shmmeee
Well-Known Member
Which, until recently, you were a card carrying member of, we should remember.
Was that operation called Not One Penny More?
It's a difficult one, I believe we would have gotten relegated at some point probably the season after. The heartbreaking thing for me is, in our relegation season we were in the bottom 3-4 in terms of our turnover despite 9-10 teams averaging lower crowds than us.
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You are absolutely right, it's criminal that after 4 years Sisu hadn't managed to either start negotiations for reclaiming their rightful share of revenue. Shocking that they publicly backed a deal that was obviously hobbling the club. Yet another example of their incompetence.
...yeah obviously it has to be worse than what we have got, obvious innit because we are now such a juicy prize to exploit after 6 years of Sisu.
I personally think that if they managed to get the Ricoh then they would still continue with the team as the two go hand in hand as we can already see. I also think nothing significant is going to happen until the judicial review. I can see this land application process carrying on "conveniantly" until then. One thing that I don't fully understand is this; if they were to win the judicial review how does it improve their chances of acquiring the Ricoh?
I've said many times on here before that we will not see any significant action until the JR has been finalised.
As for the very pessimistic views of the majority on here it surprises me that these views are based solely on the shenanigans of SISU's operations and not so much on the fact we hear almost zilch from the council/ACL? How can you be certain all our problems are fixable by SISU simply departing?
I listened to Labovitch yesterday and while he had some difficulties, his message was never the less clear enough. Believe him or not believe him as you will, but at this stage he is at least making a case to be believed while the Council/ACL are saying nothing.
This has never been about the personalities or a hedge fund or a council acting strangely it has become a straight forward business matter with legal ramifications.
Either way though both these protagonist have failed the football club of this fair City. SISU should never have gone to Sixfield's but I struggle to see what alternatives they had given the legal ramifications. The council and ACL acted without enough considered thought their actions would have and their subsequent 'offers' of rent free periods and the like were designed to soften that previous mistaken judgment in my opinion.
My feelings are that ACL/Council can't win in this situation other than being left with a purpose built stadium and no football club in it. Good luck with that.
Labovitch was correct in so much as we are a big club and a fan base large enough that would be ready and willing to follow the Sky Blues at any stadium in or around Coventry. The franchise is a good valuable ticket. We may complain but we would be there if they came back.
My one concern though is why SISU could not agree to a leasehold of the stadium with all income streams available if that ever got offered? Why so hung up over the freehold? take away the freehold aspect and would the council along with ACL and others finally decide there was a route to satisfy all?
Is it possible if they win the review then the loan from the council to ACL will be reversed, then ACL could be under financial pressure to sell
I listened to Labovitch yesterday and while he had some difficulties, his message was never the less clear enough. Believe him or not believe him as you will, but at this stage he is at least making a case to be believed while the Council/ACL are saying nothing.
Do you not agree that expenditure should be driven down?
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Not sure the cost model of Swansea would ever involve them moving their home games to Cardiff though.Of course, but then the following season you drive costs down by another £1 and with no real loss in revenue. You the. Start to rebuild under a new cost model like Swansea.
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Reducing expenditure is irrelevant to FFP.
Lack of income and the FFP rules will be what destroys us.
It's not irrelevant though is it? Northampton aside.
To be honest I cannot see the FL enforcing FFP on us based on Sixfields turnover having approved the move, as long as we're broadly inline with others in the league and not taking the piss.
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FFP was bought in by FIFA--the FL have to oversee it working. The other teams in our division would rightly
be up in arms if one team was allowed to ignore FFP.
Have our owners done anything other than take the **** since they have been here.
No evidence to suggest this at all. The only clubs who have expressed a view have been very sympathetic to the club - Gillingham and Port Vale. No one would be up in arms -- they understand and sympathise at the abhorrent treatment by the council.
It's not irrelevant though is it? Northampton aside.
To be honest I cannot see the FL enforcing FFP on us based on Sixfields turnover having approved the move, as long as we're broadly inline with others in the league and not taking the piss.
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No evidence to suggest this at all. The only clubs who have expressed a view have been very sympathetic to the club - Gillingham and Port Vale. No one would be up in arms -- they understand and sympathise at the abhorrent treatment by the council.
It's not irrelevant though is it? Northampton aside.
To be honest I cannot see the FL enforcing FFP on us based on Sixfields turnover having approved the move, as long as we're broadly inline with others in the league and not taking the piss.
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FFP was bought in by FIFA--the FL have to oversee it working. The other teams in our division would rightly
be up in arms if one team was allowed to ignore FFP.
Have our owners done anything other than take the **** since they have been here.
Why should they so CCC are solely to blame for this farce are they?
At the moment they have nothing whatsoever to do with the club and have never had anything to do with the running of the club as far as I know.
With our current situation we are going to have the least money in the league but some see us still being promoted fuck me we couldn't get in the top six when we did spend
So sisu win the JR don't see that making the slightest difference just gives them the bragging rights unfortunately they have alienated so many fans that there is now no way back...
Not sure that's right, pretty sure it was Uefa that brought it in but their rules only apply to those in European competition.
IIRC the FL brought in the FFP, voted for by clubs, after research in to the finances of FL clubs not because Uefa were imposing it.
http://www.bbc.co.uk/sport/0/football/17841566
I maintain the view that given the FL sanctioned our move to Sixfields knowing full well it would significantly reduce turnover that they will use their 'discretion' as long as we're not taking the piss.
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Not sure that's right, pretty sure it was Uefa that brought it in but their rules only apply to those in European competition.
IIRC the FL brought in the FFP, voted for by clubs, after research in to the finances of FL clubs not because Uefa were imposing it.
http://www.bbc.co.uk/sport/0/football/17841566
I maintain the view that given the FL sanctioned our move to Sixfields knowing full well it would significantly reduce turnover that they will use their 'discretion' as long as we're not taking the piss.
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So let me think about this one.
The FL sanctioned the move as SISU told them over a year ago that we had nowhere else to play. They got a 400k offer. They wanted the pie money. CCC made more offers. They got offered free this season and 100k the next two with pie money. Only the freehold will do SISU said. This last offer was made to the FL. So I would guess that the FL know about the offer. So which part of having nowhere else to play is true? They will now know that it is the choice of SISU for us to be playing in Northampton. Yet you think that the FL will bend the rules for SISU again?
I keep seeing that some on here think that SISU will win the JR because of unfair competition. Bending the FFP rules for SISU would be unfair competition. They would also leave themselves open to litigation by clubs like Swindon. They bought two players. They couldn't agree a price with the clubs they came from. It was decided for them how much they should pay for these players. It was more than they were offering for them. They could afford to pay.......but it cost them an embargo as it put them over their FFP limit. And that was a club that wasn't skint.
And why wouldn't the other 23 clubs in our division complain if we were allowed to dodge a major rule and give us a major advantage like you have said that the FL will allow?
No they didn't, the pie money wasn't included as part of the deal.
No they didn't, the pie money wasn't included as part of the deal.
The reason is we will get some level of leniency IMO is that unlike Swindon we're continually reducing our wage bills/spending thus showing willing, and 2) they sanctioned the move.
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Are you sure? What were ACL talking about when they were saying the club could have their share (70 something % I think) and arrange a meeting with Compass to discuss access to their share?
No, that was part f the £400k deal and it was to cross invoice so that it could be used for FFP. In the Nii Lamptey show after interviewing members of the ACL board they said that it wasn't included with the the latest rent offer.
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