Of course they could sell the club and retain stadium ownership, but who in their right mind would buy it without at the very least safeguarding the revenue streams essential for the club to prosper. It's all well and good saying SISU would sell the club on in that scenario, but they would have to make it attractive enough for someone to buy it, and given what has happened I doubt buyers would be queuing up. Some pretty full-on due-dilligence would take place before anyone bought the club in those circumstances.
Les Reid= FAIL (1 Viewer)
- Thread starter Sky Blue Kid
- Start date
Of course they could sell the club and retain stadium ownership, but who in their right mind would buy it without at the very least safeguarding the revenue streams essential for the club to prosper. It's all well and good saying SISU would sell the club on in that scenario, but they would have to make it attractive enough for someone to buy it, and given what has happened I doubt buyers would be queuing up. Some pretty full-on due-dilligence would take place before anyone bought the club in those circumstances.
TheOldFive
New Member
So OldSkyBlue, does this make the importance of the question the red herring I suspected ?
NorthernWisdom
Well-Known Member
Of course you do.
skybluetony176
Well-Known Member
ask shitsu, thats what they did when they bought the club
chiefdave
Well-Known Member
who knows but what about a scenario where SISU decide CCFC is losing money, the stadium is making money. SISU stop paying the bills for CCFC and we go into administration again, they might gamble that someone, even if only the likes of Joe and Hoff will make a bid to save the club and then they have them tied up with a nice long lease. Of course the new owner could say we're going back to the Ricoh but then we'd be back to everyone being dragged into court with SISU claiming they have a valid lease and want paying for it. it may not be a likely scenario but personally I don't have much trust in SISU to somehow try and pull a fast one if that option is available.
oldskyblue58
CCFC Finance Director
yes and no because until they actually get a stadium we wont know what it is they are going to do. So raising the point isnt wrong but until there is a stadium they own it is a bit hypothetical.......... and things/circumstances can change.
They might set a rent, sell the club and retain the stadium for instance. The rent would have to be realistic to get the sale, but it might give value to the club if it is a long lease.
There are quite a few options. Its an important question but I wouldnt expect an answer now. But no reason why fans cant show concern about the possibility of the club being charged a high rent though SISU will do what best suits them
Nonleagueherewecome
Well-Known Member
Moff
Well-Known Member
I cant believe he didn't ring you first to run his questions by you.
lordsummerisle
Well-Known Member
He was watching it live on Sopcast, the Joystation channel.
His texted message did come across the bottom of the screen whilst they were talking, but to be honest don't think that the question was particularly relevant to the problems betweeen the club and ACL/CCC.
Seemed biologically impossible for all but the most supple and trained Yoga expert to accede to the request anyway in my opinion.
There's loads of people who have their homes on interest only mortgages who are in exactly that position, so it's a pretty widespread, normally accepted practice. So why is it being made such a huge issue here?
If it's a means of uniting the club with the ground and gaining revenue streams that will benefit the club, why should we worry if the owners should take on other, non-football related interests that could be developed around the central football ground. After all, that's what the original concept was.
Or is it that everybody hates SISU, and they must be stopped at all costs, even if it means the end of the club? Nose, spite and face spring to mind!
Sky Blue Kid
Well-Known Member
The Bear.....Here's an Idea?.......Perhaps he could answer some questions I "Tweeted" to him over the last 2-3 months eh?
chiefdave
Well-Known Member
But why do people assume the club and ground will be united, or that money made through development of the ground would find it way back to the club, this has not been stated anywhere that I know of.
I'll try and make it clearer. Lets say the council hand SISU the Ricoh for nothing. SISU set up a new company, lets call it LCA and place ownership of the Ricoh in that company. LCA then charge Otium £1.2m a year rent with no access to income streams. SISU now own a money making asset in the stadium, the club own nothing.
Now take another step, CCFC are stuck in L1 losing money and can't afford the rent. Otium is sold (either a straight sale or through another administration). Now Otium is no longer under the same ultimate owners as LCA. SISU have obtained ownership of the Rioch and put in place exactly the same lease they claimed was crippling the club.
Would that happen? Who knows but I think at this stage to assume SISU have the best interests of the football club at heart and would prioritise that over a chance to maximise their return is not the most sensible way to think.
