The only way is out (1 Viewer)

japandy · Oct 10, 2013

Having looked at the situation we are in I see only a few possible ways forward. The one I like most is ----- The Sky Blue Trust take over the ground on a 99 year lease at a price that can be determind by a third party. Because the ground is in another companies hands we can then be in control of catering and 'match-day' profits. We are the people of the City of Coventry and own the ground (or part of it) anyway through our existance as citizens of Coventry. NEXT the Trust take over the day to day running of the club from SISU and put in a position of returning the club to the City. The Trust act as patrons rather than direct owners. A contract is then written whereby when a 'suitable' owner of the club is found the profits from the club go 50% to SISU and 50% to ACL. If SISU and ACL agree to this proposal and wait a number of years when we return to the 'Holy Grail' they would benefit to the tune of 50million each because CCFC could be sold for that much if we returned to the Premier. Would they lose out? NO - ACL would have a tenant in the stadium who they would trust, and SISU - would still be in control of their investment, all be it indirectly.

simple_simon · Oct 10, 2013

Not a bad idea, maybe you should put that forward.

shmmeee · Oct 10, 2013

That's basically the Hoffman offer though isn't it? "Buy now, pay later"?

Covstu · Oct 10, 2013

They would need a lot of £1 fees!!!

japandy · Oct 10, 2013

shmmeee said:
That's basically the Hoffman offer though isn't it? "Buy now, pay later"?

Of course it's not the Hoffman plan as he would be the owner rather than 'we' the people. Also, it would not be a £1 fee. As I said we would be in control of total match day revenue which would pay for costs and salaries. OUR club is worth a damn site more than a million or two. Elliott and his American mate are business people and that is why they stil circle the club like magpies. Portsmouth get 15000 plus crowds. If the trust were in charge with SP at the wheel we would have 15000 no problem.

Grendel · Oct 10, 2013

japandy said:
Of course it's not the Hoffman plan as he would be the owner rather than 'we' the people. Also, it would not be a £1 fee. As I said we would be in control of total match day revenue which would pay for costs and salaries. OUR club is worth a damn site more than a million or two. Elliott and his American mate are business people and that is why they stil circle the club like magpies. Portsmouth get 15000 plus crowds. If the trust were in charge with SP at the wheel we would have 15000 no problem.

Are you on drugs?

Flying Fokker · Oct 10, 2013

This is a bit of a long shot at best. Ignoring the rights or wrongs of the club playing at Sixfields, the longer it goes on, the fewer the fans will back any initiative to part own the club. The club is now dead for a lot of people.
Even if we ended up back at the Ricoh very few of the 6000 season ticket holders that no longer go would back the club after this debacle. All pretty pointless really.

japandy · Oct 10, 2013

Grendel said:
Are you on drugs?

Grendel dear which part makes me on drugs? Is there a problem with Coventry's birth midwifery? Why do people feel the need to be against anything they didn't say? I feel Coventry has a population that is immature when it comes to debate which is sad when we gave the world the greatest women's and human rights activist in centuries gone by. I talk about Godiva. Grendel you act like wannabe even I syill love you GOD Bless

japandy · Oct 10, 2013

Grendel said:
Are you on drugs?

Grendel dear which part makes me on drugs? Is there a problem with Coventry's birth midwifery? Why do people feel the need to be against anything they didn't say? I feel Coventry has a population that is immature when it comes to debate which is sad when we gave the world the greatest women's and human rights activist in centuries gone by. I talk about Godiva. Grendel you act like a wannabe even I stiill love you GOD Bless

Grendel · Oct 10, 2013

japandy said:
Grendel dear which part makes me on drugs? Is there a problem with Coventry's birth midwifery? Why do people feel the need to be against anything they didn't say? I feel Coventry has a population that is immature when it comes to debate which is sad when we gave the world the greatest women's and human rights activist in centuries gone by. I talk about Godiva. Grendel you act like wannabe even I syill love you GOD Bless

The notion that the trust or a collection of supporters can buy the ground is utter nonsense its not something you can debate about.

It's akin to a 5 year old saying he wants to be an astronaut. Then you gloss over the fact they will not own the club. How will that happen?

alphapappa · Oct 10, 2013

How would the trust be able to fund it? I appreciate that they have said that is part of their objectives, but they haven't done anything about it. I fear they are relying on a benevolent owner to just give them the club. Of course they could have a plan to buy the club, but I very much doubt it, and considering how ineffective the vast majority of their efforts, it is highly unlikely they will ever do anything about it

Flying Fokker · Oct 10, 2013

Japandy, does God bless people who wind other people up? Stiill.

Flying Fokker · Oct 10, 2013

Grendel said:
The notion that the trust or a collection of supporters can buy the ground is utter nonsense its not something you can debate about.

It's akin to a 5 year old saying he wants to be an astronaut. Then you gloss over the fact they will not own the club. How will that happen?

I wouldn't want an astronaut in charge of my club.

