Would ACL buy CCFC if we went into admin and no buyer came forward? (5 Viewers)
- Thread starter OyJimmy
- Start date
Like your thinking Oyjimmy, have wondered on many scenarios whhere the stadium comes to the club ,the company structure of ACL is more complex than appears on the surface,don't know if i'm being naive ,but in 2006 the freehold on the arena was independently valued at a mere£600,000 with ACL holding the fifty year lease,my biggest dream for this football club is to gain control within the stadium ,but not for the current occupants 
coundonskyblue
New Member
As the Council own 50 % of ACL I don't think it could happen. Is it not a bit of a gray area for a local authority to fund a private company?
ACL really would have no choice but to buy the club in such a scenario. And the administrator would have to let the brand go cheap because he wouldn't actually have anything else to sell.
Which is why those who argue we could go down and never come back are completely wrong. ACL/ Council/ Higgins would have to buy the club to stop the stadium becoming a big white elephant.
Which is why those who argue we could go down and never come back are completely wrong. ACL/ Council/ Higgins would have to buy the club to stop the stadium becoming a big white elephant.
That is exactly my view also.
Astute
Well-Known Member
That would be a fairytale ending for us. we would be owned by our ground owners.
Could it happen? The answer has to be no.
Have the ACL/Higins trust millions in the bank? How many banks would lend any money to them?
How many councils have a stake in their football teams?
Even if the council wanted to throw millions into our club could they? They have serious budget cuts to contend with. People are losing their jobs with the council as they can't afford everyones wages.
Could it happen? The answer has to be no.
Have the ACL/Higins trust millions in the bank? How many banks would lend any money to them?
How many councils have a stake in their football teams?
Even if the council wanted to throw millions into our club could they? They have serious budget cuts to contend with. People are losing their jobs with the council as they can't afford everyones wages.
J
Jack Griffin
Guest
Some posters need a reality check, the council and a charity (who own ACL) are not going to team up to run a football club. LOL++
SkyBlueScottie
Well-Known Member
If they are concerned about losing money why would they buy us ass it would only lead to losing a whole load more.....
TommyAtkins
New Member
ACL are highly unlikely to want to buy us.
The sad truth is that the City, the Council, ACL and the stadium can all survive without Coventry City Football Club.
We as fans may not wish to think this but the Ricoh doesn't need the football club.
The sad truth is that the City, the Council, ACL and the stadium can all survive without Coventry City Football Club.
We as fans may not wish to think this but the Ricoh doesn't need the football club.
Astute
Well-Known Member
CCFC are the biggest income for the Ricoh. Money can, and is earned from concerts and similar. We are the Ricoh's bread and butter. The rest is extra income.
We will never be able to build another stadium even if we could afford to. We would never get planning permission from Cov council. Maybe they will never sell the stadium to us. Too much of a money earner. How good will our future be if we never have our own ground again? Who would want to take over a team that would never own their own ground?
We will never be able to build another stadium even if we could afford to. We would never get planning permission from Cov council. Maybe they will never sell the stadium to us. Too much of a money earner. How good will our future be if we never have our own ground again? Who would want to take over a team that would never own their own ground?
oldskyblue58
CCFC Finance Director
Sorry Astute but CCFC is the biggest single income (which is discounted from market value) it is not even 50% of the total income.
ACL turnover is £6m+ we pay a rental of between 1 and 1.5m depending on what you believe. Admittedly the rents received from the various outlets there then bolster the turnover further, and losing CCFC would leave a big hole. But those outlets also cover other events at the Ricoh so they are not there just because of CCFC.
Everyone assumes losing CCFC would be the end of ACL and the Ricoh - not sure it would be the case. The hotel there doesnt rely on CCFC for business (infact CCFC hinders it) nor does the exhibition halls or the Casino all of whom pay for the benefit of being at the site
I think you are under estimating the income streams from other sources on the site. The rest isnt extra income as you put it. There is a well placed and thriving functions business at the Ricoh which provides more than a minor secondary income. That is why the Council wont be in a big rush to hand over ownership to CCFC
Ownership of the site is the ultimate target but CCFC wont fail because we dont - it will fail because the club fails to live within its means and to provide a successful on field product. There are cases of successful clubs that do not own their ground. Owning it works only if the costs of financing that ownership are affordable - unless we get a large stack of interest free money then that is at present a mute point.
ACL turnover is £6m+ we pay a rental of between 1 and 1.5m depending on what you believe. Admittedly the rents received from the various outlets there then bolster the turnover further, and losing CCFC would leave a big hole. But those outlets also cover other events at the Ricoh so they are not there just because of CCFC.
Everyone assumes losing CCFC would be the end of ACL and the Ricoh - not sure it would be the case. The hotel there doesnt rely on CCFC for business (infact CCFC hinders it) nor does the exhibition halls or the Casino all of whom pay for the benefit of being at the site
I think you are under estimating the income streams from other sources on the site. The rest isnt extra income as you put it. There is a well placed and thriving functions business at the Ricoh which provides more than a minor secondary income. That is why the Council wont be in a big rush to hand over ownership to CCFC
Ownership of the site is the ultimate target but CCFC wont fail because we dont - it will fail because the club fails to live within its means and to provide a successful on field product. There are cases of successful clubs that do not own their ground. Owning it works only if the costs of financing that ownership are affordable - unless we get a large stack of interest free money then that is at present a mute point.
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