Can somebody please explain to me why these cretins are still clinging to power over CCFC? They are hated by most fans (and must know this), they have not one iota of an idea how to move the club forward and as a result will simply end up losing more money. Their judicial review will get nowhere. Please help me understand their mindset here!
Sisu (13 Viewers)
- Thread starter Tonylinc
- Start date
It's obvious they dont want to be here either.They were looking for a way out a few years ago but the deal fell through.Agree though they're not going to get the ground and they losing money everyday,only they know why they're still here.I would have thought that they would taking the first offer on the table.
dongonzalos
Well-Known Member
The only thing I think is that they are hoping to confirm they still have control so Mr Haskell has to come directly to them.
However I don't think he will.
If that doesn't happen I think they then hope to blackmail the council by threatening to take the club away and break ACL by not having the club at the Ricoh.
The hope been that they will get very favourable terms to stay or return. Ultimately they take over ACL's role. With the hope Higgs have enough and just want out and the council agree so they can go.
I don't think their plan will work.
However I don't think he will.
If that doesn't happen I think they then hope to blackmail the council by threatening to take the club away and break ACL by not having the club at the Ricoh.
The hope been that they will get very favourable terms to stay or return. Ultimately they take over ACL's role. With the hope Higgs have enough and just want out and the council agree so they can go.
I don't think their plan will work.
bigfatronssba
Well-Known Member
<p>
That's simple to understand yet there is more chance of Andy Thorn being the next utd manager than sisu getting their money back.
That's simple to understand yet there is more chance of Andy Thorn being the next utd manager than sisu getting their money back.
And can you tell me how they think that they can get it back without any sort of ownership of the stadium
ohitsaidwalker king power
Well-Known Member
They have failed in every single one of their manifesto promises upon their arrival... I cannot think of one element of the football club that they have improved upon.
- We are now deeper in debt than before.
- Have an all but untenable (literally) relationship with the landlords.
- Play in a lower league.
- Player values are at an all time low(assets).
- Fan relationships at an all time low.
Are they really that stupid to think they'll get any money back considering were losing money on a weekly basis plus they owe ACL over a million as it is
Exactly; so how on earth can they expect a return?
ccfc92
Well-Known Member
because they are hedge fund wankers who think football is a business and things will "pick up" without major investment
Nick
Administrator
letsallsingtogether
Well-Known Member
Really how much?
Started with 60m debt
still have 60m debt
Had a squad with most players on about 10 grand a week
Sold all the top players for good money (undisclosed of course)
Got all existing players for free
Pay an average of about 2 grand
So whole club including the training ground properly worth 2 mill owe ACL over a Million
So how much is a club like that worth
Started with 60m debt
still have 60m debt
Had a squad with most players on about 10 grand a week
Sold all the top players for good money (undisclosed of course)
Got all existing players for free
Pay an average of about 2 grand
So whole club including the training ground properly worth 2 mill owe ACL over a Million
So how much is a club like that worth
Isn't this just normal business for SISU? By definition don't they run all non profitable parts of businesses into the ground trying to cash in on the profitable part? This gamble has not worked out for them, but like dongonzalos says of course they will have plans. The emotional/fans/public part of it they are not bothered about in the slightest, just cold hard business.
Think they're way out of their league on this occasion.Even they dont know how to get out of it.The fact they are threatening to move the club out of coventry is the last throw of the dice.If that doesn't force acl into a corner and come back with a new offer there's nothing left for them to try.If the administrator is true to his word and stays neutral in this the only outcome is new owners.Wont hold my breath on that though.
Delboycov
Active Member
What was the matter with the last offer that was accepted only to be subsequently reneged on by SISU?
Nothing.They said the new rent offer was acceptable but without the matchday revenue there was no point in accepting it.But they're quite happy to move out of coventry where they will still have to pay rent ( not as much as the RICOH) and they wont get a penny of the match day revenue.But its never been about the fact they can't afford the rent.They've always said they have to own the ground to make the club run.Not going to happen.
stupot07
Well-Known Member
They won't get all their money back, but they will want to get as much as possible back.
stupot07
Well-Known Member
Probably by making the books balance and biding their time for the right offer. Do you expect them to walk away with nothing in return?
stupot07
Well-Known Member
They will get some back through Avro being the priority creditor..
Mucca Mad Boys
Well-Known Member
The 60m is obviously debt from other ventures dumped on CCFC like the Glaziers did at Man U, and other owners do. Intelligent from SISU, but very cuntish.
stupot07
Well-Known Member
The sad thing is that football is a business now
Correct, even if pk4 comes in, any money invested will likely be in the form of loans adding to liabilities. Rich people don't tend to give money away.
Yes. Fuck them. I hope the bastards go bankrupt.
stupot07
Well-Known Member
What would you do if it was your money?
Samo
Well-Known Member
Quiet on this thread isnt it? None of the usual suspects talking about backtracking that's to come but already on that slippery slope themselves! You know who you are and I can empathise: you've made a bit of a fool of yourselves and your natuarally embarassed. It's ok, let it out. We can arrange for councelling. Put on some Marillion and pretend, just for a moment, that this whole sorry mess never happened.
Grendel
Well-Known Member
What's councelling? Surely you mean councilling - I think the clubs had enough of that though - don't you?
Mucca Mad Boys
Well-Known Member
Really?
There no valid points made in the OP, just a pointless rant, we know why SISU are still here, I wouldn't leave without a fight if I invested 40m+, I'd try get it back.
Whoever let SISU in the first place is truly accountable for this mess, and the people who let SISU in were...
Delboycov
Active Member
Exactly right and what they may save on rent they will lose in revenue as they won't get a fraction of the revenue they were getting from gates at the Ricoh with probably tiny crowds. They agreed the rent of £400,000, negotiated a percentage of other revenue streams and looking at the position we're in now they should've bitten their hands off...typical SISU though...have to take things too far. The chances of them getting the stadium for nothing which I believe was their end game doesn't look too likely now!
Nonleagueherewecome
Well-Known Member
Spot on analysis, sadly.
Nonleagueherewecome
Well-Known Member
Woah, has somebody got access to your PC or did you really type this?
Delboycov
Active Member
I'm sure he meant counselling but I see what you did there Grendel ;-)
Flying Fokker
Well-Known Member
Counselling?
Grendel
Well-Known Member
Sigh........the subtleties are lost on some.
sky blue john
Well-Known Member
Sisu will probably still make a profit on this venture but it will totally Feck are club up !!!
The more they add to the debt in terms of fees the better it is for them. They probably want the debt to get over a 100million.
The true figure of their investment is probably 10-20million. Any money they have borrowed within their group has probably been loaded with fees and interest.
whatever debt is left when they sell up they will get a percentage back through tax rebates.
The more they add to the debt in terms of fees the better it is for them. They probably want the debt to get over a 100million.
The true figure of their investment is probably 10-20million. Any money they have borrowed within their group has probably been loaded with fees and interest.
whatever debt is left when they sell up they will get a percentage back through tax rebates.
Sky Blue Kid
Well-Known Member
A pretty good summary, but for the first part. We were £30m in debt when SISU came in, and "Supposedly" had it wiped off. The only reason I can see that they are hanging on is the figures they quote are not right, and they are nowhere near £60m in debt. Remember this, nobody knows what those debts are(If any at all) Nobody in their right mind would chase £60m.