TheRoyalScam
Well-Known Member
....some important information from the offal: http://www.ccfc.co.uk/page/NewsDetail/0,,10269~2810208,00.html
Breaking News from CCFC.... (2 Viewers)
- Thread starter TheRoyalScam
- Start date
SkyBlueJohnso
New Member
nice stadium!!!
TheRoyalScam
Well-Known Member
And we'll be lucky to get a point off them......
skybluejelly
Well-Known Member
god its depressing ..we are now on a par with crawley and stevenage..it makes you pine for the days when we could spend 6 million on robbie keane..plus his wages on top..now we can't even afford to sign free transfers..and these teams will be playing us expecting to beat us not just trying to cause an upset like in a cup match..
That would require soul searching and frankness Astute,do they have that in them?
Brighton Sky Blue
Well-Known Member
'League One newcomers Crawley swept aside struggling Coventry on a bitterly cold December afternoon at the Ricoh Arena. The home side weren't helped when striker Shaun Jeffers was taken off with an early calf strain, and his replacement Billy Daniels was sent off for failing to provide a permission slip from his English teacher to miss a Saturday detention.'
Stoppercurtis
New Member
It would be okay if we could see a way out of this situation butttttttttttt we are where we are and we need to learn to eat humble pie!
Stopper
Stopper
Grendel
Well-Known Member
Quite. Our superiority complex amazes me. We are not a big club and far far bigger have been in this division and playing these teams.
As fervently anti-SISU as I am, I can see the only way for City to prevail amongst all this gloom is for its supporters to throw their weight behind the club. We need to get good vocal support at the Ricoh, fill the away ends of these smaller grounds and if they are going to try and rally their players against a bigger club then lets act like one.
Obviously as I've posted before Joyless and her co-conspirators need to give it the go-ahead first but when that happens its time to really back the football team in numbers and noise !!! You never know we might enjoy a season for a change.
Obviously as I've posted before Joyless and her co-conspirators need to give it the go-ahead first but when that happens its time to really back the football team in numbers and noise !!! You never know we might enjoy a season for a change.
Grendel
Well-Known Member
"What a Shameful, and utter Disgrace"
Why?:thinking about::thinking about:
That horse has bolted. Most fans I talk to refuse to go until Sisu leave the club
@richh87
Member
We ARE a big club in League 1 - massive in fact. The only thing holding us back is the situation with the ground and these idiotic owners who couldn't give a toss about football.
In comparison to the other teams in that division we have massive support and much bigger potential due to the City we represent.
We need SISU gone for our long term chances of success. The Ricoh will not be sold to them as they don't care about the team - so they need to go. If that takes admin then so be it. I'm here to support this club for life - not just in the short term.
In comparison to the other teams in that division we have massive support and much bigger potential due to the City we represent.
We need SISU gone for our long term chances of success. The Ricoh will not be sold to them as they don't care about the team - so they need to go. If that takes admin then so be it. I'm here to support this club for life - not just in the short term.
Grendel
Well-Known Member
No one wants us so no SISU no club - admin first? Liquidation second if no buyers. Please don't mention Hoffman - even you must realise that was never happening.
KD."What a Shameful, and utter Disgrace"
I@M not referring to Ashdowns post, but the fact that we have slumped so low, I was there, at the start of the Jimmy hill revolution, and have gone full circle
cloughie
Well-Known Member
Sisu would need a soul before they could search it, and frankness and sisu are unknown to each other.
dongonzalos
Well-Known Member
If that is true and is the correct process. admin 70-80% of SISU's loans written off, 10-15 point punishment.
SISU say loans are 40 million. So and I know this is all hypothetical. Someone should be able to make an offer to the Administrator for the club for between 10-15 million.
Prior to this they would need to do a deal with the council/Higgs. 10-20 million.
Feasibly They buy a club and half the Ricoh 35 million. Then spend 5 million on squad
Would they have spent the 40 million SISU did, but now have half the stadium, no rent
and have a squad that can actually compete in the league it is in.
