lewys33
Well-Known Member
It is embarassing. Embarassing that offers like this even have to be made.
Kcic front bid to buy club (52 Viewers)
- Thread starter Nick
- Start date
It is embarassing. Embarassing that offers like this even have to be made.
rupert_bear
Well-Known Member
First lets get one thing straight, there is no chance of SISU distressing ACL, that idea has gone for ever. Whatever the outcome of this JR if needs be others will come and rescue or prop up ACL. Second this is all about timing. The big players in this have yet to be identified imo. SISU have a choice, carry on regardless and take the inevitable financial hit or negotiate a deal that gives them some return eventually. I was told the other day that SISU cannot get anyone to the table for investment with the football club and apparently they have tried for months, nobody will talk seriously to them, their reputation in the business world not just the football club one is shite. Certain they want out and this could be a way of what could be a long road back, there is no way back while we are at Northampton. As I said earlier there is a long road ahead to negotiate to get somewhere near to where we want to be and hopefully this is an opening shot in that trip. The alternative is the end of a football club/team called Coventry City and that moment isn't too far away imo.
Nick
Administrator
I didn't say it wasn't did I? I'm not the one going on about how the club won't have to pay rent and it is rent free when they clearly will (note that I by no means think the club should play anywhere without paying their way)
lewys33
Well-Known Member
Let's remember this was with the original deal in place ...........
Nick
Administrator
I even put it in bold for you but it was obviously lost.
Grendel
Well-Known Member
There is no offer.
The bottom line is that the KCIC proposal is a far better deal for Sisu than Northampton. Nobody can argue with that. Even the few on here who try to.
Sisu would be insane to turn it down. There seem to be one or two on here advocating that Sisu get it rent free, totally, utterly. Unbelievable (Jeff).
Try telling your mortgage company or landlord you intend to not pay - see how far you get.
Sisu would be insane to turn it down. There seem to be one or two on here advocating that Sisu get it rent free, totally, utterly. Unbelievable (Jeff).
Try telling your mortgage company or landlord you intend to not pay - see how far you get.
lewys33
Well-Known Member
I would suggest this is the easy part wouldn't you?
torchomatic
Well-Known Member
We (the Club) will never own it's own stadium whether it's SISU or anyone else.
J
Jack Griffin
Guest
Of course they have.. idiot.
lewys33
Well-Known Member
Is that a fact?
fernandopartridge
Well-Known Member
Why?
lewys33
Well-Known Member
So we should accept the groundshare as the only viable option currently?
Grendel
Well-Known Member
Really, what's the "real" offer then?
Forget the rent offer - I, and I suspect most other fans want SISU gone.
They have been made an offer for the club (which is one more offer than they have ever made for the Ricoh), so why not accept it or show the council how to do things by getting the club valued and making the valuation public?
They have been made an offer for the club (which is one more offer than they have ever made for the Ricoh), so why not accept it or show the council how to do things by getting the club valued and making the valuation public?
Nick
Administrator
I totally agree, get a valuation for the club and ACL and then somebody can buy both and bring them together! That is the ideal outcome I think.
fernandopartridge
Well-Known Member
indeed. What level of rent are KCIC going to pay ACL?
lewys33
Well-Known Member
The offer is basically "KCIC" pay rent unless the crowd is over 5000. Obviously there is no "real" offer yet because currently the full details haven't been discussed. I guess it is down to SISU to see if they want to explore this "real" offer you speak off.
No future with SISU
New Member
SISU will want back the first amount they put into the club ( I think it was £8m to £10m) and then sell the debt, it could be 10p in the pound or higher.
J
Jack Griffin
Guest
This will be contender for the most unpopular post today, but this was my immediate reaction on reading the offer and this thread:
'Hmmm - I wonder if someone has now read the judge's preliminary ruling and set in motion a new plan to confuse the situation and put pressure on FL?'
'Hmmm - I wonder if someone has now read the judge's preliminary ruling and set in motion a new plan to confuse the situation and put pressure on FL?'
chiefdave
Well-Known Member
That's good for SISU isn't it? Imagine the outcry if ML is on CWR this afternoon saying this is fantastic, we're happy to accept and then ACL turn round and say they won't do it.
Win, win really for them, either ACL accept and we're back at the Ricoh making more money or ACL refuse and its great PR for SISU, would get the fans on their side and against ACL.
Skyblueweeman
Well-Known Member
It's this sort of 'bury your head in the sand' mentality that's got us into this mess. They're f*&king genuine questions...what is your problem?! It's not throwing a spanner in any works, it's merely asking logical bloody questions...
WM
lewys33
Well-Known Member
The bit with the 5,000 may be the downfall, but we will see.
Interesting to think about the potential merchandise increase, and sponsorship as well.
fernandopartridge
Well-Known Member
The council didn't make the valuation of ACL public. Why was that?
Kingokings204
Well-Known Member
Andy turner has really put pressure on sisu here. Great article.
rupert_bear
Well-Known Member
Do any of you seriously expect these behind this to negotiate and put details of rent etc on here. I suspect a lot of water has gone under the bridge on this one and KCIC are awaiting a response from sisu, a clever move if you think about it. If sisu are negative what will fans think especially those who go to Sixfields, will they renew their season tickets, will those who go still do so, those who don't won't, this has put sisu a little bit behind the black ball I think.
lordsummerisle
Well-Known Member
Wouldn't it be a genuinely "rent and matchday costs free" offer if there was no charge for the under 5000 crowds, but then the KCIC group picked up all the costs and rent for any crowds over 5000?
Got a feeling that this offer as it stands is the wriong way round?
chiefdave
Well-Known Member
The club is worth the proverbial £1 as an amount has to change hands for the change of ownership to take place. No one would put any value on us, we're losing a fortune and have alienated the majority of our fanbase. Pretty much the only asset we have left is Ryton and the value of that is dwarfed by our debts. For a serious takeover attempt I think you would need access to all the books, which SISU may or may not allow, to see how much is real terms SISU have put in. I would be amazed if it is as much as they claim. Once you have that figure you make them a p in the £ offer to walk away and cancel the debt. You can't put a value on that as it's really down to how much SISU will accept.
Kingokings204
Well-Known Member
There is a poll of the CT website about should sisu accept the offer? Some have said no. 16%atm
What utter arseholes. I lose faith when I see this. Mindless thugs.
What utter arseholes. I lose faith when I see this. Mindless thugs.
lewys33
Well-Known Member
It is a little confusing, obviously it would be a lot clearer if it was completely free!
lewys33
Well-Known Member
lordsummerisle
Well-Known Member
I know, 84% can't do basic arithmetic, really makes my blood boil.
Blame the teachers myself.