two new board members?? (5 Viewers)

odysseus · Aug 3, 2011

Apparently to be announced tomorrow in CT.......

ScottShearerFanClub · Aug 3, 2011

I'd rather two new signing. Ohwell, better some news than no news.

stevo_ccfc · Aug 3, 2011

Its on the offal

http://www.ccfc.co.uk/page/NewsDetail/0,,10269~2409109,00.html

We'll_live_and_die · Aug 3, 2011

MAybe Brody has gone and that's why he's gone quiet? Maybe it's Hoffman and Elliott.

PhilWasn'tBabb · Aug 3, 2011

I hope it's Bill Gates and the Sultan of Brunei, we can live in hope can't we :claping hands:

kg82 · Aug 3, 2011

Hah, these weren't the "signings" that have doing the rounds are they?!

Dinyull · Aug 3, 2011

Le Fondre and McFadden - the only way they'll be coming here!!!

kg82 · Aug 3, 2011

Interesting that one of them is head of a business that deals with merger and acquisition advisory. Maybe the last push to clinch a deal?

Dinyull · Aug 3, 2011

Or proof they're searching for investors and not giving in yet?

ccfcway · Aug 3, 2011

theres trouble at mill !!

Godiva · Aug 3, 2011

kg82 said:
Interesting that one of them is head of a business that deals with merger and acquisition advisory. Maybe the last push to clinch a deal?

My thoughts exactly - but I still think they are looking for new money to work along with SISU. This would also be the most sensible solution.
This could well be very bad news for the SISU out brigade.

SkyBlueUSA · Aug 3, 2011

Can they appoint Steve Jobs of Apple as a director? Read earlier this week that he has more money than the US government!!!!!

kg82 · Aug 3, 2011

SkyBlueUSA said:
Can they appoint Steve Jobs of Apple as a director? Read earlier this week that he has more money than the US government!!!!!

Pretty sure I've got more money than the US government!

oldskyblue58 · Aug 3, 2011

Not sure I understand the need to do this at first sight. Surely SISU have plenty of in house expertise in taking over a lame business turning it around and selling it on ........... it is afterall their core business.... why do they need new directors that also specialise in corporate reconstruction ?

Nor am I sure this is a good sign for GH, why take these guys on if there was a likelyhood of a deal to transfer ownership anytime soon? SISU and GH will already be well versed in the mechanics of such a deal what would the new guys add to it ?

The thought comes to mind that this is actually a precursor to new ownership (not GH) and these guys are trusted connections for some potential new investor. It would allow them to get to grips with the mechanics of how CCFC works before a new investor actually puts money in and ensure a smooth transition.

I know that you can never have too much expertise in these situations but I feel there is more to this than just strengthening the current Board

Guess like much at CCFC we have to wait and see

dazzled2u · Aug 3, 2011

It's a strange move for a board considering new investments to introduce two new board members at this stage, unless they're connected to possible new investors. Maybe it will become clear tomorrow or later in the week but sounds like this could be the start of a shale up behind the scenes.

I'm so hoping that these aren't the two signings, we were rumoured to be making though!

ashbyjan · Aug 3, 2011

1. Hopefully they are unpaid Directors and not costing us anything but I doubt it as cannot imagine any of these jokers doing anything for nothing
2. Neither brings any immediate money to the table
3. We have more and more money experts on our board yet no real sign of any investment from outside
4. Don't think it affects Hoffman as the club has to go about its business as normal and ignore the Hoff bid until it is concrete and agreed

Cannot say I am overly bothered one way or the other that we have "strengthened" our board, rather we strengthened our strikeforce.

oldskyblue58 · Aug 3, 2011

Took a look at the Calimere Point website - thats the company Tim Fisher (one of the new directors) works for - full of techno speak, flowery self promotion & what they call "sexy buzz words". Doesnt actually tell you much so should be well suited to CCFC http://calimerepoint.com/

The other guy Mark Labovitch works for GEMS ventures http://www.gemalto.com/gemventures/index.htm which appears to be a venture capital fund specialising in digital technology - how that helps I dont know

Hopefully it is a positive step so dont want to shoot it down........ time will tell..... anyway thats some background info

Dinyull · Aug 3, 2011

Were they both involved with SISU before or have they been appointed from outside?

Seems strange that they would appoint people on the board who weren't SISU when they had the problems with non-SISU members last season?!?!

oldskyblue58 · Aug 3, 2011

per the press release there is nothing to say they were ever part of SISU. Very different sort of appointment to RR GH etc so I would not expect problems like last year

PhilWasn'tBabb · Aug 3, 2011

Lots of Money experts but no money, oh the irony:jerkit:

Godiva · Aug 3, 2011

I can only really think of two likely scenarios:

1) As OSB58 suggests, the new directors might represent potential investors who joins the board as negotiations are positive and well underway.

2) SISU want to step up search for new investors and have recruited two guys with a vast network to hungry investors.

