sisu are not good for our club - well someone's got to say it! (6 Viewers)

[MichaelCCFC]

Latest kcic mailout is





With safety guaranteed we can breathe a sigh of relief and congratulate Steven Pressley and the team who against the odds have avoided relegation and along the way provided some real highlights this season – Moussa’s spectacular late, late equaliser at Preston being a personal favourite.

With safety guaranteed it’s also time for kcic to speak out, having listened very carefully to what the majority of fans are saying.


sisu Are Not Good For Our Club - well someone's got to say it!

• sisu’s priority is its own profits, not the team and fans
• CCFC is a worthless asset, saddled with millions of pounds of debt owed to the sisu family of companies
• No one has a right to a return on their investment - the value of investments can go down as well as up

A Positive Future

• Amidst the doom and gloom we have to be clear what we want: success on the pitch, financial stability off it and the interests of the team and fans to come first
• sisu can never deliver that positive vision because their priority is their own profit
• We would be better off owning the Ricoh but sisu cannot be trusted to act in the best interests of the team and fans
• There is no guarantee that another rich owner would be any better than sisu or all the others we have had for the best part of 20 years
• The only people who can be trusted to put the interests of the team and fans first are CCFC supporters

sisu Need To

• Move on to investments where they might make some money
• Write off CCFC as a bad investment and unsaleable
• Hand CCFC over to the fans and write off debts owed to the sisu family of companies (and remember to do proper due diligence in future!) – fans setting up a Community Interest Company is dead easy

We Can Then

• Work with co-investors who share our vision of success on the pitch, financial stability off it and the team and fans as the priorities
• Return us immediately to the Ricoh on the basis of the last offer made by acl (and God help them if they tried to stand in the way of a fan-led ownership team)
• Take as long as is needed to hammer out a long-term deal on the Ricoh that serves the interests of our Club and doesn’t rip off council tax payers

So let’s...

• Fight for our Club
• Fight for a better future
• Fight to be pro team and pro fan, not be pro sisu/acl

And make our voice heard loud and clear in saying:

Suck It Up Sisu. You made a bad investment, you have no right to a return on it – give us back our Club and move on!


PUSB!


Michael


PS - in response to recent questions about kcic’s position:

kcic has spent a lot of time listening to fans and we are confident that

• Saying acl have questions to answer but sisu are primarily responsible for moving us to NTFC is the mainstream, majority view
• Saying we would be better off owning the Ricoh but sisu cannot be trusted, is the mainstream, majority view
• Saying sisu are not good for our club, is the mainstream, majority view
• The people at the extremes are those who are only interested in being pro acl/sisu (is anyone really going to try to argue that kcic's petition calling to account all parties and selling t-shirts which say 'Keep Cov in Cov' is militant and extremist?)

Also,

• Some people don’t agree with the kcic approach but the onus is on them to explain why they believe sisu are good for our Club or why they are pro acl and what is their suggestion for a better, realistic, feasible way of building a positive future that puts the team and fans first
• People claiming to be in talks with all parties when they’re not, and saying there’s a deal to be done when the parties are involved in legal battles not negotiations, is just sitting on the fence watching our club slowly die and fanbase drift away
• Repeating the same points endlessly, arguing over and over about who’s to blame and pursuing a hundred and one red herrings has got us absolutely nowhere and it’s time to stop
• The Spurs fan standing as a candidate in the local elections is nothing to do with kcic - it is at best an unhelpful distraction
• Portsmouth is now run with a fan-led ownership model so the kcic approach is feasible
• The kcic approach can’t be dismissed by people who say sisu will do what they want – campaigning is all about persuading people to change their mind and we’ve got to make clear to sisu what the reality is and they have no right to a return on their bad investment. Giving us our Club back might even repair some of sisu’s reputational loss!

 

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[steveo1987]

Hilarious stuff. Impartiality has go e out of the window.

 

[lordsummerisle]

You're right Michael, somebody has to say it, and surprised nobody mentioned it before now.

You've gone back to mentalist mode from the looks of it.

 

[Godiva]

• No one has a right to a return on their investment - the value of investments can go down as well as up

Except Higgs and CCC - they have a divine right to get a return on their investment.

 

[Grendel]

I dispair. It looks like some kind of nonsense Spoinkop Ron or Tony would write.

Its embarrasing.

 

[Nick]

Seriously, weren't you harping on about people shouldn't be pro / anti sisu / acl etc?

