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New Ricoh deal close / One Year Agreed (1 Viewer)

  • Thread starter AFCCOVENTRY
  • Start date Feb 8, 2018
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Otis

Well-Known Member
  • Feb 9, 2018
  • #141
ccfcway said:
#doublenegative
Click to expand...

 

Nick

Administrator
  • Feb 9, 2018
  • #142
letsallsingtogether said:
They have started from the ccfc facebook page.
They are saying no membership just pass them your questions and they will get them answered.
So simple why has it not been done before.
Click to expand...

Who is it? The guy on the radio was talking about money... It worried me a little bit because when he said he didnt know how to get in touch with the club and could CWR pass on his details it was deja vu.
 

stupot07

Well-Known Member
  • Feb 9, 2018
  • #143
Haha Nick Eastwood the king of spin. Wasps the masters of PR lol.

Always said we would agree a short-term deal, as predicted the legals weren't a dealbreaker after all.

Sent from my SM-G930F using Tapatalk
 
Reactions: SkyBlueZack

letsallsingtogether

Well-Known Member
  • Feb 9, 2018
  • #144
Any way why don't Sisu just sell the Club we get a long term deal that is right for us, then take wasps to court without ccfc around their necks.
 

letsallsingtogether

Well-Known Member
  • Feb 9, 2018
  • #145
Nick said:
Who is it? The guy on the radio was talking about money... It worried me a little bit because when he said he didnt know how to get in touch with the club and could CWR pass on his details it was deja vu.
Click to expand...
Tbf Nick I believe he is being pushed into it by others, not sure he really knows what he is letting himself in for.
Most of them believe that you only have to ask the questions and they will get the answers they want to hear.
I only know from what I have read on that page they do have 10,000 members, ironically more the our average home games this season.
 

Nick

Administrator
  • Feb 9, 2018
  • #146
letsallsingtogether said:
Tbf Nick I believe he is being pushed into it by others, not sure he really knows what he is letting himself in for.
Most of them believe that you only have to ask the questions and they will get the answers they want to hear.
I only know from what I have read on that page they do have 10,000 members, ironically more the our average home games this season.
Click to expand...

Have you got a link to the page? 10,000 considering he set it up a couple of days ago isn't doing too badly.

It sounded a bit random.
 

skybluetony176

Well-Known Member
  • Feb 9, 2018
  • #147
Otis said:
Ahh, but in the next clip the ship takes the corner too fast and ends up in Mrs. Tonkinson's front garden.

You can then see Mr. Tonkinson with a tin of 3 in 1 oil and some duck tape.
Click to expand...

Didn’t see that. Only have my reading glasses on not glasses for distance.
 

Otis

Well-Known Member
  • Feb 9, 2018
  • #148
skybluetony176 said:
Didn’t see that. Only have my reading glasses on not glasses for distance.
Click to expand...
Well you need them, cos the adventures of the Enterprise are all about distance.
 

The Great Eastern

Well-Known Member
  • Feb 9, 2018
  • #149
Otis said:
Well you need them, cos the adventures of the Enterprise are all about distance.
Click to expand...
Otis.....
Regarding your avatar.....
In the best possible Kenneth Williams voice...
Here, stop messing about !
 

Otis

Well-Known Member
  • Feb 9, 2018
  • #150
The Great Eastern said:
Otis.....
Regarding your avatar.....
In the best possible Kenneth Williams voice...
Here, stop messing about !
Click to expand...
Okey dokey.

I'm running out of Marxes anyway. Done Groucho, Harpo, Chico, Zeppo and now Gunmo.

Hardly anyone else left.
 
R

Rodders1

Well-Known Member
  • Feb 9, 2018
  • #151
Otis said:
Okey dokey.

I'm running out of Marxes anyway. Done Groucho, Harpo, Chico, Zeppo and now Gunmo.

Hardly anyone else left.
Click to expand...
Marxes and Spencer?
 
Last edited: Feb 9, 2018

Otis

Well-Known Member
  • Feb 9, 2018
  • #152
Rodders1 said:
Marks and Spencer?
Click to expand...
Yeah, but I think I will go for Onyour.
 
