sky blue john
Well-Known Member
Don't let the fl know that the judge said there is no plan B. Wasn't plan B the new stadium ?
I don't think it's about revenues Robo. It's about the Ricoh on the cheap and that's why we will never return To the Ricoh. Ever. Sisu have one goal only. The judge said "there is no plan b" he is right.
Don't let the fl know that the judge said there is no plan B. Wasn't plan B the new stadium ?
But that isn't justifiable.. That's just accepting something.. Why shouldn't the Club insist on the revenues it generates, of course it should pay for these but it's essential for the Club as any revenue I am sure would be greatly appreciated?
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Robo you do talk a lot of sense and god knows like me we have ccfc at heart. However our owners do not. The new stadium first of all will never happen 100% as there are many numerous reasons for this not to happen. To list a few. Who would fund the 20mil required when we can't even afford to keep BLair Adams? Who would go when by the time 90% would of gone? There is a good stadium is Coventry already which JS called absurb to build another? Many other reasons so a new stadium will never happen and no surprise we have no details on it. That's not surprising.
The rent of 1.3 was far too high yes we all agree even ACL agree but it was a legal contract and only 5-10% of the clubs turnover. Sisu knew the deal when they signed up in 2007. Yes FFP wasn't in then but it was known years in advance and something should of been done sooner. You correctly say the rent was offered at 150k for 10 years on the Eve of liquidation last year that's a 90% rent reduction. Wow what a gift. That's cheaper than Northampton which leads me to my next point and if it is all about f and b then Northampton isn't the answer. Earning a lot less from major revenues like ticket sales to smaller revenues like f and b. TF couldn't answer it yesterday in the radio when asked about Northampon to the Ricoh and food and beverage. He was speechless. Sure you heard it. He was speechless as it makes no sense.
The judge said and it is well known for a long time now and I quote "sisu have badly mismanaged Coventry city for a long time and lost in the region of 50mil and the only probable way to get this back was acquiring the Ricoh arena cheaply and selling on for a profit. The rent strike put ACL hard up and ccfc were intent on always moving out"
It's black and white Robo, it's never been about f and b or rent. It's about one thing.... A return on their investment. That was the only plausible way to get it back and now it's failed all ends up. Sisu now only have 2 options. Sell all assets and liquadate or build a new stadium. Option 2 is not really an option. So it's option 1 and you will see Blair Adams leave and Ian foster and Baker and Wilson will be next. Certain.
Robo you do talk a lot of sense and god knows like me we have ccfc at heart. However our owners do not. The new stadium first of all will never happen 100% as there are many numerous reasons for this not to happen. To list a few. Who would fund the 20mil required when we can't even afford to keep BLair Adams? Who would go when by the time 90% would of gone? There is a good stadium is Coventry already which JS called absurb to build another? Many other reasons so a new stadium will never happen and no surprise we have no details on it. That's not surprising.
The rent of 1.3 was far too high yes we all agree even ACL agree but it was a legal contract and only 5-10% of the clubs turnover. Sisu knew the deal when they signed up in 2007. Yes FFP wasn't in then but it was known years in advance and something should of been done sooner. You correctly say the rent was offered at 150k for 10 years on the Eve of liquidation last year that's a 90% rent reduction. Wow what a gift. That's cheaper than Northampton which leads me to my next point and if it is all about f and b then Northampton isn't the answer. Earning a lot less from major revenues like ticket sales to smaller revenues like f and b. TF couldn't answer it yesterday in the radio when asked about Northampon to the Ricoh and food and beverage. He was speechless. Sure you heard it. He was speechless as it makes no sense.
The judge said and it is well known for a long time now and I quote "sisu have badly mismanaged Coventry city for a long time and lost in the region of 50mil and the only probable way to get this back was acquiring the Ricoh arena cheaply and selling on for a profit. The rent strike put ACL hard up and ccfc were intent on always moving out"
It's black and white Robo, it's never been about f and b or rent. It's about one thing.... A return on their investment. That was the only plausible way to get it back and now it's failed all ends up. Sisu now only have 2 options. Sell all assets and liquadate or build a new stadium. Option 2 is not really an option. So it's option 1 and you will see Blair Adams leave and Ian foster and Baker and Wilson will be next. Certain.
CCFC would like additional revenues to what had been on offer from ACL, are ACL willing to discuss a sale of these revenues and at what cost? Are Sisu willing to pay for these revenues? These are all the questions that need answering regarding a return to the Ricoh..
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The only thing that worries me is ML's position. Will Ann meet with the middle man after everything that has gone on?
and why should she? if Joy can spent 6 hours talking anti council tactics with Rob S she can damn well talk to Ann Lucas.
But that isn't justifiable.. That's just accepting something.. Why shouldn't the Club insist on the revenues it generates, of course it should pay for these but it's essential for the Club as any revenue I am sure would be greatly appreciated?
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Just to update you I have now had an email back from Ann Lucas and she says she is willing to speak to anyone so I have sent Mark Labovitch a reply saying here Mark Ann wants to talk and CC'd Ann in. Worth a go haha!
Keep it up Wal! You've broken through the barrier or getting Laughobitch to commit to more than an unrecorded phonecall. Now that is progress!
SISU, 6 years, 3 chief executives, 1 relegation, 8 managers, 5000 protesters, £45M debt, £7M losses in 2013, Moved club to Northampton, decimates fanbase.
Let it go, there is no need for such comments when there is a chance of some sort of reconciliation. We know whats gone on in the past, Everybody needs to move on.
After AL's last meeting end of last year with Joy where the freehold was demanded. Can anyone really see Joy " Bonkers " Seppela backing down ?
Looks as if this forum is closely watched by both parties.
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