ashbyjan
Well-Known Member
Prefer the example of the Green Bay Packers - most successful team in Gridiron and owned by the supporters - I did used to work in Milwaukee so no Trust bias obviously
American property tycoon will move to buy Coventry if club slides into administration (15 Viewers)
Prefer the example of the Green Bay Packers - most successful team in Gridiron and owned by the supporters - I did used to work in Milwaukee so no Trust bias obviously
Well he does come from Texas!
I wonder if he will ignore the brilliant SBT that was once talking of 10k members only pledging 1k each, yet right now the average pledge (through their alleged 1200 members is 17K.
This works out to just under £12 each! (cannot even raise the price of a ticket each)!
Perhaps they will finally realise they will not be taken seriously and revert to just being a supporters' club (which is what the 1200 have joined already think it is) rather than a credible alternative - which I have said from DAY ONE it just isn't!
The savage way they tried to suppress any popping of their absolutely unrealistic plans was sisuesque in its viciousness. Seems when I said they could never get anywhere near the level of funding they would need was ultimately sage.
I just wish the local media would stop using these clowns as the go-to option for a fans' perspective, AS IT IS ONLY EVER THE VIEWS OF ONE PERSON.
RegTheDonk
Well-Known Member
The club is looking down a shotgun barrel. It would be great if the trust could find a true fan with squillions, or someone who loves his sport and would pump money in for a bit of ego boosting glory while working with the trust. But its not going to happen, its all money and returns these days. If Tex is the only offer on the table and it gives us a few years hope, rather than no hope under sisu, then we have to take it and prey for the best.
kg82
Well-Known Member
Ironic considering your continued trolling! I bet the trust are re-evaluating their stance right now after reading your post!
skyblue1523
New Member
a multi-millionarie is no good we need billionaries to get us to the promsied land get jordan and that little fella berine to buy us the home of motor cars
skyblue1523
New Member
why do you keep knocking the trust its a group of fans who want to see the best for ccfc they might not be the brightest people in the world but at least they show they care grow up and pick on something else.
skyblue1523
New Member
i did'nt know he lost his money but i bet hes got bernies no. :claping hands::claping hands:
J
Jack Griffin
Guest
As I understand it, SISU want the assets to sell on at a profit, they are not interested in building anything.
That is their normal game, they do not develop things, they buy a company in debt, strip it to the bone, drive incredibly hard deals with debtors & sell it on as a going concern at a profit. They are not and never were likely to be here long term, 8 to 10 years is the sort of time they normally own a company. Why do you think they have a close association with insolvency practitioners...insolvency is a regular part of their operations.
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Darth Robins
Well-Known Member
lmao at all the posts saying a multi-millionaire is no good, we need a billionaire! We'd be lucky if Kim-jong Un took over with the state of things at the moment, just be glad SOMEONE with money is actually interested.
mattylad
Member
They claim he has a personal fortune of £157m but how much of that is tied up in property? Its quite possible that any deal ACL wise will be like the Man Und deal where a loan is taken out. I don't mind that particulalry as long as he is able to commit to funding the playing side of the club for the next 5 -7 years.
Gosford Green
Well-Known Member
SISU had millions when they and Kenny Sansom galloped to the alleged rescue a few years ago,£50 million (they're figure) has been reportedly sunk into the club and look where we are.
Portsmouth,an example of foreign owners promising riches and then when all is not as first thought they end up in a worse state than we are,which really is saying something.
How about running the club as a trust?Or at least if it is to be a company then try balancing the books to avoid a repeat of the last 10 years.
Portsmouth,an example of foreign owners promising riches and then when all is not as first thought they end up in a worse state than we are,which really is saying something.
How about running the club as a trust?Or at least if it is to be a company then try balancing the books to avoid a repeat of the last 10 years.
Sky Blue Kid
Well-Known Member
AMERICAN property tycoon Preston Haskell IV is the man waiting in the wings to swoop for Coventry City should the club be placed in administration on Friday.
The Texan, who has a fortune estimated at $250million (£157m), is believed to have tried to buy Leeds United late last year.
Read More http://www.coventrytelegraph.net/co...s-coventry-city-92746-33017986/#ixzz2NzOJ2rs4
Nowhere near enough to run a football club....Anyone remember a post a couple of months ago......"If you won the Euro, would you buy CCFC"
If I remember rightly it stood at about £117m. NOBODY thought this was enough to fund the "City":facepalm:
The Texan, who has a fortune estimated at $250million (£157m), is believed to have tried to buy Leeds United late last year.
Read More http://www.coventrytelegraph.net/co...s-coventry-city-92746-33017986/#ixzz2NzOJ2rs4
Nowhere near enough to run a football club....Anyone remember a post a couple of months ago......"If you won the Euro, would you buy CCFC"
If I remember rightly it stood at about £117m. NOBODY thought this was enough to fund the "City":facepalm:
Gosford Green
Well-Known Member
Just found out the source is the Daily Mail.A shining beacon of responsible journalism that normally reports nothing other than immigration scare stories and worries its half dead readership with headlines about peados on every steet corner.
Lets wait and see.
Lets wait and see.
SkyBlueBlood
Member
smouch1975
Well-Known Member
American property tycoon will move to buy Coventry if club slides into administ
Lads. Five pages without Jaguar Cheerleaders. How can you expect folk to keep reading?
Lads. Five pages without Jaguar Cheerleaders. How can you expect folk to keep reading?
lordsummerisle
Well-Known Member
Talk about damning with faint praise!
With statements like that you could get a journalists job at the Mirror Group
scroobiustom
New Member
Preston Haskell IV was linked with Leeds - never happened....something to consider
davebart
Active Member
I'm surprised no one has commented on this
Talking to The Sunday Times about a possible Leeds takeover, in which he promised £10m to invest in players, Haskell IV said: "As a businessman I see a club that has an incredible brand and that offers a great entrepreneurial opportunity to take it back to the level which it saw in its glory days.
"It’s a very strategic investment. I love English football, the Premier League is where everyone aspires to be, and Leeds has an incredible support base, the pedigree, and a global reach, including South Africa, Australia, Ireland, and Norway. In short, it has a global following.
"It is one of the absolute blue-chip teams."
Would anyone describe CCFC as a blue chip team?
Read More http://www.coventrytelegraph.net/co...s-coventry-city-92746-33017986/#ixzz2NzbQbfTj
Talking to The Sunday Times about a possible Leeds takeover, in which he promised £10m to invest in players, Haskell IV said: "As a businessman I see a club that has an incredible brand and that offers a great entrepreneurial opportunity to take it back to the level which it saw in its glory days.
"It’s a very strategic investment. I love English football, the Premier League is where everyone aspires to be, and Leeds has an incredible support base, the pedigree, and a global reach, including South Africa, Australia, Ireland, and Norway. In short, it has a global following.
"It is one of the absolute blue-chip teams."
Would anyone describe CCFC as a blue chip team?
Read More http://www.coventrytelegraph.net/co...s-coventry-city-92746-33017986/#ixzz2NzbQbfTj
SkyblueBazza
Well-Known Member
FFP rules mean nobody can just walk in & spend, spend spend...that's part of the problem. SISU's argument for rent reductions, & buy-in to the stadium is to increase revenues so they have more to invest on the playing side. The greater the revenue the greater the sum you can invest in te playing side. Whether or how much of it would go into the playing side is another issue mind you.
kg82
Well-Known Member
Well, we're blue! To be fair, there's potential with this club to be big, just nobody's been able tap into that potential.
I dont like the idea that the same man who brought SISU in to take over the City is bringing someone else in. Also look at the experience that Liverpool, Villa and Arsenal with americans not looking very good this crisis management
Flying Fokker
Well-Known Member
Article on Preston Haskill iv
http://www.bizjournals.com/jacksonville/stories/1997/09/29/story3.html?page=all
Parent company before Haskell went it alone with a loan from his father.
http://www.haskell.com/
Plenty of clout there. They could well be the company ACL want to work with/ Sell
to.http://www.thescratchingshed.com/2012/11/american-millionaire-hopes-to-hijack-leeds-united-takeover/
http://www.bizjournals.com/jacksonville/stories/1997/09/29/story3.html?page=all
Parent company before Haskell went it alone with a loan from his father.
http://www.haskell.com/
Plenty of clout there. They could well be the company ACL want to work with/ Sell
to.http://www.thescratchingshed.com/2012/11/american-millionaire-hopes-to-hijack-leeds-united-takeover/
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chiefdave
Well-Known Member
What happens if, for example, he decided to purchase a car parking space from CCFC for £1m a game or sponsor the team for £100m? I'm sure there will be a loophole somewhere and as soon as it's found the whole thing becomes pointless.
SkyblueBazza
Well-Known Member
I guess anything is possible. Why would anyone want to just give £1m/month though? It might fall outside of the FFP rules (if they've got the brains to think through this kind of thing...which is debatable itself)
Whoever comes in, if anybody will have to play by FFP rules anyway so millions will not be required. The real need is for the club to finally lose the historically gained debt and have the ability to start operating in a solvent manner to prevent this instability ever blighting the club and its ambitions again. For the last few years as a City fan we have lived with the shadow of debt hanging over us, it would be nice for us to run ethically and within our means and with a future secured. The scrub land around including train stop does need development and if that is what clinches the deal then so be it, I don't care who makes the money although I do believe the club should be compensated for the expensive decontamination programme it paid for on the site !
S
skyblue2k
Guest
The club did not pay to decontaminate the site, I do believe at the time they paid for the site inspection and the drilling of test holes to find out the depth of contamination.
Flying Fokker
Well-Known Member
Is the club toxic?