Yep, a new slate through a proper admin process would be the most ideal route, but that's not going to happen. We're probably stuck with these c***s until the legals are completely exhausted.Rock and a hard place. Paying a £7m severance fee when that could be spent on improving the club against getting rid at any cost. Difficult one really, hard to say what is genuinely best for the club's long term future.
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All depends on whether they've only got 7 millionRock and a hard place. Paying a £7m severance fee when that could be spent on improving the club against getting rid at any cost. Difficult one really, hard to say what is genuinely best for the club's long term future.
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But then we all surely agree they are never going to win the legals.
On the surface this seems a very decent offer.
Read the article it answers a lot of your questions.
Really is that why they have been talking over the last couple of months.Think Ifbit was anyone else they would get in but there’s something about Hoffman that makes sisu not want to deal with him.... and now maybe we are seeing bids rejected out of spite as in there eyes they don’t need to sell... maybe a change of approach is needed and another investor leads the take over rather than Gary!
I did to be honest and I am still not sure of the wording.
If it is 7 million and Ryton stays with SISU. Then I am intrigued who has the extra cash and even more intrigued as to why SISU said no.
If it’s is 7 million and new owners get Ryton. Then I get it as that’s where the new 5 million comes from and basically what is offered to SISU is 20 million if the club becomes a success.
I think they should take it as they have proved every year for ten years that they have no idea how to run a football club.
There is only one way they can ever recoup their money and they won’t go there.
However it’s their call they think the cost neutral legal route is the way.
So that’s that till the legal action ends and they just wasted a load of time and money.
If you look at any of the threads about a takeover’ the same people come on every time to belittle the bid or the people making it. When I saw the thread, I could name the posters who would appear. Hoffman is obviously respected in financial and government circles but gets nothing but ridicule from a certain few on here. Yet he is a fan, he obviously wants what is best for the club. The same bunch will all say they despise Sisu but spend their time attacking the CT and groups like the Trust and The Jimmy Hill Way rather than our despicable owners. It would seem they prefer Sisu to someone who loves the club and has professed that he and his team would not expect their money back. Whenever anyone attacks Sisu, you just know they will pop up. No doubt this post will stir the hornets nest a bit more but hey ho. It is this bunch who are out of step. The vast majority of City fans want Sisu gone and would accept Hoffman with open arms. Said my piece, I won’t become embroiled in endless, pointless arguments.
Very well put.If you look at any of the threads about a takeover’ the same people come on every time to belittle the bid or the people making it. When I saw the thread, I could name the posters who would appear. Hoffman is obviously respected in financial and government circles but gets nothing but ridicule from a certain few on here. Yet he is a fan, he obviously wants what is best for the club. The same bunch will all say they despise Sisu but spend their time attacking the CT and groups like the Trust and The Jimmy Hill Way rather than our despicable owners. It would seem they prefer Sisu to someone who loves the club and has professed that he and his team would not expect their money back. Whenever anyone attacks Sisu, you just know they will pop up. No doubt this post will stir the hornets nest a bit more but hey ho. It is this bunch who are out of step. The vast majority of City fans want Sisu gone and would accept Hoffman with open arms. Said my piece, I won’t become embroiled in endless, pointless arguments.
Rock and a hard place. Paying a £7m severance fee when that could be spent on improving the club against getting rid at any cost. Difficult one really, hard to say what is genuinely best for the club's long term future.
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Read it again more carefully, you've got it wrong.
Not sure how’s I have got it wrong. When I am telling you I don’t understand which of the the two options the offer is, having read the article 3 times.
Instead of telling me I am wrong why don’t you just actually help me out and tell me which it is.
7 million and the new owners get Ryton or
7 million and SISU keep Ryton?
Breaking: New £20million bid to buy Coventry City FC
The third bid involved just over £2million cash up front and allowing Sisu to keep the club’s Ryton training ground to sell for housing.
The fourth bid does not include Ryton, which is understood to no longer be part of any deal.
Seems crystal clear to me.
So why do the lecherous shits keep hanging on then whilst the club crumbles away like old damp brickwork ?! Where are we ? Slipping away towards mid table in the 4th division and a bunch of cunts on here still make excuses for shit owners who cling on and continuously lie to fans !
Way to go to call fellow Cov fans a bunch if c**ts.
No one makes excuses for our owners. No one wants them here. No one.
Wouldn't be the first time we had a bid come in, when nobody is actually sure what it entails...Yeah that’s clear as mud, terrible writing from the CT.
Context suggests it means this bid didn’t include Sisu keeping Ryton, but you can’t blame anyone for not parsing that mangled sentence.
Seems crystal clear to me.
The vast majority of City fans want Sisu gone and would accept Hoffman with open arms.
I think people seem to struggle with that.
It's quite funny because all of the usual things were there about something cranking up, there's even somebody strangely trying to use something I said god knows how long ago about the club needing somebody who wants to buy it before it can be sold (common sense). It was the same with Dale Evans, you say anything and you have the usual frothy mouths like Ashdown and GPE jumping in going on about loving SISU, being paid by SISU etc.
If pointing out the perfect timing, the fact the silly nonsense cranked up just before is defending anybody is defending anybody then they should really explain how. I want new owners to come in, I'm just not going to get excited or take huge amounts of notice because a "source" happens to say something that just happens to be on the day of the 10th year of SISU being here. Also just as it happens certain fans groups and their pals go all out with their Twitter network, certain accounts on here start going into overdrive compared to usual, the telegraph makes a special webpage etc. It's all a massive co-incidence isn't it?
If Hoffman does eventually buy the club, then fair play. I'll still be just as much behind the club as I am now, the same as if Wasps bought it, the council bought it, Mike Ashley bought or Piers Morgan and Katie Hopkins went halves on it. If whoever takes over gives even more reason to be behind the club (which isn't hard) then I'd be even more behind them for things.
If I am so much of a SISU lover, being paid by SISU then why is it when people seem to come on here and other sites and want to try and slate me why don't they back it up a little bit? What's in it for people involved with fans groups to create accounts on here to make things up to try and discredit me rather than just using quotes, facts and my own words if it's that obvious?
Pretty strange really.
ahhh poor nick someone had a go at you
Yeah that’s clear as mud, terrible writing from the CT.
Context suggests it means this bid didn’t include Sisu keeping Ryton, but you can’t blame anyone for not parsing that mangled sentence.
I agree that it is poorly written, but it reads as if..
First bid = Rejected out of hand.
Second bid = £1.2M+SISU keep Ryton+bonuses (up to £10M).
Third bid = £2M cash+SISU keep Ryton+bonuses (up to £20M).
Fourth bid= £7M cash+bonuses (could exceed £20M) and Consortium keeps Ryton.
The pressure is ramping up on SISU. They still have not secured a tenancy for next season.
The pressure is ramping up on SISU. They still have not secured a tenancy for next season.
It's not though is it. Given this is exactly the way all others have played out, it's the act of folly to do the sme thing time and time again. We've surely seen that if Seppala feels pressure, her modus operandi is to retreat and fight, like a tiger backed into a corner, and then she doesn't care what the collateral damage is.The pressure is ramping up on SISU.
“The third bid involved just over £2million cash up front and allowing Sisu to keep the club’s Ryton training ground to sell for housing.Seems crystal clear to me.
Do we know what the consortium's plans for Ryton would be? Would they intend to keep it as the training ground, or pursue their original plan of finding a new training ground (to rent?)... while selling Ryton for housing?Then it would make some sense that the extra 5 million bid this time
could come from no longer letting SISU have Ryton as part of the deal.
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