So, you'd rather stay in Northampton for 5 years, maybe for good, rather than see SISU own the Ricoh?
Off Nose Spite To Face Cut (rearrange letters accordingly)
A response like this does frustrate me. I know there's huge debate around the value of the Ricoh and clearly its potential is much much greater than ACL have come close to in terms of their operation, but the pleas that SISU should be allowed to own the Ricoh seem to stem from passion for this madness to end rather than sound public stewardship which the council clearly have to try and be shown to achieve.
Just because SISU own the football club does not mean the public of Coventry (via 50% of ACL) should be held hostage to do their bidding and sell them what they want. Would any other council anywhere in Britain even consider selling an asset like the Ricoh to a company of SISU Capital's track record within the City?
Let's tick off some questions which any elected official acting in the public interest may want to consider if he was looking at selling anything from a park bench to a multi-acre site with sports stadium:
1) Does the business have a successful record of owning and running other similar companies or operations?
2) Does the business have a strong track record of acting in the best interests of local people with a sense of corporate responsibility?
3) Does the business have a transparent structure with clear accountability regarding investment and ownership?
4) Has the business consistently filed accounts on time?
5) Does the business currently face any pending actions from either HMRC or Companies House?
There's five, I'm sure there would be tens more. If you asked 100 Council tax payers whether the Council should sell even a park bench to a company which couldn't answer all of those questions with a positive answer then 100 would say no.
The Ricoh is an underachieving asset for the people of Coventry, not one which should be frittered away to a mob like Sisu who have shown disdain, malpractice and downright incompetence. Let them rot.