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"Coventry City owners lead club to Northampton and towards the abyss" (4 Viewers)

  • Thread starter MichaelCCFC
  • Start date Dec 2, 2013
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A

Ashdown1

New Member
  • Dec 2, 2013
  • #71
'Sometime in the future'..................and thereby forms a huge part of SISU's strategy. It's a war of attrition they are creating in the hope that one side crumbles and gives in !
 

bigfatronssba

Well-Known Member
  • Dec 2, 2013
  • #72
Ashdown1 said:
'Sometime in the future'..................and thereby forms a huge part of SISU's strategy. It's a war of attrition they are creating in the hope that one side crumbles and gives in !
Click to expand...

Well I think they'll be waiting a while. Nearly two years since acl last had a rental payment, yet they seem to be getting along ok.
 

hill83

Well-Known Member
  • Dec 2, 2013
  • #73
Nick said:
Yes, to which we replied that we were talking about the whole article not just one pararaph. Some bits are very true but others might not be.
Click to expand...

He's just picking one bit, which to be fair isn't totally incorrect, to create an argument he can win. Leave him to it. Keep it about the whole article not one cherry picked bit. We can all do that and it's pointless.
 

lordsummerisle

Well-Known Member
  • Dec 2, 2013
  • #74
bigfatronssba said:
Well I think they'll be waiting a while. Nearly two years since acl last had a rental payment, yet they seem to be getting along ok.
Click to expand...

Yeah, It's almost like they didn't need the money really.
 

bigfatronssba

Well-Known Member
  • Dec 2, 2013
  • #75
lordsummerisle said:
Yeah, It's almost like they didn't need the money really.
Click to expand...

No it means their a well run business.
 

bigfatronssba

Well-Known Member
  • Dec 2, 2013
  • #76
Nick, covmark, robbo.

After your comments today, I trust you will be after Led Reids blood next time he produces a one sided and inaccurate article?
 

Nick

Administrator
  • Dec 2, 2013
  • #77
bigfatronssba said:
Nick, covmark, robbo.

After your comments today, I trust you will be after Led Reids blood next time he produces a one sided and inaccurate article?
Click to expand...

I haven't said it was one sided, I have just said that not all facts are correct (unless there are things we don't know). I am not after any blood?
 

DazzleTommyDazzle

Well-Known Member
  • Dec 2, 2013
  • #78
A question that I have posed a number of times, but have yet to receive an answer -

If SISU believe that the 32,000 seater Ricoh is not worth very much - the article suggests ML sees the value at circa £4m - why would they ever consider building a much smaller stadium for a cost of around £25m?
 
V

valiant15

New Member
  • Dec 2, 2013
  • #79
I see the sisu rent boys are out again.
 
R

RoboCCFC90

Well-Known Member
  • Dec 2, 2013
  • #80
bigfatronssba said:
Nick, covmark, robbo.

After your comments today, I trust you will be after Led Reids blood next time he produces a one sided and inaccurate article?
Click to expand...

If Les Reid facts are inaccurate I will look to balance the arguement, however I never said that it was on sided I just pointed out comments that I believed were an inaccurate version of the true facts after which I have had further clarification.
 

Nick

Administrator
  • Dec 2, 2013
  • #81
DazzleTommyDazzle said:
A question that I have posed a number of times, but have yet to receive an answer -

If SISU believe that the 32,000 seater Ricoh is not worth very much - the article suggests ML sees the value at circa £4m - why would they ever consider building a much smaller stadium for a cost of around £25m?
Click to expand...

He has said that ML has told the Guardian but didn't really go into it much unless he has past articles?
 
R

RoboCCFC90

Well-Known Member
  • Dec 2, 2013
  • #82
DazzleTommyDazzle said:
A question that I have posed a number of times, but have yet to receive an answer -

If SISU believe that the 32,000 seater Ricoh is not worth very much - the article suggests ML sees the value at circa £4m - why would they ever consider building a much smaller stadium for a cost of around £25m?
Click to expand...

Obviously the Council don't believe that £4m is a good enough value for the Freehold, the only reason they would consider it I would imagine is because the council's valuation is more than the £25m they are willing to pay out for a new stadium that they'd build themselves.
 

hill83

Well-Known Member
  • Dec 2, 2013
  • #83
valiant15 said:
I see the sisu rent boys are out again.
Click to expand...

Here he is. How is your first day of your week off?
 

tisza

Well-Known Member
  • Dec 2, 2013
  • #84
Doesn't it all come down to the point that both sides have their version of events - whose is correct we are no closer to knowing.
 
R

RoboCCFC90

Well-Known Member
  • Dec 2, 2013
  • #85
valiant15 said:
I see the sisu rent boys are out again.
Click to expand...

I laugh every time I see this term used.

