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The mammoth sum Coventry City owners Sisu would need to walk away without loss (1 Viewer)

  • Thread starter Newsbot
  • Start date Mar 16, 2017
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Nick

Administrator
  • Mar 16, 2017
  • #71
Broken Hearted Sky Blue said:
Don't go have you no staying power man
Click to expand...

 
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tisza

Well-Known Member
  • Mar 16, 2017
  • #72
I'm glad this expert isn't doing my company accounts.
 
Reactions: singers_pore, Sky Blue Pete and Captain Dart

Paxman II

Well-Known Member
  • Mar 16, 2017
  • #73
My God if I ran my business this way I would have confused myself.
To my mind there was always a figure and I stated it before many times, around 30m would see them off.

Sp perhaps we should be looking at two things:
1. What do you get for 30m?
2. Who has and would consider 30m was worth a punt in a football club with potential stature greater than its current position?
3. What additional funding over and above the 30m would be needed to advance our club?

On the other hand a potential suitor might surely wait to see SISU bring in the administrators, and collect at pennies on the dollar.
The real frustration here is that we won't even hit the administration button.
 

letsallsingtogether

Well-Known Member
  • Mar 16, 2017
  • #74
Paxman II said:
My God if I ran my business this way I would have confused myself.
To my mind there was always a figure and I stated it before many times, around 30m would see them off.

Sp perhaps we should be looking at two things:
1. What do you get for 30m?
2. Who has and would consider 30m was worth a punt in a football club with potential stature greater than its current position?
3. What additional funding over and above the 30m would be needed to advance our club?

On the other hand a potential suitor might surely wait to see SISU bring in the administrators, and collect at pennies on the dollar.
The real frustration here is that we won't even hit the administration button.
Click to expand...
30M!!!
Wolves were sold for 45M and they were in a higher league and in a better situation then us plus they own their ground training facilities etc.
 

Covkid1968#

Well-Known Member
  • Mar 16, 2017
  • #75
letsallsingtogether said:
30M!!!
Wolves were sold for 45M and they were in a higher league and in a better situation then us plus they own their ground training facilities etc.
Click to expand...

Not to mention the bigger fanbase!!!!!....but forgetting all that..there is no fooking chance someone will pay £30m......and there is no chance of SISU selling for £30m. We're all doooooomed!!!!!!!!
 

Houchens Head

Fairly well known member from Malvern
  • Mar 16, 2017
  • #76
Perhaps if we all chip in with 50p each, we might save the club? I'll start the ball rolling................ now, where's me cheque book?
 

shmmeee

Well-Known Member
  • Mar 16, 2017
  • #77
Any more than £5m and it's a rip off IMO.

You'd need to spend tens of millions just to get us a ground for a start.
 

Esoterica

Well-Known Member
  • Mar 16, 2017
  • #78
shmmeee said:
Any more than £5m and it's a rip off IMO.

You'd need to spend tens of millions just to get us a ground for a start.
Click to expand...
We don't need tens of millions - I thought the council and Wasps were chomping at the bit to help us as soon as SISU are gone?
 

singers_pore

Well-Known Member
  • Mar 16, 2017
  • #79
This so called expert is a clown. It's hard to believe he really is a qualified accountant. As OSB has said the true amount put in by SISU is around 30-35m. A very irresponsible article from a hopelessly incompetent newspaper.
 
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Captain Dart

Well-Known Member
  • Mar 16, 2017
  • #80
singers_pore said:
This so called expert is a clown. It's hard to believe he really is a qualified accountant. As OSB has said the true amount put in by SISU is around 30-35m. A very irresponsible article from a hopelessly incompetent newspaper.
Click to expand...

This posted on CT website comments..

