Voice_of_Reason
Well-Known Member
Just wondering if SISU (Otium) don't get their own way they would liquidate - resulting no more CCFC ?
No.
The name & rights to operate CCFC is worth something.
However they might sell some assets off before they sell the club if they think that would get a higher price.
She's got to be willing to for any of this strategy to work. Ultimately losing the league status/name/history is the only leverage she's got.
Yup, we're just an irritation in the wider scheme of things.
Future negotiations aren't going to work out so well for them if people see a high profile case of them backing down.
Plus it's not necessarily spite anyway as rationally, and if it were any business other than a football club, we'd have been gone long ago! Only reason football clubs survive is people don't like to be thought of asthe person who brought them down; the irony here is it may be to their wider advantage to have that reputation!
Who would take on a club with £60m debt though? And even if it's "restructured" what's to stop us being back to square one owing another company a similar amount.
Just wondering if SISU (Otium) don't get their own way they would liquidate - resulting no more CCFC ?
Just wondering if SISU (Otium) don't get their own way they would liquidate - resulting no more CCFC ?
If rather liquidation than the club in Northampton for years followed by a stadium outside Coventry.
At least that way the club can come home and remain COVENTRY City.
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If we're talking being vindictive then the obviously very nasty thing to do would be to put Otium into Administration. Then as the main creditor buy the assets which would be Ryton, the players although you'd probably sell those off first before Admin and the Club intelectual property i.e. the badge crest, name etc. That way you could prevent anyone from forming a new club under the Coventry City name.
Not suggesting that this is what would happen just what could.
i have to agree with you. i often think what we see as negative PR for sisu as CCFC fans, she see's as free advertising for her hedge fund.
Liquidating the club prevents the original name being used
all the more strange that they threaten to sue anyone who says anything then
Liquidating the club prevents the original name being used
One reaon the can dump debt, another thing hedge funds do. What realistically would they get for the football club 5-10 million tops, they can dump loads more than that on OtiumI still don't see why SISU would liquidate, gaining nothing, if there's the option to sell for something.
I don't doubt their unpleasantness to deal with, it's part of why we are were are, but I don't think they're dumb enough to turn down even a relatively small return if that's all that's on the table.
As it stands at the moment, my club's pretty much gone anyway in my eyes.
One reaon the can dump debt, another thing hedge funds do. What realistically would they get for the football club 5-10 million tops, they can dump loads more than that on Otium
Not sure. Rangers were liquidated and are still called the same. Also there history seems to have stayed intact.
Liquidating the club prevents the original name being used
Has to be a worry. If you take a step back and consider what hedge funds do. They are like hyenas they pick the bones of almost dead businesses and then discard them any way the are able and don't give a shite. Think about Joy Sepalla's recent interview with that Les Reid bloke, she admitted to knowing sweet f/a about running a football club. She also admitted she didn't even know Coventry City Football Club was part of her sisu portfolio until fairly recently and has only just personally really got involved probably as a result of the shit hitting the fan last summer.....
Liquidating the club prevents the original name being used
One reaon the can dump debt, another thing hedge funds do. What realistically would they get for the football club 5-10 million tops, they can dump loads more than that on Otium
Many posts are about this evil 'hedge fund' and we all think 'Gordon Gekko'.
They are supposed to strip us of all assets and throw away the rest.
All while they make a ton of money.
But so far they have only managed to act as your common capital investment fund. Investing £30m or maybe even £35m during their reign.
And sisu seem to have recouped nothing from the initial £20m and then only get some interest on the loans from ARVO (the latest investor addition).
The often quoted management fees have never left the SBS&L group - it was an instrument to move money/debts between Holdings and Limited.
So could we stop blaming them for being a 'asset stripping hedge fund' - they don't operate like one in regards to the club.
There are plenty of other stuff we can repeatedly blame them for, just not treating us like Gordon Gekko would.
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