Who actually owns our football club ? (1 Viewer)

rupert_bear · Sep 22, 2016

We have this petition now calling on our football club to be put up for sale by our owners who we all assume to be sisu, but are they ? I seem to remember Tory MP David Green I think it was asking the same question in the House during a debate on football club ownership and don't think there was ever an answer. If our club is part of a number of owners with a bit of the pie, that Brody could be one, being managed by sisu I see that as a big stumbling block in getting our club up for sale. Is there any experts or knowledge out there who might know ?

skybluebeduff · Sep 22, 2016

Sure someone posted on here showing Leonard Brody and Sconset are the owners, someone else could point us in the right direction of that.

Bruce the Boot · Sep 22, 2016

Grendel .

rupert_bear · Sep 22, 2016

Well apparently Brody is over here regularly perhaps our local hacks need to ask him and who are Sconser ? not another branch of sisu I hope.

skybluebeduff · Sep 22, 2016

rupert_bear said:
Well apparently Brody is over here regularly perhaps our local hacks need to ask him and who are Sconser ? not another branch of sisu I hope.

Sconset own Otium.

skybluebeduff · Sep 22, 2016

http://www.football.co.uk/coventry-...t-are-new-owners/1988606/#gFgeGvfWyOiftmc0.97

CJ_covblaze · Sep 22, 2016

Brody definitely owned a small percentage of SBS&L and I haven't seen any evidence that he's sold his stake. The rest is anyone's guess. However it's worth noting is that up until a couple of years ago all official statements used the word 'owners'. Since it's just been 'owner'. That could refer to Joy, Coleman, Antoine, Wynacre or even someone else over in French Lebanon. It's a tangled web for a reason.

skybluebeduff · Sep 22, 2016

https://aprisonofmeasuredtime.wordp...try-city-and-sisu-capital-60-million-in-debt/

Skyblueweeman · Sep 22, 2016

skybluebeduff said:
http://www.football.co.uk/coventry-...t-are-new-owners/1988606/#gFgeGvfWyOiftmc0.97

So that says Sconset are owners but controlled 100% by SISU. So SISU then, just under the name of Sconset?

Brody's % only works out to be 4% of the total. So there's 13,698 shares...I wonder how much Brody would charge per share?

Skyblueweeman · Sep 22, 2016

skybluebeduff said:
https://aprisonofmeasuredtime.wordp...try-city-and-sisu-capital-60-million-in-debt/

Far, far too much to read ;-)

skybluetony176 · Sep 22, 2016

It's who SISU have sold the CCFC investment to who are ultimately the owners aside from the small share that Brody has suddenly remembered he owns. Unless you can find out who those investors are we'll never know. In other words, we'll never know.

OffenhamSkyBlue · Sep 22, 2016

The FL golden share is owned by Otium Entertainments (Ha, that's a laugh!) Group, IIRC.
The other details are purely incidental!

Bruce the Boot · Sep 22, 2016

skybluetony176 said:
It's who SISU have sold the CCFC investment to who are ultimately the owners aside from the small share that Brody has suddenly remembered he owns. Unless you can find out who those investors are we'll never know. In other words, we'll never know.

So surely If nobody knows how an earth did they pass the "fit & proper" owners test ?

skybluetony176 · Sep 22, 2016

Bruce the Boot said:
So surely If nobody knows how an earth did they pass the "fit & proper" owners test ?

Couldn't answer that one. Maybe the FL & FL have more details. Maybe the rules are so relaxed that the investment vehicle that is the hedge fund is enough to meet them. Or maybe just maybe the FL & FA bend rules when it suits them. Or maybe a combination of all of the above.

chiefdave · Sep 22, 2016

Bruce the Boot said:
So surely If nobody knows how an earth did they pass the "fit & proper" owners test ?

Its a 1 page self certification test.

skyblueinBaku · Sep 22, 2016

chiefdave said:
ts a 1 page self certification test.

That is in line with what I was about to suggest - JS sent a letter to FA and FL saying "We are nice people" and that was enough to pass the test.

weecohawena · Sep 22, 2016

Who's Dermot Coleman in all of this?

skyblueinBaku · Sep 22, 2016

weecohawena said:
Who's Dermot Coleman in all of this?

I believe he is a partner in Sisu with Joy.

Broken Hearted Sky Blue · Sep 22, 2016

Bruce the Boot said:
So surely If nobody knows how an earth did they pass the "fit & proper" owners test ?

Ffs Attila the Hun could walk the test

Rodders1 · Sep 22, 2016

The "fit and proper owners" test needs to be tested via the "fit an proper test" test.

Broken Hearted Sky Blue · Sep 22, 2016

Rodders1 said:
The "fit and proper owners" test needs to be tested via the "fit an proper test" test.