Has somebody hacked your account? It seems every other newsletter says something totally different?

Pretty glad I unsubscribed (even though I didn't actually subscribe, which was a bit naughty)

You want SISU to hand the club over to fans, for nothing. Why are you not hounding the council to hand over the Ricoh to fans, instead still willing to rent?

I mean no disrespect by this as all the work you do is commendable, but do you need a rest?

 

[limoncello]

Jesus Christ. This is just depressing.

 

[covmark]

Suck it up sisu haha.
Truly bizarre

 

[rondog1973]

Spot on Michael. If ever proof were needed, look no further than the clique of usual suspects slagging it off.

 

[covmark]

Spot on Michael. If ever proof were needed, look no further than the clique of usual suspects slagging it off.

On the contrary, if ever proof were needed it was crap ,look no further you've given it your approval.

 

[bigfatronssba]

Well said Michael.

It seems you've already had some replies from the extremists.

 

[Broken Hearted Sky Blue]

Michael you are so wrong my friend

Sisu only care about the club and fans
CCFC is worth billions
The value of investments never go down.

Where do you get your ideas from:facepalm:

 

[Nick]

Well said Michael.

It seems you've already had some replies from the extremists.

Extremists?

Are they the ones lurking outside offices with wonky garden tables?

 

[blueflint]

Spot on Michael. If ever proof were needed, look no further than the clique of usual suspects slagging it off.

agree there nick. grendel etc

 

[bigfatronssba]

Hilarious stuff. Impartiality has go e out of the window.

Why should he be impartial?

 

[covmark]

Why should he be impartial?

Because he says he is?

 

[rondog1973]

On the contrary, if ever proof were needed it was crap ,look no further you've given it your approval.

Take it as a compliment nomark.

 

[stupot07]

No fan or team has the right to expect someone(s) (preferably a oil billionaire) to just give/gift aid/ the club (a worthless asset) money year in year out just so we can watch good players play good football


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[bigfatronssba]

Extremists?

Are they the ones lurking outside offices with wonky garden tables?

So do you disagree with the statement "Sisu are not good for this club"?

To half quote JS "Every political, economic and sports pundit agrees that Coventry City have unfit owners".

 

[mrbluesky87]

Well said Michael.

It seems you've already had some replies from the extremists.

Here, here. The same people with the same responses yet without meat on the bone. I wonder if majority of those that disagree with Michael go to Northampton i.e. we don't care as long as we get to watch football?

 

[bigfatronssba]

Because he says he is?

Where?

He just claims to be pro CCFC, and everyone is in agreement that the best thing that could happen to CCFC is to get rid of Sisu. Therefore he is consistent with his pro ccfc stance.

Even Sixfielders claim to "hate" sisu, so surely this KCIC statement is something we can all agree on?

 

[Nick]

So do you disagree with the statement "Sisu are not good for this club"?

To half quote JS "Every political, economic and sports pundit agrees that Coventry City have unfit owners".

What are you talking about? Try and find me a post where I have said they are good for the club?

I disagree with the pointless, insane rants that are sometimes posted when I know that Michael does work really hard so it sort of seems to ruin all of the hard work and damage that.

 

[stupot07]

Here, here. The same people with the same responses yet without meat on the bone. I wonder if majority of those that disagree with Michael go to Northampton i.e. we don't care as long as we get to watch football?

Ah, you mean the hillers?


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[Broken Hearted Sky Blue]

Ah, you mean the hillers?


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No he means away fans.

 

[bigfatronssba]

What are you talking about? Try and find me a post where I have said they are good for the club?

I disagree with the pointless, insane rants that are sometimes posted when I know that Michael does work really hard so it sort of seems to ruin all of the hard work and damage that.

Then at least give the man the reason as to what part of his post you disagree with, rather than just dismissing all of it like he is some kind of moron.

Also if you don't think sisu are good for the club, what is there in his post you disagree with?

 

[Nick]

Because, if you question Michael it doesn't get taken well. I have in the past spent a lot of time writing reasoned replies but given up now but you are right, it was unfair so here we go....

sisu Are Not Good For Our Club - well someone's got to say it!

• sisu’s priority is its own profits, not the team and fans - of course, the same as 99% of other football owners
• CCFC is a worthless asset, saddled with millions of pounds of debt owed to the sisu family of companies
• No one has a right to a return on their investment - the value of investments can go down as well as up - The same as the Higgs / ACL then?

