Interesting thing is that why should we pay rent for a football stadium where there will be no football played for about 3 months in pre-season?
Good post, well thought out.
I think if joy walks away her job at SISU will be gone aswell.
She needs to come out with something from this, so she can say look since I got personally hands on I have achieved a b c
You were due to lose this, now you are only losing this.
Question is how does she do it?
If a council tax payer didn't pay their council tax for 3 months straight, I'm pretty sure the council would have commenced a recovery procedure by now! So why won't they do this to force the clubs hand?
Oh, and Hoffman won't appear again until the transfer window opens. That way he can come out in the press's again giving fans false hope about a take over, and make promises he cannot commit to!
Job?? She's the main shareholder in SISU.
She is founder, CEO and a director.
CEO and director are jobs.
So she'll sack herself?
Is she the entire board?
Dermot Coleman is co founder partner and director. She can be ousted
A lot rests on this one for her as she has taken personal ownership of the issue to come in and save the day.
She is not going to walk away without been able to say she has done something.
Otherwise who will invest in SISU in the future.
If she messes this up and SISU are to survive as a company. It will need to blame her and get rid, so people will still invest in SISU. She will either have to be bought out, ousted, step down with big pay off. Or the most ironic of which SISU get dissolved
I cant see liquidation being an option for SISU or ARVO. The only way they can recoup any of their investment, which I do not believe is anywhere near what they are saying, is by selling or achieving promotion. As we are under a transfer embargo with less players than last season the second option, unless you believe in miracles wont happen so DONGONZALOS the only way I can see them leaving is through a sale. The club on paper on its own as we have all said is not an attractive option unless the stadium and all its income are included. SISU are desperately trying to get the stadium income on their terms to make that sale a more attractive package for any one who is interested. Our current owners can not afford to let the club slip any further as it is an integral part of the franchise, to use the American term. If Sisu remain in charge they can only attract investment or buyers in the states if their is a team with their franchise, no team and its just a building at the end of the day. We are in the end game but it is going to be protracted, SISU have a track record for hard bargaining but their up against British law in their negotiations with the Higgs and the Council, and its not a battle they can win. They have had their hands burnt big style on this investment and are in a corner having to fight off the back foot, they can not extracate themselves from this with out more financial pain as their is a set formulae that they have to use when disscusing the purchase of the Ricoh. For me the crux of it will come down to wether the financial pain of purchasing the Ground share to make us more saleable is worth the return you would get for the club on its own or as a package. I just hope Joy Sepalla can accept defeat and move on without throwing her teddies out the pram, sometimes you do loose in business. Their will be other buyers out their that are willing to buy the Higgs charity out and see it as a long term investment now it is common knowledge they want to sell, its accepted that the clubs future has to be safe guarded in these negotiations. If any person wants both parts SISU unfortunately dont have to sell theirs, that for me is going to be the deal breaker!!! PUSB
Ah yes, another liquidation supporter.
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