We have to at least ask the question and get a satisfactory answer although I suspect at this stage most people wouldn't believe a satisfactory answer coming from SISU.
Sky Blue Kid
Well-Known Member
Moff....I cant believe he didn't ring you first to run his questions by you.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>He was going to, but asked if I minded him running it by you and "Sarcastic summerisle" first!
NorthernWisdom
Well-Known Member
...then the club is crippled, and SISU soon find themselves owning a ground with no football club.
NorthernWisdom
Well-Known Member
Just one?
hill83
Well-Known Member
I've been on the beach and this is the first one I've noticed. I'm going to guess it's the funniest without reading any others too.
The Bear
New Member
Perhaps he could. Give them another go...he's been all over Twitter today. Bear in mind that he does it alongside his regular reporting so he might be busy at certain times.
What's your Twitter handle? I'll ask him to keep an eye out.
Sky Blue Kid
Well-Known Member
@ The Bear....No thanks mate, not giving my name out, suffice to say, I've tweeted him a couple of times today but no replies.
To be fair, he does tend to ignore the more idiotic tweets.
WiganSkyBlue
Member
Was hoping for a Paxman type interview - should have known better really from this particular journalist/columnist.
Sky Blue Kid
Well-Known Member
Did somebody say something?
The Bear
New Member
Fair enough. Post some here and I'll see what I can do. Assuming they're vaguely polite/sane ;-)
fernandopartridge
Well-Known Member
While you're here
The bit about the council being able to take over and thus meaning distressing ACL was pointless as SISU would never be able to gain control of the Ricoh that way, is that a fair alternative position to take, if looking at things?
I quoted that on another thread. It is an important point to bear in mind.
fernandopartridge
Well-Known Member
Start another thread about it you attention seeking bore.
hill83
Well-Known Member
Ha ha! Burn.
skybluebal
New Member
Valid point. With their track record of setting up companies, shifting debt, transferring assets, why would anyone think the situation will be any different for the club?
Snozz_is_god
New Member
I've said it once and I'll say it again. JS has 'USED' Les Reid as a messenger to spread her propaganda. Its a blatant attempt to influence some of the wavering fans that she has the best interest of the club.
Well judging from most peoples responses, its backfired big time & Les is a small time newspaper reporter who's trying to make a name for himself and has jumped into bed with the devil (metaphorically of course).
What this interview says to me is that #NOPM is working.
Well judging from most peoples responses, its backfired big time & Les is a small time newspaper reporter who's trying to make a name for himself and has jumped into bed with the devil (metaphorically of course).
What this interview says to me is that #NOPM is working.
stupot07
Well-Known Member
Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors
Of course it is, it's PR. That's the whole point.
And I hardly think she 'used' him - she could quite easily have said all that on a statement published on the club website.
What this interview says to me is that nopm has little chance of succeeding. Did she come across as the sort of person likely to cave in to pressure?
RegTheDonk
Well-Known Member
You're probably right re NOPM ferret. While financially she said she would fund the club, staying away or demonstrating will still have some negative PR for SISU. Plus, morally, seems the right thing to do unless we go back to Cov.
RegTheDonk
Well-Known Member
Yes, I've also tweeted a couple of things to him over the last few months. Didn't get a reply.
I'm not a WUM or controversial - whats he got against me
Hobo
Well-Known Member
She is hardly going to come out and say I'm caving in under pressure. But she is feeling the pressure. The bad publicity is stacking up. She is just trying to frighten ACL by adopting a bullish stance.
However I still believe they are in the stronger position. Seppala doesn't want to be funding CCFC for the next 5 to 10 seasons at Northampton. She can't get the return she wants by selling. They have to be committed to the long term, unless they get a break.
RegTheDonk
Well-Known Member
The longer they stay there, the more dosh they will be flushing down the bog. She said she had investors backing the Northampton move, but like you said, the won't want to hold out indefinitely.
What would be interesting is when/if they finally announce where this new ground is going to be built, and what the local residents/council make of it. Would there be enough opposition to make it a no no?
And if its rejected locally, what would SISUs next step be? Cap in hand to the Ricoh, or crying to the FL that we have to stay in Northampton (with the investor continuing to lose money).