What is not mentioned in this article is that Paul Carvell has close links to CCFC and Fisher.
From CCFC's website:
07 Oct 2015
"Coventry City team up with The SFB Group to network and promote businesses on matchdays at the Ricoh Arena"

"The Sky Blues have teamed up with The SFB Group, which is a firm of accountants, wealth managers, commercial insurance brokers and business advisers, to create a hub for business owners and directors to network and promote your business on matchdays at the Ricoh Arena."

"Paul Carvell, Managing Director of The SFB Group said: "We are really excited about this joint venture. As a local business, we have supported the Sky Blues for many years. The synergies between sport and business are immense, so the SFB Business Club is the perfect opportunity to bring the two together.” "

This is the article referenced. Coventry City team up with The SFB Group to network and promote businesses on matchdays at the Ricoh Arena


Though to be fair it isn't exactly a massive conflict of interests, but it is an undisclosed connection.
 
Last edited: Mar 16, 2017
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Paxman II

Well-Known Member
  • Mar 16, 2017
  • #81
letsallsingtogether said:
30M!!!
Wolves were sold for 45M and they were in a higher league and in a better situation then us plus they own their ground training facilities etc.
Click to expand...

I'm aware! I simply stated that 30m would see them off. That's about the sum total of their investment so would assume they would surely listen to that?
However they may cut loose at far less, who knows? I'm not saying we are worth anywhere near it.
To some with ambition they might consider it worth it, given we do have much greater potential as a large city one only club.
This was not a comparative issue with Wolves or anyone else.
The question was what would you get for your 30m? And how much more would you need to improve our prospects once X bought the club?
 

Paxman II

Well-Known Member
  • Mar 16, 2017
  • #82
Covkid1968` said:
Not to mention the bigger fanbase!!!!!....but forgetting all that..there is no fooking chance someone will pay £30m......and there is no chance of SISU selling for £30m. We're all doooooomed!!!!!!!!
Click to expand...

Wrong on both assumptions.
If 30m is their total investment why would they not sell if you offer them that? You would be assuming they would prefer to continue their nightmare?
As for a bigger fan base at Wolves? Don''t think so. Of course its all subjective and I can understand the younger fans may see it that way.
 

oldskyblue58

CCFC Finance Director
  • Mar 16, 2017
  • #83
I think Sisu would be seriously interested at anything over £15m, offer them £30m they would snap your hand off. I don't think Paxman is saying the club is worth £30m but simply that such a figure would recover for SISU the actual cash investment, take very little in a loss hit and give SISU no reason to stay

Trouble is every man and his dog realises the actual value of CCFC at this time is no where near £15m let alone £30m and still falling. Personally I cant see a reasonable argument for anything above £5m which would be the buying of the football assets as they stand, Ryton, and taking on the football debts. You would not simply buy the shares of Otium off ARVO and SBS&L - to do that means taking on its liabilities and preference shares

But there is damage done by todays article, at least for a while people are focussed on the headline £101m due to SISU (that doesn't really exist in terms of doing any deal for them to sell and go). They see that figure think no one will pay that, the Trust cant ever raise that and give up or give in, think what's the point. Potential investors see the headlines and walk by instead of looking closer. In addition it gives Fisher an independent accountant to hide behind and deflect questions, nicely(badly) timed just before the Trust meeting. It really has not helped in getting new owners or challenging the current ones in my opinion
 
Last edited: Mar 16, 2017
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skybluetony176

Well-Known Member
  • Mar 16, 2017
  • #84
oldskyblue58 said:
I think Sisu would be seriously interested at anything over £15m, offer them £30m they would snap your hand off. I don't think Paxman is saying the club is worth £30m but simply that such a figure would recover for SISU the actual cash investment, take very little in a loss hit and give SISU no reason to stay

Trouble is every man and his dog realises the actual value of CCFC at this time is no where near £15m let alone £30m and still falling. Personally I cant see a reasonable argument for anything above £5m which would be the buying of the football assets as they stand, Ryton, and taking on the football debts. You would not simply buy the shares of Otium off ARVO and SBS&L - to do that means taking on its liabilities and preference shares

But there is damage done by todays article, at least for a while people are focussed on the headline £101m due to SISU (that doesn't really exist in terms of doing any deal for them to sell and go). They see that figure think no one will pay that, the Trust cant ever raise that and give up or give in, think what's the point. Potential investors see the headlines and walk by instead of looking closer. In addition it gives Fisher an independent accountant to hide behind and deflect questions, nicely(badly) timed just before the Trust meeting. It really has not helped in getting new owners or challenging the current ones in my opinion
Click to expand...

