Rumour: Hoffman and Elliot takeover negotiations (4 Viewers)

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Nick

Nick

Administrator
sky blue john said:
Waste of time Sisu's front man/puppet going they will just replace him with another!
Something you don't do is pick apart Sisu who are pulling the strings!
You just focus on trying to make everyone else accountable. The problem with that is they don't own CCFC!
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Maybe try and read every thread then?

Where have I said Hoffman is accountable for CCFC? He isn't at the minute. Read the many explanations about people being cynical because they want it to work so won't aimlessly jump about thanking him and getting excited.
 
S

SkyBlueZack

Well-Known Member
I've mentioned it before. There not local businessman. Well, at least three of them aren't. Wouldn't call them Cov fans either. Still, sounds good in the press.

Regarding including player sales in a deal. What would you allow SISU to have? The upfront payment, monthly instalments, sell on % or all of it? Would allowing SISU who would no longer own the football club have a right to player sales contravene 3rd party ownership? Just thoughts.
 
covcity4life

covcity4life

Well-Known Member
Nick said:
I have also pointed out about their bollocks. Have a look at the JS statement thread where somebody tried to argue with me saying it was bullshit and where I pointed out why. Have a look at the essay type Fisher threads where I pick apart why he should go ;)
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fairplay. should warn you against beleiving st sales will go directly to budget though?
 
italiahorse

italiahorse

Well-Known Member
torchomatic said:
Christ, why are things so difficult for some people? There is no negativity around Hoffman. Similarly no one is happy with SISU.
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So no one is saying the Hoffman bid is not enough ?
No one is saying he should put the full value in from day one ?
It's only a few I know but they are there.
I want him to continue trying but we need to all get behind him if he does.
Any negativity towards him will dilute his efforts and make Sisu believe they have a case.
We need to be 100% behind his efforts and 100% behind getting Sisu out.
 
Nick

Nick

Administrator
italiahorse said:
So no one is saying the Hoffman bid is not enough ?
No one is saying he should put the full value in from day one ?
It's only a few I know but they are there.
I want him to continue trying but we need to all get behind him if he does.
Any negativity towards him will dilute his efforts and make Sisu believe they have a case.
We need to be 100% behind his efforts and 100% behind getting Sisu out.
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Posts on a forum will dilute his efforts? Here's a plan, why not get an amazing bid and plan that nobody can be cynical about? If posts on a forum are going to ruin his efforts then what happens when it reaches SISU?

You said yourself that bids would be rejected. Is that not negative also?

People will be behind him if they see and hear things to get behind. People will always be cynical rather than blindly follow things.
 
italiahorse

italiahorse

Well-Known Member
Nick said:
ST sales will go towards the budget. Unless SISU are putting all of the money in to pay the players themselves...
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But what percentage?
It appears to me that interest payments are equivalent to player budget. Okay they are not taking it out but what we owe them keeps growing and ties them more into not releasing the club.
 
S

SkyBlueZack

Well-Known Member
Another thing regarding the bid. The club is worthless, doesn't matter if SISU have lost money, the debt is their problem. They only paid a pound etc.

Contrast this attitude to that of CCFC and the Ricoh. Why should CCFC be given the stadium? They should have to pay the formula price etc.
 
Nick

Nick

Administrator
italiahorse said:
But what percentage?
It appears to me that interest payments are equivalent to player budget. Okay they are not taking it out but what we owe them keeps growing and ties them more into not releasing the club.
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We will see won't we when accounts come out to get a better idea for next season?
 
B

Broken Hearted Sky Blue

Well-Known Member
SkyBlueZack said:
I've mentioned it before. There not local businessman. Well, at least three of them aren't. Wouldn't call them Cov fans either. Still, sounds good in the press.

Regarding including player sales in a deal. What would you allow SISU to have? The upfront payment, monthly instalments, sell on % or all of it? Would allowing SISU who would no longer own the football club have a right to player sales contravene 3rd party ownership? Just thoughts.
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So you know who they are then? Who are they?
 
italiahorse

italiahorse

Well-Known Member
Nick said:
Posts on a forum will dilute his efforts? Here's a plan, why not get an amazing bid and plan that nobody can be cynical about? If posts on a forum are going to ruin his efforts then what happens when it reaches SISU?

