The Squad, or the Arena? (1 Viewer)

The CableGuy · Mar 28, 2011

Assuming that some crazy bloke gave CCFC £15 million, and buying back our share of the Arena cost £15 million, what would you prefer the money to be spent on?

Nick · Mar 28, 2011

Heart says squad but head says arena!

SuperFred · Mar 28, 2011

to help us in the long term, it has to be the arena

The CableGuy · Mar 28, 2011

Nick said:
Heart says squad but head says arena!

Same here. I'm hoping (praying?) that the CT's mega-story is that were buying back our share of the Arena. Anything less then that and I'll be disappointed in the CT, and probably CCFC as well.

CovLis86 · Mar 28, 2011

Its difficult...aslong as i thought we could stay up for next couple of years, then Arena. But if we dont, well it would have to be squad because if we go down, im not sure we will ever recover.

The CableGuy · Mar 28, 2011

CovLis86 said:
Its difficult...aslong as i thought we could stay up for next couple of years, then Arena. But if we dont, well it would have to be squad because if we go down, im not sure we will ever recover.

What, you think I'm gonna make my 1st SBT poll easy?

I'd still try to buy back our Arena-share, even if we did go down. I think a Championship club gets around £4 million per season for TV money. A League 1 club only gets £100,000 (they're not too happy about this and frankly, I can't blame them!).

Making additional income from the Arena would go a long way from covering that potential loss, if the Sky Blue Relegation Apocalypse did indeed happen.

Pigeon · Mar 28, 2011

I think it has to be the arena, we'll make profit off the Ricoh to build up the squad.

Sir Digby Chicken Caesar · Mar 28, 2011

Buy back our share in The Ricoh. Then build on that. Hopefully avoiding the drop en route.

SkyBlueKay · Mar 28, 2011

I've had to say the arena. It makes more sense! Get the revenue off various things if it was ours, and that in turn could go on players!

craigus12 · Mar 28, 2011

arena because most players seem to under perform when they put on a sky blue shirt

rob9872 · Mar 28, 2011

Arena costs us £1m per season. since it will be £20m to buy the arena I would say take up the 50% offer for 10m and invest £5m in the squad (and none of that on sill wages with long contracts). Should be plenty for a decent manager to have a tilt at getting us up when we can then afford to buy the other 50%.

Paxman II · Mar 28, 2011

These figures you are all bounding around...are you sure?

ACL and the Higgs trust is not the ownership of the arena.

Maybe Wednesday is about a new manager who well....we would never have thought would come here....urmmm who could that be?

The CableGuy · Mar 28, 2011

Lets pay off the last 2 managers first before getting a new sucke-I mean, a new manager in.

stupot07 · Mar 28, 2011

Its a chicken and egg scenario......i'd go for the arena get some income in then the squad will follow

skyblu3sk · Mar 28, 2011

Stuck thread for a while to get the consensus. it's arena for me. will make us a more viable option for a buyer

Tonylinc · Mar 28, 2011

It has to be the Arena for me as well. It might just then feel a little more like "home". As it is it just feels like the Memorial park with seats. Mind you, if we were to get relegated I cannot see us ever getting back.

hackneyfox · Mar 28, 2011

20m to buy the whole stadium?

Really, I thought it cost in excess of 30m to build?

Tonylinc · Mar 28, 2011

hackneyfox said:
20m to buy the whole stadium?

Really, I thought it cost in excess of 30m to build?

Good evening Hackers; have you not heard about the fall in property prices?

Nick · Mar 28, 2011

According to Wiki, it cost £113 million to build....

rob9872 · Mar 28, 2011

There is an agreement to buy 50% for £10m until 2015 (the ten year anniversary) after that it's open season. Buying it before then is worthwhile as the new 10 year naming rights will be worth having as you can recoup a % immediately.

Hackers, it cost £113m to build mate, but a lot of that was on cleaning up the site first and the value of the ground it stands on, parking and the whole complex who are also tennants (hotel, casino, arena etc). I guess the actual stadium build costs c(pointless without City playing in it) remain a closely guarded secret like all things CCFC.

rob9872 · Mar 28, 2011

Ah as Nick said beat me to it as I was typing

Tonylinc · Mar 28, 2011

Nick said:
According to Wiki, it cost £113 million to build....

Think that figure was taken when Mr. R wanted the retractible roof and all that rubbish.

Nick · Mar 28, 2011

A figure of around 30 - 40 million rings a bell I think...

rob9872 · Mar 28, 2011

No Tony those are the costs but as I said includes other aspects. The retractable roof, retractable pitch and 45,000 seat plan was when it was all part of Arena 2000 or something

Nick · Mar 28, 2011

Was that when it was planned to have a huge Jaguar overlooking too? Until they pulled out!

rob9872 · Mar 28, 2011

I think Jaguar only pulled out of the naming rights as the 'Jaguar Arena' and after build completion not as part iof the build

hackneyfox · Mar 28, 2011

Whether it was 30-40m or 113m, who coughed up the money for that and why would they let 50% go for 10m?

les_miserables · Mar 28, 2011

This debate has gone on years back in the Derrick Robins era. Arguments galore at boardroom level and money was spent on the ground, we built 3 stands in 4 years. I have yet to see a grandstand score a goal. Get the team right, then the ground.

Tonylinc · Mar 28, 2011

Whatever the cost of the original build I seem to recall that the agreement for sale to higgs incorporated a buy back agreement at a fixed amount. I beleive that the fixed amount was in the region of £10mill. provided it was exercised within a certain period.

Nick · Mar 28, 2011

les_miserables said:
This debate has gone on years back in the Derrick Robins era. Arguments galore at boardroom level and money was spent on the ground, we built 3 stands in 4 years. I have yet to see a grandstand score a goal. Get the team right, then the ground.

Thing is though, ploughing the money into the squad is a huge gamble and then if you don't get promote you could end up even more in the brown stuff..

rob9872 · Mar 28, 2011

hackneyfox said:
Whether it was 30-40m or 113m, who coughed up the money for that and why would they let 50% go for 10m?

If you live in Cov, then you helped pay for it Hackers - thanks

There was a combination of govt funding, lottery commission, City council, Higgs Trust and World cup 2006 bid. I hope that's clear! Who paid what share I have no idea, but it was part of a condition of the sale of ground that we had with the rebuy options at Highfield Road.

Covstu · Mar 29, 2011

Has to be the arena as its a long term view, if we invested in the squad we would end up selling that money would get lose in the ether and back to square one. We need assets at the club!

SkybluePelsall · Mar 29, 2011

Arena, at least if knowing we benefitted from turnover that might get a few more up there.

SkyBluesAndy · Mar 30, 2011

Arena as its better long term. If the money was spent on the squad you would have to trust whoever was in charge at the time spending it wisely - just look at all the money Mboro wasted on Strachan! Money from the Ricoh would come in for years to come.

blueflint · Mar 30, 2011

arena let5s look long termimp:

The Squad, or the Arena? (1 Viewer)

Spend £15 million on what?

The Arena! Crack open those income streams

The Squad! 1 win in 18 says it all!

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