Confused (1 Viewer)

dongonzalos · Apr 23, 2012

Now I am completely confused

Tim Fisher in Telegraph saying there is no offer on the table. Gary has Coventry at his heart he has tried to find investors but cant find them. There are no discussions nothing. SISU are the only option

Keys is openly saying on the radio the offer is still there. National radio. I do not believe he is a liar, I do believe he loves Coventry.

Something is not right. my gut feeling is that Mr Fisher will be saying that the previous offer was not acceptable, hence there is no offer on the table.

Fisher has to apply to the board for a budget for next year, if they say no then I assume that is where this administration bit comes from?

What I need from the Coventry evening Telegraph

1) From Tom Fisher when will he apply for the budget, when will he get the answer. As we are probably the only football club going, who do not know if they have a budget for next year or not

2) If there is no budget what is the plan?

3) If the budget is smaller than required to go back up what is the plan?

4) If it is a decent budget what is the plan, i.e. new signings, loan players or just try and hold onto current squad?

5) What are you going to pro actively do to try and convince the council that you are trustworthy enough to have a share of the stadium. Otherwise this whole situation is pointless. That is the most important thing.

6) Gary Hoffman needs to be interviewed by CET. SISU have put it out there now. They are saying he does not have a bid. He has to reply.

7) Ask fisher why when he says mistakes were made in the summer by letting players go and not replacing them and that they know that now. If that is true I presume they knew this in January when we were bottom of the league. We had one chance of staying up keep Juke and bring in some loan players. Yet we sold Juke. If by then SISU had learnt why did they still sell Juke. We could have kept him for 4 months and sold him now. Is it a case that SISU do know you cant sell everyone you get an offer for however they still will do this anyway?

TheBoss · Apr 23, 2012

Richard Keys has already stated that he intends to get Hoffman onto his Radio show to explain once and for all what is going on, that should answer a few questions.

I believe Fisher is a SISU puppet just like Dulieu was, so I don't believe a word he says.

SkyBlueBlood · Apr 23, 2012

If there is anything going on then Hoffman will not appear on the radio as that would jeapordise any potential deal, so he would only appear if all deals were off with no chance of moving it forward, so I hope not to hear from him until SISU are gone.

Godiva · Apr 23, 2012

TheBoss said:
Richard Keys has already stated that he intends to get Hoffman onto his Radio show to explain once and for all what is going on, that should answer a few questions.

I believe Fisher is a SISU puppet just like Dulieu was, so I don't believe a word he says.

And who's puppet is Richard Keys?

Nonleagueherewecome · Apr 23, 2012

Godiva said:
And who's puppet is Richard Keys?

Maybe Andy Gray's?

thorninmyside · Apr 23, 2012

Keys isn't a puppet he is a proud city fan and always had been. ... the real question is what else had he stated that has now become true

ashbyjan · Apr 23, 2012

Have been asking questions of those in the know and this is my reading of the situation:

1. SISU have been duped by employee who appears to have disappeared from headlines and are v angry to have lost a lot of money and see little way of getting it back.

2. Fisher is doing his damnest to stop SISU pulling plug on club and liquidating it - it is their best way of getting any quick money back. if they reject his plan expect liquidation.

3. Reason accounts havent been signed off is because SISU refuse so far to commit to fund any losses

4. There is currently no Hoff bid on table - SISU have never actually been approached as bids were blocked by Dulieu and Clouting. His investors are still interested but how much there interest will be affected by relegation yet to be ascertained

Basically these are very dark and dangerous days for Cov - SISU will have no qualms about shutting the club and the sooner Cov fans realise this, smell the coffee and start worrying and, heaven forbid, do something the better or soon there will be no team to moan about.

kg82 · Apr 23, 2012

Key's said the attempt before fell through so, technically, Fisher's not lying. He also said Hoffman still wants in. I don't believe anything that's said from either side anymore, but I understand Keys side more. I don't understand SISU. WHAT is their ultimate goal in all of this?

1nilandwe... · Apr 23, 2012

Keys s likely to exaggerate things because a) it makes for more entertaining radio and b) he may be trying to force something to happen by using a national platform.

