ohitsaidwalker king power
Well-Known Member
In my opinion, SISU’s failed plan to acquire the RICOH and the associated land was their only business objective from the outset. To suggest that their initial due diligence did not recognise the annual rent of £1.2m as excessive is pure folly. They assumed this annual £1.2m cost as an operational acquisition cost until such time as they had gained control of the stadium. When their original acquisition plan failed, they adopted hostile tactics by withholding the rental fee in an effort to force ACL out of business. As we now know this plan failed (as ACL were “rescued” by Coventry City Council), leaving SISU in the custody of the only bargaining chip they had left- called the football league golden share.
Since SISU tenure the Sky Blues:
And whilst I recognise that at times ACL etal haven't always been squeaky clean in the positions that they have adopted, can someone (anyone) convince me that I have judged SISU incorrectly and that they really are the good guys with the best interest of the football club at heart at all times- sorry I just cannot see it from my very gloomy chair right now.
Edit list- Thx GaryPendryeyes
Since SISU tenure the Sky Blues:
- Are in a worse financial position(-£70m).
- Have no “home” of their own(Six Field now seems certain).
- Have playing assets of less value.
- Are in a lower league with a -10pt start.
- Have alienated their customers(the fans).
- Halving gates, to a 60 year low.
- Losing sponsorship resulting in revenue being halved.
- Repeated failing to file accounts causing transfer embargos.
And whilst I recognise that at times ACL etal haven't always been squeaky clean in the positions that they have adopted, can someone (anyone) convince me that I have judged SISU incorrectly and that they really are the good guys with the best interest of the football club at heart at all times- sorry I just cannot see it from my very gloomy chair right now.
Edit list- Thx GaryPendryeyes
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