SkyBlueDom26
Well-Known Member
None of this Hoffman talk is ever going to happen, as much as it would be great they aint gonna sell!
Council Open Letter to SISU (1 Viewer)
- Thread starter SkyBlueDom26
- Start date
Liquid Gold
Well-Known Member
Hoffco is very good.
eastwoodsdustman
Well-Known Member
I’m sure that they are operating outside the guidelines of what a council can and can’t do. Ombudsman will surely have to look Into them.
chiefdave
Well-Known Member
So if Hoff can do a deal while the legals are still going the legals aren’t an issue preventing a deal being done.
No reason for Wasps not to be straight back to the table to negotiate then.
They really aren’t intelligent enough to consider the knock on impact of things they say are they?
There’s probably a few people who should be feeling a bit sheepish given how they insisted the council, Wasps and trust weren’t trying to force ownership change.
No reason for Wasps not to be straight back to the table to negotiate then.
They really aren’t intelligent enough to consider the knock on impact of things they say are they?
There’s probably a few people who should be feeling a bit sheepish given how they insisted the council, Wasps and trust weren’t trying to force ownership change.
Would it be great?
I want sisu gone, or at the very least to back up their new stadium horse crap, but Elliott/Hoffman etc make me nervous too and we no nothing about their bid/plans.
RoboCCFC90
Well-Known Member
Praise, for what?!
SkyBlueDom26
Well-Known Member
Mate anybody would be better than these twats right now
Liquid Gold
Well-Known Member
Like has been said many times before if we could all see it happening I'm sure sisu could and have sorted plans to avoid any problems coming back to them.
Great_Expectations
Well-Known Member
Do you actually even believe that statement yourself?
I think if anything it’s the reverse.
fernandopartridge
Well-Known Member
He might as well light a bonfire of £50 notes in the middle of the Ricoh pitch than get into bed with Wasps, the nature of the bond means they're in a far worse position debt wise than ACL ever was
vow
Well-Known Member
Odds on CCC bailing the Wycombe Insects out again?
Great_Expectations
Well-Known Member
The letter really is infuriating.
If only CCC, SBT, Wasps and whoever else, put this much effort into rectifying the situation with SISU rather than this increasingly obvious collusion we might actually have got somewhere.
If only CCC, SBT, Wasps and whoever else, put this much effort into rectifying the situation with SISU rather than this increasingly obvious collusion we might actually have got somewhere.
Unless they actually get relegated they will have substantial guaranteed future income from the RFU. The debts will be extended out. I'd love it if they folded but a lot of the clubs are running close to the wire. TV deals will prop them up too. There is talk of them voting to abolish relegation. We could be waiting forever !
Nick
Administrator
No it's all a conspiracy. It explains why some people have been acting so desperate.
As said, they are all sleep walking into a Hoffman paradise but what if it backfires?
Liquid Gold
Well-Known Member
They’ve got £19m coming in from the league but that barely covers 2 years losses. They’re £60m in debt and have £35m bond to pay back. Losing money hand over fist. Dwindling attendances. Looking likely they won’t be in the champions cup and the CVC deal means income from the league is cut by 25% going forwards. They’re fucked.
fernandopartridge
Well-Known Member
I'm not bothered about the money they get from the RFU or the CVC deal, it doesn't really do much to help ACL whose assets is what the bondholders are secured against.
If Hoffman bought into that, he's taking on half of the £35m debt and half of a company that made a £1.6m loss last year before it even paid the interest to the bondholders. ACL also may have cashflow problems as its overdraft went from £3m to £5.5m year on year.
Warwickhunt
Well-Known Member
They can sell CCFC and it still wouldnt stop the Legals so dont see what CCC are on about! They are using CCFC to try and get SISU off their backs
skybluetony176
Well-Known Member
Just a shame they’ll have to kill the club to do it. Still, whatever floats your boat.
Skybluefaz
Well-Known Member
I really wish there was a viable alternative to the ricoh. The council are desperate for the Coventry city to be wasps life support. What a monumental fuck up.
olderskyblue
Well-Known Member
So, If Hoff bought CCFC, who would wasps be dealing with? Anyone that's made them an "interested party" in a court case?
Surely you can see the difference chief?
Nick
Administrator
So the legals obviously aren't the real issue for them then
it's club ownership
olderskyblue
Well-Known Member
So the legals obviously aren't the real issue for them then
No, if you separate CCFC from the legals, then there is obviously no reason to not do a deal.
Be the same if SISU dropped the legals
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Well, fingers crossed !
I’m sure he will have done his homework,bit if a wizz kid in the finance world apparently.
fernandopartridge
Well-Known Member
Hmmm
ExactlySo the legals obviously aren't the real issue for them then
HuckerbyDublinWhelan
Well-Known Member
Not saying it’s a great idea, just saying I get the feeling that’s the plan.
Eastwood coming out about 50% investment, the pleas to sell to Hoffman - might be getting 10 from 2+2
covcity4life
Well-Known Member
shame council will kill the club to get rid of sisu
agree?
agree?
SkyBlueDom26
Well-Known Member
Council only give a shit about wasps
Ricketts
Well-Known Member
Council only give a shit about themselves.
SkyBlueDom26
Well-Known Member
Agree
