hitmanhearns
Active Member
So, in 2007 SISU takes over a mismanaged club with running costs that they believe can be turned around or atleast cut to managable levels, as this is what SISU Capital does for a living.
They also see the chance of aquiring a stake in the arena which we all know is the reason why they invested in the first place.
SISU Problem no.1- RECESSION, crowds starts to slowly dwindle hand in hand with poor results, SISU cannot turn around the running costs as planned due to falling crowds.
This is the worst case scenario for SISU as they prob did not excpect things to get worse then they were when they took over both teamperformance wise and crowdwise.
SISU problem no.2- They could not aquire a stake in the arena as the council, as stated today, needed to see " a sustainable business strategy" to discuss a possible sale. This is not possible for SISU to present as crowds are too low i.e running costs too high.
SISU problem no.3- Administration-means they will loose their investment, they are basically forced to invest further to protect what they already put in.
Were SISU waiting for someone (Hoff?) to come in and take us off their hands? And Hoffman (or any other investor) could not find backers which meant SISU were forced to put another 8 mill in to avoid admin and save their total investment? Mind u SISU waited til the very very last minute to put this money in..I believe they were waiting for someone.I also believe they did not, under any circumstances, wanted to put this money in, they were forced to as no one would come in and take over.
Would u agree this is a somewhat accurate assesment?
Any input?
They also see the chance of aquiring a stake in the arena which we all know is the reason why they invested in the first place.
SISU Problem no.1- RECESSION, crowds starts to slowly dwindle hand in hand with poor results, SISU cannot turn around the running costs as planned due to falling crowds.
This is the worst case scenario for SISU as they prob did not excpect things to get worse then they were when they took over both teamperformance wise and crowdwise.
SISU problem no.2- They could not aquire a stake in the arena as the council, as stated today, needed to see " a sustainable business strategy" to discuss a possible sale. This is not possible for SISU to present as crowds are too low i.e running costs too high.
SISU problem no.3- Administration-means they will loose their investment, they are basically forced to invest further to protect what they already put in.
Were SISU waiting for someone (Hoff?) to come in and take us off their hands? And Hoffman (or any other investor) could not find backers which meant SISU were forced to put another 8 mill in to avoid admin and save their total investment? Mind u SISU waited til the very very last minute to put this money in..I believe they were waiting for someone.I also believe they did not, under any circumstances, wanted to put this money in, they were forced to as no one would come in and take over.
Would u agree this is a somewhat accurate assesment?
Any input?
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