Stick with it and push for the prem or get promotion and sell the whole package for 60 million
Be it Chinese people or whoever
Does this sound attractive?
When you look at that do you think no one will take a sniff
At the moment they wont touch SISU who want to try and get 40 million back
Unfortunately I dont think SISU will let admin happen. We will just get the points punishment and relegation via their cost cutting instead
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Grendel
Well-Known Member
If as you continually say we are a good opportunity for someone if we went to administration (a constant view of yours) why when we were on the brink before was SISU the only serious offer on the table? I say serious because there was of course one other bidder, what if he is the only bidder next time. Also the administrator will decide the best option to run the club if by some miracle two show an interest.
The club is in a very vulnerable state. Administration could tip it over the brink and it may never recover.
Grendel
Well-Known Member
No fan I talk to ever says that - did these people ever go anyway?
torchomatic
Well-Known Member
I have to agree. Not one of my mates have said that they are staying away, though some obviously are.
Admittedly, I only have one friend.
Admittedly, I only have one friend.
ashbyjan
Well-Known Member
Dongo - I think you are overestimating the costs. I am no financial wizard or anything but as I see it if the club goes into admin and as we have no assets the best SISU could expect is maybe 5p in £1 (still more than double what Portsmouth are offering) so that's £2m. Does the club really need ownership of the stadium at this moment in time? What it needs is a more realistic rent and access to some of the revenue streams - that is a renegotiation of the current contract which would be possible if the Council/Higgs Charity favoured the preferred bidder. Investment in players? Is £5m really necessary in the third division? What we need is new players but there are plenty available on frees or small transfers that could do a job and then allow us to stabilise and build slowly without accruing more debt. So what we need is a fund or scheme to buy the club and the club in admin to achieve it. If the supporters via the Trust work together exploring shares ownership etc and work with the council we could maybe do it? Worth further investigation in my opinion.
dongonzalos
Well-Known Member
Because we did not get to administration. That is the point IMO when the people come out of the woodwork. Once most of the debts are written off. Only SISU were crazy enough to bid before administration.
Ask yourself why they did that?
1nilandwe...
Well-Known Member
I can't read the Offal at work. Could somebody please summarise what the article says please?
Grendel
Well-Known Member
One more than me - I was talking to myself.
@richh87
Member
The 4 of us that go won't buy season tickets til they're gone - and we've had them 17 years now.
Admittedly we'll still go on match days - but don't trust SISU to be here by the start of the season (what with them not filing accounts). No lump sum to piss off into the sunset with from us.
ashbyjan
Well-Known Member
The talk of the club being in admin and suddenly a host of bidders suddenly appears is very dangerous and possibly unrealistic. Portsmouth (sorry to keep harping on about them but they are currently in the situation under discussion) are in admin yet the only two bids on the table are from the supporters and from an unpopular previous owner - there is not a queue of potential suitors waiting to bail them out so why would we be any different? No ground, no assets, poor squad............a real tempting proposition. The only thing of value is the 50% Higgs Charity option and it wouldn't surprise me if somehow through their web of various vehicles SISU don't snaffle that for themselves before sodding off.
oldskyblue58
CCFC Finance Director
Any transfer of the option to a third party has to be approved by the Charity. They wont approve it. it has to remain with CCFC Limited
dongonzalos
Well-Known Member
What are the remaining debts that are left on the table if you buy Portsmouth. i.e what do you actually buy
If you get CCFC for 10 million and get half the Ricoh for 15 million. (annoying thing this is all hypothetical)
What do you get at the moment if you buy Portsmouth?
ashbyjan
Well-Known Member
I believe Portsmouth own their own ground although there is a charge on it to the former owner
http://www.pompeytrust.com/index.ph...e&id=365:fratton-park-qaa&catid=1:latest-news
http://www.pompeytrust.com/index.ph...e&id=365:fratton-park-qaa&catid=1:latest-news
They did recieve an offer of seven pence in the pound down at Pompey,whether it was serious or not i don't know .
