Dance Of Death

Discussion in 'Ricoh Row / Politics / SISU Section' started by Grendel, Aug 26, 2016.

  1. Grendel

    Grendel Well-Known Member

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    There seem to be some posters on here and certain other forums that clearly believe that the NOPM approach still has validity and purpose.


    My view on this is it is at best hopelessly misguided and at worst detrimental to the club and its very existence is being threatened.


    There seems a strange view that less supporters will mean Sisu will hasten their exit. I struggle to see how this actually has any basis in logic at all.


    Sisu have a history of not actually having any interest in the consumer at all. The move to Northampton alone demonstrates that. A few non attendees will not even be noticed by them.


    As stated in a previous post the club has effectively been removed from the investment portfolio and exists as part of the Group in name only. Self-funding is an improbable task for a struggling league one football club. It is inevitable that players will be sold and any revenue from sales retained to keep the clubs sustainability for this and future years. Cash flow and supporting non playing overheads need to be covered. The notion transfer fees can be used to re-purchase is fanciful. In theory the budget should be the same as last year but for any sustainability, the club needs to retain some funds.


    There is a total lack of awareness of the problem the club faces. It’s far bigger than Joyless, Timmy or that German chap. Sisu remains I assume to continue the legal focus. Without that they may well have folded by now. As long as we can sustain they will remain. Sustain we can but costs will be cut as long as attendances decline. Fan support is directly related to spend on the pitch.


    The club is in crises as it is being attacked by all sides. The Council have clearly joined forces with Wasps. Rather like the NOPM campaigners they see this as a way of forcing the owners out of town. However, the Council have never been a friend of this football club. The recent actions, though, show a new level of contempt for the local tax payers who follow this proud club. Instrumental in blocking any opportunity to move to the BPA, building a loss making Olympic Pool in the centre the club uses for its Academy and demanding money not legally owed are new depths even they, I thought , would not plunge to.


    Wasps are the ultimate franchise. No interest in customer loyalty, no interest in heritage. The view Wasps would take this club as a League One club with its loss making potential is fantasy. Wasps purchase very little. They acquire at bottom price and look to build upwards from a zero cost base. The latest venture into Netball illustrates this perfectly. They will not buy this club. They may, however, acquire a liquidated organisation.


    Here is the risk. Wasps would take the name and build from zero. It would cost nothing and could e profitable. The impact on the club would be cataclysmic. A former member of the PL rattling round in a 30,000 concrete shell playing clubs even Nuneaton Town would consider inferior. The ability to build from a zero cost base would fit to their model perfectly.


    Sisu as an ultimate act of vengeance may comply. Will it really damage the reputation or enhance it to high risk investors? It would for sure send a statement. It should not be discounted.


    The death scenario I really believe is not that far away. It is clear that sustainability is not achievable if competitive position is to be retained and it is clear that enemies and vultures are circling. The owners themselves are not friends either and may be complicit in this scenario.


    I do believe the club can be saved if interest is there from the fanbase. NOPM will not work – it will never work. Increase fans will improve revenue for the club and will at least make the club look credible as a going concern. I suspect this is a forlorn hope, however.


    The Dance of Death is close. All parties are joining in the Dance – I really believe RIP is not far away.
     
    Kingokings204 and skybluepm2 like this.
  2. luwalla

    luwalla Active Member

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    Or , as speculated many times before, SISU could be happy to hang onto the club & simply use it as a valid way of writing down debt to be offset against their profit making investments ... In which case they have no interest in club investment, or progression really, and as long as the club is self funding then they are not even that fussed if it drops down again.

    Most worryingly though, it means they have no incentive at all to sell in the short or even the very long term as having the club and the ability to write down its debt is actually far more beneficial to them than selling up at a major loss.

    I have no idea of their company structure but out of all the theories as to why SISU are still here, and what they have to gai , when you look at how the club is being run , the above scenario seems to ring true and make the most sense... Which is pretty frightening.
     
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  3. Ashdown

    Ashdown Well-Known Member

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    I guess most of that sums it all up and with no particular bias thankfully. Trouble is as you point out a few fans refusing to contribute any further cash will have about as much impact as a few more fans deciding to input a few hundred quid that they probably can't afford. It's all very depressing and in a very competitive world for entertainment and leisure and the fact that people are very sheep like as a whole and want to attach themselves to things 'In vogue' like the 'Prem' or beards, then how many can be convinced to spend hard earned on a failing and diminishing football club.
    SISU have to leave, it's the only way of convincing anyone in the Midlands of Sky Blue persuasion that there is some hope for the future.
     
  4. fernandopartridge

    fernandopartridge Well-Known Member

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    That is nonsense. SBSL is not part of any wider group.
     
  5. luwalla

    luwalla Active Member

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    As I said I don't k ow the structure of their companies you do, fair play... i thought SISU were a group that invested in various business, of which Coventry ( or SBSL ) were one... So we are an indipentantly owned limited company with no link to SISU overall business ? And they can gain no tax advantage for their operations here , within their group ?
     
  6. Ian1779

    Ian1779 Well-Known Member

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    I'm no financial expert, but wouldn't any kind of tax relief/avoidance have to based on revenue through the club. And as we've seen revenue is not something we're blessed with, so we aren't really a business that would make that so worthwhile?!
     
  7. fernandopartridge

    fernandopartridge Well-Known Member

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    The majority shareholder in SBS&L is Sconset Capital LP, registered in the Cayman Islands, so comments about tax avoidance are off the mark imo. Pretty pointless being registered in the Caymans if you make consistent losses.
     
  8. dongonzalos

    dongonzalos Well-Known Member

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    I don't do NOPM.

    However I do have a couple of questions relating to a few comments made above.

    If SISU do not care about crowds. Do people think it is incorrect that our crowd levels at Northampton were not the main reason why we returned? 1000-2000 crowds us the closest you will get to NOMP?

    If SISU's only agenda is the legal action why do they need to continue running the club.
    A requirement of continuing with the legal action isn't that you still have to be owners. So what is the purpose of confusing owning the club.
    Is it that it pays for itself and a promotion is possible. We were 4 points away from the play offs last season. If the promotion happens is it worth selling off at that point rather, than handing it over via an administration process.

    If Wasps do take over the club at whatever level. What would be their aim and purpose if they owned it?
     
  9. NorthernWisdom

    NorthernWisdom Well-Known Member

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    Pretty sure we came back just because we got wind of the Wasps deal, and were trying to block it in some way.
     
  10. dongonzalos

    dongonzalos Well-Known Member

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    That's my gut feeling regarding that one as well.
    I think it was a case of starve ACL out.
    Then they got wind of Wasps deal knew they actually had no genuine intention of building a new stadium.
    Panicked incase when Wasps came in that deal meant CCFC were locked out.
    Knew Northampton wasn't sustainable and decided they were much better to be in the Ricoh in order to try and block the deal, gazump it, be part of it. Or worst case scenario be as they are now. P
     
  11. chiefdave

    chiefdave Well-Known Member

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    If they can run the club as self sustaining there is no benefit to them in selling, they may as well hang on to it and hope that a miracle happens and someone either makes them a silly offer or somehow we get into the PL and they can cash out.
     
  12. dongonzalos

    dongonzalos Well-Known Member

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    Yes it needs to be self funding for this.
    A move out of the city (Not local) would either mean it's no longer self funding. Or it is self funding but relegations as oppose to promotions will be the likely outcomes
     
  13. The Gentleman

    The Gentleman Well-Known Member

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    The one and only positive if 'the end' becomes reality is that we won't have to read your constant drivel anymore
     

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