6 Generations
Well-Known Member
Yes they did, but this latest statement appears that Wasps are adamant.
SISU or Otium or whoever were aware of the implications, should they continue with their likely latest fruitless request for an appeal.
Yes they did, but this latest statement appears that Wasps are adamant.
SISU or Otium or whoever were aware of the implications, should they continue with their likely latest fruitless request for an appeal.
Nick
Administrator
They were adamant last time though?
SISU don't care of the implications. They are playing a game of poker.
Nick
Administrator
You would think so. If not, it's stupidity.
Alan Dugdales Moustache
Well-Known Member
I feel incredibly angry at those that have now consigned Coventry City to be thrown out of the football league. They have the power to continue the good work under Mark Robins by investing in the club but instead are following the usual policy of greed, bullying and contempt for everyone who might prevent them from getting what they simply are not entitled to.
We have , over the last 18 months , seen this huge sinking ship of a club begin to recover under a manager who has achieved beyond what most of us thought was possible. It hasn't been spectacular, but a slow and gradual return of self belief and optimism . All that will end rather sooner than I envisaged.
Unless Wasps want to entertain Coventry City , and why on earth should they, then this could really be the end.
I hate the owners of Coventry City .
We have , over the last 18 months , seen this huge sinking ship of a club begin to recover under a manager who has achieved beyond what most of us thought was possible. It hasn't been spectacular, but a slow and gradual return of self belief and optimism . All that will end rather sooner than I envisaged.
Unless Wasps want to entertain Coventry City , and why on earth should they, then this could really be the end.
I hate the owners of Coventry City .
Skybluefaz
Well-Known Member
Ffs, what is the point. Fuck off Sisu.
6 Generations
Well-Known Member
For once I am agreeing with your view.
And unfortunately all parties have now been dealt a losing hand.
The impact of which hits us as fans far harder than any of the other steely eyed players at the table.
And unfortunately all parties have now been dealt a losing hand.
The impact of which hits us as fans far harder than any of the other steely eyed players at the table.
Paul Anthony
Well-Known Member
We're now in a position where we have to hope that Wasps bluff has been called, and they relent and do a deal. How determined are they to stick to the "no talks with legal action going on" stance? For the sake of our club, let's hope their resolve can be bended a little.
Either way, the fans are the ones who suffer yet again. Just when things were looking up on the pitch, this foolishment rears its ugly head yet again. They're gambling with our clubs future, and they're not doing it very well.
Either way, the fans are the ones who suffer yet again. Just when things were looking up on the pitch, this foolishment rears its ugly head yet again. They're gambling with our clubs future, and they're not doing it very well.
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SkyBlueCRJ
Well-Known Member
Unfortunately there's no good that can come out of this. Even if Wasps bluff is called, the rent is probably going to be put up which will result in budgetary cuts within the clubs' respective departments - this will include the playing budget - as SISU aren't going to bridge the rent increase out of the good of their hearts so the club will inevitably suffer in the long term.
The worrying thing is, this scenario probably qualifies as the best outcome for the club as at least we'll have a home.
Covstu
Well-Known Member
Lets face it, if you were Wasps you wouldn't engage with them until right at the death. If they still need us then they do a deal but the more the hold out the higher those rent costs go.
Think we still need to step back and see what happens, first let’s see if this appeal goes ahead, then when, also let’s get a clear statement from Wasps that they won’t negotiate. The PR damage to them could be massive, they won’t want that. Wasps will have various sponsors who might not like their name linked to one sporting organisation screwing another causing it to close down, Of course sisu are as much if not more to blame for this whole debacle but we can’t get at them as we can Wasps and it is the Wasp threat threatening the existence of our football club.
ohitsaidwalker king power
Well-Known Member
The only hope that I cling to is that:
1- Wasps need a tenant to support their own financial position as read?.
2- Wasps find a way to disassociate CCFC(the football club) from the owners of (Otium etal.) ie Wasps accept what Tim Fisher trots out every time he is asked ie;"that the legal action has got nothing to do with the football club". If Wasps can do this credibly and save face we might be in business to strike a deal?
SkyBlueCRJ
Well-Known Member
From an outside perspective Wasps will be the ones to blame though hence why IMO they may back down and let us broker a deal. It's only those from an inside perspective that realise without SISU this gigantic mess wouldn't have ever happened.
Surely the amount they'll need to spend on PR to steady the backlash isn't worth the risk is it?
oldskyblue58
CCFC Finance Director
according to CWR the council have spent £619K on JR 1 and £324K on JR 2 so far
Add to that Wasps have spent £500k so far
always knew i should have been a lawyer not an accountant !
