Plan A (or is it really Plan B?) is to build a new tin-pot stadium outside Coventry at a cost of £20m+. The interest on the borrowings at a modest 5% (if they're lucky with such a high risk venture and their track record) will be £1m p.a. If it's a 20 year loan, for example, then there is also another £1m of capital to repay each year)!
Fishers' original plan to fund the stadium construction with the development of retail/commercial/residential park (normal business practice?) appears to have been abandoned and it will, in fact, be just be a modest stadium with a "Fanszone". So the club's income will comprise just gate money, catering and merchandising, it seems. This will be from a much-reduced fan base as many (including myself) will refuse to go to a "home" stadium outside the city, particularly if it is owned by a SISUE company.
Plan B (we all know that this was really Plan A all along, don't we?) is to acquire the unencumbered freehold of the Ricoh site for next-to-nothing. Well, it's now clear that is not going to happen for reasons explained by AL and JS is well aware of them.
So, SISUE must surely be considering another possibility?
Plan C. Take up the Ricoh rent-free offer and negotiate to purchase the rights to the catering income. It will only be bloody-mindedness that will stop them from considering this possibility but anyone can see that this has to be a better option than Plan A for the future of CCFC, or even the anonymous Hedge Fund investors?
Fishers' original plan to fund the stadium construction with the development of retail/commercial/residential park (normal business practice?) appears to have been abandoned and it will, in fact, be just be a modest stadium with a "Fanszone". So the club's income will comprise just gate money, catering and merchandising, it seems. This will be from a much-reduced fan base as many (including myself) will refuse to go to a "home" stadium outside the city, particularly if it is owned by a SISUE company.
Plan B (we all know that this was really Plan A all along, don't we?) is to acquire the unencumbered freehold of the Ricoh site for next-to-nothing. Well, it's now clear that is not going to happen for reasons explained by AL and JS is well aware of them.
So, SISUE must surely be considering another possibility?
Plan C. Take up the Ricoh rent-free offer and negotiate to purchase the rights to the catering income. It will only be bloody-mindedness that will stop them from considering this possibility but anyone can see that this has to be a better option than Plan A for the future of CCFC, or even the anonymous Hedge Fund investors?
