Coventry City boss admits 'errors' after leak of confidential players' documents (25 Viewers)

[skybluetony176]

I think you are right - ACL is more likely to be sold to the club under new owners. But if that doesn't change the club will never return to the Ricoh, but build a new stadium. How else can sisu secure their exit? So we fans need to either accept we're never returning to the Ricoh or put pressure to CCc and Higgs to sell ACL to sisu. The current NOPM campaign is never going to achieve anything but dividing the fans and give CCc and Higgs an excuse to maintain the current status quo.

i admire your optimism that a new stadium will be built by shitsu, i cant share it though.

is the only hope we have as supporters of the club that we return to the ricoh is if it is sold to shitsu and is this process really our only hope to get rid of shitsu. please, take that optimism you have for a new stadium and transfer it into putting pressure on the fl and fa to force the administration process again and also to prove that shitsu are fit and proper surely if they did this, this would be the quickest way to get rid of what must be the worst owners ever in football.

i cant help but feel their a lot more leaked documents to come out, more passing the book by shitsu by blaming the previous administration. their really is a career in politics for fishface.

ask yourself, if shitsu were standing in a general election, knowing what we know about them and our experience of their leadership would you vote for them? i doubt it and if you did i would have to seriously question your mental health. would you let shitsu baby sit your kids, run walsgrave hospital, run...... well you get the idea.

we shouldn't only see an answer where shitsu are the only option regardless of whether you think that acl/ccc carry more of the blame or not, that shouldn't matter. we deserve better than shitsu as owners and if we stand united we can do something about and who knows with more respectable owner ownership of the ricoh may happen quicker than you think, certainly quicker than the building of a new stadium.

 

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[Godiva]

Thats not the impression i got when i sat in the meeting with fisher.. Benefiting from income streams maybe, owning out own stadium , nope.. He was asked directly if the club would own the new stadium, and he skirted round the subject . If they ever did build a stadium, i doubt they would gift it to the club.. A SISU company would own it and charge us rent!

That makes no sense at all. Why would they create a situation that is currently crippling the club. A situation they are paying a steep price to escape?

I heard him at the forums 'skirting' around as you say, but to me it sounded more like they hadn't decided if they would place the stadium in a property company or within the club (Holdings then - Otium now). In any case it would be under the SBS&L umbrella ... that's how I deciphered his ramblings.
Also bear in mind that no potential buyer would purchase the club without the stadium, and so their exit would be difficult if they don't put the two under the same hat.

 

[RPHunt]

Also bear in mind that no potential buyer would purchase the club without the stadium, and so their exit would be difficult if they don't put the two under the same hat.

It didn't dissuade anyone from buying Leeds or Manchester City to name but two examples of clubs not owning their ground.

 

[Cheshire Sky Blue]

True but it became very relevant when TF announced that Ltd was not, as everyone - in particular ACL - has believed, a trading company but was in fact a non-trading property owning subsidiary.

This despite the fact that he himself had signed Ltd's accounts only 9 (?) months previously showing that it was very much a trading company and not noting any change to this fact in the Directors' Report.

I have to say that if a creditor of mine had done the same, my first call would have been to the most aggressive lawyers I could find, with instructions to take action against the company and the Directors.

I have wondered if the reason that ACL rejected the CVA might be to keep the option of such action open. I guess that time will tell.

I too have wondered if ACL were keeping there powder dry until the right moment. If they have been, then the right moment is upon us now in my opinion. If they do genuinely have a case, now's the time to put it forward. I really do wonder if CCC and ACL have been playing a brilliant poker hand or if they are just playing snap.

 

[Godiva]

i admire your optimism that a new stadium will be built by shitsu, i cant share it though.

is the only hope we have as supporters of the club that we return to the ricoh is if it is sold to shitsu and is this process really our only hope to get rid of shitsu. please, take that optimism you have for a new stadium and transfer it into putting pressure on the fl and fa to force the administration process again and also to prove that shitsu are fit and proper surely if they did this, this would be the quickest way to get rid of what must be the worst owners ever in football.

i cant help but feel their a lot more leaked documents to come out, more passing the book by shitsu by blaming the previous administration. their really is a career in politics for fishface.

ask yourself, if shitsu were standing in a general election, knowing what we know about them and our experience of their leadership would you vote for them? i doubt it and if you did i would have to seriously question your mental health. would you let shitsu baby sit your kids, run walsgrave hospital, run...... well you get the idea.

we shouldn't only see an answer where shitsu are the only option regardless of whether you think that acl/ccc carry more of the blame or not, that shouldn't matter. we deserve better than shitsu as owners and if we stand united we can do something about and who knows with more respectable owner ownership of the ricoh may happen quicker than you think, certainly quicker than the building of a new stadium.

