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Stadium update (3 Viewers)

  • Thread starter Tommo1993
  • Start date Aug 23, 2025
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CovInEssex

Well-Known Member
  • Aug 23, 2025
  • #701
JulianDarbyFTW said:
What we've got to remember is that the Arena has been underinvested in for a long time. Frasers have done a decent job tbf, but there's still loads to do to improve it. It'll take time - probably a few years - before it's really functioning fully.

Can't wait for the Facebook posts slagging Doug off for not fixing the wifi or replacing the Frasers Plus signs on the seats in the dugout by the end of next week.
Click to expand...

That reminds me, I blocked Justin Miller ages ago because he was so anti-doug, calling him a SISU-puppet every minute....What's he saying these days
 

Terry Gibson's perm

Well-Known Member
  • Aug 23, 2025
  • #702
COVKIDSNEVERQUIT said:
Good idea, the Street bars behind the East Stand were kept open for an hour after the game today.
Click to expand...
We left probably twenty five’s minutes after the final whistle and it was really busy, it’s been a hell of a day I never went to bed last night thinking this day would have happened.
 
Reactions: Hiraeth, Kneeza and COVKIDSNEVERQUIT
W

wingy

Well-Known Member
  • Aug 23, 2025
  • #703
Terry Gibson's perm said:
We left probably twenty five’s minutes after the final whistle and it was really busy, it’s been a hell of a day I never went to bed last night thinking this day would have happened.
Click to expand...
Good job it was a standard Saturday then or you may have missed it.
 

Terry Gibson's perm

Well-Known Member
  • Aug 23, 2025
  • #704
JulianDarbyFTW said:
What we've got to remember is that the Arena has been underinvested in for a long time. Frasers have done a decent job tbf, but there's still loads to do to improve it. It'll take time - probably a few years - before it's really functioning fully.

Can't wait for the Facebook posts slagging Doug off for not fixing the wifi or replacing the Frasers Plus signs on the seats in the dugout by the end of next week.
Click to expand...
Nothing is a rush, the Fraser signs don’t need moving until something better comes along (it could be part of the deal they have to stay for a while). Wasps spoke about replacing seats etc and look where that got them.
 

bigfatronssba

Well-Known Member
  • Aug 23, 2025
  • #705
COVKIDSNEVERQUIT said:
Doug King has confirmed in his interview after the game he has bought lock stock and barrel.
Click to expand...

And that its a 250 year lease.

None of us will ever see a CCFC home game outside the city again
 
Reactions: Marty, rexo87, Hiraeth and 10 others

bigfatronssba

Well-Known Member
  • Aug 23, 2025
  • #706
Terry Gibson's perm said:
Nothing is a rush, the Fraser signs don’t need moving until something better comes along (it could be part of the deal they have to stay for a while). Wasps spoke about replacing seats etc and look where that got them.
Click to expand...

Its like when you move into a great house with decor that isn't to your liking.

You know its now yours, for as long as you want it. No one can take it away from you. So there is no need to rush with changing it
 
Reactions: Sky_Blue_Dreamer, StrettoBoy, Kneeza and 3 others
S

SBbucks

Well-Known Member
  • Aug 23, 2025
  • #707
AFCCOVENTRY said:
So I think we’ve paid £30m for the stadium.

Mike paid £17m and Doug offered £25m back then. Money has been spent of the complex by Frasers. So Frasers doubled this investment approx…
Click to expand...

During a CBSA tour earlier this month, the Arena head of operations (working for Frasers) said that Frasers had invested £13m in infrastructure in the first year after purchase so Frasers considered it a £30m investment (including the £17m purchase price). I suspect we’ve paid upwards of that as I’m sure they won’t be selling it at a loss.
 

bigfatronssba

Well-Known Member
  • Aug 23, 2025
  • #708
Can we now petition Doug to offer out regular stadium tours?

I'd love to have a look behind the scenes and would raise a bit of cash for the club
 
Reactions: StrettoBoy, Noble, Sick Boy and 5 others
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Silsden

Well-Known Member
  • Aug 24, 2025
  • #709
Incredible day and emotional for us all after the sh*te we’ve gone through. The noises earlier in the summer were ominous that we may end up without a deal to even play here. What a transformation the club has gone through in Doug’s tenure, and now we have instantly become a more investable prospect.

I think this is the route the club goes down, with Doug still as majority shareholder but with more outside investment to share the liabilities and help push us on. Whatever happens though, the club is a package deal with the stadium for once and it’s an incredible time to be a Sky Blue

we still need a CB though
 
Reactions: LastChance, StrettoBoy, BerksSB and 2 others
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SkyBlueMatt

Well-Known Member
  • Aug 24, 2025
  • #710
This has been an incredible day, a truly special moment. It is absolutely ridiculous that we have won 7-1 after the news this morning.

