Private Eye...silence (3 Viewers)

[tisza]

If it turns out there was no due diligence done by SISU wouldn't they be open to litigation from their investors?

 

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[James Smith]

How could sisu do due dillegence - they bought the club at virtually 5 minutes notice!

I'm reading a book at the moment and in it it says that the first thing you do before buying a business is due diligence. Would you buy a house which is probably the most expensive thing you will buy without a survey?

If you don't do DD then as far as I can see you're not minimising the risk to yourself and caveat emptor if you go through with the purchase.

 

[Nick]

I wonder if what happened with the original deal will ever come out?

 

[James Smith]

I wonder if what happened with the original deal will ever come out?

Possibly in the JR.

 

[RPHunt]

So do you know more?

I'm not even sure what's being implied here, or even what's being said.

No, I don't know any more. Just one of the, undoubtedly, many documents that were needed to be signed when the original deal was done and trying to tie it to the ACL loan in an act of desperation.

If this is SISU's "smoking gun" then I think they will find it has been shooting blanks.

 

[TheUKGryphon]

Are you saying that the only active supporters of this club are those 1/30th that toady down to sixfields every 'home' game. Have you seen our away support? MK, wolves, port vale, Shrewsbury, all eclipsed the 'home' gate.
That well and truly puts your 1/30th argument right down the shitter.
If a Coventry fan travels to every away game and stays away from sixfingers, then that makes them just as much an active supporter of the club. In fact more so. You are clearly a SISU arse licker who either enjoys being a troll or is clearly off to where the trams never run.

 

[Grendel]

I'm reading a book at the moment and in it it says that the first thing you do before buying a business is due diligence. Would you buy a house which is probably the most expensive thing you will buy without a survey?

If you don't do DD then as far as I can see you're not minimising the risk to yourself and caveat emptor if you go through with the purchase.

What does your book tell you about hedge funds and due dillegence?

 

[James Smith]

I'm reading a book at the moment and in it it says that the first thing you do before buying a business is due diligence. Would you buy a house which is probably the most expensive thing you will buy without a survey?

If you don't do DD then as far as I can see you're not minimising the risk to yourself and caveat emptor if you go through with the purchase.

Edit: If you don't do DD then as far as I can see you're not minimising the risk to yourself / your investors and caveat emptor if you go through with the purchase.

 

[wingy]

Are you saying that the only active supporters of this club are those 1/30th that toady down to sixfields every 'home' game. Have you seen our away support? MK, wolves, port vale, Shrewsbury, all eclipsed the 'home' gate.
That well and truly puts your 1/30th argument right down the shitter.
If a Coventry fan travels to every away game and stays away from sixfingers, then that makes them just as much an active supporter of the club. In fact more so. You are clearly a SISU arse licker who either enjoys being a troll or is clearly off to where the trams never run.

I'm amazed he even new the Blitz happened here.

 

[AndreasB]

Are you saying that the only active supporters of this club are those 1/30th that toady down to sixfields every 'home' game. Have you seen our away support? MK, wolves, port vale, Shrewsbury, all eclipsed the 'home' gate.
That well and truly puts your 1/30th argument right down the shitter.
If a Coventry fan travels to every away game and stays away from sixfingers, then that makes them just as much an active supporter of the club. In fact more so. You are clearly a SISU arse licker who either enjoys being a troll or is clearly off to where the trams never run.

Average support of no more than 11,000 people in a City of 330,000 - one thirtieth. You can get all hot and bothered about it and point to a couple of away games but our average support before this fiasco is no more than that. We are just not really a football town. Thanks for calling me a Sisu arse licker though. Dont be so cross.

 

[AndreasB]

I'm amazed he even new the Blitz happened here.

We all held hands with our chests puffed out with pride and softly sang the song of our fathers - SISU OUT SISU OUT

 

[Rusty Trombone]

I'm reading a book at the moment and in it it says that the first thing you do before buying a business is due diligence. Would you buy a house which is probably the most expensive thing you will buy without a survey?

If you don't do DD then as far as I can see you're not minimising the risk to yourself and caveat emptor if you go through with the purchase.

Haven't you finished that book yet?

 

[James Smith]

Haven't you finished that book yet?

Almost although have been away for two days and didn't pack it :facepalm:

 

[letsallsingtogether]

Yes but sisu took over where Hitler failed.

I'm amazed he even new the Blitz happened here.

 

[Jack Griffin]

How could sisu do due dillegence - they bought the club at virtually 5 minutes notice!

LOL. that is a classic

 

[Deleted member 5849]

/waits to see how long before someone claims Ian Hislop has been bought off with a pint and a poncy seat at Sixfields:thinking about:

 

[skybluetony176]

And to be fair Private Eye have written 3 articles now - 2 critical of SISU and this one critical of council/ACL...perhaps somewhere in the middle the truth resides.

so you're admitting sisu are 66.666666% to blame for the whole shitty mess, sounds like you're starting to come around to the majorities opinion.