Let me make something clear to you Valiant, Sisu and Rent are not two things that over the last couple of years that have gone together in tandem, so if that's your insult it's not very well thought of.
 

oldskyblue58

CCFC Finance Director
  • Dec 2, 2013
  • #86
I suspect the reason that values of 3m or 4m are propagated is because it paints a picture of a failing business, an operation that is in trouble and needs to be bailed out hard talking focussed financial people.

It doesnt actually have to be about reality

Others of course are just simply confused as to who valuations are done for, the purpose of those valuations, what is being valued and when .....
 
W

wingy

Well-Known Member
  • Dec 2, 2013
  • #87
RoboCCFC90 said:
Obviously the Council don't believe that £4m is a good enough value for the Freehold, the only reason they would consider it I would imagine is because the council's valuation is more than the £25m they are willing to pay out for a new stadium that they'd build themselves.
Click to expand...

Given that after all associated expense re. Site. The actual cost of Stadium construction would come in circa£40M. The sale of the ground only could fall somewhere between £30-40M with a little good will
That way Sisu would have something Tangible for the amount blown on HF2 while potentially retaining some form of fanbase
Personally I'd rather see the fans own It for future security
 
R

RoboCCFC90

Well-Known Member
  • Dec 2, 2013
  • #88
wingy said:
Given that after all associated expense re. Site. The actual cost of Stadium construction would come in circa£40M. The sale of the ground only could fall somewhere between £30-40M with a little good will
That way Sisu would have something Tangible for the amount blown on HF2 while potentially retaining some form of fanbase
Personally I'd rather see the fans own It for future security
Click to expand...

Excactly. Sisu won't buy a stadium if they can get one cheaper, but they wouldn't build if they could find a cheaper and worthy alternative.

To help negotiations it might be helpful if Sisu win the JR.
 
S

Snozz_is_god

New Member
  • Dec 2, 2013
  • #89
MichaelCCFC said:
Hard pressed to think of a better report on ccfc - http://www.theguardian.com/football...owners-northampton-league-one-sisu?CMP=twt_gu
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This is one of the most accurate and honest reports into the situation I have read from a national.

If Les Reid had been reporting this instead of sucking up to Joy, far more people would be able to make a informed decision into exactly who is to blame.

Well done David Conn of the Guardian.
 
S

Snozz_is_god

New Member
  • Dec 2, 2013
  • #90
covmark said:
Extremely one sided, could've.been written by one of the sisu bashers on here.
Click to expand...
Extremely accurate
 

tisza

Well-Known Member
  • Dec 2, 2013
  • #91
wingy said:
Given that after all associated expense re. Site. The actual cost of Stadium construction would come in circa£40M. The sale of the ground only could fall somewhere between £30-40M with a little good will
That way Sisu would have something Tangible for the amount blown on HF2 while potentially retaining some form of fanbase
Personally I'd rather see the fans own It for future security
Click to expand...


Seeing as SISU didn't want supporters to retain even a small stake in the club through their "compulsory" share purchase I doubt they'd be keen on any part fan ownership of a stadium.
One of the most common themes around the original takeover was that SISU's "investment rules" meant that they had to own 100% of any investment.
 
V

valiant15

New Member
  • Dec 2, 2013
  • #92
hill83 said:
Here he is. How is your first day of your week off?
Click to expand...

Ive been sobering up after last night, on it again now though

I was gonna message you and ask if you fancied a few in the city arms but i don't think you'd keep up mate :-D
 

hill83

Well-Known Member
  • Dec 2, 2013
  • #93
valiant15 said:
Ive been sobering up after last night, on it again now though

I was gonna message you and ask if you fancied a few in the city arms but i don't think you'd keep up mate :-D
Click to expand...

There's a good chance I'll be in there later actually.
 

skybluetony176

Well-Known Member
  • Dec 2, 2013
  • #94
oldskyblue58 said:
Lets be clear that CCFC were repaid all but 308k of their net investment in the Arena project. In being so paid they deposited not only the monies spent and shown as assets but also all the associated debts into the arena project. If this had not happened then we would not be having this conversation because the club would have been liquidated in all likelyhood. Considering the distressed state of CCFC at the time they did well not to lose far more than £308k on the deal that was done 19/12/03

CCFC H Ltd had the option to purchase the site of the stadium and never exercised that option (it lapsed before 31/05/02). CCFC at no time ever owned the site. The council acquired the title to the site after the CCFC option on it failed. CCFC didnt have the money to purchase it.

Having gained the title to the site the council sold part of it to Tesco. They could only do that because they had title to it. Therefore any profit or funds from the deal belonged legitimately to CCC. Those funds were then invested in the build, together with £10m of council money and various grants etc. put the initial CCC investment at over 70m (nearly 80m when you factor in the interest received that was involved and the contribution recieved from selling rights to the casino build)

Talk that the council paid £10m are wrong or that there should be some inclusion of CCFC's contribution, the most it could have been was 308k


Talk of 4m for the site frankly looks a little silly ..........
Click to expand...

can you stop reporting facts please OSB, you're making some people look silly.
 
