Waggot (12 Viewers)
- Thread starter The lost fan
- Start date
stupot07
Well-Known Member
Due diligence is due diligence, but I still don't see how they could renegotiate a contract that had nothing to do with them.
Their incompetency is not dealing with it as soon as they competed takeover.
They have made a mess of it, but aside from the PR/fan relations no more of a mess than those here before them.
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blueflint
Well-Known Member
what happened to the other parts of my question
dongonzalos
Well-Known Member
And most of them are part of the reason we're in this crap now. We signed too many players we couldn't afford in wages we couldn't afford with money we didn't have.
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It's all relative at times
Let the juke go for 750k lose 5 million
dongonzalos
Well-Known Member
I think you're over egging their worth. By your first suggestion we should have paid £1-1.4m for Leon last season...
It's like the danny fox £1.5m scenario.
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Was Leon not a free transfer?
dongonzalos
Well-Known Member
I think you're over egging their worth. By your first suggestion we should have paid £1-1.4m for Leon last season...
It's like the danny fox £1.5m scenario.
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Please explain the Danny fox scenario?
No future with SISU
New Member
You can only appoint the preferred administrator if you put the club into "admin" yourself and as SISU put their administrator in charge, they are the ones who put us in admin and then liquidation. If the council had put us in admin and put their administrator in charge the outcome would have been different.
mark82
Super Moderator
What a dick.
Astute
Well-Known Member
Which is what most of us agree with. Has been a few seasons since we did so though. And we would be in serious trouble right now if so many youth players hadn't come through and done so well this season.
stupot07
Well-Known Member
Fans quote a news article saying he left for £1.5m meaning we got a big profit for him, when he in fact left for a mere £700k giving us a £225k profit after paying Walsall their 25% sell on fee (as shown by leaked official documents).
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dongonzalos
Well-Known Member
Fans quote a news article saying he left for £1.5m meaning we got a big profit for him, when he in fact left for a mere £700k giving us a £225k profit after paying Walsall their 25% sell on fee (as shown by leaked official documents).
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So will undervalued him as well as many others?
dongonzalos
Well-Known Member
Selling your top scorer in January, when he is not demanding to go and not for a phenomenal amount of money.
To me did not help our cause.
To me did not help our cause.
stupot07
Well-Known Member
No, that was his value, that's what someone was prepared to pay. Fans base their valuations on the handful of 'big' signings where their fees get released the vast majority are undisclosed so papers just speculate.
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italiahorse
Well-Known Member
skybluetony176
Well-Known Member
The population is 316k, and not all are rate payers. And if you believe there is only 10k ccfc fans I don't know why you have a problem with a 12k stadium......
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CCFC fans don't all live in Coventry, or indeed were born in Coventry. Me for 1.
Just to add, the problem with a 12K stadium is that it shows the owners ambition for the club. i doubt it matches any fans whether they be in the 10K average gate of last season or any that have been staying away long before the move, remember when SISU took over the average gates were around 20K so 12K is never going to mean they are interested in rebuilding the club.
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bigfatronssba
Well-Known Member
I never said they did. In fact I have been quite vocal on this, when everyone's banging on about cov residents having no team, etc.
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Simple fact is though Coventry Council are there to only act upon the wishes of those within the city.
What some city fan in Rugby thinks is irrelevant.
Those outside the city have no right to pressure/persuade the council either way.
The council should and will only do what is right for the people of Coventry. Not for city fans spread across Warwickshire.
dongonzalos
Well-Known Member
No, that was his value, that's what someone was prepared to pay. Fans base their valuations on the handful of 'big' signings where their fees get released the vast majority are undisclosed so papers just speculate.
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It is also what we were prepared to accept.
I understand selling players on for a profit. He came to us a step higher up and excelled. If he were to be sold it should have been for a decent profit.
dongonzalos
Well-Known Member
Was jukes transfer fee ever confirmed?
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Probably not SISU do not tend to give us facts.
I think it was speculated at 700-750k
It was probably less.
In theory though for me it was minus 4 million
Sky Blue Kid
Well-Known Member
@ Moff............I think you ought to take a look at Grenduffy's spelling mate. It's awful, and so is his conception of Facts that are Estimated.
johnwillomagic
Well-Known Member
Jukes five million!!! ha ha ha stop it Dongonzales you're killing me!!! Where did you pluck this fee from.....he's hardly set the world alight at Boro has he??? :facepalm:
stupot07
Well-Known Member
Ofcourse they will but people are presuming that not selling the Ricoh is more important to the people of Coventry than CCFC playing in Coventry - we don't know what the short, medium or long term economic and commercial/tourism benefits are. We're also guessing what market value is. No one knows.
Les Reid's suggestion of a local economic impact survey is a good one, as is getting a couple of valuations done on the Ricoh.
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Broken Hearted Sky Blue
Well-Known Member
Ofcourse they will but people are presuming that not selling the Ricoh is more important to the people of Coventry than CCFC playing in Coventry - we don't know what the short, medium or long term economic and commercial/tourism benefits are. We're also guessing what market value is. No one knows.
Les Reid's suggestion of a local economic impact survey is a good one, as is getting a couple of valuations done on the Ricoh.
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Talking of Les is he still around?
stupot07
Well-Known Member
Bbc suggested £1.3m. http://www.bbc.co.uk/sport/0/football/14730037
But like fox's is probably overestimated
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Does it really matter? At the end of the day sisu have sold or let every decent players contracts run down since they've been here.
If they went for less than people thought then doesn't that just show how pathetically inept sisu are?
Even if some of them warm the bench for certain teams then so what,theyve gone on to bigger and better things when all we're left with is a midtable 3rd division team playing in another town all because sisu sell sell sell.
If they went for less than people thought then doesn't that just show how pathetically inept sisu are?
Even if some of them warm the bench for certain teams then so what,theyve gone on to bigger and better things when all we're left with is a midtable 3rd division team playing in another town all because sisu sell sell sell.
Mary_Mungo_Midge
Well-Known Member
Due diligence is due diligence, but I still don't see how they could renegotiate a contract that had nothing to do with them.
Their incompetency is not dealing with it as soon as they competed takeover.
They have made a mess of it, but aside from the PR/fan relations no more of a mess than those here before them.
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Okay. Lets deal with this. When a company buys a business, the due diligence element is when they scrutinise the totality of the transaction as thereafter all responsibilities fall on the new owners. Be that assets, liabilities, incomes and contracts - either those that bring cash into the business, or those such as the Ricoh rent. You cannot disassociate the new owners from the contracts of the old; unless they are expressly renegotiated or nullified by negotiation during the takeover.
To complete due diligence and claim thereafter that a business who's model hasn't changed is untenable seems to me unforgivable. And please don't cite relegation, as we were closer to the drop zone than promotion at the time of purchase, and this possibility should have been factored into the due diligence process.
Now, also bear in mind the trouble the previous administration had got the club into; with the stadium effectively sold and then long leased out to a limited company; who in turn contracted out revenue streams to companies such as Kompass, you can see how critical the timing of SISUs take over was. It is often said they saved us fromadministration, but from a business perspective, we needed administration to break the mould of a model that wasn't working.
Instead, five years down the line, and we're much, much worse off; and to make good that which should have been made good five years ago, they're using a jack hammer to crack a nut; and are playing with the very existence of our club to do so
stupot07
Well-Known Member
But we've always sold our better players.
Anyway my point was that us fans get blinded by the handful of PL big transfer fees and then over estimate how much our players are actually worth.
Plus a lot of deals when they figures are released include the projected wages for lifetime of the contract, signing on fee, performance related add ons and agents fees.
I seem to remember that Juke signed on a £1m deal, but when we sold him the CET said we'd only paid £300k for him.
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