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Gary Hoffman on the phone in.... (1 Viewer)

  • Thread starter Alan Dugdales Moustache
  • Start date Apr 21, 2017
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Flying Fokker

Well-Known Member
  • Apr 21, 2017
  • #36
st john said:
1.2M up front + 50% of all transfer fees over the next 3 years + money for each promotion (1M + 2M = 7M ??)
+ offer of money for Ryton (think 2M was mentioned)
Not sure all the amounts are accurately remembered
Click to expand...
splitting transfer profits and also on any sale of ryton.
 

SkyBlueRuffian

Well-Known Member
  • Apr 21, 2017
  • #37
AJB1983 said:
I like how SISU want a plan, proof of funds and transparency over who the investors are.... pots and kettles.
Click to expand...
Hoffman said that Seppala has been given all these details, so more bull-shit from the SISU camp
 

Skyblueweeman

Well-Known Member
  • Apr 21, 2017
  • #38
ccfc92 said:
What kind of Psycho has dinner on a Friday night at 7pm?

Kebab at 2am after lots of beers like a normal person!
Click to expand...

When you reach our age pal, you'll be one of those psychos. I remember when I was 25...great days.

I'm quite jealous. Off to make a cup of tea before bed at 9pm.
 
Reactions: MusicDating and ccfc92

sw88

Chief Commentator!
  • Apr 21, 2017
  • #39
ajsccfc said:
Dream scenario: they accept a third bid, for the next three years we don't sell a single player. Anyone leaving goes for free out of spite.
Click to expand...

Which is possibly SISU's thinking also. Who knows!

No transfer money (50% of 0 = 0), and premiership within 7 years, it's all based on hope. Pretty sure even SISU would want more concrete conditions?

Might look a good deal to us on paper but realistically I can see why SISU have said no thanks.

It is nice that a cov fan is trying, just a shame it's the same fan who has tried before and failed every time.

Then again, if any fan was to have a chance of taking over, it'd be him!
 

SkyBlueRuffian

Well-Known Member
  • Apr 21, 2017
  • #40
Coventry City owners Sisu reject second consortium bid that could be worth £10m
 

oucho

Well-Known Member
  • Apr 21, 2017
  • #41
CCFC54321 said:
Les's career will stall/ stop very soon as he will/ has a reputation that isn't that good in the public world since the tail end of his time at the telegraph. It comes across in his articles what camp he sits. That's not professional journalism in my eyes.
Click to expand...
I agree. As far as i know he might be a great bloke, mates of mine do vouch for him and tell me he has genuine reasons for whatever grievances he holds. However IMO he is not conducting himself well in all this. He comes across as bitter, vindictive and gleeful in his status as antogonist in chief against Sisu's victims.
 
Reactions: Houdi

SkyBlueRuffian

Well-Known Member
  • Apr 21, 2017
  • #42
Hoffman speaking on the radio soon shut Les Reid up on twitter. He was posting all his so called exclusives about what the deal involved, but all he revealed was the snippets that SISU had given him.
Hoffman phoned in and revealed the whole offer because of the above, then Reid goes missing off twitter. The man has been shown up for what he is.

Oh and keeps blocking people who have outed him. Total nob jockey.
 
Reactions: singers_pore, dongonzalos, martcov and 4 others

eastwoodsdustman

Well-Known Member
  • Apr 21, 2017
  • #43
ajsccfc said:
Dream scenario: they accept a third bid, for the next three years we don't sell a single player. Anyone leaving goes for free out of spite.
Click to expand...
Think you'll find they'll be undisclosed.
 

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #44
st john said:
1.2M up front + 50% of all transfer fees over the next 3 years + money for each promotion (1M + 2M = 7M ??)
+ offer of money for Ryton (think 2M was mentioned)
Not sure all the amounts are accurately remembered
Click to expand...
Would love to see this as a positive and a sign that a decent offer that could be accepted is likely but this doesn't seem to be it. I can't see SISU living on the promise of some money down the line if things go well. They know from the last 10 years how that plan can work out. Reckon they will want the majority, if not all, up front.

Also a bit worrying as it gives the impression Hoffman and his consortium don't have enough money themselves to cover a takeover. What happens when the club needs money to keep running day to day?

We're struggling to break even and put a decent team on the pitch as it is, giving away 50% of transfer income over the next 3 seasons and selling Ryton would put a serious strain on the finances. Did he cover how the club would function with the loss of transfer income and what we would do for a training ground?
 
