Investors will wait out for admin (1 Viewer)
- Thread starter skyblu3sk
- Start date
SkyBlueScottie
Well-Known Member
So they are going to wait then.... or at least by announcing this it reminds Sisu of the fact they are going to lose more and more money while they piss about with us.
Lord_Nampil
Well-Known Member
One thing, admin if it came, now is the time! As we haven't got started and points are low it would give us a chance! I have been told we only have enough money to run untill jan not the end of the season, I don't no how true it is but as we currently can't piss in a pot it actually might true! Seems Orange Ken us the problem then!!
Sbarcher
Well-Known Member
Exactly right..... sell all you can, pocket the return then sell for as much as you can. If SISU put us into administration, they may get 5p in the £ back, whereas if they strip us out and sell as a "going concern" then there will still be a fair value left for them. Keeping us going until the end of the season is just a continuing drain and a diminishing of the resource. it only makes financial sense if they sell players and sell the club now...........
SkyBlue_Bear83
Well-Known Member
Admin would be the worse possible thing as it will pretty much confirm relegation. I don't buy into this lets get relegated then we will storm league 1 with Hoffman in charge.
Sbarcher
Well-Known Member
Me neither, but look at it another way from SISU's point of view.
Let's say you have a pretty nice house with a few bits of valuable, antique furniture. You're broke, can't pay the mortgage the house needs a fortune spending on it and it's starting to fall down. You can sell a few bits of furniture and stay another year while the house falls down around you or you sell everything now and pocket a few quid. leaving it another year and you have no furniture and a worthless shell of a house. No brainer for SISU I think.
Let's say you have a pretty nice house with a few bits of valuable, antique furniture. You're broke, can't pay the mortgage the house needs a fortune spending on it and it's starting to fall down. You can sell a few bits of furniture and stay another year while the house falls down around you or you sell everything now and pocket a few quid. leaving it another year and you have no furniture and a worthless shell of a house. No brainer for SISU I think.
Otis
Well-Known Member
'And Hoffman brushed aside suggestions that the original bid would have fallen foul of league rules because Allardyce is a director of CUJU8’s parent company Game8.
When the plan was first conceived he was not connected with any club.
Having accepted the Upton Park job he would have been required to resign his directorship if the deal had gone through but Hoffman insisted: “Of course we understood the Football League rules and would have complied with those.
"It is ridiculous to think that we would be that naive not to.'
Any comment from all those totally slating Hoffman and saying he was an idiot and/or full of shit?
When this came out a few of us said that surely Hoffman would know the rules and wouldn't have been stupid enough for this sort of oversight. If this is true what he's saying here it all makes perfect sense.
Read More http://www.coventrytelegraph.net/co...ll-wait-it-out-92746-29321396/?#ixzz1WQDjWwUx
When the plan was first conceived he was not connected with any club.
Having accepted the Upton Park job he would have been required to resign his directorship if the deal had gone through but Hoffman insisted: “Of course we understood the Football League rules and would have complied with those.
"It is ridiculous to think that we would be that naive not to.'
Any comment from all those totally slating Hoffman and saying he was an idiot and/or full of shit?
When this came out a few of us said that surely Hoffman would know the rules and wouldn't have been stupid enough for this sort of oversight. If this is true what he's saying here it all makes perfect sense.
Read More http://www.coventrytelegraph.net/co...ll-wait-it-out-92746-29321396/?#ixzz1WQDjWwUx
pusbccfc
Well-Known Member
I'm sure about 6k a week if we drop.
J
Jack Griffin
Guest
I think Admin is the only way we can get rid of SISU, let new owners come in with a clean slate.
AFCCOVENTRY
Well-Known Member
To be honest that statement form Hoff was a bit of anger and him letting off steam.
SISU have rumbled the hoff camp and the investors are not a happy bunch.
SISU have rumbled the hoff camp and the investors are not a happy bunch.
Otis
Well-Known Member
What have they rumbled exactly? I don't get it. The fact that Allardyce was part of the original company looking to buy the club and yet Hoffman has already clearly explained this and that he would have simply resigned his position?
Sounds more like Sisu or whoever throwing mud and hoping it will stick. In their best interests to make any bid look foolish to make them look the more viable option!
AFCCOVENTRY
Well-Known Member
In terms of not keeping to confidentiality and bleating to the media. That is a serious failure of business ethics.
lordsummerisle
Well-Known Member
Think if anybody using the Allardyce link as an excuse then it is the Hoffman camp.
If Allardyce not a problem, then why have all his alleged investors pulled out?
If it's the privacy thing, we still don't know who they are about from Ken Bruce, so not much of an issue, and what do they have to hide anyway?
SkyBlue_Bear83
Well-Known Member
Anyway Hoffman and his backers will not deal directly with SISU or the current board now so the deal is dead.
I would not trade admin for Hoffman coming in.
I would not trade admin for Hoffman coming in.
Otis
Well-Known Member
Doesn't appear that way to me, Lord. Why would Hoffman's lot use the Allardyce link as an excuse? The suggestion is that Sisu or agents of Sisu (good name for a band) started to leak info of names involved when they agreed not to and to keep to a confidentiality agreement.
As I've said a dozen times or so, the Channel 4 documentary suggested that many, many football club owners were not known or clear and many were being kept secretive behind company names and groups that were hard to identify. Could well be there is some dodgy money involved in this and these people didn't wish their names splashed all over the press. The Ken Bruce thing was probably just the thin end of the wedge and who knows how much more would have been leaked and how many names would have been named.
Not good of course if some of them are a bit dodgy, but you have to ask the question, just who isn't dodgy in football these days?
sky blue john
Well-Known Member
Well the rate we are going there will be no squad, then admin, then relegation will you continue your stance then !!!!!!!!!!
lordsummerisle
Well-Known Member
Just had my fill with dodgy owners(past and present), would be nice to have some transparency for once, and not just to close our eyes and hope for the best Otis.
Otis
Well-Known Member
Agree of course wholeheartedly. Think people are just a little more trusting of Hoffman based on him being a Cov supporter and us all believing as such he would want the best for the club.
Slim pickings I know but you can see why many City fans are putting their trust in him.
I don't have any problem with Hoffman at all. That's not to say the backers and the bid are worthy of our putting any trust in though.
