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."
More on the Ricoh (1 Viewer)
- Thread starter skyblu3sk
- Start date
sternslovchild
New Member
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
New Member
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.
hitmanhearns
Active Member
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
Well-Known Member
560k profit last year though.
ccfcway
Well-Known Member
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
Well-Known Member
And that included us paying £1m in rent so if we owned it then a £440k loss ... however still better than a £1m loss