Investment on the Horizon? (9 Viewers)

[hutch1972]

No he resigned when the football league started sniffing round his loans to Cardiff City.

His loans to he club were at twice the interest rates of sisu loans.

So it's unlikely it was the fact he disagreed with the sale of Fox and Dann and on the direction which they decided to steer the club.
Having listened to the porkies that our owners have put out over the years , I know who I tend to believe.

 

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[stupot07]

Absolute rubbish stupot07.... Have you got selective memory or what?... Almost at the beginning of SISU tenure(When Coleman was brought in) RR/SISU quotes of "22k is break even" or do you conveniently forget that "Famous quote"

No, I've never forgotten that, however back then sisu were happy to fund losses, its only been in the last 12-18 months were Sisu have said they won't put anymore money in and that we have to breakeven.

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[Grendel]

So it's unlikely it was the fact he disagreed with the sale of Fox and Dann and on the direction which they decided to steer the club.
Having listened to the porkies that our owners have put out over the years , I know who I tend to believe.

Ranson was just a skilled liar - fisher a poor one. You do know about his prozone loans to the club and the whacking interest rates do you?

 

[bawtryneal]

They won't get the money and that's why we know they will not build a new stadium, so it's time to just stop the pretence and say there IS no new stadium. This is why we try to piggy back ourselves on stuff like the Butts development.

They dare not say that though. It's all smoke and mirrors and they have to keep up the pretence.

For the life of me I don't know why we keep talking of new stadiums on here. Never going to happen while Sisu are in charge.

They have been looking for investors for years now. No-one is interested.

The only way we will have a new stadium is under new ownership.

Correct !!!

 

[Sky Blue Kid]

No, I've never forgotten that, however back then sisu were happy to fund losses, its only been in the last 12-18 months were Sisu have said they won't put anymore money in and that we have to breakeven.

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You,ve never forgotten, yet your latest post making out it is a "New" thing!

 

[Nick]

You,ve never forgotten, yet your latest post making out it is a "New" thing!

He pointed out the difference and what has changed.

 

[Sky Blue Kid]

He pointed out the difference and what has changed.

So "Break even in 2007" is totally different to "Break even in 2016" is it?.....Load of rubbish Nick!
The only difference is the year.

 

[shy_tall_knight]

Correct !!!

Fisher got away without being effectively pressed on the new stadium farce during last weeks interview. Their model is clearly a zero funding model so never going to invest their own capital and there won't be a long list of "partners" willing to cosy up with SISU and deliver a new stadium.

 

[torchomatic]

You,ve never forgotten, yet your latest post making out it is a "New" thing!

No, the "new thing" is we are now truly on our own. In the past SISU would put their hand in their pocket, but no longer, so we really do have to break even now.

 

[Nick]

So "Break even in 2007" is totally different to "Break even in 2016" is it?.....Load of rubbish Nick!

How is it rubbish?

You are talking about the figure of attendance needed for the club to not lose money but losses covered.

Now it's in reference to the whole club being self sustained.

That's what has changed which is what he meant and where "new" has come into it.

 

[Sky Blue Kid]

How is it rubbish?

You are talking about the figure of attendance needed for the club to not lose money but losses covered.

Now it's in reference to the whole club being self sustained.

That's what has changed which is what he meant and where "new" has come into it.

Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.

 

[Nick]

Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.

What are you on about? I explained what was meant by it and what was "new".

It's not hard to grasp.

 

[torchomatic]

Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.

Oh come on, have the grace to listen to what people are telling you. No one is having a "go", they are simply explaining the differences.

 

[ccfc92]

No, the "new thing" is we are now truly on our own. In the past SISU would put their hand in their pocket, but no longer, so we really do have to break even now.

One thing I've always wondered, didn't we get told we were debt free not so long ago? If so why are we suddenly 10's of millions in debt again? When we were apparently losing 5-10 million a year?

 

[torchomatic]

One thing I've always wondered, didn't we get told we were debt free not so long ago? If so why are we suddenly 10's of millions in debt again? When we were apparently losing 5-10 million a year?

Yes, I think that was one of Ranson's Follys.

 

[Sky Blue Kid]

Oh come on, have the grace to listen to what people are telling you. No one is having a "go", they are simply explaining the differences.

Do you mean "Break even" is only "Break even" when it suits your argument? but are mere words when it doesn't?

 

[Nick]

Do you mean "Break even" is only "Break even" when it suits your argument? but are mere words when it doesn't?

No, the difference and what is "new" has been explained to you.

I am not too sure what is so hard to grasp about it?

 

[ccfc92]

Yes, I think that was one of Ranson's Follys.