Jan its reassuring to hear you talk as you are as i had a fear that your desire for dialogue with the club could lead to a fans group being utilised to lobby the council on sisu's behalf ,Dongon ,surely as Jan says if they were in admin it would only take a minimal offe rwhereas in your estimate £10-£15m. i think Sisu would snap anyones hand off.The only way i would truelly want and trust in anyone getting their hands on the ground or halfshare would be if it was tied into the club through a fangroup which Jan mentions be that through Sisu, A N Other or Fans
Jan its reassuring to hear you talk as you are as i had a fear that your desire for dialogue with the club could lead to a fans group being utilised to lobby the council on sisu's behalf ,Dongon ,surely as Jan says if they were in admin it would only take a minimal offe rwhereas in your estimate £10-£15m. i think Sisu would snap anyones hand off.The only way i would truelly want and trust in anyone getting their hands on the ground or halfshare would be if it was tied into the club through a fangroup which Jan mentions be that through Sisu, A N Other or Fans
ashbyjan
Well-Known Member
Wingy - my desire for dialogue with the club is only on matters that involve the day to day stuff that can be discussed with the clubs employees in the commercial office, marketing, safety etc. I want SISU out of this club as quickly as possible before they completely destroy it and the last thing I want is for them to have any sort of stake in the satdium if that means they would ruin that and hang around even longer. But I believe to just sit back, do nothing and hope that either Hoffman suddenly magics some buyers up or someone else suddenly rides into town to save us from the goodness of their heart is not a realistic option. For me the Trust has to one: be ready for when (not if) SISU opt for admin or liquidation or simply just walk away and two: proactively look at the feasibility of the fans buying the club in partnership with the council/ACL/Higgs Charity.
rob9872
Well-Known Member
You're all guessers! I'm one too - so let's not pretend we have any idea what Admin will cost us or what the club will be worth.
I see NO BENEFIT in SISU selecting the admin route. It can't be clearer since they are the major creditor. If we owed the banks and the revenue (which I guess could still happen as things are moved around) there would be a different picture, but otherwise it makes no logical sense for them.
Imo what they are trying to do is to cut as many costs as possible so that the team eventually breaks even or better. When that equilibrium is achieved, whatever league we happen to be in matters to them not one iota even if its the conference or lower. The only way they can now recoup their investment is to get hold of the revenue streams for all of the other associated schhemes at the Ricoh.
They can feed whatever lines they want as PR and appoint as manay new boards as they see fit, but they are clear that without gambling in a way they are not prepared to fund, we will not reach the promised land of the EPL. Without that golden carrot to aim for their is little in it for them other than the Ricoh. However, to walk away or go down the admin route will not hold much opinion to their investors who are their only real customers. Mr ABC who lives thousands of miles away does not care about Coventry City but does care about his investment and their duty is to get the best possible return on that.
I see NO BENEFIT in SISU selecting the admin route. It can't be clearer since they are the major creditor. If we owed the banks and the revenue (which I guess could still happen as things are moved around) there would be a different picture, but otherwise it makes no logical sense for them.
Imo what they are trying to do is to cut as many costs as possible so that the team eventually breaks even or better. When that equilibrium is achieved, whatever league we happen to be in matters to them not one iota even if its the conference or lower. The only way they can now recoup their investment is to get hold of the revenue streams for all of the other associated schhemes at the Ricoh.
They can feed whatever lines they want as PR and appoint as manay new boards as they see fit, but they are clear that without gambling in a way they are not prepared to fund, we will not reach the promised land of the EPL. Without that golden carrot to aim for their is little in it for them other than the Ricoh. However, to walk away or go down the admin route will not hold much opinion to their investors who are their only real customers. Mr ABC who lives thousands of miles away does not care about Coventry City but does care about his investment and their duty is to get the best possible return on that.