mr mutton cet today (1 Viewer)

[dongonzalos]

Looks like despite people's views on him, he is doing the right thing for the club.

He is in the CET today saying any deal is a long way off.

It is for 50 % but he needs to ensure any revenue gained by sisu will go back into the football club NOT to pay off sisu's investors.

If he manages to do that then the deal has my backing.

If he can't get that agreed first then I think it is s bit of a crazy move.

He is also saying sisu still have not provided proof of funds.

Fair play mutton says what he has seen so far does not leave resources for a competitive football team

So I guess its as we may have thought. They get half the stadium at the expense if us getting a team that can compete.

 

---

[Steve.B50]

I agree, fair play to the man.

 

[CUS Wyken]

Two contrasting stories.

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

So either have money or not! Can't work it out.

 

[dongonzalos]

Two contrasting desires from owners. They want half the stadium for their own business. That is to sell later.

The football club are an inconvenient annoyance.

I don't know cllr. Mutton but he is someone is in their way saying. In order to get one, you need to invest in the other.

They have successfully bullied cov fans into wanting them to get half the stadium. The cov fans are thinking they get it maybe they will invest in the squad and if they get it our future is secure.

I don't think any cov fan is thinking I really want sisu to get it because they deserve it, and that to me is wrong.

Let's hope cllr mutton stays strong and forces them to sign a contract that includes investment in the squad.

We really do need to get behind him.

This sounds like the way forward. IMO

 

[Sir Digby Chicken Caesar]

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

Think its what they are calling 'transparency' with the fans. As in 'we can't see the truth'.

 

[Guyofwarwick]

pre season trip abroad

quick question; Why do they need to go on a pre-season trip abroad,surely there are more pressing financial worries to think about..If you can only afford belly pork you don't buy best steak.

 

[Astute]

Two contrasting stories.

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

So either have money or not! Can't work it out.

Does the money belong to someone else or are they just trying to get more out anyone wanting to take us over?

 

[Grendel]

Two contrasting stories.

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

So either have money or not! Can't work it out.

An investment source will see a commercial benefit from purchasing the ground at a low price bit no benefit in investing in the football arm.

 

[CUS Wyken]

quick question; Why do they need to go on a pre-season trip abroad,surely there are more pressing financial worries to think about..If you can only afford belly pork you don't buy best steak.

That's not the point. There cutting back on budgets etc... Because we have no 'money' yet there's talk of them taking control of the arena. So they have money just not for the team?

 

[CUS Wyken]

Does the money belong to someone else or are they just trying to get more out anyone wanting to take us over?

So all the time they've had money but didn't want invest in the team?

 

[stupot07]

Two contrasting stories.

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

So either have money or not! Can't work it out.

I suppose it's about priorities - it seems they are now prioritising acquiring 50% of the Ricoh which means scuttling back on luxuries like training camps at Kens house.

 

[CUS Wyken]

An investment source will see a commercial benefit from purchasing the ground at a low price bit no benefit in investing in the football arm.

And do you think that will benefit the club in the short term? I personally think they want the ground, get there losses back. By then the club could be a league 2 team.

 

[CUS Wyken]

I suppose it's about priorities - it seems they are now prioritising acquiring 50% of the Ricoh which means scuttling back on luxuries like training camps at Kens house.

And luxuries like players???

 

[win9nut]

There should also be some debt ratio covenants that the council should enforce in the contract to make sure that CCFC/SISU can't raise any finance on their shares in ACL.

Their "normal business practices" of issuing debentures against assets will not come into play and the ACL share CCFC own should be ringfenced from the rest of the CCFC business somehow.

Also, if the revenue is sitting in ACL, how will this impact on the FFP rules?

Thoughts?

PUSB

 

[Grendel]

If the ghastly mutton sits on one side of the fence my natural inclination is to sit the other.

Odd that prior to May he personally would never let sisu anywhere near the ground yet the rhetoric has now changed. You'd think an election was on.

The only thing the milkman likes is publicity,

 

[Otis]

Looks like despite people's views on him, he is doing the right thing for the club.

He is in the CET today saying any deal is a long way off.

It is for 50 % but he needs to ensure any revenue gained by sisu will go back into the football club NOT to pay off sisu's investors.
If he manages to do that then the deal has my backing.

If he can't get that agreed first then I think it is s bit of a crazy move.

He is also saying sisu still have not provided proof of funds.

