Why will they not sell up (11 Viewers)

[shepardo01]

Richard Overson WAS part of an initial consortium. He withdrew his interest before tha last offer was made. The final consortium group main players were (allegedly) WASPS, the Trust and Hoffmann

Ok!... did this group make an offer or were they just "waiting in the wings" so yo speak?... That is really interesting. Did not know Overson withdrew, or that Trust allegedly part of Consortium... thought I was fairly clued up on a few things too.
Surely this, if true, casts further doubt on the "trusts" interests of representing the fans.

 

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[HuckerbyDublinWhelan]

I'm just fantasing here folks, but if I had the backing of some 50/60m, and lets face it not a huge amount by todays values I would buy up WASP along with the stadium and then buy out SISU for around the 25m or so they seek in order to exit.
Now you have the lot including a very valuable asset on a 250 year lease, a premier division rugby club and a medium size football club with enormous potential.
So, who do we know?

That’s is the ideal solution, but unfortunately who’s got the Money to shell out on Wasps and CCFC debt

 

[ccfcway]

In the long-term it got the club out of the rip off rental agreement. Imagine being in League 2 and still having to pay that level of rent.

Imagine being in league two full stop. They bought us when we were in the championship !

 

[HuckerbyDublinWhelan]

Imagine being in league two full stop. They bought us when we were in the championship !

Yes, paying 1.3 million a year for no revenue whatsoever - we got relegated as they made the club stand on its own two feet, and couldn’t afford to invest in the playing squad.

Imagine the playing budget if we were still paying that whilst in league 2.

They’ve a lot to answer for - but breaking that noose was their only good moment

 

[Gazolba]

If you're an investor you are normally reluctant to sell when the value of your investment is down.
So my guess is they are predicting the value of CCFC will go up for some reason, and they will sell then.

 

[ccfcway]

If you're an investor you are normally reluctant to sell when the value of your investment is down.
So my guess is they are hoping the value of CCFC will go up for some reason, and they will sell then.

Most businesses don’t run on hope, they have a plan / strategy. Sisu’s will likely be via court ?

 

[Deleted member 5849]

The point is that the judge, unlike ourselves is in possession of all of the facts. He is also impartial and so looks at the evidence to form his opinion. To not give a shit about those facts is perhaps a betrayal of your own bias?

I'd have wanted SISU to win the first JR as much because it would have validated some of their actions and showed they did care, at least a little, for the club.

They didn't, and they don't. I'm ashamed that they're associated with our club.

 

[Sick Boy]

I'd have wanted SISU to win the first JR as much because it would have validated some of their actions and showed they did care, at least a little, for the club.

They didn't, and they don't. I'm ashamed that they're associated with our club.

We are better off with them than Hoffman, which says a lot.

 

[Deleted member 5849]

We are better off with them than Hoffman, which says a lot.

I'm not sure we are, but regardless if which 'side' you take, you're still deciding whether you'd rather eat dog shit or cat shit.

 

[letsallsingtogether]

We are better off with them than Hoffman, which says a lot.

Why?

 

[Magwitch]

We are better off with them than Hoffman, which says a lot.

On what basis to you come to that conclusion ?

 

[Ashdown]

I feel that SISU's focus one the value of the club is linked to the potential value of damages that they could receive IF and that is a BIG "IF' their complaint of state aid is upheld be the European commission.
As a hedge fund they've put all their energy and resources, post 2009, into litigation.

Yup 10 long years of misery and uncertainty and not knowing quite what comes next.

 

[shy_tall_knight]

Imagine if we had been taken over by a hedge fund that didn't have Ken Diddlydoo Igne or that Canadian who suggested we have texts to sub players. Imagine if we had a hedge fund that didn't pride itself on "battering people in court" Imagine if we we had owners who communicated properly with the fans. We can go on about the Council Higgs Trust WASPs etc.. but had SISU behaved more appropriately I doubt we would be playing outside of Coventry for the second time.

 

[Nick]

Imagine if we had been taken over by a hedge fund that didn't have Ken Diddlydoo Igne or that Canadian who suggested we have texts to sub players. Imagine if we had a hedge fund that didn't pride itself on "battering people in court" Imagine if we we had owners who communicated properly with the fans. We can go on about the Council Higgs Trust WASPs etc.. but had SISU behaved more appropriately I doubt we would be playing outside of Coventry for the second time.

If the council and others had behaved more appropriately we wouldn't have ever heard of SISU...

 

[Ashdown]

If the council and others had behaved more appropriately we wouldn't have ever heard of SISU...

The other protagonists reacted to being threatened. SISU should have sorted out the rent deal and share of other revenue streams as they took over not several years later.

 

[SIR ERNIE]

I'm just fantasing here folks, but if I had the backing of some 50/60m, and lets face it not a huge amount by todays values I would buy up WASP along with the stadium and then buy out SISU for around the 25m or so they seek in order to exit.
Now you have the lot including a very valuable asset on a 250 year lease, a premier division rugby club and a medium size football club with enormous potential.
So, who do we know?

Totally agree £60m is peanuts for that total package.
30,000 shares at £2k each would do it. Great investment.
I'll take 10 please.

 

[Sick Boy]

Why?

The Dales Evans thing for starters and I’d be highly concerned about the deal that they’d strike with Wasps and the glass ceiling imposed over us. The fact some still don’t understand that London Wasps see us as direct competition is mind boggling.