I don't believe he would lie about something like this, but also if he is such good mates with Hoffman, he wouldn't be able to tell the whole truth for fear of jeopardising the deal.

Tim Fisher's largely evasive and vague comments in his interview were IMO designed to try and appease the fans. I would bet that he knows very little about SISU's plans. It seemed like he was admitting they made mistakes to hopefully curry some favour with us. Unfortunately for him, we've been lied to so many times that we just want some honesty. I'd have had a lot more respect for him if he'd come out and said 'there's a lot going on. I don't know what's going to happen' instead of feeding us some guff about a major restructuring that he either has no details of, or is not willing to explain to us.

1nilandwe... · Apr 23, 2012

ashbyjan said:
Have been asking questions of those in the know and this is my reading of the situation:

1. SISU have been duped by employee who appears to have disappeared from headlines and are v angry to have lost a lot of money and see little way of getting it back.

2. Fisher is doing his damnest to stop SISU pulling plug on club and liquidating it - it is their best way of getting any quick money back. if they reject his plan expect liquidation.

3. Reason accounts havent been signed off is because SISU refuse so far to commit to fund any losses

4. There is currently no Hoff bid on table - SISU have never actually been approached as bids were blocked by Dulieu and Clouting. His investors are still interested but how much there interest will be affected by relegation yet to be ascertained

Basically these are very dark and dangerous days for Cov - SISU will have no qualms about shutting the club and the sooner Cov fans realise this, smell the coffee and start worrying and, heaven forbid, do something the better or soon there will be no team to moan about.

If this is true, (and I have no reason to believe that you'd pluck it out of the air) what are we to do about protests? SISU out would be a disaster without a creditable bid on the table. SISU in is driving us round the twist.

I feel well and truly helpless and completely in the dark as to what is actually happening.

(That's not to say I don't believe you ashbyjan, but there are so many rumours flying around that it's difficult to know what to believe.)

Nonleagueherewecome · Apr 23, 2012

ashbyjan said:
Have been asking questions of those in the know and this is my reading of the situation:

1. SISU have been duped by employee who appears to have disappeared from headlines and are v angry to have lost a lot of money and see little way of getting it back.

2. Fisher is doing his damnest to stop SISU pulling plug on club and liquidating it - it is their best way of getting any quick money back. if they reject his plan expect liquidation.

3. Reason accounts havent been signed off is because SISU refuse so far to commit to fund any losses

4. There is currently no Hoff bid on table - SISU have never actually been approached as bids were blocked by Dulieu and Clouting. His investors are still interested but how much there interest will be affected by relegation yet to be ascertained

Basically these are very dark and dangerous days for Cov - SISU will have no qualms about shutting the club and the sooner Cov fans realise this, smell the coffee and start worrying and, heaven forbid, do something the better or soon there will be no team to moan about.

So is the chap in no.1 Clouting or Duieu, then? :thinking about:

Godiva · Apr 23, 2012

Nonleagueherewecome said:
So is the chap in no.1 Clouting or Duieu, then? :thinking about:

Or Ranson?

chiefdave · Apr 23, 2012

Nonleagueherewecome said:
So is the chap in no.1 Clouting or Duieu, then? :thinking about:

Onye Igwe I would have thought, he was the SISU man on the board wasn't he and seems to have gone missing!

Nonleagueherewecome · Apr 23, 2012

Godiva said:
Or Ranson?

Ah, maybe. Whether he intended to dupe them or not, I wouldn't be surprised if he had. I mean, they fell for Len-as a man who in theory knows football, I'd imagine Ranson managed to blow their socks off with a showy business plan, possibly built on sand.

Nonleagueherewecome · Apr 23, 2012

chiefdave said:
Onye Igwe I would have thought, he was the SISU man on the board wasn't he and seems to have gone missing!

Thought he was still one of them? Just keeps quiet! Family man is his reason, remember?

TommyAtkins · Apr 23, 2012

ashbyjan said:
Have been asking questions of those in the know and this is my reading of the situation:

1. SISU have been duped by employee who appears to have disappeared from headlines and are v angry to have lost a lot of money and see little way of getting it back.

2. Fisher is doing his damnest to stop SISU pulling plug on club and liquidating it - it is their best way of getting any quick money back. if they reject his plan expect liquidation.

3. Reason accounts havent been signed off is because SISU refuse so far to commit to fund any losses

4. There is currently no Hoff bid on table - SISU have never actually been approached as bids were blocked by Dulieu and Clouting. His investors are still interested but how much there interest will be affected by relegation yet to be ascertained

Basically these are very dark and dangerous days for Cov - SISU will have no qualms about shutting the club and the sooner Cov fans realise this, smell the coffee and start worrying and, heaven forbid, do something the better or soon there will be no team to moan about.

Good post, ashbyjan - thanks

You will recall I have been warning that SISU might liquidate the club, even just out of spite.

Talking with Fisher on behalf of the fans takes on an every greater import. For example, will more player sales generate sufficient income to cut the deficit and provide funding for another season?

Godiva · Apr 23, 2012

TommyAtkins said:
You will recall I have been warning that SISU might liquidate the club, even just out of spite.

Talking with Fisher on behalf of the fans takes on an every greater import. For example, will more player sales generate sufficient income to cut the deficit and provide funding for another season?

Saying that sisu would liquidate the club out of spite is saying they have no respect or concept of money. I think money is what they respect the most.

But it would be interesting to know exactly how Fischer project the cash flow next season. How much is actually needed and how much can be raised from player sales.
So far it seems sisu rejects raising another penny, so Fishers task may well be to put together a budget that is self sustainable (at least cash-flow wise) ... which is pretty much what many have discussed on this board for the last year or more.

jas365 · Apr 23, 2012

Out of interest, if SISU decided to pull the plug and liquidate the club, do we actually know what saleable assets the club owns?
The balance sheet to 31.05.10 (the last year submitted) shows tangible fixed assets of £1,272,227. Presumably this includes Ryton as a loan was taken out against it last year, which it was announced recently has now been paid back.
I'm guessing that this complex with all its land is worth considerably more than £1m.

TommyAtkins · Apr 23, 2012

Godiva said:
Saying that sisu would liquidate the club out of spite is saying they have no respect or concept of money. I think money is what they respect the most.

But it would be interesting to know exactly how Fischer project the cash flow next season. How much is actually needed and how much can be raised from player sales.
So far it seems sisu rejects raising another penny, so Fishers task may well be to put together a budget that is self sustainable (at least cash-flow wise) ... which is pretty much what many have discussed on this board for the last year or more.

Saying they would liquidate the club out of spite is more of a reflection of their perceptions.

SISU probably believe they are the injured party (I am not saying they are - this might be their perception).

No one has given them any credit for funding the club (again, I am not saying they are right) but they well may take this position.

This lack of gratitude is hardly going to make SISU sympathetic now.

Agree re: budgeting concerns. Player sales might just buy us another season.More time to get the wage bill down even further.

Nonleagueherewecome · Apr 23, 2012

Godiva said:
Saying that sisu would liquidate the club out of spite is saying they have no respect or concept of money. I think money is what they respect the most.

But it would be interesting to know exactly how Fischer project the cash flow next season. How much is actually needed and how much can be raised from player sales.
So far it seems sisu rejects raising another penny, so Fishers task may well be to put together a budget that is self sustainable (at least cash-flow wise) ... which is pretty much what many have discussed on this board for the last year or more.

The problem is that raising a budget that is enough to be competitive whilst keeping the club self-sufficient will be impossible. Fisher has admitted mistakes have been made, and backs AT's statements about the "football side being neglected, and that cannot be allowed to happen again".

So Fisher has a mighty task on his hand: with the rent and lack of revenue streams, plus loss of TV income and matchday attendences reducing most likely, you'd assume we'd be selling players all season as long as we have them to pay our way-and that probably still won't be enough to be self sufficient.

He can't do both..most likely he can't do either! Even more likely is that SISU would have to back the Fisher Plan with a bit of investment: that's where he'll really come unstuck, and the caution in his voice Saturday hinted at that.

TommyAtkins · Apr 23, 2012

Nonleagueherewecome said:
The problem is that raising a budget that is enough to be competitive whilst keeping the club self-sufficient will be impossible. Fisher has admitted mistakes have been made, and backs AT's statements about the "football side being neglected, and that cannot be allowed to happen again".

