Problems Started Years Ago! (6 Viewers)

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letsallsingtogether

letsallsingtogether

Well-Known Member
torchomatic said:
You forgot to mention selling the home we owned for a soulless box that crippled us.
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Agree with that.
But now we have sold our training ground for a school share sorry but for me that's just as bad, just to show a positive on the balance books what can they sell next time we are in a negative?
 
ccfc92

ccfc92

Well-Known Member
letsallsingtogether said:
Agree with that.
But now we have sold our training ground for a school share sorry but for me that's just as bad, just to show a positive on the balance books what can they sell next time we are in a negative?
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I wish we could sell Fisher.

Maybe flog him to a Chinese club?
 
ccfc92

ccfc92

Well-Known Member
Grendel said:
If we hadn't got relegated it would have been a viable project.

He had a buy back clause in the contract for the eventuality of relegation. You can say it all you like but he didn't sell the clause and he was removed as the remaining board members and the council wanted the project to happen.
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It's a shame we didn't wait until the 00's Premiership financial wind fall.

A couple more years in the top flight, it would have worked out. We got relegated at the perfectly worst moment.
 
Grendel

Grendel

Well-Known Member
fernandopartridge said:
Imagine how much that fat crank charged the club to install all the replacement seats at HR mid 90s

Sent from my D6603 using Tapatalk
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I didn't realise that. Bloke was a Wanker
 
Hadji's_Goatee

Hadji's_Goatee

Well-Known Member
Listen up you bunch of idiots - Richardson set up the deal for Tesco to buy the plot for the biggest supermarket in Europe at the time for £80m. The club should of been self sufficient. We didn't even need to partner with the council on the stadium front. Only on the initial deal for the gas work land. The council has screwed us big time!!
 
italiahorse

italiahorse

Well-Known Member
Hadji's_Goatee said:
Listen up you bunch of idiots - Richardson set up the deal for Tesco to buy the plot for the biggest supermarket in Europe at the time for £80m. The club should of been self sufficient. We didn't even need to partner with the council on the stadium front. Only on the initial deal for the gas work land. The council has screwed us big time!!
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We had the option to buy the land for I believe £2M but couldn't afford it.
We owed a company for decontaminating the site who found this out and bought the option.
They sold it to the council for £20M who sold half of it to Tesco for £60M and used that to build the stadium.
(Figures are from memory)

Thats a big loss for a small initial amount.
 
D

dongonzalos

Well-Known Member
RFC said:
View attachment 7157 This is where it started. The rot started way before SISU. #CoventryCity #SkyBlues #PUSB
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Sorry RFC you told us.....

there would be a new stadium, no question.
You said there was a smoking gun and that SISU would win the legal action.
You supported the move to Northampton.

Forgive me for giving your opinion a lot little less credit now that you have been proven wrong on every point.

Decisions in the past by the people running the club have been wrong. SISU admitted themselves to also making lots of mistakes in the past whilst running the club. Unfortunately in my opinion they are still making them now and continue to do so.

We currently live in a society of a blame culture, others are encouraged to blame everyone else for their decisions. Be it in the courts, politics, schools or when accidents happen.

It's about time people face up to their own decisions and stop blaming others.

New Stadium Announcement
 
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Hobo

Hobo

Well-Known Member
RFC said:
View attachment 7157 This is where it started. The rot started way before SISU. #CoventryCity #SkyBlues #PUSB
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I don't disagree, but that doesn't excuse SISU's total failure in their stewardship of the club. They have been abysmal and we have declined rapidly under them. They are responsible for an awful lot also like Championship into League 2.
 
ccfc92

ccfc92

Well-Known Member
Xmas 2014 he said "positive news was on the way"

giphy.gif
 
Astute

Astute

Well-Known Member
Hadji's_Goatee said:
Listen up you bunch of idiots - Richardson set up the deal for Tesco to buy the plot for the biggest supermarket in Europe at the time for £80m. The club should of been self sufficient. We didn't even need to partner with the council on the stadium front. Only on the initial deal for the gas work land. The council has screwed us big time!!
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Is that right?

