American property tycoon will move to buy Coventry if club slides into administration (10 Viewers)

rob9872 · Mar 19, 2013

The Greek fella, the Indian fella, the Manhattan crew, the hoff, now this one. Believe it when it happens and no guarantee that better than sisu - remember the excitement last time?

Hope its true and works out but I'm sceptical of another foreign investment who only wants it on the cheap. Strike a deal now and save 10 points if genuine. Bing sisu an extra million that you'll recoup by being a league higher .... rinse and repeat and when acl dont get their pot of gold you can all moan at thus lot once the honeymoon period is over.

PVA · Mar 19, 2013

TheRoyalScam said:
Daily Mail - must be true

You jest but the Daily Mail has generally been very accurate with CCFC stories in the past.

AFCCOVENTRY · Mar 19, 2013

Taga said:
Interesting that he owns a casino....and a vineyard

Well acl need to find a use for the pitch once they kick CCFC out? Lol

ajsccfc · Mar 19, 2013

ashbyjan · Mar 19, 2013

Don't worry your Lordship we are trying to find out all the intentions of prospective owners - the blind acceptance of anyone with a couple of quid has lead us to the mess we are in today. Our abiding mission is to make sure that any new owners a: have the club at heart and are not just interested in the money they can make from the development potential of the Ricoh complex and are actually taking the club seriously and b: will realise that taking fans seriously and giving the fans a proper voice and prospect of part ownership is a good thing, something that successive failed regimes at numerous clubs, including Coventry, have failed to do and not just something to pay lip service to.

LarryGrayson · Mar 19, 2013

Grendel said:
There is only one me. Never use other forums. No one possesses my balanced and rational thought processes.

ya definite remind me of somewon now lol wots your furst name

AFCCOVENTRY · Mar 19, 2013

rob9872 said:
The Greek fella, the Indian fella, the Manhattan crew, the hoff, now this one. Believe it when it happens and no guarantee that better than sisu - remember the excitement last time?

Hope its true and works out but I'm sceptical of another foreign investment who only wants it on the cheap. Strike a deal now and save 10 points if genuine. Bing sisu an extra million that you'll recoup by being a league higher .... rinse and repeat and when acl dont get their pot of gold you can all moan at thus lot once the honeymoon period is over.

Unfortunately there aren't enough wealthy individuals interested in football clubs in this country.

fernandopartridge · Mar 19, 2013

coundonskyblue said:
Sisu, the only game in town. Oh wait..

Yep. Unless an unsubstantiated rumour counts as another one.

Jack Griffin · Mar 19, 2013

Taga said:
Interesting that he owns a casino....and a vineyard

And Daddy owns part of a Football team, the Jaguars, they sure do look perty.

withnail · Mar 19, 2013

In the absence of a consortium of Oggy, John Sillett and Lady Godiva taking over I'll accept a rich Texan.
It's not ideal and, let's face it, football teams always seem to fail in the long run, so I ready to enjoy the immediate benefits and see what happens.

That is of course assuming this is true and not that the Daily Mail have heard a bit of local gossip about Joe Elliott and some yanks and then had a think and thought "who was that yank who wanted to buy Leeds, that Preston 4 bloke, yep, that's him, that'll do, we have a story". Must be true.

ashbyjan · Mar 19, 2013

rob9872 said:
The Greek fella, the Indian fella, the Manhattan crew, the hoff, now this one. Believe it when it happens and no guarantee that better than sisu - remember the excitement last time?

Hope its true and works out but I'm sceptical of another foreign investment who only wants it on the cheap. Strike a deal now and save 10 points if genuine. Bing sisu an extra million that you'll recoup by being a league higher .... rinse and repeat and when acl dont get their pot of gold you can all moan at thus lot once the honeymoon period is over.

Rob - I don't think its as simple as trying to get it on the cheap - SISU have consistently refused to sell (heavens knows why) but by being in administration they are no longer in full control, the administrator is. He/she will decide if a bid is acceptable and will then put together a CVA which is put to the creditors for acceptance. Presently SISU via their ARVO vehicle have the clout to simply keep rejecting these proposals but the administrator can if he feels there are exceptional circumstances force through a sale by the formation of a new company. This was done by Brendan Gilfoyle at Leeds - now what was the name of the ACL's preferred administrator? Coincidence? Maybe maybe not?

