Looking through SISU's eyes (1 Viewer)

[SkyBlueBlood]

In business you have to try and preempt your competitors next move to position yourself either to counter that move or to ensure you are able to get the best deal possible.

So SISU can see they are completely cornered on this one;
1. 6 year history of maladministration and failure (it is irrelevant that mistakes were made in the past SISU have had 6 years to fix them)
2. Mismanagement of customer and supporter relationship, without fan support they cannot take the club forwards.
3. Many of us would dispute the declared debt (well most things that come from Fisher and Joy actually), but in fact the football club have been running at a loss during SISU's tenure (mainly due to their mismanagement) so they have actually lost millions.

Whatever Dim Tim tries to tell us SISU will be desperate to get away from CCFC because it is a continual drain on their resources with no short term fix, even with the new fantasy stadium, in fact that will probably make it even worse.

This is where SISU have had to concoct a forward plan (however flawed it may be) to generate the illusion that they intend to stay and fight. Nobody in business is so incompetent to not check which part of their own business they are putting into administration, so could this have been deliberate to entice bids? By doing this SISU have continued to create this illusion of being financially strong and with a will to carry out their crazy master plan, the forums are all part of this smoke and mirrors.

So what are the options now?

1. SISU's bid for Ltd is accepted. I don't think this is their preferred result.

2. PH4 wins the bid for Ltd. This would be a disaster for SISU who would have to stand and fight to get anything out of the situation. Could drag our club down even further.

3. The Byng consortium wins the bid for Ltd and commences negotiations with SISU for Holdings, giving SISU their best chance of an exit plan where they would reduce their losses. On the basis that the SISU appointed administrator said in his announcement that any purchaser of Ltd would have to agree a deal with SISU, the plot thickens.

There may be other bids / options that are not public and I may have read this completely wrong, or more likely this mess will get even muddier before it gets resolved.

 

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[RogerH]

If, as most people expect, Ltd is awarded to SISU, it seems to leave SISU with two choices:-

1. They can carry on with this hare brained scheme to take the club out of the City and ultimately build a new stadium somewhere. They cannot possibly quantify the cost this may entail (cost of ground sharing, cost of acquiring land, the planning process, who knows how many appeals may be involved, neither can they possibly know what level of income they would derive if it is completed. I cannot believe they really want to go down this road.

2. Commence serious negotiations with bidders for a sale of the club.

Surely, it's a no brainer !

 

[wingy]

Does Anyone on here know how a judicial review works ?

Surely the timeline on that affects they way they can play things.

If the decision on that is made their hand changes ,hasn't the judge had it for around 6 weeks now?

 

[SkyBlueSwiss]

Why would Byng negotiate with Holdings? For what?
In the unlikely event that Byng get CCFC Ltd. and are granted the Golden Share, they would I assume have no problems at all negotiating with ACL to play at the Ricoh. What would they then want Holdings for? Holdings instantly becomes a huge millstone around SISU's necks. They have no football club, no right to play football and no ground. They own all the contracts for players etc. that they are obliged to continue paying for until all such contracts are fulfilled or until Holdings is liquidated (how good is that David Bell contract looking now?). Holdings have enormous expenses and zero income under this scenario. Byng can go out and hire everyone new from the ground up, including players and managers, groundstaff etc.
I also make the assumption that under such ludicrous circumstances the players contracts would all be terminated and the players would be available for Byng to cherry-pick.
So why on Earth would Byng want to buy Holdings? The only potential thing that Holdings has that would be of interest would be Ryton, and Ryton would be worthless to SISU unless the council agreed to rezone - which they wouldn't, so they would be obliged to sell it at a reasonable price to Byng or have to continue paying for the upkeep of it with no income or use of it to themselves.
For me, this would be the most perfect scenario to pay SISU back for what they have done to our club and the supporters.
I doubt it will happen though.

 

[Samo]

Joy to admin: 'Please make the Byng consortium the prefered bidder, we'll sign a voluntary agreement because we've already struck a deal with them for Holdings'

 

[Samo]

