Why should we let Orange Ken run our club? (1 Viewer)

SkyblueDorothy said:

Ken Dulieu is not the person we need to run our club.
The only other Company he is Chairman of is Capcon where the share price has fallen from 75p to 3.25p. Southampton went into administration soon after he left their Board.
He is all talk but no action. What has he achieved since he was appointed? Time to go!

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Looks like the share price of Capcon increased by £2.50 and Southampton hit the hard times after he left. Maybe he is not that bad

Yes we should sack him!

Oh wait ... we can't. Only the shareholders can sack/appoint the chairman.

Sadly, Dorothy, it's not our club. The club is owned by a bunch of spivs and they want a man like Dildo to be the chairman. There's nowt we can do about that except hope that the lot of them go away soon, after accepting an offer for the club tabled by someone who cares about us and not just about the next few quid.

Anybody would think Uncle Joe Elliott was pale and interesting.

I did buisness with Ken many years ago. He can be a bit of a bull shitter but actually he loves his football is an okay guy. The issue I have with Ken is that he has been parchuted in by SISU has no affiliation with the club and therefore lacks credability as far as the fans are concerned.

SISU buisness model doesn't work for football clubs. You cannot get away with taking little or no risk for ever. It worries me that they want to by half if not all of the Ricoh. Why? Because thats where the money is not the football club. This deal with theTrust is just for the owners of CCFC no one else. So if they buy the Ricoh we could well be stuck with for a very long time.

Stopper

Its only our club morally legally the SISU funds can appoint who they like we the fans have no say in it

I wouldnt bet on SISU being here for the long term. The worth is in getting their hands on the stadium at a discount, add that to driving down costs so the club is financially viable then they will have something to sell. Hedge funds dont buy in for long term they need to make a return for their investors and fund managers - only way they will do that is to sell the club on but that is a medium term objective. I wouldnt expect a sale in the next 2 years even if things fall into place

Think the fans are in a catch 22 situation...... they want SISU to fail and leave, but dont want the club relegated in the process and that is the only thing that may accelerate the departure - but relegation may lead to the darkest of days for the club. If the team becomes successful then SISU will see an improvement in income and worth and will stay longer to max out the "investment" - they will feel vindicated in their strategy What a choice to make!

A couple of years ago, on BBC 606, I wrote a thread posing the question, is 'CCFC a Trojan horse for buying the Ricoh?'

Would any people believe that it is wise to invest in a football club to make money? Football has to be one of the most unsafe options for an investment opportunity- very few clubs produce an operating profit, even in the premiership.

But a top class venue for sports, shows, and events is a different matter. Buy the club, buy the ground, sell the club as a going concern, and hold onto the real gem, the Ricoh Arena. This then has guaranteed income from the tenants, and exploit it's potential for events on a regular basis, it becomes a very workable business model.

Ken is a total tosser.

BurbageSkyBlues said:

A couple of years ago, on BBC 606, I wrote a thread posing the question, is 'CCFC a Trojan horse for buying the Ricoh?'

Would any people believe that it is wise to invest in a football club to make money? Football has to be one of the most unsafe options for an investment opportunity- very few clubs produce an operating profit, even in the premiership.

But a top class venue for sports, shows, and events is a different matter. Buy the club, buy the ground, sell the club as a going concern, and hold onto the real gem, the Ricoh Arena. This then has guaranteed income from the tenants, and exploit it's potential for events on a regular basis, it becomes a very workable business model.

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The simplest way rto overcome this risk occurring ,and to remove blurred lines would be to seperate the ground out from the rest of the developement ,Best for Councill/ACL,best for club.

'Let' him?

BurbageSkyBlues said:

A couple of years ago, on BBC 606, I wrote a thread posing the question, is 'CCFC a Trojan horse for buying the Ricoh?'

Would any people believe that it is wise to invest in a football club to make money? Football has to be one of the most unsafe options for an investment opportunity- very few clubs produce an operating profit, even in the premiership.

But a top class venue for sports, shows, and events is a different matter. Buy the club, buy the ground, sell the club as a going concern, and hold onto the real gem, the Ricoh Arena. This then has guaranteed income from the tenants, and exploit it's potential for events on a regular basis, it becomes a very workable business model.

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Well said. I think this is just what SISU are trying do, i've been saying the same thing myself ..

Could be worse we could have Mr Whyte as chairman

I have said this in a previous thread but will repeat it here. There is no way on earth that the Council will ever sanction a sale of any part of the stadium to these spivs. My understanding is that the Higgs Trust would have to have the blessing of the Council before any sale could proceed.

BurbageSkyBlues said:

A couple of years ago, on BBC 606, I wrote a thread posing the question, is 'CCFC a Trojan horse for buying the Ricoh?'

Would any people believe that it is wise to invest in a football club to make money? Football has to be one of the most unsafe options for an investment opportunity- very few clubs produce an operating profit, even in the premiership.

