Tonight - If your going - dont forget to take a copy of his letter !!!!! (1 Viewer)

ccfcway

Well-Known Member
1st September 2011

Dear Supporter,

These have been turbulent times recently for Coventry City Football Club. I want to start by thanking all of you for your support for this Club. Despite all the changes, and challenges, you have remained committed and continue to offer fantastic support to our players on the field.

Off the field events at Coventry have sadly dominated the headlines over the last couple of months, and I want to use the closure of the latest chapter, namely the recent withdrawal of a much hypedtakeover bid, to communicate directly with you all and address a number of important issues.

First, I want to say that I fully appreciate the frustration of supporters in recent weeks, and I also understand that we at SISU are an easy target for this anger. I have read a lot recently about people wanting the 'truth' and I wish to use this letter to set out the position we are in currently, look to the future and share the vision with you.

It is widely reported that SISU have spent in the region of £30m on the day to day operations of Coventry City over the past four years, and we have not taken money out of the Club, but continue to fund the football club. Given that sum, I think it is fair to suggest that all supporters would have expected the Club to achieve much more during this time. While there are many owners in the Championship having to cover their Club's losses, we would have hoped for Coventry to have been in a stronger position than we currently are.

At SISU, we readily accept that if we had our time again a number of things would have been done differently. Not in the money that we have invested and continue to invest, but in some of the decisions made and with whom we chose in the past to partner with. We have also been too distant, so when the relationship broke down with former executives, we have not been able to put our side of the story. We like to empower the management teams to run operations and do not take an active public role. It is clear that this business style does not work in football. Since March the agenda should have been set by the Club and owner, building bridges with our supporters and other stakeholders in the City. Unfortunately our distance has allowed others to promote their own disruptive cause, damaging the Club as a consequence. This has also undermined the good work done by the new management team to recover from past losses.

The position of SISU is absolutely clear. We are not looking to sell but have said that we would speak with any credible investors looking to be part of a partnership with us.Talks continue on a regular basis but no truly credible party has come to the fore so far.Let me also be clear that a lot of time has been wasted by having to deal with people and parties who have promised much in public, but have delivered absolutely nothing.

The new Board has been tasked with improving all aspects of the Club's operations. Many improvements have been made, although most of these are not of a headline grabbing nature. I fully appreciate that what matters to supporters is investment on the field.Those who were previously directly responsible for our football transfer policy left the Club in a difficult situation with 11 players out of contract in June leaving us to inherit a dangerously depleted squad of players.We want to see major improvements on and off the field, but like many of our competitors we are operating within a more practical and long term budgetary structure than in recent years. Money has been available for the club to spend this summer, and I am delighted that as well as goalkeepers Joe Murphy and Chris Dunn, Cody McDonald, a striker, was signed yesterday. We will hopefully also be successful in attracting some loan players later this month to help Andy Thorn.Also, despite a number of approaches, we have declined substantial offers for Lukas Jutkewicz and, as widely reported, other players, in order to maintain our commitment to compete at this level.

A working capital facility has been made available to the Club to support it through the final stage of the turnaround plan and major improvements and innovative ideas are expected in the coming months. Coventry City is the anchor tenant at the Ricoh Arena and it should have at least a partial stake in the ownership of the stadium where we play; everything possible shall be done moving forward to reach the right solution.

A football club should be a leading light within a community, a vehicle for bringing people together and promoting a City.Personally, I have enjoyed some fantastic days at the Ricoh Arena over the past four years.

In the coming weeks and months I shall communicate further with supporters and outline a wider vision for the club. This season though is one of transition, as we move towards a Club that is unified from the top down, both on and off the field of play. I and the rest of the Board understand that there is a lot of frustration right now and lots of work has to be done to clear this, so let me finish by reiterating that we are committed to getting it right for the Club for the long term.

Kind regards,

Onye Igwe

SISU Capital Private Equity
 

ccfcway

Well-Known Member
Onye's just tweeted...

Big O @I only agreed to the #CCLSC meeting as I assumed there were no Cov fans in London. Dammit. #pusb

:whistle:

Gotta love that, one fake twitter account I have to follow !
 
