Not sure if anyone is actually bothered but here are a few facts that the Trust has learned about the proposed deal and some background info.
I never said that at all, I said the CCC could've supported the club by lending money (like they did with ACL) to support the club and the club pays back the money, and I'm guessing ACL have to pay the money back?
SISU have been asset-stripping? Really? Not at all, they've had to sell to keep our CCFC afloat and if they have, it hasn't exactly returned because they (SISU) are in a worse position before they took over! So the myth about 'lining their pockets' just isn't true, because their pockets now have a massive hole in them!
Well, no, because that money is still CCFC's...
That money does NOT belong to SISU. It is a totally independent account set up for emergency payments to be made to the landlord(ACL) It never did...and never will belong to SISU. It was decided by the FA, and CCFC to do this because of unfairness to other clubs. It was part of the "Build" of the Arena...which incidently CCFC/SISU (Past or present) had no part in either the building of, or ownership of:facepalm:
That's a little childish.
I think people support their club and would like their owners to act with integrity and honesty. Also to be professional in their business dealings.
SISU really need to start coming up with some solutions themselves!
Other than suggestion mediation in a web site and saying 'they know my number. I will wait for their call'
No Coventry fan wants Coventry to go under. However I imagine most want them to behave like owners of a football club and not Billy's circus.
ACL may be capitalists, but not to the extent that SISU are. Venture capitalist and vulture funds are one of the things that is most rotten with capitalism. Surely the no-holds-barred exploitative type of capitalist that they are should raise some alarm bells as to their methods, motives and ethics? Are you really incapable of distinguising between scum like these and people like the Higgs Trust? SISU saw us as an easy cash cow-they fecked it up, they dug their heels in, and we are where we are today, suffering due to their greed and incompetence.
And you make the classic SISU fanboy error of assuming that they are CCFC/have CCFC's future at heart :facepalm:. Surely you can see given what they are that is quite impossible now? It's obvious that from their actions they have imperilled the club more than any other custodian, QED. Anyone who backs them is helping to sign our death warrant.
Link please......btw, the Escrow will only have £500k put back into it...So highly unlikely what you "Understand" to be true.
@ Crowsnest....
The Escrow account was used to pay ACL the rent while SISU refused to honourthe contract. Try researching mate. How do you think ACL were paid???......Trylooking back over the last couple of months and actually READ what iswritten!!!
It was set up for just such an occassion that SHITSUperpetrated.:facepalm:
Account Soon To Be Empty
It is understood that an escrow account set up for Coventry City's monthly rent for their usuage of the Ricoh Arena, could be empty in a matter of months.
The account was set up as a form of financial protection for both the club and Arena Coventry Limited.
With the rent not being paid for the last three months, ACL have been forced to withdraw from this account and it is understood that there are only a couple of months worth left in the account.
This was posted by CovisGod...........Are you reading Crowsnest?
The Trust (seems an inappropriate word to use considering the current state of the two protagonists) has been constantly talking with both parties trying to get past all the sound bites, misinformation and let's be frank lies put out during this whole sorry affair. We have another meeting scheduled for Friday with CCFC and after that we will be publishing the facts. Whether the CT wishes to carry them will be up to them but they will be sent a copy.I'm wondering where this information comes from & if it is available for publication by the Coventry Telegraph?
Odd last statement that given the club was 5 minutes from extinction and wasn't paying anybody under the last regime due to flagrant mismanagement.
Then there were the custodians Richardson and mcginnity. Yes they were highly successful. How I wish Mike was back at the helm.
No, no no.
It was close to administration; not liquidation. A status we'd be lucky to replicate now with your mates at the helm
No, no no.
It was close to administration; not liquidation. A status we'd be lucky to replicate now with your mates at the helm
Odd last statement that given the club was 5 minutes from extinction and wasn't paying anybody under the last regime due to flagrant mismanagement.
Then there were the custodians Richardson and mcginnity. Yes they were highly successful. How I wish Mike was back at the helm.
Rubbish. If Coventry were top of the premiership and they took this stance the council would have no one supporting them. Football clubs can be ran by human rights abusers and can play murders and abusers of women.
Success will always breed excuses and justifications.
I doubt very much the Arabs smelt profit in Man City at all. They wanted this club as a badge of honour, a play thing for their easily gotten oil revenues. They've made a complete mockery of football and sportsmanship and club building and ploughed in millions without any chance of return, just as Abramovic did at Chelsea. Two very working class mediocre clubs for donkeys years transformed by megalomaniacs almost overnight.
Rubbish. If Coventry were top of the premiership and they took this stance the council would have no one supporting them. Football clubs can be ran by human rights abusers and can play murders and abusers of women.
Success will always breed excuses and justifications.
Rubbish BSB - Iniesta has been rubbish in the last two games and its time to give Baker another try. Since his winner in the Champions League final he has hardly been given a look in and its not fair to the lad.
I know I'm going to get slated for this, but it actually made me understand this stuff better...
On my FM12 season (laughs starting already), I was Man U (they headhunted me, I didn't start off there!) and the club was losing 12m a month, my 1st season I won the league and the season after, I won everything and actually made a profit for the year despite losing astonishing amounts a month (especially in the transfer window), next season, I get massive sponsorship deals, stadium gets extended (91.6k) and got 12m for winning CL + 6m in TV money (probably more) 15m for the league (as well as TV money), so, my point is here, these clubs can afford to lose colossal amounts a month if they are successful, they get it back, so yes, football can be profitable even for the likes of Man City.
Cue the 'hating' because I mentioned FM!
Hmm, sounds a bit like the SISU masterplan. About that "success"...if you don't get it..:facepalm:
I agree with Ashdown, the Arabs aren't at Man C to make money, Abramocich isn't at Chelsea to make money. They're spending their money! They may well make some of it back via success, but that's a bonus, not an absolute requirement.
Worrying times though with PSG offering Ibrahimovic and £25 million for Bell - really need to hold onto our star players
SISU master plan? No, just me on FM12, no, you make your money back and could make profit, TV money, CL money etc. etc. will increase and financial inequality will widen, sad reality of the direction football is heading, these people invest to make a small profit, or just break even. Look at Arsenal, made 17.8m this financial year.
I always feared that Thorn would take his best players with him. Still, we're a selling club so I expect several departures in the summer.
I knew somebody would bring up Richardson. No, we were not 5 minutes from extinction, we were 5 minutes from administration. In the past 10 years, how many clubs who have been in administration have gone out of existence? As per, you are distorting reality to suit your agenda. SISU didn't save us by taking over us when they did, they buried us twice as deep.
Point = missed!
HA HA, love that
What was your 'clearly put' point?
We rely need to look at clubs who have gone into administration since points embargo penalties came into being so lets do that;
Wrexham were in league one now non league
Cambridge were in league two now non league
Rotherham were in league one now league two
Boston were in league two now I believe several tiers down
Luton were in league one and now non league
Stockport were league one and now non league
Chester, rushden and Darlington liquidated
Portsmouth premier league soon to be league two
Plymouth were league one now clinging to league status
Only Palace Leeds and Bournemouth have retained parity position
Only Southampton have seen improvement
So 4 have ceased to exist, 3 are in recovery mode and one with a billionaire backer has improved.
Interesting to see where MMM gets the view most clubs do better once in administration.
I wish he'd taken Fleck with him...
Just don't understand that now Guardiola has Platt back and scoring for fun how can England manager Dowie keep overlooking himI wish he'd taken Fleck with him...
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