Doug has done something magical. I just want us to be us. Doug has given us our club back but it wouldn't have happened without our incredible fans.

I've run out of superlatives to express how I feel about today.

All that's left to say is thank you, you silver haired sexy bastard. Just please don't sell us to some soulless yank or saudi when the time comes.

Sent from my M2101K6G using Tapatalk
 
Reactions: Sky_Blue_Dreamer, ccfcchris, wingy and 10 others

Earlsdon_Skyblue1

Well-Known Member
  • Aug 24, 2025
  • #711
I think we will be back in the Premier League in the next season, two at a push. Everything is aligning, and we are currently slaying teams.

If Doug wants to sell after that, I won't blame him at all. He deserves it, and he's left us in a much better position.
 
Reactions: RegTheDonk, ajsccfc, StrettoBoy and 2 others

robbiekeane

Well-Known Member
  • Aug 24, 2025
  • #712
shmmeee said:
Unless it’s to sell the club I don’t see the point here. Costs loads to maintain and makes no money, that’s why it’s been a hot potato from day one.
Click to expand...
you’re actually such a fucking twat aren’t you
 
Reactions: ccfcchris, covcity4life, RegTheDonk and 4 others

robbiekeane

Well-Known Member
  • Aug 24, 2025
  • #713
Earlsdon_Skyblue1 said:
I think we will be back in the Premier League in the next season, two at a push. Everything is aligning, and we are currently slaying teams.

If Doug wants to sell after that, I won't blame him at all. He deserves it, and he's left us in a much better position.
Click to expand...
what a fucking time to be a city fan honestly.

i’ve been on the piss cor the last 24 hours for unrelated celebrations but my word what a time to be alive
 
Reactions: RegTheDonk, Earlsdon_Skyblue1, Skyblue Bangkok and 1 other person
S

SkyB

Well-Known Member
  • Aug 24, 2025
  • #714
SBbucks said:
During a CBSA tour earlier this month, the Arena head of operations (working for Frasers) said that Frasers had invested £13m in infrastructure in the first year after purchase so Frasers considered it a £30m investment (including the £17m purchase price). I suspect we’ve paid upwards of that as I’m sure they won’t be selling it at a loss.
Click to expand...

I think Ashley saw the writing on the wall with it. No big stadium gigs this summer and with Villa and Blues branching there stadiums into the concert market, with much better transport links and more central, it reverts to being a football satdium rather than a venue.
 
Reactions: djr8369 and pusbccfc

Saddlebrains

Well-Known Member
  • Aug 24, 2025
  • #715
Ive got the WiFi password

Happy to share it with people for £5 a pop
 
Reactions: RegTheDonk, ajsccfc, chiefdave and 2 others

skybluetony176

Well-Known Member
  • Aug 24, 2025
  • #716
Woke up this morning and the first thing I did was check the news reels to make sure yesterday wasn’t a dream. Grinning like a Cheshire Cat again.
 

lord_garrincha

Well-Known Member
  • Aug 24, 2025
  • #717
Saddlebrains said:
Ive got the WiFi password

Happy to share it with people for £5 a pop
Click to expand...
L005e_L1pped_k1tM4n
 
Reactions: Trueskyblue20, Sky_Blue_Dreamer, ccfcchris and 8 others
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skyblu3sk

Well-Known Member
  • Aug 24, 2025
  • #718
shmmeee said:
Unless it’s to sell the club I don’t see the point here. Costs loads to maintain and makes no money, that’s why it’s been a hot potato from day one.
Click to expand...

23 was for 6 months but my read is heading in the right direction, losses halved admin costs roughly flat. What I can't spot is where they are putting in investment in to the arena as they don't seem to split capex out so I wonder if that is being included in administrative expenses which I think would be surprising. Accounts here
 
Reactions: shmmeee

Nick

Administrator
  • Aug 24, 2025
  • #719
AFCCOVENTRY said:
So I think we’ve paid £30m for the stadium.

Mike paid £17m and Doug offered £25m back then. Money has been spent of the complex by Frasers. So Frasers doubled this investment approx…
Click to expand...
Where's that from
 
G

GC1976

Well-Known Member
  • Aug 24, 2025
  • #720
Wonder what the EFL will think of a Club running a casino at their HOME ground ? Will they allow it given the allergies to gambling in sport these days.
 
Reactions: CovInEssex and Brighton Sky Blue

Balli001

Well-Known Member
  • Aug 24, 2025
  • #721
Nick said:
Where's that from
Click to expand...
King said they paid 17 mil and it's safe to assume they have invested a fair amount. Kings interview also suggested we had paid a high figure
 

Nick

Administrator
  • Aug 24, 2025
  • #722
Balli001 said:
King said they paid 17 mil and it's safe to assume they have invested a fair amount. Kings interview also suggested we had paid a high figure
Click to expand...
Which interview?
 

