Open Letter to Supporters (2 Viewers)

[Nick]

God help us all if we’re depending on the Facebook Forum lot suddenly becoming reasonable and measured.

Any talk of a new owner has to go. We proved last time that Sisu can’t be forced out (when IMO we had a good shout with admin and the golden share), they ain’t going anywhere unless they say otherwise and Joy doesn’t strike me as the type to give up easily.

Any solution will be reached with the current players.

Sort of the same thing as pointing out things like SISU taking all the ticket money. There's nobody really saying "actually, this is how it is...". It's all well and good on a post on here but then people say "stop defending SISU" type nonsense.

If somebody would have just said "this bloke is bullshitting, ignore him" at the start people wouldn't have got their hopes up.

Obviously, it's not saying people shouldn't ever hope and want for a new owner. Just not run around like girls at a concert if somebody says they want to takeover.

It's why the "anybody but SISU" view doesn't work as people lose all logic with desperation. Can't blame them sometimes but it just needs something to reign them in.

The local media won't, it's their business not to as it will be "look who's taking over, click here". Its their job. I kept asking the Telegraph just to point out Dale Evans was bullshitting to put people out of their misery but they had none of it.

If you are cynical about anybody that isn't sisu it just means you love sisu.

 

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[Ashdown]

OK as i do understand lets correct a few things. The Club has never been debt free. Yes SISU have used clever accounting to manufacture debt balances but some of the debt represents what people might call real debt. The FA did not restructure anything for the club. They might have approved the final administration but thats not them restructuring anything. There is no evidence in the accounts published of any administration costs paid to SISU. The loans that they created either by actual cash or accounting within the group remain outstanding. The interest has been accrued but has never been paid out (only a very small part). The club could not afford to pay the interest because it does not have the money in the bank. The only caveat to that is we do not know what has happened since 01/06/2017 it hasnt been published anywhere yet....... The budget that the whole club/company runs under is derived from the income CCFC/Otium gets from football activities, and the 2017 accounts show the football club ran at a loss before accounting for interest charges, the owners having to put money in to cover it (net around 400k)

I hate defending SISU in any sense, although i attempt to fair in my analysis and judgement, but i hate the facts being twisted and people being misled by anyone more. Happens far too often on this forum

Manufacturer debt balances.......in another world that would be fraud. Management charges etc......fucking bullshit ! It's fraud in all other terms.

 

[shmmeee]

Sort of the same thing as pointing out things like SISU taking all the ticket money. There's nobody really saying "actually, this is how it is...". It's all well and good on a post on here but then people say "stop defending SISU" type nonsense.

If somebody would have just said "this bloke is bullshitting, ignore him" at the start people wouldn't have got their hopes up.

Obviously, it's not saying people shouldn't ever hope and want for a new owner. Just not run around like girls at a concert if somebody says they want to takeover.

It's why the "anybody but SISU" view doesn't work as people lose all logic with desperation. Can't blame them sometimes but it just needs something to reign them in.

The local media won't, it's their business not to as it will be "look who's taking over, click here". Its their job. I kept asking the Telegraph just to point out Dale Evans was bullshitting to put people out of their misery but they had none of it.

If you are cynical about anybody that isn't sisu it just means you love sisu.

Fucking media has a lot to answer for with Dale Evans, fucking CWR putting him on out of nowhere. I’d add Gary Hoffman to that list as well, both for encouraging Evans and being a massive waste of space himself.

 

[Sky Blue Pete]

Think Hoffman credible but no one will pay what they want even if they would sell. We need an alternative answer .

 

[Magwitch]

I think Hoffman to be fair is the mouth piece for a group of local business putting up the money to buyout sisu. My gripe with him is he went public and the offers were always way too short, raised supporters hopes unnecessaryily

 

[Otis]

And he made himself look a bit foolish in his acceptance of Dale Evans so readily.

 

[Nick]

Good to see the Trust board members saying that views of people on this forum are the tiny minority. Yeah, it's the same bloke who boycotts but goes to Wembley. Same bloke who just rants without any fact or basis behind it.

Might want to have a word @CJ_covblaze , it's this type of dickhead that makes you interacting completely worthless.

 

[stupot07]

Good to see the Trust board members saying that views of people on this forum are the tiny minority. Yeah, it's the same bloke who boycotts but goes to Wembley. Same bloke who just rants without any fact or basis behind it.

Might want to have a word @CJ_covblaze , it's this type of dickhead that makes you interacting completely worthless.

Who's that?