There could be an outside chance they are recruited to help with negotiations with GH and his investors, but in that case I would think GH has accepted a buyout is not a realistic option.

howzer · Aug 3, 2011

they have to be investors, it sounds as though a second venture capatalist firm has entered the ownership of the club. so now we have 2 venture caps, they must have invested a few million is my guess, we will soon see because if they have invested lefondre and another will be got overnight. to be honest i thought it was going to be hoffman and oneother. Sisu have no intention to sell, the key to the truth is the words of Diuleu when he says in reply to hoffs buying the club, 'we will go to him as we are always seeking investors' ..... so sisu are saying he can invest while hoff thinks hes buying.

saying that i dont get the pro hoff camp, he didnt bring investment of millions into the club when it was his exact role to do so, now he is out he says he has the investors... bit too late Hoff.. we needed these superheroes 6 months ago, not when the ship has sailed.

howzer · Aug 3, 2011

got to add, this could be better news than bringing in 2 new players, depends on why they have been got in, if there is no sign of themselves investing then its goodnight vienna for sisu,

shmmeee · Aug 3, 2011

Didn't Hoff say originally that he didn't want to run the club, just bring in investment? Then it became a bid on the back of a fag packet, then all quiet. Maybe we're back to Plan A here.

Got to agree that at least one of them sounds like someone fronting investors.

I wonder if we'll actually announce if/when we get investment. I can see the argument for keeping it quiet so as not do drive up prices of players we're after, but then positive news would drive ticket sales you'd expect.

howzer · Aug 3, 2011

Godiva said:
I can only really think of two likely scenarios:

1) As OSB58 suggests, the new directors might represent potential investors who joins the board as negotiations are positive and well underway.

2) SISU want to step up search for new investors and have recruited two guys with a vast network to hungry investors.

There could be an outside chance they are recruited to help with negotiations with GH and his investors, but in that case I would think GH has accepted a buyout is not a realistic option.

it cant be ... they are one of the biggest venture cap firm going (sisu) ... employing another venture cap firm to find investment would weaken their reputation. And they wouldnt need to be made directors to do that. no it is likely they have invested and are directors because of their investment

oakey · Aug 3, 2011

The GEMS group are into privatising education and I have heard are in talks with Education Sec, Michael Gove to set up several academies.
So, expect Coventry schools becoming academies might be weird link

Nonleagueherewecome · Aug 3, 2011

1) One of them has "been advising us for several months now". Well that's bad news-nothing good has happened in that time, only a financial downscaling and budget cuts.
2) Good to see some football men on the board...
3) They sound very private equity. Lots of spin. More of the same.
4) So we can afford to pay directors, but not players!

My verdict is that this is part of attracting more investment to the club exactly the same in nature as those we already have. As has been said before (few days ago by OSB?) it also could be replacement funds to keep us going as the SISU investors are unwilling to lose/invest any more cash-and this is spreading the risk around more people. I'd say it probably is bad news for Hoff & co.

howzer · Aug 3, 2011

probably a smoke screen to push new buyers into worry. just dont understand how a second venture cap firm coming i can be good for us.

SkyBlueMania · Aug 3, 2011

If Hoff is all about CCFC and not in it for personal gains, is there a possibility he may have re-introduced the interested party to SISU with the aim of investing in the club rather than committing to a full take over? Would be less of a risk for the investors, not as much control though i guess. I'm not educated in business, does anyone know if this would this be allowed or plausible?

Godiva · Aug 3, 2011

howzer said:
probably a smoke screen to push new buyers into worry. just dont understand how a second venture cap firm coming i can be good for us.

Smoke screen .... look, these guys don't play smoke and mirrors as you suggest. They are actually serious people.

Why can't you see SISU working with other venture groups? As I said one line above they are serious people, and if they have reached their own limit, surely they are open for any one else who will help secure the long term strategies.

oldskyblue58 · Aug 3, 2011

It could be a possibility SBM but I dont think is the case. One of the new directors has been advising for a few months so I would expect the link to any new investors is from there rather than GH. Also given the bad blood between GH and SISU I doubt GH would risk his reputation with potential investors without being closely involved. But I dont think the possiblity of GH recommending investors should be ruled out though

Astute · Aug 3, 2011

Anyone would be able to invest in our club as it is privately owned, as long as they do not own another club. This could be the investment that SISU were to have said was in place for this season. Just hope some if it filters through to the team.

Godiva · Aug 3, 2011

SkyBlueMania said:
If Hoff is all about CCFC and not in it for personal gains, is there a possibility he may have re-introduced the interested party to SISU with the aim of investing in the club rather than committing to a full take over? Would be less of a risk for the investors, not as much control though i guess. I'm not educated in business, does anyone know if this would this be allowed or plausible?

Yes, it is possible. A joint venture would be great for the club - be it with Hoffman's investors and/or any other serious money. Spending a lot of cash on buying out SISU is ludicrous. New money should be used to buy the stadium and invest in the long term survival.

For now I think Hoffman is not involved, but as he and JE are very silent I cannot rule it out completely.

odysseus · Aug 3, 2011

I'm sure I read somewhere that CCFC are secure financially for at the very least next season. We can safely assume that new money has been put in from one source or another. If it hasn't been put in by SISU then where has it come from? Got to be the second venture cap firm hence the new board member.

Nonleagueherewecome · Aug 3, 2011

odysseus said:
I'm sure I read somewhere that CCFC are secure financially for at the very least next season. We can safely assume that new money has been put in from one source or another. If it hasn't been put in by SISU then where has it come from? Got to be the second venture cap firm hence the new board member.

Seems plausible, it does explain the new board members. I don't think it's the kinda investment that brings new signings, though-more the kind that absorbs the 500k per month losses. Which of course they'll consider as a loan and want back later.

two new board members?? (5 Viewers)

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