Fair play mutton says what he has seen so far does not leave resources for a competitive football team

So I guess its as we may have thought. They get half the stadium at the expense if us getting a team that can compete.

Anyone want to tweet Jon Gaunt over this info.

 

[Grendel]

Anyone want to tweet Jon Gaunt over this info.

I have no desire to give gaunty a tweet.

 

[Diehard Si]

Two contrasting stories.

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

So either have money or not! Can't work it out.

Its like being married, whats ours is theirs and whats theirs is theirs.

The club can't afford a trip no, but thats CCFC's accounts and budget. SISU own us, and other ventures and other investments. I'd be very surprised if they didn't have millions and millions stashed away.

The fans will say "well they should put up the cash"

SISU will say "we've put up £40million already, why should we?"

 

[Otis]

I'm not talking chocwate and tweets. You do realise that don't you?



Maybe we should just send him a cat instead.

 

[dongonzalos]

John

Thank you for putting a piece in the Telegraph today it was very insightful.

Unfortunately throughout this saga the fans have too often been left in the dark, leading to lots of speculation and rumours.
An example of this is as fresh as yesterday when a certain self style celebrity used social media to convince people the deal was done and SISU will own the entire Ricoh in a matter of weeks.

I appreciate earlier you asked for SISU to keep the fans informed and up to date. However they have continuously failed to do so for 5 years and have lost the trust of many fans, so the rare times when they attempt to people are unsure of the trustworthiness of the information.

Reading the article today is the first time in months I felt I was reading the truth about what is actually happening at these meetings.
Please could you continue to inform us this and show this transparency after each meeting.
Doing this may prevent you receiving all the emails you have and people setting up petitions and others unfairly attacking the council over this matter.

SISU have created an atmosphere in which many Coventry fans now feel that if SISU do not obtain some share in the stadium the future of the football club is in serious jeopardy.

This atmosphere that SISU has created has led to many fans supporting the idea of SISU getting this share. I do not think Coventry fans really want SISU to get this share because they deserve it, but because they see no other option and are fearful about not having a club to support in the future.

You have a mixture of fans with the above view, others who do not think SISU should ever get part of the stadium and I am sure the odd one who thinks SISU are very good for the future of Coventry City.

Your view that this deal should only happen if the revenue created by it has to go back into the football club, I believe will be a very popular view with Coventry City fans and tax payers alike.

I implore you to stay very strong on this matter as no doubt SISU will do their utmost to avoid having this as a clondition of any deal.

These 3 conditions have to be the way forward

1) Any revenue gained from the stadium has to be re-invested into Coventry City Football club and not SISU's investors
2) The council maintains its right to veto any future sale by SISU of this share, if they do not think the new owners are suitable.
3) SISU invest in the hotels

I think most people agree to make this club and arena successful you need a successful team to create advertising and marketing. You need a hotel to house the people to make the conferencing a success. To get this successful team you need to invest in it.

My gut instinct tells me SISU want the stadium without the investment in the team so they can sell the package as quickly as possible at minimal costs.

Once again please keep up your good work they are bullies and need someone to stand up to them who will not be bullied.
They will apply pressure on you via ACL who have no doubt had enough and want out at a healthy profit, (which I don't blame them) but you need to stay strong.

Basically I think the most important thing is communication with us the fans. If we know the truth we will make rationale decisions and I think most people will support your stance to ensure the criteria is met.

There are people out their using the media and social media to portray an imagine of the council stealing half the stadium and wanting to hold onto it for profit. They also are trying to portray the council as trying to block a deal that will save the future of Coventry City. With this in mind please use the media and spell out what is happening after each meeting.

If you get time get one of your staff to scan fans forums such as Skybluestalk.co.uk and GMKonline and you will get an idea of what is out there and what concerns need addressing.

Thanks for you hard work and keep to this agenda

 

[Senior Vick from Alicante]

He might not be every ones cup of tea but he seems to be doing the right thing both for the club and the City. Just hope SISU dont throw out their toys and liquidate the club out of spite. If the Hoffman bid is to believed, and the fact that the usual media mouth pieces are keeping shut this time may indicate something is happening, then Mutton may hold all the cards. If ACL put CCFC into administration over its unpaid rent, then just supposing their was a seperate set of negotiations already ongoing with the council to buy them out as well as the Higgs, who are now stating publicly they want out. Having a ten point deduction would in my view be worth the pain in the long run as SISU are proving in their negotiations that they have no interest in the club and are trying to conduct , all be it legally, an old fashioned land grab. The team are an integral part of the stadium and both would be white elephants with out the other, SISU are trying to use sentiment for our club as leverage in negotiations, they have proven before that they are inept at handling a football team and have already defered the chance to purchase the Higgs portion and should not be given a second chance. If the council do manage to do the right thing and close SISU out counciler Mutton could go down in Coventry folklore. PUSB Play Up Mutton

 

[CCFC123]

It sounds like SISU dont really have a business plan and they thought the council wouldnt throw the spanner in regarding investment into CCFC.