Sent from my SM-G930F using Tapatalk

 

[fernandopartridge]

And he made himself look a bit foolish in his acceptance of Dale Evans so readily.

... not to mention being a board member whilst SISU made many disastrous decisions

 

[Mucca Mad Boys]

The council’s statement was pretty troubling, they genuinely seem indifferent to the fate of Coventry City and worse, doesn’t seem to acknowledge their role in this farce.

The council, politicians and owners of CCFC benefitted from the sale of Highfield Road. Which tied us to building the RICOH when we couldn’t afford it. Benefitting from an unsustainable rent deal and finally, the sale of the RICOH to Wasps. Genuine question, would the CCC even given planning permission for a new stadium in Coventry? At the height of hostilities, I’d doubt that.

The sale of the RICOH has put the long term stability of the football club at risk. Why? Precisely the position we find ourselves. The council can’t force another corporate entity to do a deal with another regardless of any ‘promises’ that ‘safeguards’ the future of Coventry City. I’m indifferent to the legal action, but, it’s pretty clear Wasps are trying to blackmail us into dropping legal action. This is fundamentally wrong, if the sale was legitimate, then the courts will show that (again). Yet the council seemingly takes the position of ‘well CCFC can end this by dropping legal action’. But then what? Coventry City is tied to a stadium it literally has no chance of ever owning. The CCC could’ve safeguarded 1/2 of the stadium for CCFC until it’s owner (SISU or whomever) proved they were ‘fit’ to buy that share.

What bothers me is that Council has hedged its bets with a hedge-fund owned London rugby club. Potentially at the expense of not just one Coventry based team, but two. Both clubs have been in the city, with its local history going back to the 19th century.

SISU won’t remain here forever, yet, when they do eventually leave, the club still has an uncertain future.

We all know SISU has been belligerent in its aims, we don’t need another voice condemning them. But, this whole farce is more than black and white, SISU ‘bad’ and CCC/ACL/Wasps ‘good’.

 

[Nick]

Who's that?

Sent from my SM-G930F using Tapatalk

He has deleted one of his tweets now, it was something along being along the lines of being glad this forum is a minority of ccfc fans.

It then goes from here where Tom asks why it is a minority, you cant see his post as he deleted it:



The jist of it is









This is from a bloke who just generally throws the usual shit out there. Trying to push SISU out chants, claims he is boycotting then brags he has got his wembley tickets, generally has no idea factually what he is pushing.

 

[Nick]

Otis, NW, see:



This is exactly why it's an endless task explaining about the club / SISU. Something needs to be put out clearly explaining what Dave Boddy said last night.

It shouldn't stop people being angry at SISU, it should however make people aware about why ccfc have no control over this.

 

[Otis]

Otis, NW, see:



This is exactly why it's an endless task explaining about the club / SISU. Something needs to be put out clearly explaining what Dave Boddy said last night.

It shouldn't stop people being angry at SISU, it should however make people aware about why ccfc have no control over this.

I get that.Sometimes though I think that it is just laziness though rather than not grasping.

Sisu own the club, so some just put club when they in fact mean owners.

I agree many don't get it at all though.

 

[Ashdown]

The council’s statement was pretty troubling, they genuinely seem indifferent to the fate of Coventry City and worse, doesn’t seem to acknowledge their role in this farce.

The council, politicians and owners of CCFC benefitted from the sale of Highfield Road. Which tied us to building the RICOH when we couldn’t afford it. Benefitting from an unsustainable rent deal and finally, the sale of the RICOH to Wasps. Genuine question, would the CCC even given planning permission for a new stadium in Coventry? At the height of hostilities, I’d doubt that.

The sale of the RICOH has put the long term stability of the football club at risk. Why? Precisely the position we find ourselves. The council can’t force another corporate entity to do a deal with another regardless of any ‘promises’ that ‘safeguards’ the future of Coventry City. I’m indifferent to the legal action, but, it’s pretty clear Wasps are trying to blackmail us into dropping legal action. This is fundamentally wrong, if the sale was legitimate, then the courts will show that (again). Yet the council seemingly takes the position of ‘well CCFC can end this by dropping legal action’. But then what? Coventry City is tied to a stadium it literally has no chance of ever owning. The CCC could’ve safeguarded 1/2 of the stadium for CCFC until it’s owner (SISU or whomever) proved they were ‘fit’ to buy that share.

What bothers me is that Council has hedged its bets with a hedge-fund owned London rugby club. Potentially at the expense of not just one Coventry based team, but two. Both clubs have been in the city, with its local history going back to the 19th century.

