dongonzalos
Well-Known Member
Red Button: 'Sisu fell down a hole they'd dug themselves, leaving Wasps to canter home as a lone runner'
28 November 2014 12:30 PM Steve Chilton
Former Coventry City chairman John Poynton dismisses Sisu as 'typical hedge fund, throwing money around like confetti in the belief they can walk away with big profit within five years'
Former Coventry City chairman John Poynton, who led the club to its finest hour when the FA Cup was lifted at Wembley, has broken his silence over the dark days since.
The 70-year-old businessman, an avid student of horse-racing, has followed the contenders for the Ricoh Stakes from his Jersey home with increasing despair.
His conclusion is that Sisu fell down a hole they’d dug themselves, leaving Wasps to canter home as a lone runner.
Poynton was ousted in a messy boardroom coup led by wannabe chairman Bryan Richardson who later masterminded the move from Highfield Road to the Ricoh.
A deal which didn’t stack up financially, in Poynton’s opinion, and the club was the biggest loser, never to fully recover.
He revealed that shortly before Sisu came on the scene, he was invited to join a consortium to buy the club, but he wasn’t prepared to take the risk.
He now bankrolls Jersey Rugby Club and with his switch to the oval ball game the rumour mill has it that he’s been invited to invest with the new owners, Wasps.
“I can put that one to bed straightaway. No,” he says, adding that he hasn’t been to the stadium for several years and only considered coming back for the Sky Blues’ “return” against Gillingham because Jersey was playing Moseley the next day.
In the end he didn’t come.
He has little sympathy for Sisu which he dismisses as “typical hedge fund, throwing money around like confetti” in the belief they can walk away with big profit within five years.
“Sisu have been out-manoeuvred. They thought they would get the Ricoh on the cheap but they never had a chance of winning it after losing the High Court case. They must be quite worried about what they are going to do now. They have dug themselves into a hole.
“It’s a shame, there’s a lot of history within the club but it’s been brought into rack and ruin by Sisu and Richardson’s actions in the past.”
He says he was fortunate during his tenure at Highfield to generally have the fans’ support.
“The worst abuse I had was when someone shouted at me ‘Get yer bloody cheque-book out’ when we were losing a match.”
He thinks it may have been against Manchester United...
28 November 2014 12:30 PM Steve Chilton
Former Coventry City chairman John Poynton dismisses Sisu as 'typical hedge fund, throwing money around like confetti in the belief they can walk away with big profit within five years'
Former Coventry City chairman John Poynton, who led the club to its finest hour when the FA Cup was lifted at Wembley, has broken his silence over the dark days since.
The 70-year-old businessman, an avid student of horse-racing, has followed the contenders for the Ricoh Stakes from his Jersey home with increasing despair.
His conclusion is that Sisu fell down a hole they’d dug themselves, leaving Wasps to canter home as a lone runner.
Poynton was ousted in a messy boardroom coup led by wannabe chairman Bryan Richardson who later masterminded the move from Highfield Road to the Ricoh.
A deal which didn’t stack up financially, in Poynton’s opinion, and the club was the biggest loser, never to fully recover.
He revealed that shortly before Sisu came on the scene, he was invited to join a consortium to buy the club, but he wasn’t prepared to take the risk.
He now bankrolls Jersey Rugby Club and with his switch to the oval ball game the rumour mill has it that he’s been invited to invest with the new owners, Wasps.
“I can put that one to bed straightaway. No,” he says, adding that he hasn’t been to the stadium for several years and only considered coming back for the Sky Blues’ “return” against Gillingham because Jersey was playing Moseley the next day.
In the end he didn’t come.
He has little sympathy for Sisu which he dismisses as “typical hedge fund, throwing money around like confetti” in the belief they can walk away with big profit within five years.
“Sisu have been out-manoeuvred. They thought they would get the Ricoh on the cheap but they never had a chance of winning it after losing the High Court case. They must be quite worried about what they are going to do now. They have dug themselves into a hole.
“It’s a shame, there’s a lot of history within the club but it’s been brought into rack and ruin by Sisu and Richardson’s actions in the past.”
He says he was fortunate during his tenure at Highfield to generally have the fans’ support.
“The worst abuse I had was when someone shouted at me ‘Get yer bloody cheque-book out’ when we were losing a match.”
He thinks it may have been against Manchester United...
