Thats for the club to decide if they need to make cuts to pay the rent nothing to do with the trust.
The deal that is on the table is one that as a Trust we feel is fair to all parties.
I think you live in some dream world where all negotiations are carried out with tea and sandwiches.
Wrong. I make my living negotiating deals of a value on a par with these on the table here, often values well in excess. As such, I can tell you that to complete due diligence, and then renege on a lawful contract because circumstances change and the business plan isn't sufficiently robust to support such a change is amateurish. At best. At the time SISU bought the club, we were closer to the relegation zone than automatic promotion: and therefore not to factor this in is frankly incredible beyond words.
Mine isn't a fantasy world of negotiation; in this instance, if anything, SISU's is. Reason being that any other private landlord, without care for recourse, would have cleaned them out months ago.
You won't get the club properly involved in the community until the fans have real influence, and that means owning a chunk of the club, and a seat on the board.
Agreed, and as someone else who's been involved in negotiations, I know that you don't get an agreement unless both parties are prepared to compromise. So far, the club haven't moved from their position of £175,000 a year, supposedly based on the average Div.1 rent. I notice no-one at the club has ever given any evidence for this, just bald statements.Wrong. I make my living negotiating deals of a value on a par with these on the table here, often values well in excess. As such, I can tell you that to complete due diligence, and then renege on a lawful contract because circumstances change and the business plan isn't sufficiently robust to support such a change is amateurish. At best. At the time SISU bought the club, we were closer to the relegation zone than automatic promotion: and therefore not to factor this in is frankly incredible beyond words.
Mine isn't a fantasy world of negotiation; in this instance, if anything, SISU's is. Reason being that any other private landlord, without care for recourse, would have cleaned them out months ago.
Hostage? Cue back page of CT with Fisher holding gun to fans rep head muttering give me the Ricoh for nothing or the fan gets it....not my fault, they pushed me to it......yes the voices, the voices......Joy get out of my head.....I'm doing it for you Joy........
If you're doing negotiations for a living, then surely you know that past reality is far from the same as present reality. Business plans fails all the time - more so in the wake of the financial crisis and the credit crunch.
So you can't really use the past to anything more than playing the blame game. And that brings absolutely nobody anywhere.
At this point in time it seems the club is skinned and can't afford the rent. So it is either stay at a reduced rent or leave.
If you put yourself in chairmans seat in ccfc boardroom ... what would you do?
(You have already presented a budget that was turned down by the owners as they are not going to put in more money - the club will have to be self sufficient).
That stated, we are where we are, and everyone needs to save a little face, so if I were Fisher, given the £400K has allegedly already been knocked-back, I'd run with a counter offer of £300K and an additional £150K in the event of promotion. As such, public opinion would then fall upon ACL to accept as they could be seen to actually fare better than their last offer.
Thereafter, with the traction of an agreement, I'd want to renegotiate the terms along the lines of that I describe above.
The above paragraphs deserved 'a like', but as the rest of your post (the majority) was pointing to the past and statement of you would have done 5 years ago rounded off with a statement of what you wouldn't have done 1 month ago ... I cannot really give you a point.
Anyway - what about the £1m+ outstanding rent? As you have come to the conclusion you will look for a rent at about £300k p/y, what would your negotiation stance be to the arrears?
Initial thoughts? Negotiate a lower value in light of the new rental settlement and then agree a repayment dependant upon division and therefore income again. But include a date by which arrears need to be cleared - say 10 years
I would have wanted to income-gear the rental agreement, with a deal of say £1.2m for when in the premier league, £500K for when in the championship, and £300K for when in this league.
Ok - a lower value.
That is pretty vague and I would expect you came to the table with a figure.
If you were chaiman of ccfc - what would that figure be?
If I were chairman I'd have a lot more facts before me, so this is conjecture. I also wouldn't be in this position as I elude above. However, if you're still asking me to be empathetic to Fisher's current position, I'd offer half of that owed, clearing funds from the beginning of next season; with £50K per season in L1, £75K in the championship and £200K if in the premiership. The debt could then be cleared within 4 seasons. Again, the better performance of the club being reflected in a better position for ACL.
From ACL's side, I'd want the club to commit to putting a percentage of player sale profits - say 10% of net profit - into clearing this backlog. To guard against SISU, or any owners, selling players at great profit whilst aged liabilities were still kicking around
As Fisher so unprofessionally revealed that loan costs ACL £1.6m a year so the clubs original rent doesn't even cover that cost. During the original negotiations over the rent ACL actually offered McGinnity a deal based on attendances but his response was no (it was actually a lot blunter and ruder).
If I were chairman I'd have a lot more facts before me, so this is conjecture. I also wouldn't be in this position as I elude above. However, if you're still asking me to be empathetic to Fisher's current position, I'd offer half of that owed, clearing funds from the beginning of next season; with £50K per season in L1, £75K in the championship and £200K if in the premiership. The debt could then be cleared within 4 seasons. Again, the better performance of the club being reflected in a better position for ACL.
From ACL's side, I'd want the club to commit to putting a percentage of player sale profits - say 10% of net profit - into clearing this backlog. To guard against SISU, or any owners, selling players at great profit whilst aged liabilities were still kicking around
That sounds reasonable to be honest.
Which player sale profits are these? Are you talking purely on profit against transfer fee or profit against entire cost (transfer fee + salary)?
There certainly is a deal to done here BUT as I have said in previous posts even a nil rent will not be enough for Sisu. They want ownership of the Ricoh and the surrounding land. Nothing short of that will satisfy them I'm afraid.
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