The penny dropping?

Discussion in 'Coventry City General Chat' started by ccfc1234, May 22, 2019.

  1. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    99,600
    Likes Received:
    34,955
    Location:
    Coventry
    Credit:
    £11,557.72
    It's not even confirmed it is being investigated yet is it?
     
  2. ccfcway

    ccfcway Well-Known Member

    Joined:
    Mar 20, 2011
    Messages:
    23,555
    Likes Received:
    11,730
    Credit:
    £2,904.72
    If it’s found to be state aid, surely wasps will have to pay it back else what’s the point ?

    Why would Sisu persue a court case where at best CCC has to pay a fine and at worst it costs them money in costs
     
  3. thekidfromstrettoncamp

    thekidfromstrettoncamp Well-Known Member

    Joined:
    Nov 15, 2014
    Messages:
    960
    Likes Received:
    382
    Credit:
    £332.86
    Nor i doubt it will be. What gets me is that just when Sisu had the chance to negotiate a deal with Wasps they went and slipped the complaint to the EU knowing full well that this would end talks about a Ricoh deal. Many a time is this saga just when things seem to be going well they go and do something to upset whoever they are dealing with.They run my club and a right mess they have made so far.If they are reading any of the forums they would see how much upset it causes Just for a fraction of time try looking at the fans side of things
     
    skyblue025 and rondog1973 like this.
  4. Alan Dugdales Moustache

    Alan Dugdales Moustache Well-Known Member

    Joined:
    Sep 10, 2014
    Messages:
    2,864
    Likes Received:
    1,331
    Credit:
    £1,594.69
    No
     
  5. ccfc1234

    ccfc1234 Active Member

    Joined:
    Jun 26, 2014
    Messages:
    659
    Likes Received:
    105
    Credit:
    £339.13
    If this is what you would have done I say fair enough and it's definatily an option. However, there is clearly an option to challenge the way things were handled and I can see why that's a viable option to peruse too. If the EC rule against SISU then and only then is it the end of the road for that angle of enquiry but not until that point. Finally no one on here really knows how much or little state aid may have been involved and on that basis probably should not be too firm in their beliefs. I choose to trust SISU, a risk managed hedge fund, to have calculated if this legal action is worth taking. Rather than quitting and saddling the club with huge debts to build a stadium when there is still a.chance we can get ours back.
     
  6. COVKIDSNEVERQUIT

    COVKIDSNEVERQUIT Well-Known Member

    Joined:
    May 27, 2016
    Messages:
    1,825
    Likes Received:
    924
    Credit:
    £905.27
    This is the most sensible paragraph to be posted on SBT in a long time .
     
    rondog1973 and montydon87 like this.
  7. Nick

    Nick Administrator

    Joined:
    Feb 25, 2008
    Messages:
    99,600
    Likes Received:
    34,955
    Location:
    Coventry
    Credit:
    £11,557.72
    You do realise the club is saddled with enough debt to have built a stadium?
     
  8. fernandopartridge

    fernandopartridge Well-Known Member

    Joined:
    Dec 9, 2011
    Messages:
    15,908
    Likes Received:
    12,817
    Credit:
    £5,796.03
    If the complaint was made in February, according to the timescales some sort of direction would have already been made by the EC
     
  9. AStonesThrow

    AStonesThrow Well-Known Member

    Joined:
    Dec 16, 2016
    Messages:
    448
    Likes Received:
    422
    Location:
    Longford
    Credit:
    £772.39
    This new goalkeeper won't fit in then given his tweeting history
     
  10. win9nut

    win9nut Active Member

    Joined:
    Feb 18, 2012
    Messages:
    303
    Likes Received:
    112
    Credit:
    £220.21
    Not un-blaming them (for want of a better word) just trying to understand their decision making over the past few years and the OP has given a good explanation of where he feels it went wrong for SISU, where they made mistakes, or where the council have screwed them over.

    I think he makes a few good points and his view is arguably possible with the known facts.
     
    ccfc1234 likes this.
  11. Warwickhunt

    Warwickhunt Well-Known Member

    Joined:
    Nov 16, 2012
    Messages:
    2,667
    Likes Received:
    783
    Credit:
    £382.48
    What annoys me is that SISU could be doing this in Spite as i dont think they would get F all out of it apart from the fact WASPs go tits up and even then they are not gauranteed to be given the option to take them out of receivership?
     
  12. thekidfromstrettoncamp

    thekidfromstrettoncamp Well-Known Member

    Joined:
    Nov 15, 2014
    Messages:
    960
    Likes Received:
    382
    Credit:
    £332.86
    They don't work that quick.If they did why have we not heard .
     
  13. fatso

    fatso Well-Known Member

    Joined:
    Jun 19, 2017
    Messages:
    1,190
    Likes Received:
    862
    Credit:
    £858.00
    Very well said shmmeee,
    Sisu are cunts that gambled and lost.
    The council are cunts because they put personal opinion and pride ahead of the interests of the people of coventry, their proud club, and it’s history and traditions.
    Wasps are cunts as they are purely selfish cuckoos shiting in a sky blues nest.
     
  14. skybluedan

    skybluedan Well-Known Member

    Joined:
    Aug 4, 2010
    Messages:
    3,234
    Likes Received:
    1,716
    Location:
    jersey (right on the beach)
    Credit:
    £130.00
    It stems from sisu but they have all had a part in ripping is to bits there all cunts
     
  15. oldskyblue58

    oldskyblue58 CCFC Finance Director

    Joined:
    Apr 16, 2010
    Messages:
    8,870
    Likes Received:
    13,411
    Location:
    Coventry
    Credit:
    £1,933.95
    The state aid complaint is not about how much. That comes much later if at all. The value to sisu is not about the prosperity of ccfc but the return on investment to the investors they are agents for.

    To summarise currently ccfc get a share of any legal claims once the following are cleared
    Sbs&l 28m
    ARVO 14m and growing by over 1.5m pa
    Preference shares in otium 65m plus accumulated dividends
    New loans to cover playing out of Coventry last time 6m pa

    At the end of which it is very likely that ccfc will not even own the stadium, it will be in a separate company

    Wasps may have gone bust by then. Ccc may lose the state aid case

    Of course ccc may not lose which will leave our club will eye watering amounts of debt and no where to play in Coventry

    The only thing you can trust in is that sisu have calculated a high risk strategy to the benefit of sisu but are prepared to lose as well as win. If it suited sisu for ccfc to go bust it would happen in a heartbeat. Assuming sisu are still in control of the strategy of course

    Every right to challenge in the EC but it is not about ccfc and never has been. It is cold hard high risk investment strategy.

    In those circumstances the scenarios do not come close to understanding what is going on.

    That said I would agree you are perfectly entitled to see it your way and I have no problem with that. I just see it differently without engineering scenarios

    The penny dropped years ago .....
     
    Last edited: May 24, 2019
    colin101, Rusty Trombone and Iancro like this.

Share This Page