Why would Byng negotiate with Holdings? For what?
In the unlikely event that Byng get CCFC Ltd. and are granted the Golden Share, they would I assume have no problems at all negotiating with ACL to play at the Ricoh. What would they then want Holdings for? Holdings instantly becomes a huge millstone around SISU's necks. They have no football club, no right to play football and no ground. They own all the contracts for players etc. that they are obliged to continue paying for until all such contracts are fulfilled or until Holdings is liquidated (how good is that David Bell contract looking now?). Holdings have enormous expenses and zero income under this scenario. Byng can go out and hire everyone new from the ground up, including players and managers, groundstaff etc.
I also make the assumption that under such ludicrous circumstances the players contracts would all be terminated and the players would be available for Byng to cherry-pick.
So why on Earth would Byng want to buy Holdings? The only potential thing that Holdings has that would be of interest would be Ryton, and Ryton would be worthless to SISU unless the council agreed to rezone - which they wouldn't, so they would be obliged to sell it at a reasonable price to Byng or have to continue paying for the upkeep of it with no income or use of it to themselves.
For me, this would be the most perfect scenario to pay SISU back for what they have done to our club and the supporters.
I doubt it will happen though.

Which is exactly why the deal needs to be done before the prefered bidder is chosen.

 

[SkyBlueSwiss]

Which is exactly why the deal needs to be done before the prefered bidder is chosen.

Samo, I agree that prior agreement would be preferable for the sake of the players, employees etc.
But you have to admit that the thought of such a ludicrous scenario occurring would serve SISU right for all the pain they have caused.

 

[SydneySkyBlue]

Why would Byng negotiate with Holdings? For what?
In the unlikely event that Byng get CCFC Ltd. and are granted the Golden Share, they would I assume have no problems at all negotiating with ACL to play at the Ricoh. What would they then want Holdings for? Holdings instantly becomes a huge millstone around SISU's necks. They have no football club, no right to play football and no ground. They own all the contracts for players etc. that they are obliged to continue paying for until all such contracts are fulfilled or until Holdings is liquidated (how good is that David Bell contract looking now?). Holdings have enormous expenses and zero income under this scenario. Byng can go out and hire everyone new from the ground up, including players and managers, groundstaff etc.
I also make the assumption that under such ludicrous circumstances the players contracts would all be terminated and the players would be available for Byng to cherry-pick.
So why on Earth would Byng want to buy Holdings? The only potential thing that Holdings has that would be of interest would be Ryton, and Ryton would be worthless to SISU unless the council agreed to rezone - which they wouldn't, so they would be obliged to sell it at a reasonable price to Byng or have to continue paying for the upkeep of it with no income or use of it to themselves.
For me, this would be the most perfect scenario to pay SISU back for what they have done to our club and the supporters.
I doubt it will happen though.

While I love this scenario the only problem is SISU's claim to beneficial interest in the golden share, their letters from the FL to Holdings etc.

It will likely go to court I think.

 

[stupot07]

Hasn't holdings got the naming rights too? It would be a shame for holdings to go under, the original ccfc company from 1907(?), the company that saw the jimmy hill era and won the FA cup. I still want to know why Richard split the company and set up Ltd in 1995.

 

[Samo]

Samo, I agree that prior agreement would be preferable for the sake of the players, employees etc.
But you have to admit that the thought of such a ludicrous scenario occurring would serve SISU right for all the pain they have caused.

It would indeed and I would enjoy it immensely! My preferances:
1. SISU leave with fuck all.
2. SISU leave.

 

[Godiva]

I still want to know why Richard split the company and set up Ltd in 1995.

I think Fisher explained it on one of the forums. Ltd was created to handle some of the player tradings - those who would be owned by third party (now illegal). Robbie Keane was one of those players.

 

[Jack Griffin]

Hasn't holdings got the naming rights too? It would be a shame for holdings to go under, the original ccfc company from 1907(?), the company that saw the jimmy hill era and won the FA cup. I still want to know why Richard split the company and set up Ltd in 1995.

TF's version of the rationale behind that structure was mentioned in Friday's forum, would be interesting if any former directors involved in horse trading spoke about it, but I'm not holding my breath.

 

[wingy]

TF's version of the rationale behind that structure was mentioned in Friday's forum, would be interesting if any former directors involved in horse trading spoke about it, but I'm not holding my breath.

Maybe GR as he's gone through a paradigm shift in his view on the owners .

 

[SkyBlueBlood]

TF's version of the rationale behind that structure was mentioned in Friday's forum, would be interesting if any former directors involved in horse trading spoke about it, but I'm not holding my breath.

If the previous Directors have nothing to hide (and I hope not) they will comment if Dim Tim is twisting the facts.

 

[rupert_bear]

This will not be settled anytime soon, i think whoever gets the preferred bidder ticket and that doesn't guarantee success others will object and as TF has said until we are out of adninistration they cannot disclose what ground share plans they may have, it will be down to Paul Appleton to find a ground and that will be the Ricoh as he did last season. Time is the biggest weapon.