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Rumour: Hoffman and Elliot takeover negotiations (1 Viewer)

  • Thread starter Evo1883
  • Start date Apr 9, 2017
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Samo

Well-Known Member
  • Apr 21, 2017
  • #2,731
Perhaps the 'new CEO' is coming along with the rest of a new board? :happy:
 

RegTheDonk

Well-Known Member
  • Apr 21, 2017
  • #2,732
robbiethemole said:
Who the fuck do some of the people on here think they are????? Do you really think that the people involved in the deal will be looking on here for your opinions, and will be bothered about whether you want questions answered?
They will either make it work or not, and no fuckers with over inflated egos will make any difference.
Maybe we should let them get on with it and keep our snide comments until the deal is done.
Click to expand...
They are so dismissive of our opinions they put an open letter on the official web site.
 

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,733
hill83 said:
They genuinely think we are all thick cunts. Unbelievable.
Click to expand...
Judging by this site most of us are.
 
Reactions: better days, hill83 and skybluetony176

hill83

Well-Known Member
  • Apr 21, 2017
  • #2,734
Liquid Gold said:
Judging by this site most of us are.
Click to expand...

You're not thick mate.
 
Reactions: olderskyblue

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,735
hill83 said:
You're not thick mate.
Click to expand...
Sky blue kid said I am
 

skybluebeduff

Well-Known Member
  • Apr 21, 2017
  • #2,736
Mines thick.

Sorry wrong website.
 
Reactions: Covstar and Astute

clint van damme

Well-Known Member
  • Apr 21, 2017
  • #2,737
Liquid Gold said:
Sky blue kid said I am
Click to expand...

his say is final, sorry mate.
 

Brylowes

Well-Known Member
  • Apr 21, 2017
  • #2,738
hill83 said:
They genuinely think we are all thick cunts. Unbelievable.
Click to expand...
Funny that.... So does Nick.!!
 
Reactions: dongonzalos

Brylowes

Well-Known Member
  • Apr 21, 2017
  • #2,739
Flying Fokker said:
I think we have a problem with our current ownership.
Click to expand...
No shit Sherlock :emoji_mag::emoji_flashlight:
 
S

SkyblueBazza

Well-Known Member
  • Apr 21, 2017
  • #2,740
Earlsdon_Skyblue1 said:
To save everyone time clicking the link, basically it says:

'Hey I just met you and this is crazy, but here's my number so call me maybe.'
Click to expand...
From 'owners'...so who is this "I"???


Sent from my SM-G900F using Tapatalk
 

covcity4life

Well-Known Member
  • Apr 21, 2017
  • #2,741
New ceo will be vince macmahon. Only then woukd i back sisu to fix us

 
Reactions: ajsccfc
R

rexo87

Well-Known Member
  • Apr 21, 2017
  • #2,742
latest bid was 1.2 mil upfront rising to 12 million with possible clauses according to les
 
S

SuperFred

Well-Known Member
  • Apr 21, 2017
  • #2,743
EXCLUSIVE: Second Hoffman bid today for Coventry City offered £1.2m upfront and was REJECTED as ‘derisory’
 

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,744
rexo87 said:
latest bid was 1.2 mil upfront rising to 12 million with possible clauses according to les
Click to expand...
Next one could close it.
 
Reactions: ccfc92

Skybluefaz

Well-Known Member
  • Apr 21, 2017
  • #2,745
rexo87 said:
latest bid was 1.2 mil upfront rising to 12 million with possible clauses according to les
Click to expand...
Juggy has put on twitter that a third bid is possibly being submitted. At least this seems to be a genuine attempt at acquiring the club this time.
 
Reactions: covcity4life and Earlsdon_Skyblue1

AFCCOVENTRY

Well-Known Member
  • Apr 21, 2017
  • #2,746
HOFFMAN is on sky blues talk on cwr shortly
 
S

SuperFred

Well-Known Member
  • Apr 21, 2017
  • #2,747
"It also once again proposed a ‘debt free’ acquisition of the club – hence, it made no direct proposal to address Sky Blues’ ‘owners’ Sisu’s investors’ liabilities – the tens of millions of pounds pumped into the club in loans."

This is the bit that is interesting, are they really expecting to get that back?