Reactions: Deleted member 5849 and torchomatic

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #45
SkyBlueRuffian said:
Hoffman said that Seppala has been given all these details, so more bull-shit from the SISU camp
Click to expand...
Some good news at last. Who did he say were the other investors?
 

eastwoodsdustman

Well-Known Member
  • Apr 21, 2017
  • #46
chiefdave said:
Some good news at last. Who did he say were the other investors?
Click to expand...
He didnt. Apparently the other investors dont know who each of them is. Hoffman has gone up in my estimation after listening to him tonight.
 
Reactions: I was eleven in 87, dongonzalos, Sky Blue Dal and 3 others

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #47
eastwoodsdustman said:
He didnt. Apparently the other investors dont know who each of them is. Hoffman has gone up in my estimation after listening to him tonight.
Click to expand...
Is he starting up his own hedge fund :greedy:
 

stevefloyd

Well-Known Member
  • Apr 21, 2017
  • #48
Thing is I believe that his 2nd offer is a little over 1 million pounds and Shitsu get that and more every year on interest so I think he has to come up with a more cunning plan to tempt the locusts
 
Reactions: Westendlad

stupot07

Well-Known Member
  • Apr 21, 2017
  • #49
Looks a good offer on paper but is largely made up of getting to the PL which is a mere pipe dream, so really you may as well ignore that £7m. I'm also concerned about 50% of future transfer fees and the ryton part.

Sent from my SM-G930F using Tapatalk
 

GaryPendrysEyes

Well-Known Member
  • Apr 21, 2017
  • #50
Sisu have to accept the market price for a Div 4 club. They wont get a lot of money upfront because a Div 4 team isnt worth a lot of money!
They have to accept a modest upfront bid and a (generous) offer around others doing what they couldnt- progressing the club and building revenues.
 
Reactions: colin101, Sky Blue Dal, Chip Batch and 1 other person

stupot07

Well-Known Member
  • Apr 21, 2017
  • #51
GaryPendrysEyes said:
Sisu have to accept the market price for a Div 4 club. They wont get a lot of money upfront because a Div 4 team isnt worth a lot of money!
They have to accept a modest upfront bid and a (generous) offer around others doing what they couldnt- progressing the club and building revenues.
Click to expand...
But that's the point, we're now 'breakeven' sisu don't have to accept anything.

Sent from my SM-G930F using Tapatalk
 
Reactions: Somerset Sky Blue, torchomatic and martcov

Hobo

Well-Known Member
  • Apr 21, 2017
  • #52
Grendel said:
Anyone in particular?
Click to expand...

I am always ready to applaud your next back flip.
 

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #53
GaryPendrysEyes said:
Sisu have to accept the market price for a Div 4 club.
Click to expand...
Isn't the point that they don't have to accept anything they don't want to so any offer will need to be attractive to them?
 
Reactions: Somerset Sky Blue

ccfcway

Well-Known Member
  • Apr 21, 2017
  • #54
Hoffman "we are offering to pay more than they paid (£1). It cant possibly worth more now than it was when they bought it"
 
Reactions: Danceswithhorses, Bello and Sky Blue Pete

Hobo

Well-Known Member
  • Apr 21, 2017
  • #55
sw88 said:
Which is possibly SISU's thinking also. Who knows!

No transfer money (50% of 0 = 0), and premiership within 7 years, it's all based on hope. Pretty sure even SISU would want more concrete conditions?

Might look a good deal to us on paper but realistically I can see why SISU have said no thanks.

It is nice that a cov fan is trying, just a shame it's the same fan who has tried before and failed every time.

Then again, if any fan was to have a chance of taking over, it'd be him!
Click to expand...

Yes seems a bit of an odd structure. I would expect a bit more up front and less add ons. It makes me worry about how much or little money they have. If it's the latter they are weakening potentially what are already weak revenue streams.

For me its not just what deal they have offered but how the envisage running the club. I accept that might have to be revealed after the deal is done.
 
Last edited: Apr 21, 2017
R

rupert_bear

Well-Known Member
  • Apr 21, 2017
  • #56
stupot07 said:
Looks a good offer on paper but is largely made up of getting to the PL which is a mere pipe dream.

Sent from my SM-G930F using Tapatalk
Click to expand...
Premier league was a pipe dream four or five tears ago for Brighton, Southampton and reigning champions Leicester too !
 

GaryPendrysEyes

Well-Known Member
  • Apr 21, 2017
  • #57
stupot07 said:
But that's the point, we're now 'breakeven' sisu don't have to accept anything.

Sent from my SM-G930F using Tapatalk
Click to expand...

I dont accept that is their real strategy, it's their fall back position if they cant sell.. They want to offload this business and PR disaster. They are haggling, fans need to back the bid and pressure Sisu into selling. (for instance by increased threats of Season ticket boycott).
 