Are you going to the Trust meeting OSB? Please say yes.
 
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Grendel

Well-Known Member
  • Mar 16, 2017
  • #85
skybluetony176 said:
Are you going to the Trust meeting OSB? Please say yes.
Click to expand...

Do you want his autograph Tony?
 
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D

Deleted member 5849

Guest
  • Mar 16, 2017
  • #86
oldskyblue58 said:
I cant see a reasonable argument for anything above £5m
Click to expand...
I can't see a reasonable argument for anything above £5 tbh.

And there's the problem.
 

skybluetony176

Well-Known Member
  • Mar 16, 2017
  • #87
Grendel said:
Do you want his autograph Tony?
Click to expand...

What I want is someone to hold TF to account if he starts quoting this nonsense as fact. I'd be pretty sure Dave Johnson would question it but the more people who understand this fully there throwing the correct questions at him to either tie him up in knots or get him to admit what the facts actually are the better I would say. Wouldn't you? OSB fits that bill.
 
D

Deleted member 5849

Guest
  • Mar 16, 2017
  • #88
skybluetony176 said:
What I want is someone to hold TF to account if he starts quoting this nonsense as fact. I'd be pretty sure Dave Johnson would question it but the more people who understand this fully there throwing the correct questions at him to either tie him up in knots or get him to admit what the facts actually are the better I would say. Wouldn't you? OSB fits that bill.
Click to expand...
Don't think it's going to be a shouting out type event, they've asked for questions to be submitted beforehand.
 

skybluetony176

Well-Known Member
  • Mar 16, 2017
  • #89
Deleted member 5849 said:
Don't think it's going to be a shouting out type event, they've asked for questions to be submitted beforehand.
Click to expand...

I'd be surprised if A) regardless of the agreed questions TF doesn't end up talking about what TF wants to talk about. And B) it doesn't end up being a shouting out event in some way.
 

skybluedan

Well-Known Member
  • Mar 16, 2017
  • #90
Which ever way you look at it , we are fucked
 

vow

Well-Known Member
  • Mar 16, 2017
  • #91
Esoterica said:
It's not a death knell. Just Mark Robins repeatedly banging his head on his tactics board as the realisation kicks in.
Click to expand...
Repeating "3-5-2" over and over again too.

And not forgetting a little twitch in his left eye!
 

skybluedan

Well-Known Member
  • Mar 16, 2017
  • #92
Deleted member 5849 said:
Don't think it's going to be a shouting out type event, they've asked for questions to be submitted beforehand.
Click to expand...

I hope it's a shooting out type event , with Tim in sight
 

skybluedan

Well-Known Member
  • Mar 16, 2017
  • #93
Grendel said:
Do you want his autograph Tony?
Click to expand...

He wants something
 
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Calista

Well-Known Member
  • Mar 16, 2017
  • #94
Mr Carvell, last year’s president of the Coventry and Warwickshire Chamber of Commerce, also said Sisu “almost don’t deserve the abuse they are getting” and that no-one was “milking” the club

They almost don’t deserve the abuse they are getting ...so they do deserve it then?

What annoys me about this is that it focusses on an argument that only a minority of people ever make i.e. that SISU are “milking” the club and are morally objectionable. That’s never been my take on this. As far as I’m concerned I’d be much happier if they were milking us because we’d have to be successful for that to happen. My problem with SISU, and especially with Fisher, is their shambolic incompetence as they perpetually shrink the club instead of growing it. As a result, there’s nothing to milk.

