If SISU bought the stadium... (1 Viewer)

Bennets Afro

Well-Known Member

• Sep 6, 2011

• #1

... would it an asset of the football club or of SISU?

 

Gray

Well-Known Member

• Sep 6, 2011

• #2

Both.....?

 

cov_russell

Facebook User

• Sep 6, 2011

• #3

It would be an asset of the club which is an asset of SISU so both.

 

Bennets Afro

Well-Known Member

• Sep 6, 2011

• #4

So could they sell it like they did prozone?

 

C

Cov 4 Prem

New Member

• Sep 6, 2011

• #5

SISU Will never buy the Ricoh as far as I am concerned.

If they do - It will not benefit the club in any shape or form because all money made from it will just go straight back into their kitty.

They will see it as something to rebuff money not an opportunity for the club to bring in money.

 

cov_russell

Facebook User

• Sep 6, 2011

• #6

I would imagine that hypothetically if they did manage to buy a share, the council or AHC would add clauses in the deal to prevent SISU selling it on separate from the club.

 

PhilWasn'tBabb

New Member

• Sep 6, 2011

• #7

Yeah, given their track record I think SISU have there hands on the ground would be a bad thing. I'm sure that they would structure it in such a way that they could sell the club and keep hold of the ground, then we really would in the poo.

 

R

Regis87

Active Member

• Sep 6, 2011

• #8

If Sisu buy the stadium .......

I will bare my arse in Broadgate

 

sw88

Chief Commentator!

• Sep 6, 2011

• #9

Regis87 said:

If Sisu buy the stadium .......

I will bare my arse in Broadgate

Click to expand...

Christ, peeping tom will have a field day with you and Lady Godiva

 

sw88

Chief Commentator!

• Sep 6, 2011

• #10

City Council will never sell their share to SISU (if at all), and they also have to vito any offer made to Alan Higgs Trust, so therefore I dont believe SISU will ever get their hands on any share in the Ricoh!

Plus, if they did they'd prob try and rebrand it the SISU arena

Out of interest, does anyone remember what deal RICOH signed to sponsor the stadium? Im sure it was a 10 yr deal. If so, Wont this be up soon??

 

Waldorf

New Member

• Sep 7, 2011

• #11

My info is the council have already put the veto on Sisu buying the Alan Higgs shares, because they didn't have a credible business plan for the stadium's development. That's developing the business by the way, not pulling it down & building something else!

 

Bertola

Well-Known Member

• Sep 7, 2011

• #12

sw88 said:

City Council will never sell their share to SISU (if at all), and they also have to vito any offer made to Alan Higgs Trust, so therefore I dont believe SISU will ever get their hands on any share in the Ricoh!

Plus, if they did they'd prob try and rebrand it the SISU arena

Out of interest, does anyone remember what deal RICOH signed to sponsor the stadium? Im sure it was a 10 yr deal. If so, Wont this be up soon??

Click to expand...

It was 10 years, it was announced in 05, so we've got 4 more years of it being the Ricoh, then it could be anything

 

oldskyblue58

CCFC Finance Director

• Sep 7, 2011

• #13

As it stands If they own anything it will be the shares in ACL and that company owns the long leasehold of the stadium. The council own the freehold. It will be the SBS&L Group that would own those shares most likely. The SISU funds own the shares in SBS&L not SISU

Also I dont think we can say the council would never sell to club their shares..... conditions do not match the criteria they set down now but that doesnt mean they wont in the future

 

shmmeee

Well-Known Member

• Sep 7, 2011

• #14

Knowing who Waldorf is I trust his sources completely. It makes sense that if SISU can't come up with a credible plan then the council will not sell.

Strange that they can't though. Wasnt there a board member with ties to AEG who manage stadiums worldwide? Or did I imagine that?

 

Paxman II

Well-Known Member

• Sep 7, 2011

• #15

Well it's a bit like planning regulations in as much that the letter of law must be adhered to or risk challenge.
CCFC has a contracted option with an expiry date. They just need to exercise it. The council can't simply argue the 'club' changed hands and we don't like the current ownership!

 

G

Godiva

Well-Known Member

• Sep 7, 2011

• #16

Ranson said when he and sisu took over that he promised:
Financial stability and a platform to achieve its commercial and sporting aspirations, which were promotion to the Premiership followed by repurchase of a 50% share in the club’s swish, lucrative Ricoh Arena home.

In other words:
First balancing the books
Then gain promotion to PL
Finally buy half the stadium.

He failed at the first test.