It's not just when preferable in a ccfc context. We seriously underestimate the SISU perspective in a wider context. We're nothing to them and yet the boost to their negotiations elsewhere could see it desirable to wind us up. The best business decision can easily be the best, regardless of numbers wrt solely ccfc.In what circumstances would this be preferable to administration or selling as a going concern OSB. I'm curious as to how this might play out pending the courts decision on the appeal.
They are one of the people who will use it as a pawn sadly.
Thinking about it, it's been used as a pawn from as far back as I remember
Yes Nick, just being used as a pawn for leverage against Wasps and CCC. Also Wasps are using us as a pawn for leverage against SISU.
Shame WASPS and SISU cannot join and lever against CCC
To what end?
In what circumstances would this be preferable to administration or selling as a going concern OSB. I'm curious as to how this might play out pending the courts decision on the appeal.
How long you got?
to start with i am not convinced they would take such an action, however i do not rule it out
Depends if selling gains them more than say the crystallisation of tax losses from liquidation that they can utilise elsewhere for example. They say the losses they have made are over £70m which at basic corporation tax rate 19% could equate to 13m tax saving (just to be clear i do not know what the figures really are or how they could utilise the losses if available) it is just an example.
How does that work? The losses are assumedly cumulative over however long they have owned the club, can they then be offset against any tax bill at the point the asset ceases to exist? I remember someone at work surmising that one possible reason for SISU continuing to own the club was to use losses made by it to offset business elsewhere, I'd imagine he was talking in a similar vein to this.
I really don't think it's just the costs either.Depends if selling gains them more than say the crystallisation of tax losses from liquidation that they can utilise elsewhere for example
It appears losses can be offset against corporation tax bills where there is shared ownership of companies, but its a bloody complicated set of rules and as SISU hide ownership relationships it is hard to tell whether any of the cases identified in this article apply. https://www.taxation.co.uk/Articles/2017/09/12/336929/groups-within-company-structures
Most people don't consider that sort of thing. They consider what has an effect on themselves. Increased traffic. Possible rowdy behaviour. Parking restrictions when they want to visit family/friends.If you were a citizen of Coventry and not a city fan would you not be concerned about the loss of the millions in economic benefits having a professional football club brings to the city each year? Or the loss of all the work Sky Blues in the Community does?
Enough time to listen to a sensible idea. I am sure we would all like to know what that could achieve, how it could be done, and why it would be in the various parties interest to do so. So over to you, whats your idea and why?
Possibly the darkest post I've ever seen on here, and I only wish it wasn't so convincingI really don't think it's just the costs either.
In terms of a negotiating strategy, liquidating CCFC could bring more financial benefit elsewhere. Forget the numbers on the page, it's the intagibles too. A business like SISU works on psychology as much as pure numbers, on occasion.
I was not just referring to the football club but the City of Coventry in general
This Council has sat almost unchallenged for 30+ years and so feels it does not have to listen to anyone and is unanswerable to anyone
Most people don't consider that sort of thing. They consider what has an effect on themselves. Increased traffic. Possible rowdy behaviour. Parking restrictions when they want to visit family/friends.
How long you got?
I was not just referring to the football club but the City of Coventry in general
This Council has sat almost unchallenged for 30+ years and so feels it does not have to listen to anyone and is unanswerable to anyone
TBF why would they. Could they seriously work together after all the bad blood between them, wouldnt be long before they are stabbing each other in the back.But you specifically said sisu and wasps joining together to take on CCC .
So you really have not answered the question.
How does changing the council over a number of years help CCFC now or even the next year. Could two private companies even do that ?
And can you really see wasps who have what they want joining up with sisu ? Not sure I can
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