Why would the council want it without CCFC to play in it? Genuine question BTW
Why would the council want it without CCFC to play in it? Genuine question BTW
Fisher said that since April ACL has received £800K from the club. Some have said this is not true and laughable. I said I look forward to hearing ACL stating they haven't received that amount.
So why would that be worse than where we are at now?They want it and with CCFC to play in it, its a long term revenue stream. I dont think they want Sisu to even get half of it. Because they know they will then be looking for the other half.
So why would that be worse than where we are at now?
You haven't answered my question. You have changed the subject .. Like a politician!Does anyone think its morally right that Coventry Council are set to cut 800 jobs over the next 2 years but on the other hand bail out ACL to the tune of 14 Million pounds.
You haven't answered my question. You have changed the subject .. Like a politician!
Does anyone think its morally right that Coventry Council are set to cut 800 jobs over the next 2 years but on the other hand bail out ACL to the tune of 14 Million pounds.
Elephant,
Why would the council getting control of the Ricoh with CCFC in it (cannot see why the council would want this scenario, but anyway...) be worse than SISU?
different budgets
Bollocks, in reality its all the same pot. If they cant afford to keep employees they they cant afford the Ricoh either.
One is operating budget. The other comes from a fund they can borrow from at low rates, then charge ACL a greater value thereby making money.
It's not all one great pot. Pensions for example would be different yet again
Elephant,
If the council want the Ricoh with CCFC in it, why would that be worse than what we have now with SISU?
That was my question.
Where has it been disclosed that this is where the money has come from?
At the time of the deal. A central fund from which they can borrow at very low rates. They have back to back lent to ACL at a higher rate than they pay, therefore making money for the council. ACL got better rates than they were getting from their bankers: so in theory it's a win:win. Unless your name is Fisher
Sorry elephant, you still haven't explained why SISU would be better than your alleged cunning plan of a council owned club?
Unlikely, but you need to explain why this would be worse.
Because CCFC is currently SISU like it or not. At least some of the revenue would be put back in to CCFc by sisu as the more successful the football team is the more money they make. I dont care if sisu take money from the club as long as it makes us more successful. Do you not think the Glaziers take from united?
Sorry elephant, you still haven't explained why SISU would be better than your alleged cunning plan of a council owned club?
Unlikely, but you need to explain why this would be worse.
What I think too. Just that sisu won't just walk awayThey want it and with CCFC to play in it, its a long term revenue stream. I dont think they want Sisu to even get half of it. Because they know they will then be looking for the other half.
I have no proof but years ago someone connected to the club said if you follow the matrix laid out it would cost 15m for halfWhen I quoted a half share to be £10m. I was shouted down about not having proof, and was told it was more like £6m.
Yet! guess who "Liked" your £15m quote.....1 third of Curly, Larry, and Mo.:facepalm:
Elephant, If the council owned the Ricoh and CCFC you think they would milk it and let it rot. Am I right?
Cannot see it, myself. If such an unlikely event came to pass the council would want to sell it, surely?
Maybe interested parties would then step forward, including part owned by supporters group a possibility, don't you think?
The 'bore off' comment was unnecessary, as I am not trying a windup, mine are genuine questions.
You see this is what doesn't ring true for me. The revenue streams from the Ricoh are tiny compared to a council's budget and it seems more likely that CCC want rid of the whole thing but only to a company they trust to keep that part of Coventry improving. The last thing CCC need is aggressive Hedge fund types getting their grubby hands on a large part of the city's image and livelihood. CCC may be wrong but I do not believe their motives are mercenary.
Can anyone say whether ACL need the club at all? Do the other revenue streams pay the loan off? In which case they could just close the football pitch down and use the stadium for big events.
ACL say they can survive without the club. What might be of more interest is that they have had their accounts signed-off this week, which means their third-party and independent auditors must believe it's a viable concern moving forward; even allowing for the pretty real prospect of the club not being around for much longer.
You may not find this palatable, but it would have been considered by the auditors, and they were still happy to sign off the accounts. Deduce from that what you will
Short term ACL will survive, long term all interest would be lost from an Arena that has no team. CCFC would have a stadium of its own which local business would want to be associated with. The Ricoh would be demolished within 10 years due to lack of interest.
Where would this fictional stadium be, and who would grant the planning permission? You're living in a cloud cuckoo land and going on my 'ignore' list with Grendel and the rest after I've read your answer.
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