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Rent Money owed to ACL rumour (1 Viewer)

  • Thread starter Bennets Afro
  • Start date May 27, 2014
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bigfatronssba

Well-Known Member
  • May 28, 2014
  • #141
Ian1779 said:
How exactly do you come to that conclusion??
Click to expand...

Eh the 10 point deduction had no bearing on our league 1 status.

How would you say the deduction affected the club?
 

bigfatronssba

Well-Known Member
  • May 28, 2014
  • #142
Grendel said:
The majority do own their own ground - what are you on about?
Click to expand...

Well we don't really have any evidence of that do we?

What is clear many clubs do not own their ground, and it doesn't seem to be an issue for them.
 

stupot07

Well-Known Member
  • May 28, 2014
  • #143
bigfatronssba said:
From the point of view of the club I am saying exactly that.

The club needs revenues, no one denies that. However ownership is not needed for that. As I've said before, its sisu that need to own the ground, not the club. The club just needs the revenue.

Molineux is on a very long lease, between the club and council: http://www.expressandstar.com/news/2010/03/31/999-more-years-for-wolves-at-molineux/
Click to expand...

A 999 year lease is as good as owning it. I'd be more than happy for our council to offer a 999 year lease to the club.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 
M

martcov

Well-Known Member
  • May 28, 2014
  • #144
Why on earth do you need to own your business premises - apart from using them as collateral? If you got it for below the market value that's a good reason, you are making a profit on the previous owners loss. Ok it may also be easier to make alterations as you don't need to ask the owner - so that's 2 reasons.

To get revenue is the weakest excuse though. I have a shop and a pub and a storeroom for my mobile business. All three businesses provide revenue. I pay the agreed rent and base my calculations on that.

If my pub rent was more - as with pubs in the town centre - then I would charge more for the products, as the other publicans do.

In fact it is in many ways better to rent, you know where you stand and the landlord maintains the building.

A business premises is not like a house. People always need somewhere to sleep, but business premises can soon become worth much less due to economic factors.

What is the average life of a football stadium? Highfield Road's first modern stands were built in the sixties and were gone by 2005. How many Stadiums are the same as 50 years ago? Whoever owns the stadium has at best 30 to 40 years to go before a major "update".

I think I would rather be a tenant on a fixer low rent with access to revenues and the owner takes the real estate risks. That's what I would be going for.
 

Grendel

Well-Known Member
  • May 28, 2014
  • #145
bigfatronssba said:
Well we don't really have any evidence of that do we?

What is clear many clubs do not own their ground, and it doesn't seem to be an issue for them.
Click to expand...

Very few grounds are seperate from the holding company. I have identified 15 - how many have you? As for not an issue well

Forest - £115,000 a year
Ipswich - ditto
Swansea - not a lot plus 30% of management company
Hull - £54,000 a year and charge the council to use office space

Not much of an issue no - can't think why. Anyway name more than 15 that do not own the ground.
 

Grendel

Well-Known Member
  • May 28, 2014
  • #146
martcov said:
Why on earth do you need to own your business premises - apart from using them as collateral? If you got it for below the market value that's a good reason, you are making a profit on the previous owners loss. Ok it may also be easier to make alterations as you don't need to ask the owner - so that's 2 reasons.

To get revenue is the weakest excuse though. I have a shop and a pub and a storeroom for my mobile business. All three businesses provide revenue. I pay the agreed rent and base my calculations on that.

If my pub rent was more - as with pubs in the town centre - then I would charge more for the products, as the other publicans do.

In fact it is in many ways better to rent, you know where you stand and the landlord maintains the building.

A business premises is not like a house. People always need somewhere to sleep, but business premises can soon become worth much less due to economic factors.

What is the average life of a football stadium? Highfield Road's first modern stands were built in the sixties and were gone by 2005. How many Stadiums are the same as 50 years ago? Whoever owns the stadium has at best 30 to 40 years to go before a major "update".

I think I would rather be a tenant on a fixer low rent with access to revenues and the owner takes the real estate risks. That's what I would be going for.
Click to expand...

Would be happy as a tenant in a pub that couldn't claim any revenue from the people it attracted in? Also id check who is responsible for those updated. Club has to pay ground maintenance as part of those management charges.

Its a shit deal. Don't pretend otherwise.
 

ccfcway

Well-Known Member
  • May 28, 2014
  • #147
Grendel said:
Hull - £54,000 a year and charge the council to use office space.
Click to expand...

ours wouldnt dream of using them, arent they grubby ?
 

bigfatronssba

Well-Known Member
  • May 28, 2014
  • #148
Grendel said:
Very few grounds are seperate from the holding company. I have identified 15 - how many have you? As for not an issue well

Forest - £115,000 a year
Ipswich - ditto
Swansea - not a lot plus 30% of management company
Hull - £54,000 a year and charge the council to use office space

Not much of an issue no - can't think why. Anyway name more than 15 that do not own the ground.
Click to expand...

