How many more times must it be said......Sisu's only interest in CCFC is the stadium and surrounding areas. They will not be happy with anything short of that. Having got it they will be off in a flash and to hell with CCFC. Coventry City Council are well aware of this and as a result will not negotiate with them.
Hand the club over to the council????? Lol
I'm out!!!!
I may be delusional or just full of wishful thinking, but i can't see the council playing hard ball as they are if they didn't have something more going on than anyone knows regarding another interested party. They have all of a sudden become very confident about dealing with Sisu to the point where its sign or get out, for them to do this is pretty strong wording. We all agree the ground needs the club and we know ACL understand this so might be someone in waiting, as in football there always is ball is firmly in Sisu's court.
Good or not its the only thing Richie
Well as I see it, your pretty much hitting the nail on the head there Chipfat!
We all know SISU specialise in buying companies who are stuck in debt but have large potential for profit. They pay off said debt and then work towards making the company viable. They then sell it on.
When they buy a company and it backfires, instead of jumping ship, they work the angles, trying to find any way they can of getting their investment to work or at least getting back the money they initially spent on the company.
If we go with this idea, it becomes clear why they've stuck with CCFC for so long. They started to make a loss right from the start. They tried to renegotiate the deal for the rent after the first 4 months of owning CCFC.
That obviously didn't work did it or we wouldn't be having these problems. It could mean that ACL and the Council didn't trust them even then! Since they've taken over, they tried everything they can to make CCFC a viable concern.
It's not worked. They've had offers from interested parties (Hoffman) but have refused because the offer they received wasn't to their liking. We know Hoffman offered them one shiney pound and the promise of taking all the debts over.
What SISU wanted (and still do) is their initial investment back, even though the club isn't worth that anymore. Then you look at their attempts to bankrupt ACL, another attempt to make some easy money and now even thats backfired.
If it had worked, i reckon they would have tried to purchase ACL themselves, therefore absorbing the company in their holdings and pretty much taking the half share in the ricoh for themselves.
If what you say is true Chipfat, then the Council have worked out SISU's plans and have frustrated them at every turn. Now they have a noose around SISU's neck and they'll continue to tighten it until SISU give in and hand the club over to them.
Then the buyers you mentioned can swoop in and take over for that mythical golden pound lol It would mean a 10 point deduction next season and possibly having to sell or let go of most of our players but it would offer us a chance to begin again!
Whether that's a good thing remains to be seen.
Pretty much my take on it too. Difficult to see where else sisu can go.
Bet they wish they'd baled out to GH now.......they've been awful for the club and city....only an idiot could think otherwise.
Pathetic.,,..
Their not going to go, another pointless thread.
For the club to compete inside Fair Play rules they considered this offer still pointless. Without seeing the figures and projections, neither of us can decide was a fair offer.
Mutton & Co are trying to hold on to a revenue stream that his slowly killing the club. SISU leaving will not change that.
Big meeting with Sisu lawyers on Monday as per TF comment, lets hope the decision is made in regards to what they plan to do with CCFC. As no matter who u believe this situation cannot carry on and funding it may be an even harder sell to lawyers who see no return on company money.
They will deal with someone if they trust them.
Someone else Grendel. Investors interested
Apologies...again, I've not had the time to read 9 pages. Sorry about that.
I agree entirely with the sentiment of your post. It would be great if they did one and we had new owners who simply threw millions into the first team so we could get promotion to the Championship and then to the Premier League. I want that more than anyone...even as a supporter from afar, I really do. And I'm totally on board with your thoughts.
However....how many individuals/parties/groups/conglomerates (?) etc are queuing up to buy us right now? NONE. Whilst we're in this situation, which is partly SISUs fault (As well as ACLs, Cov City Councils, Richardsons, McGinnitys, Keys, Hoffmans, Mine for not going as much as maybe I could've etc etc), there's no alternative.
Until an Ambromovic/Skiek Mansoor type follows Godivas hoof-steps into the city, we're 'stuck' with our current owners. I am (and always will be) thankful that we didn't go into adminstration and thank SISU for that. I have however relaxed my stance in the past 24 months as they've made mistakes and they're the reason why we are where we are.
That said, they've admitted they've made mistakes and its been known that under the new FFP rules, changes must be made. Regardless of what you think, SISU are more qualified to make decisions on this and make us viable and rule-worthy, than you or I.
I also wish for new owners. But until someone with a stupid amount of money and no common sense comes into town, we have SISU who continue to play player wages, police costs etc. Without them as it stands, the hardcore would be shopping with their other halves on a Saturday.
WM
Comforting for fans of CCFC. The Council are supporters of the club apparently.
I may be delusional or just full of wishful thinking, but i can't see the council playing hard ball as they are if they didn't have something more going on than anyone knows, regarding another interested party. They have all of a sudden become very confident about dealing with Sisu, to the point where its sign or get out, for them to do this it's pretty strong wording. We all agree the ground needs the club and we know ACL understand this, so might be someone is in waiting, in football there always is, so now the ball is firmly in Sisu's court and maybe's Monday's meeting will shed some light.
If my memory serves me well didn't the Tory side of CCC vote against the planning application to build the Arena.....supporters when it suits them it seems...just like the extra 20K who turned up a couple of weeks ago...
Incorrect, they voted against the Club selling its shares of ACL to the Higgs Trust. They wanted to postpone the Ricoh project until the club got its finances in order.
Ha, the only people that would be out shopping would be those who wouldn't watch us if we were non league like Grendel
This is probably the best reason of all.
Get rid of Sisu AND their sycophants:claping hands:
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