The mammoth sum Coventry City owners Sisu would need to walk away without loss (18 Viewers)
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Paxman II
Well-Known Member
My God if I ran my business this way I would have confused myself.
To my mind there was always a figure and I stated it before many times, around 30m would see them off.
Sp perhaps we should be looking at two things:
1. What do you get for 30m?
2. Who has and would consider 30m was worth a punt in a football club with potential stature greater than its current position?
3. What additional funding over and above the 30m would be needed to advance our club?
On the other hand a potential suitor might surely wait to see SISU bring in the administrators, and collect at pennies on the dollar.
The real frustration here is that we won't even hit the administration button.
To my mind there was always a figure and I stated it before many times, around 30m would see them off.
Sp perhaps we should be looking at two things:
1. What do you get for 30m?
2. Who has and would consider 30m was worth a punt in a football club with potential stature greater than its current position?
3. What additional funding over and above the 30m would be needed to advance our club?
On the other hand a potential suitor might surely wait to see SISU bring in the administrators, and collect at pennies on the dollar.
The real frustration here is that we won't even hit the administration button.
letsallsingtogether
Well-Known Member
30M!!!
Wolves were sold for 45M and they were in a higher league and in a better situation then us plus they own their ground training facilities etc.
Covkid1968#
Well-Known Member
Not to mention the bigger fanbase!!!!!....but forgetting all that..there is no fooking chance someone will pay £30m......and there is no chance of SISU selling for £30m. We're all doooooomed!!!!!!!!
Houchens Head
Fairly well known member from Malvern
Perhaps if we all chip in with 50p each, we might save the club? I'll start the ball rolling................ now, where's me cheque book?
Esoterica
Well-Known Member
We don't need tens of millions - I thought the council and Wasps were chomping at the bit to help us as soon as SISU are gone?
singers_pore
Well-Known Member
This so called expert is a clown. It's hard to believe he really is a qualified accountant. As OSB has said the true amount put in by SISU is around 30-35m. A very irresponsible article from a hopelessly incompetent newspaper.
Captain Dart
Well-Known Member
This posted on CT website comments..
What is not mentioned in this article is that Paul Carvell has close links to CCFC and Fisher.
From CCFC's website:
07 Oct 2015
"Coventry City team up with The SFB Group to network and promote businesses on matchdays at the Ricoh Arena"
"The Sky Blues have teamed up with The SFB Group, which is a firm of accountants, wealth managers, commercial insurance brokers and business advisers, to create a hub for business owners and directors to network and promote your business on matchdays at the Ricoh Arena."
"Paul Carvell, Managing Director of The SFB Group said: "We are really excited about this joint venture. As a local business, we have supported the Sky Blues for many years. The synergies between sport and business are immense, so the SFB Business Club is the perfect opportunity to bring the two together.” "
This is the article referenced. Coventry City team up with The SFB Group to network and promote businesses on matchdays at the Ricoh Arena
Though to be fair it isn't exactly a massive conflict of interests, but it is an undisclosed connection.
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Paxman II
Well-Known Member
I'm aware! I simply stated that 30m would see them off. That's about the sum total of their investment so would assume they would surely listen to that?
However they may cut loose at far less, who knows? I'm not saying we are worth anywhere near it.
To some with ambition they might consider it worth it, given we do have much greater potential as a large city one only club.
This was not a comparative issue with Wolves or anyone else.
The question was what would you get for your 30m? And how much more would you need to improve our prospects once X bought the club?
Paxman II
Well-Known Member
Wrong on both assumptions.
If 30m is their total investment why would they not sell if you offer them that? You would be assuming they would prefer to continue their nightmare?
As for a bigger fan base at Wolves? Don''t think so. Of course its all subjective and I can understand the younger fans may see it that way.
oldskyblue58
CCFC Finance Director
I think Sisu would be seriously interested at anything over £15m, offer them £30m they would snap your hand off. I don't think Paxman is saying the club is worth £30m but simply that such a figure would recover for SISU the actual cash investment, take very little in a loss hit and give SISU no reason to stay
Trouble is every man and his dog realises the actual value of CCFC at this time is no where near £15m let alone £30m and still falling. Personally I cant see a reasonable argument for anything above £5m which would be the buying of the football assets as they stand, Ryton, and taking on the football debts. You would not simply buy the shares of Otium off ARVO and SBS&L - to do that means taking on its liabilities and preference shares
But there is damage done by todays article, at least for a while people are focussed on the headline £101m due to SISU (that doesn't really exist in terms of doing any deal for them to sell and go). They see that figure think no one will pay that, the Trust cant ever raise that and give up or give in, think what's the point. Potential investors see the headlines and walk by instead of looking closer. In addition it gives Fisher an independent accountant to hide behind and deflect questions, nicely(badly) timed just before the Trust meeting. It really has not helped in getting new owners or challenging the current ones in my opinion
Trouble is every man and his dog realises the actual value of CCFC at this time is no where near £15m let alone £30m and still falling. Personally I cant see a reasonable argument for anything above £5m which would be the buying of the football assets as they stand, Ryton, and taking on the football debts. You would not simply buy the shares of Otium off ARVO and SBS&L - to do that means taking on its liabilities and preference shares
But there is damage done by todays article, at least for a while people are focussed on the headline £101m due to SISU (that doesn't really exist in terms of doing any deal for them to sell and go). They see that figure think no one will pay that, the Trust cant ever raise that and give up or give in, think what's the point. Potential investors see the headlines and walk by instead of looking closer. In addition it gives Fisher an independent accountant to hide behind and deflect questions, nicely(badly) timed just before the Trust meeting. It really has not helped in getting new owners or challenging the current ones in my opinion
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skybluetony176
Well-Known Member
Are you going to the Trust meeting OSB? Please say yes.