It would fail

georgehudson · Sep 22, 2016

so, the FA & FL don't exactly know who owns CCFC apart from a 4% brody bit,
so concerning the purported £60m figure
@ 4% would be £2,400,000 loss to mr brody,
the other £57,400,000 is a loss to all the other investors under the Sconset banner,
do those investors know how their monies have been handled ?

do we therefore assume that the FA & FL are ok with that ?

surely therefore, in a few weeks time (EDM), our MP's should raise many a question to the FA, the FL, & the owners of our football club

Captain Dart · Sep 22, 2016

Broken Hearted Sky Blue said:
Ffs Attila the Hun could walk the test

Doesn't he own Rangers?

fernandopartridge · Sep 22, 2016

georgehudson said:
so, the FA & FL don't exactly know who owns CCFC apart from a 4% brody bit,
so concerning the purported £60m figure
@ 4% would be £2,400,000 loss to mr brody,
the other £57,400,000 is a loss to all the other investors under the Sconset banner,
do those investors know how their monies have been handled ?

do we therefore assume that the FA & FL are ok with that ?

surely therefore, in a few weeks time (EDM), our MP's should raise many a question to the FA, the FL, & the owners of our football club

Barking up the wrong tree, football clubs have been floating on the stock exchange for years.

ceetee · Sep 22, 2016

OffenhamSkyBlue said:
The FL golden share is owned by Otium Entertainments (Ha, that's a laugh!) Group, IIRC.
The other details are purely incidental!

Are you sure?

I though the FL golden share is owned by the FL

skybluebeduff · Sep 22, 2016

ceetee said:
Are you sure?

I though the FL golden share is owned by the FL

I thought it was hidden in a chocolate bar?

rupert_bear · Sep 22, 2016

Reading all that is like trying to untangle spaghetti just looks to me Sepalla can't put us up for sale just like that. So you have to ask when statements like we want our investment back with figures like 60 million quid quoted it ain't going to happen. Beginning to look to me there is only one way to rid us of this ball and chain that is sisu, that's let ccfc slowly pass away and look to Cov United for a football league club . Is that where we are heading ?

skybluebeduff · Sep 22, 2016

rupert_bear said:
Reading all that is like trying to untangle spaghetti just looks to me Sepalla can't put us up for sale just like that. So you have to ask when statements like we want our investment back with figures like 60 million quid quoted it ain't going to happen. Beginning to look to me there is only one way to rid us of this ball and chain that is sisu, that's let ccfc slowly pass away and look to Cov United for a football league club . Is that where we are heading ?

Wouldn't they have to go into administration first before liquidation? Giving someone a chance to rescue and recover before the option of liquidate becomes the only possibility left? I'm just guessing because I don't know.

rupert_bear · Sep 22, 2016

I hate the word liquidation sounds so final, but how do you get rid of Otium Entertainment apparent owners of ccfc, who are owned by Sconset who are part of sisu and somewhere in the background is Arco or something like that. And another question like all of us I don't want to see ccfc disappear but does it currently officially exist. Seems if you read what's on here ccfc went with administration if it did what is our official name.

ceetee · Sep 22, 2016

Otium Entertainment trading as Coventry City FC

Same club just different owners

Unlike Cov Utd which is a different club

rupert_bear · Sep 22, 2016

Agree but how do we get out of this sisu straight jacket and keep our ccfc bit ?

The Prefect · Sep 22, 2016

I am not sure SISU actually own the club but represent those that do invest in the fund.

I understood that SISU have to declare beneficial ownership within the rules of the Football League. Although we may not know who owns the club, the Football League do.

CJ_covblaze · Sep 23, 2016

weecohawena said:
Who's Dermot Coleman in all of this?

Him, his wife Tessa, Joy and Bill Florence III have pretty much been involved with every company each of the other 3 have. Mostly it involves Tessa and Bill starting a company and then retiring from the board of directors the day Dermot and Joy take over.

chiefdave said:
Its a 1 page self certification test.

This is spot on. It's a very simple 1 page form that asks if you've been convicted of things like racketeering, fraud, murder and rape. If you tick no you've passed. I have no idea how Oyston and Cellino are in the position they're in.

Skyblueweeman said:
So that says Sconset are owners but controlled 100% by SISU. So SISU then, just under the name of Sconset?

Brody's % only works out to be 4% of the total. So there's 13,698 shares...I wonder how much Brody would charge per share?

We sent him a letter of interest regarding his shares 2 or 3 years ago. Said it would be a genuine cash offer and to effectively name his price. Still haven't received a reply now.

Warwickhunt · Sep 23, 2016

rupert_bear said:
Reading all that is like trying to untangle spaghetti just looks to me Sepalla can't put us up for sale just like that. So you have to ask when statements like we want our investment back with figures like 60 million quid quoted it ain't going to happen. Beginning to look to me there is only one way to rid us of this ball and chain that is sisu, that's let ccfc slowly pass away and look to Cov United for a football league club . Is that where we are heading ?

What is there investment actually? They got all the shares for nowt they bought the club with nowt all they have done is move the original debt under their company. So when they quote a selling price it includes the debt they inherited so after all these years who exactly do we owe this debt to .....

Grendel · Sep 23, 2016

Did Ransons company sell it's 16% shareholding in the club then?

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