Crystal Ball (1 Viewer)

[shmmeee]

any sale will be for the infamous £1 but the issue will be how much SISU want to write off the alleged £70m debt. They can say they aren't interested in selling all they want but there will be a figure (I would guess a certain % above the amount they have genuinely put in) which they would happily accept. they are after all only interested in making a profit and if they see a way to walk away making a profit surely they will.

Unless they own the club for reasons other than for it to make a profit.... Unless they specifically want it to make a loss...

 

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[chiefdave]

Unless they own the club for reasons other than for it to make a profit.... Unless they specifically want it to make a loss...

true, but I'm not sure they are going down that road as surely if you were up to no good you'd just keep paying the rent as you'd never want anyone to start digging further into the situation.

 

[oldskyblue58]

With all due respect OSB, while I agree with you up to a point your valuation of say 5m is what I would expect from an accountant. As an entrepreneur I'd then evaluate from that stance. To suggest a L1 club that could be L2 is one thing but tbf we are also just two season's away from the Premiership. My point is as I said before....the size of the fan base and the potential generation of money must be a big factor. We are not Yeovil after all. There would be a long line of bidders as demonstrated recently when the club was in the administrators admin process. If the football club was reunited with any stadium in the Coventry area the value would increase. I think the football club is worth a nominal amount currently as you say. however if they get part or some rights on the Ricoh and not just rent the pitch or even build this stadium they talk about then I see a value approaching something they can live with and exit the footballing world. Something we all want to see. The two sides primarily in this dispute have the power to bring that about. It seems we fans all caught up in this are the last people anyone cares about and that accusation is not simply aimed at just SISU. It's nothing short of a disgrace and there are ways out of it now.

We are talking different orders of the business process

First off keep in mind that anyone who comes in with the money will not have an affinity for the club, they wont as yet be supporters and are involved for things other than the football club (much like SISU). The key is the stadium and the development possibilities

IF I look at those circumstances then the cheaper deal is buy the interest in the stadium first. At the moment the value is lower than having a key tenant there generating 400k footfall. So I would do that first knowing I had the cashflow strength to support it. That would leave SISU holding the club with no way back to the Ricoh (the ricoh is where they want to be as its owners imo). That leaves SISU with three choices, sell up, build the stadium or liquidation. Items 1 and 3 mean that as the buyer I would call the tune in terms of price. If they choose item 2 then it means spending millions, alienating fans for at least 3 years, possibly little investment in the team and that affects the potential for success - would sisu do that?. If as purchaser I could get the club at a low value I could bring back to Ricoh as anchor tenant on 125 year lease at peppercorn rent and enhance my investment not SISU's. Yes it puts the club at risk but you can buy in the liquidation process ,agree settlement with the liquidator not SISU if it ever got that bad (I dont think it would)

You seem to be going along the lines of giving something - tenure or interest in freehold at the Ricoh so that they can cash it in and go. To do that you either have to sell the freehold or a 125 lease at peppercorn rent to them to make it worth their while. Why would I want to buy it all from them at a higher value and let them take the increase in value not me? Yes it is the path of least risk for the club, and is from a club point of view safer. But to the current owners and future owners the worth is not and wont be in the club until it gets to the premiership - not betting on that any time soon.

In present circumstances, particularly in light of the inability to invest heavily in the team L2 is far more likely than the premiership in 2 years. Personally I think we stay up this season, just - which will be a huge achievement the premiership is a long way off and wont be a great factor in value.

Both are decent enough plans so whilst I would do it a different way I see where you are coming from

 

[cloughie]

70M was figuratively speaking OSB in order to make the point. It's often been a figure used at will on here.

I think an offer of somewhere between 20 or 30m would be bitten by SISU and they would go.
I also think it's always been the best way forward.
Any other way as you are suggesting would most likely lead to the disappearance of our club for good.

Are you serious , who would pay anywhere near that,

if Haskel bought 50% of the Ricoh that will make sisu fc almost worthless

glad you aren't in charge of my business if you would pay that amount

 

[Paxman II]

I think we are looking at it much the same way OSB but perhaps have a slightly different belief to how it would possible go down or end if you will. I'm aware L2 is more likely than the Prem but it's the potential you seem to ignore more. If you take on an empty closed pub (and I've done that before) and turn it around to be a success because you knew all along there was much potential in the area then you make that decision. An accountant may tell you that foolish to entertain but you do it anyway.

I would never agree to give SISU any freehold right and I was first to mention long leases way back when this all began. I suggested back then a 99 year lease and you went even further I believe suggesting a 125 year lease which you mention again now. I don't call for that. I call for a short term tenancy of some kind that will preclude SISU's exit. The Council and ACL along with the Higgs charity ought to be looking at this possibility and bringing it to SISU. Can a deal be done which gives SISU the right of a short hold tenancy that is assignable thus giving the club more value in the market place? Is it so much to ask? It just seems to sit back and wait for the liquidation process and buy in is as much about what we have all been doing for the last few years and getting nowhere. Lets end this misery for the supporters of Coventry and strike a compromise now that gets SISU on the road that leads away from our club.