Stadium update (26 Viewers)

[HuckerbyDublinWhelan]

Anyone else feel Doug is priming to sell us? All of a sudden we’re an attractive proposition for investors.

 

---

[Sky Blue Goblin]

Telegraph reporting it includes all of it. Mentioning the money we’ll make on the hotel

 

[MacReady]

Now we can shut the doors on the council.

 

[Trueskyblue20]

I for one can't wait to hear @GIMOC reaction

“Yeah it’s great he bought the stadium and all that but there’s massive rift behind the scenes. Doug has been shagging the players wives and Haji is homesick and wants to move to Skegness “

 

[You'll Never Beat McPake]

This is bit of a "Dallas, Bobby in the shower moment". Did the last 20 years really happen. Did we almost go out of existence only to be saved by SISU. Did we really end up playing home games at Northampton, Birmingham and Burton. Did we endure all of this with no real hope of an end to the pain and distress of being homeless.
So today, 20 years on we play QPR again so I predict a 3 - nil win with a diving header to start things off.
Thank you Doug King and your team. Thank you for saving our club, thank you for bringing back the hope. This is a massive day in the history of the City of Coventy and CCFC.

 

[Ccfcisparks]

Anyone else feel Doug is priming to sell us? All of a sudden we’re an attractive proposition for investors.

Yep smells what its like to me. He's more than entitled to now, fair play to him.

 

[Kubrick]

 

[stay_up_skyblues]

Only drawback is Ashley insisted Doug purchased it through Frasers Plus. 29.9% apr but we do have 36 months to pay.

 

[covcity4life]

Wow I'm genuinely in shock. Still part of me things some sort of practical joke

This is just huge. It doesn't mean we will become a champions league club or anything but it feels like a massive weight holding us down has been taken away

The sky is the actual limit now for us sky blues! Let's go smash QPR

Thank you to

Mark robins and Doug king in particular. Although don't wanna make it about sisu you do wonder if this could ever shave happened without them making councils life hard too.

Everything happens for a reason I guess

PUSB!

 

[Martw]

This will presumably have cost several tens and tens of millions of pounds. I wonder how it has been financed? Also he might want to open up bidding for a new main sponsor as well when it’s next due for renewal I reckon but it is simply amazing news

 

[ccfc1234]

Amazing news. I wonder if Doug has given Mike Ashley or Frazers some equity in the club to help facilitate the deal? Being pragmatic having the assets combined makes us a far more saleable entity in the long run and all parties will know that.

Either way excellent for the club and fans.

 

[Evo1883]

Ashley fair play has just flipped the stadium i imagine for a tidy profit and we finally get our football club back .

It closes the door on whats been a miserable period at ownership / board level .

Doug King , the supporters Knight in shining armour all along

 

[Dhinsa's_Millions]

 

[SeaSeeEffCee]

Finally earned the song I think

I think it’s good be skeptical of new owners coming in and don’t really regret it in regards to King but he’s certainly earned the trust now. What a day for the club and for our future 🩵

 

[oneofourown]

I think it was a scenerio that Ashley and fraser can't do anything with the stadium without owning the club and after Newcastle possibly doesn't have the ambition for another club ownership. Likewise, if Doug wants to grow the club and then at some point sell it he has to own the ground too. They must have worked on a business plan where both will make some dosh when we reach the promised land and if/when we sell.

 

[RoysterE17]

We finally have a home that is ours!!!

 

[Sbarcher]

WOW just WOW!!!!!!

 

[Woodster]

Good job they sacked the kitman, if this had gotten leaked then Sheffield United or Ipswich might’ve beat us to it.

 

[tisza]

This will presumably have cost several tens and tens of millions of pounds. I wonder how it has been financed? Also he might want to open up bidding for a new main sponsor as well when it’s next due for renewal I reckon but it is simply amazing news

Doubt it's that bad. King did offer 25 million before it was flogged to Ashley for 17m. Plus it has been running at a loss under Fraser.

 

[Ccfcisparks]

"Wise men say, Only fool love Bling
But I can't help, falling in love with you"

Get that on repeat this afternoon.

 

[ptr]

I think it was a scenerio that Ashley and fraser can't do anything with the stadium without owning the club and after Newcastle possibly doesn't have the ambition for another club ownership. Likewise, if Doug wants to grow the club and then at some point sell it he has to own the ground too. They must have worked on a business plan where both will make some dosh when we reach the promised land and if/when we sell.

Or more than likely that Ashley has done exactly what he wanted. Held on to the stadium until we had the funds and made a decent profit with a quick turnaround. He isn’t stupid.

 

[Deity]

I for one can't wait to hear @GIMOC reaction

You and @shmmeee are Kings biggest critics with @Saddlebrains not far behind ….

 

[shmmeee]

Now we can shut the doors on the council.

They haven’t moved out of Coventry.

 

[Evo1883]

"Wise men say, Only fool love Bling
But I can't help, falling in love with you"

Get that on repeat this afternoon.

We cant give sunderland more ammunition

 

[hill83]

Can’t believe it.

 

[Ccfcisparks]

You and @shmmeee are Kings biggest critics with @Saddlebrains not far behind ….

Utter nonsense.

 

[biggymania]

I’d expect this cost somewhere around 25-30mil but total guess.

Frasers bought it for 18mil including transaction costs.

I guess we’ll find out when the respective accounts are published.

 

[jto123]

Honestly bouncing at this news! Almost in tears!

 

[Bassette Deck]

They haven’t moved out of Coventry.

We're gonna be like London now, you've got Coventry and then the City of Coventry out in CV6.

 

[Liquid Gold]

Incredible news

although no doubt the bedwetters will find fault …

Some of the best news in the club’s history. Perfect time for forum point scoring.

Melt.

 

[shmmeee]

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.

 

[Grendel]

They haven’t moved out of Coventry.

You sound ecstatic as ever

 

[covcity4life]

If king doesn't take us up some foreign investor might now. For once @hill83 can actually do his CL in 3 years prediction!

 

[SwanLane]

Still pinching myself

 

[hill83]

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.

Have a day off