Mean while back in court (1 Viewer)

SkyBlueZack · Feb 11, 2016

So why did said Councillors sell their clubs stadium to a London franchise? SISU won't be around forever. CCFC will be. The Ricoh was part of a regeneration plan not just for the benefit of the club. SISU couldn't be arsed to buy a share? They offered 2m for the Higgs share? Admittedly as a charitable gesture, cue outrage at kids being ripped off. They also then offered 2.77m, the same amount Wasps offered. So two attempts at buying a share. Out of curiosity how much did the council pay for their share? Now considering they were judge, jury and executioner when contributing nothing. Higgs in a round about way paid 6.5m, yet were caught in a dispute instigated by the council and SISU. They had no say but to go along with the council even though the council hadn't paid for their share! Bit much that. Arsenal sold Fabregas, Van Persie. United sold Ronaldo. Hell at one point Barca sold Figo to Real Madrid. It's football, it happens. Can't use that to bash SISU I'm araid. The owners have behaved in an unethical way, no one denies that. So have the council though. You know the people we elect to represent us, who we should expect more from. How many fans disagreed with their ambition of getting to the Premiership when they took over and were shouting buy the stadium? The council are just as bad as SISU. It's bewildering that people expect no more from elected representatives than they do a hedge fund

SkyBlueZack · Feb 11, 2016

How's the weather on planet deluded Dongo?

italiahorse · Feb 11, 2016

SkyBlueZack said:
So why did said Councillors sell their clubs stadium to a London franchise? SISU won't be around forever. CCFC will be. The Ricoh was part of a regeneration plan not just for the benefit of the club. SISU couldn't be arsed to buy a share? They offered 2m for the Higgs share? Admittedly as a charitable gesture, cue outrage at kids being ripped off. They also then offered 2.77m, the same amount Wasps offered. So two attempts at buying a share. Out of curiosity how much did the council pay for their share? Now considering they were judge, jury and executioner when contributing nothing. Higgs in a round about way paid 6.5m, yet were caught in a dispute instigated by the council and SISU. They had no say but to go along with the council even though the council hadn't paid for their share! Bit much that. Arsenal sold Fabregas, Van Persie. United sold Ronaldo. Hell at one point Barca sold Figo to Real Madrid. It's football, it happens. Can't use that to bash SISU I'm araid. The owners have behaved in an unethical way, no one denies that. So have the council though. You know the people we elect to represent us, who we should expect more from. How many fans disagreed with their ambition of getting to the Premiership when they took over and were shouting buy the stadium? The council are just as bad as SISU. It's bewildering that people expect no more from elected representatives than they do a hedge fund

The council are answerable to the 330,000 people of Coventry not the 33,000 potential followers of CCFC.
Sometimes you need to look at the bigger picture.

dadgad · Feb 11, 2016

SkyBlueZack said:
So why did said Councillors sell their clubs stadium to a London franchise? SISU won't be around forever. CCFC will be. The Ricoh was part of a regeneration plan not just for the benefit of the club. SISU couldn't be arsed to buy a share? They offered 2m for the Higgs share? Admittedly as a charitable gesture, cue outrage at kids being ripped off. They also then offered 2.77m, the same amount Wasps offered. So two attempts at buying a share. Out of curiosity how much did the council pay for their share? Now considering they were judge, jury and executioner when contributing nothing. Higgs in a round about way paid 6.5m, yet were caught in a dispute instigated by the council and SISU. They had no say but to go along with the council even though the council hadn't paid for their share! Bit much that. Arsenal sold Fabregas, Van Persie. United sold Ronaldo. Hell at one point Barca sold Figo to Real Madrid. It's football, it happens. Can't use that to bash SISU I'm araid. The owners have behaved in an unethical way, no one denies that. So have the council though. You know the people we elect to represent us, who we should expect more from. How many fans disagreed with their ambition of getting to the Premiership when they took over and were shouting buy the stadium? The council are just as bad as SISU. It's bewildering that people expect no more from elected representatives than they do a hedge fund

People do. Our elected reps. have an obligation to serve the WHOLE community, not just one business albeit an important one.

Meanwhile, our owners have an undertaking to run one business and consistently shown that they're clueless.

You do what you are.

stupot07 · Feb 11, 2016

dongonzalos said:
It shouldn't be an issue for the club
The deal would be agreed by club and council. So the aims would be ones the club believe they could achieve.

(Removes the council hating responses to this post)

As long as

Competitive championship team
Investment in academy
Fan engagement community work

Why would a football club not feel they can do that and why would they not want to do that.

If there is an issue whether this was achieved or not a three person independent panel make a decision. Either way.

The negative responses are all born out of an entrenched hatred by some to anything council.

At that time the council half owned the product the club wanted to buy.
The two could not negotiate or it seems trust each other.
This would have forced the council to honour any sale. It would have also forced the owners to run the club responsibly
Win win.

When people start talking about child slavery and star bucks taxes as the reasons why this wouldn't work. You know you have a valid point.

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

chiefdave · Feb 11, 2016

italiahorse said:
The council are answerable to the 330,000 people of Coventry not the 33,000 potential followers of CCFC.
Sometimes you need to look at the bigger picture.

Of course they are, thats why they refuse to answer when you ask them a question.

SkyBlueZack · Feb 11, 2016

How many Coventarians wanted Wasps to have the stadium? Not many wanted SISU to have it, granted. A vast majority wanted CCFC to have it though. So have they served the people and the City? Not a chance. They, like you are blinded by a hatred of SISU. Ironically they and you don't see the bigger picture yet you keep telling people too. The football and rugby clubs of this city have been dealt a massive injustice by the council and people like you. How many people lined the streets when CCFC won the FA cup? How many of them still live in the city and want the club to reclaim those sort of moments. Finally how many will line the streets if Wasps win anything? I mean locals not those from London or wherever they used to call home. I imagine you wouldn't attend any parade though. Not within walking distance

dadgad · Feb 11, 2016

SkyBlueZack said:
How many Coventarians wanted Wasps to have the stadium? Not many wanted SISU to have it, granted. A vast majority wanted CCFC to have it though. So have they served the people and the City? Not a chance. They, like you are blinded by a hatred of SISU. Ironically they and you don't see the bigger picture yet you keep telling people too. The football and rugby clubs of this city have been dealt a massive injustice by the council and people like you. How many people lined the streets when CCFC won the FA cup? How many of them still live in the city and want the club to reclaim those sort of moments. Finally how many will line the streets if Wasps win anything? I mean locals not those from London or wherever they used to call home. I imagine you wouldn't attend any parade though. Not within walking distance

The very emotional tenor of your post betrays a deep seated love of your city. These are the very things that the owners of our football club should have tapped into. We both know they have done anything but.

Nick · Feb 11, 2016

dadgad said:
The very emotional tenor of your post betrays a deep seated love of your city. These are the very things that the owners of our football club should have tapped into. We both know they have done anything but.

Even more worrying, the council controlling the city haven't either....

italiahorse · Feb 11, 2016

SkyBlueZack said:
How many Coventarians wanted Wasps to have the stadium? Not many wanted SISU to have it, granted. A vast majority wanted CCFC to have it though. So have they served the people and the City? Not a chance. They, like you are blinded by a hatred of SISU. Ironically they and you don't see the bigger picture yet you keep telling people too. The football and rugby clubs of this city have been dealt a massive injustice by the council and people like you. How many people lined the streets when CCFC won the FA cup? How many of them still live in the city and want the club to reclaim those sort of moments. Finally how many will line the streets if Wasps win anything? I mean locals not those from London or wherever they used to call home. I imagine you wouldn't attend any parade though. Not within walking distance

If asked now I would say that most would say the best in this situation is to share it.
At the moment Wasps don't need us and at the moment CCFC can't afford it by themselves.
So it suits all parties. IMHO

Get promoted, give it a couple of years and I can see the rise of CCFC force the situation.

Blue Sky Vision : Wasps will stabilise short of their goal and CCFC will be messing around at the top of the Championship.
Wasps will capitalise on CCFC PL potential and agree on a shared ownership that will maximise both teams financial situations.

oldskyblue58 · Feb 11, 2016

We will never know and perhaps you could call it naiive but...............

I can not help wondering if the club had adopted its current financial stance back in 2008, shown the same attitude to living within means and not racked up £53m + in debts, had a plan to run as a viable business, whether they could have got their hands on the Ricoh by 2010 or 2011. Yes there would have been hard times on and off the pitch. From a purely financial point of view how do you have faith in a business that has racked up 90m in losses since 1991, nearly gone bust several times, shows no willingness to change, let alone hand over the keys to the stadium to it. How much could the stadium have made being run commercially from the start. From a community point of view would the fan base have been united not divided by adversity, would the club be held in higher esteem by the wider Coventry populace, how much more successful could the Cityhave seemed............... there could have been a very different outcome and far fewer villains

Do not read that as blaming the club for everything, it isn't. But the Arena project was based on CCFC to drive it forward and the financial base of that was delinquent at best and calamitous as a matter of course, until the last 12 months or so when the ship has decided not to be a submarine diving to the bottom

moment of depression over

dadgad · Feb 11, 2016

Nick said:
Even more worrying, the council controlling the city haven't either....

