SISU ready to sell? (2 Viewers)
- Thread starter Bidda
- Start date
Sky_Blue_Dreamer
Well-Known Member
And then Kick for Cash played with it afterwards.
Grendel
Well-Known Member
The training ground has charges against them. They have loans and interest charges amounting to over £20 million (?) wouldn’t seem much to buy really is there?
hammerman
Member
But we don’t have it though do we. The perspective buyer will have to pay the £32m for the lease and then buy the club for £30 that Sisu want for it. There is no way on earth anyone would buy a championship club for £62m
NorthernWisdom
Well-Known Member
In that instance, I can find the money for the club
slowpoke
Well-Known Member
Isn’t the hatred of Leipzig a bit political too something to do with their East German connections of years ago.
SlowerThanPlatt
Well-Known Member
…no. Fan ownership is a big thing in Germany, they get around this by setting the price of their ‘memberships’ ridiculously high so the ordinary fan can’t get on board.
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clint van damme
Well-Known Member
Wolves went for far less than 62 mil with far more assets.
HuckerbyDublinWhelan
Well-Known Member
I’d disagree - the going rate for Derby with the stadium was 50m, Birmingham sold for 80m to the Chinese owners.
Forest cost 50m, and Hull who are an infinitely smaller club than us went for 30m
I’d say us at 62m - with the lease is about right
HuckerbyDublinWhelan
Well-Known Member
Any smart person would do it the other way round… ground first club second
SlowerThanPlatt
Well-Known Member
That explains it then.
You are joking right ? So that Sisu can set an even higher price for the football club knowing that someone owning the ground needs the club too ??
no any smart person would make both deals contingent upon each other.
HuckerbyDublinWhelan
Well-Known Member
They don’t necessarily need the club though so they. Could buy the ground and rent it to wasps and CCFC.
your second point stands though. Agree both at the same time.
bawtryneal
Well-Known Member
The Derby takeover only happened due the stadium ownership being resolved.
Flying Fokker
Well-Known Member
Need a stadium, need new owners. They go together.
HuckerbyDublinWhelan
Well-Known Member
But still in total cost around 50m
Brylowes
Well-Known Member
And Millwall, apparently no one likes them
and they don’t care!!!
Skybluedownunder
Well-Known Member
If happily sell our soul. We’ve been out the premiership for over 20 years, we’ve won 1 cup final in our history, I’d be prepared to give it up for success and something we could really get around.
Melbourne Heart became Melbourne City when they were took over by the Man City group and nobody cared but football is a lot less cared about here. They were garbage and now doing much better and won the league relatively recently so was worth it
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Skybluedownunder
Well-Known Member
Who’s really going to take over the lease for that amount? Wasps are desperate! It will go for a lot less, they are fucked
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SeaSeeEffCee
Well-Known Member
Christ
fernandopartridge
Well-Known Member
Nobody cared about Melbourne Heart because nobody cared about Melbourne Heart
Liquid Gold
Well-Known Member
Just like nobody cares about Melbourne City
Skyblue_CP
Well-Known Member
Clueless
Skybluedownunder
Well-Known Member
You can’t live in the past of what was 30-40 years ago. We need to attract new fans, the kids of today. They aren’t aware of the old days, the premier league days, the days of highfield road.
Yeah the history is good for people who remember it but we need to grow our fan base and history 30 years ago isn’t it. It’s a business!
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COVKIDSNEVERQUIT
Well-Known Member
Paxman II
Well-Known Member
What would SISU need to recoup the original investment and what they have spread about in varuios companies? To clear them off the books would it be somewhere around 30m?
The club is gettin astable foothold now and increasing revenue streams. The stadium has a sub let for 10 years and now the possibility (if rumour is correct) a way to purchase the full lease of the stadium from WASP (was it 150 year lease?)
Any business person will look at that as a 'whole' and very favourable. 50m say would be cheap!
Would SISU cash in on our star players first? - forcing new owners to find immediate cash for replacements?
The club is gettin astable foothold now and increasing revenue streams. The stadium has a sub let for 10 years and now the possibility (if rumour is correct) a way to purchase the full lease of the stadium from WASP (was it 150 year lease?)
Any business person will look at that as a 'whole' and very favourable. 50m say would be cheap!
Would SISU cash in on our star players first? - forcing new owners to find immediate cash for replacements?
Liquid Gold
Well-Known Member
It being a business is one element to it.
If you want to get rid of everything else to accommodate only the business side then you're a very different supporter to me.
Sir Bobby Robson say it better than I ever could:
"What is a club in any case? Not the buildings or the directors or the people who are paid to represent it. It’s not the television contracts, get-out clauses, marketing departments or executive boxes. It’s the noise, the passion, the feeling of belonging, the pride in your city. It’s a small boy clambering up stadium steps for the very first time, gripping his father’s hand, gawping at that hallowed stretch of turf beneath him and, without being able to do a thing about it, falling in love.”
I would never throw that away to become a sport washing product for a global entertainment brand and attract a few kids with no real association to the club on the way.
play_in_skyblue_stripes
Well-Known Member
As someone who has lived in Melbourne quite a bit here is my take on Melbourne Heart and Melbourne City.
Never really understood why Melbourne Heart would attract new fans when Melbourne Victory had been created a few years earlier. They did though attract new set of fans, although in less numbers. Prior to A League being set up the old teams were supported mostly on Ancestral heritage lines which caused a lot of problems. Maybe Heart tapped into certain Ancestral line, I don't really know.
Within a couple of years Manchester City took them over. They have been quite successful. However overall the standard is disappointing. I love football but only went to one match Melbourne Victory v Sydney. The atmosphere was good but A league is going backwards in its significance.
The national team also has gone backwards although thankfully we qualified for world cup again somehow.
After suffering the awful SISU era, the last thing I would want as a reward is Red Bull refranchising. We have finally got our respect back. Last season was great. We have proved what a great club Coventry City are by how well our fans were viewed by others last season.
All conjecture but here is my view in on Mike Ashley. Anyone remember how he ran Sports Direct and treated his workers? I'm very much anti SISU on what they have done but there are a lot of other questionable owners out there. I think that's the nicest thing I've ever ever said about SISU!!
I did bump into Joy after a game last year and she seemed OK.
Cov98
Well-Known Member
I understand where you're coming from, but as someone who's grown up only knowing us to be shit I still wouldn't want a complete rebrand. Would you want to support MK Dons if you were a Wimbledon fan? I know it's not quite the same thing but it wouldn't be Coventry City if we were took over by someone like Red Bull.
Red Bull Coventry City playing in the piss drink arena wearing completely different colours in a stadium full of plastic fans isn't something that appeals to me if I'm honest.
We definitely need investment and sponsorship / brand deals are probably the way we'll go about it but I'd imagine it'll be a lot less subtle than a Red Bull situation.
mark82
Moderator
Hull aren't infinitely smaller than us.
slowpoke
Well-Known Member
Who could we start with I’ll start with Michael Gove
