I think I will back Hoffman on this one, being a top level banker (spelt with a B) when it comes to big finance i am confident he will know how to do it.
Nothing to do with being a banker.
If he has already secured the money and the interest paid is minimal it is a good offer. It's just unclear if the money is already secured. If it is that's £1.2 million of secured funds.
Don't understand what's in it for the people providing the funds.
Nothing to do with being a banker.
If he has already secured the money and the interest paid is minimal it is a good offer. It's just unclear if the money is already secured. If it is that's £1.2 million of secured funds.
Don't understand what's in it for the people providing the funds.
Nothing to do with being a banker.
If he has already secured the money and the interest paid is minimal it is a good offer. It's just unclear if the money is already secured. If it is that's £1.2 million of secured funds.
Don't understand what's in it for the people providing the funds.
I'll pay the rent of £400,000
Just give me £937,500 of ticket money.
Great deal - why did they turn that down?
Don't understand what's in it for the people providing the funds.
I'll pay the rent of £400,000
Just give me £937,500 of ticket money.
Great deal - why did they turn that down?
Freedom of the city and every first born daughter when she turns 21.
Nothing to do with being a banker.
If he has already secured the money and the interest paid is minimal it is a good offer. It's just unclear if the money is already secured. If it is that's £1.2 million of secured funds.
Don't understand what's in it for the people providing the funds.
Trust Response to Hoffman Ricoh Offer
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Following today's Coventry Telegraph story reporting Gary Hoffman's offer to pay the rent at the Ricoh Arena for the next 3 seasons in a move to ensure Coventry City remains in Coventry, The Sky Blue Trust have been in contact with the Football League who confirmed that they have seen this and that it has been passed on to the relevant members of the Football League Board.
They also added that the reason the board took the decision to sanction the move to Northampton was because they believed they had a stark choice - allow the club to play at Northampton or have nowhere to play.
We dispute that this is the case and have demanded to meet urgently with those that actually made this decision. We have been advised that it is not too late for this decision to be reversed as the decision made was that Coventry can play at Northampton, not that they must play at Northampton. If we can prove a better alternative exists the board may then reconsider.
We will therefore be making these representations and hope to meet with the Football League board at the earliest opportunity. We will keep you updated of any developments.
http://www.skybluetrust.co.uk/index...ews/275-trust-response-to-hoffman-ricoh-offer
I'd try reading it again - perhaps a little more slowly this time....
Maybe they are either Cov fans....or even ready to take us over once SISU know they have no chance of getting the Ricoh for peanuts.
All of a sudden life is looking much rosier
I'll pay the rent of £400,000
Just give me £937,500 of ticket money.
Great deal - why did they turn that down?
We have been advised that it is not too late for this decision to be reversed as the decision made was that Coventry can play at Northampton, not that they must play at Northampton. If we can prove a better alternative exists the board may then reconsider.
Yes you are right, there does seem to be an element of cost involved.
But I don't think it's just that.
There have been posts on here saying "what would you do if you were the owner?"
That implicitly implies "If you were the owner you would expect to be able to make your own choice over what to do!"
I think SISU after trying to negotiate a cheaper rent have realised that they don't want to rent but want to "own" along with all income streams.
They have futher realised that they don't need to own the Ricoh in particular - any stadium that the club are using will be just as valuable to them. An empty stadium is little use to anybody!
The councils animosity is understandable but lamentable. "We have built you a nice stadium we expect you to use that. Try snd get planning permission off us fot another one!". The truth is they are taking advantage of the clubs presence to finance the stadium - without the club it is unlikely to work! SISU do not care if it works or not without them, they don't need to bring the Ricoh down to make their alternative stadium work.
Lamentable as the council attitude is, it is that attitude that is solely responsible fot the new stadium being "just outside Coventry"rather thsn within. If the council could be expected to be impartial or better welcome a planning applicacation for a new stadium inside Coventry - SISU would probably be happy to build it there!
imp:
Ok they want to build a new ground so what was to stop them taking up the offer for three years you are so predictable its untrue
Ok they want to build a new ground so what was to stop them taking up the offer for three years you are so predictable its untrue
This Hoffman offer will gain massive legs nationwide. The national papers and national media will all report it and sisu rejecting it will put massive pressure on first the FL and also the FA who oversee football in this country and are definitely in the sights of Government legislation. As said ACL rejecting the cva proposals puts Appleton on the spot too. I wonder in time to come a film will be made of all this
I'll pay the rent of £400,000
Just give me £937,500 of ticket money.
Great deal - why did they turn that down?
Would ACL even agree a short term 3-5 year rental deal?
I reckon they would, they know as well as we do Fisher is never going to build another stadium.
when will some fans understand? this is not about the Ricoh anymore. its about destroying ACL. like any good business sisu will need to protect their own business by destroying anyone who causes them to lose money. the short story here is ACL took the strong hand approach while sisu simply bid their time. now acl and its supporters are begging for understanding. ffs grow some balls hoffman, offer 100 million for the club and its yours, but dont expect Sisu to simply let you have it for nothing or next to nothing not even covering the debts.
the 'hoffer' is having a laugh with the 'ill pay the rent' milarky'. fisher is doing the right thing - saying put your money where your mouth is
ffs grow some balls hoffman, offer 100 million for the club and its yours, but dont expect Sisu to simply let you have it for nothing or next to nothing not even covering the debts.
What will happen if ACL find a viable alternative use......
Huge gamble with the future of our club
Swap "SISU" for ACL/CCC and "the club" for the Ricoh Arena.
I suppose you also agree with that scenario, given your desire to see companies protecting their businesses?
when will some fans understand? this is not about the Ricoh anymore. its about destroying ACL. like any good business sisu will need to protect their own business by destroying anyone who causes them to lose money. the short story here is ACL took the strong hand approach while sisu simply bid their time. now acl and its supporters are begging for understanding. ffs grow some balls hoffman, offer 100 million for the club and its yours, but dont expect Sisu to simply let you have it for nothing or next to nothing not even covering the debts.
the 'hoffer' is having a laugh with the 'ill pay the rent' milarky'. fisher is doing the right thing - saying put your money where your mouth is
when will some fans understand? this is not about the Ricoh anymore. its about destroying ACL. like any good business sisu will need to protect their own business by destroying anyone who causes them to lose money. the short story here is ACL took the strong hand approach while sisu simply bid their time. now acl and its supporters are begging for understanding. ffs grow some balls hoffman, offer 100 million for the club and its yours, but dont expect Sisu to simply let you have it for nothing or next to nothing not even covering the debts.
the 'hoffer' is having a laugh with the 'ill pay the rent' milarky'. fisher is doing the right thing - saying put your money where your mouth is
Like any 'good business'. What do you do for a job?
Businesses don't 'destroy' each other. Yes, you aim to build market share to the detriment of your contemporaries; but you don't set out to 'destroy' each other, FFS
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