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The end of Sisu? (2 Viewers)

  • Thread starter AFCCOVENTRY
  • Start date Sep 25, 2016
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skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #36
Grendel said:
The strategy was entirely down to ranson. From what I recall he was rather popular in these parts.
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Ranson was long gone when the council invited any serious offer.
 

Nick

Administrator
  • Sep 25, 2016
  • #37
Hobo said:
Most people rent business properties in London, few own them.
Click to expand...

I just meant literally an office, rather than a block or anything. Just a number on a door like the old Courtalds bit on Lockhurst lane, just a bit fancier.
 
Reactions: Hobo

AFCCOVENTRY

Well-Known Member
  • Sep 25, 2016
  • #38
Well moving from Mayfair to Kensington High St is downsize in London. They rent the office space.
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #39
skybluetony176 said:
They've certainly moved last November to Kensington High Street

https://beta.companieshouse.gov.uk/company/03413843/filing-history

Couldn't tell you if that's downsizing or not or even a worse postcode or not. Certainly doesn't sound as glamorous. I'm visualising (rightly or wrongly) a dingy office with a shared kitchen and toilet above a bookies
Click to expand...

Sole Trader is at 96A, Ryman at 96, so I guess it is somewhere in the offices above the shops, either that or they have been given a stock room by Theo Paphitis.
 

AFCCOVENTRY

Well-Known Member
  • Sep 25, 2016
  • #40
Sisu additionally lost their star players to another investment fund called Izurium Capital.
 
Reactions: singers_pore, The Penguin and Captain Dart

Nick

Administrator
  • Sep 25, 2016
  • #41
Ah I was on the other side of the road in the one next to H & M I did try to throw you all off the scent so you couldn't protest but it didn't work.*


*Or I was looking to see how posh it was but was on my phone so didn't do a very good job!
 

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #42
Might also explain the move to build houses on Ryton. They possibly don't have any intention of building on it or selling it of separately to the club but its a cheap and fairly easy process to get it approved as a housing development and an easy way to add value to the site and therefore club.
 
Reactions: torchomatic and Senior Vick from Alicante
H

hotrod

Well-Known Member
  • Sep 25, 2016
  • #43
AFCCOVENTRY said:
Well moving from Mayfair to Kensington High St is downsize in London. They rent the office space.
Click to expand...

It is all about creating an image.
 

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #44
Captain Dart said:
Sole Trader is at 96A, Ryman at 96, so I guess it is somewhere in the offices above the shops, either that or they have been given a stock room by Theo Paphitis.
View attachment 5686
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That doesn't look like a step up to me.
 

Nick

Administrator
  • Sep 25, 2016
  • #45
skybluetony176 said:
That doesn't look like a step up to me.
Click to expand...

Free pencils though!
 
Reactions: Captain Dart and skybluetony176

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #46
AFCCOVENTRY said:
Sisu additionally lost their star players to another investment fund called Izurium Capital.
Click to expand...

That can't be true. Tim Fisher is still here
 

Nick

Administrator
  • Sep 25, 2016
  • #47
skybluetony176 said:
Might also explain the move to build houses on Ryton. They possibly don't have any intention of building on it or selling it of separately to the club but its a cheap and fairly easy process to get it approved as a housing development and an easy way to add value to the site and therefore club.
Click to expand...

There was a guy on here (I think Martin) was saying he was looking at land for a client.

It would be interesting to know how much the land at Ryton is worth before the housing stuff as is, and then how much it would be worth after to see the jump.
 

oucho

Well-Known Member
  • Sep 25, 2016
  • #48
AFCCOVENTRY said:
I forgot to mention...he told me they have downsized their operations and moved to 'smaller premises' in London...
Click to expand...
This part at least is true. They previously had a whole floor at an office building in Mayfair. Checked just now and they have moved to Kensington High Street.

Edit - just seen that someone else has shown this already.
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #49
Nick said:
Ah I was on the other side of the road in the one next to H & M I did try to throw you all off the scent so you couldn't protest but it didn't work.*


*Or I was looking to see how posh it was but was on my phone so didn't do a very good job!
Click to expand...
Yeah I've made those mistakes on google maps b4 do I double check now, H&M's at 103 and the HSBC bank next door to sole trader has number 94 over the door..
 