Add to that Wasps have spent £500k so far
always knew i should have been a lawyer not an accountant !
Sky Blue Harry H
Well-Known Member
Could be weird going forward. How will club generate income from next year's season ticket sales, if where we play remains unresolved? Fecking annoying to put it mildly, and makes a mockery of the role TF plays, if he can't influence those above him. Also gives a nice easy get out regarding players/MR et al if our future remains unresolved. Could SISU sell all our players, cash in whatever they can, then just disband the club? Dramatic and unlikely, I know, but like the other poker analogies have suggested, they seem to be betting everything, knowing they have a shit hand, and hoping that Wasps will fold under a wave of 'love for CCFC'. If it all goes wrong, those involved will have a lot to answer for.
M
Martw
Guest
It so weird, technically the clubs statement is spot on but ultimately the club are owned by the same people, this argument doesn't have legs with the fans
and I am surprised that they still roll these words out but not sure what else they do.. Also does anybody have an idea on how long this latest appeal might take ?
Is there a danger that it goes beyond the end of the current season?
and I am surprised that they still roll these words out but not sure what else they do.. Also does anybody have an idea on how long this latest appeal might take ?
Is there a danger that it goes beyond the end of the current season?
NorthernWisdom
Well-Known Member
You still earn far more than me, so quit your moaning
Nick
Administrator
Not sure why it doesn't have legs. It's true that the shareholders are the driving force behind it.
Other parties will try and blur and push it as CCFC pushing it so it isn't as bad if kicked out. People you would class as running the football club have no control over it.
clint van damme
Well-Known Member
same. Was confident another short term deal would be agreed but not any more. Worrying times.
SkyBlueCRJ
Well-Known Member
In the press the fact SISU were suing Wasps will be a sidenote to the real story. The real headline will be 'Rugby Club kicks ex-F.A. Cup winners out the EFL'. The national backlash they could receive would be detrimental to the Wasps. For instance, commercially what sponsor is going to want to be associated with a club who's so negatively in the media spotlight, what player is going to want to play for a club who's financial situation is precarious due to the latter and thirdly and perhaps most importantly why would their main backer continue his association with them when he's losing even more money and his own rugby club is being nationally attacked.
This isn't even including the local backlash they'd receive.
Nick
Administrator
It wouldn't get spun like that though.
Not that easy to sell players nowadays even harder forcthe right money when a potential buyer sniffs a bit of desperation. As for TF what is his roll now at ccfc ? Yes I know he’s our chairman but there not been a word from him regarding this, he’s the chairman ffs ! I’m fairly confident there will be a deal probably short term but there are a lot of very worried supporters out there. Our chairman should make a statement as to where we stand officially.
M
Martw
Guest
All true but this feels different, I suspect we will get an 11th hour deal with neither party really happy. Once the legals have gone away if they do
what options do SISU have then though? Whilst they still have the legals I guess they have hope (in their world)
Liquid Gold
Well-Known Member
Not locally because they have the Telegraph in their pocket but nationally there would be a lot of press about how we were kicked out of the football league because they refused to deal with us even though we were asking for a deal.
SkyBlueCRJ
Well-Known Member
Why wouldn't it? That's the real story out of this mess. Where's the story in 'bad owners mismanage club'. If that were the case the majority of the clubs in the FL would be in the press on a regular basis. A Rugby Club (the rival sport to football) causing an ex-Premier League and F.A. Cup winning football club to go bust due to a stadium dispute. I'd be astounded if that wasn't published in at least one of the nationals.
oldskyblue58
CCFC Finance Director
playing devils advocate for a minute...............
