seen this? (1 Viewer)

mark82 · Oct 18, 2013

Houdi said:
Well they stormed out of the Alan Higgs Centre, only having to return with their tail between their legs, when the alternative didn't seem so palatable. Perhaps you can explain even if the stadium was gifted to them, even though I expect that would be declared illegal, how could CCFC ever earn SISU over £60 million to recompense her investors. History is littered with companies that many people felt were inviolable, only for them to crash and burn. At the end of the day if fans stay resolute in their determination not to go to Sixfields, and so far the unity has been outstanding, then SISU simply can't ever win. A professional football club without fans is completely worthless.

It would give them a saleable asset. It might not recoup the full £60 million but it would go some way. Every business venture needs an exit strategy, maybe this is theirs.

Look, no-one thinks Sisu are great. They have caused such a mess for our club. Realistically, these are the options of how things will pan out over the next few years:

1. Sisu buy the Ricoh Arena and move the club back to Coventry.

2. We stay in Northampton for 3 to 5 years then move into our new 12,000 seater stadium outside Coventry with Sisu still in charge.

3. Sisu decide the only way to get any money back is liquidate the club and drag it through the courts for months until they get their own way and cash in on Ryton. We on the other hand have to start at the bottom of non league and still don't have a stadium and Ricoh would be unaffordable.

For me it is option 1 all the way.

I think people underestimate how good Sisu are at what they do.

shmmeee · Oct 18, 2013

Grendel said:
Any company who bought the club and the Ricoh would have them as separate companies. It would be stupid not to.

Why should Coventry taxpayers subsidise a private company? That's the only question here. Sisu have lost large amounts of money through poor management and the only way to make a return is to increase the value by buying the Ricoh below market value. Why should my council tax go to ensure millionaire Joy Seppala doesn't have a bad investment?

Even in your dream scenario, the club loses out:

Sisu pick up the Ricoh for peanuts.
Sisu sell the club & stadium for say £40m (do we seriously believe someone will pay this?)
Club now £40m in debt (standard practice to load the cost of acquisition onto the club, this is what Sisu did when "making us debt free")
Sisu walk away having lost virtually nothing.

How are we now in a better position?

I understand how Sisu want this, but what's the benefit for me as a CCFC fan?

mark82 · Oct 18, 2013

Jack Griffin said:
mark I'm afraid you don't understand how this war is being fought.

I do. It's "we want city back in Coventry", "oh not that way though" "only if it benefits my mate Peter over at ACL" "Sisu are nasty so I would rather we went bust and fuck over myself and my fellow fans"

Sound about right?

mark82 · Oct 18, 2013

M&B Stand said:
Why don't people want the club to own the Ricoh? Are they worried that the owners will set up a seperate company, take all the revenues from it and charge high rent to the club?

I think do, yes. They are more than happy for ACL to do it though.

mark82 · Oct 18, 2013

Sky Blue Harry H said:
That's got to be a valid concern. SISU want the Ricoh, but are not too fussed about the team.The one thing that SISU seem to be efficient at is ensuring that any money owed is owed by the club and not by SISU. And... any assets are owned by SISU and not by the club :thinking about::thinking about:

Not too fussed about the team. They turned down bids for key players in the summer. Think people live on another planet.

jaytskyblue · Oct 18, 2013

Stuart Linnell (MBE). Nikki Sinclaire and Les Reid support this campaign so it must be balanced, even handed, with no agenda. I expect they will all go on a demo outside Sisu offices next.

mark82 · Oct 18, 2013

shmmeee said:
Why should Coventry taxpayers subsidise a private company? That's the only question here. Sisu have lost large amounts of money through poor management and the only way to make a return is to increase the value by buying the Ricoh below market value. Why should my council tax go to ensure millionaire Joy Seppala doesn't have a bad investment?