Grendel
Well-Known Member
Do you want his autograph Tony?
D
Deleted member 5849
Guest
I can't see a reasonable argument for anything above £5 tbh.
And there's the problem.
skybluetony176
Well-Known Member
What I want is someone to hold TF to account if he starts quoting this nonsense as fact. I'd be pretty sure Dave Johnson would question it but the more people who understand this fully there throwing the correct questions at him to either tie him up in knots or get him to admit what the facts actually are the better I would say. Wouldn't you? OSB fits that bill.
D
Deleted member 5849
Guest
Don't think it's going to be a shouting out type event, they've asked for questions to be submitted beforehand.
skybluetony176
Well-Known Member
I'd be surprised if A) regardless of the agreed questions TF doesn't end up talking about what TF wants to talk about. And B) it doesn't end up being a shouting out event in some way.
skybluedan
Well-Known Member
Which ever way you look at it , we are fucked
vow
Well-Known Member
Repeating "3-5-2" over and over again too.
And not forgetting a little twitch in his left eye!
skybluedan
Well-Known Member
I hope it's a shooting out type event , with Tim in sight
skybluedan
Well-Known Member
He wants something
Calista
Well-Known Member
Mr Carvell, last year’s president of the Coventry and Warwickshire Chamber of Commerce, also said Sisu “almost don’t deserve the abuse they are getting” and that no-one was “milking” the club
They almost don’t deserve the abuse they are getting
...so they do deserve it then?
What annoys me about this is that it focusses on an argument that only a minority of people ever make i.e. that SISU are “milking” the club and are morally objectionable. That’s never been my take on this. As far as I’m concerned I’d be much happier if they were milking us because we’d have to be successful for that to happen. My problem with SISU, and especially with Fisher, is their shambolic incompetence as they perpetually shrink the club instead of growing it. As a result, there’s nothing to milk.
They’ve squandered every asset we ever had. I don’t get this Carvell guy’s praise for the “good management”?
They almost don’t deserve the abuse they are getting
...so they do deserve it then?What annoys me about this is that it focusses on an argument that only a minority of people ever make i.e. that SISU are “milking” the club and are morally objectionable. That’s never been my take on this. As far as I’m concerned I’d be much happier if they were milking us because we’d have to be successful for that to happen. My problem with SISU, and especially with Fisher, is their shambolic incompetence as they perpetually shrink the club instead of growing it. As a result, there’s nothing to milk.
They’ve squandered every asset we ever had. I don’t get this Carvell guy’s praise for the “good management”?
I wonder what exactly you are expecting him to say that will be so revealing?
Trouble is every man and his dog realises the actual value of CCFC at this time is no where near £15m let alone £30m and still falling. Personally I cant see a reasonable argument for anything above £5m which would be the buying of the football assets as they stand, Ryton, and taking on the football debts. You would not simply buy the shares of Otium off ARVO and SBS&L - to do that means taking on its liabilities and preference shares
Are you saying £5m + football debt = Ryton + the "Football Club"
So £1 then?
Are you saying £5m + football debt = Ryton + the "Football Club"
So £1 then?
You could always do a deal with WASPs !
Nick
Administrator
I think thats only so people who arent going can put some across I think?
RocketSkates
Well-Known Member
Shame that money has been spent and NOT invested. Big difference. In my eyes it's a testament to how shit SISU are at running a football club, that they have apparently accrued costs of over 100 million and we sit bottom of L1 with a massively unhappy fan base and a situation that only looks like getting worse, rather than top of the league with a stadium that our own and most importantly, happy fans.
Nick
Administrator
You haven't read the thread have you?
RocketSkates
Well-Known Member
Yikes, got carried away after reading the title....... facepalm
skybluetony176
Well-Known Member
TF or OSB?
I'd really like someone to ask him, why on the back of expanding turnover the player budget has been cut by roughly half a million or ,20% over the last three seasons?
Appearing to be roughly 40% of turnover.
Also would he confirm this year's budget as £2.1M as stated by MV at an SCG meeting early on in the season.
Appearing to be roughly 40% of turnover.
Also would he confirm this year's budget as £2.1M as stated by MV at an SCG meeting early on in the season.
The Bobster
Member
Mr Carver should not be allowed to spout such rubbish under the guise as being an expert