I'm no good at maths but... (1 Viewer)

Oggies bent nose · Jun 6, 2013

As a club we're 60 million in debt, we're about to lose 9000 paying customers, build a new ground approx 25 million, rent another ground for 3 years so in my head that's the best part of 100 million we'll be in debt by the time the new ground is open. Obviously their is plenty of expenditure I've missed but I'm really struggling to work out how being 100 million in debt is of benefit to anyone. What income streams would we have apart from rotten pie sales on top of season tickets and match day revenue are sisu thinking are going to come in to service this debt? I'm baffled

wingy · Jun 6, 2013

You've nailed it!!

ccfc92 · Jun 6, 2013

Oggies bent nose said:
As a club we're 60 million in debt, we're about to lose 9000 paying customers, build a new ground approx 25 million, rent another ground for 3 years so in my head that's the best part of 100 million we'll be in debt by the time the new ground is open. Obviously their is plenty of expenditure I've missed but I'm really struggling to work out how being 100 million in debt is of benefit to anyone. What income streams would we have apart from rotten pie sales on top of season tickets and match day revenue are sisu thinking are going to come in to service this debt? I'm baffled

they plan to increase STs by £3.95 :facepalm:

bigfatronssba · Jun 6, 2013

He used Charlton as an example, they made £700k in food and beverages a year, sisu were offered £100k by acl. Remember as well this is with Fishers spin on it. So all this is for £600k a year.

I think its pretty easy to see if it makes sense!

wingy · Jun 6, 2013

oh yeah forgot that ,tickets are going to get cheaper ,they did that 2 seasons ago and where did it get us?

BurbageSkyBlues · Jun 6, 2013

bigfatronssba said:
He used Charlton as an example, they made £700k in food and beverages a year, sisu were offered £100k by acl. Remember as well this is with Fishers spin on it. So all this is for £600k a year.

I think its pretty easy to see if it makes sense!

Hmmm, well, I think Charlton had just a few more fans than we have left....so those figures would be , err, slightly optimistic, to say the least!

philmcc · Jun 6, 2013

Plus I think they are on about wantin to commercially develop the surrounding land to make it largely self financing....

andy_scates · Jun 6, 2013

We were offered the food and drink but the council wanted £24m for the privilege!

Bluegloucester · Jun 6, 2013

bigfatronssba said:
He used Charlton as an example, they made £700k in food and beverages a year, sisu were offered £100k by acl. Remember as well this is with Fishers spin on it. So all this is for £600k a year.

I think its pretty easy to see if it makes sense!

They probably turned over £700k inc non matchdays, more crap from Fisher.

Mary_Mungo_Midge · Jun 6, 2013

bigfatronssba said:
He used Charlton as an example, they made £700k in food and beverages a year, sisu were offered £100k by acl. Remember as well this is with Fishers spin on it. So all this is for £600k a year.

I think its pretty easy to see if it makes sense!

That's akin to losing circa. 1.5K people on each home game. They've overseen a loss of average gate five times that. What's the biggest threat to the welfare of the club? The income claimed is critical, or the gates their behaviour is driving away?

bigfatronssba · Jun 6, 2013

andy_scates said:
We were offered the food and drink but the council wanted £24m for the privilege!

Please listen carefully to what was said. Compass bought rights to catering for £24m, they own it. Acl offered to organise a meeting between Compass and sisu. Sisu refused.

Where does the council get mentioned in that?

James Smith · Jun 6, 2013

philmcc said:
Plus I think they are on about wantin to commercially develop the surrounding land to make it largely self financing....

What you mean like the Ricoh?

stupot07 · Jun 6, 2013

bigfatronssba said:
He used Charlton as an example, they made £700k in food and beverages a year, sisu were offered £100k by acl. Remember as well this is with Fishers spin on it. So all this is for £600k a year.

I think its pretty easy to see if it makes sense!

To be fair he took F&B's as one example, there are also other income that would be tapped into to - e.g. Selling the naming rights to the stadium, stands, etc.

bigfatronssba · Jun 6, 2013

stupot07 said:
To be fair he took F&B's as one example, there are also other income that would be tapped into to - e.g. Selling the naming rights to the stadium, stands, etc.

But he said the stadium would be called Highfield II. Your not suggesting that was just emotional blackmail on the fans are you??

Mary_Mungo_Midge · Jun 6, 2013

stupot07 said:
To be fair he took F&B's as one example, there are also other income that would be tapped into to - e.g. Selling the naming rights to the stadium, stands, etc.

But just as some argue that companies such as Ricoh will part with a million a year due in large part to the football club; they also consider the attraction of the totality of the stadium's use, it's prestige and its location.

If its a small, football-only stadium in Brandon; then it's a whole lot less attractive. Someone will sponsor it; sure. But not at the rates that currently prevail

bigfatronssba · Jun 6, 2013

Mary_Mungo_Midge said:
But just as some argue that companies such as Ricoh will part with a million a year due in large part to the football club; they also consider the attraction of the totality of the stadium's use, it's prestige and its location.

If its a small, football-only stadium in Brandon; then it's a whole lot less attractive. Someone will sponsor it; sure. But not at the rates that currently prevail

Exactly. If that was the case Brandon Stadium would already have a sponsor.

ccfc92 · Jun 6, 2013

bigfatronssba said:
But he said the stadium would be called Highfield II. Your not suggesting that was just emotional blackmail on the fans are you??

Pretty certain the project is highfield 2. The stadium name would be given to the highest bidder. The primark stadium

Mary_Mungo_Midge · Jun 6, 2013

ccfc92 said:
Pretty certain the project is highfield 2. The stadium name would be given to the highest bidder. The primark stadium

Way too national for a crappy stadium in the middle of nowhere. It'll be a local business, like the Roseycombe that'll bag the rights!