1st September 2011

Dear Supporter,

These have been turbulent times recently for Coventry City Football Club. I want to start by thanking all of you for your support for this Club. Despite all the changes, and challenges, you have remained committed and continue to offer fantastic support to our players on the field.

Off the field events at Coventry have sadly dominated the headlines over the last couple of months, and I want to use the closure of the latest chapter, namely the recent withdrawal of a much hypedtakeover bid, to communicate directly with you all and address a number of important issues.

First, I want to say that I fully appreciate the frustration of supporters in recent weeks, and I also understand that we at SISU are an easy target for this anger. I have read a lot recently about people wanting the 'truth' and I wish to use this letter to set out the position we are in currently, look to the future and share the vision with you.

It is widely reported that SISU have spent in the region of £30m on the day to day operations of Coventry City over the past four years, and we have not taken money out of the Club, but continue to fund the football club. Given that sum, I think it is fair to suggest that all supporters would have expected the Club to achieve much more during this time. While there are many owners in the Championship having to cover their Club's losses, we would have hoped for Coventry to have been in a stronger position than we currently are.

At SISU, we readily accept that if we had our time again a number of things would have been done differently. Not in the money that we have invested and continue to invest, but in some of the decisions made and with whom we chose in the past to partner with. We have also been too distant, so when the relationship broke down with former executives, we have not been able to put our side of the story. We like to empower the management teams to run operations and do not take an active public role. It is clear that this business style does not work in football. Since March the agenda should have been set by the Club and owner, building bridges with our supporters and other stakeholders in the City. Unfortunately our distance has allowed others to promote their own disruptive cause, damaging the Club as a consequence. This has also undermined the good work done by the new management team to recover from past losses.

The position of SISU is absolutely clear. We are not looking to sell but have said that we would speak with any credible investors looking to be part of a partnership with us.Talks continue on a regular basis but no truly credible party has come to the fore so far.Let me also be clear that a lot of time has been wasted by having to deal with people and parties who have promised much in public, but have delivered absolutely nothing.

The new Board has been tasked with improving all aspects of the Club's operations. Many improvements have been made, although most of these are not of a headline grabbing nature. I fully appreciate that what matters to supporters is investment on the field.Those who were previously directly responsible for our football transfer policy left the Club in a difficult situation with 11 players out of contract in June leaving us to inherit a dangerously depleted squad of players.We want to see major improvements on and off the field, but like many of our competitors we are operating within a more practical and long term budgetary structure than in recent years. Money has been available for the club to spend this summer, and I am delighted that as well as goalkeepers Joe Murphy and Chris Dunn, Cody McDonald, a striker, was signed yesterday. We will hopefully also be successful in attracting some loan players later this month to help Andy Thorn.Also, despite a number of approaches, we have declined substantial offers for Lukas Jutkewicz and, as widely reported, other players, in order to maintain our commitment to compete at this level.

A working capital facility has been made available to the Club to support it through the final stage of the turnaround plan and major improvements and innovative ideas are expected in the coming months. Coventry City is the anchor tenant at the Ricoh Arena and it should have at least a partial stake in the ownership of the stadium where we play; everything possible shall be done moving forward to reach the right solution.

A football club should be a leading light within a community, a vehicle for bringing people together and promoting a City.Personally, I have enjoyed some fantastic days at the Ricoh Arena over the past four years.

In the coming weeks and months I shall communicate further with supporters and outline a wider vision for the club. This season though is one of transition, as we move towards a Club that is unified from the top down, both on and off the field of play. I and the rest of the Board understand that there is a lot of frustration right now and lots of work has to be done to clear this, so let me finish by reiterating that we are committed to getting it right for the Club for the long term.

Kind regards,

Onye Igwe

SISU Capital Private Equity

I have a saying....you cannot argue with an Idiot. Not for one minute am calling anybody an idiot but just thought I would share my saying.
 

Mary_Mungo_Midge

Well-Known Member
'Also, despite a number of approaches, we have declined substantial offers for Lukas Jutkewicz and, as widely reported, other players, in order to maintain our commitment to compete at this level'

Following the logic of the assertion above, I presume this means we have now lost the commitment to compete at this level?
 

ccfcway

Well-Known Member
ha, declined Juke approaches, the letter gets better as long as it goes on !

Please dont let him get out of tonight by telling people "we have signed 2 players" neither of whom will be here at the end of the season and we are looking to sign another who will be gone in May.

In the letter it states..

"getting it right for the Club for the long term.", well Onye, how can we do that, if we only have a squad of about 14, which is what we will be left with in May !
 

ccfcway

Well-Known Member
if i was there tonight, I would take that letter and put my hand up to ask a question, which would be..

"Onye, can you read this letter that you wrote out loud to the audience please"
 

ccfcway

Well-Known Member
looks like there is a good turnout !



At the #CCLSC event with Onye Igwe (hopefully), Andy Thorne (probably) and Tim Fisher (confusingly). #pusb


Blimey, it's a bit crowded in here #CCLSC
 

valiant15

New Member
Why didn't the spineless bastards have a forum where most of the city fans live-COVENTRY! What an absolute disgrace.
 

Walking Bird

New Member
Just read that comment about security!! Sounds like Igwe's Gestapo are out in full force !
 

valiant15

New Member
Why not? It's just a fans forum not an sas briefing lol. What's with the security,are the lieing sods expecting trouble? I really hope igwe doesn't get hurt:)
 

Walking Bird

New Member
Whats the point?? Do they not think that folks will just type up what happened later on a forum like this one. Or have SISU arranged a blackout of the internet!! :thinking about:
 

valiant15

New Member
They've got absolutely no right to tell people not to use their mobiles,who do they they are? I'd love to be down there,people can't put up with that shit,surely?
 

rob9872

Well-Known Member
Someone said AT was to be there and another thread had him in Newcastle. Any confirmations?
 

Gray

Well-Known Member
Hang on for half an hour there is a carrier pigeon on his way back with information
 

Walking Bird

New Member
Hang on for half an hour there is a carrier pigeon on his way back with information

Sadly it won't make it as SISU have employed a Hawk to bring it down !
 

ccfcway

Well-Known Member
They commented that they thought AT "might" be there, but he has turned upon MUTV at the reserve match against Newcastle, which lets face it, is a far better use of his time.

To be honest, making chicken soup would be a better use of his time the attending that forum !
 

The CableGuy

Well-Known Member
this is a joke right? No mobiles?

WTF?!? Is this Egypt or something, where internet and mobile phone networks were knocked offline to prevent the "protesters" from spreading their lies?

I suppose tomorrow that the CT will be reporting that was was no meeting.
 

Walking Bird

New Member
Just read this on twitter.

Encouraging news from Thorne regarding some potential (loan) signings. I can't say anymore about anything though. #CCLSC #PUSB

Rather sinister if you ask me!
 

keef

New Member
At the last minute the hawk rejected the move but SISU did bring in an Albatross as a replacement. Apparently it was our number one target all along
 

Walking Bird

New Member
At the last minute the hawk rejected the move but SISU did bring in an Albatross as a replacement. Apparently it was our number one target all along

Which now according to some sources had interest from Bournemouth who have had a change of heart & are now chasing the original Pigeon
 

Nathccfc

Well-Known Member
I can't understand why they can't say anything about what has been said in the fans forum, after all isn't it called a 'fans forum' and shouldn't everyone be told about what's been said.
 
J

Jack Griffin

Guest
Onye's just tweeted...

Big O @I only agreed to the #CCLSC meeting as I assumed there were no Cov fans in London. Dammit. #pusb

:whistle:

Gotta love that, one fake twitter account I have to follow !

He is brill, funny man (or woman?)

bigoca10.jpg
 
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ajsccfc

Well-Known Member
This guy who was there won't name the two alleged incoming loan players, but leaves the clue

Pope of Clintology @BigSexyNeil@Nkalyan1 MT & RH both from London premier league clubs. I'll leave you to guess, but the latter has been around for ages


Rob Hulse fits the bill, not sure about MT. Anyone?
 

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