 

[Nick]

The other protagonists reacted to being threatened. SISU should have sorted out the rent deal and share of other revenue streams as they took over not several years later.

Is this another one of those things that you missed? Funny that, there's a pattern emerging.

 

[Ashdown]

Is this another one of those things that you missed? Funny that, there's a pattern emerging.

So are you saying right from the start the council wouldn't budge ?!....... If so why did they proceed then !?

 

[Ashdown]

A

The Dales Evans thing for starters and I’d be highly concerned about the deal that they’d strike with Wasps and the glass ceiling imposed over us. The fact some still don’t understand that London Wasps see us as direct competition is mind boggling.

Almost all clubs have a glass ceiling over them to a certain extent.

 

[Nick]

So are you saying right from the start the council wouldn't budge ?!....... If so why did they proceed then !?

I was just trying to figure out what you seemed to know about it considering you completely missed my point.

Thanks for confirming and proving my point.

 

[Deleted member 5849]

So are you saying right from the start the council wouldn't budge ?!....... If so why did they proceed then !?

Why did they proceed? High risk aim for top flight in order to get high return - they never cared about the infrastructure of the club, that was an irrelevance. Yes, they should have sorted it at the start, no they weren't bothered in doing so, no there was no flexibility on the Ricoh deal from ACL.

The concern was always going to be what happened if that initial punt failed. Guess we now know... I spent ages being ridiculed for warning of the CCFC apocalypse if it went wrong, but my worst case was quite mild really!

 

[Ashdown]

I was just trying to figure out what you seemed to know about it considering you completely missed my point.

Thanks for confirming and proving my point.

So as usual a criticism of SISU brings derision and attempts at ridicule, you are so predictable.

 

[Nick]

So as usual a criticism of SISU brings derision and attempts at ridicule, you are so predictable.

No, the derision is when the shouty people who go to games a handful of times a season at most don't really know what they are on about. Then when it gets pointed out they try to play the "SISU Lover" nonsense. That's the predictable bit.

 

[Liquid Gold]

Lovely going over the same arguments again isn’t it.

For what it’s worth

• Sisu are awful and we should want someone better.
• Wanting someone who will do more than bending over to Wasps’ demands isn’t supporting sisu.
• There is plenty of blame to share around, aiming your wrath at the council and Wasps too isn’t exonerating sisu.

 

[Ashdown]

No, the derision is when the shouty people who go to games a handful of times a season at most don't really know what they are on about. Then when it gets pointed out they try to play the "SISU Lover" nonsense. That's the predictable bit.

20 successive season tickets for me, you achieved that yet ?

 

[Nick]

20 successive season tickets for me, you achieved that yet ?

Many games last season or the one before or the one before that?

Maybe you can try to achieve knowing the basics first, baby steps before the young whipper snappers have to start filling in the gaps for you?

 

[Ashdown]

Many games last season or the one before or the one before that?

Maybe you can try to achieve knowing the basics first, baby steps before the young whipper snappers have to start filling in the gaps for you?

Nah I didn't think so.

 

[Nick]

Nah I didn't think so.

It's OK because it will be 20 years by the time it builds up from being able to Sorry I am not giving it the "I have supported since 1956 but I know fuck all" line.

Go back to my post about them playing their part in SISU being here in the first place and try to figure it out and you might get there.

 

[Sick Boy]

Almost all clubs have a glass ceiling over them to a certain extent.

Laughable.

Entering into a partnership stacked in their favour is also collaborating and working with a franchise club, effectively sticking two fingers up to the city’s actual rugby club too.

 

[shy_tall_knight]

Where SISU have been such poor owners is their PR especially in the early years but more recently their continued bull$hit about building new stadium - nobody believes them and all know its just part of their Ricoh grand plan. WASPS PR machine (with the CET CCC support) has allowed them a free pass especially as there is such a fractured sky blue fan base which SISU (amongst others) - has had a lot to do with.

 

[Nick]

Where SISU have been such poor owners is their PR especially in the early years but more recently their continued bull$hit about building new stadium - nobody believes them and all know its just part of their Ricoh grand plan. WASPS PR machine (with the CET CCC support) has allowed them a free pass especially as there is such a fractured sky blue fan base which SISU (amongst others) - has had a lot to do with.

Yup, one of their main downfalls has been PR and Communication from the start.

The fractured fan base is also part of the PR from other sides.

 

[Warwickhunt]

Well the Trust needs to keep getting onto the EFL to force the issue of getting reviews done and the £1 million bond needs to be enforced if they have not moved back to the City of Coventry inside the year.

 

[Nick]

Well the Trust needs to keep getting onto the EFL to force the issue of getting reviews done and the £1 million bond needs to be enforced if they have not moved back to the City of Coventry inside the year.

They probably will but only on Wasps behalf.

Much the same as they were banging on about accounts not being able to be filed and the EFL not allowing a move, it was all PR for the other sides. It's what they do.

 

[6 Generations]

Well the Trust needs to keep getting onto the EFL to force the issue of getting reviews done and the £1 million bond needs to be enforced if they have not moved back to the City of Coventry inside the year.

I would add that I feel not only should the Trust have continuous dialogue with the EFL, but that we fans also deserve to know how things are progressing quarterly in our quest to return to Coventry .

It’s our club. We have a right to know.

Why would any NDA be applicable?

It’s only a progress report either relating to our ‘new’ stadium or the most urgent issue of bringing our club back to Coventry.