The whole things seems a non starter, the two camps are worlds apart in terms of price.
 
Reactions: covcity4life
C

coop

Well-Known Member
  • Apr 21, 2017
  • #2,748
Hoffman on the phone in
 

AFCCOVENTRY

Well-Known Member
  • Apr 21, 2017
  • #2,749
Sisu are leaking to Les Reid. Hoffman has basically confirmed it.

They are Being unprofessional.

Assets of the club are negative
 

AFCCOVENTRY

Well-Known Member
  • Apr 21, 2017
  • #2,750
Details of offer are:

Club few assets
No home
No academy home
Ruston status unclear.

£1.2m upfront for change of ownership is generous.

50% of all player sales and ryton sale for next 5 years to Sisu.

Then money based on promotions

All adds up to £10m+ for Sisu doing nothing.

We will invest into club on a sustainable basis to get all the way to championship.

None of the investors are in for financial gain. They are supporters and what club to be successful.

Under Sisu the club has been in a downward spiral.

Subject to agreement we will have long term deal at Ricoh. Shop should be back there.Confident this will be happen.

Hoffman perplexed why they're not accepting. It's a hell of a lot more my offer than what Sisu paid.

I'm going to have a glass of wine. I'm annoyed and see what we do next. I'm angry with the way this is out in the public. I have good dialogue with Seppala.
Don't understand why offer is labelled as disarory.

I need to take stock and speak with people. I haven't spoke with the investors since bid rejected. All Sisu get is upside. We need to sort out how the negotiations are being conducted.

My letter states proof of funds will be made. Investors will be identified. But the negotiations are being conducted in open so they're not happy. I'm happy to put my name as a principal investor. Investors don't want their names leaked at this stage.
 
Last edited: Apr 21, 2017
Reactions: Covstar, dongonzalos, covcity4life and 7 others

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,751
AFCCOVENTRY said:
Details of offer are:

Club few assets
No home
No academy home
Ruston status unclear.

£1.2m upfront for change of ownership.

50% of all player sales and ryton sale for next 5 years to Sisu.

Then money based on promotions

All adds up to £10m for Sisu doing nothing.
Click to expand...
That's actually a decent offer. Double the up front and if they reject that I'll start not attending.
 
Reactions: covcity4life and Earlsdon_Skyblue1

SkyBlue_Bear83

Well-Known Member
  • Apr 21, 2017
  • #2,752
AFCCOVENTRY said:
Details of offer are:

Club few assets
No home
No academy home
Ruston status unclear.

£1.2m upfront for change of ownership.

50% of all player sales and ryton sale for next 5 years to Sisu.

Then money based on promotions

All adds up to £10m for Sisu doing nothing.

We will invest into club on a sustainable basis to get all the way to championship.

None of the investors are in for financial gain. They are supporters and what club to be successful.
Click to expand...
Don't care about any of that

Important question, is this dead in the water or are Sisu willing negotiate, open to selling? What does Hoffman have to say on that?
 
L

lifelongcityfan

Well-Known Member
  • Apr 21, 2017
  • #2,753
we should all refrain from buying season tickets....may force sisu's hand ,as they will have to put their hands in their pockets to fund next season or risk fuher decline... which makes the bid more attractive to them imo
 
Reactions: Brylowes

letsallsingtogether

Well-Known Member
  • Apr 21, 2017
  • #2,754
torchomatic said:
Not even signed. Does new CEO mean Fisher is finally going to get the boot?
Click to expand...
Well he couldn't have wrote, it did you see his face when we received the cup looked like some one had slapped him with a wet Fish.
Would have thought he could have raised even a smile........
 
Reactions: torchomatic

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #2,755
AFCCOVENTRY said:
HOFFMAN is on sky blues talk on cwr shortly
Click to expand...
The same Hoffman that was moaning yesterday about 'the club' making it known he had made a bid as it was supposed to be confidential?
 
Reactions: torchomatic

Great_Expectations

Well-Known Member
  • Apr 21, 2017
  • #2,756
AFCCOVENTRY said:
Details of offer are:

Club few assets
No home
No academy home
Ruston status unclear.

£1.2m upfront for change of ownership is generous.

50% of all player sales and ryton sale for next 5 years to Sisu.

