All costs cut to the bone, Div 1 football = lower crowds and less money from TV/Adverts etc. So still going to lose money. How do they get out of this downwards spiral?
Only 2 ways I can think of short of cutting their losses and leaving;
1. Invest money to buy ground and then develop surrounding area hotels etc using football as a loss leader.
They have neither a plan nor the finance to move our club forward. They are spivs who need to move on asap. As for getting hold of any part of the Ricoh NO, NO and NO again. If they got hold of this asset does anyone sreiously think that it would benefit either the city of Coventry or its football club?
So we are all expecting SISU to just give up the huge sums loaned to the club and sell to the long queue of buyers forming outside the ground? Get real even a Euro lottery win would not do the trick.
We have to live within our means and the only way to increase revenue is to keep unearthing players in lower leagues and the academy and selling them on and for the ground to be full every week and I mean every week even when we are not playing. Otherwise it is all over and we will not be a going concern. People will not keep funding the sinking ship. Sorry but having looked at the accounts you would not touch the business with several barge poles tied together! PUSB
What I do know is that Tim Fisher [owner of Calimere Point] and Director of the 3 businesses was instrumental in putting the package together for the Addicks sale in 2011, although it did include the fixed assets of the club! BUT bear in mind he had nothing whatsoever for the Addicks promotion!
go back to the plan Ranson was trying to do before SISU bottled it and withdrew the funding..
Buy up cheap quality young players, like we did with Dann, Fox, Gunnarsson, Westwood... play them, develop them, sell some of them in the summer for £2m to £4m. Buy some more... repeat year on year... yes it means we would be a "selling club" but for gods sake, we HAVE TO BE! We can't make money any other way.
The problem is they didn't re-invest and let lots of them go for nothing at the end of their contracts.. utter folly.
All costs cut to the bone, Div 1 football = lower crowds and less money from TV/Adverts etc. So still going to lose money. How do they get out of this downwards spiral?
Only 2 ways I can think of short of cutting their losses and leaving;
1. Invest money to buy ground and then develop surrounding area hotels etc using football as a loss leader.
The reality is that SISU may not have been the best owners of the club but they have been the most financially sensible.
There are some very silly fans out there who think SISU have been the worst owners out there when the real culprits are Richardson and Robinson.
It is also very amusing to see the gross hypocrisy of those fans who criticise SISU for not spending money when those same fans wont spend their money on tickets.