Coventry fans' misery as owners run out of options (1 Viewer)

Lovely. Another depressing article.

Nothing new in this article. Another depressing story and lets move on.

Lets only mention positive articles...oh, hold on

Plenty on here wallow in this regurgitated shite.

fernandopartridge said:

Plenty on here wallow in this regurgitated shite.

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Isn't the media highlighting our plight a good thing?

MusicDating said:

Isn't the media highlighting our plight a good thing?

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Who is it being highlighted to?

fernandopartridge said:

Who is it being highlighted to?

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A wider football audience who think we're playing at Northampton because we can't afford the rent?

MusicDating said:

A wider football audience who think we're playing at Northampton because we can't afford the rent?

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Oh right. That's good then.

This is the article from WHEN SATURDAY COMES

Coventry fans' misery as owners run out of options

No end in sight for long-running dispute

6 July ~ A year has passed since the Football League sanctioned Coventry City's relocation to Sixfields in Northampton following a bitter commercial dispute between the club's owners, the hedge fund Sisu, and ACL, the company representing Ricoh Arena owners Coventry City Council and the the Alan Edward Higgs Charity. Coventry supporters hoped that June's long-awaited judicial review to determine the legality of a £14.4 million loan from the Council to ACL might signal a turning point in the dispute, but Judge Hickinbottom's conclusion appears to suggest otherwise.

He took less than a minute to deliver his verdict that Sisu's claim had been unsuccessful, and while some saw this as a victory for morals in the face of the club's decision to break a contractual rental agreement, it has done little to further the process of reconciliation.

The rhetoric emanating from Sisu in the build-up to the case was bullish, with many assuming from the relentlessness with which they pursued the case that they possessed a trump card. The verdict, though, suggests that their seemingly irrational decision-making has not been informed by anything game-changing or revelatory – just a simple and long-standing desire to salvage some profit from the club at any cost.

CCFC chief executive Tim Fisher responded by maintaining that the judge's conclusion was incorrect ("We believe [the loan] is wrong in law and in fact"), laying the groundwork for an appeal that seems highly unlikely to yield Sisu's desired outcome but which will surely prolong fans' misery.

The news that the club have also dismissed an offer from fan group Keep Cov in Cov to pay the rent required to return the club to the Ricoh Arena for the next three years "at no financial risk" appears to have left Sisu increasingly isolated. Fisher again asserted that "Plan A" remains building a new stadium in "the Coventry area", but few are convinced of his sincerity – not least because the plan seems to lack any serious credibility. Promises have been made for months about the release of information regarding potential sites but there is little to suggest that this is a viable way forward.

Sisu therefore find themselves running out of options. Assuming that any appeal against the judicial review is unsuccessful, the hedge fund are no closer to acquiring the Ricoh Arena than when they placed the club's holding company into administration in March 2013. And while the owners procrastinate and leave the club in a state of limbo, the rot is becoming further entrenched. They have always maintained that they will cover losses while the club play at Sixfields with negligible income, but the departures of the likes of Blair Adams and Mark Marshall to League One rivals suggest an inability to compete financially.

While some supporters were willing to give Sisu the benefit of the doubt in the hope that the judicial review might facilitate a resolution, there is now a strong feeling that they have wasted months on a pipe dream, further weakening the club's position in doing so. It is time for the Football League to re-evaluate the basis on which they granted the club permission to relocate temporarily to Northampton while the damage already inflicted remains reversible.

Tom Furnival-Adams

A good article that puts pressure on the powers that be to look again at what is happening at CCFC. The day we want these pieces shoved under the carpet is they day we lose hope and the day we come to accept the status quo. More articles of the same please. One day somebody out there will see our plight. It cant be fair it cant be right to go through this shit!

We do have what I believe is a reasoned and dispassionate document that analyses our position, namely the findings of the Judicial Review. Granted it is a bit lengthy but I would like to think that if any official of another team's fan club reads it the support from the rest of the football community can only be strengthened.

What is the fucking point of these stupid articles. No one probably reads them and all they do is explain the facking obvious.

Only my opinion but this won't put any additional pressure on the FL or SISU.

Buster said:

A good article that puts pressure on the powers that be to look again at what is happening at CCFC. The day we want these pieces shoved under the carpet is they day we lose hope and the day we come to accept the status quo. More articles of the same please. One day somebody out there will see our plight. It cant be fair it cant be right to go through this shit!

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torchomatic said:

Only my opinion but this won't put any additional pressure on the FL or SISU.

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why not?

fernandopartridge said:

Lovely. Another depressing article.

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Perhaps because it is the reality of the situation we are in.

Buster said:

why not?

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Because this is the zillionth article that says the same thing. Readers will tut and think what a shame it is for5 minutes and then get on with their lives.

Hobo said:

Perhaps because it is the reality of the situation we are in.

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Just waiting for 'a prism of measured time' to rehash the same points for a full suit.

fernandopartridge said:

Just waiting for 'a prism of measured time' to rehash the same points for a full suit.

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Complete with "brilliant article, surely that will finally make the FL act...." comments.

Gint11 said:

What is the fucking point of these stupid articles. No one probably reads them and all they do is explain the facking obvious.

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Obvious to who ? To us yes. I dont think that we are the intended end reader , its just been flaged up on our website . If you dont want to explain the facking obvious it perhaps wouldnt be a very good idea to go on the march

ITT: people not understanding the entire media is not for the consumption of CCFC fans.

Still at least FP and Torch got to look down on other fans, so it's not a complete loss.

Stop being a baby. I'm not doing that at all. Just saying I don't think it will add anymore pressure on the parties involved.

shmmeee said:

ITT: people not understanding the entire media is not for the consumption of CCFC fans.

Still at least FP and Torch got to look down on other fans, so it's not a complete loss.

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shmmeee said:

ITT: people not understanding the entire media is not for the consumption of CCFC fans.

Still at least FP and Torch got to look down on other fans, so it's not a complete loss.

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Yep. What a great summary by schmmeee. If that don't make the powers that be aware of fp's wrong doings I don't know what will.

I think it's rather arrogant of some posters to assume that because they know all about the situation then everyone else does.

There's plenty of football fans out there that still aren't aware of all the facts, and they need to know.

bigfatronssba said:

I think it's rather arrogant of some posters to assume that because they know all about the situation then everyone else does.

There's plenty of football fans out there that still aren't aware of all the facts, and they need to know.

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Agree
I would say the majority of fans away from our club have a very limited understanding of what has happened and why.

Hobo said:

Agree
I would say the majority of fans away from our club have a very limited understanding of what has happened and why.

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If this had happened to Gillingham what would you and Ron do about it?

Agree there's nothing wrong informing the wider world. My point was I don't think it will make the slightest difference to the FL or SISU.

I would still think most of the football community knows the score.

bigfatronssba said:

I think it's rather arrogant of some posters to assume that because they know all about the situation then everyone else does.

There's plenty of football fans out there that still aren't aware of all the facts, and they need to know.

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Maybe start an 80 page thread such as the Portsmouth one saying "it's all their own fault"?

Grendel said:

If this had happened to Gillingham what would you and Ron do about it?

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Grendel said:

If this had happened to Gillingham what would you and Ron do about it?

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Take note of what happened, then if my own club decided to sell off its ground without funding in place I would protest as I could see what the outcome would be.

Equally if I seen an incompetent hedge fund trying to take over my club I would badger the FL to change its rules over who it issues golden shares to, quoting Gillingham as an example.

Buster said:

Obvious to who ? To us yes. I dont think that we are the intended end reader , its just been flaged up on our website . If you dont want to explain the facking obvious it perhaps wouldnt be a very good idea to go on the march

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How do you know I'm not going on the march?

bigfatronssba said:

I think it's rather arrogant of some posters to assume that because they know all about the situation then everyone else does.

There's plenty of football fans out there that still aren't aware of all the facts, and they need to know.

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There is nothing arrogant about my point of view on this. Just bored of seeing these articles that repeat themselves generally.

Grendel said:

If this had happened to Gillingham what would you and Ron do about it?

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If I knew about it I would at least sign their on line petitions. But we have to accept the vast majority won't want to know because it doesn't affect them directly. That is human nature.

However a few at every club could make a difference, you never know!