club to hold meetings with fans (5 Viewers)

James Smith

Well-Known Member
So Tim, where will the meetings be held at?

Walsall? Or Hinckley?

Could be Ryton but my favourite is still the club shop outside Tesco.
 

Nick

Administrator
Why are they unlikely to win? It's becoming obvious that the club is not really in administration at all. The council opened Pandora's box and we will all pay a price.

What I don't get is why didn't they appeal about the ten points?
 

RPHunt

New Member
I don't reallly know RP but it has been alluded to in rumour from both sides ,is it logical ? No but she does move in those circles and holds a position for an ultra wealthy families business who son is a Congressman. the senior in the family I believe heads up or Sponsors the states universities ,with Pennsylvania State University Pension fund being one of the five origonal investors ,ultimately she is connected.

I think those connections might be a little overplayed and even if they weren't and the connections were imprudent enough to get involved, that really would give our newspapers and politicians a story. How would a headline like "American Congressman bankrolls plot to bankrupt British charity" go down on either side of the Atlantic? Enough fantasy!
 

James Smith

Well-Known Member
What I don't get is why didn't they appeal about the ten points?

Maybe Tim will explain this at Tesco, sorry the meetings, probably won't though.
 

Paxman II

Well-Known Member
they did appeal then dropped it. The process by which the league and FA decide the penalty is on the conviction that part or all of the parties that operate as the 'football club' will be deemed the same. i.e. holding and Ltd are as one. This has precedence so why bother appealing the unwinnable?

However that still does not mean the Golden Share is with either entity. that is still not proven beyond doubt. There is doubt because SISU still believe it and yet it is widely believed to be with Ltd (the company in admin). All is yet to be revealed. The fact it is taking so long to achieve that suggest it is not clear cut.
 

bigfatronssba

Well-Known Member
A decent analogy for once, all the evils of the world flew out, but the very last thing to emerge was Hope.
Though I would say all sides have had a hand in opening the box.

But Sisu set up the box, how can the Council be held responsible for what is in it?
 

Grendel

Well-Known Member
But Sisu set up the box, how can the Council be held responsible for what is in it?

I will hold all parties responsible if this unfolds as it is likely to do. If the rent agreement offered now was in place a decade ago we would potentially be in the premier league again. The council have a lot to answer for and the supporters should start to make them culpable. If we don't the club will cease to exist I am convinced of it.
 

Brighton Sky Blue

Well-Known Member
I will hold all parties responsible if this unfolds as it is likely to do. If the rent agreement offered now was in place a decade ago we would potentially be in the premier league again. The council have a lot to answer for and the supporters should start to make them culpable. If we don't the club will cease to exist I am convinced of it.

All it will take is SISU to leave for the club to go forward. Convinced of it.
 

Tonylinc

Well-Known Member
I will hold all parties responsible if this unfolds as it is likely to do. If the rent agreement offered now was in place a decade ago we would potentially be in the premier league again. The council have a lot to answer for and the supporters should start to make them culpable. If we don't the club will cease to exist I am convinced of it.
How the hell can you hold the Council responsible for gaining the best possible deal for the taxpayers? Remember that the rent was set whilst we were still in the Premier League, the fact that nobody from CCFC thought about a drop in gates should a relegation ensue is hardly the Council's fault.
 

Brighton Sky Blue

Well-Known Member
How the hell can you hold the Council responsible for gaining the best possible deal for the taxpayers? Remember that the rent was set whilst we were still in the Premier League, the fact that nobody from CCFC thought about a drop in gates should a relegation ensue is hardly the Council's fault.

The rent was set a good deal after then.
 

RPHunt

New Member
I will hold all parties responsible if this unfolds as it is likely to do. If the rent agreement offered now was in place a decade ago we would potentially be in the premier league again. The council have a lot to answer for and the supporters should start to make them culpable. If we don't the club will cease to exist I am convinced of it.

I do try to ignore you, but on this occasion I would love to know how the council were to blame for the rent agreement while the club was still playing at Highfield Road?
 

wingy

Well-Known Member
What I don't get is why didn't they appeal about the ten points?
With a potential shot at the playoffs ??

were they worried it could expose a flaw in their argument or did they pursue the Charade to a point where they could fudge consensus with/From the league?:thinking about:
 

bigfatronssba

Well-Known Member
I will hold all parties responsible if this unfolds as it is likely to do. If the rent agreement offered now was in place a decade ago we would potentially be in the premier league again. The council have a lot to answer for and the supporters should start to make them culpable. If we don't the club will cease to exist I am convinced of it.

Ok, so the club is £60m in debt, since 2005 the club has spent around £8m on rent, and lost out on maybe £10m worth of revenue streams (and that is being generous).

So taking away the whole stadium issue, the club would still be £42m in debt, so where is this premier league budget coming from?
 

Mucca Mad Boys

Well-Known Member
Ok, so the club is £60m in debt, since 2005 the club has spent around £8m on rent, and lost out on maybe £10m worth of revenue streams (and that is being generous).

So taking away the whole stadium issue, the club would still be £42m in debt, so where is this premier league budget coming from?

60m (not all of it) in debt has obviously been dumped on CCFC, from other ventures (many owners do this, not just a SISU thing to do), it hasn't been spent on the club quite clearly because it just came out of nowhere one day. So Grendel isn't too far off, also, if you are generally doing well, you'll tend to make more risks with your money, taking loans out to push for the prem etc. but now, spending such sums of money on CCFC is well, stupid.
 

skybluericoh

Well-Known Member
I do, I have a pretty low opinion of the human race in general when it comes to believing what they are told when its spun even half decently. Otherwise there would be no religion, no homeopathy, no astrology, none of our newspapers especially the daily mail, how many ignorant people believe we didnt go to the moon for example?

Bloody hell! if they think that we'll go to the moon for home games it will never happen. No atmosphere at all there! TF do one
 

Big_Ben

Active Member
Because this is not a hedge fund investment. SISU do manage a hedge fund, but the purchase and running of CCFC is a separate, unconnected venture and as such the original investors were probably given a time scale of 5,6 or 7 years after which time the venture would be sold or wound up. Guess which is happening?

In order to go along with your guess it would be necessary to agree with your hypothesis that it really would be a 3, 5 or 7 year plan, which is in itself only a guess on your part. How do you know this to be the case?
 

bigfatronssba

Well-Known Member
60m (not all of it) in debt has obviously been dumped on CCFC, from other ventures (many owners do this, not just a SISU thing to do), it hasn't been spent on the club quite clearly because it just came out of nowhere one day. So Grendel isn't too far off, also, if you are generally doing well, you'll tend to make more risks with your money, taking loans out to push for the prem etc. but now, spending such sums of money on CCFC is well, stupid.

The majority of that debt has acrrued because we have bought shite players on high wages. That would not have changed whether we owned the stadium or not. The council are not to blame for at least £42m of our debt, neither are they to blame for the clubs poor transfer and managerial appointments.

The club would still be in a poor state even with the stadium.
 

Grendel

Well-Known Member
I do try to ignore you, but on this occasion I would love to know how the council were to blame for the rent agreement while the club was still playing at Highfield Road?

I'm sure you do try and ignore supporters of the football club. That is the problem we the supporters face.

Have you ever made a post on a football related issue.
 

Grendel

Well-Known Member
How the hell can you hold the Council responsible for gaining the best possible deal for the taxpayers? .

So it's pure unemotional business that concerns you? So if sisu make a business case that supports a move from Coventry providing that benefits their investors I assume you also will approve that?

If not you are a hypocrite.
 

dongonzalos

Well-Known Member
So it's pure unemotional business that concerns you? So if sisu make a business case that supports a move from Coventry providing that benefits their investors I assume you also will approve that?

If not you are a hypocrite.

What are the benefits for their shareholders?
 

Grendel

Well-Known Member
What are the benefits for their shareholders?

My point is if you believe the council should act purely in their commercial best interest then you also must support sisu fm for doing the same. Both may make the wrong decision. However if the view is the council owe the community asset nothing then certainly no one should expect the hedge fund to do so either.
 

dongonzalos

Well-Known Member
My point is if you believe the council should act purely in their commercial best interest then you also must support sisu fm for doing the same. Both may make the wrong decision. However if the view is the council owe the community asset nothing then certainly no one should expect the hedge fund to do so either.

If it is the wrong decision I would struggle to support it.
You yourself have said SISU would not move the club.
That is because it is not a realistic viable option.
You just saw it as a hollow threat.

So it would not benefit their shareholders.

If they had done a proper negotiation with ACL . Built a trusted business relationship in the time they have been here.

That would have in the long term benefited their shareholders.

This mess will not
 

Grendel

Well-Known Member
Ok, so the club is £60m in debt, since 2005 the club has spent around £8m on rent, and lost out on maybe £10m worth of revenue streams (and that is being generous).

So taking away the whole stadium issue, the club would still be £42m in debt, so where is this premier league budget coming from?

Oh dear. CSE grade u in economics I assume?
 

bigfatronssba

Well-Known Member
Oh dear. CSE grade u in economics I assume?

B grade A level actually.

But seen as I'm so stupid, please explain to me how without Council oppression the club would now be in the Premiership?
 

Grendel

Well-Known Member
If it is the wrong decision I would struggle to support it.
You yourself have said SISU would not move the club.
That is because it is not a realistic viable option.
You just saw it as a hollow threat.

So it would not benefit their shareholders.

If they had done a proper negotiation with ACL . Built a trusted business relationship in the time they have been here.

That would have in the long term benefited their shareholders.

This mess will not
Missing the point. Point is if they think it is then we can't argue. The council I think should hand ACL over to the club. I think supporters are bonkers for siding with a bloody landlord. I think no one else will ever buy the club without ACL free of charge.

I think meltdown is around the corner and unless people like you don't wake up we will be doomed.
 

dongonzalos

Well-Known Member
Missing the point. Point is if they think it is then we can't argue. The council I think should hand ACL over to the club. I think supporters are bonkers for siding with a bloody landlord. I think no one else will ever buy the club without ACL free of charge.

I think meltdown is around the corner and unless people like you don't wake up we will be doomed.

So if Higgs said they can't have a professional relationship with SISU and would veto any move by the council to hand over their share. However if Mr Haskell picks up the club they will allow it to be handed over you would be happy with that?
 

bigfatronssba

Well-Known Member
Missing the point. Point is if they think it is then we can't argue. The council I think should hand ACL over to the club. I think supporters are bonkers for siding with a bloody landlord. I think no one else will ever buy the club without ACL free of charge.

I think meltdown is around the corner and unless people like you don't wake up we will be doomed.

Sisu wouldn't accept it as they feel very strongly about councils that abuse state aid rules. They would insist on paying the full market value.
 

Grendel

Well-Known Member
So if Higgs said they can't have a professional relationship with SISU and would veto any move by the council to hand over their share. However if Mr Haskell picks up the club they will allow it to be handed over you would be happy with that?

My understanding is the Higgs share is actually worthless. It attracts no access to any revenue football or non football related. I may be wrong bit that is my belief so ultimately the council share is the issue.
 

Brighton Sky Blue

Well-Known Member
My understanding is the Higgs share is actually worthless. It attracts no access to any revenue football or non football related. I may be wrong bit that is my belief so ultimately the council share is the issue.

It would surely enable us to cross invoice revenue would it not? Equally once the mortgage is repaid we would then be able to take dividends.
 

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