I see no way how the FL/FA can change or challenge the legal outcome of the administration proces.

The club is a business - its not governed by democracy - its fueled by income. The abillity to purchase players and to compete in the leagues is based on money, not votes.
We need to own all income streams from the stadium - not just matchday stream, but all.

 

[Grendel]

I too have wondered if ACL were keeping there powder dry until the right moment. If they have been, then the right moment is upon us now in my opinion. If they do genuinely have a case, now's the time to put it forward. I really do wonder if CCC and ACL have been playing a brilliant poker hand or if they are just playing snap.

Can't wait to resurrect this crap when nothing happens in a few weeks time.

 

[Grendel]

It didn't dissuade anyone from buying Leeds or Manchester City to name but two examples of clubs not owning their ground.

Who owned Leeds ground when they were purchased?

 

[lifelongcityfan]

Can't wait to resurrect this crap when nothing happens in a few weeks time.

you are always resurrecting crap!

 

[Cheshire Sky Blue]

In my opinion there is no way Appleton can go for liquidation now without a legal challenge from ACL ?

I agree 100% VoR. I just posted the statement are ACL CCC playing a brilliant poker hand? If they do have the Aces, now's the time to call.

 

[Grendel]

you are always resurrecting crap!

Do you need some napkins for the picnic. Going to be wet - better take some brollies.

 

[Astute]

I think you are right - ACL is more likely to be sold to the club under new owners. But if that doesn't change the club will never return to the Ricoh, but build a new stadium. How else can sisu secure their exit? So we fans need to either accept we're never returning to the Ricoh or put pressure to CCc and Higgs to sell ACL to sisu. The current NOPM campaign is never going to achieve anything but dividing the fans and give CCc and Higgs an excuse to maintain the current status quo.

So how far can SISU go?

They have admitted they don't have money to build a stadium alone. So they are left to try and get the Ricoh for peanuts. If anyone disagrees then explain why they tried the juditial review......and then want to appeal after losing it with such a reply from the judge. No proof of a new stadium. For all anyone knows they could be close to the end of the road. This would mean going back to the Ricoh to keep hold of our club.

It is not too hard to show you have funds. They have investors. This doesn't mean that their investors are happy to chuck money at them. I could prove I can get funds. My parents are minted. They have many rental properties without a mortgage. Because of their age they are not now allowed mortgages. But if needed they could be shown as funds. It don't mean that they would let me have the funds though.

I am looking for truth and facts to where my thoughts are going. Not a lot shows me of a new ground. Not a lot shows me they will keep putting money into our club whilst getting gates of 2,000. Not a lot shows me of Fisher admitting defeat and taking us back. But something must give. Fisher and SISU seem to be full of shit. This keeps getting proved. Or do the judges lie? So which choice seems favourite?

 

[Cheshire Sky Blue]

Can't wait to resurrect this crap when nothing happens in a few weeks time.

Grendal, in your usual manner you turn a genuine enquiry into an attack. Your response is meaningless drivel.

 

[lifelongcityfan]

Do you need some napkins for the picnic. Going to be wet - better take some brollies.

you should try it, get a bit of fresh air and sunshine, get away from that keyboard you hide behind all day every day!

 

[skybluetony176]

I see no way how the FL/FA can change or challenge the legal outcome of the administration proces.

The club is a business - its not governed by democracy - its fueled by income. The abillity to purchase players and to compete in the leagues is based on money, not votes.
We need to own all income streams from the stadium - not just matchday stream, but all.

you have to admit though, we deserve better than shitsu.

 

[Grendel]

Grendal, in your usual manner you turn a genuine enquiry into an attack. Your response is meaningless drivel.

I have a marginal confession to make. I thought the post was from the council sponsored troll RIP Hunt so I reacted accordingly.

So therefore I apologise.

 

[Cheshire Sky Blue]

I have a marginal confession to make. I thought the post was from the council sponsored troll RIP Hunt so I reacted accordingly.

So therefore I apologise.

Accepted

 

[Astute]

Who owned Leeds ground when they were purchased?

Not Leeds. They were paying a reported 2m a year rent.....and this was from the Leeds fans.


