Chesterfield sold (1 Viewer)

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smileycov

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Apr 13, 2010
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sale in principal agreed for 10m.

How can sisu turn down an alleged offer of 7m up front when we are in a worse state than chesterfield? We have zero assets.
Surely the shareholders need to be asking Joy wtf!!!
 
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SkyBlueCRJ

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The SISU Capital shareholders are more likely to ask 'wtf' if she accepts that her failed business venture has cost them £75 million minus whatever upfront return they get from the sale.
Otherwise she would have got rid years ago...
 
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covcity4life

covcity4life

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they seen checkatrade windfall

now they want success

sisu will take us to league promotiona nd fa cup victory!

WE ARE BACK
 
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Suffolk sky blues

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Ccfc is stuck while sisu own the club. Moving forward the whole setup needs a cash injection year on year.sisu aren't interested.
 
Nick

Nick

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Suffolk sky blues said:
Ccfc is stuck while sisu own the club. Moving forward the whole setup needs a cash injection year on year.sisu aren't interested.
Click to expand...
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mark82

mark82

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smileycov said:
sale in principal agreed for 10m.

How can sisu turn down an alleged offer of 7m up front when we are in a worse state than chesterfield? We have zero assets.
Surely the shareholders need to be asking Joy wtf!!!
Click to expand...

Sisu own the club so can accept/reject any offers they want. That's the unfortunate fact of the matter.
 
fernandopartridge

fernandopartridge

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I don't think the CCFC sale price is about the value of the assets, is it? It's about trying to recompense SISU to a level acceptable to them / their investors. That's why we are stuck between the rock and the hard place of either paying a massive severance fee or paying nothing and waiting for the court actions to be exhausted.
 
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Covstu

Covstu

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Didn't the Portsmouth fans sell theirs for 7.5M?

Sadly we will never get to a point of sale with a clean one off bid, any deal with SISU will have to be significant upfront to cover debts but then caveated with additional future clauses down the line (and I bet they will probably battle in court on the interpretation of those at some point!).

I just cannot see an exit strategy for these jokers, they don't care what we think as fans but no-one can figure out what the end game is for them.
 
Captain Dart

Captain Dart

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JamesCCFC said:
The SISU Capital shareholders are more likely to ask 'wtf' if she accepts that her failed business venture has cost them £75 million minus whatever upfront return they get from the sale.
Otherwise she would have got rid years ago...
Click to expand...
They haven't spend that much.. maybe £35M. Largely spunked away though I'd agree.
 
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Captain Dart

Captain Dart

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Danceswithhorses

Danceswithhorses

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smileycov said:
sale in principal agreed for 10m.

How can sisu turn down an alleged offer of 7m up front when we are in a worse state than chesterfield? We have zero assets.
Surely the shareholders need to be asking Joy wtf!!!
Click to expand...

Sadly you can't use logic and sound reasoning when SISU are involved
 
Captain Dart

Captain Dart

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chiefdave

chiefdave

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fernandopartridge said:
I don't think the CCFC sale price is about the value of the assets, is it? It's about trying to recompense SISU to a level acceptable to them / their investors. That's why we are stuck between the rock and the hard place of either paying a massive severance fee or paying nothing and waiting for the court actions to be exhausted.
Click to expand...
Exactly, why would SISU sell to someone for less than a price they deem acceptable?

Also when people talk of buying the club they aren't really talking about buying the company that is CCFC. You could buy that for the famed £1 but you would still owe SISU, Avro etc tens of millions. What the likes of Hoffman want is to buy the bits of the company that make up the football club (player contract, ryton, golden share etc) and leave the debt behind in Otium.
 
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Broken Hearted Sky Blue

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chiefdave said:
Exactly, why would SISU sell to someone for less than a price they deem acceptable?

Also when people talk of buying the club they aren't really talking about buying the company that is CCFC. You could buy that for the famed £1 but you would still owe SISU, Avro etc tens of millions. What the likes of Hoffman want is to buy the bits of the company that make up the football club (player contract, ryton, golden share etc) and leave the debt behind in Otium.
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Seems reasonable
 
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bawtryneal

bawtryneal

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I will make a very bold statement
If SISU keep hold of this management team and the nucleus of the current squad we will be back in the championship in 3 years.
Then they will sell up.
 
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italiahorse

italiahorse

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chiefdave said:
Exactly, why would SISU sell to someone for less than a price they deem acceptable?

Also when people talk of buying the club they aren't really talking about buying the company that is CCFC. You could buy that for the famed £1 but you would still owe SISU, Avro etc tens of millions. What the likes of Hoffman want is to buy the bits of the company that make up the football club (player contract, ryton, golden share etc) and leave the debt behind in Otium.
Click to expand...

So I have a house for sale worth £200K but I have struggled to pay bills and run or credit card debts on household luxuries I can't afford.
I have run up debts of £130K.
The buyer needs to then pay me £330K before I sell it?
 
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Hobo

Hobo

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fernandopartridge said:
I don't think the CCFC sale price is about the value of the assets, is it? It's about trying to recompense SISU to a level acceptable to them / their investors. That's why we are stuck between the rock and the hard place of either paying a massive severance fee or paying nothing and waiting for the court actions to be exhausted.
Click to expand...

Agree but it is still bonkers management and financial planning. How long will it take to build the business CCFC up from league 2 after years of neglect? How long will the litigation take with no guarantee of reward?

You would think that a half decent hedge fund could take a decent lump sum, say 10 million and make it work for them more quickly than the above scenarios.

I mean SISU do know what to do regarding investments don't they?
 
Amcoventry

Amcoventry

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bawtryneal said:
I will make a very bold statement
If SISU keep hold of this management team and the nucleus of the current squad we will be back in the championship in 3 years.
Then they will sell up.
Click to expand...
Where will we be playing?
 
italiahorse

italiahorse

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robbiekeane said:
If you just apologise for the ridiculous analogy we can all pretend it didn't happen if you want
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When Sisu apologise and leave then I will also.
Apologies need to come from Sisu and not from anybody on here ;)
 
fernandopartridge

fernandopartridge

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Hobo said:
Agree but it is still bonkers management and financial planning. How long will it take to build the business CCFC up from league 2 after years of neglect? How long will the litigation take with no guarantee of reward?

You would think that a half decent hedge fund could take a decent lump sum, say 10 million and make it work for them more quickly than the above scenarios.

I mean SISU do know what to do regarding investments don't they?
Click to expand...

Perhaps they would take that? Nobody has tested it. After the Dale Evans saga, I'm sceptical about Hoffman and his consortium's offers for the club. SISU's statements in respect of Dale Evans seem to suggest that they are open to offers.
 
Grendel

Grendel

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italiahorse said:
So I have a house for sale worth £200K but I have struggled to pay bills and run or credit card debts on household luxuries I can't afford.
I have run up debts of £130K.
The buyer needs to then pay me £330K before I sell it?
Click to expand...

That’s like saying wasps deal to buy the Ricoh was a £20 million deal when it was £5.7 million.
 
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