SISU ready to sell? (3 Viewers)

[chiefdave]

Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.

Is that just wishful thinking? Wasps in an 18K stadium in Birmingham makes a lot more sense than a 32K stadium in Coventry but in practice how would it work.

Is the thinking that someone comes up with the money for the bond payment and they get the stadium in return. I guess its not impossible but seems unlikely.

 

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[slowpoke]

Wishful thinking ? I’ve been wishing for years. SISU will probably deny it they are experts of raising hopes then dashing them, they don’t then does silence mean yes ? I live in hope and will put the champers on ice.

 

[SeaSeeEffCee]

Definitely reads like an article planted by SISU to drum up interest in the club.

 

[chiefdave]

If there is any truth in this someone like AEG would be ideal. Their portfolio lacks a midlands venue and they can easily place a huge number of music events in the hall. They also have a track record of buying teams and making a success of it

But we're never that lucky.

 

[AFCCOVENTRY]

I know it was rumoured that Sisu were looking for an investment partner to join them rather than sell. So it might be someone who can stump up the cash for the stadium and then become joint owners.

 

[Danceswithhorses]

If there is any truth in this someone like AEG would be ideal. Their portfolio lacks a midlands venue and they can easily place a huge number of music events in the hall. They also have a track record of buying teams and making a success of it

But we're never that lucky.

...and the kits would be lovely and clean after a quickwash cycle

 

[better days]

Any positive inside information?

Only that I heard ages ago from a powerful agent that several people had looked at the club and decided 'there's nothing there'
Of course having a stadium changes things completely

 

[AFCCOVENTRY]

Only that I heard ages ago from a powerful agent that several people had looked at the club and decided 'there's nothing there'
Of course having a stadium changes things completely

Now we know who your contact is. Seriously I thought you were the real deal?

 

[SkyBlueMatt]

And the interesting thing is the story is in the Business section - no mention of it at all in the Sports area
It looks to me like the owners are putting the club into play in the business community
It's even possible that they're already talking to a party but want other bidders to entry the fray

 

[oakey]

Dodged a bullet with this pair. One will be jailed if he comes back to the UK and the other is a crypto scammer

View attachment 25593

But, do you know if either still interested?

 

[Greggs]

Only that I heard ages ago from a powerful agent that several people had looked at the club and decided 'there's nothing there'
Of course having a stadium changes things completely

 

[Terry_dactyl]

Solid owner , we'd never be in debt .

He's not going to take us to the champions league but he'd take us to the Premier league

Bumbling around 15th-17th in the top flight sounds like hell/pretty much all the years in the top flight we’ve had to date!

 

[HuckerbyDublinWhelan]

The big question is how do we deal with a loss making stadium that needs £15m of work doing to it

 

[Covkid1968#]

I just ask for two things.

1. Do it all quietly behind the scenes like actual fucking professionals
2. Tell Dhinsa, Haskell, Evans, Hoffman, Elliott and any other clowns involved previously to fuck right off.

What a cluster fuck consortium that would be what about Chinese rail man… he needs an invite to that table… preferably via fax

 

[jimmyhillsfanclub]

The big question is how do we deal with a loss making stadium that needs £15m of work doing to it

Buy it, burn the c**t down & put a claim in.....

 

[slowpoke]

I would think IF this has legs any interested parties will be known Ashley is an obvious one could sisu be putting us in the shop window ? Hope so.

 

[Evo1883]

And the interesting thing is the story is in the Business section
It looks to me like the owners are putting the club into play in the business community
It's even possible that they're already talking to a party but want other bidders to entry the fray

Bumbling around 15th-17th in the top flight sounds like hell/pretty much all the years in the top flight we’ve had to date!

They weren't that bad

 

[Terry_dactyl]

They weren't that bad View attachment 25595

I’d take that then. Did they have a cup final under his reign or are my memories merging?

 

[Gibbo]

Anyone have a Times subscription as it's behind a pay wall?

I'm going to guess not many on here...

Hedge fund puts Coventry City football club in play

The hedge fund owner of Coventry City FC is open to offers from a buyer with the clout to capitalise on financial difficulties at Wasps, the rugby team that o

www.thetimes.co.uk

1. It took SISU 12 years and a load of managers to work out how to run a football club. Just when they have sort of cracked it they move on....