But wasn't it said more recently? By Fisher? I may be wrong, but I seem to recall something said along the lines of debt free.

Also, surely we should have been "debt free" after administration?

 

[Sky Blue Kid]

Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.

 

[torchomatic]

Do you mean "Break even" is only "Break even" when it suits your argument? but are mere words when it doesn't?

There is no argument as no one is arguing with you, just pointing out the difference between then and now. You know what the point is, but to save face you wont acknowledge it, which is fair enough. It's not rocket science.

 

[torchomatic]

But wasn't it said more recently? By Fisher? I may be wrong, but I seem to recall something said along the lines of debt free.

Also, surely we should have been "debt free" after administration?

I don't know to be honest, you may be correct. I only remember it coming from Ranson.

 

[martcov]

Ranson was just a skilled liar - fisher a poor one. You do know about his prozone loans to the club and the whacking interest rates do you?

What happened to ProZone and the loans at the end of RRs reign?

 

[ccfc92]

I don't know to be honest, you may be correct. I only remember it coming from Ranson.

May be a question for OSB.

 

[Sky Blue Kid]

How is it rubbish?

You are talking about the figure of attendance needed for the club to not lose money but losses covered.

Now it's in reference to the whole club being self sustained.

That's what has changed which is what he meant and where "new" has come into it.

No I'm not! I'm talking "Break even" nothing to do with "Losses Covered"

 

[Sky Blue Kid]

But wasn't it said more recently? By Fisher? I may be wrong, but I seem to recall something said along the lines of debt free.

Also, surely we should have been "debt free" after administration?

Ray Ranson Said....Quote[ Coventry City FC is one of only 3-4 Football Clubs in Britain, that are "Debt Free"]Unquote
Yes you're right. Fisher said that we are "Debt Free"

 

[ccfc92]

Ray Ranson Said....Quote[ Coventry City FC is one of only 3-4 Football Clubs in Britain, that are "Debt Free"]Unquote
Yes you're right. Fisher said that we are "Debt Free"

Any idea when he said it?

 

[dongonzalos]

Why does administration mean new owners? Like Otium are new owners you mean?

No not like that one. So no that's not what I mean. I mean what I said.

 

[Sky Blue Kid]

on 6th march 2015.....
It has also been revealed the club had £61m of loans wiped off in order to satisfy Football League rules after part of it entered administration.

'Long term success'
Sky Blues chairman Tim Fisher said that the loans were converted into shares when the club, previously owned by Sisu, was sold to the Otium Entertainment Group as a result of league rules which do not allow debt to be carried over.

 

[Nick]

No I'm not! I'm talking "Break even" nothing to do with "Losses Covered"

The difference is that then break even didn't matter too much as the losses were covered, now they aren't.

That's why when it's said what is new or what is different it is what has been explained to you.

Every club will have a break even figure.

 

[shmmeee]

Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.

Listen Theresa, having a break even figure and refusing to fund beyond that figure are two different things. Hence the phrase "over budget" existing.

 

[zuni]

so as a side note did that media fella ever get back to anyone ref investment whispers?

 

[covboy1987]

They won't get the money and that's why we know they will not build a new stadium, so it's time to just stop the pretence and say there IS no new stadium. This is why we try to piggy back ourselves on stuff like the Butts development.

They dare not say that though. It's all smoke and mirrors and they have to keep up the pretence.

For the life of me I don't know why we keep talking of new stadiums on here. Never going to happen while Sisu are in charge.

They have been looking for investors for years now. No-one is interested.

The only way we will have a new stadium is under new ownership.

 

[ccfc92]

on 6th march 2015.....
It has also been revealed the club had £61m of loans wiped off in order to satisfy Football League rules after part of it entered administration.

'Long term success'
Sky Blues chairman Tim Fisher said that the loans were converted into shares when the club, previously owned by Sisu, was sold to the Otium Entertainment Group as a result of league rules which do not allow debt to be carried over.

Any idea on our current debt as of today? I thought it was reported at some high figure, bearing in mind nearly 2 years ago we were "debt free".

 

[Sky Blue Kid]

Listen Theresa, having a break even figure and refusing to fund beyond that figure are two different things. Hence the phrase "over budget" existing.

Listen Nicola Numbnuts, the words "Break even" were quoted by Ranson, and the words "Break even" that were quoted by SISU mean exactly that! "Break even" is that too hard to comprehend Nicola Numbnuts?

 

[Nick]

Listen Nicola Numbnuts, the words "Break even" were quoted by Ranson, and the words "Break even" that were quoted by SISU mean exactly that! "Break even" is that too hard to comprehend Nicola Numbnuts?