dongonzalos
Well-Known Member
Ok if that is correct that she has only taken a hands on approach to a 60 million pound investment in the last 2 years.
What has prompted to speak to actual fans for the first time in two years?
A couple of things I have noticed on this thread:
Dong Joy has only been involved in CCFC in the last two years from her position within SISU. A quote from yesterday's article in the CT 'Ms Seppala said she was not personally involved with Sisu Capital’s purchase of the football club in 2007. She said: “People did the due diligence and for all intents and purposes we took calculated risks.“What I can say definitively is that since I’ve become involved in the last two years I have not regretted any of the decisions that we’ve made.'
I am sure Steve your are assuming that the above comment I have quoted won't happen because SISU won't sell the club and so on, however there is no guarantee that even if SISU did sell the club that CCC would sell the ground to the new owner of the club. This is what we are led to believe will happen. PHIV was supposed to be buying the Ricoh 6 weeks ago from the Council and hasn't..
What has prompted to speak to actual fans for the first time in two years?
If they try and parachute in another sports team then they really are no better that SISU, are they? I think ACL have to be really careful how they handle things. Personally, I don't think the future looks good for them unless they can get CCFC back.
No, because they demolished Maine Road. Yes, loads of football grounds have been redeveloped. Look at HR , A nice new build estate. I really can't see a viable future for the Ricoh without us. Who is going to pay for any redevelopment if the future is going to be without CCFC?
We talk about viable alternatives, but which sports teams within 20 or so miles require a 32,000 Seater Stadium except CCFC?
Hobo, I know as much about SISU’s plan as you do. Nothing. However, I do know that I (that is me personally, I’m not talking for anyone else) wants to see my team play back at the Ricoh. Nothing else matters. For that to happen it seems (from JS) that she will only go back if we can buy into the Arena. I really can’t see the problem with that. Oh, I know we gets lots of people saying that if that happened then they would wind-up the Club, rub their grubby mits with glee and enjoy the riches the Ricoh has to offer. There’s no proof – as there’s no proof from me that it wouldn’t happen! However, as it stands we are playing in Northampton in front of crap crowds for probably five years. I can’t stand the thought of not seeing Coventry City for five years (the last two months have been bad enough), so one alternative is sell the Ricoh to SISU. CCC can put in all the caveats they wish to safeguard their “community asset”. That way everyone wins. If in the future someone wants to buy SISU out then these future owners will know exactly what they are getting.
I’m not a SISU fan, I like them as much as I like ACL but they are who we have in charge and the quickest way I can see us getting rid of them is to get us playing back in Coventry. Standing on a hill isn’t going to achieve that anymore than getting down on your knees and praying.
I care about CCFC, not SISU or ACL.
Unfortunately if they want to survive they have to look at other options.
What do they need to pay the council yearly?
How much do they need to raise?
Does that have to be another sporting tenant?
Within the City only Cov Rugby, Cov Speedway or Coventry Sphinx could really think about moving there and they don't need the Ricoh..
Someone mentioned previously a West-Midlands Super League team, but not heard more about that and as you say Torch if someone moved another sporting organisation out of Birmingham for instance to the Ricoh it's just the same as what as happened at CCFC.
The only possibility really is if Nuneaton get promoted and then Dong gets his wish of Nuneaton Sky Blues..
Ok if that is correct that she has only taken a hands on approach to a 60 million pound investment in the last 2 years.
What has prompted to speak to actual fans for the first time in two years?
As per my reply to torch
She's done it, so what's the problem? Fans have been clamouring to hear from her and now they have.
Not a wish
Just a possibility of what may happen.
If it began to take shape I would soon get my wish if the sky blues back at the Ricoh instead
I would assume because Joy see's that no one is interested in listening to Tim Fisher any longer and are calling for Joy's input on the situation.
It could happen, but wouldn't that be the same as CCFC's predicament?
She's done it, so what's the problem? Fans have been clamouring to hear from her and now they have.
No, I don't it does have to be a sports tenant, but in a sports arena....? How much would it cost do you think to stick a roof on the place?
