CCFC at St Andrews

[petros]

Does anyone know why the rent to CCFC was so low for the season?

[wasps]

Do I remember it correctly that at the time we purchased the stadium, CCFC were bankrupt / insolvent and didn't have the funds to purchase the stadium anyway

[BG]

I get tired of the keyboard warriors and try to avoid them as they get me more annoyed than they really should.
CCFC had ample opportunity to purchase the stadium but expected it for peanuts. Just because you bear the name of the area doesn't entitle you to free stadiums!

I wouldn't take a look on the DW site then.. a supporter from Cov RFC has waded into the debate now.

The slightly ironic element to the ongoing saga and SISU latest challenge, is that they believe the sale price was undervalued and as such counts a "state aid", but on the flipside of the coin they want CCC to help them build a new stadium.. errr?

TBH, if anyone has an axe to grind it would be Cov RFC. The supporter who's posted has implied we've encrouched on their recruitment area. I'm guessing we have, but the transfer of the recruitment area has only just been recently re-assigned (12 months ago perhaps) and the 2 clubs operate in 2 different divisions.

Over the last decade or two any talent that has been nutured in the Cov/Warwickshire area has gone elsewhere to ply their trade (Leic, Saints usually) as up until a few years ago Cov RFC wasn't a particulalry attractive proposition. I maybe be slightly factually incorrect but since leaving Coundon Rd I think Cov RFC have gone bust twice. Its only recently with a bit of new investment they've started to climb back up the leagues.

I was reading some of the comments on a national online newspaper where people have posted from a neutral standpoint wondering how CCFC have got themselves into this position (mainly it was from a football supporters viewpoint).

Quite a few recall CCFC being one of the stalwarts of top division football in the late 70's and 80's, which is correct. They were at one point the longest serving club in the top league (I think Man City relegated Man Utd in the late 70's), and then it occured to me Cov RFC went through exactly the same decline during the same period.

My father told me that at one point Cov RFC in the early or mid 70's provide about a 3rd of the England team.

I wonder if both clubs decline was related to the gradual decline of the heartbeat of the city.. manufacturing and engineering, which meant investment and available spending money in the area dropped off and its only been in the last 10 years or so that the Cov area has started to pick itself back up again.

[Brandnewtorugby]

Well, a quick look on a Blues forum, many seem to think they are getting £1.3m a year. When someone said it is £100k, they suspect that is per game. Good luck with getting any of that.

How the other half live!

[BG]

Does anyone know why the rent to CCFC was so low for the season?

The figure of £100k has been banded around, but that might just be an urban myth on our forums. Its seems ludicrously low but a possible way of explaining it was that CCC inisisted that was part of the deal of Wasps buying the long lease (Wasps haven't actually bought the bricks and mortar) to try and help CCFC get back on its feet.. but obviously that contract ran out 2 season ago.. Wasps gave them an extension for last season.

Do I remember it correctly that at the time we purchased the stadium, CCFC were bankrupt / insolvent and didn't have the funds to purchase the stadium anyway


Again, we will never know but either way SISU didn't offer the funds to buy it at the price that was offered (techincally any price is offered by the buyer and the seller can choose to accept and the price we see on any product is known as an "invitation to treat", this also applies to prices we see in supermarkets as well ) so whether CCFC were solvent or not is a moot point.

You would think any hedge fund would have the asking price amount as spare change in their back pockets though, which makes me think SISU was set up with backers money to plunder any sporting establishment in the UK, which was awash with TV money. Didn't SISU try and buy Southampton FC before turning its attention to CCFC.

Joy's background doesn't imply she was a superstar of the financial world and was possibly plucked from middle management obscurity (was it Goldman Sachs in New York?) to front a new "hedge fund"

[BG]

Well, a quick look on a Blues forum, many seem to think they are getting £1.3m a year. When someone said it is £100k, they suspect that is per game. Good luck with getting any of that.

How the other half live!

Could CCFC even operate having to pay £1.3m per season let alone £100k per game (which surely works out at more than £1.3m over a season) . Is the £1.3m per season somehow related to the £1m bond they have had to pay? I.e... a bond that almost covers Brum FC's rent for a season?

How much does a div 1 player get paid?

[Vespula Vulgaris]

The slightly ironic element to the ongoing saga and SISU latest challenge, is that they believe the sale price was undervalued and as such counts a "state aid", but on the flipside of the coin they want CCC to help them build a new stadium.. errr?

That always makes me chuckle, along with the other contradiction that Wasps will definitly go bust soon, yet the stadium, conference centre, hotel, and casino are wonderful businesses and bring in a fortune.

[westwaleswasp]

How much does a div 1 player get paid?

I think salaries range per player from 50 to 100 k p/a. There are a couple of answers on Quora to that question. Pinch of salt and all that.
There is quite a big gap compared to the Championship.

[Neils]

The figure of £100k has been banded around, but that might just be an urban myth on our forums.

No it was a figure quoted by NE some time last year - can't recall when but it was in a conversation about how much CCFC actual represented to Wasps. Not much!

[BG]

I see Joy Seppala appeared on Sky Sports News this morning (it might have been pre-recorded though) talking about the position CCFC find themselves in and a bit of "woe is me" from her perspective.

[Tervueren]

https://www.coventrytelegraph.net/sport/football/joy-seppala-sky-sports-ccfc-15921750

https://www.skysports.com/football/news/11095/11747843/coventry-owner-joy-seppala-apologises-for-stadium-tragedy

[Neils]

Strange SBT posters lusting after her!! Also some surprised she is American! Weird people.

Derek is a Saffa isn't he.

[BG]

I wonder when the interview was filmed? From the short clips and the scribed version of it, the interview doesn't really seem to have a purpose or goal. Was this requested by Sky Sports? I doubt it. Did SISU or Seppala herself offer the interview to Sky Sports?

I initially expected it to be a rallying call to arms against the council and Wasps but unless there's a part of the interview that hasn't been released it came across as simply as something to placate the fans and to try and create a bit of empathy/sympathy for Joy.

I wonder if the harrassment (anger) from CCFC fans is getting a little too much and this is an attempt to try and calm things down.

If someone has broken into her propery then hopefully the police will have dealt with it but in terms of CCFC fans venting their anger, then SISU/Joy has brought that upon themselves by their actions.

I wonder if this is a tentative start in the process to offloading their asset, as she mentions that they weren't going to own CCFC forever and that they want to try and ensure its future even if they aren't there.

[Neils]

The woman according to CovLive says Wasps wanted to buy CCFC. As numerous judges have said she is an unconvincing liar.

[NellyWellyWaspy]

The woman according to CovLive says Wasps wanted to buy CCFC. As numerous judges have said she is an unconvincing liar.

You need deep pockets to fund a football club; it makes owning a Rugby club look like needing only pocket money.