Reactions: Bello

Hobo

Well-Known Member
  • Apr 21, 2017
  • #58
ccfcway said:
Hoffman "we are offering to pay more than they paid (£1). It cant possibly worth more now than it was when they bought it"
Click to expand...

Surely you can't just look at the price, you have to look at the whole structure of any deal and the circumstances at the time. SISU have financially parked the club....so can demand more than £1.OO
 

stupot07

Well-Known Member
  • Apr 21, 2017
  • #59
rupert_bear said:
Premier league was a pipe dream four or five tears ago for Brighton, Southampton and reigning champions Leicester too !
Click to expand...
And all 3 spent extortionate amounts of money getting there. Has Hoffman and his local businessmen colleagues got £50-100m+ to spend on climbing the leagues?



Sent from my SM-G930F using Tapatalk
 
T

Travs

Well-Known Member
  • Apr 21, 2017
  • #60
stupot07 said:
Looks a good offer on paper but is largely made up of getting to the PL which is a mere pipe dream, so really you may as well ignore that £7m. I'm also concerned about 50% of future transfer fees and the ryton part.

Sent from my SM-G930F using Tapatalk
Click to expand...

Correct. Seriously the chances of us returning to the Premier League in the next generation are, whilst not impossible, pretty slim. If SISU are (rightly) carrying the can for the last ten years, then surely any new owners carry that responsibility going forward, and any offer should not tie in SISU's interest in our future performance, it should be a clean break...?
 

ccfcway

Well-Known Member
  • Apr 21, 2017
  • #61
Hobo said:
Surely you can't just look at the price, you have to look at the whole structure of any deal and the circumstances at the time. SISU have financially parked the club....so can demand more than £1.OO
Click to expand...

Complete agree they have parked the club. Running it at break even means they can do what they want with it.

As income decreases and fan interest decreases, there has to become a point where the club becomes a waste of time to them.

I assume this will be after the result of JR2 ?
 
R

rupert_bear

Well-Known Member
  • Apr 21, 2017
  • #62
It may seem sisu have "parked" the bus but time isn't on their side, there's the ground issue. It's the EFL agm in May and the question of where we play our home games will be asked and answers required. If the threat of expulsion in 12 months is threatened that could reduce the ccfc value at a stroke
 

mark82

Super Moderator
  • Apr 21, 2017
  • #63
GaryPendrysEyes said:
Sisu have to accept the market price for a Div 4 club. They wont get a lot of money upfront because a Div 4 team isnt worth a lot of money!
They have to accept a modest upfront bid and a (generous) offer around others doing what they couldnt- progressing the club and building revenues.
Click to expand...

The problem is they don't have to do anything. If they don't want to sell then they won't sell.
 
Reactions: smileycov

Alan Dugdales Moustache

Well-Known Member
  • Apr 21, 2017
  • #64
Is it possible SISU still really believe they have a slight chance of getting the Ricoh ? I can't think of any other reason to stay.
 

Sky Blue Pete

Well-Known Member
  • Apr 21, 2017
  • #65
Bang on. If they paid a £1 it's worth nowhere near as much
 

Westendlad

Well-Known Member
  • Apr 21, 2017
  • #66
Alan Dugdales Moustache said:
Is it possible SISU still really believe they have a slight chance of getting the Ricoh ? I can't think of any other reason to stay.
Click to expand...
Nah.......I reckon joy is a sunderland fan and wants revenge...
 
R

rupert_bear

Well-Known Member
  • Apr 21, 2017
  • #67
stupot07 said:
And all 3 spent extortionate amounts of money getting there. Has Hoffman and his local businessmen colleagues got £50-100m+ to spend on climbing the leagues?



Sent from my SM-G930F using Tapatalk
Click to expand...
But they got there and two of them have got into European competition. I don't expect Hoffman and his crew to bung that amount of dosh even if they had it but all I was doing was illustrating teams at their lowest ebb not that long ago have achieved the Premiership dream.
 

SkyBlueRuffian

Well-Known Member
  • Apr 21, 2017
  • #68
mark82 said:
The problem is they don't have to do anything. If they don't want to sell then they won't sell.
Click to expand...
Everyone has a price and I'm sure SISU's investors do too.
 

SkyBlueRuffian

Well-Known Member
  • Apr 21, 2017
  • #69
chiefdave said:
Some good news at last. Who did he say were the other investors?
Click to expand...
Hoffman said he has told SEPPALA that he is willing to provide evidence of all funds and investors.

7 investors in total

Oh and he said they do not want to sell the training ground but had to include it in the offer because it is an asset.
 

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #70
SkyBlueRuffian said:
Oh and he said they do not want to sell the training ground but had to include it in the offer because it is an asset.
Click to expand...
That doesn't make any sense. Just pay them the value. Another indication that the consortium are short on funds.
 
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