So Fisher has a mighty task on his hand: with the rent and lack of revenue streams, plus loss of TV income and matchday attendences reducing most likely, you'd assume we'd be selling players all season as long as we have them to pay our way-and that probably still won't be enough to be self sufficient.

He can't do both..most likely he can't do either! Even more likely is that SISU would have to back the Fisher Plan with a bit of investment: that's where he'll really come unstuck, and the caution in his voice Saturday hinted at that.

That has been the issue all along.

Given the choice between the future of the club and investment in the squad, it becomes simple.

We have been stuck for over a decade, trying to be competitive whilst all the time, stacking up debt and a deficit that have become unaffordable.

Save the club. Sell players, cut wages.

Il Pirata · Apr 23, 2012

chiefdave said:
Onye Igwe I would have thought, he was the SISU man on the board wasn't he and seems to have gone missing!

I'm not sure he really exists.

If Hoffman had the money the takeover would have been done months ago.

coundonskyblue · Apr 23, 2012

With the 55% wage cap in place down there how can they say what the budget will be? After all they don't know what income will be yet!

skybluebeduff · Apr 23, 2012

Reading them 3 pages has hurt my brain, 17:21 and you lot have enforced a trip to the pub, thanks

SkyBlue_Bear83 · Apr 23, 2012

Richard Keys is bad as the board.

thorn in my side · Apr 23, 2012

dongonzalos said:
Now I am completely confused

Tim Fisher in Telegraph saying there is no offer on the table. Gary has Coventry at his heart he has tried to find investors but cant find them. There are no discussions nothing. SISU are the only option

Keys is openly saying on the radio the offer is still there. National radio. I do not believe he is a liar, I do believe he loves Coventry.

Something is not right. my gut feeling is that Mr Fisher will be saying that the previous offer was not acceptable, hence there is no offer on the table.

Fisher has to apply to the board for a budget for next year, if they say no then I assume that is where this administration bit comes from?

What I need from the Coventry evening Telegraph

1) From Tom Fisher when will he apply for the budget, when will he get the answer. As we are probably the only football club going, who do not know if they have a budget for next year or not

2) If there is no budget what is the plan?

3) If the budget is smaller than required to go back up what is the plan?

4) If it is a decent budget what is the plan, i.e. new signings, loan players or just try and hold onto current squad?

5) What are you going to pro actively do to try and convince the council that you are trustworthy enough to have a share of the stadium. Otherwise this whole situation is pointless. That is the most important thing.

6) Gary Hoffman needs to be interviewed by CET. SISU have put it out there now. They are saying he does not have a bid. He has to reply.

7) Ask fisher why when he says mistakes were made in the summer by letting players go and not replacing them and that they know that now. If that is true I presume they knew this in January when we were bottom of the league. We had one chance of staying up keep Juke and bring in some loan players. Yet we sold Juke. If by then SISU had learnt why did they still sell Juke. We could have kept him for 4 months and sold him now. Is it a case that SISU do know you cant sell everyone you get an offer for however they still will do this anyway?

I genuinely believe Hoffman has no investment. That much is obvious. All this talk about him tabling a bid - nonsense. He may have opened tentative talks once upon a time but as far as I am aware there has been no formal bid. He is touting Coventry City to all and sundry in the hope someone might bite.

Hoffman needs to put up or shut up now as we cannot have him creating problems in the shadows as we enter next season.

If it is to be SISU then so be it. We move forward on that footing and serious restructuring takes place over the summer. We should take a leaf out of thew book of Charlton and use Div 1 as a spring board to rejuvenate the club.

Likewise if it is to be Hoffman, then great. Show us your money Gary and your business plan. If you have neither then go away and leave us alone.

We just need an end to the will he wont he pantomine.

Keys is a Hoffman puppet so I don't believe a word he says !

kg82 · Apr 23, 2012

thorn in my side said:
I genuinely believe Hoffman has no investment. That much is obvious.

I don't get this? You genuinely believe your opinion on Hoffman is obvious or Hoffman having no backers is obvious to everyone?

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