I wish I could have as much faith in SISU as you do.
So who do CCFC owe a lot of money to?
Who are well known to take over companies and then liquidate them?
Who is after the Ricoh for well under it's true value?
My biggest worry would be if they got their hands on the Ricoh and then liquidate our club. The ground would then become theirs as the money is owed to them. So we would be left without a club and anywhere for a new club to play. They won't liquidate our club without a stadium as they would get more money selling it on than liquidating as we don't have anything of worth other than our name and history.
So you're saying you'll gladly kill your club?
Weird weird statement
Sorry Robbo people have been calling for her input pre Tim Fisher and post him.
It has never bothered her before.
Every decision she makes is a financial one what does she hope to gain financially by doing this?
You are right though if fans believed Tim attendances would be up and would not need to bother.
She needs attendances up
Don't confuse the club with SISU. Two entirely different things.
So she makes 10 million from selling the players off , another 10 from any other asset ,
Loss making businesses don't make profits , it's a mass sell off because a business would rather loose 40 mil than 60 mil
He she thought she would get 60 mil back she wouldn't be selling so get that sum out your thick skull
Not one penny more will lead to the selling of every asset of the club and we'll be left with nothing
You can then say we did such a great job of killing our own club that we can blame ccc sisu acl fl and the fans
That's just my knob thoughts dickhead
it's not just attendances it's the bad publicity they are attracting .Pre Fisher, I don't remember calling for Joy Seppala beyond two years ago? When Fisher started..
Of course it is? Remember technically Joy is running the SISU business which CCFC is asset of, of course every decision is based financialy.
Every club needs higher attendances..
it's not just attendances it's the bad publicity they are attracting .
Dear Nob
From the article:
“The club is not for sale. In the past year alone, we’ve put millions into the club, and committed £60million over time. We have not taken a penny out of the club.“I am not looking to pack my bags and go away. I want return on my investment.”
She says she's committed £60 million over time and she wants a return on her investment. So by your logic, she will be able to sell of £20 mill and then walk away?
Love,
Dickhead
true but it's snowballing now.
they are not interested in football, let alone coventry city that's where the shit started.
dosh........Who knows what they're interested in..
So, you'd rather stay in Northampton for 5 years, maybe for good, rather than see SISU own the Ricoh?
Off Nose Spite To Face Cut (rearrange letters accordingly)
NOPM is going to kill your club
Well done to all involved and enjoy supporting another team , you Work will be done
You are indeed cutting your noses off , and thanks to you taking your ball home , everyone else loses their team
You all seem to be reveling in it too strangely ??
Who knows what they're interested in..
A response like this does frustrate me. I know there's huge debate around the value of the Ricoh and clearly its potential is much much greater than ACL have come close to in terms of their operation, but the pleas that SISU should be allowed to own the Ricoh seem to stem from passion for this madness to end rather than sound public stewardship which the council clearly have to try and be shown to achieve.
Just because SISU own the football club does not mean the public of Coventry (via 50% of ACL) should be held hostage to do their bidding and sell them what they want. Would any other council anywhere in Britain even consider selling an asset like the Ricoh to a company of SISU Capital's track record within the City?
Let's tick off some questions which any elected official acting in the public interest may want to consider if he was looking at selling anything from a park bench to a multi-acre site with sports stadium:
1) Does the business have a successful record of owning and running other similar companies or operations?
2) Does the business have a strong track record of acting in the best interests of local people with a sense of corporate responsibility?
3) Does the business have a transparent structure with clear accountability regarding investment and ownership?
4) Has the business consistently filed accounts on time?
5) Does the business currently face any pending actions from either HMRC or Companies House?
There's five, I'm sure there would be tens more. If you asked 100 Council tax payers whether the Council should sell even a park bench to a company which couldn't answer all of those questions with a positive answer then 100 would say no.
The Ricoh is an underachieving asset for the people of Coventry, not one which should be frittered away to a mob like Sisu who have shown disdain, malpractice and downright incompetence. Let them rot.
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