covmark
Well-Known Member
No thanks, I'll continue to support the club that I've supported for 30 years.
Skid mark, that's a good one.
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Tim Fisher (2 Viewers)
- Thread starter bawtryneal
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Skid mark, that's a good one.
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Rusty Trombone
Well-Known Member
Joy is more interested in money and staying out of the limelight than she is in Coventry City, so these are the 2 things to target.
Stopping giving money to the club will obviously worsen things, but there's seemingly little prospect of things getting better anyway, so my view is that's it's better to hasten the end result, whatever that is going to be.
Keep Joy and Tim in the headlines, and Deering as well, what benefit do ccfc get from her? Make their involvement in the club as uncomfortable as possible.
Stopping giving money to the club will obviously worsen things, but there's seemingly little prospect of things getting better anyway, so my view is that's it's better to hasten the end result, whatever that is going to be.
Keep Joy and Tim in the headlines, and Deering as well, what benefit do ccfc get from her? Make their involvement in the club as uncomfortable as possible.
Rob S
Well-Known Member
Dwindling crowds should bother any football club owner TBF. A lot of how things pan out with any boycott will come down to the performances on the pitch this season to an extent. I've seen most of the games and we're definitely far better than the results before Port Vale.
It's a bit early to know about how an ST boycott could affect them tho'. Fast forward to Feb/March and it could be very different.
Skyblueweeman
Well-Known Member
skybluetony176
Well-Known Member
My point is that she can hold on in the hope that eventually there could be a return if the stadium / asset issue can get sorted. She would sell if someone legit came forward with a decent offer but it's her idea of decent rather than a market valuation. It's a gamble, but a safer one than most people think.
£15–25m (and that is an educated guess, but very much a guess – I have no idea what she'd entertain) might be a big loss, but £0–1m is massive, so why not hang on and see if it turns around? If Wasps go to shit or the Butts Park Arena moves forward, it's a different landscape all of a sudden.
(BTW, this is me taking a lot of what I've heard & talked about with a lot of people and making my own theory based on trying to think like a hedge fund – well, if you wan't to be accurate, hybrid fund – manager / finance person.)
Probably having a rest after the cricket season
If Joy wants £15-25M for CCFC no wonder we can't think like them. She must be completely detached from reality if she thinks CCFC is worth anywhere near that. And that's before we even get to the bottom of the cycle.
Next time you see Tim on the train get him to point out to her how much Wolves or Villa were sold for. If she's seriously thinking of investing millions in a new stadium she must be under the impression that we'll be worth hundreds of millions with a stadium going by her apparent estimation of what we're currently worth. Which of course is nonsense.
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Skyblueweeman
Well-Known Member
Gint11
Well-Known Member
Ah hem no....selling Highfield rd that we OWNED for a stadium to RENT was...the Northampton move was just another fuck up down the line of destruction.
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Rob S
Well-Known Member
Just to be sure here: this is me pulling figures out of the air, I have no idea what she actually thinks or wants. But if A Legit Corporation Ltd. wanted to talk about taking CCFC over, I don't think that would be an unreasonable range to be talking about – from her position because she doesn't have to sell for less...she's playing a longer game to try and make something back on the investment. It might fail, it might succeed but from a business point of view she's probably happy with the risk. What the club is worth is immaterial if she doesn't have/want to sell at the moment.
I totally understand that people just want rid of SISU and I'm not disagreeing with the sentiment. Far from it, it would be a blessed relief, but after all that's happened, thinking that she'll get fed up and just chuck the keys over to Jan, Moz & Steve is as detached from reality as anything else really.
Not that CCFC-reality is somewhere that you really want to be attached to if you can help it
Wot's football?
The club is worth approx minus £60m so any fool can work out that there won't be any takers. Most of this is owed to SISU connected companies.
So the next time we go into administration there's a real chance this time it will mean liquidation. If SISU can be persuaded to piss off with 5p in the £, a potential buyer will need to find £3m. Oh, and a ground. And a wage bill.
Somehow I still don't see any takers.
Or there's the AFC Newport model. Or the AFC Wimbledon one. Or the Hereford one. Or the Wolverhampton Wanderers (1986) one?
With a clean slate.
Did you spot those 25k Wolves fans all bleating " no thanks, I'll carry on supporting the club I've supported since....er....1986"?
No. Nor me.
It depends how the endgame plays out Mark.
The club is worth approx minus £60m so any fool can work out that there won't be any takers. Most of this is owed to SISU connected companies.
So the next time we go into administration there's a real chance this time it will mean liquidation. If SISU can be persuaded to piss off with 5p in the £, a potential buyer will need to find £3m. Oh, and a ground. And a wage bill.
Somehow I still don't see any takers.
Or there's the AFC Newport model. Or the AFC Wimbledon one. Or the Hereford one. Or the Wolverhampton Wanderers (1986) one?
With a clean slate.
Did you spot those 25k Wolves fans all bleating " no thanks, I'll carry on supporting the club I've supported since....er....1986"?
No. Nor me.
Rob S
Well-Known Member
So £2.4m per annum...sounds about right. That is going to hurt. I think there was something about having to re-value the stadium too? Have you heard anything?
This is why I'm suspicious about the exact intentions behind the CT petition.
NorthernWisdom
Well-Known Member
Please let's not do Newport. They had to move to a different country for a decade!
