What would Sisu have to gain by liquidation ?
That would devalue the only assets they have to sell !!!!
as she said her only concerns in life are her family and investors. i cant see how liquidating the club would be best for her investors, so i think its a bluff.
They've written off far more than this before. No reason why they wouldn't do it again.
One or possibly two of her investors are ruining the club.
as she said her only concerns in life are her family and investors. i cant see how liquidating the club would be best for her investors, so i think its a bluff.
I've corrected that statement for you
They've written off far more than this before. No reason why they wouldn't do it again.
Where have they written off more than this before?
Why SISU don't provide us with some of their success stories to reassure fans that they do know what they are doing and can successfully turn a business around?
Where have they written off more than this before?
Why SISU don't provide us with some of their success stories to reassure fans that they do know what they are doing and can successfully turn a business around?
as she said her only concerns in life are her family and investors. i cant see how liquidating the club would be best for her investors, so i think its a bluff.
I’m not advocating liquidation either. But if some of the comments above are correct, it doesn’t sound too frightening. We could start again in a league from which we could get back to our current status within a number of years, playing at the Ricoh and having the fun of a series of promotions. To me, that’s a much better prospect than Joy’s tedious and unambitious Northampton/Brandon plan.
Liquidation wouldn't mean a club called Coventry City - in a new iteration - would cease to exist. The Rugby Lions have had to bounce back from exactly the same; albeit for different reasons.
Two league games so far; scored almost 130 points and conceded one try. Another game on Saturday, which I'll be attending; beer in hand. The crowd for the first home game was only about 400, but that's 25% of the home gates at Sixfields.
The atmosphere now; with it being a more community-based, transparent ad grass-roots club is great; and it'll take best part of 5 years or more to get back to where they were - but having got there, it'll be a totally different and close-knit club for the journey.
Gates this year at Sixfields will leave us ham-strung by FFP for seasons to come in any case; and unless we get promotion tis year (as the squad in funded using Ricoh-income as the basis for calculating budget), then relegation is a real possibility in the coming seasons.
I'm not saying we should advocate liquidation, just saying that in a different sport, the Lions have done it and are rebuilding, whereas we seem on a trend headed in a very different direction, with no sign of a change of direction in sight
What would Sisu have to gain by liquidation ?
That would devalue the only assets they have to sell !!!!
All being well, I'll be there too
Liquidation wouldn't mean a club called Coventry City - in a new iteration - would cease to exist. The Rugby Lions have had to bounce back from exactly the same; albeit for different reasons.
Two league games so far; scored almost 130 points and conceded one try. Another game on Saturday, which I'll be attending; beer in hand. The crowd for the first home game was only about 400, but that's 25% of the home gates at Sixfields.
The atmosphere now; with it being a more community-based, transparent ad grass-roots club is great; and it'll take best part of 5 years or more to get back to where they were - but having got there, it'll be a totally different and close-knit club for the journey.
Gates this year at Sixfields will leave us ham-strung by FFP for seasons to come in any case; and unless we get promotion tis year (as the squad in funded using Ricoh-income as the basis for calculating budget), then relegation is a real possibility in the coming seasons.
I'm not saying we should advocate liquidation, just saying that in a different sport, the Lions have done it and are rebuilding, whereas we seem on a trend headed in a very different direction, with no sign of a change of direction in sight
Sounds good. I hate rugby though.
Cool; look for a big, ugly yet cheery looking chap. That shall be me
Prop for the day?
So why did Joy give an interview to les reid? Curse you ACL for making Joy & Les do that interview
Another pile of BS from Sisu? Curse you ACL for making Sisu talk BS
Investors running away now fans are turning their back? Curse you ACL for making Investors turn their back
New stadium applications being met with a firm NO? Curse you ACL for not assisting Sisu with new stadium applications and then having them turned down
as she said her only concerns in life are her family and investors. i cant see how liquidating the club would be best for her investors, so i think its a bluff.
Liquidation wouldn't mean a club called Coventry City - in a new iteration - would cease to exist. The Rugby Lions have had to bounce back from exactly the same; albeit for different reasons.
Two league games so far; scored almost 130 points and conceded one try. Another game on Saturday, which I'll be attending; beer in hand. The crowd for the first home game was only about 400, but that's 25% of the home gates at Sixfields.
The atmosphere now; with it being a more community-based, transparent ad grass-roots club is great; and it'll take best part of 5 years or more to get back to where they were - but having got there, it'll be a totally different and close-knit club for the journey.
Gates this year at Sixfields will leave us ham-strung by FFP for seasons to come in any case; and unless we get promotion tis year (as the squad in funded using Ricoh-income as the basis for calculating budget), then relegation is a real possibility in the coming seasons.
I'm not saying we should advocate liquidation, just saying that in a different sport, the Lions have done it and are rebuilding, whereas we seem on a trend headed in a very different direction, with no sign of a change of direction in sight
Sounds good. I hate rugby though.
How on earth is liquidation good for investors?
i don't know. do you?
Oh - I can't see how in any way at all. I thought you might have had some sort of inkling for me lol
having thought about it a bit longer the only possibility i can see for it making sense is that liquidation could save her investors from further losses. i.e. they cut and run, as apposed to pouring more money into a business that joy can no longer get a return on. that's assuming she has run out of idea's on how to get a return from the business and whether she can or not is anyone's guess.
i guess handing over money to hedge funds is always going to be a gamble and people who are willing to do it probably do so on the premise that they may never see their money again. a bit like fruit machines, except you get the privilege of stamping over innocent football fans in the process.
But selling for £100 more than the actual value of any assets would be better than liquidation...I'm sure there are people out there that could easily rustle that amount up to buy them out?
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