City fans ain't the only people to use the Ricoh...
Gyms / restaurants / conferences / gambling etc... Anybody know how many jobs have been created by the complex?
No but without the football ground it would not be there
You have to remember that Mutton hasn't got his position due to any business acumen. He's an elected representative, anybody could do that job.
Like to see you try
Might be wrong but get a feeling from reading threads over the last few weeks that the council and particularly John Mutton are not very popular with quite a large majority? and wondered why is this so?From my perspective the council has gone along with everyone's wishes so far including taking the risk of actually putting half the money up to build the stadium and saving the day some years ago, they also recently rescued ACL as if ACL had gone bust would have made the likes of SISU stronger, and this loan was given under tremendous pressure from the rest of the Coventry taxpayers. The city fans only currently number around 3% of the actual taxpayers so it does take some balls to plough another £14 million into what some non city fan taxpayers might feel is a complete waste of taxpayers money. John mutton who seems to lead the council on this subject like him or hate him is a city fan and i believe when the time is right which is hopefully Haskell era the council will sell all of its shares as i do not believe haskall will be interested in a purchase if this is not the case.
I'm pretty sure the club shouldn't be able to sell/mortgage the Arena. Doing such would be a sign of financial mismanagement...
[/QUOTE]Yes, but that is what politicians do, but that shouldn't mask the important issue and that is what would our present owners do if they owned or even part owned the Ricoh[Excellent comments but domt you think Cllr Mutton is personalising the whole issue too much?
QUOTE=rupert_bear;421979]In time when the full story and facts come out, people, fans will be very grateful to the council, both political groups, and to John Mutton in particular who has driven this initiative. Money given to ACL is to be repaid at an interest rate so long term that will make ccc money. Had the Ricoh gone into the hands of our present owners we, thats the football club, wouldn.t get a cent out of it, our owners would and i suspect the Ricoh would of been sold on to a third party equally with no interest in our football club. This stance by ccc hopefully gaurantees some time in the near future the football club will buy back the 50% Higgs share and maybe the other half too.
There are just people on here who refuse to see this, why ? God knows.
People of Coventry may well be pissed off as Vick from Alicante says with Mutton and the council over the running of the city, that is seperate from the football club/sisu/ Ricoh issues and the time and place to sought that out is in May at the ballot box
A mortgage is a loan secured in the property.
ACL have a loan of some £15m that you can classify as a mortgage.
Have ACL by taking the loan shown sign of financial mismanagement?
That loan was a fraction of the value of the project & taken out to get the thing built.
I was talking about a stupid move like selling the ground to cover a gap in funds while 'taking a punt' and then renting it back.
Or do you think what happened to Highfield Road is something that shouldn't be guarded against.
I remember when the Ricoh first opened the battle that the football club had with the council to erect the CCFC Crest, if they'd had their way all we would have got was a very small crest over each turnstile.. ...that about says it all as to how they felt about the club way back then..
It's idiots on the council who talk of the club not having ownership of the stadium.
Any fool can see that without the ground the club is just going to die a slow, lingering death.
The stadium has to be in the hands of the right people though. They are doing the right thing in not handing it over to the current incumbents.
got any articles etc related to that I could look at skybluegnome ? Did a quick search didnt turn anything up, would like to see what happened . Cheers
It's true though. Anyone can walk in off the street and become a Councillor. You don't need any business acumen or any particular skill apart from being persuasive and being able to talk the talk.
got any articles etc related to that I could look at skybluegnome ? Did a quick search didnt turn anything up, would like to see what happened . Cheers
Oh I think they'd have handed it over years ago if the price was right.
There was talk that the council had objected to a crest being put up but I don't think is was about the crest, I think that got mixed up with the council road signs for the Ricoh not being a football as the council said it was more than a football stadium.
Paul Fletcher had the crests put up anyway without planning permission and the council said they didn't have a problem with the crests and left them up rather than make the club take them down.
And Ginetta would have put a cherry on top.
The commitment by john mutton into his city is huge and has been for many years. I recognise anyone can stand, not everyone can have done what he has for his city
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