R

RPHunt

New Member
  • Dec 2, 2013
  • #95
An interesting follow up by David Conn that reiterates his claim about the rent free offer:

"Thanks for the kind words Houch87. However, on your list of points, where you say ACL never offered a rent-free deal; they have within the last few weeks, an offer made and communicated via the Football League which was trying to see if a deal could be done. Sisu rejected that offer, to return the club to the Ricoh Arena rent-free."

 

hill83

Well-Known Member
  • Dec 2, 2013
  • #96
skybluetony176 said:
can you stop reporting facts please OSB, you're making some people look silly.
Click to expand...

Don't try and join in with OSB just to make yourself look clever. You're fooling no one. (wink etc)
 
R

RPHunt

New Member
  • Dec 2, 2013
  • #97
If this comment on the Guardian article is anything to go by, then the next demo against the council is going to be even more sparsely attended than the last:

SkyBlueSpot wrote:

"A very enlightening read. Until I read it I thought that my local council and the owners of the Arena were entirely to blame for the debacle. This was based on reports in my local newspaper. I joined a protest movement against them and even took part in an anti-Coventry Council demonstration. I can now see that the fault lies squarely with the other side and pardon the pun, I feel I was totally conned. Serious questions need to be asked of the Football League to ascertain how they have concluded that Sisu are "fit and proper" to run CCFC and what proof they have that Sisu will indeed build a new stadium. It is very hard for someone like me who backed Sisu to read that they have refused a rent-free deal to bring the club back to Coventry while negotiations take place. It is a very sad indictment of modern football. Thank you for highlighting the truth of the situation."
 
S

Spionkop

New Member
  • Dec 2, 2013
  • #98
The Guardian have it right.
 

covmark

Well-Known Member
  • Dec 2, 2013
  • #99
skybluetony176 said:
can you stop reporting facts please OSB, you're making some people look silly.
Click to expand...
when you've removed yourself from osb's arse maybe you'd like to post some of your own facts.
 

oldskyblue58

CCFC Finance Director
  • Dec 2, 2013
  • #100
RPHunt said:
An interesting follow up by David Conn that reiterates his claim about the rent free offer:

"Thanks for the kind words Houch87. However, on your list of points, where you say ACL never offered a rent-free deal; they have within the last few weeks, an offer made and communicated via the Football League which was trying to see if a deal could be done. Sisu rejected that offer, to return the club to the Ricoh Arena rent-free."

Click to expand...

would love to see how Fisher, Labovitch, Seppala etc explain that away.............. and how staying at Sixfields makes clear sense for CCFC in those circumstances

Also interested to know how the FL see things following that ............
 

skybluetony176

Well-Known Member
  • Dec 2, 2013
  • #101
hill83 said:
Don't try and join in with OSB just to make yourself look clever. You're fooling no one. (wink etc)
Click to expand...

i'm a dumb ass, i admit that. but i know when i'm being fucked and sh1tsu don't even have decency to kiss me while they do it, i like to be kissed while i'm being fucked.

:blue:
 
V

valiant15

New Member
  • Dec 2, 2013
  • #102
hill83 said:
There's a good chance I'll be in there later actually.
Click to expand...
We'll have a beer one day. I reckon you'd be a good laugh on the sesh.
 

skybluetony176

Well-Known Member
  • Dec 2, 2013
  • #103
oldskyblue58 said:
would love to see how Fisher, Labovitch, Seppala etc explain that away.............. and how staying at Sixfields makes clear sense for CCFC in those circumstances

Also interested to know how the FL see things following that ............
Click to expand...

i wouldn't mind it if the FL could confirm or deny this. and if they do confirm this why are they not enforcing their rules as its clear that a ground share is not required as we are not homeless.
 

lordsummerisle

Well-Known Member
  • Dec 2, 2013
  • #104
RPHunt said:
An interesting follow up by David Conn that reiterates his claim about the rent free offer:

"Thanks for the kind words Houch87. However, on your list of points, where you say ACL never offered a rent-free deal; they have within the last few weeks, an offer made and communicated via the Football League which was trying to see if a deal could be done. Sisu rejected that offer, to return the club to the Ricoh Arena rent-free."

Click to expand...

Really surprised that Weber Shandwick haven't been shouting this from the rooftops to be honest, would make Sisu look very silly if true.

For once would welcome some statements from both ACL and Sisu on this.
 
T

turlykerd

New Member
  • Dec 2, 2013
  • #105
After reading this article the only fact I conclude is the club I've grown up with, love to death and is in my soul , is a fuckin car crash

and to be clear .....

SISU IS TO BLAME !!
 
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