New stadium no further forward

Discussion in 'Coventry City General Chat' started by Sky Blue Pete, Jan 24, 2015.

  1. The Gentleman

    The Gentleman Well-Known Member

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    Sorry RFC but I think you're wrong again, Tisza is a bloke......
     
  2. Rusty Trombone

    Rusty Trombone Well-Known Member

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    The loan hasn't been confirmed as 20 years has it? Also I don't think there's any confirmation of the lease being extended, wasn't this a question that Reid asked in his Cov Observer piece, but an answer not given?
     
  3. tisza

    tisza Well-Known Member

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    i haven't seen any confirmation of les reid's claim that the term and amount of the loan had been reduced.just going off the last published accounts including the post balance events notes.
     
  4. robbiethemole

    robbiethemole Well-Known Member

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    with the naming rights up for renewal this year, if the shirt sponsors JLR takeover the stadium, wont that money go into the Wasp's coffers. Estimated figure for naming rights c £20m. That will clear the loan and leave money in the bank.
     
  5. tisza

    tisza Well-Known Member

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    wasn't the deal extended to 2025 a couple of years ago?
     
  6. Grendel

    Grendel Well-Known Member

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    Unlikely -- it will go straight into the owning clubs coffers -- why on earth would they want the holding company to have anything but debt against it?
     
  7. SkyblueBazza

    SkyblueBazza Well-Known Member

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    The BIG difference is that Wasp's Hedge Fund owners have taken positive & wealth creating actions to make a success of the Club. CCFCs have taken negative & wealth destructive actions to try to ruin a third party so they can get a cheap asset for theirselves.

    PUSB
     
  8. NorthernWisdom

    NorthernWisdom Well-Known Member

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    Reported as such in the Cov Observer, unconfirmed by anybody official.
     
  9. Rusty Trombone

    Rusty Trombone Well-Known Member

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    http://www.coventrytelegraph.net/news/coventry-news/ricoh-arena-sponsors-hope-see-7108507

    The original deal is thought to expire in 2015 after a ten-year deal was announced in 2005. But both the Ricoh firm, and stadium operators ACL, now refuse to confirm the length of the deal currently in place.


    However, Chas Moloney, Ricoh UK’s head of marketing, said there were options ‘on both sides’ to extend the deal in the future.
     
  10. Neutral Fan

    Neutral Fan Member

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    AFC Wimbledon managed it fine when they were franchised out of existence.

    I don't understand why your Trust hasn't set up formal links with AFC. Their experience could be invaluable if SISU lead you into total ruination.
     

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