1 wage bill then. Basically the same as Sisu.
 
Reactions: Matt smith

Colin Steins Smile

Well-Known Member
  • Jun 19, 2023
  • #78
djr8369 said:
Oh he’s only funding interest on loses, not the loses? No wonder he is desperate to get income up.

I guess a recording will be up at some point?
Click to expand...
I probably didn't word that well. What I meant was:
* Given the club is supposedly "debt free"....the club would now make an operating loss each year and DK would fund the interest payments on those loses. Hence, the club will start to be in debt, albeit not to the anyway near the level SISU claimed.
 

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #79
Has anyone asked Doug what he thinks he brings to the table as owner? Would be interested to hear his reply, I’m guessing the usual about being a great businessman. But I’d really like to know why someone buys a club at this level with no intention of putting money in.
 
Reactions: Sky Blue Dal, TTG, Porkchophill and 8 others

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #80
Colin Steins Smile said:
I probably didn't word that well. What I meant was:
* Given the club is supposedly "debt free"....the club would now make an operating loss each year and DK would fund the interest payments on those loses. Hence, the club will start to be in debt, albeit not to the anyway near the level SISU claimed.
Click to expand...

Interest payments to who? Who is financing the debt?
 
K

KenilworthSkyBlue

Well-Known Member
  • Jun 19, 2023
  • #81
shmmeee said:
L1 wage bill then. Basically the same as Sisu.
Click to expand...

Was it ever really going to be that much different under DK that it was under SISU?

A player sale is pretty much still going to be needed every season in order to keep losses at a minimum.
 

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #82
KenilworthSkyBlue said:
Was it ever really going to be that much different under DK that it was under SISU?

A player sale is pretty much still going to be needed every season in order to keep losses at a minimum.
Click to expand...

Why buy the club? Genuinely confused. The plan is just to hope the manager performs a miracle?
 
Reactions: Sky Blue Dal, its a buzzard, AOM and 5 others

Colin Steins Smile

Well-Known Member
  • Jun 19, 2023
  • #83
shmmeee said:
Interest payments to who? Who is financing the debt?
Click to expand...
Hedge fund investors seems to be the normal route
 
D

Deleted member 5849

Guest
  • Jun 19, 2023
  • #84
Ccfcisparks said:
He clearly has excellent business acumen
Click to expand...
As good as SISU's good business sense?
 
K

KenilworthSkyBlue

Well-Known Member
  • Jun 19, 2023
  • #85
shmmeee said:
Why buy the club? Genuinely confused. The plan is just to hope the manager performs a miracle?
Click to expand...

Same reason SISU did really. He sees a real business opportunity to get the club to the PL and feels MR can deliver that.
 
K

KenilworthSkyBlue

Well-Known Member
  • Jun 19, 2023
  • #86
shmmeee said:
Interest payments to who? Who is financing the debt?
Click to expand...

It was never going to be his own money funding the buy-out of the club.
 

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #87
KenilworthSkyBlue said:
Same reason SISU did really. He sees a real business opportunity to get the club to the PL and feels MR can deliver that.
Click to expand...

Sisu spent when they arrived.
 

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #88
KenilworthSkyBlue said:
It was never going to be his own money funding the buy-out of the club.
Click to expand...

Hang on that’s something different. If he bought the club with debt then he lied about us being debt free. Regardless I’m talking about operating losses from here out. Sisu lent us cash at extortionate rates. Is that was King plans to do as well? Would be nice if someone a bit more with it than the average BBC reporter could ask the questions TBH.
 
Reactions: its a buzzard
D

Deleted member 5849

Guest
  • Jun 19, 2023
  • #89
So what's the plan when the debt increases?
 
Reactions: Sky Blue Pete
D

Deity

Well-Known Member
  • Jun 19, 2023
  • #90
KenilworthSkyBlue said:
Was it ever really going to be that much different under DK that it was under SISU?

A player sale is pretty much still going to be needed every season in order to keep losses at a minimum.
Click to expand...
The same the football world over with the exception of a very small number of clubs
 

slowpoke

Well-Known Member
  • Jun 19, 2023
  • #91
They did, they spent a bit and sold a lot.
 
Reactions: Sky Blue Pete

CovLad94

Well-Known Member
  • Jun 19, 2023
  • #92
CCFCSteve said:
Viks going for 50p ? King out !
Click to expand...
Tbf Joy would have sold him for a Louis Vuitton bag
 

Sky Blue Pete

Well-Known Member
  • Jun 19, 2023
  • #93
Deleted member 5849 said:
So what's the plan when the debt increases?
Click to expand...
Sell
 
K

KenilworthSkyBlue

Well-Known Member
  • Jun 19, 2023
  • #94
shmmeee said:
Sisu spent when they arrived.
Click to expand...

Because the club had few if any sellable assets at the time to essentially keep the club solvent in the initial years along with funding transfer spend.

