Rumour: Hoffman and Elliot takeover negotiations (5 Viewers)
- Thread starter Evo1883
- Start date
RegTheDonk
Well-Known Member
They are so dismissive of our opinions they put an open letter on the official web site.
Liquid Gold
Well-Known Member
Judging by this site most of us are.
hill83
Well-Known Member
You're not thick mate.
Liquid Gold
Well-Known Member
Sky blue kid said I am
skybluebeduff
Well-Known Member
Mines thick.
Sorry wrong website.
Sorry wrong website.
clint van damme
Well-Known Member
his say is final, sorry mate.
Brylowes
Well-Known Member
Funny that.... So does Nick.!!
Brylowes
Well-Known Member
No shit Sherlock :emoji_mag::emoji_flashlight:
SkyblueBazza
Well-Known Member
covcity4life
Well-Known Member
New ceo will be vince macmahon. Only then woukd i back sisu to fix us
Liquid Gold
Well-Known Member
Next one could close it.
Skybluefaz
Well-Known Member
Juggy has put on twitter that a third bid is possibly being submitted. At least this seems to be a genuine attempt at acquiring the club this time.
AFCCOVENTRY
Well-Known Member
HOFFMAN is on sky blues talk on cwr shortly
"It also once again proposed a ‘debt free’ acquisition of the club – hence, it made no direct proposal to address Sky Blues’ ‘owners’ Sisu’s investors’ liabilities – the tens of millions of pounds pumped into the club in loans."
This is the bit that is interesting, are they really expecting to get that back?
The whole things seems a non starter, the two camps are worlds apart in terms of price.
This is the bit that is interesting, are they really expecting to get that back?
The whole things seems a non starter, the two camps are worlds apart in terms of price.
AFCCOVENTRY
Well-Known Member
Sisu are leaking to Les Reid. Hoffman has basically confirmed it.
They are Being unprofessional.
Assets of the club are negative
They are Being unprofessional.
Assets of the club are negative
AFCCOVENTRY
Well-Known Member
Details of offer are:
Club few assets
No home
No academy home
Ruston status unclear.
£1.2m upfront for change of ownership is generous.
50% of all player sales and ryton sale for next 5 years to Sisu.
Then money based on promotions
All adds up to £10m+ for Sisu doing nothing.
We will invest into club on a sustainable basis to get all the way to championship.
None of the investors are in for financial gain. They are supporters and what club to be successful.
Under Sisu the club has been in a downward spiral.
Subject to agreement we will have long term deal at Ricoh. Shop should be back there.Confident this will be happen.
Hoffman perplexed why they're not accepting. It's a hell of a lot more my offer than what Sisu paid.
I'm going to have a glass of wine. I'm annoyed and see what we do next. I'm angry with the way this is out in the public. I have good dialogue with Seppala.
Don't understand why offer is labelled as disarory.
I need to take stock and speak with people. I haven't spoke with the investors since bid rejected. All Sisu get is upside. We need to sort out how the negotiations are being conducted.
My letter states proof of funds will be made. Investors will be identified. But the negotiations are being conducted in open so they're not happy. I'm happy to put my name as a principal investor. Investors don't want their names leaked at this stage.
Club few assets
No home
No academy home
Ruston status unclear.
£1.2m upfront for change of ownership is generous.
50% of all player sales and ryton sale for next 5 years to Sisu.
Then money based on promotions
All adds up to £10m+ for Sisu doing nothing.
We will invest into club on a sustainable basis to get all the way to championship.
None of the investors are in for financial gain. They are supporters and what club to be successful.
Under Sisu the club has been in a downward spiral.
Subject to agreement we will have long term deal at Ricoh. Shop should be back there.Confident this will be happen.
Hoffman perplexed why they're not accepting. It's a hell of a lot more my offer than what Sisu paid.
I'm going to have a glass of wine. I'm annoyed and see what we do next. I'm angry with the way this is out in the public. I have good dialogue with Seppala.
Don't understand why offer is labelled as disarory.
I need to take stock and speak with people. I haven't spoke with the investors since bid rejected. All Sisu get is upside. We need to sort out how the negotiations are being conducted.
My letter states proof of funds will be made. Investors will be identified. But the negotiations are being conducted in open so they're not happy. I'm happy to put my name as a principal investor. Investors don't want their names leaked at this stage.
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Liquid Gold
Well-Known Member
That's actually a decent offer. Double the up front and if they reject that I'll start not attending.
SkyBlue_Bear83
Well-Known Member
Don't care about any of that
Important question, is this dead in the water or are Sisu willing negotiate, open to selling? What does Hoffman have to say on that?
lifelongcityfan
Well-Known Member
we should all refrain from buying season tickets....may force sisu's hand ,as they will have to put their hands in their pockets to fund next season or risk fuher decline... which makes the bid more attractive to them imo
letsallsingtogether
Well-Known Member
Well he couldn't have wrote, it did you see his face when we received the cup looked like some one had slapped him with a wet Fish.
Would have thought he could have raised even a smile........
chiefdave
Well-Known Member
The same Hoffman that was moaning yesterday about 'the club' making it known he had made a bid as it was supposed to be confidential?
Great_Expectations
Well-Known Member
Reasonable to be honest.
If SISU reject the next one (which by definition will be an improvement) I think we're in trouble. Their (unrealistic) returns expectation from the money they've put into the club (I.e. the loans referred to in their last statement) is going to be a stumbling block.
Earlsdon_Skyblue1
Well-Known Member
Decent offer by the looks of it.
Now trying to explain to the missus in the City Arms why I'm on SBT and not paying her any attention...
Now trying to explain to the missus in the City Arms why I'm on SBT and not paying her any attention...
SkyBlue_Bear83
Well-Known Member
Anyone?
scubasteve
Well-Known Member
Well nothing seems confidential if the club are constantly leaking all the info to les Reid and the coventry observer. What's the point of Hoffman keeping it confidential, if he knows they will leak it hours later, he may aswell be open and honest from his side.
torchomatic
Well-Known Member
They want lots of cash and they want it now. Not going to happen so I think unfortunately we are stuck with them.
skybluetony176
Well-Known Member
So Italia said it would all happen today and it seems to. He also said it would be time to choose sides. Having just heard Gary Hofmann on the radio with details of his bid it's probably a bit hard to argue with him on that score either.
Just listened to the interview and to be fair it was made clear a number of times by SL that Hoffman wasn't keen to go on and that he only agreed when news of the rejected bid was leaked to Les Reid. Sounded uncomfortable and extremely unhappy with what has go on in the last 24 hours. Thought he spoke honestly, and he is obviously under no illusions that by putting his chin out he is going to get hit (his words). Ultimately this is someone willing to take flack and throw his own money down the drain in an attempt to wrestle control of a basket-case of a club away from SISU. Can't believe he is getting stick for that.
Voice_of_Reason
Well-Known Member
They are not accepting responsibility for all the previous nine years then? Losing the Ricoh, selling Ryton, losing Higgs, relegation from the Championship? Administration? These are the reasons we want SISU OUT!
Liquid Gold
Well-Known Member
If there is a decent offer in front of them and they stay put then it will change my stance completely.
skybluetony176
Well-Known Member
Can't see them getting a better offer than that unless GH and his consortium come back a third time.