You said yourself that bids would be rejected. Is that not negative also?

People will be behind him if they see and hear things to get behind. People will always be cynical rather than blindly follow things.
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So you are clearly in the 'pay over the odds' camp.
Sisu need to be challenged on why they want more than the clubs worth.
You clearly challenge Hoffman rather than Sisu.
Are you scared of Sisu leaving just in case the club folds regardless of what division or location we play?
Clearly you are.
 
covcity4life

covcity4life

Well-Known Member
Nick said:
ST sales will go towards the budget. Unless SISU are putting all of the money in to pay the players themselves...
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some of it will go in. will all of it to ensure more players can be brought in with competitive wages?

when have been promised top 10 budget only to be told later in season actually its lower mid table budget it makes you grow weary.
 
Nick

Nick

Administrator
covcity4life said:
some of it will go in. will all of it to ensure more players can be brought in with competitive wages?

when have been promised top 10 budget only to be told later in season actually its lower mid table budget it makes you grow weary.
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The accounts will paint a picture of money in and out roughly won't it? If it turns out SISU are milking it then I agree with you. If it turns out it's still going on running the club and expenses away from the wage budget then it's hardly the same.
 
italiahorse

italiahorse

Well-Known Member
Nick said:
The accounts will paint a picture of money in and out roughly won't it? If it turns out SISU are milking it then I agree with you. If it turns out it's still going on running the club and expenses away from the wage budget then it's hardly the same.
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But the player figures are lost in the overall figures.
 
covcity4life

covcity4life

Well-Known Member
Nick said:
The accounts will paint a picture of money in and out roughly won't it? If it turns out SISU are milking it then I agree with you. If it turns out it's still going on running the club and expenses away from the wage budget then it's hardly the same.
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no then its not the same i agree. if sisu hadnt made so many errors and lied so much in past i wouldnt be saying it. no trust anymore.
 
oldskyblue58

oldskyblue58

CCFC Finance Director
Lets be clear about a few things

I welcome the fact that GH has had the balls to try to do something. I know he has the best interests of the club at heart but in the manner in which he sees those interests. That's his truth or understanding not necessarily yours or mine and that is perfectly fine. I agree with some of it, question other parts

I applaud that he hasn't seen fit to give in and remains prepared to talk

I find all these fans leaks whatever the source, at least some of which are quite deliberate, to be unprofessional, telling and unhelpful. The proper statements made by GH I welcome as the right way to go about things

I lament the fact that there is not more interest from other parties, not because of any negativity towards Hoffman but because I believe competition could drive the best deal for CCFC future (unfortunately that probably drives up the benefit for SISU, to me an unwelcome side effect they deserve nothing but they can pragmatically expect more than worth). We can not afford to get the new ownership wrong

I am entitled, the same as anyone one else, to question the motives and actions of SISU, CCC, Wasps, CCFC, Fisher and yes Hoffman & Elliot - and will continue as I have for years, to do so in as fair manner as I can.

I am entitled to use my knowledge of CCFC, this whole saga and financial matters to raise questions. GH is not, nor should not be excluded from question- that is not picking sides that is simply looking beyond the obvious. Having met him I know he is open to being questioned. If I question or explain elements of the bid, or the potential reaction of Seppala or SISU, it is exactly that. It is not taking sides, it is not arguing personalities or dissing GH or giving JS/SISU my support or credit

I am not interested in the personalities, I am interested in the nuts and bolts of it all. I do not care if GH is a well meaning caring CCFC fan, so am I, so are you - does the bid work

It is vital to stand back from the emotive side of all this, not always easy, SISU & JS are not interested in the emotions so you have to deal with them on that basis, you have to deal with them in terms of finance. CCFC is not on the SISU doorstep - stirring things up in Coventry might not even be recognised by them

I think the current bid is under funded, gives too much potential away if it is ever realised, gives me concerns about working capital then ending up in a similar financial state to now in a few years time and is well short of what it takes to get JS to even start to negotiate. I believe it was, is, and will be destined to failure unless significant cash funds can be offered as a down payment with significant working capital to back it up for several years. That's my opinion

It is too important to CCFC future to simply accept without real question something just because it is the alternative to SISU

I think the basis of the bid has been what can be put together then dress up rather than estimating what is JS looking for and how do we talk her down

I am concerned about the divisions within the fans over this whole saga which to be honest appear to have got more bitter because of claims of boycotts, NOPM and even by questioning a bid. I do not like the name calling and insults we are all supposed to be CCFC doesn't mean we share the same truths or opinions

My conscience is clear over SISU, I was warning about the drive and motives of a hedge fund in 2008 and have consistently challenged them ever since. I want them gone like yesterday but not at any cost. It has to be the right deal, whilst the club is cash flow balanced then the club is safe & parked in the immediate term and there is a little time.

I think it is up to any individual to choose for whatever reason to go to matches some, all or none of the time - I respect whatever choice is made

I am entitled to my opinion, my view point, to express or explain facts as I see them (usually with reference to evidence). I usually indicate or make obvious when it is my opinion. Everyone is entitled to express their opinion or viewpoint - argue it certainly but respect it

If some people are not happy with all that - tough

- this has been a party political broadcast on behalf of me :)

breathe :)
 
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S

SkyBlueZack

Well-Known Member

I heard the names weeks ago. If I had come on here and stated who they were. I would of got dogs abuse for telling SISU who the investors were. Trying to scupper the deal. You have to remember there is a few loons on here that think I'm SISU lover or whatever label their putting it on this week. I kept my mouth shut as I don't want them here, nobody does. I don't think there was a deal to be made. I don't believe it was a genuine offer. I do believe it is to ramp up pressure on the club. I say club and not SISU, as it's the club that suffers.
 
NorthernWisdom

NorthernWisdom

Well-Known Member
oldskyblue58 said:
Lets be clear about a few things

I welcome the fact that GH has had the balls to try to do something. I know he has the best interests of the club at heart but in the manner in which he sees those interests. That's his truth or understanding not necessarily yours or mine and that is perfectly fine. I agree with some of it, question other parts

I applaud that he hasn't seen fit to give in and remains prepared to talk

I find all these fans leaks whatever the source, at least some of which are quite deliberate, to be unprofessional, telling and unhelpful. The proper statements made by GH I welcome as the right way to go about things

I lament the fact that there is not more interest from other parties, not because of any negativity towards Hoffman but because I believe competition could drive the best deal for CCFC future (unfortunately that probably drives up the benefit for SISU, to me an unwelcome side effect they deserve nothing but they can pragmatically expect more than worth). We can not afford to get the new ownership wrong

I am entitled, the same as anyone one else, to question the motives and actions of SISU, CCC, Wasps, CCFC, Fisher and yes Hoffman & Elliot - and will continue as I have for years, to do so in as fair manner as I can.

I am entitled to use my knowledge of CCFC, this whole saga and financial matters to raise questions. GH is not, nor should not be excluded from question- that is not picking sides that is simply looking beyond the obvious. Having met him I know he is open to being questioned. If I question or explain elements of the bid, or the potential reaction of Seppala or SISU, it is exactly that. It is not taking sides, it is not arguing personalities or dissing GH or giving JS/SISU my support or credit

I am not interested in the personalities, I am interested in the nuts and bolts of it all. I do not care if GH is a well meaning caring CCFC fan, so am I, so are you - does the bid work

It is vital to stand back from the emotive side of all this, not always easy, SISU & JS are not interested in the emotions so you have to deal with them on that basis, you have to deal with them in terms of finance. CCFC is not on the SISU doorstep - stirring things up in Coventry might not even be recognised by them

I think the current bid is under funded, gives too much potential away if it is ever realised, gives me concerns about working capital then ending up in a similar financial state to now in a few years time and is well short of what it takes to get JS to even start to negotiate. I believe it was, is, and will be destined to failure unless significant cash funds can be offered as a down payment with significant working capital to back it up for several years. That's my opinion

It is too important to CCFC future to simply accept without real question something simply because it is the alternative to SISU

I think the basis of the bid has been what can be put together then dress up rather than estimating what is JS looking for and how do we talk her down

I am concerned about the divisions within the fans over this whole saga which to be honest appear to have got more bitter because of claims of boycotts, NOPM and even by questioning a bid. I do not like the name calling and insults we are all supposed to be CCFC doesn't mean we share the same truths or opinions

My conscience is clear over SISU, I was warning about the drive and motives of a hedge fund in 2008 and have consistently challenged them ever since. I want them gone like yesterday but not at any cost. It has to be the right deal, whilst the club is cash flow balanced then the club is safe & parked in the immediate term and there is a little time.

I think it is up to any individual to choose for whatever reason to go to matches some, all or none of the time - I respect whatever choice is made

I am entitled to my opinion, my view point, to express or explain facts as I see them (usually with reference to evidence). I usually indicate or make obvious when it is my opinion. Everyone is entitled to express their opinion or viewpoint - argue it certainly but respect it

If some people are not happy with all that - tough

- this has been a party political broadcast on behalf of me :)

breathe :)
Click to expand...
:emoji_clap:
 
Moff

Moff

Well-Known Member
italiahorse said:
I would guess the negativity around Hoffman and the bids may give the appearance that some on here prefer Sisu.
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I know it might be hard for you to comprehend but perhaps people are just pissed off that the deal didn't go through, and are perhaps unhappy that our hopes have been raised and dashed again.
Of course in your alternative reality I should be pleased with Hoffman, sending him emails of congratulation and high fiving him even though his bid failed, as it shows my hatred of SISU.
I would love new owners, I am pleased Hoffman gave it a go and would love him to succeed, but I am not going to champion a failed bid (as it means we are still stuck with SISU) just to please people on this site.
 
RegTheDonk

RegTheDonk

Well-Known Member
Hoff still wants to buy, according to him coming on Talk Sport today. "Spoke a lot of sense, with a lot of heart" according to Jim White. Glad Hoff is still trying, just hope he can muster a bid that will appeal to Joy - and can give the club some chance of going forward.
 
Paxman II

Paxman II

Well-Known Member
OSB58 said: "I think the current bid is under funded, gives too much potential away if it is ever realised, gives me concerns about working capital then ending up in a similar financial state to now in a few years time and is well short of what it takes to get JS to even start to negotiate. I believe it was, is, and will be destined to failure unless significant cash funds can be offered as a down payment with significant working capital to back it up for several years. That's my opinion"

...and I would concur with that opinion whole heartidly!
 
G

Godiva

Well-Known Member
covcity4life said:
is it any worse than current model that has led to 2 relegations?

food for thought.
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Yes, it looks worse. The bid if succesful will take away a significant part of the clubs income and transfer it to SISU the next 3 years.
That will leave even less to run the club.
Remember how people over the years have been up in arms about sisu taking money from the club? I can't count how many times those claims have been proven wrong.
This bid if succesful will make sure sisu take out money from the club in the next 3 years - or more.

We need a clean break.
 
covcity4life

covcity4life

Well-Known Member
Godiva said:
Yes, it looks worse. The bid if succesful will take away a significant part of the clubs income and transfer it to SISU the next 3 years.
That will leave even less to run the club.
Remember how people over the years have been up in arms about sisu taking money from the club? I can't count how many times those claims have been proven wrong.
This bid if succesful will make sure sisu take out money from the club in the next 3 years - or more.

We need a clean break.
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and after 3 years we would be free of sisu once and for all.

gh has also said they have funds to invest themselves so he must think he can cover the immediate future where they make concessions to sisu

hes a successfull businessman, doubt hes being stupid about this.
 
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