I'll never dance on the club's grave, but I will SISU's. They've had shares for free, now want rent for free, still don't have a business plan that makes sense, have sold twice the value of player then they've invested in, and overseen gates almost half as they've taken us to the lowest league position in two generations.
If the club us wound up, and I prey it's not, it'll be the car crash of financial mismanagement from your mates in Mayfair that have placed the football club in this perilous state; and not the fault if those faced with applying the final blow or not
Strange really - last time the club were on the brink they seemed to be getting symapthy from the fans even though the mismanagement was as bad and in 2000 worse. Still no doubt Geoffrey Robinson, Brian Richardson, Joe Elliot and Paul Fletcher would all pass Mutton's "fit and proper" persons test so everything would be alright.
That's ok I don't supposed your council tax will be affected by this joint venture will it?
Nope, nor would I invest in something that was overly reliant on a football club to stay in business,
Don't be facile.
I know it's tough, but try.
The Council have done well here.
They represent all of us and will still be here when those that purport to run the club have long since disappeared.
Strange really - last time the club were on the brink they seemed to be getting symapthy from the fans even though the mismanagement was as bad and in 2000 worse. Still no doubt Geoffrey Robinson, Brian Richardson, Joe Elliot and Paul Fletcher would all pass Mutton's "fit and proper" persons test so everything would be alright.
What i'd like to know is, where were you all five years ago when my 15 yr old dauaghter got 80-100 outside the council demanding they help the club over the stadium ownership,its a tad late to get righteous now.If sisu had any Brains /ACCUMEN THEY WOULD HAVE DONE THEIR RESEARCH PROPERLY AND TACKLED THE ISSUE THERE AND THEN ,THERE WOULD HAVE BEEN A READY MADE LOBBY GROUP.
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Couldn't agree more. Well said.
Yet you'll happily berate those who mismanaged before; but condone those who were meant to build a brighter tomorrow, learning from past mistakes; and in effect have taken us closer to extinction than ever before?!?
Agreed, and thank goodness the Ricoh has other incomes then....?
At the moment, the football revenue is the difference between profit and loss, but it is not the majority income , according to posts for their accounts by better informed people on here, I believe?
Lord, I don't disagree with your sentiments, in essence, but I do differentiate between CCFC and SISU. I would be happy for both to succeed, but not happy for the latter to mitigate their losses at our Club's and our City's expense.
It is interesting to note that when criticising others the incurably thick describe themselves.Some people are so blinded by their hatred of Sisu they would gladly see the club go down the tubes just to prove a point.
It is interesting to note that when criticising others the incurably thick describe themselves.
Well done Grendel, you nailed yourself there.
Some people are so blinded by their hatred of Sisu they would gladly see the club go down the tubes just to prove a point.
Please enlighten me -- in what way do they represent all of us. Does that include the workers who have been made redundant in their £60 million budget cut this year. How are they being represented by the council?
It is interesting to note that when criticising others the incurably thick describe themselves.
Well done Grendel, you nailed yourself there.
Of course not, no one wants the club to fail, but I damn well won't stand for ACL and the council of my City be bullied by those finance boot boys.
I guess you'd rather see SISU force ACL out of business and conduct a hostile takeover as it 'benefits the club'.
Give me strength! Some people have principles that transcend football.
Anyway, interesting day, and healthy debate.....but time for bed.!
Goodnight all...
You are a football club, you own your own ground. What you dont do is sell it! :facepalm: Without buying outright a new stadium of your own. Financial football suicide!
Duh duh duh du! Fuckin useless!
Duh duh duh du! Fuckin useless!
All this shit mess is caused by people running the club without one care, thought or consideration about the future.
Why do it? I cannot for the life of me work out why the board of CCFC agreed to it. :jerkit: the lot of them!
Yes, an entirely relevant budget cut, caused by over-spending.
The entire world faces severe cuts because of spending that was unsustainable. Worth reading IMF publications.
Coventry City FC is in a world of hurt because we spent money we didn't have.
And yet, so many people here advocate spending even more money - including rent - to achieve short term gain but which places the long-term future of our club at risk
Grendel stated
Does that include the workers who have been made redundant in their £60 million budget cut this year. referring to The council when it isn't the council making people redundant, it is whitehall who made the cuts
The overwhelming majority on here have agreed a rent reduction is needed
Can someone explain the outcry from those opposed to today's move to transfer the ownership of the mortgage?
Put simply, if the Yorkshire bank had passed the mortgage on to, say, the HSBC, would it have been a problem?
Ultimately, this gives ACL some leeway on the rent that they require, if the interest rate is lower than that charged by YB. That has to be good news for the club, as it means that ACLcan afford to accept a lower rent from the club.
For example, a 5% interest rate on £14.4M , means £722K in interest per year. A 2% interest rate means £288K interest per year, saving £434K, which could be passed on as a rent reduction.
Grendel stated
Does that include the workers who have been made redundant in their £60 million budget cut this year. referring to The council when it isn't the council making people redundant, it is whitehall who made the cuts
The overwhelming majority on here have agreed a rent reduction is needed
Exactly but there are plenty beating on here slagging the counsel off !!!
Sisu have forced this situation anyway but in torch grendle and others eyes they are blind to this fact !!!!
Exactly but there are plenty beating on here slagging the counsel off !!!
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Try it. Find a non Cov fan and explain.
They will quickly identify that the club needs the Ricoh
I bet SISU aren't feeling their usual clever, oh so clever, selves tonight.
Let's hope the winding up order never comes. I don't think it will.
Please spare us this nonsense. Where have I said that CCFC do not need the RICOH?
This is not the same as; CCFC must have the RICOH to the detriment of those that have actually paid for it and to the benefit of SISU who (after due diligence) bought a club with no material assets.
You, TA, are barely dry behind the ears........please, do try and catch up.....and in so doing enter the real world.
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