Strictly speaking Brighton and Hove Albion Football Club Ltd don't own the Amex.
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Coventry sort of going into administration
- Thread starter PILTDOWN MAN
- Start date
Strictly speaking Brighton and Hove Albion Football Club Ltd don't own the Amex.
- Thread starter
- #22
http://www.dailymail.co.uk/sport/football/article-2297369/Coventry-fans-fingers-crossed-avoid-10-point-deduction.html?ito=feeds-newsxml
After sloppy writing of Poyet this one too shows how bad it can be. The article refers Highfield Rd as a ramshackle. Hardly it was quite a modern ground.
After sloppy writing of Poyet this one too shows how bad it can be. The article refers Highfield Rd as a ramshackle. Hardly it was quite a modern ground.
screamadelica
New member
- Jan 28, 2013
- 421
Watch out you Hammers,your owners are selling the family silver this could be you in a few seasons
screamadelica
New member
- Jan 28, 2013
- 421
West Ham seem to think it`s a great idea
army ali
New member
I have a few CCFC supporting mates who keep me informed as to what is going on. Basically, the club rent the ground on matchdays from ACL who run the RICOH on behalf of the City Council. CCFC need to attract 12000 every home game to afford the rent, everything else above and beyond that is theirs. The dispute is with unpaid rent.
The were 'sort of' forced to sell Highfield Road (highly unpopular) and the then owners struck a deal with the council; things looked rosy but again this deal was basically made with the premiership in view. Foundations built on sand - sounds familiar?
The general feeling with the supporters is that they should walk away from the RICOH and ground share (Nuneaton is a viable option as is the Rugby ground - this sounds very familiar again!) until they sort themselves out and develop something on their own.
ACL dont want the club to leave as that would cut regular income, the RICOH could be doomed!
The club have a very big fan base and the potential is massive (tin pot trophy semi final v crewe was attended by 30000+, although prices were slashed), and again, the supporters are the ones who suffer.
The owners of the club, back then, gambled and it hasn't paid off. However, the club now is strangely in a good bargaining position and it might just sway in their favour, especially if they can avoid administration.
Again, business gambles with something that is bigger than just a name. They are gambling with lives here, communities and culture. This is really what needs to be addressed.
The were 'sort of' forced to sell Highfield Road (highly unpopular) and the then owners struck a deal with the council; things looked rosy but again this deal was basically made with the premiership in view. Foundations built on sand - sounds familiar?
The general feeling with the supporters is that they should walk away from the RICOH and ground share (Nuneaton is a viable option as is the Rugby ground - this sounds very familiar again!) until they sort themselves out and develop something on their own.
ACL dont want the club to leave as that would cut regular income, the RICOH could be doomed!
The club have a very big fan base and the potential is massive (tin pot trophy semi final v crewe was attended by 30000+, although prices were slashed), and again, the supporters are the ones who suffer.
The owners of the club, back then, gambled and it hasn't paid off. However, the club now is strangely in a good bargaining position and it might just sway in their favour, especially if they can avoid administration.
Again, business gambles with something that is bigger than just a name. They are gambling with lives here, communities and culture. This is really what needs to be addressed.
SeagullSongs
And it's all gone quiet..
True, but Tony Bloom who is the owner of Brighton and Hove Albion Football Club Ltd. also owns the company that owns the Amex, so it's a minor technicality in our case. I think renting a ground is a guaranteed way of heading towards administration. Coventry don't get any of the matchday income from the stadium - only the ticket receipts.
Lord Bracknell
On fire
And who owned / owns Withdean? Not the Albion.
Lord Bracknell
On fire
Tony Bloom might control the companies that he is the major shareholder in. But he certainly doesn't own the lot.
I was wondering about this - if CCFC move elsewhere, surely the Ricoh Arena would go bust. Even with the conference venue next door, I doubt many people could afford the upkeep of an unused football stadium. Therefore CCFC are in a strong position. Although, I kind of hope that they develop their own ground. As you say, it seems like the 'Ricoh Arena plan' was financially dependent on Premier League crowds.
Hillian1
( . ) ( . )
Just saying Lord B.
It seems to me that a fair few Football Clubs are going down this route of not owning their stadium, I know Palace are the same. It makes sense apparently.
Billy the Fish
Technocrat
Seems like they're just strengthening their bargaining position.
As army ali says, the Richo will just be mothballed if CCFC move away so they are realistically the owners only source of rent. If they won't lower the rent to reflect the current income then CCFC just say "alright lads, we'll just f**k off until you do".
You also have to factor in that whoever paid the initial cost, whether that's investors or a loan, needs to be paid by the owner. The owner probably needs that level of rent to cover a loan, they won't want to lose their money either so part of that will get written off, a new company will be formed to own the ground, CCFC will move back in and pay less rent.
Probably
As army ali says, the Richo will just be mothballed if CCFC move away so they are realistically the owners only source of rent. If they won't lower the rent to reflect the current income then CCFC just say "alright lads, we'll just f**k off until you do".