The deal wont happen...... and thank god.

 

[Lord_Nampil]

Well something is happening as Higgs Trust have said there's 30 days for Due diligence which means the probably do have a plan! as a result ACL the council and the Higgs trust will look into it all so they can accept the offer!

This actually may cause SISU to release the accounts and should force them to commit a budget for next season!

 

[italiahorse]

Two contrasting stories.

Front page says SISU want the ground
Back page saying the club can't even afford a Pre season trip abroad??

So either have money or not! Can't work it out.

The Stadium is a long term investment. Pre Season trip is an ongoing expense

 

[Astute]

The Stadium is a long term investment. Pre Season trip is an ongoing expense

A long term investment? SISU have always said they are not with us for the long term.

 

[torchomatic]

Blabbing in the local press must also help negotiations.

 

[wingy]

quick question; Why do they need to go on a pre-season trip abroad,surely there are more pressing financial worries to think about..If you can only afford belly pork you don't buy best steak.

the words "Pub team " seem to fit ,making them unfit,Peter knatchbull huggeson ,"they are the most sensible people at the club in the last twenty years"Really!!!!!???????.:thinking about:

 

[AFCCOVENTRY]

Let's understand something.... many have forgot.

SISU have never said they are long term.

They always stated they would get the business back to a fit and proper level in terms of the club being able to financially prop itself up. When that happens they move on. Make a profit on their work in restructuring and then move.

The only way the club can get its finances back in order is the having the revenue streams from the Ricoh.

As soon as ccfc has the share or full ownership of the Ricoh the whole package 'ccfc' becomes viable to any prospective investors or takeover group.

SISU won't stick around once the Ricoh is secured. They are not a company to run companies.... they are turnaround specialists. Buy a distressed asset, get back on a level financial playing field and sell to the highest bidder.

CCFC need the Ricoh

If it means SISU get it then we will actually have a budget to run the club when measuring against revenue streams.

 

[wingy]

Let's understand something.... many have forgot.

SISU have never said they are long term.

They always stated they would get the business back to a fit and proper level in terms of the club being able to financially prop itself up. When that happens they move on. Make a profit on their work in restructuring and then move.

The only way the club can get its finances back in order is the having the revenue streams from the Ricoh.

As soon as ccfc has the share or full ownership of the Ricoh the whole package 'ccfc' becomes viable to any prospective investors or takeover group.

SISU won't stick around once the Ricoh is secured. They are not a company to run companies.... they are turnaround specialists. Buy a distressed asset, get back on a level financial playing field and sell to the highest bidder.

CCFC need the Ricoh

If it means SISU get it then we will actually have a budget to run the club when measuring against revenue streams.

I think you'll find Ogwe and then ken stated the were here for the longhaul at the beggining of this season.

 

[dongonzalos]

John

Thank you for putting a piece in the Telegraph today it was very insightful.

Unfortunately throughout this saga the fans have too often been left in the dark, leading to lots of speculation and rumours.
An example of this is as fresh as yesterday when a certain self style celebrity used social media to convince people the deal was done and SISU will own the entire Ricoh in a matter of weeks.

I appreciate earlier you asked for SISU to keep the fans informed and up to date. However they have continuously failed to do so for 5 years and have lost the trust of many fans, so the rare times when they attempt to people are unsure of the trustworthiness of the information.

Reading the article today is the first time in months I felt I was reading the truth about what is actually happening at these meetings.
Please could you continue to inform us this and show this transparency after each meeting.
Doing this may prevent you receiving all the emails you have and people setting up petitions and others unfairly attacking the council over this matter.

SISU have created an atmosphere in which many Coventry fans now feel that if SISU do not obtain some share in the stadium the future of the football club is in serious jeopardy.

This atmosphere that SISU has created has led to many fans supporting the idea of SISU getting this share. I do not think Coventry fans really want SISU to get this share because they deserve it, but because they see no other option and are fearful about not having a club to support in the future.

