Covstu
Well-Known Member
totally not, nowt for transfers but they must be paying the bills somehow? Surely they cannot be that niave to think that the club is self sustainable particular now!!
Have SISU even offered any funding at all for next season. Isn't CCFC supposed to support itself as far as they are concerned?
If sisu are going bust Itl be down the the so called acting chairman John Clarke he constantly uses the clubs account for himself,last nite he had a boardroom full of his mates eating and on the piss at the clubs expense,we should all get round to block one Saturday and embarrass him,he's a disgrace to the people of coventry
totally not, nowt for transfers but they must be paying the bills somehow? Surely they cannot be that niave to think that the club is self sustainable particular now!!
That was at the Ricoh last nite,he's always sponging off the club he doesn't go away games he just gets pissed in the boardroom with his mates on the clubs money the booked a total twat
Enlist Sky Blue Sam, no-one'll see it coming!
One question ... if sisu haven't invested own money, how can relegation make them go bust?
SISU WILL NOT GO BUST THEY HAVE £Millions
The only part of there organisation that is loosing money is CCFC.
Our club is dying and although Richardson started this SISU are going to finish it.
City fans are famous for just siotting on there arses and all shoutng "Sisu out" but very very few actually do anything more than a whimper.
lets hope keys has some good news for us soon
SISU WILL NOT GO BUST THEY HAVE £Millions
The only part of there organisation that is loosing money is CCFC.
Our club is dying and although Richardson started this SISU are going to finish it.
City fans are famous for just siotting on there arses and all shoutng "Sisu out" but very very few actually do anything more than a whimper.
According to their last filed accounts dated 09.08.11 for yr ended 31.03.11 they had a bit less than that as cash in hand. The princely sum of £754k. They had a total net worth of just £824k. Total current liabilities of £423k and Total Current Assets of 1.53 million. The company itself, therefore, has absolutely no chance of bailing the club with more cash. The only way it could so is go to its investors for a fresh round of cash and based on the sad plight of your club with respect i think that is about as likely as an iceberg hitting the ricoh arena.
Of course, those figures could look a whole lot healthier when they submit their accounts for yr end 31.03.12 and they have up to 9 months to do so. However, since 2006 those 4 figures have ALL been on a downward trend. The question remains, if I was close to the club, is why Ray Ranson (as I understand it the previous majority owner or figurehead? ) sold to Sisu in the first place... Sure, he needed to get out, that much i assume is certain but it tells you an enormous amount about the man who is supposed to be a hero around your parts, right? I would suggest he is no friend of Coventry City but thats obviously open to huge conjecture.
Ray Ranson was employed by SISU as chairman. He left due to players being sold by SISU over his head (allegedly). Gary Hoffman, who was vice chairman resigned shortly before for the same reason.
Its pretty clear: SISU tired of the club continually losing money. They either tired of it and/or ran out of funding.
Ranson and Hoffman wanted to persist with CCFC losing money. But that was unsustainable.
Portsmouth and Rangers will tell you that
What actually annoyed me in the time running up to that is being told constantly the club was in a good financial position.
So Sisu have no responsability to shoulder for this current situation?... Great business people have a plan a short mid and long term they have been here 3 years and that plan was to cut the wage bill... Please,, you cant have it both ways if the position they found themselves in was brought on by others they should look to resolve it not stumble until they have no other course of action than to not pay rent!!!!!!
So although R and R have some Blame no way is it completly their doing what SISU have decided for the club over the last 3 years....
Take the SISU blinkers off,, and anyway when did they come out and speak last or give any explaination for anything... they done care
Appreciate the clarification on that important point.Ray Ranson was employed by SISU as chairman. He left due to players being sold by SISU over his head (allegedly). Gary Hoffman, who was vice chairman resigned shortly before for the same reason.
Even when SISU took over and the fans were busying themselves imagining spending that money on new players (remember the "Coleman worked in Spain so lets sign Spanish players" belief?), I believed that we would have one small chance at promotion, which would likely fail due to the increasing competition in the Championship. I then decided that relegation would be likely inside 5-10 years and settled on the season 2011/12 as the season we would be relegated.
This wasn't a display of amazing foresight and intelligence*; rather it was an objective appreciation of the situation the club was in.
I agree with you: SISU don't care - which is incidentally why the "SISU Out" campaign won't work. Nor will trying to embarrass them in the media. If they don't care, they won't feel guilty or get embarrassed. But SISU never cared about CCFC - remember they were welcomed with open arms. Remember the taunts to Southampton fans?
This was an investment opportunity, this was SISU's risk, their speculate to accumulate option. But it was a finite investment, that much was clear from the start as was their unwillingness to stay with the club for the long-term.
They ran out of money and ran out of patience with a club that continued to lose money and continued to fail on the pitch.
So - fans can't have it both ways - this was always a short-term plan with limited funds. The plan was judged to have failed and the money ran out.
Endex.
This has never been "SISU bad" or "SISU good". It is about CCFC and it's future. This club cannot ever hope to survive on borrowed money indefinitely.
Sooner or later, it has to become a viable entity
* Yes, it was.
Tweet by Richard Keys
Deal not off but relegation changes the deal SISU GOING BUST
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Will get Gary on Talksport but after the season ends
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