Even in your dream scenario, the club loses out:

Sisu pick up the Ricoh for peanuts.
Sisu sell the club & stadium for say £40m (do we seriously believe someone will pay this?)
Club now £40m in debt (standard practice to load the cost of acquisition onto the club, this is what Sisu did when "making us debt free")
Sisu walk away having lost virtually nothing.

How are we now in a better position?

I understand how Sisu want this, but what's the benefit for me as a CCFC fan?

Taxpayers have just funded ACL to the tune of £14 million have they not?

shmmeee · Oct 18, 2013

mark82 said:
Taxpayers have just funded ACL to the tune of £14 million have they not?

No they have not. Next question?

Edit: for the hard of thinking: CCC took out a loan then loaned that money AT A HIGHER APR to ACL. It's a profitable commercial decision that will make the taxpayer money. Even more so when you consider it was made to protect an investment of over £100m that kind of relies of ACL being viable.

RPHunt · Oct 18, 2013

I will not sign this and I hope all right minded fans will not sign it.

It stinks to high heaven of SISU spin - all talk of a new ground has long disappeared and all we have had in the last few days is "let SISU have the Ricoh".

This is another clumsy attempt to sway public opinion and persuade people that the council are somehow responsible for providing a home for the football club. Local councils have a lot of duties and responsibilities, but one of them isn't to provide a home for a professional football club. Nor is it to provide the means for a private investment fund to recoup or make a profit on a failed investment.

The only party responsible for providing a home, is the owner of the football club. So SISU, let us see the plans for the new stadium or admit that it is not going to happen and approach ACL about the possibility of a lease at the Ricoh and stop encouraging your stooges to pressure the council into gifting you a home. Or, preferably, just sod off.

mark82 · Oct 18, 2013

jaytskyblue said:
Stuart Linnell (MBE). Nikki Sinclaire and Les Reid support this campaign so it must be balanced, even handed, with no agenda. I expect they will all go on a demo outside Sisu offices next.

The sameLes Reid and Nikki Sinclaire that have heavily criticised Sisu?

Where has this thing about Les Reid being pro Sisu come from? What utter bollocks.

shmmeee · Oct 18, 2013

mark82 said:
The sameLes Reid and Nikki Sinclaire that have heavily criticised Sisu?

Where has this thing about Les Reid being pro Sisu come from? What utter bollocks.

Maybe the fact that he continually champions Sisu's preferred outcome? Maybe because he suspiciously wrote this article days before being granted an exclusive interview by Seppala? Maybe because he attacks anyone who is not pro-Sisu?

Also, putting "I'm not pro-Sisu but" into articles like Les and this new splinter group do is identical to "I'm not racist but".

Find me somewhere where Nikki Sinclaire has criticised Sisu since meeting with Seppala and agreeing to help her investigate EU funding (what happened to that by the way, surely not more "costly legal action"?)

mark82 · Oct 18, 2013

shmmeee said:
No they have not. Next question?

Edit: for the hard of thinking: CCC took out a loan then loaned that money AT A HIGHER APR to ACL. It's a profitable commercial decision that will make the taxpayer money. Even more so when you consider it was made to protect an investment of over £100m that kind of relies of ACL being viable.

It's taxpayer money however it was obtained. Someone has to pay it back and at the current time ACL will struggle to do so.

shmmeee · Oct 18, 2013

mark82 said:
It's taxpayer money however it was obtained. Someone has to pay it back and at the current time ACL will struggle to do so.

No. It's. Not. It's the bank's money and it made ACL more viable so more likely to pay back the loan.

And again if ACL go bust CCC taxpayers lose an order of magnitude more than £14m.

Just because you really really want what you say to be true doesn't make it so. Sorry.

tonyok · Oct 18, 2013

This is not ACL or the Councils doing. SISU refused to pay the rent they signed up for. If they are genuine just buy the RICOH at its current market value. Do this and we will be behind them again...simple!

jaytskyblue · Oct 18, 2013

mark82 said:
The sameLes Reid and Nikki Sinclaire that have heavily criticised Sisu?

Where has this thing about Les Reid being pro Sisu come from? What utter bollocks.

No they havent and open your eyes.

mark82 · Oct 18, 2013

shmmeee said:
Maybe the fact that he continually champions Sisu's preferred outcome? Maybe because he suspiciously wrote this article days before being granted an exclusive interview by Seppala? Maybe because he attacks anyone who is not pro-Sisu?

Also, putting "I'm not pro-Sisu but" into articles like Les and this new splinter group do is identical to "I'm not racist but".

Find me somewhere where Nikki Sinclaire has criticised Sisu since meeting with Seppala and agreeing to help her investigate EU funding (what happened to that by the way, surely not more "costly legal action"?)

Well he is clearly not pro-Sisu. And what is wrong with him thinking that something Sisu offer is ok. We are not all that far gone we can only see one side of the coin.

Nikki Sinclaire - maybe Joy told her things that changed her mind? There is clearly more to this story than has been let out in public. Who knows?

mark82 · Oct 18, 2013

shmmeee said:
No. It's. Not. It's the bank's money and it made ACL more viable so more likely to pay back the loan.

And again if ACL go bust CCC taxpayers lose an order of magnitude more than £14m.

Just because you really really want what you say to be true doesn't make it so. Sorry.

Ditto.

mark82 · Oct 18, 2013

tonyok said:
This is not ACL or the Councils doing. SISU refused to pay the rent they signed up for. If they are genuine just buy the RICOH at its current market value. Do this and we will be behind them again...simple!

So that makes it ok to find a new owner for the club?

skybluefred · Oct 18, 2013

Baginton said:
They've stated several times they'd only be back as OWNERS,

local businesses are losing out on much needed money as a result of the club not playing in the city

its up to all sides to talk, everything must be done by supporters to get us back to the Ricoh.

Petition Signed and will attend council protest.

Fortunately ACL/CCC are not going to sell the Freehold or for that matter any part of the stadium to sisu.
The only business I have heard of complaining they are losing money is Hen Lane social club. Social Clubs are a dying breed and if they need a few quid from parking fees to survive it's time to close the doors.

Sisu have proved themselves incapable of speech--unless it's to issue threats.

I hope it rains heavily on the day of your fruitless protest. sisu out NOPM

skybluetony176 · Oct 18, 2013

i think the petition is a good idea.

hopefully it will force one of the council leaders to publicly invite joy diversion to meet woman to woman, Ann Lucas would be a good candidate. on the off chance that joy blanks her we can then start another petition hopefully Ann Lucas will again invite her publicly to a meeting. i mean what are the chances of joy blanking her twice, after all joy has publicly stated that the terms for return to the ricoh are definitely absolutely negotiable so there is definitely absolutely no reason why we cant get an outcome from this.

pugwash · Oct 18, 2013

mark82 said:
So that makes it ok to find a new owner for the club?

Yes. Sisu themselves stated that the club was not financially viable going forward, given the rent levels (even reduced) and other factors. They backed that up by putting it into administration. Why *wouldn't* they be looking for new owners? Doesn't mean that Sisu were obligated to sell to them.

Nick · Oct 18, 2013

When are the acl replica shirts going on sale? Some people on here are laughable.

skybluefred · Oct 18, 2013

[QUOTE=mark82;56 It might not recoup the full £60 million but it would go some way.

You believe that £60m figure then? Amazing.

mark82 · Oct 18, 2013

pugwash said:
Yes. Sisu themselves stated that the club was not financially viable going forward, given the rent levels (even reduced) and other factors. They backed that up by putting it into administration. Why *wouldn't* they be looking for new owners? Doesn't mean that Sisu were obligated to sell to them.

It's not their decision to make. Fine, put them in admin, kick them out, but not their place to find new owners.

No future with SISU · Oct 18, 2013

RoboCCFC90 said:
Everyone should be signing for the good of our club and for the good of our City, SISU have answered our questions it's now time for the Council and ACL to do the same..

