would you rather? (1 Viewer)

[Monkeyface]

Just to be sure, everybody understands that both scenarios are in fact hypothetical?

 

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[ashbyjan]

And in the short term neither is likely - in my view (not Trusts) court case will drag on and on for several weeks with the lawyers getting rich and the fans being messed around even more and without Clarke I fear we lack the fire power to reach playoffs let alone win them.

 

[Spencer]

I understand them for thinking the worst if we go in to admin. It is a major step to take the club to this point. The alternative doesn't bear thinking about.
Oblivion/liquidation whatever.

Administration is, potentially, a very real step towards liquidation.

 

[torchomatic]

At all costs? Extinction?

Got be be admin at all cost. A promotion push under sisu will cost nothing this time round but if we fail then we have just prolonged the agony. I am optimistic there is a purchaser out ther and that they want to work with ACL and Higgs to bring the two businesses together. I also think that any new club will have fans as shareholders.

 

[Sick Boy]

We sacked our manager after three games and lost 5 on the trot.
We started this season with the ten point deduction in my opinion

He should have been sacked much sooner, the continuation of Thorn's employment as manager after October 2011 was a dreadful decision by SISU.

 

[Flying Fokker]

Just read my other posts on this thread. Explanation is there.

 

[ashbyjan]

Administration is, potentially, a very real step towards liquidation.

Key phrase is potentially - for the vast majority of football clubs they come out of administration as new healthier businesses - when was the last major football club liquidated in this country? Portsmouth, who are much bigger basket case than Cov, appear to be coming out of admin with new ownership headed by their Trust so whilst liquidation is a possibility for a club of our size is highly unlikely. In fact being in admin actually protects us by giving us time to restructure properly, find new buyers and prevents any owner doing it voluntarily.

 

[Skyblueweeman]

I believe if we have new owners we have better chance of promotion & staying up.
Would love to see us in play-off's or automatic promotion place, but feel with sisu we will have no funding for next year & almost certainly be relegated,
So new owners for me & then fund for promotion & staying up from there

A couple of questions George...

1. Who would our new owners be?
2. "Sisu will have no funding for next year...". Who has funded us for the past 5 or 6 years?

Before you say the non-payment of rent isn't funding, the players, the admin staff, the management, the £10k per match, match day costs have all be funded by our current owners.

If you can answer the first question correctly, you'll know more than everyone else on here mate.

WM

 

[Colonel Mustard]

The split opinion on this issue just shows up our collective uncertainty.

 

[Samo]

I'd take the 10 points this seasom AND the 15 points next to get rid of the cancer at the heart of our club. Without admin nothing changes, it's a downward spiral, death by a thousand cuts. I prey for admin and then I hope for the best. Nothing can be worse than this!

 

[covmark]

Key phrase is potentially - for the vast majority of football clubs they come out of administration as new healthier businesses - when was the last major football club liquidated in this country? Portsmouth, who are much bigger basket case than Cov, appear to be coming out of admin with new ownership headed by their Trust so whilst liquidation is a possibility for a club of our size is highly unlikely. In fact being in admin actually protects us by giving us time to restructure properly, find new buyers and prevents any owner doing it voluntarily.

Pompey will only come out of admin if the supporters group can acquire the stadium for £3m a damn sight cheaper than we would have to pay for the Ricoh, and if they are not out of admin by the end of the season they will be thrown out of the league, still a long way from being a done deal

 

[Spencer]

A couple of questions George...

1. Who would our new owners be?
2. "Sisu will have no funding for next year...". Who has funded us for the past 5 or 6 years?

Before you say the non-payment of rent isn't funding, the players, the admin staff, the management, the £10k per match, match day costs have all be funded by our current owners.

If you can answer the first question correctly, you'll know more than everyone else on here mate.

WM

All excellent questions that, sadly, we don't know the answers to. Without the answers administration is, for us as supporters, a game of Russian roulette.

 

[Flying Fokker]

Liquidation? Hang on....SISU threatened liquidation.

 

[Flying Fokker]

All excellent questions that, sadly, we don't know the answers to. Without the answers administration is, for us as supporters, a game of Russian roulette.

How many bullets?

 

[Spencer]

Liquidation? Hang on....SISU threatened liquidation.

I guess that was merely bluster.

Why would they liquidate? If their is a buyer waiting in the wings they could sell and recoup some money. If they liquidate what would they get?

 

[Skyblueweeman]

Key phrase is potentially - for the vast majority of football clubs they come out of administration as new healthier businesses - when was the last major football club liquidated in this country? Portsmouth, who are much bigger basket case than Cov, appear to be coming out of admin with new ownership headed by their Trust so whilst liquidation is a possibility for a club of our size is highly unlikely. In fact being in admin actually protects us by giving us time to restructure properly, find new buyers and prevents any owner doing it voluntarily.

Nice sentiment Jan but I would never want us to go down the road of Portsmouth. The irony is that I work in Portsmouth so have to go down the A27 road to Portsmouth in the morning! I digress.....they're a glorified example of our club however their stadium ownership is more clear cut. One owner, private chap and he holds the cards. They're in a right mess (seriously, our situation isn't that bad and I've seen it first hand). Our situation won't change regardless of who owns us. The rent is still too high for a club that is trying to address year upon year of financial mismanagement so whether it's SISU or Jesus running the club, the same situation will still face the clubs owners.