Then money based on promotions

All adds up to £10m+ for Sisu doing nothing.

We will invest into club on a sustainable basis to get all the way to championship.

None of the investors are in for financial gain. They are supporters and what club to be successful.

Under Sisu the club has been in a downward spiral.

Subject to agreement we will have long term deal at Ricoh. Shop should be back there.Confident this will be happen.

Hoffman perplexed why they're not accepting. It's a hell of a lot more my offer than what Sisu paid.

I'm going to have a glass of wine. I'm annoyed and see what we do next. I'm angry with the way this is out in the public. I have good dialogue with Seppala.
Don't understand why offer is labelled as disarory.
Click to expand...

Reasonable to be honest.

If SISU reject the next one (which by definition will be an improvement) I think we're in trouble. Their (unrealistic) returns expectation from the money they've put into the club (I.e. the loans referred to in their last statement) is going to be a stumbling block.
 
Reactions: clint van damme and torchomatic

Earlsdon_Skyblue1

Well-Known Member
  • Apr 21, 2017
  • #2,757
Decent offer by the looks of it.

Now trying to explain to the missus in the City Arms why I'm on SBT and not paying her any attention...
 
Reactions: Astute, Covskyblue, covcity4life and 5 others

SkyBlue_Bear83

Well-Known Member
  • Apr 21, 2017
  • #2,758
SkyBlue_Bear83 said:
Don't care about any of that

Important question, is this dead in the water or are Sisu willing negotiate, open to selling? What does Hoffman have to say on that?
Click to expand...
Anyone?
 
S

scubasteve

Well-Known Member
  • Apr 21, 2017
  • #2,759
chiefdave said:
The same Hoffman that was moaning yesterday about 'the club' making it known he had made a bid as it was supposed to be confidential?
Click to expand...
Well nothing seems confidential if the club are constantly leaking all the info to les Reid and the coventry observer. What's the point of Hoffman keeping it confidential, if he knows they will leak it hours later, he may aswell be open and honest from his side.
 
Reactions: Astute, Monners, CovFan and 1 other person

torchomatic

Well-Known Member
  • Apr 21, 2017
  • #2,760
They want lots of cash and they want it now. Not going to happen so I think unfortunately we are stuck with them.
 

skybluetony176

Well-Known Member
  • Apr 21, 2017
  • #2,761
So Italia said it would all happen today and it seems to. He also said it would be time to choose sides. Having just heard Gary Hofmann on the radio with details of his bid it's probably a bit hard to argue with him on that score either.
 
Reactions: Covstar, Astute, chickentikkamasala and 7 others
T

theferret

Well-Known Member
  • Apr 21, 2017
  • #2,762
chiefdave said:
The same Hoffman that was moaning yesterday about 'the club' making it known he had made a bid as it was supposed to be confidential?
Click to expand...

Just listened to the interview and to be fair it was made clear a number of times by SL that Hoffman wasn't keen to go on and that he only agreed when news of the rejected bid was leaked to Les Reid. Sounded uncomfortable and extremely unhappy with what has go on in the last 24 hours. Thought he spoke honestly, and he is obviously under no illusions that by putting his chin out he is going to get hit (his words). Ultimately this is someone willing to take flack and throw his own money down the drain in an attempt to wrestle control of a basket-case of a club away from SISU. Can't believe he is getting stick for that.
 
Reactions: Astute, dongonzalos, Covskyblue and 12 others

Voice_of_Reason

Well-Known Member
  • Apr 21, 2017
  • #2,763
They are not accepting responsibility for all the previous nine years then? Losing the Ricoh, selling Ryton, losing Higgs, relegation from the Championship? Administration? These are the reasons we want SISU OUT!
 
Reactions: Astute and covcity4life

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,764
torchomatic said:
They want lots of cash and they want it now. Not going to happen so I think unfortunately we are stuck with them.
Click to expand...
If there is a decent offer in front of them and they stay put then it will change my stance completely.
 
Reactions: Astute, covcity4life, Skyblueweeman and 4 others

skybluetony176

Well-Known Member
  • Apr 21, 2017
  • #2,765
Can't see them getting a better offer than that unless GH and his consortium come back a third time.
 
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