SISU have answered the questions with lies and rumour after rumour. Where is the truth in any thing they say.

stupot07 · Oct 18, 2013

pugwash said:
Yes. Sisu themselves stated that the club was not financially viable going forward, given the rent levels (even reduced) and other factors. They backed that up by putting it into administration. Why *wouldn't* they be looking for new owners? Doesn't mean that Sisu were obligated to sell to them.

It's not ACL's job to dictate who our owners are.

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

mark82 · Oct 18, 2013

No future with SISU said:
SISU have answered the questions with lies and rumour after rumour. Where is the truth in any thing they say.

Please provide an example of a lie.

jaytskyblue · Oct 18, 2013

Nick said:
When are the acl replica shirts going on sale? Some people on here are laughable.

Oh dear, more abuse from the Sisu apologists with no evidence or discussion.
You do seem happier on GMK Nick, have a poll and handover the site to someone more in keeping with the majority view.

cloughie · Oct 18, 2013

mark82 said:
Please provide an example of a lie.

You are obviously visually impaired or deaf and so cannot access a radio or read news papers or any other sisu propaganda.

torchomatic · Oct 18, 2013

jaytskyblue said:
Oh dear, more abuse from the Sisu apologists with no evidence or discussion.
You do seem happier on GMK Nick, have a poll and handover the site to someone more in keeping with the majority view.

All hail the majority view. All hail the majority view.

Sent from my Galaxy S4 using Tapatalk 2

skybluefred · Oct 18, 2013

mark82 said:
Well he is clearly not pro-Sisu. And what is wrong with him thinking that something Sisu offer is ok. We are not all that far gone we can only see one side of the coin.

Nikki Sinclaire - maybe Joy told her things that changed her mind? There is clearly more to this story than has been let out in public. Who knows?

You mean you actually know somebody who believes a word Seppala says, ASTONISHING.

skybluetony176 · Oct 18, 2013

mark82 said:
Please provide an example of a lie.

how about timmys " like we always said, the players contracts rest in holdings"

how long did it take for leaked documents to prove that statement factually incorrect?

No future with SISU · Oct 18, 2013

theferret said:
It amounts to the same thing. Yes, I was being mischievous, but you have said yourself that CCFC returning to Coventry is of secondary concern to you. I think being in Northampton is hugely damaging to CCFC, but evidently you have more important things to worry about, like getting one over those nasty little hedge-funders.

If you think CCFC will be all right back at the RICOH with SISU in charge you are not looking at future. To understand where we are going you need to study the past and forget what SISU tell you. After 5 years down a league, £60m in debt, gates halved at the ricoh.The next 5 years of sisu at the ricoh down to league 2 £120m of debt and a extra £5m profit (the saved rent) for SISU.

stupot07 · Oct 18, 2013

skybluetony176 said:
how about timmys " like we always said, the players contracts rest in holdings"

how long did it take for leaked documents to prove that statement factually incorrect?

To be fair, the majority of leaked documents were for players that left 3-4 seasons ago, not the current squad so only really proved that ltd had traded and singed players in the past.

Grendel · Oct 18, 2013

shmmeee said:
No they have not. Next question?

Edit: for the hard of thinking: CCC took out a loan then loaned that money AT A HIGHER APR to ACL. It's a profitable commercial decision that will make the taxpayer money. Even more so when you consider it was made to protect an investment of over £100m that kind of relies of ACL being viable.

The way you defend the council you'd think you were council leader Scmeee

seen this? (1 Viewer)

Super Moderator

Well-Known Member

Super Moderator

Super Moderator

Super Moderator

New Member

Super Moderator

Well-Known Member

New Member

Super Moderator

Well-Known Member

Super Moderator

Well-Known Member

New Member

New Member

Super Moderator

Super Moderator

Super Moderator

New Member

Well-Known Member

New Member

Administrator

New Member

Super Moderator

New Member

Well-Known Member

Super Moderator

New Member

Well-Known Member

Well-Known Member

New Member

Well-Known Member

New Member

Well-Known Member

Well-Known Member

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency