When SISU talk about "needing to own our our stadium to access all revenue streams" what exactly are they referring to?
Obviously:
-Food and beverage
-Parking
But what else could possibly equate to the value they are currently losing in Northampton?
But the new stadium will be owned by Otium/SISU who will rent it to CCFC. How will CCFC benefit from non-footballing events in this case?
It will count as revenue under FFP. People need to accept that the club would be an umberella company under whoever owned them but in essence they would be one company.
How much rent will CCFC pay for this essence ?????
When SISU talk about "needing to own our our stadium to access all revenue streams" what exactly are they referring to?
Obviously:
-Food and beverage
-Parking
But what else could possibly equate to the value they are currently losing in Northampton?
Sponsorship £2m per annum (naming rights etc.)
All of the Compass related income £14m per annum (C&E, Events, Hotel, car parking etc.)
Concerts £1m per annum (when they get them back)
Tenants £1m per annum (Casino and other available office accommodation)
Cant think of any other at the moment, but this is what the greedy little piggy's are after.....
Irrelevant if its one pence or one million - that's the benefit of the arrangement.
Corporate Functions also
Off course it's relevant. What's the point of having say £5m allowed to be invested in the squad under FFP rules if only couple of hundred thousand is available to invest in the squad because the rest has gone to ARVO by way of rent, interest payments, match day cost and licence fee's while the rest go to sisu in management fees, legal costs (let's face it, as long as sisu are here we're bound to be taking someone to court) etc.
Besides which you still have no idea if any sisu owned stadium will be under the same umbrella as the club as sisu don't want to confirm this.
They've left a lot to be assumed and our experience of our owners should tell any CCFC fan to assume the worse to avoid disappointment later. But yet some don't. Amazing.
For all you know taking a reasonable rent offer of ACL with access to match day revenues could be the best option long term for the club.
Still if sisu were to lay down the terms for the club at a sisu owned stadium we'd be able as fans to make an informed decision and more importantly they might just get us ALL onside. Strange that they won't?
It's almost like they won't because they know it will do the opposite so it's best to release a few noncommittal statements and the stupid supporters of CCFC will assume the best as they're all neanderthals who hang on our every word. Hence, every game at Suxfields is a sell out.
Off course it's relevant. What's the point of having say £5m allowed to be invested in the squad under FFP rules if only couple of hundred thousand is available to invest in the squad because the rest has gone to ARVO by way of rent, interest payments, match day cost and licence fee's while the rest go to sisu in management fees, legal costs (let's face it, as long as sisu are here we're bound to be taking someone to court) etc.
For all you know taking a reasonable rent offer of ACL with access to match day revenues could be the best option long term for the club.
Irrelevant if its one pence or one million - that's the benefit of the arrangement.
Total, unfounded nonsense.
You may well be right about that, but also we have no guarantee that a future owner wouldn't do exactly the same, and if previous owners are a measure I would expect subsequent owners to act pretty similarly.
So in order to remove our reliance on owners like SISU we have to be in a position where we can stand on our own two feet. Why on earth would any Coventry fan not want the club to have access to all the revenue it generates on matchday, as well as all the revenue generated at their home stadium, as some of that will be there due to the presence of a professional football club. The model makes total sense.
Yes this could be a good starting point, but long term it is not sustainable. Best scenario is that the football club have control of everything. Freehold ownership is not mandatory to achieve this, but 100% ownership of ACL is. SISU have to pay for this to happen, and should pay a FAIR price. Which means negotiation on both sides.
This for me has to be the long term goal.
So if CCFC are paying Arvo 1.8million a year in interest + 1million for rent which = 2.8million.
How much turnover would be required to generate 2.8 million profit to pay Sisu/Arvo alone ???
Do some sums Grendel !!!
Grendel I'm looking forward to seeing your explanation ?
[video=youtube;SBmAPYkPeYU]https://www.youtube.com/watch?v=SBmAPYkPeYU[/video]
Hard to find a song that sums it all all up!
But I think I finally found it!
So if CCFC are paying Arvo 1.8million a year in interest + 1million for rent which = 2.8million.
How much turnover would be required to generate 2.8 million profit to pay Sisu/Arvo alone ???
Do some sums Grendel !!!
We were paying £1 million in rent not now unless you have had some cosy chats with ML in Luton and he has told you this? Interest is interest on a loan which will not change anyway and none of this effects FFP. Satisfied?
I wasn't aware that sixfields is costing 1million a year in rent.
CCFC needs to be sustainable do you not agree ??
Anyway how can finding 2.8 million each year to pay Sisu/Arvo be irrelevant. What's the point of FFP if the extra revenue can't be spent on having a competitive team ???
Within Turnover, clubs can include such things as Hospitality/Banqueting income (whether it is match day or non-match day income). The direct costs have to be deducted to reach a figure that is submitted on the SCMP return. For Hospitality/Banqueting for example, the Direct costs are all costs directly attributable to put on a hospitality/banqueting event. This would include food & beverage, direct staff and cleaning costs such as laundry etc.
And here is the crux of it. This is where the money can be made.
EDIT: If it's enough revenue to deem ACL a 'sustainable business' then it's enough for the club to want to have it.
The other thing I'm not sure about is commercial income? They example sponsorship, but surely it could include any rentals? I am sure Northampton are benefitting from us!
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