Fisher on CWR (1 Viewer)
- Thread starter Sky Blues
- Start date
The deal was signed, the high court have ordered SISU to pay ... END OF is what you will find is the outcome..no matter what we think, its legal and binding not you me posting will change it, it's the law and not up for debate..
What has gone on before has had a bearing on todays situation, but wanting Highfield rd back or blaming last owners does not change today. We are in the Shit with owners who want to blame and spin instead of facing facts, that in 5 years they still havent worked out how to run the club. Time to face up SISU, another rent offer turned down will not sit well if they go to court on appeal, so pay up piss off or deal with ACL offer on the table...
What has gone on before has had a bearing on todays situation, but wanting Highfield rd back or blaming last owners does not change today. We are in the Shit with owners who want to blame and spin instead of facing facts, that in 5 years they still havent worked out how to run the club. Time to face up SISU, another rent offer turned down will not sit well if they go to court on appeal, so pay up piss off or deal with ACL offer on the table...
covcity4life
Well-Known Member
doesnt matter whre it goes, it is clearly a benefit to not be losing as much money.
Danceswithhorses
Well-Known Member
....into Joy's 'handbag and pretty shoes' fund
oldskyblue58
CCFC Finance Director
might have something to do with had they run the business properly and understood it in the first place we wouldnt be having this conversation. Because I see no prospect of anything really changing and give it another 5 to 10 years and we will back where we are now, I want better than that for the club, the fans deserve better than that ......... there is an opportunity for everyone to pull in the same direction to benefit the team, the club, the Ricoh and the City, if they all talk constructively........ from where I sit SISU dont buy into that and never will........ they just want to shaft everyone and run, not caring a damn ............ but hey sorry if that doesnt make me a TRUE fan
covcity4life
Well-Known Member
its ok OSB,not everyone has the same love for the club. your still pretty good though
TheRoyalScam
Well-Known Member
This thread alone proves that Fisher's spin is working - there are seven posters on this thread looking through their clouded sky blue glasses who believe he's right, and that ACL are 'bullies' for taking the only course open to them at the present moment.
As it stands CCFC (in reality SISU) owe over £1m in rent and also need to top up the escrow account with £500k. This has built up over 10 months.
The idea that because we're now in League 1 we should only pay an average league 1 rent is ludicrous.
If I mismanaged my business to the same degree SISU have with CCFC and lost customers (fans) and therefore revenue, do you think I should go to my landlord and say "I'm afraid I've lost half my customers through poor management, revenue streams are falling so I'm not going to pay any rent."???
And if my landlord announces that he's going to take me to court, should I start criticizing his own business with mis-truths like Fisher has with ACL?
Why do some of you think that football clubs are somehow exempt from normal business obligations?
As it stands CCFC (in reality SISU) owe over £1m in rent and also need to top up the escrow account with £500k. This has built up over 10 months.
The idea that because we're now in League 1 we should only pay an average league 1 rent is ludicrous.
If I mismanaged my business to the same degree SISU have with CCFC and lost customers (fans) and therefore revenue, do you think I should go to my landlord and say "I'm afraid I've lost half my customers through poor management, revenue streams are falling so I'm not going to pay any rent."???
And if my landlord announces that he's going to take me to court, should I start criticizing his own business with mis-truths like Fisher has with ACL?
Why do some of you think that football clubs are somehow exempt from normal business obligations?
Brighton Sky Blue
Well-Known Member
Totally agree-though TF has a knack of presenting an already complex issue in an even more misleading way so that people are more easily won over.
chiefdave
Well-Known Member
But if you had a factory that was designed to output 30,000 units a week but you only had demand for 10,000 with no reason to believe that would go up in the near future you would more than likely tell your landlord you were moving out and going somewhere smaller. The problem SISU face is that due to the nature of the business they are in the options for moving are limited to say the very least. Not to say that SISU are in the right here by any stretch but if you applied the rules of a 'normal' business we'd have moved out of the Ricoh a long time ago.
SkyblueBazza
Well-Known Member
Well...are YOU going to buy it?
covcity4life
Well-Known Member
hope your not counting me amongst them
im not saying TF is right
i am saying i dont care as long as cov come out all the better for it,i dont care if ACL lose out.
sisu>liquadation
when there is a chance we can get rid of sisu and not be damaged ill be behind that dont you worry
skyblueman
New Member
But if you bought the business knowing full well you had no other options other than the big factory then you would have a pretty good idea it HAS to run at that level or the business fails - there is no other option - there never was for SISU - that's the business they are in - demand they can influence as we have seen - ADVERSELY - this is how they live or die in this industry.