SISU won’t remain here forever, yet, when they do eventually leave, the club still has an uncertain future.

We all know SISU has been belligerent in its aims, we don’t need another voice condemning them. But, this whole farce is more than black and white, SISU ‘bad’ and CCC/ACL/Wasps ‘good’.

If SISU won their court case and by some amazing quirk of fate won a fortune in compensation, does anyone in their right mind think that CCFC would see any of that money ?! Do they think SISU would still try and buy the Arena........I don't, I think they'd be off at break neck speed to pastures new bleating about battering everyone in court to any future possible investors out their in the seedy world of the hedge funds. CCFC are just the political football being kicked around in the midst of all these sharks.

 

[Nick]

I get that.Sometimes though I think that it is just laziness though rather than not grasping.

Sisu own the club, so some just put club when they in fact mean owners.

I agree many don't get it at all though.

The thing is, this is what the council and wasps play on.

 

[Nick]

If SISU won their court case and by some amazing quirk of fate won a fortune in compensation, does anyone in their right mind think that CCFC would see any of that money ?! Do they think SISU would still try and buy the Arena........I don't, I think they'd be off at break neck speed to pastures new bleating about battering everyone in court to any future possible investors out their in the seedy world of the hedge funds. CCFC are just the political football being kicked around in the midst of all these sharks.

In a strange way I'd let them take all of the compensation to piss off.

 

[Warwickhunt]

The council’s statement was pretty troubling, they genuinely seem indifferent to the fate of Coventry City and worse, doesn’t seem to acknowledge their role in this farce.

The council, politicians and owners of CCFC benefitted from the sale of Highfield Road. Which tied us to building the RICOH when we couldn’t afford it. Benefitting from an unsustainable rent deal and finally, the sale of the RICOH to Wasps. Genuine question, would the CCC even given planning permission for a new stadium in Coventry? At the height of hostilities, I’d doubt that.

The sale of the RICOH has put the long term stability of the football club at risk. Why? Precisely the position we find ourselves. The council can’t force another corporate entity to do a deal with another regardless of any ‘promises’ that ‘safeguards’ the future of Coventry City. I’m indifferent to the legal action, but, it’s pretty clear Wasps are trying to blackmail us into dropping legal action. This is fundamentally wrong, if the sale was legitimate, then the courts will show that (again). Yet the council seemingly takes the position of ‘well CCFC can end this by dropping legal action’. But then what? Coventry City is tied to a stadium it literally has no chance of ever owning. The CCC could’ve safeguarded 1/2 of the stadium for CCFC until it’s owner (SISU or whomever) proved they were ‘fit’ to buy that share.

What bothers me is that Council has hedged its bets with a hedge-fund owned London rugby club. Potentially at the expense of not just one Coventry based team, but two. Both clubs have been in the city, with its local history going back to the 19th century.

SISU won’t remain here forever, yet, when they do eventually leave, the club still has an uncertain future.

We all know SISU has been belligerent in its aims, we don’t need another voice condemning them. But, this whole farce is more than black and white, SISU ‘bad’ and CCC/ACL/Wasps ‘good’.

What we dont know is if we had applied for planning permission and if the council had turned it down what would the verdict of the courts been to SISU court cases have been! But there again cannot have supposition against Bullshit can we?
If CCFC want to talk a deal then Boddy need to go to the Wasps and say "if you genuinly dont see any problems with next review then our deal is give us a 4 year deal at £120K per year and CCFC will pay your court costs you have incurred as a result of SISU's appeal!" can you imagine what the courts would think knowing that was an offer and they turned it down?

 

[Otis]

The thing is, this is what the council and wasps play on.

Yeah.

We need clearly paint the picture that Coventry City Football Club are not Sisu, although they may well be Sisu's football plaything, to play around with and kick about.

We need to portray CCFC as the victim.

 

[NorthernWisdom]

I get that.Sometimes though I think that it is just laziness though rather than not grasping.

Sisu own the club, so some just put club when they in fact mean owners.

I agree many don't get it at all though.

My point still remains, it's completely pointless for the reasons set out. The fact they are not literally the same entity is totally irrelevant.

I am not a dogfish.

 

[Otis]

My point still remains, it's completely pointless for the reasons set out. The fact they are not literally the same entity is totally irrelevant.

I am not a dogfish.

Yes, I agree. It is not worth arguing over. The club is getting all the negativity though because of the owners of the club.

 

[Nick]

My point still remains, it's completely pointless for the reasons set out. The fact they are not literally the same entity is totally irrelevant.

