Erm, surely they would do their checks? Unless they got an amazing deal because of the situation.
Madness.
However if ACL go into admin then in theory they should also be locked out if we are?
That is not how I read what he said in the meeting.If what Duggins was saying in the meeting last week is correct, the council could be open to doing a dealing with Seppala.
They cannot afford to screw over the football team again.
That is not how I read what he said in the meeting.
"It's hard to forget the last ten years"
"If anybody wants to discuss CCFC arrange a private meeting with the chief exec"
More leaning towards still being bitter to the point of not dealing with SISU...
Sadly that’s how I saw it too, a more diplomatic version of Ann’s ‘Over my dead body’ or whatever the alleged quote was.That is not how I read what he said in the meeting.
"It's hard to forget the last ten years"
"If anybody wants to discuss CCFC arrange a private meeting with the chief exec"
More leaning towards still being bitter to the point of not dealing with SISU...
That is not how I read what he said in the meeting.
"It's hard to forget the last ten years"
"If anybody wants to discuss CCFC arrange a private meeting with the chief exec"
More leaning towards still being bitter to the point of not dealing with SISU...
This bloke? Coventry City watch from gloom while Wasps make a buzz at Ricoh Arena
Became a Wasps fan.
Is that not the company we had sponsor our shorts in the Blues seasons .. ...Erm, surely they would do their checks? Unless they got an amazing deal because of the situation.
Madness.
However if ACL go into admin then in theory they should also be locked out if we are?
That surely cannot happen and would be illegal, you can't rack up £115m debts and then just carry on as if nothing has happened, Richardson should be banned from becoming a director same as the Worcester two areIt’s going to be the council giving it to Richardson isn’t it.
I think if there’s an option to get it with the debt wiped SISU absolutely will make a play for it. But I get the feeling it wouldn’t be hard to outbid them unless they can convince investors that there is a clear path to a huge return.
I don’t think you can over-estimate the effect that acquiring the Ricoh Arena will have on us as a club,” says Nick Eastwood, the softly-spoken deputy chair of Wasps Rugby Club.
Then SISU are in the game it would seem. Perhaps playing the long game has worked and they then package it all together and sell it on?
Not sure they are. I would think the stadium will end up with someone like NEC Group.
A rational decision would say that the involvement of sports teams in events and stadium management is about as good as the involvement of a council - very poor. The council decision is not just about ccfc it is also about all the other stuff going on at the stadium.
I don't think, for the stadium finance point of view only that having sisu in as owners to employ event specialists and therfore dilute profits of the stadium is the best option. Offering the football club a long lease on favourable terms is from the stadium point of view.
Look at the football club financials, no profit, large debt, large interest costs, then compare to a stadium or event operator like nec which would you choose for a quiet life ? Not saying it is NEC btw
Of course that implies rational thinking on the councils part so who knows.
First objective is that ccfc fixtures are secure
Not sure they are. I would think the stadium will end up with someone like NEC Group. But I have nothing saying they are or not
A rational decision would say that the involvement of sports teams in events and stadium management is about as good as the involvement of a council - very poor. The council decision is not just about ccfc it is also about all the other stuff going on at the stadium.
I don't think, for the stadium finance point of view only that having sisu in as owners to employ event specialists and therfore dilute profits of the stadium is the best option. Offering the football club a long lease on favourable terms is from the stadium point of view.
Look at the football club financials, no profit, large debt, large interest costs, then compare to a stadium or event operator like nec which would you choose for a quiet life ? Not saying it is NEC btw
Of course that implies rational thinking on the councils part so who knows.
First objective is that ccfc fixtures are secure
Or alternatively to see it as a chance for SISU to at last end their involvement with the city and end any destabilising influence.
It feels like the NEC stuff was being pushed by CCC and wasps. trying to use it as leverage to get the bids going.
NEC group dont current own any sports stadia. So might be a big risk for them.
If council don't have to run stadium and its owned by a large events group how exactly is that a problem to CCC. The decision isn't about what's best for ccfc and its supporters, the only decision for the council is what is best for the stadium. Sisu have maintained they won't be there in 8 years, and clearly what went on still rankles.
The stadium needs a reputation rebuild let alone dilapidation rebuild, does selling to sisu in hope they might move on do that ? What if they don't?
Jon Fair today and National Rubix Cube Championships on Friday.
I shit you not.
It feels like the NEC stuff was being pushed by CCC and wasps. trying to use it as leverage to get the bids going.
NEC group dont current own any sports stadia. So might be a big risk for them.
We will be the only show in town again. Timmy was wrong.Worst case is it goes back to the council and Sisu are one of the only bidders. Then we go back to square one with all the hé said she said bollocks.
I don't really get why the NEC would want another gaff a stone's throw from their own. If it were in a different part of the country, I could understand the interest.
Who did that? Missed it.Be shit for people who took out a 10 year lease 4 days ago !
It feels like the NEC stuff was being pushed by CCC and wasps. trying to use it as leverage to get the bids going.
NEC group dont current own any sports stadia. So might be a big risk for them.
We will be the only show in town again. Timmy was wrong.
Would him being a director be problematic after a liquidation?Council HAVE to sell the lease to the football club if they are interested.
They’ve already had the money for the lease so that is not an issue.
In theory, could sell for £1.
I would imagine bondholders security is gone if liquidation is confirmed too? If so, would that open the door for Richardson to obtain a new lease from the council? Surely they wouldn’t make that mistake again.
Looking on their website. they have some crazy masterplan for the NEC. So would be an odd choice.
Only thing that might change that is Blackrock being the finance and tying to buy as much as possible
The NEC Group have been taking on other venues recently and I'm sure there are some that are relatively local. Maybe the CBS is suitable for different sized events to the ones the NEC takes and instead of turning business away they could push it to an alternate venue they operate.I don't really get why the NEC would want another gaff a stone's throw from their own. If it were in a different part of the country, I could understand the interest.
Would him being a director be problematic after a liquidation?
The NEC hospitality & events is called Amadeus. The CBSA is not just about sports most of acl income nothing to do with sport.
Amadeus has per its website involvement in sport. Let's be honest, match days are a chance for acl to sell food or hospitality it doesn't matter that it is sport. Should imagine they have links with CCC already.
Not saying that it will be NEC. It was just an example of the type of owner the stadium needs. The decision for CCC has to be about what's best for stadium first, then ccfc
Delaware North are not doing very well out of the Arena - and they are major operators
Compass are also still owed x£millions
Who did that? Missed it.
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