Godiva · Mar 19, 2013

ashbyjan said:
Rob - I don't think its as simple as trying to get it on the cheap - SISU have consistently refused to sell (heavens knows why) but by being in administration they are no longer in full control, the administrator is. He/she will decide if a bid is acceptable and will then put together a CVA which is put to the creditors for acceptance. Presently SISU via their ARVO vehicle have the clout to simply keep rejecting these proposals but the administrator can if he feels there are exceptional circumstances force through a sale by the formation of a new company. This was done by Brendan Gilfoyle at Leeds - now what was the name of the ACL's preferred administrator? Coincidence? Maybe maybe not?

And that would mean another 15 pt penalty. Are the Trust supporting that?

shropshirecov · Mar 19, 2013

ACL's preferred bidder would be the one willing to pay the most rent

SkyblueBazza · Mar 19, 2013

Grendel said:
There is only one me. Never use other forums. No one possesses my balanced and rational thought processes.

Not even yourself!

torchomatic · Mar 19, 2013

one criticism of sisu is they are not football people. I presume the American tycoon is?

AFCCOVENTRY · Mar 19, 2013

torchomatic said:
one criticism of sisu is they are not football people. I presume the American tycoon is?

Well at least he is interested in sport and is invested in other sporting teams.

Our Joy in the other hand is into sharks

Jack Griffin · Mar 19, 2013

torchomatic said:
one criticism of sisu is they are not football people. I presume the American tycoon is?

I think this bit in the Cov Telegraph story might have more relevance given what's been said about delevoping the area.

Haskell IV moved to Moscow in 1992 to start the Haskell International Group, which began with real estate investment and property management but also operates restaurants and manufactures furniture.

Godiva · Mar 19, 2013

torchomatic said:
one criticism of sisu is they are not football people. I presume the American tycoon is?

It really doesn't matter. He will install a board with Elliott and Hoffman who have vast experience in running a football club.

Black6Osprey · Mar 19, 2013

I've heard it all before with Chinese billionaires, Hoffman, manhattan, Dinsa, etc etc.

This guy looked to buy Leeds but .. Err... Didn't.

There are bound to be people looking but that doesn't mean ultimately that they'll buy.

There are plenty of people who go into a car showroom but don't come out with a car.

ashbyjan · Mar 19, 2013

Godiva said:
And that would mean another 15 pt penalty. Are the Trust supporting that?

Of course we are not supporting any points deduction - ideally any takeover would be done amicably, professionally and without having to be forced through in this fashion. Maybe if SISU see the writing on the wall and conclude that this outcome looks probable then maybe they will decide that the best thing for them financially and for the club and its fans would be to take an offer now before any admin occurs. That would be a win-win situation for them, the club, the fans and ACL (always assuming any new owners are better than past ones - a big if obviously)

covkid69 · Mar 19, 2013

And the Coventry Telegraph can confirm that the American is the man being lined up by Ricoh Arena owners ACL to take over the football club.

Read More http://www.coventrytelegraph.net/co...s-coventry-city-92746-33017986/#ixzz2NyUsOk4C

seems the telegraph think it's true......don't mean that it is though

tippex9 · Mar 19, 2013

He's a minority shareholder in the Jacksonville Jaguars, a team who are perennial under achievers & in fact worse than the eternally awful Cleveland Browns who until recently were owned by Villa owner Randy Lerner.

SkyblueBazza · Mar 19, 2013

Godiva said:
It really doesn't matter. He will install a board with Elliott and Hoffman who have vast experience in running a football club.

Yes, they have vast experience - we have a lot to thank them for some might say?

ashbyjan · Mar 19, 2013

tippex9 said:
He's a minority shareholder in the Jacksonville Jaguars, a team who are perennial under achievers & in fact worse than the eternally awful Cleveland Browns who until recently were owned by Villa owner Randy Lerner.

