4th bid rejected but sisu (1 Viewer)

[bradwellskyblues]

good post irish sisu still have a few courtiers but rest assured they are very few. The vast majority will as you say will welcome gary hoffman with open arms and rightly so, successful people like GH will always have detractors usually driven by envy and jealousy

 

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[fernandopartridge]

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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[stupot07]

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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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.

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[Broken Hearted Sky Blue]

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 million

 

[Lord_Nampil]

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!

 

[dongonzalos]

But then we all surely agree they are never going to win the legals.

On the surface this seems a very decent offer.

We all agree but someone their end is either completely delusional or desperate.

 

[skyblue025]

Not too surprised they rejected it. I think Old Skyblue did a post explaining Shitsu would probably value it around 13 mil if I remember correctly so 7 up front probably not going to interest them. It sounds good rising to 20 mil but that probably kicks in if we get to the Prem. Can't see that happening in the next 20 years.

 

[dongonzalos]

Read the article it answers a lot of your questions.

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.

 

[letsallsingtogether]

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!

Really is that why they have been talking over the last couple of months.
So all has been quiet no one spilling the beans, isn't this the way everyone said it should be done?
Nothing to do with who fronts it, more to do with the one who keeps rejecting it.
We really are doomed

 

[christonabike]

Lets see what happens at the end of the season. If we get no new deal at the Ricoh they are royally fucked and if we dont get promoted lets see how wise this latest rejection is. Bearing in mind if this bid is actually the amount offered. A bad run in the new year and attendances will drop even more and I cant see more than 2500-3k at home next year if we stay.
Time to sit back and let it all play out.

 

[ccfcway]

this thread is about as predictable as a Tim fisher statement

 

[Captain Dart]

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.

Read it again more carefully, you've got it wrong.

 

[chickentikkamasala]

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.

Name them

 

[Captain Dart]

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.

 

[Captain Dart]

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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Here's the thing, if they keep Ryton & unlike SISU have a good relationship with the local Councils and CSF they could very well end up redeveloping Ryton and moving the training facilities and the Academy onto the Higgs centre.

 

[dongonzalos]

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?

 

[Captain Dart]

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?

Seems crystal clear to me.

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.

 

[shmmeee]

Seems crystal clear to me.

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.

 

[Skyblueweeman]

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.

 

[Nick]

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.

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. I've said time and time again any new owner gets a clean slate from me in terms of CCFC and it goes from there.

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.

 

[Deleted member 5849]

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.

Wouldn't be the first time we had a bid come in, when nobody is actually sure what it entails...

 

[Nick]

Seems crystal clear to me.

It isn't that clear.

It wasn't part of the deal in the last offer as they were saying to keep it so surely it didn't involve Ryton then?

 

[blueflint]

just wish SISU would go we may be better off without them a risk I'm prepared to take

 

[Deleted member 5849]

The vast majority of City fans want Sisu gone and would accept Hoffman with open arms.

Much as they did SISU. The day we just accept potential new owners with open arms is the day we repeat the mistakes of the past.

Now... I won't name names here, but I can think of one very respected poster on here who is always doubtful as to the merits of bids that come through from this particular consortium. Personally... I'd like to hear their view on this current one

Blocking people into pigeon holes is exactly why we end up with shite. Sure, there are some who belittle everybody. Sure, there are some who are desperate for hope, sure there are some with doubts. Personally, I find if you consider those with doubts to be worthy of dismissing out of hand, then it's a slippery slope. The middle ground of *most* fans want the owners gone... with the *right deal in place* to give us the best chance we have to not repeat the disasters of the past, because they didn't start just with SISU, after all.

 

[blueflint]

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

 

[Nick]

ahhh poor nick someone had a go at you

Not really too fussed, nice to see you make an appearance again. It's as if somebody co-ordinates the asylum break out or switches the internet on for them to use.

I did like the way you took my post and disproved it / corrected it point by point though. Nice effort.

 

[Deleted member 5849]

Anyway aren't we just repeating the endless cycle of the past? We know how these things play out, so why do we even need a thread on them?

 

[matesx]

"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"

this

 

[Captain Dart]

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 bonus structure is not clear but Hoffman did detail the bonus structure for one of those bids about a month ago on CWR (details not to hand but I think they are in a thread on this site somewhere). So I'm sure you could get a flavour of the deal, I'd imagine some improvements in the deal are delivered by changes to that bonus schedule.

The pressure is ramping up on SISU. They still have not secured a tenancy for next season.

 

[jimmyhillsfanclub]

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.

Based upon that summary.......2 things stand out to me...

1. the consortium value Ryton @ £5m
2. Bid 3 appears better than Bid 4.

But until someone from the consortium can clarify what this muddled offer actually is......or someone at the CT grasps the basic skills required to write simple sentences......I'll guess we'll keep guessing.....

 

[ajsccfc]

I'd forgot all about the consortium. I can't decide if this gives me hope that they're still plugging away or despair that they're being instantly brushed off.

 

[Nick]

The pressure is ramping up on SISU. They still have not secured a tenancy for next season.

The thing is though, we have been told for years the pressure is too much and they have to go. Relegation they won't stick around, Sixfields they won't stick around etc.

Don't get me wrong, I'd love the pressure to get too much and they do one tomorrow. Not going to get excited just yet though.

 

[Deleted member 5849]

The pressure is ramping up on SISU.

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.

I appreciate the law of averages says that eventually a bid from somebody will be accepted (or the club is wound up, of course, and assets sold to whoever!) but we've been here so often before, it's just another non event atm really.

 

[dongonzalos]

Seems crystal clear to me.

“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.”

The last bid involved allowing SISU to keep Ryton to sell for property.
So when the CET say the new deal no longer involves Ryton.
That is where I personally am finding it confusing.
To me that can mean that they are no longer letting SISU keep Ryton as part of the bid or it can mean the deal doesn’t involve Ryton as they are not bidding for that.

So not Crystal clear at all to me

Also when consider they now have jumped from 2 million up front to over 3 times that in their next bid. 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.

 

[Deleted member 5849]

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.

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?