Grendel
Well-Known Member
Name one other council that has taken that stance
The Council or SISU? (1 Viewer)
- Thread starter rob9872
- Start date
Name one other council that has taken that stance
Mary_Mungo_Midge
Well-Known Member
Ah the infamous 'name one' challenge from Grenduffy. Let me try it on you:
Name one council that's had to deal with a club, the directors of whom shake hands on a Heads Of Terms agreement; only then to renage like charlatans
J
Jack Griffin
Guest
Name one council with a part share of a stadium that that has been faced by a rent strike from its tenants?
Grendel
Well-Known Member
Can't answer the question so more childish insults
Answer this question. If the final solution is sisu get there way - notional rent and all revenues - or the club get liquidated what would be you preference.
J
Jack Griffin
Guest
Tactic #2, changing the subject again because you've got no answers..
Grendel
Well-Known Member
Hull city Ipswich town and Doncaster.
Ipswich is the most interesting. Read up and educate yourself.
SkyblueBazza
Well-Known Member
Thanks...my sentiment exactly
Grendel
Well-Known Member
Tactic #2, changing the subject again because you've got no answers..
There is no question to answer. The person who made the accusation never attended the meeting. Fisher acknowledged that the rent offer was reasonable (still disgusting by league one standards) but wants the revenue generated. Not unreasonable, if you lease a shop from the council do they keep the sales revenue?
MMM is assuming the agreement was verbally agreed. Was MmM present at the meeting?
Grendel
Well-Known Member
So you were at the meeting?
dongonzalos
Well-Known Member
I didn't enjoy that game last time you played it with me.
You asked me to name one scout who became a successful manager.
I did, then you told me to name another one
I felt it was a game at some point I was going to lose!
Grendel
Well-Known Member
No scout has ever made a successful manager - what ate you on about?
SkyblueBazza
Well-Known Member
You cannot answer the question posed back either though can you? The point we're making is that other situations, however similar, have little bearing on this situation.
dongonzalos
Well-Known Member
Been away for a whole I take it, it has come out now that the rent offer wax actually around 150k a year.
Anyone get the feeling SISU actually don't want to sign a deal till they know where they will be next season.
Anyone get the feeling SISU actually don't want to sign a deal till they know where they will be next season.
Grendel
Well-Known Member
I've answered the question. I don't believe there was an agreement. We're you there?
Grendel
Well-Known Member
It was £400,000 a year?
SkyblueBazza
Well-Known Member
What meeting? You're really going off on one now aren't you?
Mary_Mungo_Midge
Well-Known Member
I've never seen you flounder so much Grenduffy. And that's saying something.
You even talk in terms of 'this board' as if the latest cast of characters is better than the others. It may be, but are you making distinction between the Waggott and Fisher partnership, or Fisher only, or Onje, Brody or Ranson? But I tell you why it's irrelevant. Obviously a Heads of Terms was agreed by the present board with ACL. But they went back to 'Mother Bee' and boy did those naughty boys take a bollocking. And they back-tracked like a French infantryman.
Conclusion? It's Joy who's pulling the strings. And all the other names I list above had Auntie Joy standing on their shoulder pulling the strings. And if she can't be bothered to be at the table, in person, now - with the stakes as high as this - then that's a damning indictment of the position you're failing to defend
You even talk in terms of 'this board' as if the latest cast of characters is better than the others. It may be, but are you making distinction between the Waggott and Fisher partnership, or Fisher only, or Onje, Brody or Ranson? But I tell you why it's irrelevant. Obviously a Heads of Terms was agreed by the present board with ACL. But they went back to 'Mother Bee' and boy did those naughty boys take a bollocking. And they back-tracked like a French infantryman.
Conclusion? It's Joy who's pulling the strings. And all the other names I list above had Auntie Joy standing on their shoulder pulling the strings. And if she can't be bothered to be at the table, in person, now - with the stakes as high as this - then that's a damning indictment of the position you're failing to defend
Mary_Mungo_Midge
Well-Known Member
No hedge fund has even successfully run an English football club at this level. What are you on about?
