Doug King Takeover (41 Viewers)

[13th_choice_seamer]

I used to think that when Sisu left there would be a huge party but with everything that's happened I think we all have "CCFC/Ricoh ownership politics fatigue" and are just happy that apparently the Sisu connection is gone.

 

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[djr8369]

Interesting choice of words in his press release:

“As outlined in my recent press conference, the Club at this moment has no debt owed to me or any other party.

“All future funding of the Club via any loans will also not be interest bearing *whilst I am the Owner.*

I wonder if he’s seen some of the conspiracy theories and negative feedback and warns to be seen to doing the “right” thing. This is all surprisingly news and I’m not sure what to make of it.

 

[Pusb1]

it all seems odd. Seppala stating in press conferences how she and Doug will work together. kept still saying 'we' and making statements. And now this. surely they'd have known about this agreement when posting all of this? what has changed?

 

[robbiekeane]

Interesting choice of words in his press release:

“As outlined in my recent press conference, the Club at this moment has no debt owed to me or any other party.

“All future funding of the Club via any loans will also not be interest bearing *whilst I am the Owner.*

You’re looking for stuff that’s not there.

 

[hill83]

it all seems odd. Seppala stating in press conferences how she and Doug will work together. kept still saying 'we' and making statements. And now this. surely they'd have known about this agreement when posting all of this? what has changed?

NEWS: Doug King completes full purchase of Coventry City, alongside company name change

Doug King has today completed the full purchase of Coventry City Football Club.

www.ccfc.co.uk

 

[TomRad85]

SISU gone and Wasps booted out of Cov. On the pitch its been very average this season but bigger picture its been fucking brilliant hasn't it.

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[Samo]

Whatever the future holds, SISU are gone, we can all drink to that cant we?

 

[skyblu3sk]

He wanted to learn how to run a football club from Joy... maybe he realised she didn't have a fucking clue and it was time to go it alone...

 

[13th_choice_seamer]

He wanted to learn how to run a football club from Joy... maybe he realised she didn't have a fucking clue and it was time to go it alone...

She got her experts Orange Ken, Brody and Onye to tell him all about it.......

 

[Skybluedownunder]

It’s amazing what we can afford now we’ve got Wagehorn of the wage bill


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[skyblu3sk]

She got her experts Orange Ken, Brody and Onye to tell him all about it.......

 

[Adge]

Delighted that them toilet pans have gone. Just as a side issue, Sisu and Robins seemed to go hand in hand-wonder if the position will be as stable with Doug?

 

[SkyblueDad]

I think Mark Robins played his real thoughts and cards diplomatically and close to his chest regards sisu and still would if asked, he might have had a quiet drink tonight though.

 

[alexccfc99]

Delighted that them toilet pans have gone. Just as a side issue, Sisu and Robins seemed to go hand in hand-wonder if the position will be as stable with Doug?

Robins stayed for the fans not for SISU - I imagine he was close to throwing in the towel many times but saw the potential in us and in the club

I dread to think we we would be if he hadn’t come back, he deserves a job for life if he wants it

 

[SkyBlueMatt]

Fantastic beginning to the weekend!! They've finally gone!

We're not going to be big spenders but now we have stability and can start a fresh chapter.

Who knows what will happen in the future but today is a good day and worth celebrating.

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[ccfc922]

Fantastic beginning to the weekend!! They've finally gone!

We're not going to be big spenders but now we have stability and can start a fresh chapter.

Who knows what will happen in the future but today is a good day and worth celebrating.

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N that's all we've ever wanted. A team to compete on the pitch, with significant gates to justify our competitiveness.

We have the chance to be the "new Brighton, Brentford etc of the modern game" but let's see where we go.

I just want a club that holds its own, rather than one than gets stripped to the bare bones that leads it down to L2.

 

[Colin Steins Smile]

It was really positive to hear that any future loans will be interest free and the club is currently free of debt, which provides MR with stability.
However, King is very careful with his words as you would expect from a smart businessman. What he didn’t refer to was potential dividend payments to investors and from MU’s experience with the Glazers that can be significant.

 

[skyblueeyesrevisited]

Who is bankrolling this?

 

[Flying Fokker]

Pinched myself, great news.

 

[Nick]

It was really positive to hear that any future loans will be interest free and the club is currently free of debt, which provides MR with stability.
However, King is very careful with his words as you would expect from a smart businessman. What he didn’t refer to was potential dividend payments to investors and from MU’s experience with the Glazers that can be significant.

Hes already said that. How true it will turn out to be.

 

[Flying Fokker]

Any finance boffins know why the purchase has been done like this, 85 then 15 percent purchased?

It’s the 85% rule

 

[Sbarcher]

It’s the 85% rule

Inflation?

 

[Flying Fokker]

So he's an Ashley stooge!!!

It was all part of the master plan over the past SISU years. Leave at the top of the cycle. They took us on a journey didn’t they. Remember the angst they caused, not the usual football banter was it? Good riddance.

 

[Flying Fokker]

The sisu legacy well mostly View attachment 28226

That is stunning. How appalling SISU.

 

[Terry_dactyl]

That is stunning. How appalling SISU.

The best bit about that stat is that we’ve actually been quite good for the last few years!

 

[13th_choice_seamer]

The best bit about that stat is that we’ve actually been quite good for the last few years!

Yeah we had a higher win rate for the most part in L1 and L2 from 2012-20 than the Prem and Champ years before that.

 

[13th_choice_seamer]

The post-SISU years begin with a win. I hope that we can get on a bit of a roll now and the feelgood factor and led to a real buildup of momentum. A long term CBS deal on decent terms would help matters, too.

 

[CDK]

The last 5years we've been good despite SISU.

 

[Sky Blue Pete]

The last 5years we've been good despite SISU.

Wonder if anyone can take credit for it

 

[Terry_dactyl]

Wonder if anyone can take credit for it

I will.
The weekly burnings of those giant Wicker men, have really paid off.

 

[Sky Blue Pete]

I will.
The weekly burnings of those giant Wicker men, have really paid off.

Thanks terry

 

[GaryPendrysEyes]

With Sisu gone it’s worth remembering the Sisu apologists on here who spent year after year defending the indefensible and attacking any fans trying to organise any opposition.
The following will always be traitors to the club and city:-
Nick
Grendel
Torchomatic
Chief Dave.

 

[Nick]

With Sisu gone it’s worth remembering the Sisu apologists on here who spent year after year defending the indefensible and attacking any fans trying to organise any opposition.
The following will always be traitors to the club and city:-
Nick
Grendel
Torchomatic
Chief Dave.

Ha ok then. Did you achieve much in the end then?

 

[Terry_dactyl]

With Sisu gone it’s worth remembering the Sisu apologists on here who spent year after year defending the indefensible and attacking any fans trying to organise any opposition.
The following will always be traitors to the club and city:-
Nick
Grendel
Torchomatic
Chief Dave.

I’ll fire up the Wickerman!

 

[hill83]

With Sisu gone it’s worth remembering the Sisu apologists on here who spent year after year defending the indefensible and attacking any fans trying to organise any opposition.
The following will always be traitors to the club and city:-
Nick
Grendel
Torchomatic
Chief Dave.

Name change to GaryPendrysWetEyes