As I love to say "told you so" I did predict this would be the case a couple of weeks back. It's a sad state of affairs that we can predict these things with alarming regularity and speaks volumes
When you put all the little pieces of crap together, that we are fed, you get one big steaming pile of bullshit.
Which is why I can't understand everyone's optimism. Sexy Football does not keep the club afloat.
Nor can I Rich. Whilst SISU are at the helm there is nocause for optimism. We all know deep down that Thorn will be undermined nextseason. He will have the rugged pulled from under him – no loan signings, bestplayers sold in January etc etc. They’ve done it before and will do it again. Thenwhen we struggle after xmas, Thorn will be made the scapegoat and the wholehorrid cycle will begin again.
Who would you give the petition to?
But giving it to SISU means they'd just tear it up without reading what they already know, that they're not popular. Unless there's something concrete involving an actual plan of action from Hoffman and co. I wouldn't put much hope in it. All we've had is the Telegraph's huge 'exclusive', footage of Hoffman talking to some chaps in a pub, and Ranson placating us about what a great chairman he would have been if money was no object. I'd say we're stuck with what we've got, so let's get behind it and help the club that'll be here long after all of them and us have gone.
But giving it to SISU means they'd just tear it up without reading what they already know, that they're not popular. Unless there's something concrete involving an actual plan of action from Hoffman and co. I wouldn't put much hope in it. All we've had is the Telegraph's huge 'exclusive', footage of Hoffman talking to some chaps in a pub, and Ranson placating us about what a great chairman he would have been if money was no object. I'd say we're stuck with what we've got, so let's get behind it and help the club that'll be here long after all of them and us have gone.
that footage wasnt in telegraph it was on here wasnt it
sorry i missed it
And me, can somebody post it again!!!!
The accounts have been filed and the embargo lifted, so you can all calm down.
I've been on it before and here I go again:
You really - no REALLY - cannot put the entire blame for the last three years of failure solely on SISU. You need to understand what a hedge fund is and to accept the fact that they mean business 100%. They are not sugar daddys or owners with personal wealth who can afford to spend money for fun. In fact a hedge fund administer other peoples money and they are trusted to make their investments pay dividend.
Somehow they got involved with Ranson (through other ventures) and HE must have presented a business plan and an investment scheme that was acceptable to SISU. It cannot have been the other way around, as a hedge fund does not understand the actual business they invest in - all they understand is reading a business plan and if they trust the presenter they will consider making the investment.
So Ranson sold the idea to SISU - he was the key to the take over three years ago. And he accepted to put his own money into it, so if the project failed he himself would lose a considerable amount.
That kind of commitment is required by the investors (the hedge fund) as it is a great way to make sure Ranson would work to all of his abillities to achieve success.
And naturally SISU put him in charge (as they trusted him) to run the show.
But from SISU's perspective Ransons businessplan didn't deliver the results. Ranson spend money money and/or earned less than predicted. As a result players were sold and replaced by free's or cheap's. That didn't cover all corners and SISU were forced to find extra money, which cannot have been easy in the middle of a huge worldwide financial crisis!
The trust between SISU and Ranson broke down and he eventually lost the backing. SISU took over and refused to put in any more making it impossible for Ranson to stay on. Finally he gave up and the new board emerged.
SISU have stayed in 'the shadows' untill Ranson left. There is absolutely nothing devious about that. They are financial investors and their job is not to be in the spotlight. They agree to a business plan, place their bet and stay out of focus. Think of SISU - then think of your own bank manager. They behave pretty much the same.
As the financial report has been filed, the club must have presented a interim cash flow projection that satiesfied the auditors. So - in theory - we should be safe from administration for the next year. SISU must have come up with more money - either from their own projects, or through new investors. We will probably never know, and we really shouldn't care.
The ghost of Hoffmann and Ranson will for sure haunt us for some time as a many still see them as the hero's and not the villains hoping they will be back and take over the shop.
I think we need to actually pay attention when SISU say the club is not for sale. They pretty much mean that they will not leave without their entire investments plus a reasonable interest to satisfy their investors. This means only accepting an offer they cannot refuse.
I also believe that they are open for any new investors who will bring in new cash - especially if this means the club can buy the stadium. But the hard part will be to distribute shares for the money ... can they agree on the share price. I think that will be very, very difficult.
I am hopeful about the future. What really matters is the football. We have seen what a positive manager can do and what our players are capable of. Westwood and King are probably gone at the start of next season, but luckily we are still allowed to field 11 players and I am sure some of them will shine and give us great moments to cherish.
Thats that then. I'll order the open top bus for next May. :laugh:
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