bigfatronssba
Well-Known Member
Eh the 10 point deduction had no bearing on our league 1 status.
How would you say the deduction affected the club?
Rent Money owed to ACL rumour (8 Viewers)
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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
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
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
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.
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
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
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
ours wouldnt dream of using them, arent they grubby ?
bigfatronssba
Well-Known Member
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
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
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
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
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
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
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
Hilarious really, I'm accused of avoiding questions yet you avoid answering them - its just "dwelling in the past".
SkyblueBazza
Well-Known Member
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
PUSB
bigfatronssba
Well-Known Member
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.
Danceswithhorses
Well-Known Member
Was the time limit before 31 May, or at the end of the administration process ?
ccfcway
Well-Known Member
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
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
J
Jack Griffin
Guest
Calista
Well-Known Member
Astute
Well-Known Member
D
Deleted member 5849
Guest
Astute
Well-Known Member
so, today is the day
watch it come and go without payment and we wonder why "trust" has broken down
I blame CCC if SISU don't pay it.
bigfatronssba
Well-Known Member
Labovitch will blame the modalities of bank transfer mechanics.
skybluetony176
Well-Known Member
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.
skybluetony176
Well-Known Member
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.
I scored 14/20 ... :facepalm: