Grendel
Well-Known Member
I agree with some things. However, I don't think they do need to own the management company. Again, yes of course it helps, and the more the club owns the more revenue it will create for us. With regards to the gates, the Ricoh was built for a premiership team. Obviously that fell on its arse. So yes with regards to our league 1 level (even low end of championship) 16-18,000 would be more beneficial. IF WE OWN IT. 3 years of losses over a lifetime would be a small price to pay, however surely even you realise it is going to be more than 3 years now? Then you have to take in to account the fact you have lost fans over a 3-5 year period due to playing in Northampton, and also due to the fact that the new stadium will technically be outside of coventry. So really a stadium with 10,000 would suffice. Is that where we really want to be though?
There is no point arguing about the rent structure. We do not know the full ins and outs of the full rent structure over the years. Simply to me, ACL offered £400,000 and it was not accepted.
Paying £150,000 is obviously better than paying £400,000. However if you look at potential revenues from ticket sales at the Ricoh compared to sixfields then it is a different story. With regards to the debts incurred. Well SISU took over in 2007. So for arguments sake, lets include the rent paid for 2006/7 onwards. Excluding last year because they didn't pay. Which makes 6 years rent of £1.2 million. That makes £7.2 million. Now lost revenue will include everything else so F&B, concerts, hotel etc. No idea how I would go about working all that out but I would estimate what £10 million? Random figure I know but for argument sake that is £10 million revenue lost and £7.2 million paid in rent. £17.2 million they could have had themselves if they had owned the Ricoh. Hardly covers this £53 million or so debt JS has been talking about does it.
Truth is you are wrong. The fault lies with all parties involved. I do appreciate however that for once you have put something forward that I can actually debate against
Imagine your next door neighbour was a benign old fellow. You got to know him and befriended him. You invited him for tea now and again.
Them all of a sudden he was arrested for grotesque war crimes. What would your view be? The past is the past or would your view alter?
Ultimately we all know the answer. So your glib assertion that the last is the past is not justifiable.
The rent agreement was an abomination. It showed the council, ACL and Higgs' true hand. They wanted the club to pay and get no benefit. The minute it was signed the club were subjected to a slow lingering death.
To make matters worse they then thought they could outmanoeuvre them in the courts. Given sisu's history this was total folly. Mutton v seppella? Please. So now they are legally outmanoeuvred.
Unless the owners get the Ricoh the club will cease to exist at the end of the year. No question.