bigfatronssba
Well-Known Member
CCFC would have gone out of existence in 2003 if Higgs and CCC didn't go it alone with the Ricoh project.
Something that is conveniently forgotten.
ccc didn't help ccfc in 2003. That's the real point.
So many on here seem to back the council more than the club?
Christ - you must be a sisu plant.
Comedy gold this.
This is hilarious.
CCFC would have gone out of existence in 2003 if Higgs and CCC didn't go it alone with the Ricoh project.
Something that is conveniently forgotten.
CCFC would have gone out of existence in 2003 if Higgs and CCC didn't go it alone with the Ricoh project.
Something that is conveniently forgotten.
It was also hilarious when Jaguar closed Browns Lane wasn't it? Bet you didn't stop laughing for a week>
Utter nonsense. The same logic that is used to justify SISU ironically.
Yeah, good one.
CCFC would have gone out of existence in 2003 if Higgs and CCC didn't go it alone with the Ricoh project.
Something that is conveniently forgotten.
Yes it is the same logic.
It was widely reported at the time that unless CCFC could sell Higgs their share the club would have gone into admin.
Now as McGuinity and Robinson were "the only show in town" at the time, is it not likely that CCFC would have been liquidated?
There were other options, it just suited the board at the time to present it as the only option.
And it did get rid of a blot on the landscape in that area of the city.
It was also hilarious when Jaguar closed Browns Lane wasn't it? Bet you didn't stop laughing for a week>
Private Limited Company simply means that the shares are not traded publicly ie it is not a floated company or a plc (public limited company).
The ownership of a private company can be by any combination of owners as a result of its incorporation and subsequent equity changes.
A company is publicly owned if it's shares are owned the government or other public body ie Council.
In this case ACL is 50% publicly owned due to the councils 50% of shares.
So many on here seem to back the council more than the club?
About six if I recall.Mmmmm interesting stuff. How many directors does ACL have?
So many on here seem to back the council more than the club?
I wonder what could drive passionate supporters of their club to feel like that?
Please tell me, because I haven't a clue.
Neither have I. Really strange that a lot of people feel like that. They must all be slightly mental. They should only care about their football club, in proxy that includes the owners of the club and back their every decision as that shows you truly support your club.
No. It was never in their interest to put the club into administration hence why it never happened prior to then or even after that.
So if they won't sell and want to charge silly rent with no way for the club to make it's own money, where that leave the club?
So many on here seem to back the council more than the club?
Sisu/Otium are the club mate.
I wonder what could drive passionate supporters of their club to feel like that?
What to care more about a council than the club?
They wouldn't have had a choice.
They had no more money. Do you think businesses only ever go into admin because it suits the owners??
The reason it didn't happen is because they sold their share of the Ricoh.
Should we care more about a hedge funds profits over the future of our club?
Tittle says it all, why should CCC help Otium Entertainment Ltd?
In the past 35 years Coventry has seen Peugeot, Jaguar, Triumph, Massy Ferguson, Rolls Royce, GEC, Courtaulds, and many more other major companies close. CCC did not help any of these as they are private companies and free to do as they wish. These companies provided far more to the city in terms of prestige, jobs, and money than a 3rd Division football club ever will.
Also none of these companies ever (to my knowledge) tied CCC up in an expensive legal battle.
So I'd like to hear the arguments as to why CCC should suddenly help a privately owned company.
After all, we all agree that it would have been better for CCC not to help CCFC back in 2003 don't we?
The owners were the major creditors. I'd be interested to see where the sale of half of ACL sits on the club's accounts.
Most people don't give a shit about a hedge fund do they? I haven't seen anybody say I hope sisu make loads of money?
They shouldn't. They should help Coventry City Football Club. Just so happens Otium are the owners.
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