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100% this. Vik alone now means that the squad / club has a value at which SISU can possibly afford to sell at and balance their books. Without that I genuinely think we’ll be stuck with them.

Sorry, I wasn’t clear there - I’d missed the context maybe. I was referring to a backer on buying the Arena with / for / SISU / CCFC. However, it’s not impossible and to build a company within a company group and park tranches of liability. Commercial warrantees indemnifying investors against...

We’re into the really hypothetical zone now: If investor had some kind of security (not like the dodgy Bond type) over the stadium in a non-group newco which held the lease and charged rent then it’s possible to isolate I guess.

It’s a fair musing. Any asset with potential decent resale value and reliable income streams can usually be financed. I’m fairly sure they can move / raise money even though atm financial products are all up in the air. Short answer: SISU could find the money / a backer / partner on this I’m...

It’s bad news when you Google SISU and some wag has linked it to a funeral parlour in Mayfair with like 1 star reviews. Surprised they haven’t rebranded (or maybe they have, left a shell, and trade on with a better brand elsewith)

Absolutely, but they’ve got their neck on the line with CCFC already - getting the stadium, revaluing and then selling the lot could be a short game.

I partly agree. Could SISU not just cash out some on their investments in other funds to invest in the CBS and show as an alternative revenue source (particularly) if they revalue? “SISU broke” is an easy assumption. It’s not what they themselves are worth, it’s what they have accessible and...

? Show me where I’ve ever accused him of working for either CCC/ SISU / Wasps? IIRC someone else inferred that he’d previously praised the Wasps finance model. Things change with time, it may have looked fine at the time, clearly events have transpired. The question was, did anyone invest at...

Let’s not forget this. That Boddy did some waffling after we should give due weight to. https://www.thetimes.co.uk/article/hedge-fund-puts-coventry-city-in-play-xx95tnrwj

I think it was more a contra against rents due. (Did I read that somewhere?). CCFC had to get rent up to date and park their contra to get the games on.

Good post. Particularly the point that SISU were beaten to the punch. The exclusivity move seems to have stolen the march which has paved the way for the golden rule in litigation: Whoever has the deepest pockets usually wins.

I think that many Bondholders invested because it looked a secure investment. It appears to be borderline miss-selling but I can’t see the precedent of how that could stick.

There’s all kinds of Twists and Turns that can happen. That SISU is silent is interesting. They only have to throw some kind of legal grenade in on Thursday to put the Trustees and Administrator in a tight spot. The backfire is that if it fails it creates animosity between SISU & MA. Not good...

Did he not originally praise the Wasp finance model? Impossible to assume noclients invested and he’s acting on a professional capacity? Are you him? If not why answer?

Did OSB or his clients invest any money? There’s a poster “PUSB” (I mean…) that’s on the Wasp Bond forum with a similar style and syntax. If so, be interesting to hear the thoughts of someone with skin in the game.

And fair play to Shmmeee for sticking to his guns. He makes some valid points, not ones necessarily that many agree with, but it’s been a massive pile-on on here.

The administrator won’t be working for nothing. The £1m plus vat (1.2m) “exclusivity” fee sounds like an administrator’s bill to me. Why do you think it’s put forward separately? What are your thoughts on why?

Can anyone explain why £35m for a stadium and the associated other income streams that cost £113m (2005 money - £175m now?(Wiki)) to build is “too much”, “out of SISU’s and their backer’s reach?” Is it not more likely that MA and his team have been a bit sharper in manoeuvring to exclusivity...

It appears that the £1m paid for exclusivity is the key. No firm legally binding bid was clearly made, an indicative offer and the ability to fund “£X million” MA could clearly show, perhaps why he got PB status.

Not a trick question: Would reuniting the club and stadium income enable any potential owner (eg MA) to be more flexible under FFP rules?