torchomatic
Well-Known Member
CCFC were never going to get the stadium no matter what they did. The dice was always loaded against them. As I said, you would think it would anger CCFC fans, but apparently not.
So Wasps made an offer but CCFC had to be made an offer ?
I dislike sisu with a passion, but my thinking at the time was that ccfc with at least a half share in the stadium would have been a much more saleable asset.
It may well be that sisu could possibly have gone by now.
As we all know now , wasps wanted 100% and that's what they got, even though they basically re-mortgaged to finance it.
I might be wrong but was that not the main reason ccc didn't want sisu to own any part of it ?
CCFC were never going to get the stadium. Sisu would have got it. Big difference.CCFC were never going to get the stadium no matter what they did. The dice was always loaded against them. As I said, you would think it would anger CCFC fans, but apparently not.
But Wasps are refusing to talk to the club, aren't they? They say because of legals but no legals involve Wasps, so why are they delaying negotiations?
Bet they aren't now, pitch is not in a good state at all.we know they are grateful for the new pitch
Yes, I don't think that's in dispute. It just shows the lack of goodwill on the part of Wasps towards CCFC and its supporters.
Never mind though, I am sure CCFC fans can understand the hard-nosed way Wasps are approaching this!
CCFC were never going to get the stadium. Sisu would have got it. Big difference.
But that's the problem. SISU use those tactics and people go mad branding them a disgrace. Wasps do the same and its hailed as good business.its called brinksmanship designed to put as much pressure on the other side as possible by leaving it to the last minute. All sides have used this tactic regularly including SISU
Bet they aren't now, pitch is not in a good state at all.
its called brinksmanship designed to put as much pressure on the other side as possible by leaving it to the last minute. All sides have used this tactic regularly including SISU
Don't think that's true Torch, the vast majority were and still are angry about the sale.CCFC were never going to get the stadium no matter what they did. The dice was always loaded against them. As I said, you would think it would anger CCFC fans, but apparently not.
No. I left them out as along with one or two other individuals they actually knew what they were doing, purchased players that were capable of getting us promoted and actually ran the business quite well. Gates were relatively high, corporate revenue was too. It all started to fall apart when they realised what Onye was doing, did their best to change it but realised they couldn't so they all left one after the other. He was the problem, not them.
Maybe I could've said the Ranson miss-lead Elliott and that lead to Elliott misleading the fans but I personally think Ray was miss-lead in the first place by Onye. Ray and Joe both encouraged fans to sign over their shares. I did. I got duped too just they they both did. Does that mean like the rest of the fans that did do so, I am at fault too? They both got taken on a ride by him, even Joy did for the first couple of years. He was and probably still is a complete lunatic with both his actions in the Coventry City board room and elsewhere. Remember who it was that suggested that Sky Blue Sam was too fat and who the two individuals were that sat their in disbelief? It was like that for months, every meeting!
Good point, that never crossed my mind. It will be interesting if the situation is addressed in the next set of accounts due out in a couple of months.From the CCFC point of view they need something sorted a bit sooner than that because of signing off two years of accounts as going concerns before the lease is up. I
This statement is why the Trust should be let near the club.
Yes, worrying that JE is held in such high regard and gets away pretty much scot free.
I despair !!Bet they aren't now, pitch is not in a good state at all.
Why?
If I were Wasps I'd be bloody delighted if the football club bogged off to Bogota (or Balsall Common).
But they re-paid the debt by using borrowed money from the bond scheme.Weren’t SISU asked time and time again for a business plan which they never produced, the council always needed to shift Arena liabilities to someone else, SISU were not going to take those debts on. I think it was clear all SISU wanted to do was let someone else take a hit on the debt, acquire the asset, flip it at a profit and bugger off.
On the other hand Wasps wanted to move in, embed and invest and they had what appeared to be a credible plan. Also as Wasps have paid off all Council debts should they fail then there is no liability on the tax payers, the bond holders get stuffed & if they do I for one shall not lose any sleep.
Imagine if joy did it and paid herself back a few mill...But they re-paid the debt by using borrowed money from the bond scheme.
Looking at it now it is no different to the Glazers at Manchester United, they took over by borrowing the money.
I also noted the wasps owner made sure he had his money back 1st off.
Did the viable business plan that Wasps put forward mention the fact they would borrow 30 odd million within weeks.
But they re-paid the debt by using borrowed money from the bond scheme.
Looking at it now it is no different to the Glazers at Manchester United, they took over by borrowing the money.
I also noted the wasps owner made sure he had his money back 1st off.
Did the viable business plan that Wasps put forward mention the fact they would borrow 30 odd million within weeks.
Who would give a fukc if we were top of the PL ?Imagine if joy did it and paid herself back a few mill...
Who would give a fukc if we were top of the PL ?
I should think so, wasn't knowledge of the Wasps bond prospectus in the public domain for some time before ACL was sold to them?But they re-paid the debt by using borrowed money from the bond scheme.
Looking at it now it is no different to the Glazers at Manchester United, they took over by borrowing the money.
I also noted the wasps owner made sure he had his money back 1st off.
Did the viable business plan that Wasps put forward mention the fact they would borrow 30 odd million within weeks.[/QUOTE]
Life's funny like that.You're not so easily bribed, are you? You want SISU gone at all costs, surely?
They may well have been captain , would that not make it worse considering members of ccc were convinced the football club would just lump debt onto it.I should think so, wasn't knowledge of the Wasps bond prospectus in the public domain for some time before ACL was sold to them?
I'm pretty sure the bonds were mentioned on this site well before it was formally issued. Can anyone remember when?
They may well have been captain , would that not make it worse considering members of ccc were convinced the football club would just lump debt onto it.
But that's the problem. SISU use those tactics and people go mad branding them a disgrace. Wasps do the same and its hailed as good business.
totally agree Italia!Who would give a fukc if we were top of the PL ?
CCFC were never going to get the stadium no matter what they did. The dice was always loaded against them. As I said, you would think it would anger CCFC fans, but apparently not.
It does anger me !
I do think if Sisu had tried early in their tenure they would now own the stadium.
please tell me at what point was the dice loaded against them ?
Was it when Joy said the stadium was worthless ?
Was it when they stopped paying the rent?
Was it when they tried to negotiate Acl's loan behind their back?
Was it when they moved the club to sixfields ?
Must have been the protesters fucking wankers.Bet they aren't now, pitch is not in a good state at all.
Those who set up FC United seemed to...Who would give a fukc if we were top of the PL ?
That was a great day, even got on the tele with my son.Simple.
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