We get to March and the legals are on going possibly for no other reason than lack of court time. SISU confirm they will not withdraw the court action by SBS&L, ARVO & Otium. The CCFC/Otium cannot give the required notice of home ground for 2019/20 season to the EFL. There are no other options in the region acceptable to EFL and the fans of CCFC are unlikely to travel in sufficient numbers to make out of Coventry viable. CCFC teetering on the brink of extinction. Wasps at last moment offer a day rent on a game by game basis that equates to £1m per annum with no F&B access but undisclosed as to the amount due NDA. Without funds from the owners CCFC can not really afford it, players would have to be sold making the playing squad weaker and survival in the division unlikely, finances are squeezed. EFL are happy for one season at least and favour the deal. Wasps by making the offer gain positive not negative PR. Legal action continues.It can all be spun as SISU's fault. CCFC crashes and burns, crowds down, poor results, no money
What is the way out? Who is it that takes the club down? Who is it that ends CCFC? All about perception i guess
We get to March and the legals are on going possibly for no other reason than lack of court time. SISU confirm they will not withdraw the court action by SBS&L, ARVO & Otium. The CCFC/Otium cannot give the required notice of home ground for 2019/20 season to the EFL. There are no other options in the region acceptable to EFL and the fans of CCFC are unlikely to travel in sufficient numbers to make out of Coventry viable. CCFC teetering on the brink of extinction. Wasps at last moment offer a day rent on a game by game basis that equates to £1m per annum with no F&B access but undisclosed as to the amount due NDA. Without funds from the owners CCFC can not really afford it, players would have to be sold making the playing squad weaker and survival in the division unlikely, finances are squeezed. EFL are happy for one season at least and favour the deal. Wasps by making the offer gain positive not negative PR. Legal action continues.It can all be spun as SISU's fault. CCFC crashes and burns, crowds down, poor results, no money
What is the way out? Who is it that takes the club down? Who is it that ends CCFC? All about perception i guess
SkyBlueCRJ
Well-Known Member
I agree. IMO I can see another one year deal being agreed.
I don't even think Joy knows what other options SISU have, hence why she's now employing desperate tactics.
M
Martw
Guest
This is not at all far fetched - a very possible scenario - ultimately the football club will suffer for certain, panic sales easily on the agenda.
Nick
Administrator
When they came here it was spun as them goodies and us baddies. Our own fans group joined in.
chiefdave
Well-Known Member
Nothing has really changed since yesterday or the last few years. We all knew SISU would appeal. Any sane person also knows that in practical terms the likes of Dave Boddy and those running the club have no say no matter what some piece of paper filed somewhere says.
As I've said before the most pressing issue is where we play next season and to resolve that issue pressure needs to be applied to Wasps. Anyone that thinks protests against the club or SISU will have any impact is kidding themselves. We've tried that route and got nowhere.
Also needs to be pressure on the council as they made assurances regarding the future of the club when selling to Wasps.
As I've said before the most pressing issue is where we play next season and to resolve that issue pressure needs to be applied to Wasps. Anyone that thinks protests against the club or SISU will have any impact is kidding themselves. We've tried that route and got nowhere.
Also needs to be pressure on the council as they made assurances regarding the future of the club when selling to Wasps.
chiefdave
Well-Known Member
Had the same thought as soon as the EFL said they wouldn't allow the club to play out of Coventry. Wasps can ask for anything they want in terms of rent and the club has no option but to accept.
NorthernWisdom
Well-Known Member
Always been the case though, hasn't it. The problem is it's never been black and white anyway (nothing ever is, tbf).
Anyway, sonme scattered thoughts at the end of a lunch hour.
FWIW I don't believe that:
- A deal won't be agreed and, if not;
- The club won't be allowed by the league to go elsewhere, at least temporarily, if the alternative is closure.
As another aside, I wouldn't close the door completely on the Butts deal being revived at some stage, even if just as a temporary ground akin to Brighton's Withdean. Reading between the lines, it was political pressure from CCC which closed that off but, if the alternative is the club closes, I'd expect there to be *some* kind of relenting. The major concern that stops that being an option is that, for better or worse (we've done the deal to death, so let's focus on the consequences), by selling the Ricoh to Wasps, CCC *have* to buy into them succeeding. Forget SISU for a moment (yeah yeah, I know) and that potentially hampers alternative arrangements under a new, nicer, more temperate owner.
Nonetheless, an extreme event can focus minds if need be!
The only caveat I have to this is that who, really, thought it'd get as far as us actually playing at Northampton? Until we ran out for the first game, surely all of us thought in soome way, shape or form, an eleventh hour deal would have been made?
oldskyblue58
CCFC Finance Director
maybe but............ So just to illustrate ...
once it is done and couple months it wont register. Just to be clear they wont be kicking CCFC out, the agreement simply ends which gives Wasps some PR of their own to play with and can emphasise the SISU role. There will be a lot of other football clubs who will simply say good riddance
Sponsors in the rugby world or the events world will still sponsor because they know the outrage will die down and many are already locked in. In fact some might be sympathetic and like the strong approach taken.
There are plenty of football teams with precarious finances and losses that attract players, it wont affect a players decision, players tend to be quite mercenary
I doubt the backer will withdraw from Wasps because CCFC go bust
Locally so far opinion is split. It might heal if CCFC go bust but Wasps etc will still be trading CCFC wont and can influence PR etc
Whatever happens it will be a mess, both teams will be hit, but Wasps will still be around, CCFC likely not
