If we do not pay rent can we still play at Ricoh (1 Viewer)
- Thread starter Glen
- Start date
Grendel
Well-Known Member
Glad to see someone is going for the most stupid post of the day early.:facepalm::facepalm:
kepit 2 yusen
New Member
It's not a stupid question for him do obviously it's not stupid !! Can't understand these types constantly knocking fellow supporters for putting their views across. Give the bloke a chance !
Brighton Sky Blue
Well-Known Member
The rent money is currently coming from a £500k deposit put down by the club some time back. This will run out in August if we continue not paying it ourselves-only then in September would we begin being liable for rent.
CJparker
New Member
I thought the deposit was £300k and was due?
I reckon with the accounts being filed and funding agreed, a deal has been done on the rent.
As an aside, I cannot think of another single supposedly reputable company that arbitrarily withholds rental payments just because it thinks the rent is too high - they've been paying it for 4 years without a murmer!
I reckon with the accounts being filed and funding agreed, a deal has been done on the rent.
As an aside, I cannot think of another single supposedly reputable company that arbitrarily withholds rental payments just because it thinks the rent is too high - they've been paying it for 4 years without a murmer!
oldskyblue58
CCFC Finance Director
ground share with nuneaton.................... except
- The ground wont meet FL standards
- It would mean a rewrite of our fixtures and theirs
- we would still be liable under terms of current lease at Ricoh
- we would have to pay rent on use of nuneaton ground
- we wouldnt have a share of the other income at either ground
- our budget for income would be slashed further because nuneaton does not have the capacity or infra structure
- slashed income budget means less to pay out on player
- would nuneaton want to us, they seem to be doing ok for themselves ..... even signing up a decent squad
- would the fact that club no longer in Coventry affect crowds further ?
apart from that and other factors its a great idea ........ CCFC and ACL are actually better off with rent free at the Ricoh than doing that
- The ground wont meet FL standards
- It would mean a rewrite of our fixtures and theirs
- we would still be liable under terms of current lease at Ricoh
- we would have to pay rent on use of nuneaton ground
- we wouldnt have a share of the other income at either ground
- our budget for income would be slashed further because nuneaton does not have the capacity or infra structure
- slashed income budget means less to pay out on player
- would nuneaton want to us, they seem to be doing ok for themselves ..... even signing up a decent squad
- would the fact that club no longer in Coventry affect crowds further ?
apart from that and other factors its a great idea ........ CCFC and ACL are actually better off with rent free at the Ricoh than doing that
oldskyblue58
CCFC Finance Director
we are still liable BSB even if paid from the deposit account. The deposit forms part of the rent agreement and needs to be replenished unless the landlord agrees to reduce it.
Brighton Sky Blue
Well-Known Member
My point is OSB that ACL are still technically getting their cash-when September comes and there's zero sat in the escrow, then it gets interesting.
Bennets Afro
Well-Known Member
Nuneaton share their ground already with the Rugby club so can't see how it would e possible even if it was a viable option
grego_gee
New Member
heard this before, "We must have a share of the Ricoh"....
but what does the other income involve?
- matchday hot dogs and pies?
- other events / gigs?
- rent from other businesses on the site?
either way surely SISU would put it into CCFC holdings or SBS&L. Why would they give the proceeds to CCFC?...
imp:
oldskyblue58
CCFC Finance Director
i agree with you BSB thats the crunch point
oldskyblue58
CCFC Finance Director
heard this before, "We must have a share of the Ricoh"....
but what does the other income involve?
- matchday hot dogs and pies?
- other events / gigs?
- rent from other businesses on the site?
either way surely SISU would put it into CCFC holdings or SBS&L. Why would they give the proceeds to CCFC?...
because the additional turnover counts in the FFP calculation for CCFC ............ other than that it makes no difference where SISU take credit for the income they control it where ever it is
skyblueman
New Member
Agreed - been saying it for a while now... watch what happens when the rent account needs topping up... we will have sold as many of the players as we can by then... if we haven't bought any in for real money (not frees) then if SISU are going to cut their losses and use all the money from players sales and future rent money to pay down some of the loans to the holding Co's - and put CCFC in Admin - that's the best time to do it for them as their cash position will be as good as it can get
Sky Blue Kid
Well-Known Member
Let's face it guys, I seriously doubt that CCFC owe any money to SISU.........Two words.........Caymen Islands.