You have a mixture of fans with the above view, others who do not think SISU should ever get part of the stadium and I am sure the odd one who thinks SISU are very good for the future of Coventry City.

Your view that this deal should only happen if the revenue created by it has to go back into the football club, I believe will be a very popular view with Coventry City fans and tax payers alike.

I implore you to stay very strong on this matter as no doubt SISU will do their utmost to avoid having this as a clondition of any deal.

These 3 conditions have to be the way forward

1) Any revenue gained from the stadium has to be re-invested into Coventry City Football club and not SISU's investors
2) The council maintains its right to veto any future sale by SISU of this share, if they do not think the new owners are suitable.
3) SISU invest in the hotels

I think most people agree to make this club and arena successful you need a successful team to create advertising and marketing. You need a hotel to house the people to make the conferencing a success. To get this successful team you need to invest in it.

My gut instinct tells me SISU want the stadium without the investment in the team so they can sell the package as quickly as possible at minimal costs.

Once again please keep up your good work they are bullies and need someone to stand up to them who will not be bullied.
They will apply pressure on you via ACL who have no doubt had enough and want out at a healthy profit, (which I don't blame them) but you need to stay strong.

Basically I think the most important thing is communication with us the fans. If we know the truth we will make rationale decisions and I think most people will support your stance to ensure the criteria is met.

There are people out their using the media and social media to portray an imagine of the council stealing half the stadium and wanting to hold onto it for profit. They also are trying to portray the council as trying to block a deal that will save the future of Coventry City. With this in mind please use the media and spell out what is happening after each meeting.

If you get time get one of your staff to scan fans forums such as Skybluestalk.co.uk and GMKonline and you will get an idea of what is out there and what concerns need addressing.

Thanks for you hard work and keep to this agenda

I have emailed the above to cllr mutton. He does actually read the emails despite the generic replies. As I sent him something different and got a different response. If anyone wants to adapt my email to their views and send it. Please feel free. I think it is an important time to give him support and let him know you agree with his stance, that's if you do of course.

He may need our emails to justify his actions

 

[Grendel]

Blabbing in the local press must also help negotiations.

No it doesn't but it's all publicity for media craving minor politician. You would think he owns the ground himself. Ultimately it's not his decision but he's loving the limelight.

 

[dongonzalos]

Let's understand something.... many have forgot.

SISU have never said they are long term.

They always stated they would get the business back to a fit and proper level in terms of the club being able to financially prop itself up. When that happens they move on. Make a profit on their work in restructuring and then move.

The only way the club can get its finances back in order is the having the revenue streams from the Ricoh.

As soon as ccfc has the share or full ownership of the Ricoh the whole package 'ccfc' becomes viable to any prospective investors or takeover group.

SISU won't stick around once the Ricoh is secured. They are not a company to run companies.... they are turnaround specialists. Buy a distressed asset, get back on a level financial playing field and sell to the highest bidder.

CCFC need the Ricoh

If it means SISU get it then we will actually have a budget to run the club when measuring against revenue streams.

Yes and Cllr Mutton is just trying to get assurances that the revenue is actually put back into the club as a budget for the club and not SISU's investors. If what you say is correct SISU will have no problem providing those assurances and everybody well be kinda happish

 

[Grendel]

Yes and Cllr Mutton is just trying to get assurances that the revenue is actually put back into the club as a budget for the club and not SISU's investors. If what you say is correct SISU will have no problem providing those assurances and everybody well be kinda happish

Let's hope we are relying on someone other than the milkman to do the talking, sisu could bribe him with a pot of jersey cream.

 

[dongonzalos]

Blabbing in the local press must also help negotiations.

It has certainly helped with letting us know what the hell is going on.

You will find that ACL have gone to the press to put their view point out there as have
SISU who have gone to the press putting their view point out there.

I think these two press releases swayed the fans view towards the thinking that if SISU don't get part of the stadium the club are finished and the council are the problem stopping this from happening
So I for one have no problem in the council telling their stance and why they have. ACL and SISU can't complain as they have done the same.
It is nice for once to be told what is happening what the sticking points are etc..

So it is over to SISU now you can have your share just prove that you have the money and sign a clause saying that the revenue that is generated form the share will be invested in the team. Seeing as they have continuously maintained that this particular lack of revenue is why they are not investing in the team, surely they will be signing this up before the ink is dry.

That is if they have been telling us the truth ................

 

[Grendel]

We don't live in a dictatorship John mutton is NOT the council and I personally hope he has nothing to do with any negotiations.