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Stadium Name Change ? (5 Viewers)

  • Thread starter italiahorse
  • Start date May 9, 2015
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D

Deleted member 5849

Guest
  • May 9, 2015
  • #36
The Gentleman said:
JLR have only started doing very well in recent times
Click to expand...

This is more the point, haven't been in a position to sponsor really until recently, and spent half the time trying to move *out* the city then, anyway!
 

Sky Blue Harry H

Well-Known Member
  • May 9, 2015
  • #37
Otis said:
I'm hoping they go with Stadium Coventry Arena Bowl.



Otherwise known as the SCAB Stadium.
Click to expand...

I was hoping Tim Fisher might team up with David Gold (or Bobby) and they could call it The Gold Fisher Bowl :slap:
 

Sick Boy

Super Moderator
  • May 9, 2015
  • #38
I always wished that the fans could have labelled it the City of Coventry stadium. The acronym could have been quite accurate.
 

shmmeee

Well-Known Member
  • May 9, 2015
  • #39
Wasn't this the original name before Jag pulled out? There was going to be a big cat on the roof and all sorts.

Of course now it's Wasps doing it we need to be bitter, because you know the council. Or something.
 

Sick Boy

Super Moderator
  • May 9, 2015
  • #40
shmmeee said:
Wasn't this the original name before Jag pulled out? There was going to be a big cat on the roof and all sorts.

Of course now it's Wasps doing it we need to be bitter, because you know the council. Or something.
Click to expand...

We all know where your true loyalties lie.
 

ccfc92

Well-Known Member
  • May 9, 2015
  • #41
Sick Boy said:
We all know where your true loyalties lie.
Click to expand...

No, I think he is correct.

The sponsorship deal with Ricoh came about after the stadium's initial sponsor, the motor firm Jaguar, was forced to pull out because of the financial difficulties that had caused the controversial closure of the large Jaguar assembly plant at the city's Brown's Lane, previously a major source of employment in Coventry. On 4 August 2004, 12 months before the stadium's opening, it had been announced that the new stadium would be called the Jaguar Arena in a deal worth up to £7 million until 2015. However, the deal was cancelled on 17 December 2004.[SUP][13][/SUP] Ricoh's sponsorship of the new stadium was confirmed on 26 April 2005.[SUP][[/SUP]
 

ccfcway

Well-Known Member
  • May 9, 2015
  • #42
Johnnythespider said:
To me it will always be arena 2000
Click to expand...

i have been there. Not much has changed but its now owned by Wasps. Cant comment on TF great great great grand daughter !
 

SkyBlue_Bear83

Well-Known Member
  • May 9, 2015
  • #43
Not that bothered what the sponsorship is, its not like it matters to us as we didn't see a penny of the Ricoh sponsorship and won't see a penny of any new deal.
 
C

Covfather

Member
  • May 9, 2015
  • #44
Went to the rugby today, first and last rugby game i ever been too. It was so sad to be there, just looking at what the Sisu fockwits lost out on. There was entertainment, flowing beers, service behind every till, every turnstyle open, no queues to get into ground and stewards who were helpful and just let everything flow. It has now lost that home feeling for me.
 

ccfcway

Well-Known Member
  • May 9, 2015
  • #45
Covfather said:
Went to the rugby today, first and last rugby game i ever been too. It was so sad to be there, just looking at what the Sisu fockwits lost out on. There was entertainment, flowing beers, service behind every till, every turnstyle open, no queues to get into ground and stewards who were helpful and just let everything flow. It has now lost that home feeling for me.
Click to expand...

to be fair, we never had any of the highlighted stuff
 
I

Intheknow

New Member
  • May 9, 2015
  • #46
The Gentleman said:
Maybe you can tell us then what they were willing to pay?
Click to expand...

Paragraph 41
http://www.ccfc.co.uk/documents/2014-06-30-final-jr-judgement-pdf-16944132-1144-1707475.pdf

Reading this again I see the Ricoh was valued at £37m some years ago. But this was dependent on a team playing at the Ricoh. Perhaps the valuation in the Prospectus may not then be too far off the mark?
 

Moff

Well-Known Member
  • May 9, 2015
  • #47
Intheknow said:
Paragraph 41
http://www.ccfc.co.uk/documents/2014-06-30-final-jr-judgement-pdf-16944132-1144-1707475.pdf

Reading this again I see the Ricoh was valued at £37m some years ago. But this was dependent on a team playing at the Ricoh. Perhaps the valuation in the Prospectus may not then be too far off the mark?
Click to expand...

Enjoy todays game? I enjoyed the result, both at the Ricoh and Franklins gardens.
 

