More on the Ricoh (1 Viewer)

skyblu3sk · Apr 1, 2011

Made a 3.2 million profit in 2009 and the council will sell for the right offer. This must be backed up by a business plan. The council want the club to do well and thinks the issues lie elsewhere "The route isn't about ownership of the ground because the fundamental issue is the playing staff: they have made transfer decisions that have weakened the club."

sternslovchild · Apr 1, 2011

Is this an April fool, are the council being critical of the club's transfer policy? Are they holding a grudge over Roy O'Donovan?

skyblu3sk · Apr 1, 2011

sternslovchild said:
Is this an April fool, are the council being critical of the club's transfer policy? Are they holding a grudge over Roy O'Donovan?

No April Fool its reported in the telegraph unless of course its their april fool and yes it seems the council think the clubs transfer policy is wrong.

sternslovchild · Apr 1, 2011

I have no idea how the City Council works in Coventry but where I live I know that the Council has about as much foresight as a bat stuck in a gyroscope.

Lloyd · Apr 1, 2011

of course our policy is wrong, we sell our most talented players at just the hint of getting some money, Council are spot on unfortunately.

Covstu · Apr 1, 2011

yes they are but they cannot hold that against the club if they come up with the reddies to buy the ground.

hitmanhearns · Apr 1, 2011

remember the worst thing that can happen is that SISU get their hands on the ricoh. I think both Hoffman, Ranson and the council are very aware of this. SISU WILL bury us alive if they get the stadium, look what they did just days ago, it´s what they do for a living they will mortgage the arena to the hilt and recoup their 30 mill+ they stand to loose. They are a hedge fund. The council knows this.

hackneyfox · Apr 1, 2011

560k profit last year though.

ccfcway · Apr 1, 2011

hitmanhearns said:
remember the worst thing that can happen is that SISU get their hands on the ricoh. I think both Hoffman, Ranson and the council are very aware of this. SISU WILL bury us alive if they get the stadium, look what they did just days ago, it´s what they do for a living they will mortgage the arena to the hilt and recoup their 30 mill+ they stand to loose. They are a hedge fund. The council knows this.

not critising this, just dont realy understand it.. If the buy the ricoh, how would they get their money back if they mortgage it ?

rob9872 · Apr 1, 2011

hackneyfox said:
560k profit last year though.

And that included us paying £1m in rent so if we owned it then a £440k loss ... however still better than a £1m loss

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