No anything sells at a price. People like you and dongle claimed it was A prime asset - like a mansion on Kenilworth Road.
The fact they had to then sell it for a price akin to a bedsit in Foleshill says one of two things;
They gave it away
Or
It was worth nothing on the open market in its structure at the time.
Which was it?
And as usual you read what isn't written.
Not worth a wow. Just a normal day in the life of a WUM called Grendel.
So acl were making a profit? I thought you said they weren't?
I stopped reading when he went on about fucking renting a house.
Never see it as you pay a fortune to rent a house off somebody, you're only allowed in it 20 odd days a year, though you get stung with the Council Tax for the whole place each year. They then sublet it to other people the rest of the year, making money from them, plus making money from any of your mates that visit by making them eat and drink supplied by them.
You try to get the rent reduced, but they won't initially, and still want to make your mates eat and drink their products and keep all the profits.
Eventually, after not paying rent for a bit, though still paying running costs and letting them sell your mates refreshments, they come up with a better offer, but then apply to make you bankrupt!
You can't afford the big flash place, so have to downgrade and move 35 miles away, much to your landlords disgust at such an act.
Eventually, after a year away, you both realise that you've been hurting each other, so get together and agree to come back at a much reduced rent than was on offer, even offering the possible opportunity to buy the place off them once trust built up mutually again.
A couple of weeks later they've sold the roof from under your head to somebody from 80 miles away for less than you've paid in rent.
House analogies, shit aren't they?
And who fucking agreed to that rent deal? Were they forced into it? No.
The council probably never wanted to get involved in the whole ordeal but had to bail us out after we spunked all the money away for highfield road. Their duty is to protect the taxpayer, they were only going to make a deal that was good for them.
If SISU joined and weren't happy with the rent deal, and openly told everyone it was a terrible deal and unfortunately the council won't negotiate so at the end of the season they are going to stop paying rent and sort out a grounshare while they build a new stadium...that would probably have gone down a lot more in their favour.
But it wasn't the case was it. I honestly cannot work out whether people like you are stupid and deluded, or just in denial because you have some grudge against the council....probably the former. Chin up pal
No anything sells at a price. People like you and dongle claimed it was A prime asset - like a mansion on Kenilworth Road.
The fact they had to then sell it for a price akin to a bedsit in Foleshill says one of two things;
They gave it away
Or
It was worth nothing on the open market in its structure at the time.
Which was it?
Unlike you I've always said it was worth something and I've already said that they got it at a snip.
It was you and others who said it was a worthless white elephant and are now complaining that they got it at a snip.
My position hasn't changed. Yours however has. To suit.
SISU and the club got fucked off and you were right. Must be like Christmas Day?
SISU made their bed and are now lying in it. The club did indeed get fucked of and I'm not happy about it. That's why I'm fucked off with SISU for making said bed. Funny how you can separate SISU and the club when suit's and refer to them as the same entity when suits.
At least there's no confusion with your posts. We know where your loyalties lie, don't we?
Does the blame lie with the club's owners, who's cavalier attitude imperil the football club; of those who are reactive to their agenda?
Absolutely. But also the cavalier attitude of the Council. They did NOT have to sell to Wasps. SISU will not be here for ever, they could have waited and reunited the stadium for the club it was built for. That will do more damage long term, IMHO.
Now; against that backdrop - the CEO still asserting the club is on it's way - and in light of an offer from Wasps, and gvien you're a councillor with a remit of protecting the financial interests of the totality of your electorate, what do you do? Honesty...
Honestly? I would say Fisher would not be here for ever and neither will SISU. I would not have agreed to letting a team from 80 miles away have the Arena. The "Coventry" asset. Especially after Lucas and her "no team should be ripped from its community" crap.
But politically CCC made the correct decision to sell to WASPS, seen not to give in to bullies, got £5m plus "guarantees on the loan", avoided the political embarrassment of the white elephant stadium and the home town club playing in Northampton, hardly any opposition to the Sky Blues losing the Ricoh as most Cov public think they didn't want it anyway, CCC don't have to deal with SISU anymore, a result all round except for us.
Swansea were given the stadium to play in and a free share in the management company. There is even a suggestion that the profit from a subsequent sale of some of the land was given to the club.
The council also paid for ground replenishment wiping loans given to the management company.
If we could have done a council swap then we'd be a lot better off now.
Honestly? I would say Fisher would not be here for ever and neither will SISU. I would not have agreed to letting a team from 80 miles away have the Arena. The "Coventry" asset. Especially after Lucas and her "no team should be ripped from its community" crap.
The "building bridges" statement was equally as bad as any of Fisher's comments. SISUs decision to go to Northampton and the Council decision to sell to Wasps (after the football club said they didn't want the stadium any more and were building a new one) will be the undoing of this football club, I doubt we will ever recover.
Sorry; I don't believe you. You're a councillor. You have a stadium sitting empty and a management company in decline. The CEO of the tenant is saying they'll return on a short term deal whilst they build anew; so you're facing the prospect of a great white elephant; and you tell me you'd sit tight and not sell when another sporting institution hands you a gilt-edged Get Out Of Jail card?
Helped your accuracy with an 'edit' too...
Sorry; I don't believe you. You're a councillor. You have a stadium sitting empty and a management company in decline. The CEO of the tenant is saying they'll return on a short term deal whilst they build anew; so you're facing the prospect of a great white elephant; and you tell me you'd sit tight and not sell when another sporting institution hands you a gilt-edged Get Out Of Jail card?
Helped your accuracy with an 'edit' too...
And who fucking agreed to that rent deal? Were they forced into it? No.
If SISU joined and weren't happy with the rent deal, and openly told everyone it was a terrible deal and unfortunately the council won't negotiate so at the end of the season they are going to stop paying rent and sort out a grounshare while they build a new stadium...that would probably have gone down a lot more in their favour.
Depends on your definition of forced, we had no other option than to agree to whatever deal was offered. If we didn't we had nowhere to play. We were already paying huge penalties at HR for being late moving out and delaying the development. We couldn't afford to exercise the buy back clause, if we could we wouldn't have needed CC or Higgs involved in the Ricoh. While technically you could say they weren't forced there was very little option. And of course not much chance of getting a better deal when you've got MM in charge.
Ransons plan didn't seem to involve stadium ownership so it wouldn't have bothered him. His plan hinged on getting into the PL in the first few years and cashing in. If we were on the PL bandwagon to a certain extent the high rent and lack of non-matchday revenues becomes irrelevant or at least its impact is minimised.
When Fisher got here he did exactly what you suggest. Pointed out that the rent was too high and unaffordable, that ACL would struggle without CCFC and that the club was essentially propping them up. He was ridiculed and called an idiot. CCC and Higgs took every opportunity they could find to tell us he was wrong and that CCFC were a tiny part of ACL's income and they'd be just fine without us. Turned out, much to my surprise, that Fisher was right and CCC and Higgs were outright lying.
Which free rent offer was there? Didn't the low rent offers go back up after a set time?
Which free rent offer was there? Didn't the low rent offers go back up after a set time?
Lucas should have patented the word "unencumbered". She'd have been minted.
If it was about the rent why didn't Fisher accept the low rent offers.....or even the free rent offer?
Fisher is Joys mouth piece. Remember when it looked like he was going to accept an offer but to be overruled by Joy?
Next you will be telling us that ACL should have said to Fisher and Joy that their plan to distress ACL was working although they couldn't let them have the arena unencumbered which is what they were after.
It was a SISU word. You can't blame CCC for that one
Didn't it go back up to silly money after so long?
My mistake. I thought it was Saint Ann who'd said it.
You can't blame CCC for that one
Those offers reverted back to £1.3 million the following season.
The "unencumbered" claim has never been substantiated has it?
In his much (self) trumpeted interview with Joy Sepalla in September 2013; the Award Winning Journalist was told: “The club needs 100 per cent ownership of the freehold of the Ricoh. If you look back at the history of the club, you can see why this is important.”
She said she had made her position clear at a meeting with ACL directors on July 25, adding: “I had thought we were going to talk about a deal involving stadium ownership.”
Asked if it was an extreme bargaining position in public from which there may be room for private negotiation, she said: “I don’t posture. I always tell people what it is I need. I don’t go for wasting time in negotiations. There is no way we would go back to a rental deal. As I have said to the Football League when they asked recently if we would do a temporary arrangement, it would be irrational to return on an interim basis where I have any exposure to Coventry City Council whatsoever"
And: "Realistically, this council don’t think they can work with me. I know I cannot work with them. It doesn’t mean I can’t negotiate a deal. But I am not going to risk my investors’ money by exposing us to the potential of having a repeat of what happened over the last year"
In his much (self) trumpeted interview with Joy Sepalla in September 2013; the Award Winning Journalist was told: “The club needs 100 per cent ownership of the freehold of the Ricoh. If you look back at the history of the club, you can see why this is important.”
She said she had made her position clear at a meeting with ACL directors on July 25, adding: “I had thought we were going to talk about a deal involving stadium ownership.”
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