Discussion in 'Coventry City General Chat' started by ccfc1234, May 22, 2019.
It's not even confirmed it is being investigated yet is it?
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
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
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.
This is the most sensible paragraph to be posted on SBT in a long time .
You do realise the club is saddled with enough debt to have built a stadium?
If the complaint was made in February, according to the timescales some sort of direction would have already been made by the EC
This new goalkeeper won't fit in then given his tweeting history
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.
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?
They don't work that quick.If they did why have we not heard .
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.
It stems from sisu but they have all had a part in ripping is to bits there all cunts
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
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 .....
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