Nick

Administrator
  • Sep 25, 2016
  • #50
I can see this being another thread most will agree on, I doubt nobody will shed a tear to see them go up the shitter as long as it means CCFC doesn't.

Although it would be nice to think they would be increasing the land value to make CCFC worth more I think it might be giving them too much credit.
 
Reactions: Hobo

Nick

Administrator
  • Sep 25, 2016
  • #51
Captain Dart said:
Yeah I've made those mistakes on google maps b4 do I double check now, H&M's at 101 and the HSBC bank next door to sole trader has number 94 over the door..
Click to expand...

Did you just zoom in to look at door numbers?
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #52
Nick said:
Did you just zoom in to look at door numbers?
Click to expand...
No I googled "H&M Kensington High Street London W8 4SG " & "Ryman Kensington High Street London W8 4SG ", but I saw the number after when I zoomed in and looked around cause I'm on my PC at home and I can
 

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #53
Nick said:
I can see this being another thread most will agree on, I doubt nobody will shed a tear to see them go up the shitter as long as it means CCFC doesn't.

Although it would be nice to think they would be increasing the land value to make CCFC worth more I think it might be giving them too much credit.
Click to expand...

I don't know. Grendull seems to be struggling. I think he's gone off for a good cry
 
Reactions: singers_pore

Grendel

Well-Known Member
  • Sep 25, 2016
  • #54
skybluetony176 said:
Source? Plus it sounds like you've saying it isn't the councils fault. Why the change?
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Of course it's the councils fault. They created the scenario the club would always fold at some point.

If the original price was a realistic level then it may have been an option. However the formula price was greater for half than wasps paid for the whole

Source? Ransons mouth. The "plan" was a five year strategy. Though I suspect for ranson the plan was more to do with Honest Ray the football man.
 
H

henry the wasp

Well-Known Member
  • Sep 25, 2016
  • #55
AFCCOVENTRY said:
Sisu additionally lost their star players to another investment fund called Izurium Capital.
Click to expand...
Walter Bosco set that company up. Another director who didn't stay long.
 
Reactions: The Penguin

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #56
Grendel said:
Of course it's the councils fault. They created the scenario the club would always fold at some point.

If the original price was a realistic level then it may have been an option. However the formula price was greater for half than wasps paid for the whole

Source? Ransons mouth. The "plan" was a five year strategy. Though I suspect for ranson the plan was more to do with Honest Ray the football man.
Click to expand...

Ranson was long gone when the council invited any serious offer and AL went to see JS in London.

Unless you're suggesting that Ranson is still secretly involved behind the scenes.
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #57
Think the original plan depended on continued investment to get to the Prem. it was only going to work with the sort of commitment King Power showed at Leicester.

SISU pulled the plug on that strategy after little more than a season and started flogging off the better players.
 
Last edited: Sep 25, 2016
Reactions: trevelfarandwide

Nick

Administrator
  • Sep 25, 2016
  • #58
I will try to not get too excited, as although it sounds like good news I have learnt never to get carried away.

I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there

Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?

As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
 

AFCCOVENTRY

Well-Known Member
  • Sep 25, 2016
  • #59
Nick said:
Interesting, I have been saying we need to speak to somebody in their world.

Does he know more about any other investments they have other than Airinotec or their investors? Obviously secret but you can bet that people talk and have ideas about who is investing where.
Click to expand...

They have random shareholdings in companies. The most successful one is some Polish Telecoms company Netia I think it was called. 10% shareholder I think?
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #60
AFCCOVENTRY said:
Sisu additionally lost their star players to another investment fund called Izurium Capital.
Click to expand...
Izurium are in Mayfair. 28 Bolton St, Mayfair, London, W1J
 

Nick

Administrator
  • Sep 25, 2016
  • #61
AFCCOVENTRY said:
They have random shareholdings in companies. The most successful one is some Polish Telecoms company Netia I think it was called. 10% shareholder I think?
Click to expand...

