bobzy Posted November 17, 2022 Share Posted November 17, 2022 (edited) Just checked the Championship - holy ****, they're absolutely flying. Could've sworn they were bottom not so long ago - currently 11th! Edit: Also with a couple of games in hand. Win one and they're in the playoffs. Edited November 17, 2022 by bobzy Link to comment Share on other sites More sharing options...
turnbull Posted November 18, 2022 Share Posted November 18, 2022 17 hours ago, Genie said: Mike Ashley has bought the Coventry Building Society Arena (Ricoh as most know it) for £17m. I’m not sure if this is good news or not for Coventry City yet though. He hasn't bought the arena, it's actually the operating company, ACL. The stadium belongs to and is leased from, Cov City Council. Link to comment Share on other sites More sharing options...
Genie Posted November 18, 2022 Share Posted November 18, 2022 6 minutes ago, turnbull said: He hasn't bought the arena, it's actually the operating company, ACL. The stadium belongs to and is leased from, Cov City Council. The Council own the freehold but not the stadium. MA now owns the stadium via his acquisition of the 3 companies he bought for £17m. Incidentally the bloke who just bought Coventry FC tried to buy the stadium and offered £25m but was too late. I wonder if those 2 are going to clash over this. Will MA sell it on to him for the £25m he offered and make a very nice, quick profit? Clever if he does that. Link to comment Share on other sites More sharing options...
bannedfromHandV Posted November 18, 2022 Share Posted November 18, 2022 24 minutes ago, Genie said: The Council own the freehold but not the stadium. MA now owns the stadium via his acquisition of the 3 companies he bought for £17m. Incidentally the bloke who just bought Coventry FC tried to buy the stadium and offered £25m but was too late. I wonder if those 2 are going to clash over this. Will MA sell it on to him for the £25m he offered and make a very nice, quick profit? Clever if he does that. I think opportunistic is the word you’re seeking (as opposed to clever). 2 Link to comment Share on other sites More sharing options...
turnbull Posted November 18, 2022 Share Posted November 18, 2022 1 hour ago, Genie said: The Council own the freehold but not the stadium. MA now owns the stadium via his acquisition of the 3 companies he bought for £17m. Incidentally the bloke who just bought Coventry FC tried to buy the stadium and offered £25m but was too late. I wonder if those 2 are going to clash over this. Will MA sell it on to him for the £25m he offered and make a very nice, quick profit? Clever if he does that. I stand corrected. I agree, opportunistic rather than clever. 1 Link to comment Share on other sites More sharing options...
rbcuk Posted December 5, 2022 Share Posted December 5, 2022 Just seen they have been issued with an eviction notice by the new owners of the CBS Arena. 3 Link to comment Share on other sites More sharing options...
Stevo985 Posted December 5, 2022 VT Supporter Share Posted December 5, 2022 On 17/11/2022 at 17:59, bobzy said: Just checked the Championship - holy ****, they're absolutely flying. Could've sworn they were bottom not so long ago - currently 11th! Edit: Also with a couple of games in hand. Win one and they're in the playoffs. they were only bottom because they had a load of games cancelled at the start of the season so they were constantly catching up. They're doing well. Looks like they'll be around the playoffs most of the season Link to comment Share on other sites More sharing options...
turnbull Posted December 5, 2022 Share Posted December 5, 2022 18 minutes ago, rbcuk said: Just seen they have been issued with an eviction notice by the new owners of the CBS Arena. As a Wasps fan, I'm off to A&E to get my split sides sorted Link to comment Share on other sites More sharing options...
Genie Posted December 5, 2022 Share Posted December 5, 2022 1 hour ago, rbcuk said: Just seen they have been issued with an eviction notice by the new owners of the CBS Arena. Mike Ashley trying to force the new Coventry City owners to buy the stadium off him is my guess. Link to comment Share on other sites More sharing options...
TreeVillan Posted December 5, 2022 Share Posted December 5, 2022 **** Mike Ashley. Link to comment Share on other sites More sharing options...
Zatman Posted December 5, 2022 Share Posted December 5, 2022 7 minutes ago, TreeVillan said: **** Mike Ashley. Not sure what he has done wrong here. He has bought a property that didnt belong to Coventry 1 Link to comment Share on other sites More sharing options...