Grendel
Well-Known Member
Fuck off Garry
How does that tie in ( with the CT plot )? Ask SISU to go and Wasps are saved? Wasps are top of their league and we are almost bottom of ours. We pay 100,000 a year - peanuts in comparison to the figures you quote - and we are still in trouble. I cannot see Joy getting out of this by hanging on. The Butts is too small anyway and Wasps are doing great in their sport. If SISU have to build a new stadium, it will cost a fortune and take years. She would need even more investors. How does she explain that having lost millions it would be a great idea to put loads more money in? Put it up for sale and let others throw money in. She should move on and concentrate on her other schemes where she has a better track record.
Captain Dart
Well-Known Member
I don't care about Wasps. While we are talking about losses what about the £18M losses SISU have posted on CCFC in the last 4 years?
Grendel
Well-Known Member
Piss off. When did you last attend a game?
Grendel
Well-Known Member
You jerk yourself off over wasps council Jack.
Captain Dart
Well-Known Member
I guess you haven't read Sun-Tzu then. Neither does Joy for..
She's always fighting battles she can't win and doesn't understand what she's up against.
'So £2.4m per annum...sounds about right.' says RS who claims that will hurt Wasps. In comparison, a 2,4m payment from turnover against 18m loss, shows how badly off we are against the newcomers.
albatross
Well-Known Member
just as a point of interest, this piece of land for sale about 100 yards from Ryton
http://www.rightmove.co.uk/commercial-property-for-sale/property-61751909.html
Planning for 14 homes, makes you think how much Ryton would be worth to SISU/ Otium
http://www.rightmove.co.uk/commercial-property-for-sale/property-61751909.html
Planning for 14 homes, makes you think how much Ryton would be worth to SISU/ Otium
Grendel
Well-Known Member
Yesterday? Sunday? I'm not talking about wasps you moron.
thekidfromstrettoncamp
Well-Known Member
The lack of communications has been going on well before the last couple of weeks it doesn't take to much put out a statement to the press. On certain issues for many years the number of times they have been asked to turn up for interviews or meetings and have failed to show no fans forums no nothing .You must communicate with people .As for possible new owners they will just sit back and let them hang themselves a job they seem to be doing quite well and then come in and pick up a distressed club (a full circle ) .The buzzing things don't seem to be doing to bad I have not heard any calls of financial distress from them gates going quite well (yesterdays gate double our last week)
albatross
Well-Known Member
This is for a 1.5 Acre site, Ryton Training ground is six acres so given a like for like valuation probably about £7,200,000
Grendel
Well-Known Member
You said the last game you watched was yesterday. Who was playing?
Captain Dart
Well-Known Member
I've pointed that out several times & Rob S and others keep making out CCFC is in a stronger position than Wasps, its an absurd proposition, CCFC are deep in the shit, Wasps have a shortfall and need to ramp up turnover but they seem to have realistic plans on which they're making progress.
SISU need to worry about their own finances, last financial year CCFC posted losses that were equivalent to 40% of turnover.
Brylowes
Well-Known Member
My point is that she can hold on in the hope that eventually there could be a return if the stadium / asset issue can get sorted. She would sell if someone legit came forward with a decent offer but it's her idea of decent rather than a market valuation. It's a gamble, but a safer one than most people think.
£15–25m (and that is an educated guess, but very much a guess – I have no idea what she'd entertain) might be a big loss, but £0–1m is massive, so why not hang on and see if it turns around? If Wasps go to shit or the Butts Park Arena moves forward, it's a different landscape all of a sudden.
(BTW, this is me taking a lot of what I've heard & talked about with a lot of people and making my own theory based on trying to think like a hedge fund – well, if you wan't to be accurate, hybrid fund – manager / finance person.)
Probably having a rest after the cricket season
So the SCG have left the squirrel and now have meetings on the Coventry to Euston train,
Where can I find the minutes, oh and Rob say hello to that Strange fucker for me.
The question you asked was when did I last ATTEND a game, Dullard. Yesterday. Now piss off
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Skyblueweeman
Well-Known Member
Nope. But you're right. Paying £2.4m per annum on top of your normal running costs, wages etc, whilst also paying to develop the Higgs centre AND a potential land purchase for housing...well, I'm not sure being top of a division after a few games is going to cover all that.
My gut feeling, and it's only my opinion before the world and his dog has a hissy fit, is that there seems to be a correlation between the surname Richardson and financial management.
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Skyblueweeman
Well-Known Member
Yeah, but did you see that 70ft putt by Rory last night?
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NorthernWisdom
Well-Known Member
It's always nice to see a well-built dressing table, I agree.
Rob S
Well-Known Member
Well, the assumption is that if SISU are forced out fo' cheap / free, CCFC's new fan-friendly owners sign a long term rental deal on the stadium. The stadium value goes up inc. getting a better naming rights deal which helps Wasps' finances & valuation (v. important). They've spent a lot on players and still don't sell that many tickets, along with the fact that Premiership rugby is not an easy way to make money, even without £2.4m pa interest payments.
As for the Butts, it's as big as Millwall & Reading and anything there is better than the nothing we have at the moment in terms of value to the club/investors. It may never happen but it's an option at the moment and one that they look like they're interested in pursuing.
oucho
Well-Known Member
I do not see how the club can even think about a new stadium. The owners have lost gazillions and will lose more if they stay on, building a new ground will make things worse. Just sign a reasonable libg term rent deal at the ricoh on the best terms possible and sut tight to see what develops. If Wasps do go tits up then we could acquire the ricoh or a big slab of it for a fraction of the cost of a new stadium.