Are ACL/CCC unwilling to move further to enable the club to run soundly, or is it because of the people trying to bring the figures down. That's the real question in all of this.

WM

 

[sky blue john]

A couple of questions George...

1. Who would our new owners be?
2. "Sisu will have no funding for next year...". Who has funded us for the past 5 or 6 years?

Before you say the non-payment of rent isn't funding, the players, the admin staff, the management, the £10k per match, match day costs have all be funded by our current owners.

If you can answer the first question correctly, you'll know more than everyone else on here mate.

WM

1) We obviously don't know but i wouldn't be surprised that acl have had discussions to engineer new owners.

2) The fans , tv money and player sales have funded the club for the last five years

 

[Flying Fokker]

I guess that was merely bluster.

Why would they liquidate? If their is a buyer waiting in the wings they could sell and recoup some money. If they liquidate what would they get?

The problem with the bluster hypothesis is that it worked well didn't it? If ACL needed to hear anything it was not the threat of liquidation. Backfired on SISU somewhat.

 

[Spencer]

Nice sentiment Jan but I would never want us to go down the road of Portsmouth. The irony is that I work in Portsmouth so have to go down the A27 road to Portsmouth in the morning! I digress.....they're a glorified example of our club however their stadium ownership is more clear cut. One owner, private chap and he holds the cards. They're in a right mess (seriously, our situation isn't that bad and I've seen it first hand). Our situation won't change regardless of who owns us. The rent is still too high for a club that is trying to address year upon year of financial mismanagement so whether it's SISU or Jesus running the club, the same situation will still face the clubs owners.

Are ACL/CCC unwilling to move further to enable the club to run soundly, or is it because of the people trying to bring the figures down. That's the real question in all of this.

WM

As someone who has had business negotiations with the council I, personally, pity SISU. Trying to get the council to agree to anything is like trying to nail a jelly to a dart board.

 

[Skyblueweeman]

I'd take the 10 points this seasom AND the 15 points next to get rid of the cancer at the heart of our club. Without admin nothing changes, it's a downward spiral, death by a thousand cuts. I prey for admin and then I hope for the best. Nothing can be worse than this!

And without changes in the outgoings of the club, the same issues will still be here for the new owners. The 'cancer' of this club as you put it has been keeping us afloat for the past 5 or 6 years. Regardless of how much some will hate to hear that, that's a fact.

Another fact is that our club needs to be financially sound and the current owners are questionning the figures they're paying at the moment as part of this process. I personally think that not paying rent for over a year is a shambles, it really is. But if SISU were to leave tomorrow and miracuously, some knight in shining armour rode into town to save us, THE RENT IS STILL TOO HIGH AND WE SHOULD HAVE ACCESS TO OTHER REVENUES TO RUN A SUPPORT A SUCCESSFUL TEAM ON THE PITCH!!!

Nothing changes with SISU gone....we still need to run more efficiently and from what I can see, ACL and CCC sit it differently, thus draining the club of life.

WM

 

[Flying Fokker]

Nice sentiment Jan but I would never want us to go down the road of Portsmouth. The irony is that I work in Portsmouth so have to go down the A27 road to Portsmouth in the morning! I digress.....they're a glorified example of our club however their stadium ownership is more clear cut. One owner, private chap and he holds the cards. They're in a right mess (seriously, our situation isn't that bad and I've seen it first hand). Our situation won't change regardless of who owns us. The rent is still too high for a club that is trying to address year upon year of financial mismanagement so whether it's SISU or Jesus running the club, the same situation will still face the clubs owners.

Are ACL/CCC unwilling to move further to enable the club to run soundly, or is it because of the people trying to bring the figures down. That's the real question in all of this.

WM

We are here because the two couldn't work together. Fans are poles apart as regards whose fault it actually is. I say SISU, some say ACL.

 

[johnwillomagic]

Avoid Admin & keep Sisu for chance of promotion this year.......simples not surprised to see vote beginning to swing back this way just surprised it around 50-50 at the mo!

 

[CCFC_GT]

I have not voted but here are my thoughts.
I have said time and time again the only way ccfc has a future is to be united with the stadium.
With Sisu at the helm this will never happen and happy to claim this as fact !!!!
Jan has stated that there are interested parties which i am not surprised.

I haven't voted either. Understandably the poll questions have to be fairly simplistic, but this is complex situation and to vote either way carries lots of assumptions.

Not sure we can even get to the end of the season and a chance of promotion if SISU are serious about liquidating the club, and I for one am surprised there are other interested parties - lets hope they are not put off once they get into detailed financial negotiations with CCC/ACL and that there is sufficient revenue and profit available from the deal to sustain and grow CCFC whilst providing a return to the new owners (if SISU can be persuaded/forced to sell).

 

[rob9872]

At least pompey had their cup final in recent years. I think I would like a promoton even if it meant relegatin to follow and a longer route back. We are so starved of success for do long I want my day st wembley to feel proud and united with my team and 50000 screaming sky blue fans supporting their current heroe. Who knows what that may generate in tens of audience and potential ownership.

 

[rob9872]

Stupid phone and big fat fingers!

 

[Skyblueweeman]

1) We obviously don't know but i wouldn't be surprised that acl have had discussions to engineer new owners.

2) The fans , tv money and player sales have funded the club for the last five years

No 2 - That's a nice sentiment, but if you think that clubs can be self-sustaining by functionning merely on ticket/shirt sales, TV money and player sales then I'm afraid you're probably very wide of the mark. There's more costs than you our I are aware of and every club needs some owner input of finances. It's debatable as to how much, but SISU will have part funded the clubs outgoings since they've been here.

WM

 

[Flying Fokker]

At least pompey had their cup final in recent years. I think I would like a promoton even if it meant relegatin to follow and a longer route back. We are so starved of success for do long I want my day st wembley to feel proud and united with my team and 50000 screaming sky blue fans supporting their current heroe. Who knows what that may generate in tens of audience and potential ownership.

Look what it did to their club. Winning is not everything. They had loads of people who followed them when money was being frittered away. They soon disappeared when the clube went in to admin the first time because of financial mismanagement and overspend. Second time round and the fans are on their uppers trying to save the club. Their scenario is totally different from ours and their cup final win came at a high price for the club.

Apologies for the Arsene Wenger bit!

 

[Skyblueweeman]

As someone who has had business negotiations with the council I, personally, pity SISU. Trying to get the council to agree to anything is like trying to nail a jelly to a dart board.

I've not dealt with CCC but have dealt with some local councils and some county councils and two city councils and I definitely concur!

WM

 

[Flying Fokker]

The Private sector isn't exactly all singing and dancing is it? Dealing with Public Sector must be a pain. Red tape, accountability, committees, meetings, etc.

 

[Jack Griffin]

Pompey will only come out of admin if the supporters group can acquire the stadium for £3m a damn sight cheaper than we would have to pay for the Ricoh, and if they are not out of admin by the end of the season they will be thrown out of the league, still a long way from being a done deal

Fratton Park is a football stadium in the English city-port of Portsmouth. It has been the home of professional club Portsmouth F.C. since its construction in 1898.

It is not the most modern of stadiums, seems like a reasonable price given that they have to raise enough money to redevelop the ground. As someone said earlier, the comparison is meaningless.

 

[rob9872]

Look what it did to their club. Winning is not everything. They had loads of people who followed them when money was being frittered away. They soon disappeared when the clube went in to admin the first time because of financial mismanagement and overspend. Second time round and the fans are on their uppers trying to save the club. Their scenario is totally different from ours and their cup final win came at a high price for the club.

Apologies for the Arsene Wenger bit!

They still have their good days to help tyem through the darkest days though ... I just want some good times. I was 14 in 87, I'm sure I enjoyed it at the time but its a distant memory now and many of our fans are not even fortunate enough to have that.

 

[SkyBlue_Bear83]

They still have their good days to help tyem through the darkest days though ... I just want some good times. I was 14 in 87, I'm sure I enjoyed it at the time but its a distant memory now and many of our fans are not even fortunate enough to have that.

:wave: Supporting Coventry City since 03/04, it's been nothing but a downward spiral since.

 

[Flying Fokker]

They still have their good days to help tyem through the darkest days though ... I just want some good times. I was 14 in 87, I'm sure I enjoyed it at the time but its a distant memory now and many of our fans are not even fortunate enough to have that.

Thier fans have had a good 20 years. Promotions, playoffs, edging the play offs, cup finals and of course relegations.

We have had 2 or three good seasons in the past 40 years. 2 relegations.


I agree, they have been lucky to see their team have 15 to 20 good seasons in the past 40.

 

[Samo]

And without changes in the outgoings of the club, the same issues will still be here for the new owners. The 'cancer' of this club as you put it has been keeping us afloat for the past 5 or 6 years. Regardless of how much some will hate to hear that, that's a fact.

Another fact is that our club needs to be financially sound and the current owners are questionning the figures they're paying at the moment as part of this process. I personally think that not paying rent for over a year is a shambles, it really is. But if SISU were to leave tomorrow and miracuously, some knight in shining armour rode into town to save us, THE RENT IS STILL TOO HIGH AND WE SHOULD HAVE ACCESS TO OTHER REVENUES TO RUN A SUPPORT A SUCCESSFUL TEAM ON THE PITCH!!!

Nothing changes with SISU gone....we still need to run more efficiently and from what I can see, ACL and CCC sit it differently, thus draining the club of life.

WM

The question about the last 5 or 6 years is why? To what end? Yes the rent is still too high for a new owner, but that, like everything else, is negotiable TO THE RIGHT BUYER!

 

[oakey]

Anyone who thinks we would win promotion from the play offs this season is seriously deluded.
The team is weak. Defence: slow and mistake prone; the midfield is in disarray and the forwards, without Clarke and, possibly Baker in the run in, would have little chance IMO.