Here you go:

Forest
Wolves
Man City
Leeds Utd
Ipswich
Barnsley
Swansea
Hull
Peterborough
Swindon
Walsall
Crawley
Fleetwood
Bradford
Plymouth
Hartlepool
Northampton
Torquay
 

Grendel

Well-Known Member
  • May 28, 2014
  • #149
bigfatronssba said:
Here you go:

Forest
Wolves
Man City
Leeds Utd
Ipswich
Barnsley
Swansea
Hull
Peterborough
Swindon
Walsall
Crawley
Fleetwood
Bradford
Plymouth
Hartlepool
Northampton
Torquay
Click to expand...

Missed three then but Walsall are owned by the landlord. So most don't and how's by have as shit deal as we had then by the local council?
 

skybluefred

New Member
  • May 28, 2014
  • #150
CCFC owned Highfield Rd and where drowning in debt. It's the owners that need to go and then the ground will look after itself.
 

bigfatronssba

Well-Known Member
  • May 28, 2014
  • #151
Grendel said:
Missed three then but Walsall are owned by the landlord. So most don't and how's by have as shit deal as we had then by the local council?
Click to expand...

So what's your solution then. What would you like to see the council do? Remember the council cannot offer the unencumbered freehold.

Without going on about what has happened in the past, what offer do you think the council can realistically offer that would be acceptable to sisu?
 

bigfatronssba

Well-Known Member
  • May 28, 2014
  • #152
skybluefred said:
CCFC owned Highfield Rd and where drowning in debt. It's the owners that need to go and then the ground will look after itself.
Click to expand...

No no your completely wrong. Chicken Balti pies and disgusting dried up sausage rolls will fund our Champions League campaign. It doesn't matter that the owners will spend all the revenue on crap players and loan interest.
 

chiefdave

Well-Known Member
  • May 28, 2014
  • #153
Grendel said:
The majority do own their own ground - what are you on about?
Click to expand...

Didn't someone on here speak to the FL for their uni project and get told the majority of clubs didn't own their ground. Sure I haven't imagined that!

In my opinion ownership of the ground is pretty much irrelevant, it's who gets the revenue. Also people talk about ground ownership as if there are zero costs involved. Down here Pompey are having to find £400K a year just to keep the ground at a level where they can keep it open (they actually have parts of the ground closed off as they can't afford the repairs to pass H&S). Now obviously the Ricoh is newer and shouldn't need that level of outlay every year but to truly analyse who gets the best deal you need more than a headline 'rent' figure as different clubs will be paying rent or costs that cover different things, when quoting rent figures its hard to be sure we are comparing like with like. Lets say we did own the Ricoh and had since day one, how much would we be paying every year on the mortgage? Can we be certain that would be a better prospect than a low rent with access to revenues.

Of course we'd all like the best deal for the club (not SISU), but I think it would be wise to try and avoid over simplifying things.
 

chiefdave

Well-Known Member
  • May 28, 2014
  • #154
Grendel said:
Would be happy as a tenant in a pub that couldn't claim any revenue from the people it attracted in?
Click to expand...

Been there done that. You soon get fed up of people moaning about the price of beer when you're only getting to keep 30% or less of the cost and have to pay thousands a week in rent!!!
 

Grendel

Well-Known Member
  • May 28, 2014
  • #155
bigfatronssba said:
So what's your solution then. What would you like to see the council do? Remember the council cannot offer the unencumbered freehold.

Without going on about what has happened in the past, what offer do you think the council can realistically offer that would be acceptable to sisu?
Click to expand...

Hilarious really, I'm accused of avoiding questions yet you avoid answering them - its just "dwelling in the past".
 
S

SkyblueBazza

Well-Known Member
  • May 29, 2014
  • #156
I think I've read elsewhere that the end of the month is the deadline for them to pay. Why would ANY guarantor pay in advance of the deadline???


PUSB
 

bigfatronssba

Well-Known Member
  • May 29, 2014
  • #157
Grendel said:
Hilarious really, I'm accused of avoiding questions yet you avoid answering them - its just "dwelling in the past".
Click to expand...


As for what deals existed between other clubs and their councils is irrelevant. None of those clubs played at a ground comparable to the Ricoh.

You just carry on with your bitterness against CCC. Its good Sisu are also following your lead in anti council bile. Its clearly the best, most sensible way to ensure CCFC return to the Ricoh.
 
S

Spionkop

New Member
  • May 29, 2014
  • #158
Sisu out. This cancerous lot are killing our club.
 

ccfcway

Well-Known Member
  • May 29, 2014
  • #159
So, do they have to pay this money tomorrow (as the last working day of the month) or not ?
 