Its his father who is a share holder in the Jags

italiahorse · Mar 19, 2013

A parting gift from SISU would be to accept an offer before administration.

How big are you ?

Notorious B.I.Girimana · Mar 19, 2013

This may sound short-sighted... Well, it IS short sighted, but i'll take anything right now. Just want this SISU / ACL nightmare to be over! If a rich Texan wants to buy us out, and purchase the stadium to develop the business / Football Club (whatever it counts as in these sad times) as a whole then I will gladly change my name to Bubba T. Flubba, wear a sky blue stetson to all City matches and listen soley to Lynryd Skynrd for the rest of my waking life.

SWEET HOME COVENTRY!
COME ON YOU REDNECK SKY BLUES!
SISU'S GONE, GONE WITH THE WIND!

.....Then again, if it did come off, i'm sure we'd all be organising 'COLONEL HASKELL IV OUT' protests and researching fire safety in football stadia legislation in 2 years time....

hutch1972 · Mar 19, 2013

Otis said:
Surely we don't want a cowboy do we?

He would more than likely just ignore us and only concentrate on his beloved Spurs.

Here was me thinking we are already run by cowboys !!

AFCCOVENTRY · Mar 19, 2013

covkid69 said:
And the Coventry Telegraph can confirm that the American is the man being lined up by Ricoh Arena owners ACL to take over the football club.

Read More http://www.coventrytelegraph.net/co...s-coventry-city-92746-33017986/#ixzz2NyUsOk4C

seems the telegraph think it's true......don't mean that it is though

Not sure Cov tel are saying its true. They just run a story based on the daily mail story.

Until we see what happens on Friday nobody really knows.

ashbyjan · Mar 19, 2013

italiahorse said:
A parting gift from SISU would be to accept an offer before administration.

How big are you ?

Exactly what I put in previous post - maybe all these pre court leaks are just to give SISU the option to bow out gracefully, with more cash than a forced admin sale would bring, give us new (hopefully better) owners and ACL a partner they can work with. Win-win-win

covcity4life · Mar 19, 2013

lets hope whatever happens its for the best

but right now all i can concentrate on is not losing 10 pts as i want to witness promotion this season for cov

AFCCOVENTRY · Mar 19, 2013

ashbyjan said:
Exactly what I put in previous post - maybe all these pre court leaks are just to give SISU the option to bow out gracefully, with more cash than a forced admin sale would bring, give us new (hopefully better) owners and ACL a partner they can work with. Win-win-win

For Sisu the whole Coventry saga has been a complete media nightmare for them. Sisu have received bad publicity over the years which must be damaging a messed up investors money on this project.

If Sisu are offered a way out the best thing for them is to exit quietly and recoup what is offered on the table.

If they mess about too much on a sell out then that will be further and the final reminder of Sisu.

Will be interesting to see how this pans out.

Joy Division · Mar 19, 2013

If someone had any financial sense and knew how to invest wisely they would not put money into Coventry City Football Club

blueflint · Mar 19, 2013

personally i'll wait and see i wont hold my breath tho

Mary_Mungo_Midge · Mar 19, 2013

It would appear the principal activity of the SISU apologists this morning is frantically Googling a chap they'd never heard of before breakfast, to latterly convince themselves, then others, that he's a wanker. It could have been Mother Theresa of Calcutta, back from the dead with a winning lottery-ticlet and there'd still be a problem

lordsummerisle · Mar 19, 2013

Mary_Mungo_Midge said:
It would appear the principal activity of the SISU apologists this morning is frantically Googling a chap they'd never heard of before breakfast, to latterly convince themselves, then others, that he's a wanker. It could have been Mother Theresa of Calcutta, back from the dead with a winning lottery-ticlet and there'd still be a problem

Well, Mother Theresa was a bit of a c**t, so wouldn't wish her on us.

Seems the same who slavishly loved Sisu with no questions at all for years are preparing to do the same with anybody else.

Especially if it has the seal of quality that is Teflon Joe attached to it.

American property tycoon will move to buy Coventry if club slides into administration (10 Viewers)

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