Sounds like you have been listening to Richardson. It was only last year that he said he had bought the land and sold part of it to Tesco's. Now we all know as a fact that the land wasn't bought by anyone with anything to do with CCFC. But you believe anything else he has said?

How about the countless mysterious payments made from our club when Richardson was in charge? Or that he was the best paid chairman in the year before they kicked him off the board. He paid himself £568,000 IIRC. This was made up of mainly as a payment for selling land for retail on the site of the Ricoh. But he didn't sell anything as he had nothing to sell. It wasn't his or our land. He then sold HR and agreed to rent it back at 1.2m a year.

So with all of the dodgy looking deals and wages we couldn't afford we were left without a pot to piss in. We then got relegated from the Prem. Our income nosedived. Because of our extremely high debt we couldn't raise any more money for anything. Even after the Tesco money we needed another 60m for the Ricoh build. That is why CCC got involved. And we all know how that ended.

For those who are too young and those who can't remember or somehow didn't know what occurred try a bit of reading. The Internet is full of information of the Richardson days. Just don't listen to people like Grendel who just wants to blame CCC for everything so he makes Richardson sound innocent so he can shift the blame on CCC. There is just one person who put our future into doubt with an astronomical debt and being homeless. Without him there would have been no involvement of CCC in the build of the Ricoh. And there would have been no SISU thinking that they could use emotional blackmail and then the courts to get the Ricoh cheaply.
 
Astute

Astute

Well-Known Member
italiahorse said:
We had the option to buy the land for I believe £2M but couldn't afford it.
We owed a company for decontaminating the site who found this out and bought the option.
They sold it to the council for £20M who sold half of it to Tesco for £60M and used that to build the stadium.
(Figures are from memory)

Thats a big loss for a small initial amount.
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The decontamination of the land came to nearly 20m alone. And the land cost a lot more than 2m.
 
Sick Boy

Sick Boy

Super Moderator
rupert_bear said:
The Richardson era was disastrous and yes led to our downfall and ultimately led to sisu coming here. But I can go back further to Derrick Robins who did bankroll us in the JH days and often lauded on here but fluffed it massively letting Brian Clough slip through his fingers.
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I've read before that Clough never had any real intention of coming to cov and was using us to get a better deal at Forest.
 
ovduk78

ovduk78

Well-Known Member
Sick Boy said:
I've read before that Clough never had any real intention of coming to cov and was using us to get a better deal at Forest.
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He was manager of Derby at the time. There are a few theories over the whole episode like he wanted more money & was undervalued by Derby chairman or he couldn't work with Jimmy Hill
 
Sick Boy

Sick Boy

Super Moderator
ovduk78 said:
He was manager of Derby at the time. There are a few theories over the whole episode like he wanted more money & was undervalued by Derby chairman or he couldn't work with Jimmy Hill
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That's what I read before...thanks for the correction..bit before my time ;)
 
Sick Boy

Sick Boy

Super Moderator
Hobo said:
SISU held a gun to fans heads saying the takeover wouldn't happen unless small shareholders handed their shares over. They wanted a closed shop from day one, always worrying sign.
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It didn't help that those who questioned it were shouted down and labelled villa and Leicester fans etc.
 
torchomatic

torchomatic

Well-Known Member
Hobo said:
SISU held a gun to fans heads saying the takeover wouldn't happen unless small shareholders handed their shares over. They wanted a closed shop from day one, always worrying sign.
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True and they were eagerly helped by Mr Coventry.
 
Hobo

Hobo

Well-Known Member
RFC said:
View attachment 7157 This is where it started. The rot started way before SISU. #CoventryCity #SkyBlues #PUSB
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Jimmy Hill came back and was responsible for selling Denis Mortimer and later Gary Thompson.

Jimmy Hill as Chairman was full of good ideas but none did us any good.

No owner will please all of the fans.

We are still in exhistance and I am grateful for that. The only league I have ever been interested in since 1967 is the league we are in.
 
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