I keep thinking back to Fishers comments about it not being about the rent, and it really is not is it?
ACL's rent free offer will not wash with SISU, after all they have played rent free for almost the whole of last season.
It is about match day revenues. As I understand it, the rights to these are held by Compass who paid about 2m for them. SISU were interested in buying these rights and were quoted 24m and quite rightly told Compass to do one.
The facts maybe be wrong on this thread, but I think the thesis is correct and that is that the issues regarding the Ricoh Arena for SISU were never about the rent itself, but due to the revenue of which they were receiving from the Arena. It's all good people saying "Well look at ACL they have done this, this and this" but in essence what is the difference between allegedly playing at the Ricoh Arena for free while in Admin then SISU refusing to pay the rent on the Arena while playing there last season? Tim Fisher will probably come out and say "No Thanks" and I won't be surprised and aggrovated by it, because it still don't benefit revenue wise.
And of course playing in front of 1500 at a ground sharing venue will:claping hands:
its very simple how it works SISU eat humble pie agree the rent at 400k then agree to pay the back rent over ten yrs. then buy into the revenue streams of all year not just match days problem solved
I am not saying that it will be a better move to move away from Coventry, but like I said on another thread there are pros and cons to why this could/couldn't work..
There are no pros for moving us out of the city for years on end with the intention of possibly moving back to a tin pot stadium outside Coventry...the club will die long before then Rob...no doubt in my mind at all about that.
The rights to catering etc is with a company called IEC Experience Limited that is owned 77% by ACL and 23% by Compass. There is a 15 year licence for that company to operate the Ricoh. Compass bought in to that company for 4m. All something TF got wrong at the recent forums
I would imagine Compass provide the staff etc to IEC, and have an agreement to do so.
TF said last Thursday i believe he had never spoken to Compass. In any case ACL control IEC not Compass
The 24m I believe was a corridor conversation with Daniel Gidney (CEO of ACL) it was not a formal discussion or sale process - happy to be proven wrong on that if people have the information.
In theory CCFC could buy in to IEC and get access of all the catering income (365 days) without having to buy ACL in part or whole. It wouldnt affect Compass's position at all and as minority shareholder they would be out voted anyway
The rights to catering etc is with a company called IEC Experience Limited that is owned 77% by ACL and 23% by Compass. There is a 15 year licence for that company to operate the Ricoh. Compass bought in to that company for 4m. All something TF got wrong at the recent forums
I would imagine Compass provide the staff etc to IEC, and have an agreement to do so.
TF said last Thursday i believe he had never spoken to Compass. In any case ACL control IEC not Compass
The 24m I believe was a corridor conversation with Daniel Gidney (CEO of ACL) it was not a formal discussion or sale process - happy to be proven wrong on that if people have the information.
In theory CCFC could buy in to IEC and get access of all the catering income (365 days) without having to buy ACL in part or whole. It wouldnt affect Compass's position at all and as minority shareholder they would be out voted anyway
To be honest now we have seen them in action screwing us the fans. As oppose the some fans celebrating them screwing over others in our name I would hope the majority are wishing for someone new.
i agree we need a fresh start
In the Isthmian league?
Maybe that's the plan.You realise the Isthmian league is for clubs near London, right?
You realise the Isthmian league is for clubs near London, right?
<br />I keep thinking back to Fishers comments about it not being about the rent, and it really is not is it?<br />
ACL's rent free offer will not wash with SISU, after all they have played rent free for almost the whole of last season.<br />
It is about match day revenues. As I understand it, the rights to these are held by Compass who paid about 2m for them. SISU were interested in buying these rights and were quoted 24m and quite rightly told Compass to do one.
<br />Maybe that's the plan.
council need to give up revenue streams or any new owners will be fucked too
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