Saying that if anyone listened to Grenduffy they wouldn't get any truth.

 

[SkyblueBazza]

It didn't dissuade anyone from buying Leeds or Manchester City to name but two examples of clubs not owning their ground.

I think that both in fairness have much bigger & more committed fan bases that generate much bigger & more consistent revenue streams than us. Before FFP especially - that would have an attraction.

 

[RPHunt]

I have a marginal confession to make. I thought the post was from the council sponsored troll RIP Hunt so I reacted accordingly.

So therefore I apologise.

That's only another 10,799 confessions and apologies to go.

 

[Godiva]

So how far can SISU go?

They have admitted they don't have money to build a stadium alone. So they are left to try and get the Ricoh for peanuts. If anyone disagrees then explain why they tried the juditial review......and then want to appeal after losing it with such a reply from the judge. No proof of a new stadium. For all anyone knows they could be close to the end of the road. This would mean going back to the Ricoh to keep hold of our club.

It is not too hard to show you have funds. They have investors. This doesn't mean that their investors are happy to chuck money at them. I could prove I can get funds. My parents are minted. They have many rental properties without a mortgage. Because of their age they are not now allowed mortgages. But if needed they could be shown as funds. It don't mean that they would let me have the funds though.

I am looking for truth and facts to where my thoughts are going. Not a lot shows me of a new ground. Not a lot shows me they will keep putting money into our club whilst getting gates of 2,000. Not a lot shows me of Fisher admitting defeat and taking us back. But something must give. Fisher and SISU seem to be full of shit. This keeps getting proved. Or do the judges lie? So which choice seems favourite?

I don't believe that is accurate. I mean, they have said the funding of a new stadium would be by a combination of selling off land/leases to new businesses and a mortgage.

 

[skybluetony176]

I don't believe that is accurate. I mean, they have said the funding of a new stadium would be by a combination of selling off land/leases to new businesses and a mortgage.

so all they need to do now is tell us where this magical piece of land where they are going to get planning permission that enables them to do this is. i wish my 2week holiday in Tenerife lasted as long as fishfaces 2 weeks.

they still have to buy said magical piece of land in the 1st place so can they also explain where the money is coming from to do this as well. incase you didn't realise monopoly money is not legal tender either

 

[RPHunt]

Not Leeds. They were paying a reported 2m a year rent.....and this was from the Leeds fans.

They have been paying rent to a Bates tax-haven company for 9 years. Are there really people naive enough to believe SISU won't do exactly the same.

 

[Astute]

I don't believe that is accurate. I mean, they have said the funding of a new stadium would be by a combination of selling off land/leases to new businesses and a mortgage.

They said they have some funds but would look for it to be built by someone. When questioned on whether we would own or rent Fisher ducked questions.

 

[Grendel]

Not Leeds. They were paying a reported 2m a year rent.....and this was from the Leeds fans.


Saying that if anyone listened to Grenduffy they wouldn't get any truth.

Mmmm interesting who did they pay it to?

 

[Godiva]

you have to admit though, we deserve better than shitsu.

It depends by your definition of 'deserve'. What is it exactly we have done to deserve other owners?
But leave that - it's a futile discussion.

I do admit that we 'need' owners who can reunite club and stadium. If that is sisu I take them. If it is Hoffman, I'll even take him!
Right now we are stuck with sisu and so far they have put the club in a position to become future owners of either ACL or a purpose built stadium.
If they achieve that - they will be off quickly after.
If they fail to achieve that - they will be off the second the realise its not going to happen.

 

[Houdi]

So how far can SISU go?

They have admitted they don't have money to build a stadium alone. So they are left to try and get the Ricoh for peanuts. If anyone disagrees then explain why they tried the juditial review......and then want to appeal after losing it with such a reply from the judge. No proof of a new stadium. For all anyone knows they could be close to the end of the road. This would mean going back to the Ricoh to keep hold of our club.

It is not too hard to show you have funds. They have investors. This doesn't mean that their investors are happy to chuck money at them. I could prove I can get funds. My parents are minted. They have many rental properties without a mortgage. Because of their age they are not now allowed mortgages. But if needed they could be shown as funds. It don't mean that they would let me have the funds though.

I am looking for truth and facts to where my thoughts are going. Not a lot shows me of a new ground. Not a lot shows me they will keep putting money into our club whilst getting gates of 2,000. Not a lot shows me of Fisher admitting defeat and taking us back. But something must give. Fisher and SISU seem to be full of shit. This keeps getting proved. Or do the judges lie? So which choice seems favourite?