They’ve squandered every asset we ever had. I don’t get this Carvell guy’s praise for the “good management”?
 
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O

oldfiver

Well-Known Member
  • Mar 16, 2017
  • #95
skybluetony176 said:
Are you going to the Trust meeting OSB? Please say yes.
Click to expand...

I wonder what exactly you are expecting him to say that will be so revealing?
 
O

oldfiver

Well-Known Member
  • Mar 16, 2017
  • #96
Trouble is every man and his dog realises the actual value of CCFC at this time is no where near £15m let alone £30m and still falling. Personally I cant see a reasonable argument for anything above £5m which would be the buying of the football assets as they stand, Ryton, and taking on the football debts. You would not simply buy the shares of Otium off ARVO and SBS&L - to do that means taking on its liabilities and preference shares

Are you saying £5m + football debt = Ryton + the "Football Club"

So £1 then?
 
O

oldfiver

Well-Known Member
  • Mar 16, 2017
  • #97
shmmeee said:
Any more than £5m and it's a rip off IMO.

You'd need to spend tens of millions just to get us a ground for a start.
Click to expand...

You could always do a deal with WASPs !
 

Nick

Administrator
  • Mar 16, 2017
  • #98
Deleted member 5849 said:
Don't think it's going to be a shouting out type event, they've asked for questions to be submitted beforehand.
Click to expand...

I think thats only so people who arent going can put some across I think?
 

RocketSkates

Well-Known Member
  • Mar 16, 2017
  • #99
Shame that money has been spent and NOT invested. Big difference. In my eyes it's a testament to how shit SISU are at running a football club, that they have apparently accrued costs of over 100 million and we sit bottom of L1 with a massively unhappy fan base and a situation that only looks like getting worse, rather than top of the league with a stadium that our own and most importantly, happy fans.
 
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Nick

Administrator
  • Mar 16, 2017
  • #100
RocketSkates said:
Shame that money has been spent and NOT invested. Big difference. In my eyes it's a testament to how shit SISU are at running a football club, that they have apparently accrued costs of over 100 million and we sit bottom of L1 with a massively unhappy fan base and a situation that only looks like getting worse, rather than top of the league with a stadium that our own and most importantly, happy fans.
Click to expand...

You haven't read the thread have you?
 

RocketSkates

Well-Known Member
  • Mar 16, 2017
  • #101
Nick said:
You haven't read the thread have you?
Click to expand...
Yikes, got carried away after reading the title....... facepalm
 
Reactions: Nick

skybluetony176

Well-Known Member
  • Mar 16, 2017
  • #102
oldfiver said:
I wonder what exactly you are expecting him to say that will be so revealing?
Click to expand...

TF or OSB?
 
O

oldfiver

Well-Known Member
  • Mar 16, 2017
  • #103
skybluetony176 said:
TF or OSB?
Click to expand...

OSB I was referring to

As to TF it depends on what he is asked I suppose
 
W

wingy

Well-Known Member
  • Mar 16, 2017
  • #104
I'd really like someone to ask him, why on the back of expanding turnover the player budget has been cut by roughly half a million or ,20% over the last three seasons?
Appearing to be roughly 40% of turnover.
Also would he confirm this year's budget as £2.1M as stated by MV at an SCG meeting early on in the season.
 
T

The Bobster

Member
  • Mar 16, 2017
  • #105
wingy said:
I'd really like someone to ask him, why on the back of expanding turnover the player budget has been cut by roughly half a million or ,20% over the last three seasons?
Appearing to be roughly 40% of turnover.
Also would he confirm this year's budget as £2.1M as stated by MV at an SCG meeting early on in the season.
Click to expand...
Mr Carver should not be allowed to spout such rubbish under the guise as being an expert
 
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