Good sensible post (just for a change on this site!).
They can and will make it happen, at least that's what I believe.
Yes giving Wasps rent and revenue ad infinitum is the way forward.
Who do you propose we give it tp, seeing as we didn't want to buy the Ricoh? Would you rather it given to the owners of Sixfields?
So basically its the same as how the owners of leicester have set up the club and the stadium??? And i'm sure Arsenals is the same?? and if the listed clubs there are the same what's the problem if it happens??? If it happens it needs to happen of course but can sisu make it happen???
Arsenal has to make huge sacrifices in order to pay for their stadium for years their budget was reduced to allow them to build a new stadium
"The board and main shareholders chose the debt option at the time, which led to Arsenal going almost 10 years without winning a domestic title or the Champions League"
Arsenal has to make huge sacrifices in order to pay for their stadium for years their budget was reduced to allow them to build a new stadium
"The board and main shareholders chose the debt option at the time, which led to Arsenal going almost 10 years without winning a domestic title or the Champions League"
Again your lack of historical context embarrasses you. The move to the new stadium has positively impacted the club. Arsenal had an average league position of 7th in the 30 years before Wenger - they have finished no lower than 4th at the Emirates.
Again your lack of historical context embarrasses you. The move to the new stadium has positively impacted the club. Arsenal had an average league position of 7th in the 30 years before Wenger - they have finished no lower than 4th at the Emirates.
Arsenal are now in a much stronger position for it financiallyAgain you need to think before writing. This is getting silly ( well you are TBF each and every time)
The point I was making was they choose the debt route (member of their board quoted) . So if as the other poster pointed out we are following the Arsenal model we too are choosing a route involving debt.
Same question as before need answering
How much debt for us?
Will the increased interest cancel out the increase in revenue for FFP in comparison to now.
It's not quite that straightforward. The nature of the financing deals they made meant there was an obvious short-term impact on their transfer budget. Long term, it's a big net benefit, but it's come at a cost.
And if we're cherry picking stats about Arsenal here - if you just focus on the Wenger era, they only finished out of the top two once at Highbury. Since they moved they're yet to finish second.
I think their lack of an oligarch in an era where one is almost compulsory to succeed in English football has more to do with that than their new ground.
I think their lack of an oligarch in an era where one is almost compulsory to succeed in English football has more to do with that than their new ground.
Whereas we have just made huge sacrifices. And we continue to do so.Arsenal has to make huge sacrifices in order to pay for their stadium for years their budget was reduced to allow them to build a new stadium
"The board and main shareholders chose the debt option at the time, which led to Arsenal going almost 10 years without winning a domestic title or the Champions League"
http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-would-pay-8797060
Mr Fisher said any new stadium build would likely take place under a structure known as a “propco-opco” arrangement.
In simple terms that would involve setting up a property company to raise funds and build the stadium, while a separate stadium operating company – the football club in this instance – would operate the venue and benefit from all the revenues generated at the stadium.
However, there would also be a commitment from the operating company to enter into a rental agreement with the property company to allow the club to receive all stadium revenues, both matchday and non-matchday.
That would allow any debts accrued by the property company – such as those acquired in the construction of the stadium – to be kept separate from the operating company.
Mr Fisher said: “The capital cost would be met by a separate company, a property company.
“That’s the norm throughout football whenever projects like this are undertaken.
“The absolutely crucial thing here is that the football club would benefit from all matchday and non-matchday revenues generated at the stadium.
I'm a customer along with thousands of others who focus & concentrate on giving our support to the manager & team and not be constantly side-tracked by a crazy obsession regarding our owners (whoever that's been in the past, or for that matter in the future!).
If I understand this correctly it's not different from the setup with the Ricoh - only different owners.
.
What development company, major house builder, major retail chain is going to jump into bed with someone with no track record in development, has a very public track record of taking the parties that they are/were involved with to court on a whim and have a proven track record of not being able to organise a piss up in a brewery.
If by any chance they did buy some land, that land was in a location that sat well with fans meaning we'd get behind it and they actually got someone on board to do the development it would still be a bigger fuck up than Arena 2000 if for no other reason than SISU are involved. You've only got to look at their achievements since their arrival to see that. This new stadium will be the death of the club.
Mr T Fisher is pleased to announce the venue for our first Piss up in a Brewery event
Yes giving Wasps rent and revenue ad infinitum is the way forward.
Unfortunately it is the only way forward,.
Unless WASPS somehow go bust; and that is not going to happen any time soon, I feel the new stadium is the only option open to SISU.
They've veered from one disaster to another, but they have never looked at CCFC from a fans perspective. The biggest surprise for me is that; not knowing anything about football finances, due diligence being ignored, they bring in all these characters that are (not very good).
Would have loved to be at those auditions....it is a new sit-com , sorry murder mystery.
It isn't.
I think WASP are going to find it very difficult to sustain the Rico and will need to give more away to CCFC in oder to remain viable themselves. Eventually a deal may surface, if not for SISU maybe for a new owner of the football club.
Can't help thinking where we're the Hoffman/Elliot cartel when WASP were making their play? They had the council on their side didn't they...
Unfortunately it is the only way forward,.
Why is he talking about getting a new stadium for upwards of £25M when Sisu could have had the Ricoh for effectively the same price.
The new stadium will be far inferior, not owned by CCFC and not in Coventry.
All incomes will be at the whim of Sisu and all incomes from any related infrastructures will be Sisu's.
We might as well rent off Wasps than rent off Sisu.
Sisu are Idiots if they expect fans to believe this crap.
It's not the only way forward
So SISU are going to spend 30m+ buying land and building a new stadium for us....and then charge us the average rent of just over 100k PA. And here was me thinking that they are doing their best to reduce losses.
So if it is worth taking on so much debt why was it wrong to take on the Ricoh for about the same amount of debt that is in a good location and includes much more than just a football stadium?
It's not the only way forward
So SISU are going to spend 30m+ buying land and building a new stadium for us....and then charge us the average rent of just over 100k PA. And here was me thinking that they are doing their best to reduce losses.
So if it is worth taking on so much debt why was it wrong to take on the Ricoh for about the same amount of debt that is in a good location and includes much more than just a football stadium?
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