Can some explain in laymans terms........................ (1 Viewer)

Houchens Head · Aug 2, 2013

...........................
Who is who?
I am just a Coventry City football fan. I'm not interested in all the in-house politics and financial underhandedness that goes on behind closed doors. But over the last few years it has become impossible to avoid the "ins and outs" of the business side of the club. All I would like - in simple terms - is an UNBIASED explanation of just who is who and what they do for the club. I know there will be dumb stupid answers - I expect that, there will always be idiots on these boards - but I'm sure there are many like me, who simply don't have a clue who people are, who they belong to and what they represent. Are they the good or bad guys? etc.
SISU?
ACL?
AH Trust?
OTIUM?
CCFC Ltd?
CCFC Holdings?

I await straightforward comments with bated breath!

gally9 · Aug 2, 2013

Houchens Head said:
...........................
Who is who?
I am just a Coventry City football fan. I'm not interested in all the in-house politics and financial underhandedness that goes on behind closed doors. But over the last few years it has become impossible to avoid the "ins and outs" of the business side of the club. All I would like - in simple terms - is an UNBIASED explanation of just who is who and what they do for the club. I know there will be dumb stupid answers - I expect that, there will always be idiots on these boards - but I'm sure there are many like me, who simply don't have a clue who people are, who they belong to and what they represent. Are they the good or bad guys? etc.
SISU?
ACL?
AH Trust?
OTIUM?
CCFC Ltd?
CCFC Holdings?

I await straightforward comments with bated breath!

There all a bunch of wankers.. Simples

ccfcway · Aug 2, 2013

Depends who you speak to..

In short

ACL / CCC / Higgs Own or run the Ricoh
SISU / Otium / CCFC Ltd / CCFC Holdings - Own or run the Football club

italiahorse · Aug 2, 2013

Nobody knows yet because its been hush hush. We have all been trying to explain with are limited knowledge of the subject.
We now get into the details with the Liquidator.

Without doubt SISU are mainly too blame because they want something for nothing and have the main business at the Ricoh.
They are using this position to get what they want at the expense of the club, which is secondary to there goals (Collateral Damage)

SkyblueBri · Aug 2, 2013

Houchens Head said:
...........................
Who is who?
I am just a Coventry City football fan. I'm not interested in all the in-house politics and financial underhandedness that goes on behind closed doors. But over the last few years it has become impossible to avoid the "ins and outs" of the business side of the club. All I would like - in simple terms - is an UNBIASED explanation of just who is who and what they do for the club. I know there will be dumb stupid answers - I expect that, there will always be idiots on these boards - but I'm sure there are many like me, who simply don't have a clue who people are, who they belong to and what they represent. Are they the good or bad guys? etc.
SISU? OVERALL OWNERS OF CLUB
ACL? RUN THE RICOH FOR CCC AND AH
AH Trust? CHARITY OWN 50% OF RICOH
OTIUM? PART OF SISU NOW OWN CCFC LTD/HOLDINGS
CCFC Ltd? THIS COMPANY HAD GOLDEN SHARE AND LEASE FOR PLAYING AT RICOH
CCFC Holdings? THIS COMPANY HAS PLAYERS REGISTRATIONS

I await straightforward comments with bated breath!

Chinny_Hill · Aug 2, 2013

Houchens Head said:
...........................
Who is who?
I am just a Coventry City football fan. I'm not interested in all the in-house politics and financial underhandedness that goes on behind closed doors. But over the last few years it has become impossible to avoid the "ins and outs" of the business side of the club. All I would like - in simple terms - is an UNBIASED explanation of just who is who and what they do for the club. I know there will be dumb stupid answers - I expect that, there will always be idiots on these boards - but I'm sure there are many like me, who simply don't have a clue who people are, who they belong to and what they represent. Are they the good or bad guys? etc.
SISU?
ACL?
AH Trust?
OTIUM?
CCFC Ltd?
CCFC Holdings?

I await straightforward comments with bated breath!

I think the conclusion is never try and mix a hedge fund, a local council and a charity, ever, ever again.

Skybluesquirrel · Aug 2, 2013

SISU has designed a complex business structure that forms the ownership of the football club, consisting of companies, subsidiaries and investment vehicles based in both the UK and Cayman Islands that are collectively linked. This structure, with so many layers, can obscure and distort what is actually occurring.

The unknown investors in SISU’s hedge funds are the majority shareholders that are the ultimate owners of the club. The identity remains unclear, yet were passed by the football league as fit and proper when the club was first purchased. SISU Capital Ltd, own the investment vehicle Sconset Capital LP, both registered in the Cayman Islands. SISU transferred their 100% shareholding in Sky Blue Sports & Leisure Ltd (SBSL Ltd) to Sconset in 2010. SBSL Ltd in turn is the sole shareholder of Coventry City Football Club Holdings (CCFC Holdings Ltd), via a newly established holding company, Otium Entertainment Group Ltd, which owns the subsidiary Coventry City Football Club Ltd (CCFC Ltd). Arvo Management Fund Ltd (Arvo), based in the Cayman Islands is also part of the SISU group of companies.

ACL is a joint venture between Coventry City Council and The Alan Edward Higgs Charity an organisation set up to help disadvantaged children in the City. The City council stepped in to fund the building of the stadium and the surrounding areas of north Coventry under an urban regeneration program, developing a successful conference centre, football stadium, hotel, retail park and casino. This was then leased to ACL for £21 million.

http://aprisonofmeasuredtime.wordpr...try-city-and-sisu-capital-60-million-in-debt/

skybluebeduff · Aug 2, 2013

ACL put us into Admin, and are now going to put us into Liquidation, Am I missing something here. And yes SISU are to blame too, but wtf is going on?

Houchens Head · Aug 2, 2013

gally9 said:
There all a bunch of wankers.. Simples

I knew there'd be one dumb answer!

Can some explain in laymans terms........................ (1 Viewer)

Houchens Head

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Can some explain in laymans terms........................ (1 Viewer)

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