Broken Hearted Sky Blue
Well-Known Member
So you do know where the Cayman Islands are.
Trust Members Meeting WIth Tim Fisher (3 Viewers)
- Thread starter ashbyjan
- Start date
chiefdave
Well-Known Member
But they didn't give any detail whatsoever after it was said they had been working on it for 2 years! I get that you can't have every little detail but they should certainly be able to present the broad strokes of how a Trust takeover would be achieved and their plan for moving the club forward.
Captain Dart
Well-Known Member
Let me throw this into the room..
don't shoot the messenger..
don't shoot the messenger..
Esoterica
Well-Known Member
And why wouldn't they?
D
Deleted member 5849
Guest
skybluetony176
Well-Known Member
I don't think that they can give any details Dave. The trust aren't in the position that the Portsmouth trust were where the club is available in any form. We're not in admin, the club hasn't been put on the market and the owners have brushed away any discussions on the subject of would they consider selling.
What I took from the meeting was that the trust have to be ready should the opportunity arise and that it is most likely to be a model not so dissimilar to the Portsmouth model which if my memory serves me correctly from the presentation that Ashley did is that there are 4 shareowner's including the trust, the trust having the biggest share (40 odd % IIRC) albeit their share being owned by trust members incorporating 4500 shares @ £1000 each. The interesting part was that each of the 4500 shares wasn't owned exclusively by individuals, alot were owned by consortiums of friends or families etc.
How the trust take this forward is the next question and hopefully the trust follow up the last meeting with something coherent about how they plan to raise money, take pledges etc.
clint van damme
Well-Known Member
wouldn't surprise me one bit, or if sisu had found some one to come in alongside them at the club. Somethings going on but it's hard to ascertain what.
Broken Hearted Sky Blue
Well-Known Member
I meant they wouldn't run the club
clint van damme
Well-Known Member
that's pretty much what I took from it.
Though I also think they have to be cautious as to what they reveal regarding their contact with other parties.
letsallsingtogether
Well-Known Member
Wouldn't suprise me ether change the name of the owner and make our sisu out flags redundant for wembley.
But we will bring them out anyway
skybluetony176
Well-Known Member
Yeah I would agree with that. They always seem to be looking for names to put on the list.
Nope! Geography and foreign travel not high on my interests
The last sentence is one I actually agree with. Perhaps they might get their members approval first too?
letsallsingtogether
Well-Known Member
Why wouldn't they?
And would the members vote against it?
Nick
Administrator
Agree, all for quizzing them on their statements but deffo at the next one.
The trust and others could do with not mentioning fan ownership or selling up to the fans. They may as well just go home then as it would be a field day.
It's a meeting on its own I think, should focus everything at Fisher while he is there.
clint van damme
Well-Known Member
to be honest, I think fishers attempts to have a go at the trust in the past have really shown him in a bad light.
The time when he started going on about their accounts at the SCG really made him sound like an arrogant arse trying to educate the proles.
The time when he started going on about their accounts at the SCG really made him sound like an arrogant arse trying to educate the proles.
Nick
Administrator
That's what I mean, you give him a sniff of something like that and there goes the hour where he should be quizzed or however long.
Captain Dart
Well-Known Member
The plot thickens.. twitter is awash with rumour and fake news
clint van damme
Well-Known Member
D
Deleted member 5849
Guest
I'll see your Fisher, Anderson and Elliott and raise you a Ranson, Dulieu and Robinson.
Nick
Administrator
CJ_covblaze
Well-Known Member
1. The SBT would not buy the club. The fans, people & businesses of Coventry and the surrounding area would. Just like Wycombe, Exeter, Bayern Munich, Wimbledon, Portsmouth, Wrexham and many others are. Swansea are another well known example but their situation has changed recently. The Trust is just a vehicle to get everyone together to make it happen.
2. Just because we have a board at the Trust doesn't mean the members of that board would all be on the club board. There has never been any suggestion otherwise so I have no idea why some jump to that conclusion. The Trust would remain as it is and we would have a separate board. This is the case at many fan owned clubs.
3. There would be elections that you, your friends, families and neighbours would all vote in to decide who would form the club board. At many fan owned clubs the Trust do have a seat or maybe two. However every club is different so it would be up for discussion.
4. It's unknown atm which model would be used. What's certain is it wouldn't be 100% Wycombe, 100% Exeter, 100% Pompey or 100% anyone else. It would be 100% Coventry City and will probably take elements from various different clubs to create the Coventry model. Again this will be decided by experts the Trust has contact with, the fans and other stakeholders.
5. It wouldn't be the Trust's club. It would be the community's.
6. If anyone has any ideas email them [email protected]
2. Just because we have a board at the Trust doesn't mean the members of that board would all be on the club board. There has never been any suggestion otherwise so I have no idea why some jump to that conclusion. The Trust would remain as it is and we would have a separate board. This is the case at many fan owned clubs.
3. There would be elections that you, your friends, families and neighbours would all vote in to decide who would form the club board. At many fan owned clubs the Trust do have a seat or maybe two. However every club is different so it would be up for discussion.
4. It's unknown atm which model would be used. What's certain is it wouldn't be 100% Wycombe, 100% Exeter, 100% Pompey or 100% anyone else. It would be 100% Coventry City and will probably take elements from various different clubs to create the Coventry model. Again this will be decided by experts the Trust has contact with, the fans and other stakeholders.
5. It wouldn't be the Trust's club. It would be the community's.
6. If anyone has any ideas email them [email protected]
letsallsingtogether
Well-Known Member
chiefdave
Well-Known Member
So what has been worked on for two years and what happens if SISU walk tomorrow?
From that post there is no plan whatsoever and it would all be starting from square one. The club would be liquidated before a bid was even put together.
Its a dangerous game to play as now you have people running around shouting about fan ownership and forcing the club into administration.
From that post there is no plan whatsoever and it would all be starting from square one. The club would be liquidated before a bid was even put together.
Its a dangerous game to play as now you have people running around shouting about fan ownership and forcing the club into administration.
letsallsingtogether
Well-Known Member
Who is forcing the Club into admin more fisher bullshit I suppose.
Only one party will put the club into admin and only one party can do something to change CCFC fortunes at the moment.
Why don't you vent your spleen on them for a change.
Nick
Administrator
Not factually true is it?
letsallsingtogether
Well-Known Member
Why?
Nick
Administrator
Because as it's been the case for a while, if CCFC aren't wanted at the Ricoh they won't play there. Simple as that.
Too much control of the "fortunes" from third parties.
chiefdave
Well-Known Member
Try reading what I actually posted. People are running round saying fans should try and force the club into admin so the trust can takeover. That all started around the Trust meeting on fan ownership.
skybluetony176
Well-Known Member
Again IIRC from the presentation that Ashley from the Portsmouth trust did they had very little time to get a bid together when the opportunity came to make a bid during administration and save their club.
I think I'm right in presuming that actually our trust is already ahead of where they were when Portsmouth went into administration and are working continually to get further ahead still. Plus as I already pointed out we're not even available for sale at this moment in time so there isn't the same sense of urgency that there was for Portsmouth.
skybluetony176
Well-Known Member
It won't be third parties that kill this club. It's about time you grasped that.
AFCCOVENTRY
Well-Known Member
Something is definitely afoot here.
We are going to do something different this summer and introduce a scouting network...
We are going to do something different this summer and introduce a scouting network...
skybluetony176
Well-Known Member
NOPM started with Sixfields actually.
Nick
Administrator
I said third parties have too much control over it didn't I?