You also have to factor in that whoever paid the initial cost, whether that's investors or a loan, needs to be paid by the owner. The owner probably needs that level of rent to cover a loan, they won't want to lose their money either so part of that will get written off, a new company will be formed to own the ground, CCFC will move back in and pay less rent.
Probably
mcgoldrick
Banned
CPFC2010 own Selhurst Park, poor buggers. But yes it was owned by Noades and was rented back from him. He didn't want to sell to Jordan (as lets face it he's a bit of a prick) but then Jordan got all clever adn got a mate to buy it for him. This all backfired when the mate (probably also realising that Jordan is a prick) didn't sell it on and this pretty much resulted in the administration.
Many clubs - I imahine yours included have a holding company that controls or owns the ground thus separating the financial risk but keeping it under the club umbrella.
Who'd own a football club eh?
army ali
New member
I suppose it's like hiring a conference room in a hotel for a board meeting or seminar. No overheads, turn up, go home and just pay what is owed. The only problem with this is that you have no commodity/asset to rely on, let alone identity. Hotel goes bust, then what? Do a wimbledon franchise? You basically forfeit any bargaining/leverage as you have nothing to offer other than a team bus which turns up every other week.
A Football Club needs to own it's ground therefore all money going in remains in. The club become self sustainable (as long as the owners are relatively sane and don't own chicken farms) and can build it's own destiny. Otherwise, the club's destiny is in someone elses hands, thus breeding insecurity and instability.
HenryC
New member
Seems as though the Ricoh arena owners should do a deal to cut the rent so that CCFC can stay there. Otherwise they will end up with nothing.
Lord Bracknell
On fire
Irthlingborough is 45 miles from Coventry and an hour's drive. That won't be popular with fans.
- Aug 8, 2005
- 26,598
Just virtually all of it. Shareholders in Brighton and Hove Albion Holdings Limited (the holding company that owns all of the other companies including BHAFC and the stadium)
Bloom holds 77%, more than 75% means you run the whole show. Dick is down to just 4% now.
Name Currency Share Count Share Type Nominal Value % of Total Share Count
MR ANTHONY GRANT BLOOM GBP 19,275,000 ORDINARY 1 77.22
MR WILLIAM JOHN BROWN GBP 1,100,000 ORDINARY 1 4.41
HARRY RICHARD KNIGHT GBP 1,002,500 ORDINARY 1 4.02
PIG CITY INC. LTD GBP 750,000 ORDINARY 1 3
MR KEVIN RALPH PATRICK GRIFFITHS GBP 582,000 ORDINARY 1 2.33
MR RAYMOND ALEXANDER BLOOM GBP 535,000 ORDINARY 1 2.14
FRIDAY-AD (HOLDINGS) LTD GBP 500,000 ORDINARY 1 2
MR DEREK LEONARD CHAPMAN GBP 460,750 ORDINARY 1 1.85
MR MICHAEL JOHN STANLEY HASTILOW GBP 250,000 ORDINARY 1 1
SIPPCHOICE TRUSTEES LTD GBP 200,000 ORDINARY 1 0.8
MR ROBERT LEONARD PINNOCK GBP 142,000 ORDINARY 1 0.57
MR J. GOLD GBP 75,000 ORDINARY 1 0.3
MR JOHN EDWARD VICKERS GBP 50,000 ORDINARY 1 0.2
MR JOSEPH DAVID HIRSCHEL GBP 15,000 ORDINARY 1 0.06
MR PETER FLEMING JACKSON MCDONNELL GBP 10,000 ORDINARY 1 0.04
MR EDWARD NORMAN DAVID GBP 10,000 ORDINARY 1 0.04
MR JOHN TOWN GBP 5,000 ORDINARY 1 0.02
MR MARTIN JOHN PERRY GBP 130 ORDINARY 1 0
No, you are thinking of Pompey, but it's changed since then I think. I think Miland Development owned bits around the ground, and Gaydamak bought that. Then Chainrai took over, and he owned the club and the ground, but he let the club go into administration, so the administrators own the club on behalf of the creditors, Chainrai still owns the ground (I think I've got Chainrai and Gaydamak the right way round, but I keep getting confused).
It was the same at Pompey. The difference is, their owner wanted to shaft them for the cash.
I think it takes 12,000 tickets sold before they make money from the ticket sales.
SeagullSongs
And it's all gone quiet..
So recently they've been earning NOTHING?
In answer to my own question. Coventry City are looking to move to Rushdon and Diamond's Nene Park, if the have to.
If this arrangement falls through, they will look to construct 'Withdean style' temporary seating at Coventry Rugby Club's Butts Park Arena (currently one stand, 3000 capacity).
Splendid. That office overlooking the rugby ground is where I am sat right now
army ali
New member
Yes, they basically earn nothing as all rent goes to ACL. Unpaid rent has no doubt been used to pay staff/players et al. Allegedly, they owe £1.5m.
The problem when you don't own your own ground.