Grendel
Well-Known Member
So you have evidence that the agreement was agreed with ACL. Now that is sensational. Please provide evidence.
dongonzalos
Well-Known Member
Originally Posted by Grendel:
No scouts go straight into the job - name one.
Dongonzalos
Frank Gregan
dongonzalos 10:00 PM 02-08-2012
Originally Posted by Grendel:
Any way Don was he an unqualified success and where is he now
Dongonzalos
Back to back promotions.
Edit Reply
Grendel
Well-Known Member
Manchester United are technically owned by a Hedge Fund.
Mary_Mungo_Midge
Well-Known Member
ACL have stated it was yesterday. Do you have proof they're lying? If so, paste it right here.
And forget semantics, address the point
Grendel
Well-Known Member
Er a difference from being a success?
Grendel
Well-Known Member
No one knows the club say one thing ACL say another. So you believe ACL I don't. Wow massive scoop there MMM.
SkyblueBazza
Well-Known Member
Ah...technicalities...you're running rings around us now
rupert_bear
Well-Known Member
Coventry City football club will never own a ground again, sad really, whether it's this one or a new one it will be run and built by outsiders who will call the tune to suit be it council, sisu or AN Other
Mary_Mungo_Midge
Well-Known Member
No they're not. It's controlled by a Delaware-based organisation you know nothing about. To claim its a hedge fund is without any basis whatsoever
dongonzalos
Well-Known Member
No they were offered 150k
This is a statement from someone in the meeting.
All three directors said that is a figure we can work with.
They went through it step by step
They all reached an agreement it was on they all shock hands
SISU changed their minds.
dongonzalos
Well-Known Member
I thought this was common knowledge now?
Grendel
Well-Known Member
Fisher this morning said £400,000 and he confirmed that this was acceptable.
Mary_Mungo_Midge
Well-Known Member
Okay. I'll deduce - as will everyone else reading this - that you can't answer the question, so you'll refute reported facts and offer sarcasm.
The fact is, Seppalla still controls everything. Always has. Always will. Your trying to apportion blame to one board under SISU as opposed to others is a failure
dongonzalos
Well-Known Member
Next post you asked if he was a success he got back to back promotion after becoming a manager straight from a scout which is what we wanted to do.
Grendel
Well-Known Member
The majority of the cash used by Glazer to purchase Manchester United came in the form of loans, much of which were secured against the club's assets, incurring interest payments of over £60 million per annum. The remainder came in the form of PIK loans (payment in kind loans), which were later sold to hedge funds. Manchester United was not liable for the PIKs, which were held by Red Football Joint Venture Ltd and were secured on that company's shares in Red Football Ltd (and thus the club). The interest on the PIKs rolled up at 14.25% per annum. Despite this, the Glazers did not pay down any of the PIK loans in the first five years they owned the club. In January 2010, the club carried out a successful £500 million bond issue, and by March 2010, the PIKs stood at around £207 million.[1] The PIKs were eventually paid off in November 2010 by unspecified means.
...I said tecnically. A large proportion of debt is secured by a hedge fund
Mary_Mungo_Midge
Well-Known Member
I hoped you'd fall for that. Copying and pasting Wikipedia when you refute what's in The Telegraph:
http://www.coventrytelegraph.net/news/coventry-news/2013/02/14/acl-statement-on-collapsed-ricoh-arena-talks-92746-32811178/
Too easy....
dongonzalos
Well-Known Member
No Dr Martin Reeves confirmed he personally shock hands with all three directors the deal was done bar the signatures it was for 150k
They were able to offer 150k because of what the council did.
They could no go that low before.
The directors were really pleased with that offer and everything else including Tim Fisher.
Off they went then they reneged