 

[skybluetony176]

How could sisu do due dillegence - they bought the club at virtually 5 minutes notice!

so you're admitting sisu are incompetent. i would be careful if i was you grendull, they've sent lawyers letters for less.

 

[JimmyHillsbeard]

Today's is the fourth article about our club. The first two were critical of the owners and in the "in the back" section, the last two have been critical of the landlords and have been in the "rotten boroughs" section.

 

[Jack Griffin]

Today's is the fourth article about our club. The first two were critical of the owners and in the "in the back" section, the last two have been critical of the landlords and have been in the "rotten boroughs" section.

CCC are not the landlords.. that are just another council that needs scrutiny like all the others.

 

[Sky Blues]

So do you know more?

I'm not even sure what's being implied here, or even what's being said.

I have no idea who highlighted this to Private Eye, but the article says "the stadium's actual value being estimated at something like one-third of that" £14million mortgage. That means whoever came up with that estimate thinks the Ricoh is worth about £5million or less. We know the council's worst case scenario suggested the mortgage was worth £6.4million. :thinking about:

Coincidentally, we also know that Sisu valued the Ricoh earlier this year at "certainly less than £5m and arguably closer to zero"...

 

[shmmeee]

What I think is being implied is that the three people mentioned signed something saying that they didn't fully understand what they were signing up to when agreeing to the Ricoh deal. That's one interpretation of it another is that they were just covering their asses using those phrases mentioned and as one of them was a lawyer that's not implausible either.

Yeah but is there any implication they signed up to something bad because of that?

 

[RoboCCFC90]

"The Judicial Review, if it goes ahead, should prove most interesting" - If this is a warranted comment then it defends the need for answers on both sides.

The JR when it goes ahead will provide a lot of answers hopefully and the fans may have more of the true facts.


Sent from my iPhone using Tapatalk

 

[skybluelee]

And to be fair Private Eye have written 3 articles now - 2 critical of SISU and this one critical of council/ACL...perhaps somewhere in the middle the truth resides.

Yes Andrea, you keep convincing yourself of that, I'm sure it makes it easier for you to justify your trips to Shitfields.

 

[James Smith]

Yeah but is there any implication they signed up to something bad because of that?

I haven't seen the documents concerned and am not a lawyer so no idea - sorry.

 

[mattylad]

No mention on here or from the Trust bedwetters on the interesting article in todays Private Eye about Coventry City. Ugandan politics alleged by our beloved Council and Directors.

funny that

i know comedy is often dry but i see nothing funny here??

 

[ecky]

I think its the patronising and wild assumption that the "people of coventry" are some sort of unified, working class heroes, ready to invoke the Blitz spirit any time their precious football club (active supporters circa 1/30th of the city population) is in the shit. Thats all.

You got it in one... Well done, hitler couldnt do it neither will sisu

 

[bigfatronssba]

Hilarious that Robinson didn't know what he was signing. What a baffoon that man really was.

Maybe we should have protested more at the time and had the twat out?

Either way, this article proves we cannot trust any so called educated person in charge of our club.

 

[Jack Griffin]

I have no idea who highlighted this to Private Eye, but the article says "the stadium's actual value being estimated at something like one-third of that" £14million mortgage. That means whoever came up with that estimate thinks the Ricoh is worth about £5million or less. We know the council's worst case scenario suggested the mortgage was worth £6.4million. :thinking about:

Coincidentally, we also know that Sisu valued the Ricoh earlier this year at "certainly less than £5m and arguably closer to zero"...

Swallowed hook line & sinker!

 

[oscillatewildly]

As the muddy waters continue to get ever muddier, experts predict that they will eventually become 'solid'. So solid in fact that they will become suitable for use as a foundation to build a brand new stadium. However, the experts cannot give the exact location of the aforementioned muddy waters. Hope this helps.

 

[dongonzalos]

So when SISU bought what had already been signed up to, did they not know what they were signing up to and it took them 3 years to realise?

it like one of these public enquiries of missed opportunities?

 

[dongonzalos]

So when SISU bought what had already been signed up to, did they not know what they were signing up to and it took them 3 years to realise?

it like one of these public enquiries of missed opportunities?

Alternatively maybe that deal was not the complete downfall of the world and it was possible to make a success of the club despite that deal.

 

[SkyBlueCharlie]

Cut the I'm a bigger fan and post the article

Can we cut out all of the F**** etc ?

 

[shmmeee]

I haven't seen the documents concerned and am not a lawyer so no idea - sorry.

Just reads like shit stirring to me. Someone's found an old document lying about and is trying to make something. Surely if you're going to leak something it'd be the smoking gun?

 

[oscillatewildly]

You got it in one... Well done, hitler couldnt do it neither will sisu

I think you've misinterpreted the context of his post. Unless I've misinterpreted yours....