I am not a dogfish.

It is relevant when the Council and Wasps are telling everybody how simple it is for CCFC to get an agreement just by stopping the legal action though isn't it?

 

[chiefdave]

Good to see the Trust board members saying that views of people on this forum are the tiny minority. Yeah, it's the same bloke who boycotts but goes to Wembley. Same bloke who just rants without any fact or basis behind it.

Even if he does believe the forum, with more members than the trust who like to keep reminding everyone they are the biggest fans group, it’s not just on here. The response everywhere has been the same.

Of course there are those who just want to rant against SISU and nobody else but most can see they aren’t going to suddenly drop legal action after all this time.

 

[Nick]

Even if he does believe the forum, with more members than the trust who like to keep reminding everyone they are the biggest fans group, it’s not just on here. The response everywhere has been the same.

Of course there are those who just want to rant against SISU and nobody else but most can see they aren’t going to suddenly drop legal action after all this time.

and that is exactly why the Trust won't consider listening to other views as a whole and probably why people like CJ and Steve will listen and discuss things with people and then nothing comes of it when it gets to muppets like that who just want to rant.

 

[Otis]

The simplest analogy is I think, that we want to get rid of Sisu, but we don't want to get rid of Coventry City Football Club.

 

[NorthernWisdom]

It is relevant when the Council and Wasps are telling everybody how simple it is for CCFC to get an agreement just by stopping the legal action though isn't it?

Ultimately that's shorthand for SISU, the paymasters, dropping legal action. The literalism is pretty irrelevant and distracts from the fact that last year they were able to agree a deal and move on, so what's different this year.

Arguing the finer points is just like a SISU judicial review - it distracts from the arguments that *need* to be made!

 

[Nick]

Ultimately that's shorthand for SISU, the paymasters, dropping legal action. The literalism is pretty irrelevant and distracts from the fact that last year they were able to agree a deal and move on, so what's different this year.

Arguing the finer points is just like a SISU judicial review - it distracts from the arguments that *need* to be made!

Do you honestly thing it's just a slip of the tongue when they say how simple it is for CCFC to drop it though? It is done on purpose to take any focus away from their door.

"Why did you say that a condition is that ccfc are secure?". - "It is simple, all ccfc have to do is drop the legal action".

 

[chiefdave]

If SISU won their court case and by some amazing quirk of fate won a fortune in compensation, does anyone in their right mind think that CCFC would see any of that money ?! Do they think SISU would still try and buy the Arena........I don't.

I believe if they won there would need to be a desperate case claiming compensation. At that points the fans would have to somehow get the message across that any compensation needs to be ringfenced for CCFC not SISU.

 

[NortonSkyBlue]

The simplest analogy is I think, that we want to get rid of Sisu, but we don't want to get rid of Coventry City Football Club.

That's not an analogy, that's a fact!

 

[chiefdave]

What we dont know is if we had applied for planning permission and if the council had turned it down what would the verdict of the courts been to SISU court cases have been!

Think we can get a pretty good idea from the councils reponse to the Butts. As soon as there was a hint we might move there they set about ensuring professional football was forbidden in the lease.

 

[Nick]

As if by magic, Trust Board Member deletes all of his tweets.

 

[Sky Blue Pete]

And he made himself look a bit foolish in his acceptance of Dale Evans so readily.

True that

 

[Nick]

And he made himself look a bit foolish in his acceptance of Dale Evans so readily.

Might be cynical but my thought was that it was all about publicity. We had somebody giving step by step commentary of what was going on from his *good friends for years*. Every other week it was takeover being done by the weekend, it's an offer they can't refuse. Etc.

I can't believe he would actually think dale Evans was a millionaire based on a dodgy back story so what other reason could there be?

The photos with him meeting wasps reminds me of when a celeb goes on holiday and just so happens to be in a pose in the sea as the hidden photographer gets the snap.

 

[Otis]

That's not an analogy, that's a fact!

You try telling that to some people.

 

[Nick]

Oh it looks like somebody didn't like me saying ccfc has no control over the legal battle, working on a Saturday too.

 

[oldskyblue58]

Manufacturer debt balances.......in another world that would be fraud. Management charges etc......fucking bullshit ! It's fraud in all other terms.

All perfectly legal and is not fraud in any terms. Moving funds around group structures thereby creating losses is legal in company law, tax law, accounting regulation etc. The transactions are disclosed in the accounts and such tactics available in any group structure. Having a go at me or my post is not going to change that