Still beats the s..t out of me how the council can put in such a small sum and end up owning the whole thing.The Higgs shares in ACL are for sale - They own 50% of ACL.
If the club (under any owner) buys those shares the club would own 50% of ACL - with ccc owning the remaing 50%.
ACL are a management company - they do not own the stadium as a physical unit. The bricks and mortar is owned solely by the council.
So becoming part of ACL does not mean owning part of the stadium, but owning part of a company operating the stadium.
All parties put in a lot more than ccfc.
I'm a bit confused as to what part of the Ricoh could actually be sold to the club (presumably PH4 as the council won't sell to SISU). I keep hearing about a "half share" which I assume is the stake the Higgs has got in the stadium.
Am I right in thinking that the club would own 50% (ie. the Higgs share) but ACL would still own 50% (ACL in reality being cov council)?
I don't want to sound naive, but seems to me the council would be holding us back if they didn’t sell up. Would just 50% of the stadium be enough to sustain us, under fair play rules, income streams etc.
Much as I do not want SISU involved, their idea of building a new ground which would ultimately be 100% owned by the club makes sense from a business point of view, because of the fair play rules as above. So, would ACL/Council be willing to sell the whole of the Ricoh to the club (PH4) and forego any money coming in - for the benefit of the club?
All parties put in a lot more than ccfc.
yeah, but the problem is, all parties want a hell of a lot more to sell then they actually stumped up in the first place!</p>
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<p>The club should should own the ground, end of, the council should sell 100% at the going rate
They may have put in a relatively small amount themselves, but other contributions, from Advantage West Midland and the EU for example, could only be got through the council's involvement, and they guaranteed the £21m loan that completed the funding.
Monetary yes, but if it wasn't for CCFC, that part of the city would look a whole lot different. The Olympics wouldn't have come, Oasis, Take That, England U21s, Ladies FA Cup Final etc - There'd have been no where in Coventry for those events. So, financially, CCFC didn't make as big a contribution but they were instumental in facilitating the build.
Monetary yes, but if it wasn't for CCFC, that part of the city would look a whole lot different. The Olympics wouldn't have come, Oasis, Take That, England U21s, Ladies FA Cup Final etc - There'd have been no where in Coventry for those events. So, financially, CCFC didn't make as big a contribution but they were instumental in facilitating the build.
All parties put in a lot more than ccfc.
id love to see some proof of that statement.. i thought it was totally the opposite. where did you get this idea from ?
The Higgs shares in ACL are for sale - They own 50% of ACL.
If the club (under any owner) buys those shares the club would own 50% of ACL - with ccc owning the remaing 50%.
ACL are a management company - they do not own the stadium as a physical unit. The bricks and mortar is owned solely by the council.
So becoming part of ACL does not mean owning part of the stadium, but owning part of a company operating the stadium.
Do you really think sisu would follow through on there plans to build a new ground because I dont.
PDF]can you repost please.. i did see an analysis someone posted on here a while back.. but again, it showed totally the opposite to what you claim, it showed the club had put the most into the stadium project
can you repost please.. i did see an analysis someone posted on here a while back.. but again, it showed totally the opposite to what you claim, it showed the club had put the most into the stadium project
can you repost please.. i did see an analysis someone posted on here a while back.. but again, it showed totally the opposite to what you claim, it showed the club had put the most into the stadium project
Nonsense, the club put in about £6M then sold it to the Higgs charity for about £6M (and an option to repurchase by agreed formula before 2015).. net result they put in virtually no finance.
Net including the land sale how much did the council put in?
True, and we would have had to go cap in hand to groundshare somewhere at that point becuase we'd sold our ground and would have had nowhere to play.In fact there would still be great feckin gas towers standing in that area and it would still be a shithole !
True, and we would have had to go cap in hand to groundshare somewhere at that point becuase we'd sold our ground and would have had nowhere to play.
Doesn't really matter they are the owners and therefore have the right to sell it for what they see as a reasonable price just like you and me who own houses or anything else. even at 100 :blue::blue:million would give sisu my spit.
As for a new owner that is for them to negotiate.
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