Grendel · Jun 6, 2013

bigfatronssba said:
But he said the stadium would be called Highfield II. Your not suggesting that was just emotional blackmail on the fans are you??

Christ please tell me this is a joke.

Grendel · Jun 6, 2013

Mary_Mungo_Midge said:
Way too national for a crappy stadium in the middle of nowhere. It'll be a local business, like the Roseycombe that'll bag the rights!

In the middle of nowhere? Like some disused gasworks in an e demographic area in a deprived city you mean?

bigfatronssba · Jun 6, 2013

<p>

Grendel said:
Christ please tell me this is a joke.

I suppose in some sort of perverted way, yes it is.

I do assume you mean this whole scenario?

Mary_Mungo_Midge · Jun 6, 2013

Grendel said:
In the middle of nowhere? Like some disused gasworks in an e demographic area in a deprived city you mean?

One is adjacent to a major motorway, served by a major road adjoining. The other is - we understand - just outside of Binley Woods. You're not really going to compare are you? You've started a decent thread tonight. Take my advice, like a young cub with his first fire, watch over it whilst its still going, eh?

wingy · Jun 6, 2013

Mary_Mungo_Midge said:
But just as some argue that companies such as Ricoh will part with a million a year due in large part to the football club; they also consider the attraction of the totality of the stadium's use, it's prestige and its location.

If its a small, football-only stadium in Brandon; then it's a whole lot less attractive. Someone will sponsor it; sure. But not at the rates that currently prevail

More likely a CHOIR rather than RICOH.

Mary_Mungo_Midge · Jun 6, 2013

wingy said:
More likely a CHOIR rather than RICOH.

Good thinking, but Fisher claims 'beneficial ownership' to all of those letters; so the new sponsor can't have any in their name

quinn1971 · Jun 6, 2013

Mary_Mungo_Midge said:
One is adjacent to a major motorway, served by a major road adjoining. The other is - we understand - just outside of Binley Woods. You're not really going to compare are you? You've started a decent thread tonight. Take my advice, like a young cub with his first fire, watch over it whilst its still going, eh?

Exactly...500 at the speedway and the roads are all blocked.i lived in binley woods and you couldn't put your blinds up without somebody objecting.They tried to sell the speedway land for houses the ink was still wet on the application form when it was binned.plus I cant see rugby council wanting to step on coventry councils toes.

stupot07 · Jun 6, 2013

Well we're up shit creek then. Any new investor will need to pay £24m+ to compass to f&B's.

Mary_Mungo_Midge · Jun 6, 2013

stupot07 said:
Well we're up shit creek then. Any new investor will need to pay £24m+ to compass to f&B's.

How can you claim that? Fisher admitted tonight he'd never even bothered to speak with Compass. Couldn't see the worth in it. So where does that figure come from?

philmcc · Jun 6, 2013

James Smith said:
What you mean like the Ricoh?

Yeah sort of, they want to base it on Brentfords model...they are building a stadium with residential potential as part of it...fisher didn't say sisu would go down that route but seemed confident that utilising the surrounding land for some kind of development would enable them to build it without it hitting them too hard financially.

stupot07 · Jun 6, 2013

Mary_Mungo_Midge said:
How can you claim that? Fisher admitted tonight he'd never even bothered to speak with Compass. Couldn't see the worth in it. So where does that figure come from?

Well that's what compass paid, doubt they will want to sell at a loss.

oakey · Jun 6, 2013

Simple. We all boycott the food and drink stalls at the Ricoh. The club sells food and drink from the barrow at Tesco and in all the car parks of businesses around the Ricoh and we all buy stuff from them.
This Compass stuff is a commercial challenge that any competent business can get around with a bit of thought. I don't buy it , pardon the pun.

Mary_Mungo_Midge · Jun 6, 2013

stupot07 said:
Well that's what compass paid, doubt they will want to sell at a loss.

If they accept Fisher's concept and are fearful of losing a significant income; they may sell at a lower level. I mean, the distressed threat has to work once, doesn't it?

stupot07 · Jun 6, 2013

oakey said:
Simple. We all boycott the food and drink stalls at the Ricoh. The club sells food and drink from the barrow at Tesco and in all the car parks of businesses around the Ricoh and we all buy stuff from them.
This Compass stuff is a commercial challenge that any competent business can get around with a bit of thought. I don't buy it , pardon the pun.

#notonepennymore?

stupot07 · Jun 6, 2013

Mary_Mungo_Midge said:
If they accept Fisher's concept and are fearful of losing a significant income; they may sell at a lower level. I mean, the distressed threat has to work once, doesn't it?

But how low? £20m? £18m? £15m?

Mary_Mungo_Midge · Jun 6, 2013

stupot07 said:
#notonepennymore?

#notonepiemore

Queue Thorn japery....

Mary_Mungo_Midge · Jun 6, 2013

stupot07 said:
But how low? £20m? £18m? £15m?

I don't know. Maybe £5m? I honestly don't know. But here's the real thing - if you listened tonight, Fisher doesn't know either.

I tell you what, if I'd have let things go this far, without engaging with all stakeholders, repeatedly, until I though the pips were squeaking and I'd got the best possible deal; I'd have thought I'd done my job incompletely. All costs for the basis of any analysis would need to be driven as low as they'd go.

Fisher's admission that they haven't even bothered to do so, is akin to the slap-happy approach that appeared to prevail during due diligence. Which was, of course, the time this should all have been settled to save this unholy mess.

There's a common thread here. See it?

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