In view of tonights crucial game for Leicester on this day in 1981 Sky blues 4 Leicester 1. In recent years Leicester, Man City, Southampton and Norwich have all played in League 1 in front of a lot smaller crowds than they are playing in front of now. All four of them went the same way..so what's the difference between all of them and us?..if we can answer this, surely that's the answer to our problems, right?
The answer to our problems? (1 Viewer)
- Thread starter DrMoose
- Start date
bringbackrattles
Well-Known Member
Maybe they have owners who know what they're doing ? While we do not ?
bringbackrattles
Well-Known Member
So unless we manage to attract wealthy owners like the teams you mentioned,we may be stuck in this horrible division for years to come ?
skyblue1991
Well-Known Member
And yet larger crowds than what we are getting now. At least double in size.
NorthernWisdom
Well-Known Member
Southampton preferred administration to SISU, there's a difference...
skybluebeduff
Well-Known Member
All those teams mentioned in the OP have something in common with each other that Coventry don't. They all invested money into the playing squad, they all purchased players for fee's that we've never ourselves seen be spent at this club since 2001.
smouch1975
Well-Known Member
Surely CCFC found itself in this situation by investing in the squad rather than paying bills?
Seriously. Is this not well enough documented for you?
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oucho
Well-Known Member
Hobo
Well-Known Member
Is she? Can you prove that?
bringbackrattles
Well-Known Member
If she is why hasn't she opened up her Gucci bag and splashed it about ?
rupert_bear
Well-Known Member
NorthernWisdom
Well-Known Member
rupert_bear said:
Who was credible who came up with a credible proposal then?
All I've seen is the same old washed up hasbeens who've been culpable as we fall, coming up with nonentities who are interested in property, and who don't have the cash.
Oh, and the occasional eccentric with a fixation on trains.
Sky Blue Kid
Well-Known Member
Malaka
Well-Known Member
Because she does not own the club nor the hedgefund
Gazolba
Well-Known Member
But Joy is not the owner.
I've said for ages that one of the big differences between us and Leicester is how the money has been invested.
Their owners invested £100m to get them to the top flight. They used that money to build a big (and good enough) squad to get them there, plus they bought the ground back from the bank.
For all of the £ that our owners have "invested" in the club, they haven't actually bought anything. They vast majority of the money has been used purely to cover the shortfall in cash flow. That's a huge difference. It's effectively dead money that will never be recovered.
October 2002
Leicester City enter Administration
May 2004
Leicester City CVA approved with football creditors paid in full, Leicester go on to obtain promotion back to Premier League in 2004, culminating in FL and FA introducing the points deduction rules after complaints from other League Clubs.
WiganSkyBlue
Member
Didn't SISU look at 3 out of these 4 clubs before us? I wonder where any of them would be now if ........
I know it's all "what if's" but I'm just so frustrated after the start we made and the run up to Xmas
Sky Blue Kid
Well-Known Member
Founder of Sisu Capital Ltd - The Head Honcho
Of interest is that she is also a protegé of Jon Huntsman of Huntsman Chemical, former Governor of Utah (yep, good Mormon Stock with 9 children) who is Running for 2012 Republican Presidential Candidacy. Talk about friends in high places, and, let's make it clear, not short of a dollar or two. Self made fortune in Chemical Industry Including UK operations and has a personal net worth of $1.6 Billion.
Is that proof enough?
steveo1987
Well-Known Member
Regarding Norwich City,I believe they are a plc with an elected board. They also happen to have a loyal fan base who support the club through season ticket sales in huge numbers.
D
Deleted member 4439
Guest
Taking into account the year and the division, their attendances would appear around par with ours?
http://www.european-football-statistics.co.uk/attnclub/norc.htm
Sky Blue Kid
Well-Known Member
AFCCOVENTRY
Well-Known Member
The owners of all these clubs have invested in the playing squad.
When Southampton were in L1 they spent a £1m on Ricky Lambert for example.
We are in a situation where our owners want us to be self sufficient with minimal investor input.
When Southampton were in L1 they spent a £1m on Ricky Lambert for example.
We are in a situation where our owners want us to be self sufficient with minimal investor input.
fernandopartridge
Well-Known Member
Gary Lineker is spearheading a consortium bidding to take control of cash-strapped Leicester.
The First Division club today applied to the High Court to be placed into administration.
Leicester, who were relegated from the Premiership last season, last week agreed a wage deferment package with their players in a bid to ease their financial problems.
City are the latest in a long line of clubs to feel the pinch due to the downturn in the football economy over the past year.
The club's Plc chairman Greg Clarke revealed that they had come close to reaching agreement with creditors after meetings over the weekend but late problems left administration as the best option.
He said: "Whilst this is a severe setback for the club it does not mean the end of Leicester City."
Administration will give the club the opportunity to restructure their finances and discuss a possible takeover with Lineker's consortium.
rupert_bear
Well-Known Member
I don't believe the model sisu are now running here will ever get to the Premiership unless we get lucky and have a bunch of academy kids break through together a bit like the group Manchester United had in the late 90s with Beckham and co. I live in hope that one day a sugar daddy type turns up as they have elsewhere and rescues is from the clutches of Sepalla otherwise it's the football wilderness for us for a long time to come.