But a top class venue for sports, shows, and events is a different matter. Buy the club, buy the ground, sell the club as a going concern, and hold onto the real gem, the Ricoh Arena. This then has guaranteed income from the tenants, and exploit it's potential for events on a regular basis, it becomes a very workable business model.

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Terrifying stuff, and spookily exactly what I was reading about on the Supporters Direct website before coming on here: http://www.supporters-direct.org/wiki/index.php?title=Handbook:Company_Law

I strongly advise reading the sections on ground ownership. Obviously that isn't us now, but it could be SISU in the future. Rather than saving us, it could be the final nail. Check out the bit about deliberately running up debts *shudder*

Tonylinc said:

I have said this in a previous thread but will repeat it here. There is no way on earth that the Council will ever sanction a sale of any part of the stadium to these spivs. My understanding is that the Higgs Trust would have to have the blessing of the Council before any sale could proceed.

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I wish someone would tell Ken that if it's true...and I hope it is true. "Spivs" is about right.

Nonleagueherewecome said:

Terrifying stuff, and spookily exactly what I was reading about on the Supporters Direct website before coming on here: http://www.supporters-direct.org/wiki/index.php?title=Handbook:Company_Law

I strongly advise reading the sections on ground ownership. Obviously that isn't us now, but it could be SISU in the future. Rather than saving us, it could be the final nail. Check out the bit about deliberately running up debts *shudder*

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In theory NLHWC you Could transpose ACL/COUNCIL for SISU or anyone that owns us ,checkout para 33 in select committee governance document recently published ,reference to the govs localism biill,fan /local population rights of assisted purchase back of football grounds,the ground has to become removed from the complex for anything to move forward and thus remove the threat of asset stripping excercise.:thinking about: http://www.culture.gov.uk/images/publications/Football_governance_15427_Cm_8207_2.pdf heres the link

NLHWC , spot on, the bit about a holding company owning the ground, even if the football club goes bust. This would be exactly our scenario, if CCFC holdings (owned by SISU) buy the ground, whilst allowing the football club to fall into the abyss.

This is why the council and the trust must NEVER sell the Arena to SISU

NLHWC - thats a useful article:claping hands:. Any idea when it was posted because they need to update it in places for the Company Act 2006 and other stuff

Dorothy, who do you suggest should run the club?

BurbageSkyBlues said:

A couple of years ago, on BBC 606, I wrote a thread posing the question, is 'CCFC a Trojan horse for buying the Ricoh?'

Would any people believe that it is wise to invest in a football club to make money? Football has to be one of the most unsafe options for an investment opportunity- very few clubs produce an operating profit, even in the premiership.

But a top class venue for sports, shows, and events is a different matter. Buy the club, buy the ground, sell the club as a going concern, and hold onto the real gem, the Ricoh Arena. This then has guaranteed income from the tenants, and exploit it's potential for events on a regular basis, it becomes a very workable business model.

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This is there strategy as soon as they couldn,t achieve premiership on the cheap

CCFC was just a stepping stone so they could get the owmership of the ground/stadium/venue, hopefully the council and the higgs trust will never sell to SISU. All this bullshit about getting money together for buying the ground is a joke, just like kings, westwood, and gunnasons wages are there for loan signings yeah right !! just more bullshit from orange ken:jerkit::jerkit::jerkit:

oldskyblue58 said:

NLHWC - thats a useful article:claping hands:. Any idea when it was posted because they need to update it in places for the Company Act 2006 and other stuff

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I'm not sure, I was just doing a massive search for articles on football clubs and liquidation. I read up on everyone from Aldershot and Maidstone to Pompey, Palace and Plymouth last night, and this was the most useful thing I found by far. In fact looking around their site, I think it may be times that we got ourselves properly organised in terms of a supporters group that applies pressure. Maybe get ourselves on the forums of some of those clubs I mention and find out what they've done and what we can do to at least get some transparency.

I couldn't find a single case of a big club going out of existence, btw. The biggest are Wimbledon, which was of course very special, uber-evil circumstances, and then probably Newport and Aldershot, and all are now back to almost where they were via. Phoenix-club status. I couldn't find any cases of a club's owner "winding up the club", and it ceasing to exist whatsoever. Plymouth were fearing it, whilst the Palace consortium resorted to pleading with the government to prevent the existing owners from doing that.

So if SISU DO see that as an option, they will find themselves at the centre of the mother of all media shitstorms. There are so many potential accusations of improper conduct under such circumstances that I'm sure we'd find out much that such a "private" company would be keen to keep under wraps.

My favourite bit on that page I linked is where they talk about investor groups purchasing a Championship club with the idea of pumping in money for 2-3 years to go for promotion with an eye on the Premiership treasures....if only SISU had read something like this before they bought us! In fact, maybe they did-in which case, they never really bought into the Ranson vision in the first place, and perhaps had an entirely different purpose in mind for little old CCFC; or they gave him 2-3 years, then eyed a different vision-the Ricoh option. Plan B, if you will.

Oh, and O.P.-you missed the "i" out of "ruin" in the thread title :claping hands: