skybluetony176
Well-Known Member
Ranson was long gone when the council invited any serious offer.
The end of Sisu? (10 Viewers)
- Thread starter AFCCOVENTRY
- Start date
Ranson was long gone when the council invited any serious offer.
Nick
Administrator
I just meant literally an office, rather than a block or anything. Just a number on a door like the old Courtalds bit on Lockhurst lane, just a bit fancier.
AFCCOVENTRY
Well-Known Member
Well moving from Mayfair to Kensington High St is downsize in London. They rent the office space.
Captain Dart
Well-Known Member
They've certainly moved last November to Kensington High Street
https://beta.companieshouse.gov.uk/company/03413843/filing-history
Couldn't tell you if that's downsizing or not or even a worse postcode or not. Certainly doesn't sound as glamorous. I'm visualising (rightly or wrongly) a dingy office with a shared kitchen and toilet above a bookies
Sole Trader is at 96A, Ryman at 96, so I guess it is somewhere in the offices above the shops, either that or they have been given a stock room by Theo Paphitis.
AFCCOVENTRY
Well-Known Member
Sisu additionally lost their star players to another investment fund called Izurium Capital.
skybluetony176
Well-Known Member
Might also explain the move to build houses on Ryton. They possibly don't have any intention of building on it or selling it of separately to the club but its a cheap and fairly easy process to get it approved as a housing development and an easy way to add value to the site and therefore club.
It is all about creating an image.
skybluetony176
Well-Known Member
Sole Trader is at 96A, Ryman at 96, so I guess it is somewhere in the offices above the shops, either that or they have been given a stock room by Theo Paphitis.
View attachment 5686
That doesn't look like a step up to me.
Nick
Administrator
Free pencils though!
skybluetony176
Well-Known Member
Nick
Administrator
There was a guy on here (I think Martin) was saying he was looking at land for a client.
It would be interesting to know how much the land at Ryton is worth before the housing stuff as is, and then how much it would be worth after to see the jump.
oucho
Well-Known Member
This part at least is true. They previously had a whole floor at an office building in Mayfair. Checked just now and they have moved to Kensington High Street.
Edit - just seen that someone else has shown this already.
Captain Dart
Well-Known Member
Yeah I've made those mistakes on google maps b4 do I double check now, H&M's at 103 and the HSBC bank next door to sole trader has number 94 over the door..Ah I was on the other side of the road in the one next to H & M
*Or I was looking to see how posh it was but was on my phone so didn't do a very good job!
Nick
Administrator
I can see this being another thread most will agree on, I doubt nobody will shed a tear to see them go up the shitter as long as it means CCFC doesn't.
Although it would be nice to think they would be increasing the land value to make CCFC worth more I think it might be giving them too much credit.
Although it would be nice to think they would be increasing the land value to make CCFC worth more I think it might be giving them too much credit.
Nick
Administrator
Did you just zoom in to look at door numbers?
Captain Dart
Well-Known Member
No I googled "H&M Kensington High Street London W8 4SG " & "Ryman Kensington High Street London W8 4SG ", but I saw the number after when I zoomed in and looked around cause I'm on my PC at home and I can
skybluetony176
Well-Known Member
Grendel
Well-Known Member
Of course it's the councils fault. They created the scenario the club would always fold at some point.
If the original price was a realistic level then it may have been an option. However the formula price was greater for half than wasps paid for the whole
Source? Ransons mouth. The "plan" was a five year strategy. Though I suspect for ranson the plan was more to do with Honest Ray the football man.
henry the wasp
Well-Known Member
Walter Bosco set that company up. Another director who didn't stay long.
skybluetony176
Well-Known Member
Ranson was long gone when the council invited any serious offer and AL went to see JS in London.
Unless you're suggesting that Ranson is still secretly involved behind the scenes.
Captain Dart
Well-Known Member
Think the original plan depended on continued investment to get to the Prem. it was only going to work with the sort of commitment King Power showed at Leicester.
SISU pulled the plug on that strategy after little more than a season and started flogging off the better players.
SISU pulled the plug on that strategy after little more than a season and started flogging off the better players.
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Nick
Administrator
I will try to not get too excited, as although it sounds like good news I have learnt never to get carried away.
I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there
Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?
As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there
Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?
As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
AFCCOVENTRY
Well-Known Member
They have random shareholdings in companies. The most successful one is some Polish Telecoms company Netia I think it was called. 10% shareholder I think?
Captain Dart
Well-Known Member
Izurium are in Mayfair. 28 Bolton St, Mayfair, London, W1J
Nick
Administrator
What does he think the options would be for CCFC?
As Tony said they could increase the value of CCFC to sell it off, or I guess they would just increase the land value and then sell that as CCFC and take the "debt" back?
The thing it rests on then is that clause with sport england and rugby council isn't it?
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skybluetony176
Well-Known Member
Captain Dart
Well-Known Member
Some sucker is gonna get stung.
Rusty Trombone
Well-Known Member
skybluetony176
Well-Known Member
Haven't they been trying to offload that for a while now. I'm sure I stumbled over an article well over a year ago (got a feeling that it was when we were in Northampton actually) saying that they were looking to offload their shares. Have they not done that yet?
Captain Dart
Well-Known Member
Monthly rolling contracts, they're getting ready to pull the plug on all of it aren't they!
ceetee
Well-Known Member
Your first point is true but not incompatible with Grendel's point
I seem to remember Ranson stating publicly that he had no interest in buying into the Ricoh and wasn't that why CCC favoured SISU and Ranson in the first place.
Anyway, what does it matter now. The lesson from this OP surely is that SISU are vulnerable to direct action and we should not, and need not, get at them through CCFC as that only damages the football club.
AFCCOVENTRY
Well-Known Member
I will try to not get too excited, as although it sounds like good news I have learnt never to get carried away.
I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there
Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?
As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
They always look for a return on an investment even if it fails. Anything is better than nothing. I would imagine absolute ass breaking hard ball tactics from Sisu on any sale.
It's like a typical share. You buy 1 share in BP for £10. It goes down in value to £4 after a few years. You want out..You still take the £4...better than nothing.
skybluetony176
Well-Known Member
I will try to not get too excited, as although it sounds like good news I have learnt never to get carried away.
I will just bank the fact I had a joke with Brylowes and agreed on something, and go from there
Them going down the pan could also mean bad news for CCFC, does your mate think they would just sell us off? How would hedge funds usually deal with it?
As have said for weeks (and Italia has alluded to, as well as chipfat) then who on earth would want / or could possibly to take on a football club in Coventry with no stadium, no training ground or academy?
It is indeed worrying what it could mean for the club. One possibility though is that it puts any potential bidder in the driving seat meaning a takeover has just become more likely. Might not necessarily be a bad thing for CCFC if SISU are in the shit but I think it's right to be cautious about what it would mean. Let's face it. None of us really know for sure either way. We'll only really know if and when things unravel publicly.
AFCCOVENTRY
Well-Known Member
Here you go... Looks like they have 12.73% share holding. They may have had a larger holding that they've cashed in to deal with the overall losses Sisu have been making. It's one of their 'better' investments.