In Hamer and Gyokeres DK is sitting on £25-£30m of capital which he can use to bridge the gap without having to rely heavily on external investment.
 

slowpoke

Well-Known Member
  • Jun 19, 2023
  • #95
shmmeee said:
Hang on that’s something different. If he bought the club with debt then he lied about us being debt free. Regardless I’m talking about operating losses from here out. Sisu lent us cash at extortionate rates. Is that was King plans to do as well? Would be nice if someone a bit more with it than the average BBC reporter could ask the questions TBH.
Click to expand...
Why didn’t you phone up and ask then ?
 

shmmeee

Well-Known Member
  • Jun 19, 2023
  • #96
slowpoke said:
Why didn’t you phone up and ask then ?
Click to expand...

Despite appearances on here, I have a job
 
Reactions: Porkchophill, its a buzzard, mmttww and 3 others

fernandopartridge

Well-Known Member
  • Jun 19, 2023
  • #97
pusbccfc said:
If people want to take kids to the corporate areas, they need to pay the price.

I agree with him. It's a waste of a seat if a kid is getting in on the cheap and it could be sold for twice the price to an adult.
Click to expand...

You could use that same ridiculous logic about general admission tickets
 
Reactions: 3generations skyblue
D

Deleted member 5849

Guest
  • Jun 19, 2023
  • #98
fernandopartridge said:
You could use that same ridiculous logic about general admission tickets
Click to expand...
Banning children appears to be the answer.

And pensioners.
 
Reactions: 3generations skyblue
H

Happy_Martian

Well-Known Member
  • Jun 19, 2023
  • #99
torchomatic said:
Shame over 15 minutes of the 20 was taken up with Corporate prices for boxes. Something that will never affect 99% of us. That said, thought he answered the criticisms well.
Click to expand...

pusbccfc said:
Agreed. Upton and CWR wasting time on boxes was disappointing if they knew he was only on for 20 minutes.
Click to expand...

It's been said before that Upton and most of the regular CWR presenters are more fans than effective news or sports interviewers but to be fair to him, he did say beforehand that the main reason was the hulabaloo around the pricing of the corporate hospitality and season tickets.

If you'd wanted answers for other questions, it could be that's lined up for another Q&A in the future. As it happens, the 20 minutes was used to answer fans on the topic raised.
 

BrisbaneBronco

Well-Known Member
  • Jun 19, 2023
  • #100
I smelt a rat when DK said that player sales would not used to pay off debt, yet when he took over, we were supposed to be debt free. Unless of course he is referring to future debt such as him financing infrastructure.
Am still of the opinion that for whatever reason, SISU have brought him in to facilitate a sale and that proceeds from said sale will ultimately end up in SISU's pockets less DKs commission.
Don't like MA, but feel he will end up owning us.
 
Reactions: MAFF, Saddlebrains and I_Saw_Shaw_Score
S

skyblu3sk

Well-Known Member
  • Jun 19, 2023
  • #101
shmmeee said:
Hang on that’s something different. If he bought the club with debt then he lied about us being debt free. Regardless I’m talking about operating losses from here out. Sisu lent us cash at extortionate rates. Is that was King plans to do as well? Would be nice if someone a bit more with it than the average BBC reporter could ask the questions TBH.
Click to expand...
Did you listen to the interview itself or are you pulling your view from posters on here?
 
C

coop

Well-Known Member
  • Jun 19, 2023
  • #102
shmmeee said:
Sisu spent when they arrived.
Click to expand...
1 million I think spent on Scott Dan and Danny Fox I think.
 

Telfer85

Well-Known Member
  • Jun 19, 2023
  • #103
Nowhere in that interview did DK say he wouldn’t be putting money into the team. All he said was by increasing revenues it allows us to become more competitive with the top teams in this division. He’s also not going to be shouting from the rooftops what our budget is as that just weakens our hand in any negotiations. Robins has always played the budget down and that won’t change.

My take he is well aware this is going to make him a loss unless he gets to the prem. I don’t think our strategy of buying low selling high is gonna change massively anytime soon. I do think there will be with investment from king and whoever is backing him plus the increased revenues we will be more competitive than we have been for players in terms of wages and spending reasonable fees for players.

if people think we are gonna be spending 4/5 mil on one player or in excess of that then I’m not sure what you were expecting from DK. He keeps mentioning 3 out of 5 years for playoffs so he’s obviously set himself a 5 year target. My thinking is if we are not in the prem by then he cuts his losses and puts us up for sale.
 
Reactions: SkyBlueSam01
H

Happy_Martian

Well-Known Member
  • Jun 19, 2023
  • #104
coop said:
500k spent on Scott Dan and the other one can't remember his name wasn't it.
Click to expand...
Danny Fox, both from Walsall
 
Reactions: Colin Steins Smile
D

Deleted member 5849

Guest
  • Jun 19, 2023
  • #105
coop said:
1 million I think spent on Scott Dan and Danny Fox I think.
Click to expand...
Dann, Fox, Eastwood, Westwood were the headline ones, although Dann was more than that I think.
 
Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • …
  • 17
Next
First Prev 3 of 17 Next Last
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Share:
Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
  • Default Style
  • Contact us
  • Terms and rules
  • Privacy policy
  • Help
  • Home
Community platform by XenForo® © 2010-2021 XenForo Ltd.
Menu
Log in

Register

  • Home
  • Forums
    • New posts
    • Search forums
  • What's new
    • New posts
    • Latest activity
  • Members
    • Current visitors
  • Donate to the Season Ticket Fund
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?