MichaelCCFC · Oct 10, 2013

japandy said:
Having looked at the situation we are in I see only a few possible ways forward. The one I like most is ----- The Sky Blue Trust take over the ground on a 99 year lease at a price that can be determind by a third party. Because the ground is in another companies hands we can then be in control of catering and 'match-day' profits. We are the people of the City of Coventry and own the ground (or part of it) anyway through our existance as citizens of Coventry. NEXT the Trust take over the day to day running of the club from SISU and put in a position of returning the club to the City. The Trust act as patrons rather than direct owners. A contract is then written whereby when a 'suitable' owner of the club is found the profits from the club go 50% to SISU and 50% to ACL. If SISU and ACL agree to this proposal and wait a number of years when we return to the 'Holy Grail' they would benefit to the tune of 50million each because CCFC could be sold for that much if we returned to the Premier. Would they lose out? NO - ACL would have a tenant in the stadium who they would trust, and SISU - would still be in control of their investment, all be it indirectly.

JA - what do you reckon an acceptable exit option for sisu would be? And can you explain community asset transfer cos a few people are mentioning it but I thought it was to do with village halls? thx

RPHunt · Oct 10, 2013

Flying Fokker said:
I wouldn't want an astronaut in charge of my club.

A 5 year old would be alright though, got to be better than the current lot.

RPHunt · Oct 10, 2013

Grendel said:
It's akin to a 5 year old saying he wants to be an astronaut. Then you gloss over the fact they will not own the club.

Or akin to someone claiming to earn £100k a year, but glossing over the fact that they are an imbecile.

shmmeee · Oct 10, 2013

Registering something as an "Asset of Community Value" has to be done by a parish council, a community group, or an Industrial & Provident Society (like the Trust). That then ensures that should the ACV be sold, that group/council/society has a certain length of time to match the agreed sale price, and raise the money.

Several football grounds have been registered, the most prominent one being Old Trafford, by M.U.S.T., and the latest the Kassam Stadium by OxVox, the Oxford Supporters Trust.

Grendel · Oct 10, 2013

shmmeee said:
Registering something as an "Asset of Community Value" has to be done by a parish council, a community group, or an Industrial & Provident Society (like the Trust). That then ensures that should the ACV be sold, that group/council/society has a certain length of time to match the agreed sale price, and raise the money.

Several football grounds have been registered, the most prominent one being Old Trafford, by M.U.S.T., and the latest the Kassam Stadium by OxVox, the Oxford Supporters Trust.

Yes Oxford did it. The length of time is 12 months.

Grendel · Oct 10, 2013

RPHunt said:
Or akin to someone claiming to earn £100k a year, but glossing over the fact that they are an imbecile.

Do you think Tim fisher is an imbecile?

Tonylinc · Oct 10, 2013

Grendel said:
Do you think Tim fisher is an imbecile?

I do and history will prove me to be correct.

Grendel · Oct 10, 2013

Tonylinc said:
I do and history will prove me to be correct.

Well I'm sure he's a well paid imbecile.

Broken Hearted Sky Blue · Oct 10, 2013

Grendel said:
Well I'm sure he's a well paid imbecile.

So was Gerald Ratner

Tonylinc · Oct 10, 2013

Grendel said:
Well I'm sure he's a well paid imbecile.

Your absolutely right there. My difficulty is understanding how he has got away with it for so long.

Ripbuster · Oct 10, 2013

Tonylinc said:
Your absolutely right there. My difficulty is understanding how he has got away with it for so long.

"Holdings"

georgehudson · Oct 11, 2013

imho, TF is a well paid 'stool pigeon' for JS & her invisible investors,
it would appear that he is economic with the truth to suit his & his employers ends,
i don't think for one minute that he is imbecilic, more an obeisant employee,
the real nub, of all this, is, the controller,
'who knows nothing about football',
yet, appears, with spite, to be willing to destroy OUR club,
unless she gets recompense to please those 'invisible / secret ' investors,
& is that not questionable as to whether they are fit & proper owners ?

shmmeee · Oct 11, 2013

japandy said:
Of course it's not the Hoffman plan as he would be the owner rather than 'we' the people. Also, it would not be a £1 fee. As I said we would be in control of total match day revenue which would pay for costs and salaries. OUR club is worth a damn site more than a million or two. Elliott and his American mate are business people and that is why they stil circle the club like magpies. Portsmouth get 15000 plus crowds. If the trust were in charge with SP at the wheel we would have 15000 no problem.

No no no you mental person.

I mean the offer to Sisu, why would they accept it?

I'm all for fan ownership of the club, won't get an argument there.

shmmeee · Oct 11, 2013

alphapappa said:
How would the trust be able to fund it? I appreciate that they have said that is part of their objectives, but they haven't done anything about it. I fear they are relying on a benevolent owner to just give them the club. Of course they could have a plan to buy the club, but I very much doubt it, and considering how ineffective the vast majority of their efforts, it is highly unlikely they will ever do anything about it

The Trust IIRC have a plan for ownership but it's more of a contingency in case of liquidation/admin than trying to buy off the owners. No point raising funds for something that might not happen, too messy.

Unless you've got £60m lying about, in which case I'll get you Joys contact details.

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