Sky Blue Goblin

Well-Known Member
  • Aug 24, 2025
  • #723
Nick said:
Which interview?
Click to expand...
He did a press conference post game, it’s on the CCFC youtube
 

Ccfc1979

Well-Known Member
  • Aug 24, 2025
  • #724
GC1976 said:
Wonder what the EFL will think of a Club running a casino at their HOME ground ? Will they allow it given the allergies to gambling in sport these days.
Click to expand...
Didn’t Doug himself get rid of Boyle Sport and betting outlets at the ground as he is anti-gambling?
 
Reactions: HadjiChippo, Sky Blue Pete, Kneeza and 2 others

Captain Dart

Well-Known Member
  • Aug 24, 2025
  • #725
bigfatronssba said:
Always remember my parents using the outdated name of "The Economic" to refer to the Cov Building Society.

Not sure it should be revived. The "EBS" sounds like a bowel related medical condition. I don't want our ground to be linked to that.
Click to expand...
The name was changed when they acquired the Coventry Provident Building Society in the 1980's.
 
Reactions: Kneeza

Tommo1993

Well-Known Member
  • Aug 24, 2025
  • #726
Found it a nice touch that they’ve repainted the floors in the toilet. Almost covered the smell of booze and fags.
 

shmmeee

Well-Known Member
  • Aug 24, 2025
  • #727
Nick said:
Which interview?
Click to expand...

Yeah I missed this too cos the YouTube vid looks like the promo from the game. He says we paid a lot more than £17m
 

shmmeee

Well-Known Member
  • Aug 24, 2025
  • #728
robbiekeane said:
you’re actually such a fucking twat aren’t you
Click to expand...

You’re nice. Use your big boy words yeah?
 

Kneeza

Well-Known Member
  • Aug 24, 2025
  • #729
Captain Dart said:
The name was changed when they acquired the Coventry Provident Building Society in the 1980's.
Click to expand...
Yep. I seem to recall there was a branch of each at the very end (T junction) of Bell Green Road?
My memory plays tricks these days though.
 

Grendel

Well-Known Member
  • Aug 24, 2025
  • #730
shmmeee said:
We’re still tenants? We have a 96 year lease or whatever.
Click to expand...

Its 250 years which is essentially freehold
 
Reactions: HadjiChippo, fernandopartridge, RegTheDonk and 3 others

Sky Blue Wozza

Well-Known Member
  • Aug 24, 2025
  • #731
Sky_Blue_Daz said:
Just out of interest whats the anecdote like on a non match day?
Click to expand...
Not sure myself, but a friend of a friend reports that it’s quiet most of the time…but still a buzz around the place. Service good, food quality variable.

Purely anecdotal, though.
 
Reactions: Mercian In Anglia and Captain Dart

CovInEssex

Well-Known Member
  • Aug 24, 2025
  • #732
skyblu3sk said:
View attachment 45447
23 was for 6 months but my read is heading in the right direction, losses halved admin costs roughly flat. What I can't spot is where they are putting in investment in to the arena as they don't seem to split capex out so I wonder if that is being included in administrative expenses which I think would be surprising. Accounts here
Click to expand...

Large chunks of the administrative spending will be maintenance. Things you only do every 5/10 years that Wasps never did. The Turnover increase coupled with the Gross Margin increase are very impressive.
 

Captain Dart

Well-Known Member
  • Aug 24, 2025
  • #733
shmmeee said:
We’re still tenants? We have a 96 year lease or whatever.
Click to expand...
There are 230 years left on the lease, to put it in perspective this was the King 230 years ago.
 
Reactions: CovRes, eastcj04, Sky Blue Pete and 2 others

Captain Dart

Well-Known Member
  • Aug 24, 2025
  • #734
Balli001 said:
King said they paid 17 mil and it's safe to assume they have invested a fair amount. Kings interview also suggested we had paid a high figure
Click to expand...
Doug said in his press conference was that initially he was prepared to offer £25m and he had probably paid too much for the stadium.
Frasers paid £17m and have put money in since. I figure the price was north of £25m but sufficient to pay back Frasers capital investments plus interest. Anyway it's not my money.
 
Reactions: djr8369

Bad Boy

Well-Known Member
  • Aug 24, 2025
  • #735
bigfatronssba said:
Can we now petition Doug to offer out regular stadium tours?

I'd love to have a look behind the scenes and would raise a bit of cash for the club
Click to expand...
And move the away fans over to the corner of the North & East stand (soon to be renamed The George & John stand) so they get the bloody sun in their eyes 🫩.
Seriously, there's much to improve at the arena and I'm certain it will be acted upon.
 
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