Plus of course they took the Academy away from the Higgs Centre, and Fisher a few weeks ago was very bullish about moving it to Warwick University. Now it transpires they are in talks to return back to the Higgs Centre. It is hard to believe that is what Fisher actually wanted, so why the sudden about turn?, welcome though it is. Already it seems Fisher is being forced to backtrack, if the gates for the next two 'homes games' are poor, maybe Fisher will soon be eating more humblepie.

 

[Godiva]

They said they have some funds but would look for it to be built by someone. When questioned on whether we would own or rent Fisher ducked questions.

Not what I remember, but I admit I am getting older and my short term memory is suffering.

 

[Godiva]

so all they need to do now is tell us where this magical piece of land where they are going to get planning permission that enables them to do this is. i wish my 2week holiday in Tenerife lasted as long as fishfaces 2 weeks.

they still have to buy said magical piece of land in the 1st place so can they also explain where the money is coming from to do this as well. incase you didn't realise monopoly money is not legal tender either

They won't be stupid and buy land as long as there's a slight chance of them being able to buy ACL.

 

[skybluericoh]

I wonder if a few months ago there was a conversation like.....
Look, we haven't filed accounts again so we can say what we like, we've already said that Ltd is a none trading property arm with no assets and just a lease that we cannot / will not / not happy to pay. Lets appeal the 10 pts deduction 'cos everything is in holdings do do with the football side of things......
ring ring 'hello FL here how may I direct your call?'
'Hi I'm CEO of a football club you've just deducted 10 pts from and we want them back'
'Putting you through now sir'
'Hello Mr FL man, can we have our pts back?'
'Get lost!'
Ring Ring 'Hello FL here how may I direct your call?'
Hi I'm the solicitor for a football club that you've deducted 10 pts from and I need to talk to the block who said get lost.'
'Putting you through now sir.'
'Hello I've been instructed to tell you that we will take you to court over the pts as the football side is in Holding and we only out Ltd, a none trading company into admin, and we will sue you big time.'
'Ah thank you for your call, I suggest you go away now and tell your client that if they are foolish enough to carry on this route then we will let all the interested parties that the GS and contracts are will Ltd and your prfered bidder would have to pay the going rate to buy Ltd.'
'Ok thank you bye.'

Roll on a few months..
'Hi I would like to take away a football club that has played in it's home town for 130 years and move it 30+ miles away, so I can get my own way, nobody likes me anymore and I just want to show them who's boss.'
'Are but the FL are all for the supporters, it's in our logo's and everything.'
'Ah yes, I understand. Shall I leak it out that you knew all along about the GS and contracts?'
'No that's not required, we'll have to come up with the correct wording about not being a club anymore, a bond etc.'
'we won't be paying a bond'
'Of course not. You don't have to pay it, we just use these words so the thick twats who give us money think we are looking after them. Between us I'm sure we'll be able to sort it.'

 

[Astute]

They have been paying rent to a Bates tax-haven company for 9 years. Are there really people naive enough to believe SISU won't do exactly the same.

And this is what I have said all along what I think SISU would do if they got the Ricoh. They would offload the club but keep the Ricoh.

 

[sky blue john]

It is obvious that building with borrowed money means that ccfc will be footing more of a bill than any acl rent in history !!!!
Ccfc will pay via the fans to build the stadium but ccfc will never own the stadium !!!

 

[Deleted member 5849]

If they achieve that - they will be off quickly after.
If they fail to achieve that - they will be off the second the realise its not going to happen.

I tend to agree.

My main concern is the latter way may not be the cause for celebration either.

 

[kmj5000]

I don't believe that is accurate. I mean, they have said the funding of a new stadium would be by a combination of selling off land/leases to new businesses and a mortgage.

Saying it and having it are two very different things! They have said many things.....

Can you see any financial institution giving them a mortgage?

 

[Deleted member 5849]

It is obvious that building with borrowed money means that ccfc will be footing more of a bill than any acl rent in history !!!!
Ccfc will pay via the fans to build the stadium but ccfc will never own the stadium !!!

Arsenal borrowed the cash for their stadium.

Borrowing the cash to build a ground isn't in itself a problem.

 

[Deleted member 5849]

And this is what I have said all along what I think SISU would do if they got the Ricoh. They would offload the club but keep the Ricoh.

Who would buy the club in those circumstances?