The Stadium (1 Viewer)

Cornwallskyblue · Nov 2, 2011

I'm sure this subject has been talked about before. Has anyone thought that SISU are only in this to get half the stadium because that makes money, I will bet my house on it that IF we purchase half of the stadium it will be done under a different company name not affiliated with coventry city football club. They will safe guard there investment. So if club goes bust SISU will still have the stadium.

We'll_live_and_die · Nov 2, 2011

The Stadium won't be worth an awful lot without a football team based there. Owning half as I understand, will not be terribly profitable. I'm sure OSB will have an educated opinion when he swings by.

Cornwallskyblue · Nov 2, 2011

Maybe it wont earn much without a team but they will just market it differently. They will try and get other sporting events or music events there.

gouldberg · Nov 2, 2011

Get rid of the football and the 12k crowd it brings in every other week and market it as a music arena. Rip up the grass, get all the big artists to stop off here during their tours to play in front of an alcohol guzzling 30/40k and then I'm pretty sure the numbers would speak for themselves.

We'll_live_and_die · Nov 2, 2011

gouldberg said:
Get rid of the football and the 12k crowd it brings in every other week and market it as a music arena. Rip up the grass, get all the big artists to stop off here during their tours to play in front of an alcohol guzzling 30/40k and then I'm pretty sure the numbers would speak for themselves.

No-one does stadium tours in the Winter. There is a reason for this. If they put a roof on it then maybe, but the NEC would be too much competition I feel.

TheParsonsHose · Nov 2, 2011

Cornwallskyblue said:
I'm sure this subject has been talked about before. Has anyone thought that SISU are only in this to get half the stadium because that makes money, I will bet my house on it that IF we purchase half of the stadium it will be done under a different company name not affiliated with coventry city football club. They will safe guard there investment. So if club goes bust SISU will still have the stadium.

The Higgs trust and the council should NOT sell any half of the stadium to SISU and it should be part of agreement that this stays with Coventry City FC. This has been talked about before and that was my take on this.

oldskyblue58 · Nov 2, 2011

Trouble with another company buying it is they dont have the option with the Higgs Charity to buy at £10m. The difference between that price and the market value is the worth in the deal. Buying half does not guarantee any owner of 50% of the shares any income as it stands be it CCFC, SISU, Otium or A N other ltd for all the reasons I have said before

Lets also be certain that the current owners of ACL will want to know who is behind any prospective purchaser, their plans, their worth and would put restrictions on what can be done with that 50%. Plus the council have said they are not interested in selling to any one

Covfather · Nov 2, 2011

The stadium makes it's money from the concerts & daily usage from business. Also making alot out of indian weddings...

kg82 · Nov 2, 2011

Covfather said:
Also making alot out of indian weddings...

Is that a joke? Cos I don't get it?

CCFC123 · Nov 2, 2011

Cornwallskyblue said:
I'm sure this subject has been talked about before. Has anyone thought that SISU are only in this to get half the stadium because that makes money, I will bet my house on it that IF we purchase half of the stadium it will be done under a different company name not affiliated with coventry city football club. They will safe guard there investment. So if club goes bust SISU will still have the stadium.

The city council will not sell to SISU. It's not even worth any air time and I don't understand why this came out from SISU.

It's simply that the council wont sell to SISU as they dont understand there business ethics.

Covfather · Nov 2, 2011

kg82 said:
Is that a joke? Cos I don't get it?

no mate the Ricoh is making a mint out of indian weddings at the weekends

Tonylinc · Nov 2, 2011

As CCFC123 says there is no way that the Council will even enter into talks with Sisu. They know them to be spivs and will never talk to them.

dilligaf · Nov 2, 2011

i've not been here for a while.
but as i understand, the Higgs charity can only sell to the football club their 50% stake for £10M

The council can sell their 50% stake to anybody they want to but (by law) not less than the currant market value of which i have no idea.

so if sisu want to own the stadium they would have to pay the higgs charity £10m + 50% of the currant market value of the stadium
but the council won't sell at the currant market price because it would represent a loss to the tax payers of the city

Which i'm happy about because i wouldn't trust sisu to manage a piss-up in a brewery let alone the premier venue for indian weddings

The Stadium (1 Viewer)

Cornwallskyblue

Member

We'll_live_and_die

Super Moderator

Cornwallskyblue

Member

gouldberg

New Member

We'll_live_and_die

Super Moderator

TheParsonsHose

Member

oldskyblue58

CCFC Finance Director

Covfather

Member

kg82

Well-Known Member

CCFC123

New Member

Covfather

Member

Tonylinc

Well-Known Member

dilligaf

New Member

Users who are viewing this thread

The Stadium (1 Viewer)

Member

Super Moderator

Member

New Member

Super Moderator

Member

CCFC Finance Director

Member

Well-Known Member

New Member

Member

Well-Known Member

New Member

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency