thaiskyblue
New Member
hAVING JUST READ THE THE COV TELEGRAPH INTERESTING TO SEE THE UNIVERSITY HAVE STOPPED SPONSORSHIP, AND ONLY 5 KIT SPONSORS REMAIN. LOOKS LIKE TIME TO LEAVE TOWN SHITSU, OOPS SORRY YOU ALREADY HAVE. :wave:
Coventry university nopm. (7 Viewers)
- Thread starter thaiskyblue
- Start date
fernandopartridge
Well-Known Member
Is that not the reason why the sponsors are stopping?
thaiskyblue
New Member
i think people don't want to be associated with shitsu is the main reason.
Cheshire Sky Blue
New Member
I think that SISU will now have started to appreciate that the running of a Football Club like Coventry City is very different from any other type of business model. With most business models you manage the business by seeking out customers and satisfying a need. The customer by and large cares little about how you go about your business. With a football club the owners are managing the club on behalf of the customers. With a football club, the customers are the business.
The benefit sponsors get is through the association to a business which is tied emotionally to a large community who will favour anyone who is seen to be a friend to ‘my club’. When the club you love is being sacrificed to satisfy the ego's and avarice of people who care not for the team or supporters, but for greed beyond reason, then being seen as a supporter of that company holds few benefits. It will be very interesting to see who it is will be our shirt sponsor. Whoever it is runs the risk of being branded as contemptible and will most certainly be viewed with mistrust by most people who have a lifetime of emotion invested in CCFC.
The benefit sponsors get is through the association to a business which is tied emotionally to a large community who will favour anyone who is seen to be a friend to ‘my club’. When the club you love is being sacrificed to satisfy the ego's and avarice of people who care not for the team or supporters, but for greed beyond reason, then being seen as a supporter of that company holds few benefits. It will be very interesting to see who it is will be our shirt sponsor. Whoever it is runs the risk of being branded as contemptible and will most certainly be viewed with mistrust by most people who have a lifetime of emotion invested in CCFC.
skybluetony176
Well-Known Member
i think you've hit the nail on the head there.
google welcolme break sisu and look at their history of trying to force a takeover of welcolme break and a price they want with whats happened at our club.
a breif rundown is that they were the majority junior share holder (in other words they were'nt senior share holders, which i believe means they didn't have a place on the board) the board wanted to restructure their debt so to put themselves in a better position to trade out off debt (mmm, restructure debt where have we heard that before
. Oh yes, abit like CCC taking over the debt that ACL had partly because they had a tenant on rent strike). anyway shitsu attempted to block the restructuring by using, wait for it, Judicial review (cant think where they have done that since:thinking about.so yes you are right they are treating our club like any other business and perhaps they are now realising that there is more to a football club than there is to a chain of motorway services.
what i cant believe is that anyone who supports the club still think its been about food and beverages and not a forced takeover of the ricoh at a knock down price. this is what hedgefunds do.
fernandopartridge
Well-Known Member
i think you've hit the nail on the head there.
google welcolme break sisu and look at their history of trying to force a takeover of welcolme break and a price they want with whats happened at our club.
a breif rundown is that they were the majority junior share holder (in other words they were'nt senior share holders, which i believe means they didn't have a place on the board) the board wanted to restructure their debt so to put themselves in a better position to trade out off debt (mmm, restructure debt where have we heard that before
so yes you are right they are treating our club like any other business and perhaps they are now realising that there is more to a football club than there is to a chain of motorway services.
what i cant believe is that anyone who supports the club still think its been about food and beverages and not a forced takeover of the ricoh at a knock down price. this is what hedgefunds do.
I thought you said SISU weren't on the board? You're criticising them for blocking a debt restructure. Yet when Coventry City Council blocked a similar deal, it's OK.
Honestly, the hypocrisy on this forum.
Well done for catching on to the plan, I've said it for months & month but still there are imbeciles on here who believe SISU intend to set up a franchise in fucking Northampton.
mrbluesky87
New Member
what i cant believe is that anyone who supports the club still think its been about food and beverages and not a forced takeover of the ricoh at a knock down price. this is what hedgefunds do.[/QUOTE]
I know that, you know that and I believe many other people do also. In all fairness, everything else that is going on detracts from the most important point of getting the ground. Ive stated before I support neither side but I would not entertain any meeting with Joy unless it was about rent only which we all know it isnt.
I know that, you know that and I believe many other people do also. In all fairness, everything else that is going on detracts from the most important point of getting the ground. Ive stated before I support neither side but I would not entertain any meeting with Joy unless it was about rent only which we all know it isnt.
skybluetony176
Well-Known Member
when did CCC take shitsu to court for restructuring debt? i must have missed that one.
and for the record i dont think shitsu want to set up a franchise in northampton. thay want the ricoh, end off and if they dont get it they will hopefully cut the millstone that is CCFC of from around their neck and sell up to cut their losses but my biggest fear is that they will just let the club disapear out of spite.
D
Deleted member 5849
Guest
Why wouldn't you entertain the concept of the football club owning its football stadium?
Matty_CCFC
New Member
Why?
If SISU owned the Ricoh we would be dead, they would not neeed or want to Football club anymore.
Nick
Administrator
Any proof to suggest they would just get rid of the club?
chiefdave
Well-Known Member
Given their track record I'd want a bit more security than Tim and Joy saying 'don't worry, everything will be fine'.
fernandopartridge
Well-Known Member
They didn't. They reneged on a deal whereby SISU would buy ACL's debt.
fernandopartridge
Well-Known Member
You sure? Surely they'd be in the exact same white elephant situation that ACL are finding themselves in.
D
Deleted member 5849
Guest
If you accept the logic that the value of the Ricoh goes down because the club has moved oput, and that is their cunning plan now... why would the Ricoh not need the football club?
D
Deleted member 5849
Guest
Which can be done while negotiating.
As opposed to a position that football club should not own football stadium full-stop, which seems a rather baffling one to me.
According to one side - and that side has people that seem to think they can get away with telling bare faced lies in court. So excuse me if I am a little sceptical.
I think the point is that not even the football club was in one company so if sisu got there hands on the arena it would be split up into many companies , granted all under a master umbrella but don't see the m/o of sisu changing if they got the rioch and a profit making city asset would just be saddled with debt
fernandopartridge
Well-Known Member
Why has it never been denied by the other side?
Weren't these allegations one of the main points in the judicial review? The same judicial review that was thrown out but is being appealed by SISU?
Maybe the other side are confining their responses to the courts, which is the correct way to proceed, rather than peddling fairy stories to anyone prepared to pimp for them.
chiefdave
Well-Known Member
That's true but if SISU want ownership of the stadium the first thing to do would be to put in a serious bid for it. The impression given at the moment (and of course we don't know what is happening out of view of the supporters) is that SISU want the stadium for next to nothing and will only enter talks on that basis.
Surely the best route to stadium ownership would be to continue playing at the Ricoh, purchase the Higgs share and work with the council to build up trust.
D
Deleted member 5849
Guest
So are we deciding the council are idiots, unable to negotiate a deal with clauses in it to ensure club and stadium remain linked together?
shy_tall_knight
Well-Known Member
Because the stadium has a lot of equity ie low percentage of debt (mortgage) to the value of the asset, I believe is the reason SISU bought the club hoping that as nothing was owed on the stadium then they could get it for next to nothing. There is a track record of councils signing over public funded stadiums to clubs.
I genuinely believe that they are prepared to upset the fans, embarrass the council, financially starve ACL by moving the club to Northampton in the hope that everyone will lower their demands when we next sit around the negotiating table.
I genuinely believe that they are prepared to upset the fans, embarrass the council, financially starve ACL by moving the club to Northampton in the hope that everyone will lower their demands when we next sit around the negotiating table.
bigfatronssba
Well-Known Member
The club doesn't need to own the stadium, it just needs to own the income streams.
Other than that ownership of the ground would be of no use to ccfc, only sisu.
Other than that ownership of the ground would be of no use to ccfc, only sisu.
chiefdave
Well-Known Member
wouldn't say that but even if the deal was watertight what's to stop SISU trying to break the deal as they did with the lease or keep running to the courts to try and get the deal changed. they might not win but it could end up being expensive and time consuming for the council. their actions in the past have led to a lack of trust and they need to work to get that trust back especially if they are wanting to get the stadium on the cheap for the supposed benefit of the club.
L
longjohnskyblue
Guest
Rationally it makes sense for the owners to own the ricoh - however, sisu are not acting with conventional rationale. It cannot make any sense doing what they are doing now unless they are trying to financially distress the current owners of the stadium and rely on them folding. Thing is now sisu have proven they do not consider legally binding agreements legally binding, it is impossible to enter any contract with them - as if they decide it is unacceptable they simply break the agreement!
So the only option for sisu to buy is to get the money up front! And as they do not have anywhere near the money required, then it is never going to happen.
With the wage bill stripped to the bare bones (will be far less than the £4.5 million per year they claimed last season), so they get over £1 million from then FA for the nacademy, leaving less than £2m per season neede to be found. Thats less than £100k/ home game. With 2k turning up at £15 roughly that means they need to find an additional £70k/game - so losses as stands will be around £1.5 m per season.
That is why they believe they can fund the losses. NOPM will fook up their calculations, and IS clearly having an effect!
So the only option for sisu to buy is to get the money up front! And as they do not have anywhere near the money required, then it is never going to happen.
With the wage bill stripped to the bare bones (will be far less than the £4.5 million per year they claimed last season), so they get over £1 million from then FA for the nacademy, leaving less than £2m per season neede to be found. Thats less than £100k/ home game. With 2k turning up at £15 roughly that means they need to find an additional £70k/game - so losses as stands will be around £1.5 m per season.
That is why they believe they can fund the losses. NOPM will fook up their calculations, and IS clearly having an effect!