Chesterfield sold

Discussion in 'Coventry City General Chat' started by smileycov, Jan 9, 2018.

  1. smileycov

    smileycov Facebook User

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    sale in principal agreed for 10m.

    How can sisu turn down an alleged offer of 7m up front when we are in a worse state than chesterfield? We have zero assets.
    Surely the shareholders need to be asking Joy wtf!!!
     
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  2. SkyBlueCRJ

    SkyBlueCRJ Well-Known Member

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    The SISU Capital shareholders are more likely to ask 'wtf' if she accepts that her failed business venture has cost them £75 million minus whatever upfront return they get from the sale.
    Otherwise she would have got rid years ago...
     
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  3. covcity4life

    covcity4life Well-Known Member

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    they seen checkatrade windfall

    now they want success

    sisu will take us to league promotiona nd fa cup victory!

    WE ARE BACK
     
  4. Ricketts

    Ricketts Well-Known Member

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    Sold to a Mr Dale Evans?
     
  5. Ricketts

    Ricketts Well-Known Member

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    We have far more potential than Chesterfield ever will.
     
  6. Suffolk sky blues

    Suffolk sky blues Active Member

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    Ccfc is stuck while sisu own the club. Moving forward the whole setup needs a cash injection year on year.sisu aren't interested.
     
  7. Nick

    Nick Administrator

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    [​IMG]
     
  8. SkyBlueCRJ

    SkyBlueCRJ Well-Known Member

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    Let's start growing money trees!!!!
     
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  9. mark82

    mark82 Moderator

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    Sisu own the club so can accept/reject any offers they want. That's the unfortunate fact of the matter.
     
  10. fernandopartridge

    fernandopartridge Well-Known Member

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    I don't think the CCFC sale price is about the value of the assets, is it? It's about trying to recompense SISU to a level acceptable to them / their investors. That's why we are stuck between the rock and the hard place of either paying a massive severance fee or paying nothing and waiting for the court actions to be exhausted.
     
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  11. Covstu

    Covstu Well-Known Member

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    Didn't the Portsmouth fans sell theirs for 7.5M?

    Sadly we will never get to a point of sale with a clean one off bid, any deal with SISU will have to be significant upfront to cover debts but then caveated with additional future clauses down the line (and I bet they will probably battle in court on the interpretation of those at some point!).

    I just cannot see an exit strategy for these jokers, they don't care what we think as fans but no-one can figure out what the end game is for them.
     
  12. Captain Dart

    Captain Dart Well-Known Member

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    They haven't spend that much.. maybe £35M. Largely spunked away though I'd agree.
     
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  13. Otis

    Otis Well-Known Member

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    And I reckon most of the spunk is Tim Fisher's.
     
  14. Captain Dart

    Captain Dart Well-Known Member

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    Or his dog's.
     
  15. wingy

    wingy Well-Known Member

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    Not sure he's got Hector these days, anyone seen either of them?
     
  16. Otis

    Otis Well-Known Member

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    Where does he live? I've always wanted to go round Hector's House.
     
  17. Danceswithhorses

    Danceswithhorses Well-Known Member

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    Sadly you can't use logic and sound reasoning when SISU are involved
     
  18. Captain Dart

    Captain Dart Well-Known Member

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    Next door to Zsa Zsa the Cat.
     
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  19. Fergusons_Beard

    Fergusons_Beard Well-Known Member

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    By all accounts the Chesterfield takeover just as bad as our Dales one...


    Sent from my iPhone using Tapatalk Pro
     
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  20. Leamington Pete

    Leamington Pete Active Member

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    Hector's House, Zsa Zsa the cat. Depressing what a minority we're in to actually know what you're on about.
     
  21. chiefdave

    chiefdave Well-Known Member

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    Exactly, why would SISU sell to someone for less than a price they deem acceptable?

    Also when people talk of buying the club they aren't really talking about buying the company that is CCFC. You could buy that for the famed £1 but you would still owe SISU, Avro etc tens of millions. What the likes of Hoffman want is to buy the bits of the company that make up the football club (player contract, ryton, golden share etc) and leave the debt behind in Otium.
     
  22. Broken Hearted Sky Blue

    Broken Hearted Sky Blue Well-Known Member

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    Seems reasonable
     
  23. bawtryneal

    bawtryneal Well-Known Member

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    I will make a very bold statement
    If SISU keep hold of this management team and the nucleus of the current squad we will be back in the championship in 3 years.
    Then they will sell up.
     
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  24. skybluetony176

    skybluetony176 Well-Known Member

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    That is bold.
     
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  25. italiahorse

    italiahorse Well-Known Member

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    So I have a house for sale worth £200K but I have struggled to pay bills and run or credit card debts on household luxuries I can't afford.
    I have run up debts of £130K.
    The buyer needs to then pay me £330K before I sell it?
     
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  26. robbiekeane

    robbiekeane Well-Known Member

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    Stupidest analogy I've ever heard
     
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  27. italiahorse

    italiahorse Well-Known Member

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    It's similar to Sisu asking more for the club than it's worth because the owners have run up debts with it.
    Any better ?
     
  28. ccfcway

    ccfcway Well-Known Member

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    "2 turkeys does not an eagle make" is mine....
     
  29. Hobo

    Hobo Well-Known Member

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    Agree but it is still bonkers management and financial planning. How long will it take to build the business CCFC up from league 2 after years of neglect? How long will the litigation take with no guarantee of reward?

    You would think that a half decent hedge fund could take a decent lump sum, say 10 million and make it work for them more quickly than the above scenarios.

    I mean SISU do know what to do regarding investments don't they?
     
  30. Amcoventry

    Amcoventry Active Member

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    Where will we be playing?
     
  31. robbiekeane

    robbiekeane Well-Known Member

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    If you just apologise for the ridiculous analogy we can all pretend it didn't happen if you want
     
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  32. italiahorse

    italiahorse Well-Known Member

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    When Sisu apologise and leave then I will also.
    Apologies need to come from Sisu and not from anybody on here ;)
     
  33. fernandopartridge

    fernandopartridge Well-Known Member

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    Perhaps they would take that? Nobody has tested it. After the Dale Evans saga, I'm sceptical about Hoffman and his consortium's offers for the club. SISU's statements in respect of Dale Evans seem to suggest that they are open to offers.
     
  34. Grendel

    Grendel Well-Known Member

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    That’s like saying wasps deal to buy the Ricoh was a £20 million deal when it was £5.7 million.
     
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  35. italiahorse

    italiahorse Well-Known Member

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    Nothing like it.
    Another Deflection from the Sisu apologist.
     
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