People in the CET forums saying do not buy season tickets as they will become worthless once we go into administration.............
People in the CET forums saying do not buy season tickets as they will become worthless once we go into administration.............
People in the CET forums saying do not buy season tickets as they will become worthless once we go into administration.............
listen guys, sisu are not the owners, they are the investors, the owners are the company in cayman islands. when they say the creditors are sisu they mean the debt which was 35 million sisu took on when buying ccfc has been made as a LOAN to ccfc. do you get that city have loaned the money from sisu, the whole point of putting the club ownership in the cayman islands is for the avoidance of tax on the debt. the club is in dire straits and the sooner the fans get real about the situation the better
there seems to be a blind and somewhat nonchalant thought that any club in trouble will simply go into administration and there will not be liquidations... this is a stupid and dangerous way to think, of course there is a huge risk of liquidation, administration is the easy option!! its when clubs wont go into admin when they are deeply in trouble as we are one should be concerned. they are the clubs avoiding administration because they know they are going to lose everything. believe me we could be the first club of a decent size to go out of existence due to liquidation. remember this ... to buy our club first of all you need to accept the 'loan' of 35 million pound around the clubs neck. then you have to accept the 12 million a year losses ... you then have to accept that to have any chance of making promotion or even avoiding the drop means investing in a team other than what we have now... 10 million?? take all of that into consideration and then work out you will have to pay 60 million simply to provide a home to the club. simply put any buyer would need to risk about 120 million just to take the club on.
i love my club, but i have to say only a complete MUG would take us on for that kind of money. and in a time of austerity mugs are hard to find in this country. the yanks, arabs and chinese arent interested in second tier teams, otherwise they would have splashed out on us by now.
the point im making is there are other issues to consider as to why we would not enter admin, and i believe the main reason is nobody will buy us when the administrators sell. the only silver lining could be a new ccfc can be built and there is a ready made stadium available for the new CCFC. the future in my opinion is liquidation for us, and then the fans will start up new cov city fc. the council will allow football to be played at the ricoh for ticket fees and charge the new club a nominal fee. thats the future guys i am sorry to say. as i see it
So with them not submitting the books as they are not garanteeing finance for next year could that not suggest that they are considering not continuing to finance the club.
Would it not be more financially astute to sell players but ensure cheaper suitable replacements are in place that would ensure we stay in the championship. By this I mean sell Juke but sign a player for half a miliion so you dont get the full million for Juke but you stay up.
If you cant find that player then hold onto Juke for 4 months then still sell him once the replacement has been secured. Why would they have felt it neccessary to sell Juke at that moment, if the club was not going to go under unless he is sold.
It smacks a bit of short term gain for long term pain.
Bloody hell, I wish I knew the truth. I would imagine it sits somewhere in between these two opinions.
Oldskyblue if you have the time will you go through my last post and give your views on some of the points I have made.
I was under the impression that to buy the stadium would cost 10 million. However it is a lack of trust and confidence in SISU due to their clandestine aprroach and their poor business decisions so far that means they will not be allowed to buy the councils share?
I may be wrong but I believe the delay in agreeing funding for another year may be down to ongoing takeover talks (I know you don't all believe this). Maybe there is another reason (maybe OSB can advise on this too)
In that CWR inrterview Tim Fisher also made noises about the academy & bringing in young talent.
I got the idea the concept was to make the club rather like Crewe used to operate under Dario Gradi, but on a slightly higher level, they were a club, usually in the 3rd tier who had a well respected academy that developed some fine players who they sold on from time to time. Dean Ashton for instance was with them in his early 20's before going to Norwich for £3M & thence to West Ham for £7M (with a 20% cut for Crewe).
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