Demand can be made to increase to the level required but it HAS to be invested in or it won't work - SISU have to INVEST and not just in the bloody rent
SkyblueBazza
Well-Known Member
This is why all parties have to compromise.
All parties have budgetted with the agreed rent in mind...at the moment everyone is losing. Compromise will at least mean the losses are "fair" to all & evenly balanced. A "win-win"
chiefdave
Well-Known Member
unfortunately the logical business conclusion to that is for SISU to cut their losses and liquidate.
i'm sure they have an exit plan of some sort and it could very well be that includes somehow forcing ownership of the Ricoh into their hands for next to nothing. if ACL follow this through and SISU refuse to pay then is there reaslistically any other option than liquidation?
As much as they talk about moving the club somewhere else that's not going to give them any sort of return on their investment.
are we now reliant on SISU having the grace to pass the golden share onto another owner or the trust (as I imagine on it's own it's worthless) to ensure we have a club moving forward. there's been so many false dawns that's it becomes harder to tell if this is actually the end of the drama one way or another.
covcity4life
Well-Known Member
yup..ai felt 400K was reasonable but seems sisu still aint happy, im not sure ACL will go much under that,sisu need to be reasonable too.
cloughie
Well-Known Member
At last you appear to see sense and are beginning to see just who is causing this situation
Fisher /sisu
deanocity3
New Member
Best place for Fisher is on the shipping forcast
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SkyBlue_Bear83
Well-Known Member
I don't think anyone are saying Fisher and SISU are right or justified in what they are doing, but if at the end of the day it achieves the desired result that will benefit the club I will not care how it was done.
Mucca Mad Boys
Well-Known Member
Is this post in reply to me OSB?
I don't think securing the RICOH is necessarily their 'end game', as I think they'd rather attempt to get us to the prem so they can get sustained profit. IMO. That's my assumption based on the fact in the 'system', profit > all, I think evidence can be seen in their early attempts to sign players (Fox, Dann etc.) and their 'attempts' to sign McG (also, potentially, signs of their desperation).
AFCCOVENTRY
Well-Known Member
ACL and Sisu should not be having a public slanging match trying to get brownie points off fans like this.
It's a complete mockery of the city and the fans.
It's a complete mockery of the city and the fans.
deanocity3
New Member
as both sides are money grabbing bastards can't seeing them agreeing on anything.
AFCCOVENTRY
Well-Known Member
ACL also need to remember they wouldn't exist if it wasn't for Richardsson/McGinity/Robinson cock up of the footballing century! Lol... They owe us! (Tongue n cheek)
cloughie
Well-Known Member
Think it's time for captain mainwearing 'You stupid boy'
oldskyblue58
CCFC Finance Director
Yes SBT it was for you
Not in the nature of hedge funds to play the long game and getting hold of the site is probably more achievable short term. They are only here now because the first plan involving Dann, Fox fell through. The idea was we would be in the Premiership by now and SISU would have sold up.
If it wasnt their end game they wouldnt be quite so beligerent over the rent either. ACL have made offers to seriously reduce the rent and worked deals on a whole range of income in favour of the club......... but SISU have flatly refused everything on the rent. Also I dont think if they were staying they would be so aggressive in the press.
Whole game is to break ACL and take the site cheaply
Not in the nature of hedge funds to play the long game and getting hold of the site is probably more achievable short term. They are only here now because the first plan involving Dann, Fox fell through. The idea was we would be in the Premiership by now and SISU would have sold up.
If it wasnt their end game they wouldnt be quite so beligerent over the rent either. ACL have made offers to seriously reduce the rent and worked deals on a whole range of income in favour of the club......... but SISU have flatly refused everything on the rent. Also I dont think if they were staying they would be so aggressive in the press.
Whole game is to break ACL and take the site cheaply
Mucca Mad Boys
Well-Known Member
Defend? Why would SISU just pull out if they break even? They would've wasted 5 years of their time and money (as well as ours).
Also, I don't appreciate your comment.
covcity4life
Well-Known Member
no i think its more a case of you are finally reading my posts without assuming i am pro sisu
cloughie
Well-Known Member
TheRoyalScam
Well-Known Member
Surely it's unlikely that SISU would or could 'break' ACL?
ACL is a well-run business with plenty of income streams. I can't agree with the spinmeister Fisher's allegation that it's close to administration.
Apart from the obvious link with the football club, I can't see any reason why SISU would get any exclusive or 'preferred bid' status if ACL does go into administration.