Both sides could have done more.
That's a given.

SkyBlueZack · Feb 11, 2016

Couldn't agree more OSB. As people have mentioned in the past about doing what Leicester did before you got deducted points in hindsight would not have been that bad. If they had thought long term and sorted the club from top to bottom including stadium ownership etc. We would probably have made losses short term still but with FFP coming into play in a sense we would of been ahead of our time. If we could have had the lease extended and income rights from 2008, you would hope by now they would have built a reputable business that can assist with the clubs budget. Providing the community facility for local people and in turn the same people providing their loyalty. It's all with the benefit of hindsight but thinking what could have been will always drive me mad

wingy · Feb 11, 2016

oldskyblue58 said:
We will never know and perhaps you could call it naiive but...............

I can not help wondering if the club had adopted its current financial stance back in 2008, shown the same attitude to living within means and not racked up £53m + in debts, had a plan to run as a viable business, whether they could have got their hands on the Ricoh by 2010 or 2011. Yes there would have been hard times on and off the pitch. From a purely financial point of view how do you have faith in a business that has racked up 90m in losses since 1991, nearly gone bust several times, shows no willingness to change, let alone hand over the keys to the stadium to it. How much could the stadium have made being run commercially from the start. From a community point of view would the fan base have been united not divided by adversity, would the club be held in higher esteem by the wider Coventry populace, how much more successful could the Cityhave seemed............... there could have been a very different outcome and far fewer villains

Do not read that as blaming the club for everything, it isn't. But the Arena project was based on CCFC to drive it forward and the financial base of that was delinquent at best and calamitous as a matter of course, until the last 12 months or so when the ship has decided not to be a submarine diving to the bottom

moment of depression over

But it's way too big for this or a lower level,.
It seems that is where the owners see us.

fernandopartridge · Feb 11, 2016

oldskyblue58 said:
We will never know and perhaps you could call it naiive but...............

I can not help wondering if the club had adopted its current financial stance back in 2008, shown the same attitude to living within means and not racked up £53m + in debts, had a plan to run as a viable business, whether they could have got their hands on the Ricoh by 2010 or 2011. Yes there would have been hard times on and off the pitch. From a purely financial point of view how do you have faith in a business that has racked up 90m in losses since 1991, nearly gone bust several times, shows no willingness to change, let alone hand over the keys to the stadium to it. How much could the stadium have made being run commercially from the start. From a community point of view would the fan base have been united not divided by adversity, would the club be held in higher esteem by the wider Coventry populace, how much more successful could the Cityhave seemed............... there could have been a very different outcome and far fewer villains

Do not read that as blaming the club for everything, it isn't. But the Arena project was based on CCFC to drive it forward and the financial base of that was delinquent at best and calamitous as a matter of course, until the last 12 months or so when the ship has decided not to be a submarine diving to the bottom

moment of depression over

I agree with you completely, in fact I'd go further to say that the stance should have been the only stance. Yes, we enjoyed signing Robbie Keane etc, but the ultimate cost has been massive. If we'd got to the position of owning a new 30k stadium and being solvent, we really could've moved up a level. We didn't and the rest is history. SISU were reckless for their first 4 years.

shy_tall_knight · Feb 11, 2016

fernandopartridge said:
I agree with you completely, in fact I'd go further to say that the stance should have been the only stance. Yes, we enjoyed signing Robbie Keane etc, but the ultimate cost has been massive. If we'd got to the position of owning a new 30k stadium and being solvent, we really could've moved up a level. We didn't and the rest is history. SISU were reckless for their first 4 years.

Robbie Keen bought for £6m sold for £13m - hardly a cause of our losses

Danceswithhorses · Feb 11, 2016

shy_tall_knight said:
Robbie Keen bought for £6m sold for £13m - hardly a cause of our losses

I don't think the club made a penny from that deal...wasn't it financed through a certain board member who then pocketed the profit ?

shy_tall_knight · Feb 11, 2016

Danceswithhorses said:
I don't think the club made a penny from that deal...wasn't it financed through a certain board member who then pocketed the profit ?

