Search results

That's sick. He wanted assurances and didn't get them, and was offered more money. If he had been given assurances and been put on a promise, then I could understand people being pissed off, but Joy/ SISU seem to have miscalculated... again...

Yes, the circumstances being CCFC had fucked up completely and the council had got too involved... a mess then as now...

Yes, but in all these points it was the parties that signed and agreed to the short lease and high rents that caused the problems, including SISU not questioning these things before taking on all liabilities. It shows amazing naivety by all parties.

Probably: Fxxk this for a game of skittles. I'm off to my business interests elsewhere. Joy, you'd better find a new CEO sharpish...

What we were looking for was an Operations Director. His job description covered everything possible- in other words he would be the CEO but get less money and not the title. Whatever happened to that? Tim is 'swamped' because of his other businesses. Doesn't help matters. And Venus, his deputy...

As regards my banner, it reads: 'Hoffman Welcome' at the moment.

Has Trump registered "make CCFC great again" as a trade mark yet? If not you could be on a winner.... ;-)

If SISU had acted properly in their own interests- making CCFC a valuable asset to sell on at a profit, I wouldn't be complaining. They have acted like tossers from day one in a way that they thought was in their own interests, but they ended up with a disaster through their own incompetence. If...

No, nor do I, but as you have said, if CCFC debt was bought out and preference shares were withdrawn/ counted as worthless through creation of a new holding company, then the company would have more assets than liabilities plus the brand. Someone would lend something against the - in this case -...

Can't remember. All this will no doubt come out at the JR.

My thought is that he is indirectly acknowledging it is worth 10 million by suggesting the add ons to bring it to that amount. If he had said 10 million cash, Joy would have said 20 - guess - and they may have gone for 15 ( something like that ). By starting low and hinting at a possible 10 he...

Yes, they were in the driving seat and able to do that. SISU were in the driving seat when they were collecting people's shares at the takeover. Joy later wanted to play hardball with the bank to get the loan reduced. The time for SISU to play hard ball and get what Wasps got was at the...

Wasps took advantage of a vulnerable situation- that is what businesses do. Cannot blame a business for acting in it's own interests. Except, of course, SISU because they took over a club with a loyal fan base and by acting in what they thought was in their interests, managed to screw the whole...

Exactly. If Hoffmann is talking to Wasps, he will be asking what it costs to play football at the Ricoh etc. If it is too much, he might look at other options or not go ahead. Pity SISU didn't check these things or go for negotiating a better deal with ACL before completing the takeover.

Take a drive round just before the gig and see what it's like. Good test.

No. I mean, in effect, gift the new owners 1000,00 to help get SISU out. The ST money would be extra and up to the individuals. This ST money could then be used to buy a squad or for footballing things instead of repaying backers or investors. I won't buy a ST because I am not home often enough...

Well, if it gets to a stage where a price has been agreed and Hoffmann needs money putting in so as not to have to drain money from the income streams, then I would pay £ 1000,00 for a non voting share - not as an investment, but purely for vanity. I can image a campaign to raise money in this...

In the end he will have to put cash up front -SISU know all about not paying debts and then asking the creditors to cut their losses...... Which means instead of having to pay SISU as you go, they will have to pay themselves, or their backers, back out of income as you go. Unless someone gifts...

Well yes, that is obvious... somewhere between Arvo's "roundabout 13 million" and Hoffmann's derisory bid is the price. The so called add-ones could have come to 10 million. So he knows that the price is well away from 1,2 million..... Next stage is testing how much of a haircut Arvo would take...

You wouldn't buy a club without knowing it had a place to play football. The people who bought a club without checking these things properly before they completed the deal were SISU. The rest is history. Let's hope any new owners have a solution to the stadium problem.