What does he think the options would be for CCFC?

As Tony said they could increase the value of CCFC to sell it off, or I guess they would just increase the land value and then sell that as CCFC and take the "debt" back?

The thing it rests on then is that clause with sport england and rugby council isn't it?
 
Last edited: Sep 25, 2016

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #62
Captain Dart said:
Izurium are in Mayfair. 28 Bolton St, Mayfair, London, W1J
Click to expand...

Maybe their star players didn't fancy the commute to Kensington
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #63
stupot07 said:
The last accounts show we don't break even. And have continued to lose money since administration. If sisu's turnover is around £1m (singerspores thread) and only making £400k losses, who are continuing to prop up the club if there are no investors investing through sisu? Yes, AFC says investors have walked away but I'd hazard a guess not all of them have.



Sent from my SM-G930F using Tapatalk
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Some sucker is gonna get stung.
 

Rusty Trombone

Well-Known Member
  • Sep 25, 2016
  • #64
More likely here http://www.kensingtonpavilion.com/offices/

Monthly rent from £250 to £2,000
 

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #65
AFCCOVENTRY said:
They have random shareholdings in companies. The most successful one is some Polish Telecoms company Netia I think it was called. 10% shareholder I think?
Click to expand...

Haven't they been trying to offload that for a while now. I'm sure I stumbled over an article well over a year ago (got a feeling that it was when we were in Northampton actually) saying that they were looking to offload their shares. Have they not done that yet?
 

Captain Dart

Well-Known Member
  • Sep 25, 2016
  • #66
Rusty Trombone said:
More likely here http://www.kensingtonpavilion.com/offices/

Monthly rent from £250 to £2,000
Click to expand...
Monthly rolling contracts, they're getting ready to pull the plug on all of it aren't they!
 

ceetee

Well-Known Member
  • Sep 25, 2016
  • #67
skybluetony176 said:
Ranson was long gone when the council invited any serious offer and AL went to see JS in London.

Unless you're suggesting that Ranson is still secretly involved behind the scenes.
Click to expand...

Your first point is true but not incompatible with Grendel's point

I seem to remember Ranson stating publicly that he had no interest in buying into the Ricoh and wasn't that why CCC favoured SISU and Ranson in the first place.

Anyway, what does it matter now. The lesson from this OP surely is that SISU are vulnerable to direct action and we should not, and need not, get at them through CCFC as that only damages the football club.
 
Reactions: Liquid Gold, The Penguin and Grendel

AFCCOVENTRY

Well-Known Member
  • Sep 25, 2016
  • #68
Nick said:
I will try to not get too excited, as although it sounds like good news I have learnt never to get carried away.

I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there

Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?

As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
Click to expand...

They always look for a return on an investment even if it fails. Anything is better than nothing. I would imagine absolute ass breaking hard ball tactics from Sisu on any sale.

It's like a typical share. You buy 1 share in BP for £10. It goes down in value to £4 after a few years. You want out..You still take the £4...better than nothing.
 

skybluetony176

Well-Known Member
  • Sep 25, 2016
  • #69
Nick said:
I will try to not get too excited, as although it sounds like good news I have learnt never to get carried away.

I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there

Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?

As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
Click to expand...

It is indeed worrying what it could mean for the club. One possibility though is that it puts any potential bidder in the driving seat meaning a takeover has just become more likely. Might not necessarily be a bad thing for CCFC if SISU are in the shit but I think it's right to be cautious about what it would mean. Let's face it. None of us really know for sure either way. We'll only really know if and when things unravel publicly.
 

AFCCOVENTRY

Well-Known Member
  • Sep 25, 2016
  • #70
skybluetony176 said:
Haven't they been trying to offload that for a while now. I'm sure I stumbled over an article well over a year ago (got a feeling that it was when we were in Northampton actually) saying that they were looking to offload their shares. Have they not done that yet?
Click to expand...

Here you go... Looks like they have 12.73% share holding. They may have had a larger holding that they've cashed in to deal with the overall losses Sisu have been making. It's one of their 'better' investments.
 
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