But then we contributed 33% of turnover for 2009,2010 and 2011, when you consider rent, F&B's and match day costs ~ £2.35m
2009 35.7%
2010 35.1%
2011 30.2%
Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors
So, the city of Coventry has ended up with a £120M events hall with a massive green hole in the middle?
Read OSB's response as well... thats two accountants saying the same!
Weird it's almost like the figures don't add up.
I know this might come as a shock to Godiva but i agree ............... the whole process has served to sharpen up the ACL act. They are now driving the business, making it sharper and more efficient. The focus is no longer on football
Shes useless, I asked her if we could expect the club back in the next 12mths, she couldnt answer.Too right. The club can fuck off. We demand a Physic Sally event every two weeks.
Maybe they employed sisu's accountant .Weird it's almost like the figures don't add up.
But then we contributed 33% of turnover for 2009,2010 and 2011, when you consider rent, F&B's and match day costs ~ £2.35m
2009 35.7%
2010 35.1%
2011 30.2%
sorry, but do not have the 5 years to spare... you clearly are not a good listenerI'd rather not. I would like you to explain it to me.
sorry, but do not have the 5 years to spare... you clearly are not a good listener
I know this might come as a shock to Godiva but i agree ............... the whole process has served to sharpen up the ACL act. They are now driving the business, making it sharper and more efficient. The focus is no longer on football
I know this might come as a shock to Godiva but i agree ............... the whole process has served to sharpen up the ACL act. They are now driving the business, making it sharper and more efficient. The focus is no longer on football
That's a deeply unpleasant thought in itself isn't it, that the purpose of a football ground is no longer as a football ground.
That's a deeply unpleasant thought in itself isn't it, that the purpose of a football ground is no longer as a football ground.
So, the city of Coventry has ended up with a £120M events hall with a massive green hole in the middle?
That's history. We are talking about the now. The way that ACL have, and continue to change their business model to make it less reliant on the club.
So; I'll ask the question again. What if it is sustainable without the cub now? Where does that leave SISU's gamble with our football cub?
Taking that into account it could suggest the club could retun at the price of pure matchday cost. Forget the rounded offers at £400k or £150k per year ... it could happen at the actual match day costs without worsening the ACL business case. In fact it would probably add extra income as the businesses at the Ricoh would gain extra revenue.
And the club could still get ACL's share of F/B on match days without weakening ACL profit.
That's a deeply unpleasant thought in itself isn't it, that the purpose of a football ground is no longer as a football ground.
Agreed, but that is Joy's non-negotiable position, and we all must suffer the consequences.That's a deeply unpleasant thought in itself isn't it, that the purpose of a football ground is no longer as a football ground.
"Lucas is serious, genuine & sincere"
"Very few people don't want CCFC at the Ricoh"
"It's within Otium's Gift to come back"
"3 courses of action: rental deal (Sisu turned down, but ACL are up to talk), buy the whole thing (need to talk to CCC, not for me to say but thinks it's very difficult, and not best option, even though that's what Joy wants. Wouldn't give them income unless they buy ACL too). " - Didn't say third, got interrupted.
"I don't think it's wise to say publicly what the price is, for CCC's ACL share, Higgs have veto over any side's share sale and at the moment would refuse to talk to any Sisu company until debts to them are paid (didn't say what debt: Alan Higgs, perhaps? - see below regarding legal costs)"
Q: What does the future look like without club for Ricoh?
A: "total income for 2012/13 around £12m with football, 2013/14 projected £13,5m with no football"
Q: How confident are you, does that take into account things like weddings not happening cos it's not CCFC"
A: "This isn't just guess work, we monitor this and are confident. You have to understand Ricoh business is national, not local. Most business comes from outside Coventry, around Europe. Around 55% of business is that. That expands with or without club. Of course ACL would love to have club, and are open to discussion, but the place isn't empty and doing nothing. Some events are totally secret (e.g. car manufacturer), no-one sees them."
"Joy said 'Trust me, I will not let you down' promised to pay £28k (Higgs legal fees accrued during neogotiations) if deal for Higgs share didn't go through, that money is still owed. Any deal needs to see money paid back that is owed"
"Hopeful academy back shortly, still negotiating"
"When you have a job to do you do the job, not about personality. If approach is made, ACL are more than up for it."
Sorry, typing as I listened.
The thing is when either side say they are willing to talk it means very little as the conversation goes
Sepalla : we want to own the Ricoh
ACL/CCC : no
End of talks
There's no point in talks or offering to talk to the other side unless one side have indicated they are willing to shift their position
But that's just it though CCFC whether have you heard or read in the last 24 hours from PWKH or Ann Lucas that a sale of the Ricoh isn't possible, the next step should be an independent evaluator comes in and evaluates the price of the business for the Ricoh Arena and SISU offer that value, ACL (CCC) can't then claim that they haven't got a fair price for the taxpayers of Coventry.
Out of interest, why do you think that ACL would consider offering Otium a deal to play rent free and only cover match day costs whilst also allowing Otium a share of F/B?
Are ACL directors allowed to subsidise another, separate and unconnected business in this way?
It wouldn't add any extra income in your scenario, as you are also giving any additional F&B income away. You are also likely to have increased ACL's costs in other areas, so the directors would not be taking their responsibilities to act in the companies best interests seriously, which is I believe, against UK Company Law.
But that's just it though CCFC whether have you heard or read in the last 24 hours from PWKH or Ann Lucas that a sale of the Ricoh isn't possible, the next step should be an independent evaluator comes in and evaluates the price of the business for the Ricoh Arena and SISU offer that value, ACL (CCC) can't then claim that they haven't got a fair price for the taxpayers of Coventry.
Exactly, I think a fair price is market value and if that is more than what the council paid then so be it. IF the Ricoh was to be 100% owned by the club and not SISU then I wouldn't be too fussed about them getting it mega cheap though.
'Independent evaluator'. Where do we find one of those?
Who picks him/her. Who pays for their time and expertise? Imagine the answer to these two questions will be key in determining what 'value' is put on the Ricoh. Is it just the stadium, the whole site, the freehold and/or ACL that needs to be valued?
robbo it still wouldn't match seppela's.you can find buesiness evaluator's i am sure.
I would say the council, forget sisu if the council get the evaluator in he can give them a price to the business, that way ccc can then go to sisu and say x amount take it or build your own stadium.
Well if i am not mistaken ann lucas is trying to do her best for coventry taxpayers, and not short change them, i would be happy if she invested the money that the taxpayers have pumped into the ricoh since it has opened which the council have proffited from in getting a evaluation.
But the question will be whether SISU will pay a fair price for the Arena, if they're serious at building a new ground then doing what they can to also secure the Ricoh should be high on priorities.
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