£1.2m a year is a reasonable rent for them to recover their unforseen outlay.
After all, being a CCFC supporter apparently requires one to support the club in all circumstances, even when it behaves totally immorally.
Mary_Mungo I don't disagree with the costs or how you displayed it for me. My point is whether the figures you have demonstrated are right or wrong they are not sustainable for Coventry City Football Club..
Okay - so you now can see that the figure ACL levy bears a relationship for the cost of the build. That's my reference to fairness.
The next point is why do you think someone should build something for a private company, or a profit-making private hedge fund, and then operate it at a loss to the benefit of the tenant?
But it's not at a loss at all?
So, you can see that it would cost £1.0 to 1.3m a year to have a stadium £30m built with a 50-year mortgage; yet you think ACL or anyone for that matter should do it and then rent it back to the tenant for a quarter of that value? Which is what SISU are asking for. And you don't think the difference between those figures constitutes a 'loss'?!?
Now, ACL don't have a £30m mortgage, that was by means of an example to show you the 'real would' costs of building a stadium. They have a £21m mortgage. This after they stepped in when the football club faltered last time. Notwithstanding that, the principle remains the same - just redo the maths
So, you can see that it would cost £1.0 to 1.3m a year to have a stadium £30m built with a 50-year mortgage; yet you think ACL or anyone for that matter should do it and then rent it back to the tenant for a quarter of that value? Which is what SISU are asking for. And you don't think the difference between those figures constitutes a 'loss'?!?
Now, ACL don't have a £30m mortgage, that was by means of an example to show you the 'real would' costs of building a stadium. They have a £21m mortgage. This after. w they stepped in when the football club faltered last time. Notwithstanding that, the principle remains the same - just redo the maths
Have I said not previously that this maybe achieved over a longer period of time? It needs to sustainable for both parties and right now it isn't end of.
Oh hold on. I thought that the Ricoh is a goldmine. If Coventry City was not there ACL could make vast profits. They could have concerts every night and rival the NEC as a venue.
Is that now not the case? Are we just paying their mortgage while they then make profits on other ventures? Not a fair arrangement is it? Are you another Sky Blues Trust member by any chance? Chief Communication Office?/QUOTE]
If you're going to try facetious fare, at least read what's gone before; lest you run the risk of looking ill-informed and crass. Instead of rising to the bait, just point me to anywhere where I, or anyone has ever claimed the Ricoh is a goldmine. I guess - rather like when you acclaimed Fisher and Waggot's time at Charlton was a 'great success', and I challenged you to prove it - you'll go all quiet again.
I have, however, proven that to build a stadium like one we're using would cost a value well in excess of the value SISU are saying they're prepared to pay. So, mhy don't you tell me how the arrangement should work?
Moreover, why don't you just tell me, and all the class, how SISU will make a success of CCFC even if the rent was free? 'Cus we'd still be losing money hand over fist
Oh hold on. I thought that the Ricoh is a goldmine. If Coventry City was not there ACL could make vast profits. They could have concerts every night and rival the NEC as a venue.
Is that now not the case? Are we just paying their mortgage while they then make profits on other ventures? Not a fair arrangement is it? Are you another Sky Blues Trust member by any chance? Chief Communication Office?/QUOTE]
If you're going to try facetious fare, at least read what's gone before; lest you run the risk of looking ill-informed and crass. Instead of rising to the bait, just point me to anywhere where I, or anyone has ever claimed the Ricoh is a goldmine. I guess - rather like when you acclaimed Fisher and Waggot's time at Charlton was a 'great success', and I challenged you to prove it - you'll go all quiet again.
I have, however, proven that to build a stadium like one we're using would cost a value well in excess of the value SISU are saying they're prepared to pay. So, mhy don't you tell me how the arrangement should work?
Moreover, why don't you just tell me, and all the class, how SISU will make a success of CCFC even if the rent was free? 'Cus we'd still be losing money hand over fist
I owe you an apology.
Your role in the Sky Blue Trust is clearly Minister for Propaganda.
Doncaters Rent is "coventry City Genral Chat", yet, if they sign a former CCFc player to strengthen their position in our league, it isnt !
Doncaters Rent is "coventry City Genral Chat", yet, if they sign a former CCFc player to strengthen their position in our league, it isnt !
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