Are there any real-life examples of unscrupulous tenants refusing to pay any rent, bringing their landlords into administration, then picking up the property on the cheap?
Waldorf
New Member
Do we know whether the club approached ACL prior to not paying the rent to try and discuss a reduction in rent? - Yes, and rejected every offer
Do we know whether ACL entertained the idea of lower rent before the club stopped paying? - See above
Did the club stop paying as a way to force ACLs hand in entering negotiations? - If you mean was it intended to force ACL to agree to a very low rent, of course it was
Why is no-one questioning who agreed to this ridiculous deal in the first place? - Because it's neither here nor there. We are where we are and they both need to sit down & sort it. Negotiations means both sides making compromises. So far, Fisher's done nothing but say "No".
I think the club are quite right to try and negotiate a new deal. If ACL refused to enter negotiations then i understand why the club decided to go the extreme measures of refusing to pay. Its a ruthless method, and morally questionable, but was it necessary? Perhaps the club had no other option. - You've got it the wrong way round. It's SISU who won't negotiate
I think the majority of fans would agree with Fishers sentiments about Highfield Road, personally i hate the Ricoh and everytime i drive past King Richard Street, look left and see houses instead of HR it completely deflates me. But we are where we are, and we have to do something to stimulate a positive future for this club. Being financially crippled by ACL and the council, again, is not helping. - So completely mismanaging the club has nothing to do with where we are? Don't forget who the Council represent - you and me; and the charity exists to help support sport in Coventry. They aren't crippling the club - the rent pales into insignificance when compared with the wage bill (including Fisher, who's probably being paid more than most of our players)
Do we know whether ACL entertained the idea of lower rent before the club stopped paying? - See above
Did the club stop paying as a way to force ACLs hand in entering negotiations? - If you mean was it intended to force ACL to agree to a very low rent, of course it was
Why is no-one questioning who agreed to this ridiculous deal in the first place? - Because it's neither here nor there. We are where we are and they both need to sit down & sort it. Negotiations means both sides making compromises. So far, Fisher's done nothing but say "No".
I think the club are quite right to try and negotiate a new deal. If ACL refused to enter negotiations then i understand why the club decided to go the extreme measures of refusing to pay. Its a ruthless method, and morally questionable, but was it necessary? Perhaps the club had no other option. - You've got it the wrong way round. It's SISU who won't negotiate
I think the majority of fans would agree with Fishers sentiments about Highfield Road, personally i hate the Ricoh and everytime i drive past King Richard Street, look left and see houses instead of HR it completely deflates me. But we are where we are, and we have to do something to stimulate a positive future for this club. Being financially crippled by ACL and the council, again, is not helping. - So completely mismanaging the club has nothing to do with where we are? Don't forget who the Council represent - you and me; and the charity exists to help support sport in Coventry. They aren't crippling the club - the rent pales into insignificance when compared with the wage bill (including Fisher, who's probably being paid more than most of our players)
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Official Away Travel
New Member
He talks bull!!
Grendel
Well-Known Member
This is hilarious.
Fans on here bleated when I posted that I wasn't that interested in the JPT yet now seem to be almost willing ACL to pull the trigger.
Whatever has happened in the past is not relevant. The bottom line is without the ground we are finished. Forget this complete nonsense about playing at the butts the memorial park or my back garden. People who truly believe there is any other option are deluded.
Forget also that any other investor would pay more than the average rent for this league. Again totally deluded.
People do not seem to realise we are going to go under if the club do not win the fight. I know full we'll their ultimate intent but we are stuck with them. I honestly believe the hatred for sisu is blinding people to the dire reality we face. If we had Elliot simpering away many more would be backing the club.
This is serious stuff. Back the club or find something else to do on a Saturday. I don't think ACL play on that day.
Fans on here bleated when I posted that I wasn't that interested in the JPT yet now seem to be almost willing ACL to pull the trigger.
Whatever has happened in the past is not relevant. The bottom line is without the ground we are finished. Forget this complete nonsense about playing at the butts the memorial park or my back garden. People who truly believe there is any other option are deluded.
Forget also that any other investor would pay more than the average rent for this league. Again totally deluded.
People do not seem to realise we are going to go under if the club do not win the fight. I know full we'll their ultimate intent but we are stuck with them. I honestly believe the hatred for sisu is blinding people to the dire reality we face. If we had Elliot simpering away many more would be backing the club.
This is serious stuff. Back the club or find something else to do on a Saturday. I don't think ACL play on that day.