A Positive Future

• Amidst the doom and gloom we have to be clear what we want: success on the pitch, financial stability off it and the interests of the team and fans to come first - I think most agree
• sisu can never deliver that positive vision because their priority is their own profit - Surely to make a profit they need to be stable with success on the pitch?
• We would be better off owning the Ricoh but sisu cannot be trusted to act in the best interests of the team and fans - So why not hound the council to hand the ricoh over to the fans so they can decide on the rental agreement for the club?
• There is no guarantee that another rich owner would be any better than sisu or all the others we have had for the best part of 20 years
• The only people who can be trusted to put the interests of the team and fans first are CCFC supporters - I agree they might, but also argue that people like Joe Elliott who are fans haven't done well in the past, have they?

sisu Need To

• Move on to investments where they might make some money - they probably have those too? I doubt they are 100% focusing on CCFC
• Write off CCFC as a bad investment and unsaleable - Wont ever happen.
• Hand CCFC over to the fans and write off debts owed to the sisu family of companies (and remember to do proper due diligence in future!) – fans setting up a Community Interest Company is dead easy - Why should / would they? There is outrage when people say about SISU trying to get things for free?

We Can Then

• Work with co-investors who share our vision of success on the pitch, financial stability off it and the team and fans as the priorities - Have you got any co investors?
• Return us immediately to the Ricoh on the basis of the last offer made by acl (and God help them if they tried to stand in the way of a fan-led ownership team) - Why arent you hounding ACL or the council to hand over the Ricoh also to the fan owned club?
• Take as long as is needed to hammer out a long-term deal on the Ricoh that serves the interests of our Club and doesn’t rip off council tax payers - How are council tax owners being ripped off?

So let’s...

• Fight for our Club
• Fight for a better future
• Fight to be pro team and pro fan, not be pro sisu/acl

At the end of the day, we can't even get 20,000 fans to sign a petition, there is no way they could fund the running of the club is there?

 

[skybluetony176]

I dispair. It looks like some kind of nonsense Spoinkop Ron or Tony would write.

Its embarrasing.

Sorry to disappoint you but it was nothing to do with me.

I don't believe saddling the club with a load of debt that will cost the club considerably more in yearly interest charges than any ever suggested rent deal. Thats madness, hence my renting vs ownership thread. The one you haven't posted an argument on so I guess you agree.

Aside from that, Michael about sums it up for me.

 

[Astute]

No fan or team has the right to expect someone(s) (preferably a oil billionaire) to just give/gift aid/ the club (a worthless asset) money year in year out just so we can watch good players play good football

No hedge fund has the right to expect someone (a local charity and local council) to just give/let go for well under value an arena that is much more than a football stadium to the hedge fund (a dodgy set up it could be said) so they can make their investors money and not go to the football club.

 

[Bennets Afro]

Astute, I'm curious. How much do you think:
A - the Ricoh is worth?
B - ACL Is worth?

 

[stupot07]

Astute, I'm curious. How much do you think:
A - the Ricoh is worth?
B - ACL Is worth?

That's the million dollar question, as Simon Gilbert alluded to on another thread earlier, no one knows how much it's worth.


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[ccfc92]

Ah, the usual tit for tat sunday thread. And the amigos jump to SISU's aid.

 

[stupot07]

How will the fan ownership cover losses of being at the Ricoh or any other ground?

Who are these co-investors, what do they get for investing money? How much will they invest?


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[ccfc92]

How will the fan ownership cover losses of being at the Ricoh or any other ground?

Who are these co-investors, what do they get for investing money? How much will they invest?


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to be fair, say sisu "handed CCFC" to the fans, surely we could then hand it to someone with money?

 

[stupot07]

to be fair, say sisu "handed CCFC" to the fans, surely we could then hand it to someone with money?

Whilst I don't disagree the aim of this bailout seems to me to be specifically about fan ownership not jus another owner per se.


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[Astute]

Astute, I'm curious. How much do you think:
A - the Ricoh is worth?
B - ACL Is worth?

That would be like asking how much CCFC is worth, although CCFC's worth will be negative with all the debt it is in and running at a loss of millions a year because the club has been taken away from it's supporters.

Something is only worth as much as it can be sold for. It's value isn't just what one person/company/hedge fund would say it is worth. And the Ricoh and ACL are worth more than SISU would ever pay if that is what you are aiming at. They have wasted many millions trying to get a few millions knocked off the price. And it isn't over yet.