Nick

Administrator
  • May 9, 2015
  • #48
Intheknow said:
Paragraph 41
http://www.ccfc.co.uk/documents/2014-06-30-final-jr-judgement-pdf-16944132-1144-1707475.pdf

Reading this again I see the Ricoh was valued at £37m some years ago. But this was dependent on a team playing at the Ricoh. Perhaps the valuation in the Prospectus may not then be too far off the mark?
Click to expand...

Following due diligence, SISU did not wish to offer the price set out in theIndicative Term Sheet, being willing to offer only closer to £2m than £5.5m.
Click to expand...

Sounds about right then doesn't it for 50%?
 

stupot07

Well-Known Member
  • May 9, 2015
  • #49
Intheknow said:
Paragraph 41
http://www.ccfc.co.uk/documents/2014-06-30-final-jr-judgement-pdf-16944132-1144-1707475.pdf

Reading this again I see the Ricoh was valued at £37m some years ago. But this was dependent on a team playing at the Ricoh. Perhaps the valuation in the Prospectus may not then be too far off the mark?
Click to expand...

Paragraph 41 does not mention the words '£37m'.

It mentions "...to offer only closer to £2m than £5.5m.

And

"...trustees considered the valuation of ACL may have fallen to £5-6m...."


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

Nick

Administrator
  • May 9, 2015
  • #50
So what it is saying is that SISU were offering £2m for 50% which was around the actual value if the lot went for £5.5. So the "SISU wouldn't pay" and "wanted it for nothing" claims aren't true?

Not to mention the council people saying how SISU would be paying well over the odds at £5.5.
 
I

Intheknow

New Member
  • May 9, 2015
  • #51
stupot07 said:
Paragraph 41 does not mention the words '£37m'.

It mentions "...to offer only closer to £2m than £5.5m.

And

"...trustees considered the valuation of ACL may have fallen to £5-6m...."


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...

paragraph 41 answered the question raised.

paragraph 13 gives value
 
I

Intheknow

New Member
  • May 9, 2015
  • #52
Nick said:
So what it is saying is that SISU were offering £2m for 50% which was around the actual value if the lot went for £5.5. So the "SISU wouldn't pay" and "wanted it for nothing" claims aren't true?

Not to mention the council people saying how SISU would be paying well over the odds at £5.5.
Click to expand...

I think it says that the price agreed was then reduced. Which with hindsight appears to be the beginning of the end.
 

Nick

Administrator
  • May 10, 2015
  • #53
Intheknow said:
paragraph 41 answered the question raised.

paragraph 13 gives value
Click to expand...

Interesting you gave the highest valuation, even though there is another more recent one in there for less?
 

chiefdave

Well-Known Member
  • May 10, 2015
  • #54
Intheknow said:
Paragraph 41
http://www.ccfc.co.uk/documents/2014-06-30-final-jr-judgement-pdf-16944132-1144-1707475.pdf

Reading this again I see the Ricoh was valued at £37m some years ago. But this was dependent on a team playing at the Ricoh. Perhaps the valuation in the Prospectus may not then be too far off the mark?
Click to expand...

So what you're seeking to confirm is that Wasps have well and truly ripped off the Council and Higgs Trust. Would have thought that would be the sort of thing you wouldn't want to draw attention to.
 

Nick

Administrator
  • May 10, 2015
  • #55
chiefdave said:
So what you're seeking to confirm is that Wasps have well and truly ripped off the Council and Higgs Trust. Would have thought that would be the sort of thing you wouldn't want to draw attention to.
Click to expand...

In fairness, Wasps have got themselves a bargain haven't they. I'd be gloating if I just bought a Ferrari for a 10th of the price.
 

Como

Well-Known Member
  • May 10, 2015
  • #56
Perhaps SISU could be the sponsor?
 

skybluetony176

Well-Known Member
  • May 10, 2015
  • #57
Nick said:
So what it is saying is that SISU were offering £2m for 50% which was around the actual value if the lot went for £5.5. So the "SISU wouldn't pay" and "wanted it for nothing" claims aren't true?

Not to mention the council people saying how SISU would be paying well over the odds at £5.5.
Click to expand...

I thought the £2M was a charitable donation not an offer? Wasn't that what JS's PA stated in a court of law under oath?
 
J

Jack Griffin

Guest
  • May 10, 2015
  • #58
chiefdave said:
So what you're seeking to confirm is that Wasps have well and truly ripped off the Council and Higgs Trust. Would have thought that would be the sort of thing you wouldn't want to draw attention to.
Click to expand...

If anything it confirms that SISU deliberately sought to devalue the asset expecting to purchase it on the cheap, they miscalculated and screwed the club as a result.
 

Grendel

Well-Known Member
  • May 10, 2015
  • #59
Jack Griffin said:
If anything it confirms that SISU deliberately sought to devalue the asset expecting to purchase it on the cheap, they miscalculated and screwed the club as a result.
Click to expand...

