This happened in the past, was it with Fletcher?Edited to say, claims of talking to the council, only for a council spokesperson to deny it.
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More communication with the fans..So this is solved by a 30 minute conference (ruined partly by CWR) and the promise of more tweets? Is this good enough really?
No mention of contracts expect we couldn't buy Ronaldo :thinking about: I don't think they know much about our current squad of players or anything about future players
No manager coming in except the current duo have put there names forward.
No intention of going into administration.. not sure how many clubs really plan administration to be honest
No mention of contracts expect we couldn't buy Ronaldo :thinking about: I don't think they know much about our current squad of players or anything about future players
No manager coming in except the current duo have put there names forward.
No intention of going into administration.. not sure how many clubs really plan administration to be honest
The council are legally oblidged to get the best deal they can for any assetts are would be liable if they failed to do so. Similarly the Higgs Trust is a charity and cannot "do deals" there is not a cheap option.
They dont need to discuss it with the council, they need to purchase the Higgs stake in ACL first of all, which is for a set rate.
Just how far in debt would you be at that point though?
Sisu claim to have invested 30m in the club, you're losing 6m a year and it will cost 10m to buy the 50%.
In the region of 50m in debt after you purchase 50%?
Who would buy a club with a debt like that, a squad with players willing to accept 1k a week and still only owning 50% of the ground?
Sisu claim to have invested 30m in the club, you're losing 6m a year and it will cost 10m to buy the 50%.
In the region of 50m in debt after you purchase 50%?
Who would buy a club with a debt like that, a squad with players willing to accept 1k a week and still only owning 50% of the ground?
Cos I reckon they are bullshitting...... the figures are all over the shop one minute we secured funding, the next qwe need 5 million to get to the end of the season then its revealed the funding we secured was 8 million, yet we still need the cash to get to the edn of the season, then in the next breath they are talking about buying a 50% stake in the stadium..... yet according to Leonard Brody they are unified.....
All he has done is ask pie in the sky questions on twitter, told everybody he thought Boothroyd was shit, and now Ranson is apparently shit and its all his fault
Agreed, just seen this:
'Club chairman Ken Dulieu told today's press conference at the Ricoh Arena: "Will we have enough enough money to get to the end of the season? The answer is I'm not sure."'
And yet you're in talks to buy the council share when you get the ACL share for a set price.
It was 30m the other week, now it's 25m after having just given 8m.
It stinks.
I have to say I really do loath Brody. I couldn't have thought it possible that I'd hate the slimey S.O.B. even more but after hearing him speak he's even more patronising and up his own backside than I'd imagined. An absolute joke, and full of contradictions, he was making it up as he went along.
He can Tweet right off.
He can Tweet right off.
Sounded like a poorly prepared presentation to me. These guys should be super slick at this and saying now that they need to purchase the stadium, tell us something we don't know guys. We will not have lots of connor thomas's to sell on at a profit each year.
8m , 5m to admin or not to admin. So let me get this straight they have secured funding from errrr themselves, good work guys. They always say madness comes with those who talk to themselves.
Perhaps we can start talking about a train station to deflect this.
8m , 5m to admin or not to admin. So let me get this straight they have secured funding from errrr themselves, good work guys. They always say madness comes with those who talk to themselves.
Perhaps we can start talking about a train station to deflect this.
And how come the dosh we are losing a year has gone up from 4 to 6m? Or is that in Dollars?? Because we don't have Doyle, Kyle, Ward etc on the wage bill anymore (amongst others) and Westwood and Aron are on peanuts because they've made their name with us...this simply does not add up, and that's without the player sales for good money paying lots of the debts (ask RR/GH).
Are SISU charging us interest?
Are SISU charging us interest?
The old board was crap, that included (for a fair amount of time Onye Igwe) was he crap? How many board members have we had in the last 3 years, were they all crap? Ken Dulally could not really answer any questions one minute we are ok and have secured funding, the next we need further cash, this comes a couple of days after saying Sisu have confirmed they are going to meet the clubs continuing obligations obviously not for very long.
I would also ask if Sisu are meeting the clubs obligations why the hell did we need to raise 8 million, none of which will actually go towards the playing side?
I would also ask if Sisu are meeting the clubs obligations why the hell did we need to raise 8 million, none of which will actually go towards the playing side?
Holy Cow!
Does he know how to instill anything approaching confidence in the fans? No.
BTW. Tomorrow The Telegraph are running an exclusive story about how investors are being sought at The Ricoh. :jerkit:
People want more communication but want Brody to stay off Twitter....... Like it or not Twitter is a modern form of communication. Someone said "go and sort out some investment instead of tweeting" maybe he's on his phone in a cab somewhere or grabbing a coffee for a break!! Get real. If i was him I wouldn't bother with some of the childish abuse he gets (like Clarke). He can't answer every tweet, he has over 1500 followers, who knows how many he gets.
Then if he looks at sites like this with it's petty bitching, damned if he does, damned if he don't! I agree we have some big issues but communicate/dont communicate, buy ground/no keep it council, sell club/don't sell club!!!
So one person from council says they arent aware of any planned meeting and we take it as gospel, some of you seriously have never done business with our council! The phrase blind leading the blind cones to mind in those offices.
As for bitching at Brolly, I think you'll find your gripe is with the show producer.
Rant over, commence slagging of CCFC, SISU, CET, CWR, Brody etc
Then if he looks at sites like this with it's petty bitching, damned if he does, damned if he don't! I agree we have some big issues but communicate/dont communicate, buy ground/no keep it council, sell club/don't sell club!!!
So one person from council says they arent aware of any planned meeting and we take it as gospel, some of you seriously have never done business with our council! The phrase blind leading the blind cones to mind in those offices.
As for bitching at Brolly, I think you'll find your gripe is with the show producer.
Rant over, commence slagging of CCFC, SISU, CET, CWR, Brody etc
If you read most of his tweets, he isn't really communicating though is he?
The press release day, how much didn't we know already? We knew pretty much everything bar the investment they got on Monday.
I do agree at the childish abuse he gets with insults etc but again what does he expect when he is bickering with the fans? I am not saying it is right to abuse him, especially when nobody has met him to judge him as a person but it will always happen.
The press release day, how much didn't we know already? We knew pretty much everything bar the investment they got on Monday.
I do agree at the childish abuse he gets with insults etc but again what does he expect when he is bickering with the fans? I am not saying it is right to abuse him, especially when nobody has met him to judge him as a person but it will always happen.
But we do have Clingan, Wood, McSheffrey, Cranie, Bell, Carsley and King. All of those you could make an argument that they'd have signed on a fair whack. I'm still unconvinced that we've cut the wage bill to the extent that people think.
So the club isnt for sale apparently, yet they are looking for new investment, who on earth is going to invest in Sisu, its pretty clear that there has been a serious amount of mismanagement going on and boardroom politicking.
Saying that, at least the boardroom stufff will stop now the board is made up entirely of Sisu men....
I must admit i missed the conference today but from what i am reading it is more of the same rubbish. we want to buy the ricoh etc blah blah blah!
just watched the press conference on sky blues player, SISUs representative seems like an absolute prick and just looks smug........:blue:
Looks like the same old platitudes, I am and will be sceptical until I see some sort of forward movement whether that be communication with fans, investment in the squad or buying the Ricoh. All of which have been promised before.
Be clear - investment they seek is not exactly for SISU.
It's for the holding company of CCFC. That company now owes SISU more money after the latest funding from them. So CCFC gets into more debt short term hopefully.
In the big picture a stadium like the Ricoh (City of Coventry Stadium) is worth a lot. It has sub lets to Casino's, conference halls, and food and alcohol retail units. A fully fledged hotel! The Olympic games events. Concerts and stadium concerts all established and regular. These bring very big income.
Face it the stadium is a big earner b4 City pay 1m a year to rent the football pitch! Add to that a relatively famous club plays it's football there with media coverage and if that team is promoted again to the top tear in England much bigger coverage for sponsors and the like.
With ownership the revenue streams could be more than the footballing activities. So it's worth good money and on that basis the key to selling CCFC for SISU. Truth is would they sell it if they got their hands on it?
So there will be plenty of investors out there should the stadium be an integral part of that deal. If it can be (I think the reason for talks with the council) then potentially CCFC with the stadium is worth well into 100m as a very good investment.
That's the sort of figure to do it and as i said in the big picture of football that is not a lot to seek for the prize on offer. It would be debt free and own it's own stadium or like Man Utd be in debt by a mere 100m (as opposed to Utd's 700m) and have the stadium and all it's earnings which would more than finance the debt and then some.
The council are always placed in a corner. They are not here to run a stadium and would have serious difficulty with it should the 'brand' of CCFC not be the main attraction. So it's in their interest to recoup the investment of taxpayers money (some offset against rates and profits for the City - none if CCFC went to the wall) and sell it to CCFC. Just be sure it's CCFC holdings and not stuck in SISU hands after the club they have invested in is sold. When they sell it the stadium goes with it.
It's for the holding company of CCFC. That company now owes SISU more money after the latest funding from them. So CCFC gets into more debt short term hopefully.
In the big picture a stadium like the Ricoh (City of Coventry Stadium) is worth a lot. It has sub lets to Casino's, conference halls, and food and alcohol retail units. A fully fledged hotel! The Olympic games events. Concerts and stadium concerts all established and regular. These bring very big income.
Face it the stadium is a big earner b4 City pay 1m a year to rent the football pitch! Add to that a relatively famous club plays it's football there with media coverage and if that team is promoted again to the top tear in England much bigger coverage for sponsors and the like.
With ownership the revenue streams could be more than the footballing activities. So it's worth good money and on that basis the key to selling CCFC for SISU. Truth is would they sell it if they got their hands on it?
So there will be plenty of investors out there should the stadium be an integral part of that deal. If it can be (I think the reason for talks with the council) then potentially CCFC with the stadium is worth well into 100m as a very good investment.
That's the sort of figure to do it and as i said in the big picture of football that is not a lot to seek for the prize on offer. It would be debt free and own it's own stadium or like Man Utd be in debt by a mere 100m (as opposed to Utd's 700m) and have the stadium and all it's earnings which would more than finance the debt and then some.
The council are always placed in a corner. They are not here to run a stadium and would have serious difficulty with it should the 'brand' of CCFC not be the main attraction. So it's in their interest to recoup the investment of taxpayers money (some offset against rates and profits for the City - none if CCFC went to the wall) and sell it to CCFC. Just be sure it's CCFC holdings and not stuck in SISU hands after the club they have invested in is sold. When they sell it the stadium goes with it.
