Rumour: Hoffman and Elliot takeover negotiations (5 Viewers)

Samo

Well-Known Member
Perhaps the 'new CEO' is coming along with the rest of a new board? :happy:
 

RegTheDonk

Well-Known Member
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.
They are so dismissive of our opinions they put an open letter on the official web site.
 

covcity4life

Well-Known Member
New ceo will be vince macmahon. Only then woukd i back sisu to fix us

giphy.gif
 

SuperFred

Well-Known Member
"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.
 

AFCCOVENTRY

Well-Known Member
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
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.
 
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Liquid Gold

Well-Known Member
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.
That's actually a decent offer. Double the up front and if they reject that I'll start not attending.
 

SkyBlue_Bear83

Well-Known Member
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.
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?
 

lifelongcityfan

Well-Known Member
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
 

letsallsingtogether

Well-Known Member
Not even signed. Does new CEO mean Fisher is finally going to get the boot?
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........
 

Great_Expectations

Well-Known Member
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.

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.
 

scubasteve

Well-Known Member
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?
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.
 

torchomatic

Well-Known Member
They want lots of cash and they want it now. Not going to happen so I think unfortunately we are stuck with them.
 

theferret

Well-Known Member
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?

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.
 

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