But it's fine and dandy if that was also Wasps strategy?
 

skybluetony176

Well-Known Member
  • May 10, 2015
  • #60
Grendel said:
But it's fine and dandy if that was also Wasps strategy?
Click to expand...

Wasps moved away from the Ricoh to deliberately devalue the Ricoh? I know they'd previously played a European game here and didn't return until they'd purchased the site but even with your imagination I can't see how you could stretch that to deliberately distressing ACL.
 
D

Deleted member 5849

Guest
  • May 10, 2015
  • #61
tbf it'd be crazy, absolutely crazy, to imagine a London based club attempting to buy a Coventry stadium cheap before moving away at a later date when a better offer turned up.
 

mrtrench

Well-Known Member
  • May 10, 2015
  • #62
Grendel said:
But it's fine and dandy if that was also Wasps strategy?
Click to expand...

It wasn't though, was it? They didn't play games for 4 years, feigning that they would go elsewhere. They just bought it. If you don't like that Wasps got a bargain then place the blame firmly on SISU's shoulders - their shenanigans put ACL into a corner.
 
J

Jack Griffin

Guest
  • May 10, 2015
  • #63
Grendel said:
But it's fine and dandy if that was also Wasps strategy?
Click to expand...

SISU and Wasps are both commercial concerns, one pitched a deal at a level it would be accepted, the other played hard ball too long and screwed up themselves, the club, the fans and ultimately opened the door for Wasps. #idiots
 
D

Deleted member 5849

Guest
  • May 10, 2015
  • #64
Jack Griffin said:
SISU and Wasps are both commercial concerns
Click to expand...

Frightening really, isn't it, that this is 21st century sport.
 
D

Deleted member 5849

Guest
  • May 10, 2015
  • #65
mrtrench said:
It wasn't though, was it? They didn't play games for 4 years, feigning that they would go elsewhere.
Click to expand...

Well... tbf they were all for staying in Wycombe/all for going back to London... so you could indeed argue they feigned they'd go elsewhere to where they ended up.
 

skybluetony176

Well-Known Member
  • May 10, 2015
  • #66
Jack Griffin said:
SISU and Wasps are both commercial concerns, one pitched a deal at a level it would be accepted, the other played hard ball too long and screwed up themselves, the club, the fans and ultimately opened the door for Wasps. #idiots
Click to expand...

At the end of the day when SISU exiled the club to Northampton they lost all control on what happened next at the Ricoh. If we'd never moved away I would seriously doubt that either A) Wasps came knocking in the first place, B) If they had it wouldn't have been considered or C) If it had of been considered it wouldn't have happened without CCFC being consulted first. CCFC not being there as an anchor Tennant or indeed returning on a game on game basis instantly made the Ricoh more attractive to another sports team as they could not only buy ACL at a knock down price they could also install themselves as the anchor Tennant.

This was a massive massive oversight in SISU's strategy. Moving to Northampton made ACL more sellable and and at a cheaper price. SISU overplayed their hand is an understatement.

In fact, when you factor in all the free advertising SISU gave off the availability of the Ricoh in the national press someone else was always going to come in for it.
 
Last edited: May 10, 2015

Sick Boy

Super Moderator
  • May 10, 2015
  • #67
It seems that some can't help but fawn over 'the wasps' or clutch at straws to excuse them. I see even Tony is gracing us with his wit and intellect.
 

standupforcity

Well-Known Member
  • May 10, 2015
  • #68
It's not the packaging, it's what's inside that counts....so as long as City keep TM and produce the kind of football to take us into the Championship, and do a good deal to remain at the Arena when the time comes, I really don't care what it's called, or what colour the seats are.
 

skybluetony176

Well-Known Member
  • May 10, 2015
  • #69
Sick Boy said:
It seems that some can't help but fawn over 'the wasps' or clutch at straws to excuse them. I see even Tony is gracing us with his wit and intellect.
Click to expand...

I must be bang in the button given your witty intellectual post. Congratulations on bringing SFA to the discussion.
 

chiefdave

Well-Known Member
  • May 10, 2015
  • #70
standupforcity said:
It's not the packaging, it's what's inside that counts....so as long as City keep TM and produce the kind of football to take us into the Championship, and do a good deal to remain at the Arena when the time comes, I really don't care what it's called, or what colour the seats are.
Click to expand...

I wouldn't object to a compromise to be honest but at the moment it seems Wasps, for all their talk of being understanding landlords, don't give a toss about us. It would not have been difficult to have the Wasps and CCFC logos be equal in size, to have CCFC alongside Wasps at the atrium entrance, a mix of both clubs in the tunnel etc. Even the seats there could probably be a compromise on if and when they are replaced.

The fact is Wasps have shown total disregard for CCFC and our fans. The interview in the CT shows that 'just ask and Wasps will say yes' theory holds no water. If this is what it's like after a few months what will it be like in a couple of years?
 
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