Danceswithhorses

Well-Known Member
  • May 29, 2014
  • #160
ccfcway said:
So, do they have to pay this money tomorrow (as the last working day of the month) or not ?
Click to expand...
Was the time limit before 31 May, or at the end of the administration process ?
 

ccfcway

Well-Known Member
  • May 29, 2014
  • #161
SISU Will Honour Agreements Says Labovitch

Coventry City Independent Non-Executive Director Mark Labovitch has said that the club will pay Arena Coventry Limited the £590k they owe as per their agreement with the Football League.

The deadline for the payment is May 31st although which some City officials have, according to the Coventry Telegraph's Simon Gilbert said that the £590k would have received by ACL for unpaid rent if a company voluntary agreement (CVA) had been signed at the start of the season. cannot be paid until CCFC (Holdings) Ltd is liquidated.


Mark Labovitch said: “Whatever the outcome of the liquidation we will pay them (ACL) what they would have recovered if they had accepted the CVA.


“I can’t comment on the bank transfer mechanics but we honour our agreements with our industry body - end of.


“There are two modalities of timing, one was the end of May. The other was at the end of the liquidation process. The long and the short of it is, if we make an agreement with the Football
League, we will honour it.”

..............................

So, in short, no, its not going to be paid tomorrow
 

Hobo

Well-Known Member
  • May 29, 2014
  • #162
They are the sort who will pay late just for the hell of it, just to exercise that little bit of control. Childish really.
 
B

blend

New Member
  • May 29, 2014
  • #163
They are possibly delaying until after the JR
 
M

Monners

Well-Known Member
  • May 29, 2014
  • #164
My unerstaning is that this payment is nothing to do with the JR. Equally, there is no legal obligation to pay, but purely down to a FL requirement. It is indeed a bit childish and attention seeking, which appeares to ML/TF's hallmark
 
J

Jack Griffin

Guest
  • May 29, 2014
  • #165
blend said:
They are possibly delaying until after the JR
Click to expand...

Who stalled the liquidation process & why?

3 guesses...
 

Calista

Well-Known Member
  • May 29, 2014
  • #166
bigfatronssba said:
Here you go:

Forest
Wolves
Man City
Leeds Utd
Ipswich
Barnsley
Swansea
Hull
Peterborough
Swindon
Walsall
Crawley
Fleetwood
Bradford
Plymouth
Hartlepool
Northampton
Torquay
Click to expand...

Chelsea?

http://en.wikipedia.org/wiki/Chelsea_Pitch_Owners
 

Astute

Well-Known Member
  • May 29, 2014
  • #167
Norman Lockhart said:
Chelsea?

http://en.wikipedia.org/wiki/Chelsea_Pitch_Owners
Click to expand...

How about Coventry?

So how many more is there?
 
D

Deleted member 5849

Guest
  • May 29, 2014
  • #168
Jack Griffin said:
Who stalled the liquidation process & why?

3 guesses...
Click to expand...

Brian Blessed.

Because Gordon is not, in fact, alive.
 

ccfcway

Well-Known Member
  • May 30, 2014
  • #169
so, today is the day

watch it come and go without payment and we wonder why "trust" has broken down
 

Astute

Well-Known Member
  • May 30, 2014
  • #170
ccfcway said:
so, today is the day

watch it come and go without payment and we wonder why "trust" has broken down
Click to expand...

I blame CCC if SISU don't pay it.
 

bigfatronssba

Well-Known Member
  • May 30, 2014
  • #171
Astute said:
I blame CCC if SISU don't pay it.
Click to expand...

Labovitch will blame the modalities of bank transfer mechanics.
 

skybluetony176

Well-Known Member
  • May 30, 2014
  • #172
bigfatronssba said:
Labovitch will blame the modalities of bank transfer mechanics.
Click to expand...

I reckon that the person in charge of clearing payments at sisu's bank is non other than a Mr A Thorne and his supervisor is a Ms A Lucas.















There you go. Saved grendull the bother of posting that. It's bound to be their fault some how.
 
L

Lord_Nampil

Well-Known Member
  • May 30, 2014
  • #173
http://www.coventrytelegraph.net/news/coventry-news/former-coventry-city-chairmen-forced-7193749
 

skybluetony176

Well-Known Member
  • May 30, 2014
  • #174
Lord_Nampil said:
http://www.coventrytelegraph.net/news/coventry-news/former-coventry-city-chairmen-forced-7193749
Click to expand...

I always new Simon Gilbert was a Sisu appologist


Being serious for a moment. Simon, keep doing what your doing. Printing facts and let the facts speak for themselves, something us fans have been starved of for a long time.
 
G

Godiva

Well-Known Member
  • May 30, 2014
  • #175
Lord_Nampil said:
http://www.coventrytelegraph.net/news/coventry-news/former-coventry-city-chairmen-forced-7193749
Click to expand...

I scored 14/20 ... :facepalm:
 
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