The newmarket scheme, presume the were both winners and losers, love o know more about this.

LB87ccfc · Feb 11, 2016

Danceswithhorses said:
I don't think the club made a penny from that deal...wasn't it financed through a certain board member who then pocketed the profit ?

Yes spot on.

skybluesam66 · Feb 11, 2016

Danceswithhorses said:
I don't think the club made a penny from that deal...wasn't it financed through a certain board member who then pocketed the profit ?

there was a transfer consortium at the time who made the decision on buying and selling (and it was their investments and profits)

fernandopartridge · Feb 11, 2016

shy_tall_knight said:
Robbie Keen bought for £6m sold for £13m - hardly a cause of our losses

Do you believe any of that twaddle?

Robbie Keane bought with debt, sold to pay off debt. No net gain to the club as they paid his wages for a year. Who knows what returns the football investors who paid for him wanted? Perhaps they got all £13m?

dongonzalos · Feb 11, 2016

SkyBlueZack said:
How's the weather on planet deluded Dongo?

As I say comments like that happen, when the other person is struggling to debate

See the link below the insane idea happened but with no safeguards so it was a waste of time....,

http://mobile.ccfc.co.uk/news/article/christmas-m-558318.aspx

LB87ccfc · Feb 11, 2016

fernandopartridge said:
Do you believe any of that twaddle?

Robbie Keane bought with debt, sold to pay off debt. No net gain to the club as they paid his wages for a year. Who knows what returns the football investors who paid for him wanted? Perhaps they got all £13m?

They did get all £13m at the time.

dongonzalos · Apr 9, 2016

2 months now.......

Nick · Apr 9, 2016

Bump bump bump

dongonzalos · Apr 9, 2016

Nick said:
Bump bump bump

Yes because I thought they were to make their decision in weeks.
It's been more than 8 of them

chiefdave · Apr 9, 2016

Why does it take so long?

fernandopartridge · Apr 9, 2016

chiefdave said:
Why does it take so long?

I am not sure, part of me wonders if the case is going in favour of SISU, council now sorting out what can be done to remedy. Who knows though.

Nick · Apr 9, 2016

fernandopartridge said:
I am not sure, part of me wonders if the case is going in favour of SISU, council now sorting out what can be done to remedy. Who knows though.

Wouldn't that mean the council have been told?

oldfiver · Apr 9, 2016

Nick said:
Wouldn't that mean the council have been told?

Commercial confidentiality ?

dongonzalos · Apr 9, 2016

Nick said:
Wouldn't that mean the council have been told?

I think all the parties were told of previous court decisions before it came out.
Maybe the Secretary of State has delayed things somewhat.

Monkeyface · May 2, 2016

Around about October/November, I made a conscious decision to stop reading these threads and to try and steer clear of all this stuff... A) because the football was fun, and B) because I was starting to lose track.

Obviously I'm now feeling a little pissed with the way the season has panned out and need a focal point for my frustrations. So who's kind enough and has the time to bring me up to date?

Nick · May 2, 2016

Monkeyface said:
Around about October/November, I made a conscious decision to stop reading these threads and to try and steer clear of all this stuff... A) because the football was fun, and B) because I was starting to lose track.

Obviously I'm now feeling a little pissed with the way the season has panned out and need a focal point for my frustrations. So who's kind enough and has the time to bring me up to date?

Just read through the thread.

It is obviously all down to court cases the season went to pot though.

skybluetony176 · May 2, 2016

Monkeyface said:
Around about October/November, I made a conscious decision to stop reading these threads and to try and steer clear of all this stuff... A) because the football was fun, and B) because I was starting to lose track.

Obviously I'm now feeling a little pissed with the way the season has panned out and need a focal point for my frustrations. So who's kind enough and has the time to bring me up to date?

Basically it's far from over whatever the result. If SISU lose I dare say that there's an appeal process through the European courts that they could pursue, if they win they'll be claims to pursue assuming that CCC don't appeal that decision if they have that option and that's before you even start to talk about JR2.

Basically I'd tune in this time next season and things might, just might be concluded. But I wouldn't bank on it. Where there's a lawyer there's a way.

Nick · May 2, 2016

I might get some of these in bulk from china and sell them for the first home game!

Get a few thousand people in those!

Mean while back in court (1 Viewer)

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

CCFC Finance Director

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Member

Well-Known Member

Well-Known Member

Well-Known Member

Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Administrator

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency