SISU say they may "get out of town" next week (2 Viewers)

[torchomatic]

"They"? I think you mean "we".

Because they sold those rights for £6m. They sold their entitlement. Yet they should get it back for free?

 

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[SBT]

No it makes me realistic not idealistic or just plain stupid.

Equating SISU with CCFC suggests that you believe a club's owners always act in the best interests of the football club. Still, at least it sounds like you'll still have someone to support if CCFC goes under (I don't have that luxury).

Look, it's obvious that there needs to be negotiations, and I respect SISU's right to play hardball tactics, and even make noises about pulling the plug if they don't get their way - that's just what businesses do. What I don't appreciate are:

1. The demonisation of the council for calling in debts that are legally owed to them. SISU and their supporters need to accept that if a
rent strike was SISU's master tactic, then ACL was always going to have a legitimate counter-move. Either side would be incompetent if they didn't react the same way.

2. The embarrassing, destabilising effects of some of SISU's more madcap ideas. A new stadium in South Warwickshire? Give me strength.

3. The polarisation between some fans who seem to enjoy taking sides more than anything. Belittling fans for not standing up against the evil SISU/ACL does nothing to prove that Cov fans are uniquely apathetic compared to other clubs with stadium issues, and everything to prove that the fans who have chosen sides are getting a bit insecure about the number of people liking their posts on Sky Blues Talk.

 

[Sick Boy]

"They"? I think you mean "we".

He must be one of those hoping for the ACL F.C re-branding.

If I was part of the delusional anti-sisu I would be calling him out as a plant by ACL.

 

[Brighton Sky Blue]

It's not silly to say that SISU's future is tied to that of the club. There is nobody else out there willing to put the money in-if there were I'm sure they would be begging them to do so. If SISU go the club folds-it really is that simple.

 

[Sick Boy]

It's not silly to say that SISU's future is tied to that of the club. There is nobody else out there willing to put the money in-if there were I'm sure they would be begging them to do so. If SISU go the club folds-it really is that simple.

There is a belief by several on here that ACL are going to buy the club when it goes into administration.

 

[torchomatic]

Which is why I find the anti-SISU vehemence so baffling. If people want SISU to go then the Club needs to be attractive to other investors and at the moment it's not.

It's not silly to say that SISU's future is tied to that of the club. There is nobody else out there willing to put the money in-if there were I'm sure they would be begging them to do so. If SISU go the club folds-it really is that simple.

 

[torchomatic]

Nah, he doesn't work for ACL. He works with me! I have to be careful just in case he decides to give me a slap!

He must be one of those hoping for the ACL F.C re-branding.

If I was part of the delusional anti-sisu I would be calling him out as a plant by ACL.

 

[covcity4life]

worrying news

 

[Jack Griffin]

I may have my facts mixed up, I was referring to this
www.skybluestalk.co.uk/threads/26855-We-have-to-pay-acl-£24m-for-revenue-rights

Your own quote above, does this or does this not say the 24 million figure was proposed to Fisher for the revenue rights and was dismissed instantly. These are the same ones that we sold for 6 million?



I fail to see where I have ranted, if I have got something wrong or mixed up then I apologise

If you'd read the thread through a bit you'd have found out the headline statement on that thread was bolloux, later on Jan posted...

On behalf of the Sky Blue Trust have just spoken to a Director of ACL who has said that this figure of £24 million is completely erroneous. There have not been discussions for the total revenue rights at all and he is mystified where this number has been created from. The profits from the food and beverages on match days is being offered to the club for free, worth about £100k and if the club wishes to reflect the revenue or sales (around £1m) for salary cap reasons then that could be arranged. Also we were told that if the club wishes to negotiate on individual revenue streams such as car parking etc then ACL would be willing to do so but up till now these have not been mentioned.

Just to clear up all the nonsense that is being spouted about rent etc the highlights of the deal being offered are rent is £400 K including match day costs, then club would receive the ACL profits from match day catering, around £100k and a rate rebate of £150 k and this is how the total of £150,000 per season has been arrived at.