OutByEaster? Posted December 5, 2022 Moderator Share Posted December 5, 2022 It's been a nightmare for Coventry ever since they moved into the swanky new stadium the council provided for them, strange to think that back then they thought it would be the trigger for a new era of success; a stadium fit for the Premier League. It's a really difficult situation for them now - they won't be able to move back into sharing the sty as it's currently a building site with a confusion on ownership and I'm not sure it's in the interests of West Brom or small heath to offer a reasonable rate to a direct rival - so it's hard to see where they go next - the Poundland? Northampton? Milton Keynes? It's a mess. Link to comment Share on other sites More sharing options...
turnbull Posted December 5, 2022 Share Posted December 5, 2022 My take on it is this. One of the provisos of the CBS paying to have their name on the arena was that Cov had to playing there. If he kicks them out, then CBS will drop the deal and Ashley can call the place what he likes, the Massive Mug Arena maybe. Sky Blues will be desperate for somewhere to play, so Ashley will try to get a deal on improved terms, the rent was cheap under Wasps (probably the main reason for evicting them). Job done. He'll then be hoping that SISU will agree through clenched teeth and he can then buy what's left of the club for a song. Stumbling block for that part of the plan could be local businessman, Doug King owning the lion's share. Unless, he's in on it all, of course. Link to comment Share on other sites More sharing options...
choffer Posted December 5, 2022 VT Supporter Share Posted December 5, 2022 1 hour ago, Zatman said: Not sure what he has done wrong here. He has bought a property that didnt belong to Coventry If I'm reading the situation right, he's obtained an asset with intent to screw over Coventry purely for his financial gain. He's entered in to no negotiation with them and offered them take-it-or-leave it terms despite them already being within a contract period. I'm sure it's legal but it's a very grubby way of doing business. Then again, it's exactly how he's always made his money. Link to comment Share on other sites More sharing options...
sidcow Posted December 5, 2022 VT Supporter Share Posted December 5, 2022 What's the stadium worth without Coventry FC though? Wasps won't have a bean without Premiership money assuming they keep going at all. I assume the Council won't allow him to knock it down for housing or a supermarket. It's going to be who blinks first. Whatever its a stark lesson that the club should never be divorced from the stadium. We're in that same boat really. I think we can trust NSWE but if ever some unknown shit ever hit the fan, ultimately the Club don't own Villa Park. Link to comment Share on other sites More sharing options...
mikeyp102 Posted December 5, 2022 Share Posted December 5, 2022 9 minutes ago, sidcow said: What's the stadium worth without Coventry FC though? Wasps won't have a bean without Premiership money assuming they keep going at all. I assume the Council won't allow him to knock it down for housing or a supermarket. It's going to be who blinks first. Whatever its a stark lesson that the club should never be divorced from the stadium. We're in that same boat really. I think we can trust NSWE but if ever some unknown shit ever hit the fan, ultimately the Club don't own Villa Park. It holds quite a lot of music events, or at least it did. Link to comment Share on other sites More sharing options...
sidcow Posted December 5, 2022 VT Supporter Share Posted December 5, 2022 48 minutes ago, mikeyp102 said: It holds quite a lot of music events, or at least it did. I don't think a few music events a year is enough. They will need some regular guaranteed income. Plus Villa Park seems to have started bidding for music events now as well so they'll likely get less in future. Link to comment Share on other sites More sharing options...
turnbull Posted December 5, 2022 Share Posted December 5, 2022 2 hours ago, sidcow said: I don't think a few music events a year is enough. They will need some regular guaranteed income. Plus Villa Park seems to have started bidding for music events now as well so they'll likely get less in future. The history of Cov's tenancy at the stadium is pretty chequered, mostly of their owners doing too. Chickens come home to roost, really. Wasps look finished TBH. RFU Phoenix club regs state returning clubs should play at their last home for at least 3 years. They'd never afford the rent on championship attendances especially when there's an established club a stones throw away. Link to comment Share on other sites More sharing options...
flamingsombrero Posted December 5, 2022 Share Posted December 5, 2022 11 hours ago, rbcuk said: Just seen they have been issued with an eviction notice by the new owners of the CBS Arena. 1 Link to comment Share on other sites More sharing options...
OutByEaster? Posted December 6, 2022 Moderator Share Posted December 6, 2022 23 hours ago, sidcow said: Whatever its a stark lesson that the club should never be divorced from the stadium. We're in that same boat really. I think we can trust NSWE but if ever some unknown shit ever hit the fan, ultimately the Club don't own Villa Park. I have a feeling though that V Sports group, the parent company of NSWE Sports Limited that owns Aston Villa also owns the company that owns Villa Park - so while 'we' don't own the stadium, I have a feeling that the company that 'owns' us does. 1 1 Link to comment Share on other sites More sharing options...
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