2. I suspect where we are is optimum SISU - mid-table Championship. The risk - reward in order to pursue Prem status is not in their mindset. I sympathize with that having seen what has happened Derby and other clubs.

3. The lack of spend is odd and might signify something. No major acquisitions like Hamer, O'Hare, Sheaf & Vik (I note three were loan convertions but they are still major acquisitions)

 

[JulianDarbyFTW]

I know I'll be in the minority, but I'm well past my hating Sisu stage. With the current state of the club, I think there are worse owners out there. Although perhaps it's like one of those relationships where I've had my spirit sucked out of me and I'm so brow-beaten that I just enjoy the quiet times with no arguments and think it's all going to end well.

 

[SeaSeeEffCee]

They weren't that bad View attachment 25595

Ashley would probably be alright as an owner of a smaller club like us. The issue at Newcastle is their fans think they should be a Champions League club and he was never going to provide the funding for that. I’d imagine he’d be willing to put enough in to get a Champ team to the Prem though. There must be something about it all that he enjoys given that he wants to get back involved despite getting abused for years at Newcastle.

 

[Terry_dactyl]

I know I'll be in the minority, but I'm well past my hating Sisu stage. With the current state of the club, I think there are worse owners out there. Although perhaps it's like one of those relationships where I've had my spirit sucked out of me and I'm so brow-beaten that I just enjoy the quiet times with no arguments and think it's all going to end well.

Stockholm Syndrome!

I thought I felt the same but when I saw this thread I got immediately excited at the prospect of them going. They probably aren’t though huh?

 

[slowpoke]

Overseas at the minute so info is sketchy. Anything been said on local news, CWR ?

 

[gazza]

I know I'll be in the minority, but I'm well past my hating Sisu stage. With the current state of the club, I think there are worse owners out there. Although perhaps it's like one of those relationships where I've had my spirit sucked out of me and I'm so brow-beaten that I just enjoy the quiet times with no arguments and think it's all going to end well.

if they’re not going to invest anything in the team and we have to sell our best players to fund any losses it’s just a matter of time before we either get relegated again or lose the manager, the sooner they fuck off the better.

 

[Kieranp96]

The ground is by no means a certain though. I'd come down more on the SISU need cash, here's a handy excuse to pretend it's a grand plan rather than a begging bowl.

They don’t need the cash , not seen their financial statements recently?

 

[fernandopartridge]

SISU is not using the Times to put the club in the shop window, prospective investors in football don't read small ads.

 

[slowpoke]

This is going to run to many pages

 

[SkyB]

Why are people saying that the CBS needs a £15 million revamp? Is there an article or something i've missed?

 

[Colin Steins Smile]

This is going to run to many pages

We could run a sweep stake on "how many pages of this thread before SISU sell the club". I'm going for 30,001.

 

[skybluetony176]

I’m not going to get too excited over this story. I can’t help but feel that this story has an element of stirring the pot. The Wasps defaulting on their bonds has hardly been headline news on the sports sections of the papers but report it as CCFC being sold so a new owner can take over the CBS and all of a sudden you have a load of people going “what? Wasp’s are default on debt? Last I heard they were the richest club in Rugby and now they’re bankrupt!”

Coupled with a we’re not arsed attitude to the council when the council come cap in hand saying we now need you to take over at the CBS. Early negotiation tactic to pick it up for next to nothing. Being a bully failed to pick it up for nothing so May as well pretend you’re doing the council a favour begrudgingly to pick it up for nothing.

I just can’t see SISU selling until they’ve got a combined package of CCFC and CBS available to sell.

 

[Kieranp96]

Would love them to go and us get a serious owner but tbh all I have known is sisu so anyone investing more than 5m is a major upgrade for me and probably a lot of our fan base.

 

[Grendel]

Sisu have nothing to actually sell. The club has no value other than the players. It’s a stir the pot story

 

[rexo87]

Sisu have nothing to actually sell. The club has no value other than the players. It’s a stir the pot story

In fairness the value of the squad is probably between 30-40m

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[Jamesimus]

Sisu have nothing to actually sell. The club has no value other than the players. It’s a stir the pot story

I definitely agree with this and don't think they'll sell, but also maybe they recognise the value of our current players is the highest is has been and will be for a while I imagine?

 

[Grendel]

In fairness the value of the squad is probably between 30-40m

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Is it? I very much doubt that and they are assets that are required not a value for sale - the club has no value and a Sisu fund owned debt mountain