R

Rodders1

Well-Known Member
  • Feb 9, 2018
  • #153
Otis said:
Yeah, but I think I will go for Onyour.
Click to expand...
Or stretch marxes? - ok I’m done
 
Reactions: Otis

skybluepm2

Well-Known Member
  • Feb 9, 2018
  • #154
Nick said:
Who's this guy now on about the Coventry Phoenix Supporters Trust?
Click to expand...

All part of the love-in on the Facebook forum. Cringeworthy stuff as always. If they had a brain cell between them they’d be dangerous.
 

shmmeee

Well-Known Member
  • Feb 9, 2018
  • #155
Im glad we’ve got another forum of City fans to hate on. Since GMK and the rest died I’ve missed it.
 
T

theferret

Well-Known Member
  • Feb 9, 2018
  • #156
oldskyblue58 said:
Well if they make little profit from the CCFC matches ...... 100K rent, a 15% split of the F&B (profit split 50:50) which will not be a lot, car parking which they franchised out I believe and maybe a margin on the match day costs it is not going to be big net figures to replace - they lose turnover but also lose a lot of cost too. I doubt the profit on CCFC gets to 250k. There would be other events could be staged in the arena, it is not about the numbers or frequency but the profitability. One example would be rooms in the hotel being let more often would contribute.
Click to expand...

Sorry, I don't really buy this. People seem to be trying very hard to downplay the football's club value to ACL, and I think it is slightly deceitful.

The season before last, more people attended CCFC games than Wasps games (owing to the fact we play a lot more fixtures). It wasn't quite the case last season, but it wasn't a million miles away.

Yes, parking has been outsourced, but that contract has value, and that value will be higher when 250,000 people attend football matches each year. So too catering. ACL sold catering rights in a multi-million deal a year or two ago, and again that contract will have greater value owing to the presence of the football club - although it is difficult to quantify I know.

The same will apply when new naming rights are agreed. Any company looking at such a deal does so because of the name/brand awareness this can create through many media outlets. Having a football club there adds significantly to this value imo; so it goes way beyond 100K rent, matchday costs and game by game revenues from catering etc.

Ultimately, Wasps do pretty well out of CCFC given that the club only have use of the facility for around 180 hours a year; and it isn't as though it prevents use of the facilities for other events, and often events in the exhibition hall take place on matchdays. It may not be make or break for them, but I think it is more important than some would suggest.
 
Reactions: SkyBlueZack, stupot07, fernandopartridge and 1 other person

letsallsingtogether

Well-Known Member
  • Feb 9, 2018
  • #157
Nick said:
Have you got a link to the page? 10,000 considering he set it up a couple of days ago isn't doing too badly.

It sounded a bit random.
Click to expand...
No the face book page has 10,000 it has been going a long time, he is just one of the posters.
It is the Cov City fans forum page.
 

chiefdave

Well-Known Member
  • Feb 9, 2018
  • #158
letsallsingtogether said:
Any way why don't Sisu just sell the Club we get a long term deal that is right for us, then take wasps to court without ccfc around their necks.
Click to expand...
I think the issue with that is that while anyone can put in for a JR winning one doesn't actually get you anything.

There would be another court case to follow where SISU would go after damages.

If they were no longer the owners of the club how would they get any damages awarded passed to them?
 

letsallsingtogether

Well-Known Member
  • Feb 9, 2018
  • #159
letsallsingtogether said:
No the face book page has 10,000 it has been going a long time, he is just one of the posters.
It is the Cov City fans forum page.
Click to expand...
Sorry only use my tablet so don' know how to do links!
 

chiefdave

Well-Known Member
  • Feb 9, 2018
  • #160
theferret said:
and it isn't as though it prevents use of the facilities for other events, and often events in the exhibition hall take place on matchdays.
Click to expand...
That's the key point. Unless there is a suggestion that Wasps are turning away 20+ events that would take place in the stadium bowl and can only take place on days CCFC happen to have matches and not all the other days its not in use then how can having CCFC there not be a commercial advantage to Wasps?
 
Reactions: SkyBlueZack, stupot07 and theferret

letsallsingtogether

Well-Known Member
  • Feb 9, 2018
  • #161
chiefdave said:
I think the issue with that is that while anyone can put in for a JR winning one doesn't actually get you anything.

There would be another court case to follow where SISU would go after damages.

If they were no longer the owners of the club how would they get any damages awarded passed to them?
Click to expand...
Well they keep saying the club is not involved so I would presume yes.
Then again I am only a layman.
 

skybluetony176

Well-Known Member
  • Feb 9, 2018
  • #162
chiefdave said:
I think the issue with that is that while anyone can put in for a JR winning one doesn't actually get you anything.

There would be another court case to follow where SISU would go after damages.

If they were no longer the owners of the club how would they get any damages awarded passed to them?
Click to expand...

Because a JR is about decision made during a passage of time. During that passage of time they were the owners and their argument will be that they were damaged as owners during that passage of time. Selling the club might actually increase they’re chances of getting compensation. They’re never going to sell it for enough to cover the debt and therefore they could argue that they incurred losses when selling due to the events in said passage of time
 
Reactions: martcov

shmmeee

Well-Known Member
  • Feb 9, 2018
  • #163
letsallsingtogether said:
Sorry only use my tablet so don' know how to do links!
Click to expand...

Either:

- tap and hold on the address in the address bar and click “select all” then “copy”

Or

- look for a share symbol (like one of these: ) then click “copy to clipboard”

Then come here and long press in the reply box and select “paste”
 
Reactions: Otis

Nick

Administrator
  • Feb 9, 2018
  • #164
letsallsingtogether said:
No the face book page has 10,000 it has been going a long time, he is just one of the posters.
It is the Cov City fans forum page.
Click to expand...

Oh, he said he said up that trust thing.
 

Nick

Administrator
  • Feb 9, 2018
  • #165
shmmeee said:
Im glad we’ve got another forum of City fans to hate on. Since GMK and the rest died I’ve missed it.
Click to expand...

No hate from me to GMK, I liked it. Decent wit going on.
 

italiahorse

Well-Known Member
  • Feb 9, 2018
  • #166
chiefdave said:
Hopefully the press releases regarding this deal and the huge difference in tone will be a wake up call for our supporters. OSB has already highlighted the most relevant part.

There you have it, by Wasps own admission, they will quite happily kick us out despite the assurances from CCC at the time of the ACL sale that a condition was no negative impact on the football club.
Click to expand...

CCC can't give assurances if our owners don't care and just keep playing the legal game.
Don't be naive.
Great news as we now have a deadline that we know will finish this, one way or the other.
If it's not sorted by then I don't think I will care.
 

italiahorse

Well-Known Member
  • Feb 9, 2018
  • #167
chiefdave said:
If the language Wasps are throwing about regarding this one year deal doesn't act as a call to arms for our fans then nothing will.
Click to expand...

What a stupid thing to say.
Our fans are pi55ed off with this and it may be doing us a favour.
 
Reactions: rondog1973

oldskyblue58

CCFC Finance Director
  • Feb 9, 2018
  • #168
theferret said:
Sorry, I don't really buy this. People seem to be trying very hard to downplay the football's club value to ACL, and I think it is slightly deceitful.

The season before last, more people attended CCFC games than Wasps games (owing to the fact we play a lot more fixtures). It wasn't quite the case last season, but it wasn't a million miles away.

Yes, parking has been outsourced, but that contract has value, and that value will be higher when 250,000 people attend football matches each year. So too catering. ACL sold catering rights in a multi-million deal a year or two ago, and again that contract will have greater value owing to the presence of the football club - although it is difficult to quantify I know.

The same will apply when new naming rights are agreed. Any company looking at such a deal does so because of the name/brand awareness this can create through many media outlets. Having a football club there adds significantly to this value imo; so it goes way beyond 100K rent, matchday costs and game by game revenues from catering etc.

Ultimately, Wasps do pretty well out of CCFC given that the club only have use of the facility for around 180 hours a year; and it isn't as though it prevents use of the facilities for other events, and often events in the exhibition hall take place on matchdays. It may not be make or break for them, but I think it is more important than some would suggest.
Click to expand...

Entitled to your opinion although I take exception to the implication that I am being deceitful.

Yes the ricoh had 250000 football visitors what was the net benefit to wasps of that ie after deduction of costs. Most of the benefit actually goes to Ccfc in match tickets. The wasps holdings turnover is around 32m Ccfc provide less than 3% even if you rate the Ccfc related turnover in wasps figures at 700k . But because of the bond the wasps focus is on profit not turnover. People ignore the expenses of the arrangement because turnover are bigger figures. Wasps net take on 250000 people is not massive figures. It helps yes, assuming they make a profit. The significance would be in the bond covenants calculation assuming there are profits that could be lost .

The catering is done through a joint venture with compass and controlled by wasps. Compass provide staff etc for agreed rates. Yes the contract has value but take a look at the inter action of IEC and the rest of the group.

The ricoh sponsorship is on going. It also depends on the 1m+ people that go to the stadium that are not Ccfc related, but yes a longer term commitment from Ccfc would help to put stadium sponsorship fees up because of the 250000 footfall. Do they want to commit to that ?

No idea how the car park contract works there have been no published details. So is it dependent on numbers or a set fee?

Having a successful football team based long term (or least the period of the sponsorship) with no baggage adds value. However I suggest you take a look at the current level of sponsorship deals in league 1 & 2 they are not in the tune of millions. Like I say sponsorship at the ricoh has other significant factors to consider unlike many other stadiums that are primarily football based

The value to wasps is political and that would appear to be wearing thin. My points are about what is financially not what could be

Ideally wasps I am sure would want a successful Ccfc there. But in the overall figures for wasps holdings Ccfc is not as significant as people assume. Wasps won't lose the rugby, event, conference, entertainment income if Ccfc are not there.

But it is all opinion honestly given and we differ. I have no problem with that
 
Last edited: Feb 9, 2018
Reactions: skybluepm2

italiahorse

Well-Known Member
  • Feb 9, 2018
  • #169
AFCCOVENTRY said:
Boddy without saying it says club isn't interested in building a new stadium and wants a longer term deal.
Click to expand...

I feel he will be on his way if thats the case.
Sisu always put these people to the sword.
Can't have sensible and honest people not towing the Sisu line.
 

Nick

Administrator
  • Feb 9, 2018
  • #170
italiahorse said:
What a stupid thing to say.
Our fans are pi55ed off with this and it may be doing us a favour.
Click to expand...

It's pretty blatant. Not as if it doesn't happen every single time....
 
Reactions: SkyBlueZack, Ian1779, stupot07 and 1 other person

clint van damme

Well-Known Member
  • Feb 9, 2018
  • #171
italiahorse said:
CCC can't give assurances if our owners don't care and just keep playing the legal game.
Don't be naive.
Great news as we now have a deadline that we know will finish this, one way or the other.
If it's not sorted by then I don't think I will care.
Click to expand...

I've just seen an interview with Nick Eastwood and he didn't appear to rule out another year extension next year. Seemed to contradict the last line of the statement.

He did rule out a longer term deal why legals were on-going.
Edit - here it is
 

higgs

Well-Known Member
  • Feb 9, 2018
  • #172
It stinks that we homeless and can be dictated to us in our own city by a London rugby team

Sent from my SM-G930F using Tapatalk
 
Reactions: SkyBlueZack, Monkeyface, stupot07 and 1 other person

italiahorse

Well-Known Member
  • Feb 9, 2018
  • #173
clint van damme said:
I've just seen an interview with Nick Eastwood and he didn't appear to rule out another year extension next year. Seemed to contradict the last line of the statement.

He did rule out a longer term deal why legals were on-going.
Click to expand...

Probably a better way of doing it.
We all want a good long term deal at the Ricoh surely?
We need to start to building up this club and start to share the Ricoh properly.
 
T

theferret

Well-Known Member
  • Feb 9, 2018
  • #174
oldskyblue58 said:
Entitled to your opinion although I take exception to the implication that I am being deceitful.
Click to expand...

I wasn't suggesting you were being deceitful (it was worded poorly); I was suggesting there was deceit in the argument that had been made a number of times in the thread and elsewhere that CCFC are of little consequence to Wasps/ACL commercially, which I don't wholly agree with.
 
Reactions: SkyBlueZack

italiahorse

Well-Known Member
  • Feb 9, 2018
  • #175
stupot07 said:
Haha Nick Eastwood the king of spin. Wasps the masters of PR lol.

Always said we would agree a short-term deal, as predicted the legals weren't a dealbreaker after all.

Sent from my SM-G930F using Tapatalk
Click to expand...

The 1 year deal has been know
I was eleven in 87 said:
There you have it by Wasps own admission, they will quite happily tell SISU you have 12 months to Fuckin do something regarding our ‘new’ ground, or get rid of the legals and sign a long term at the Ricoh or shut the fuck up and fuck off!!
Click to expand...

About time
 
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