Statement in response to today's offer from Gary Hoffman
Please see below a response to today's offer from Gary Hoffman regarding the Ricoh Arena:
"Besides which, there has been no detail behind these proposals which were only put to the Club by phone last night.
"We wouldn’t want to raise fans’ hopes given that the main source of income whilst playing at the Ricoh was ticket receipts and it certainly doesn’t make sense to describe the deal as an "offer to pay arena rent"” when actually the deal is a loan secured against ticket sales resulting in the club giving away a huge chunk of ticket revenues, our only revenue stream."