Dulieu: City were within 'a couple of days' of going into Admin (1 Viewer)

[The CableGuy]

http://www.sportinglife.com/footbal...occer/11/03/30/SOCCER_Coventry_Nightlead.html

"Administration was seriously close."

"The owners were looking at the situation in the press - what fans were saying, what the media were saying. And basically, why should they keep on investing? If they're getting a kicking, why keep on investing?"

"Myself and the new team were able to convince them, almost at the eleventh hour, this is still a club still worth investing in."

"We've probably got the best stadium in the Championship and there is a future here, and this is a short-term problem."

"SISU were close to not putting more money in which basically would have been the same thing (SISU being close to pulling out altogether)."

"Investors aren't queuing up to invest in Coventry, SISU are the only investors at this moment in time."

"If we hadn't have been able to win them over then the club would have gone."

"I was told in 2007 it was within half-an-hour (of going into Admin). It wasn't within half-an-hour but it was certainly within a couple of days."

 

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[CovLis86]

Mr. SISU trying to get us all to bow down and thank our lucky stars for SISU saving us again.
SISU the only investors interested at this time? Dont talk crap. There may not be a lot, but there is always going to be investors that are at least interested in discussing. Businessmen are always looking for the next way to earn more money.

 

[coundonskyblue]

"We've probably got the best stadium in the Championship and there is a future here, and this is a short-term problem."

It's not our stadium and we've been like this for 10 years, hardly short term.

 

[The CableGuy]

I wonder what AB thinks about all this?

We were 4th. Injures kicked in, teams sussed us out, players lost form etc.

And yet, AB didn't even get 2p to get any loan players in. You look at teams who have benefited from loan players (especially QPR) and it makes you wonder.

Yet when SISU are on the verge of losing their investment its "oh look, we've found £8 million down the back of the sofa, here ya go!"

 

[sky_blue_up_north]

Admin might have been the best way forward, take the hit, get relegated. Take a fresh start, after all look at Pompey, they were in far worst state than us

 

[RedSalmon]

Am utterly sick of this SISU bullshit. From what I have seen over the last three years they have clearly not got a clue about how to run a football club, and more to the point, don't give a flying fuck about Coventry City. If they are so undecided about investing in us and waiting until "the eleventh hour", then do the honourable thing and fuck off!! I for one have had enough of them. If that means going into administration then so be it!! This slow lingering death that they seem to be presiding over is the worst of all options. For supposedly intelligent businessmen they have made one cock up after another ie not buying the stadium, not investing in the squad, sacking managers etc. The have lost all credability and should just fuck off into the sunset as soon as fucking possible!!!

 

[MatthewWallis]

so basically SISU were gonna put us into admin because we gave them some criticisms on forums and stuff.

f*** off SISU

 

[Great_Expectations]

Ken has tried to make himself and the new board look the heroes there as it was them who persuaded SISU to invest, which in turn also gives SISU the credit for saving us from administration AGAIN.

Some lovely propaganda there.

 

[coundonskyblue]

It seems if we keep being nasty to them they'll clear off.

 

[CovLis86]

Exactly. Im praying us as fans have enough sense not to buy into it, and realise they are just trying to spin it to make it look like we should be eternally greatful again. They are draining our sky blue blood, and we will continue to get weaker and weaker the longer the continue.

 

[SkyBlueScottie]

Thanks Sisu for being our KNights in shining armour once again.

A couple of questions if I may?

Why was it left so perillously close to put your hands to help a business / football club you own?

Were you really willing to not lend a hand, thus see us going into Admin, which would more than likely you mean you lose whatever investment you have made, purely cos you are getting a bad press?

Why when you bought the club did you not purchase the stake in the stadium, surely this was not all down to Mr Ranson?

if you felt so strongly about this why did somebody not step in, after all you own the majority of the shares?

How much difference in cash terms CCFC owning a %50 stake does it make to our club?

 

[coundonskyblue]

"Why when you bought the club did you not purchase the stake in the stadium, surely this was not all down to Mr Ranson?

if you felt so strongly about this why did somebody not step in, after all you own the majority of the shares?"


They were quick enough to undermine Ranson when it come to selling players.

 

[SkyBlueScottie]

so it seems....

 

[SkyBlueUkeman]

I really cannot believe anything a=that Ken Dulieu says. He just comes across to me a s slimy, crappy business man and I think if im right in saying that he had something to do with the financial cock ups at both Portsmouth and Southampton?

 

[Sky_Blue_Daz]

There is something very shifty looking about him

 

[Nonleagueherewecome]

Yep, I'm just hoping that if the pattern conitinues, when he's done with us he'll go and wreck Villa and Leicester!

 

[DoYouSpeakClingan?]

I'm worried that this investment's not going to solve things in the long term- I'd put (a small amount of) money on CCFC requiring another bailout in a few years time, but for the moment, ok, fair enough, I guess...

 

[The CableGuy]

I'm worried that this investment's not going to solve things in the long term- I'd put (a small amount of) money on CCFC requiring another bailout in a few weeks time, but for the moment, ok, fair enough, I guess...

I've corrected your post for you.

The board don't even know if we have enough money to survive until the end of the season.