 

[torchomatic]

No need to be concerned. I'm sure he won't really slap me around the head.

worrying news

 

[Sub]

Which is why I find the anti-SISU vehemence so baffling. If people want SISU to go then the Club needs to be attractive to other investors and at the moment it's not.

but havnt SISU done there best to make the club less atractive by basically hacking it to bits and cutting to quickly and getting us relegated?
if we were in the championship we would be a much more attractive for other investors but the reason we are where we are is because of SISU, we could all see what was going to happen last season the way the spine of the team was sold off and not replaced, even waggot said not keeping king got us relegated and that is the reason that a bad finacial position was made even worse.
The rent is to much and a offer has been made to reduce it, should we have the revenue from the food and drink ? yes, should we get it back for free no ! we got relegated and lost so much money through relegation and the blame for that is SISU's. They are now paying the price for employing morons on the board who were there to do a hatchet job on the team and the day to day running costs, and all it has done is cost us even more :facepalm::facepalm:
SISU are to blame for making a very bad situation even worse and yes the council and ACL have not helped and are to blame for some of the mess, but atleast they have made a very good offer to reduce the rent. But SISU saying they want the food and drink for nothing after it was sold for 6 million is imho a bridge to far, if they want it they should buy the rights back.

 

[Jack Griffin]

They could've helped in a more effective way, and why, when it was obvious we couldn't afford the new stadium, we carried on with these plans?

Didn't the council want the stadium just as much as the club? They had ulterior motives I think.

What utter bollocks.

 

[torchomatic]

There was nothing to hack! All the players they sold they bought in the first place. We have no ground, we are only a name. They have brought costs down, which is what this football club needed to do. Our wage bill was 125% of revenue when we got relegated! There was unbelievable waste, with the biggest of all being the sale of our most prized asset. Highfield Road.

Sure, SISU fucked up and got us relegated, but so did a previous regime. Funny, I don't remember so much anger towards those at the time. At least SISU have admitted to their mistakes and are trying to put things right, on the footballing side at least. We've signed 20 players this season for God's sake. They've gave Robins a three-year deal and now Pressley a three and a half-year deal, which shows they are trying to at least turn things around.

but havnt SISU done there best to make the club less atractive by basically hacking it to bits and cutting to quickly and getting us relegated?
if we were in the championship we would be a much more attractive for other investors but the reason we are where we are is because of SISU, we could all see what was going to happen last season the way the spine of the team was sold off and not replaced, even waggot said not keeping king got us relegated and that is the reason that a bad finacial position was made even worse.
The rent is to much and a offer has been made to reduce it, should we have the revenue from the food and drink ? yes, should we get it back for free no ! we got relegated and lost so much money through relegation and the blame for that is SISU's. They are now paying the price for employing morons on the board who were there to do a hatchet job on the team and the day to day running costs, and all it has done is cost us even more :facepalm::facepalm:
SISU are to blame for making a very bad situation even worse and yes the council and ACL have not helped and are to blame for some of the mess, but atleast they have made a very good offer to reduce the rent. But SISU saying they want the food and drink for nothing after selling it for 6 million is imho a bridge to far, if they want it they should buy the rights back.

 

[Ashdown1]

Which is why I find the anti-SISU vehemence so baffling. If people want SISU to go then the Club needs to be attractive to other investors and at the moment it's not.

Apart from a few younger posters I suspect there are not many who just want rid of SISU without a ready replacement at all. Despite their failings and on going stand off most of us want to see compromise, fair base costs for the club are vital I agree but also a sustainable playing budget to match and realistic expectations from all concerned. I personally think that with the 'new' rent agreement and the removal of Wood and Sheffers from the wage bill and a small reduction in other playing staff the club can't be far off from breaking even next season. It will be a shame just as we are getting straight if personal and professional pride and differences between the two sides ruin all this !

 

[Sub]

Find it strange how you say there was nothing to hack they cut the squad down and brought no replacements in so relegation was nailed on, yes they brought the players and yes we needed to to reduce costs but it was how fast it was done that caused alot of the damage! are they trying to put things right ? yes without a doubt!!
But alot of this has been self inflicted and they need to be making friends with the council and ACL and not alienating themselves which is what they have done by the hard nose attitude (and yes the council and ACL are hard nosed now). You say CCFC need to be run like a business, so do ACL, So do the council and that includes paying you bills and contracts that you are signed to, the rent does not look like the big issue, they should sign the rent contract and sort the food and drink out seperatly (dont know if this can be done legally) And then hopefully we can move on because at the moment its just a shit slinging contest with the fans in the middle!!

 

[SkyBlue_Bear83]

If you'd read the thread through a bit you'd have found out the headline statement on that thread was bolloux, later on Jan posted...

But after that he made the post I quoted saying Fisher told him the 24 million figure was proposed and dismissed instantly

You can hardly blame me for getting my facts mixed when Jan changes the story every 5 mins, first it hadn't been mentioned, then Fisher told him the figure had been dismissed instantly and now the figure was less than the 6 million we sold it for. What will it be next week?

 

[SBT]

Sure, SISU fecked up and got us relegated, but so did a previous regime. Funny, I don't remember so much anger towards those at the time.

You don't?

 

[torchomatic]

Certainly not as much as this.

You don't?

 

[SBT]

Funny. I was barely a teenager at the time, but I remember the whole West Terrace holding up posters calling for Richardson and Robinson to go. Even the bloke doing the halftime penalty competition had one.

 

[Sky Blue Kid]

It seems some people have a "Selective" memory!:facepalm:

 

[oldskyblue58]

To be fair torch I think there are a lot of reasons why SISU are getting the full brunt of the reaction

there is a culmulative effect of decades of poor management for starters

Previous regimes havent been so media savvy for example..... thats a double edge sword. When TF says something public because it suits him and the next week it changes (perhaps for very good reason) then people react. The old regime kept things in house a lot more

The general feel in the city about finances of any sort creates a reaction when huge sums like £45m are discussed.

SISU have made some very public mistakes, be it old board members, or current regime. None of that is masked by very much success on the pitch over the last 5 years

It is easier to find stuff out and quicker about the Club. Things like Twitter & facebook have accelerated that. Not everything is true that is put out there but it gathers a life of its own that the club cant control........... that adds to the feel that CCFC and its owners dont know what they are doing. There are some very clever people involved on all sides but that tends to get lost in the media and social media

There was a lot of secrecy at the club under previous regimes that doesnt exist as much now -- our level of secrecy really revolves around SISU not the club.

People, especially since the banking crash, are very suspicious of money men and do not tend to cut them much slack.

I think all that partly explains the animosity to SISU ................ but there is a saying "reap what you sow" .......... well when they came in they got it horribly wrong in so many ways and it is very hard to recover from that no matter how much you spend, especially if it doesnt bring any real success to date

just my take on it

 

[shropshirecov]

Which is why I find the anti-SISU vehemence so baffling. If people want SISU to go then the Club needs to be attractive to other investors and at the moment it's not.

I doubt anyone would wanna take over a club that has rent as high as ours, with no matchday income streams. You'd have to be a lunatic.

 

[BurbageSkyBlues]

The club is unattractive on several fronts, not least the reputation of the existing owners.......with whom, any potential purchaser or investor would have to work with.

My personal take on this, and I have no inside information to back it up, is that there probably is someone able and willing to help us, to take us on, given the right circumstances. Those circumstances would exclude SIsu. However, because of that exclusion, there is little chance that they will declare their hand whilst we are in this mess, with SISu at the helm.

We will only find out , when it happens.......a bit like Butch Cassidy and the sun dance kid jumping into the river!

 

[Paxman II]

All sides are complicit in this debacle to date. The only fact that needs to be realised here is that a solution is evident but the players are all as stuborn as each other it seems.
SISU are and have been ruthless in the way they have conducted themselves but at the end of the day while that protects them they are in turn protecting the club.
The Council 'operated' stadium under this rather messy ACL/Higgs umbrella have been accommodating and patient but even they seem at times to want to punish rather than find a happy medium to all of this. Do they really want to lose Coventry City F.C. from Coventry? It really could happen.

The only solution is to help out SISU the ultimate owners of CCFC to meet their end goal which is to achieve a balancing of the books, retain the asset of the golden share and eventually move it on for a return on their investment (sadly not a full return) and then new owners installed that can take a fresh view going forward with ACL to a brighter future for the City of Coventry.

As much as that may errk the likes of the Council/ACL it may well be for the best in the long term for more reason's than one.

The lessen learnt would be never approve such an operation as a 'hedge fund' company to get into the act in the first place.
When I think back to the days when SISU/Ranson arrived and demanding everyones shares and all that promise of investment, a new begining etc it makes my blood boil quite frankly but that has to be left in the past and deal with a solution today.

 

[Grendel]

Funny. I was barely a teenager at the time, but I remember the whole West Terrace holding up posters calling for Richardson and Robinson to go. Even the bloke doing the halftime penalty competition had one.

Really what year was that then?

 

[Delboycov]

Funny. I was barely a teenager at the time, but I remember the whole West Terrace holding up posters calling for Richardson and Robinson to go. Even the bloke doing the halftime penalty competition had one.

Remember that (not when you were a teenager btw!) "Sack the board...." was sang more than The Sky Blue song...far more vociferous protests in the ground than SISU have had to put up with. Funny how people forget these things though....

 

[Grendel]

Remember that (not when you were a teenager btw!) "Sack the board...." was sang more than The Sky Blue song...far more vociferous protests in the ground than SISU have had to put up with. Funny how people forget these things though....

It happened once after a defeat against Grimsby. Two seasons prior to that Richardson actually had votes received in the player of the season award.

There was certainly no such angst aimed at fletcher Elliot and co yet the debt mountain they accumulated was far worse and that with crowds exceeding 20,000. Also there was outrage at playing Leon best when we had not paid him, not paying the revenue and not paying other local creditors.

 

[Brighton Sky Blue]

It happened once after a defeat against Grimsby. Two seasons prior to that Richardson actually had votes received in the player of the season award.

There was certainly no such angst aimed at fletcher Elliot and co yet the debt mountain they accumulated was far worse and that with crowds exceeding 20,000. Also there was outrage at playing Leon best when we had not paid him, not paying the revenue and not paying other local creditors.

Not paying the Best fee got us an embargo under Dowie if I recall-and it was the Cassidy brothers who helped stump up the cash for him, Borrowdale, or both. Operation Premiership broke our ability to compete financially in the Championship-utter debacle.

 

[Grendel]

Not paying the Best fee got us an embargo under Dowie if I recall-and it was the Cassidy brothers who helped stump up the cash for him, Borrowdale, or both. Operation Premiership broke our ability to compete financially in the Championship-utter debacle.

It was a shambles. Players like ward and Doyle earning huge wages and a squad which had well over 30 senior pros.

They agree the stupid rent arrangement which meant 22,000 full paying adults were needed every week. Yet if Elliot came back tomorrow most in here would be happy.

 

[RegTheDonk]

Really what year was that then?

Prob happened at a few games, but the time I remember was away at Peterborough in the cup. It was on 9/11.

 

[Brighton Sky Blue]

It was a shambles. Players like ward and Doyle earning huge wages and a squad which had well over 30 senior pros.

They agree the stupid rent arrangement which meant 22,000 full paying adults were needed every week. Yet if Elliot came back tomorrow most in here would be happy.

The stupid rent agreement arose because McGinnity sold our ACL stake, so he gets credit for starting that one.

 

[coundonskyblue]

It was a shambles. Players like ward and Doyle earning huge wages and a squad which had well over 30 senior pros.

They agree the stupid rent arrangement which meant 22,000 full paying adults were needed every week. Yet if Elliot came back tomorrow most in here would be happy.

When I blamed the rent agreement on the previous owners you said they had no choice and blamed the council.

 

[mrtickle]

Bet the wish they'd took Hoffmann quid now!

 

[Bluegloucester]

Not paying the Best fee got us an embargo under Dowie if I recall-and it was the Cassidy brothers who helped stump up the cash for him, Borrowdale, or both. Operation Premiership broke our ability to compete financially in the Championship-utter debacle.

The Cassidy Bros got their pound of flesh by screwing us over with the shirt sponsorship.

 

[Colonel Mustard]

It happened once after a defeat against Grimsby. Two seasons prior to that Richardson actually had votes received in the player of the season award.

The crowd also chanted "There's only one Bryan Richardson" (in a positive way!)