How does this end? (1 Viewer)

Jimmy Hill's Chin · Dec 17, 2016

Following the confirmation yesterday by Fisher that (a) SISU will not invest in the club and (b) they have no intention of selling as they will simply cut their cloth to break even whatever level we end up at, we need to think of some scenarios to change this seemingly inevitable drift of a once proud club into non-league obscurity.

The following appear to be the only potential alternatives to the slow death of the club:

Sale - SISU get an offer they can't refuse and sell up. Although possible this seems unlikely as we have no assets and are therefore not an attractive investment proposition.

Liquidation - SISU decide to end the club more quickly than envisaged. Would allow a new club to emerge but at a very low level. This might be preferable to the status quo as we'd be shot of SISU a lot quicker and the end destination is probably the same.

Third party interference - the FA and the Football League step in to remove SISU as owners on the grounds that they are bringing the game into disrepute and are unfit owners. I know they have refused to get involved before but I think our case study is now the bleakest of any club in the Football League considering where the club has fallen from. I think our most realistic bet is to move heaven and earth to get the FA and Football League to intervene. It may take years but it might be the only way the club doesn't end up playing in the Midland Combined Premier Division (or whatever it's called) against the likes of Hinckley, Rugby and Leamington at this rate. We should all write to the FA and Football League and the Minister of Sport.

ccfcway · Dec 17, 2016

I think Wimbledon was bleaker than ours. No one will get involved and why would they. The owners are running a break even club, which ironically would suit FL down to the ground, as it promotes sensible business practices.

Nick · Dec 17, 2016

I don't get why the break even stuff is big news? I've said for months now if crowds go down, they will just cut the budget to suit so it balances the books.

The football league can't do anything because the owners won't plough money in.

chiefdave · Dec 17, 2016

Nick said:
I don't get why the break even stuff is big news?

Its a bit odd, there's virtually nothing Fisher said in either radio appearance yesterday that he hasn't said before or that hasn't been known for ages but suddenly people are furious like he's dropped a bombshell.

Nick · Dec 17, 2016

ccfcway said:
I think Wimbledon was bleaker than ours. No one will get involved and why would they. The owners are running a break even club, which ironically would suit FL down to the ground, as it promotes sensible business practices.

Exactly!

They can't force owners to put money in the club can generate or pay back.

The only way is out and out criminality.

Stuchop · Dec 17, 2016

Everybody stop going to games, buying merchandise, etc and picket SISU at their homes, places of work, etc

Bob Latchford · Dec 17, 2016

Jimmy Hill's Chin said:
Following the confirmation yesterday by Fisher that (a) SISU will not invest in the club and (b) they have no intention of selling as they will simply cut their cloth to break even whatever level we end up at, we need to think of some scenarios to change this seemingly inevitable drift of a once proud club into non-league obscurity.

The following appear to be the only potential alternatives to the slow death of the club:

Sale - SISU get an offer they can't refuse and sell up. Although possible this seems unlikely as we have no assets and are therefore not an attractive investment proposition.

Liquidation - SISU decide to end the club more quickly than envisaged. Would allow a new club to emerge but at a very low level. This might be preferable to the status quo as we'd be shot of SISU a lot quicker and the end destination is probably the same.

Third party interference - the FA and the Football League step in to remove SISU as owners on the grounds that they are bringing the game into disrepute and are unfit owners. I know they have refused to get involved before but I think our case study is now the bleakest of any club in the Football League considering where the club has fallen from. I think our most realistic bet is to move heaven and earth to get the FA and Football League to intervene. It may take years but it might be the only way the club doesn't end up playing in the Midland Combined Premier Division (or whatever it's called) against the likes of Hinckley, Rugby and Leamington at this rate. We should all write to the FA and Football League and the Minister of Sport.

Would it be possible for the Council to buy sisu out , merge with Wasps and, everyone moves on ?

ccfcway · Dec 17, 2016

chiefdave said:
Its a bit odd, there's virtually nothing Fisher said in either radio appearance yesterday that he hasn't said before or that hasn't been known for ages but suddenly people are furious like he's dropped a bombshell.

To be fair, he has never been as clear that the owners have little interest in the club or its league position. He has also never turned on the customers (fans) in the way he did yesterday.

It's the hope that kills you, but it appears fisher killed that hope for many yesterday.

rondog1973 · Dec 17, 2016

Didn't hear all of yesterdays phone in. Was he asked about the new stadium site nonsense in light of confirmation of no further investment?

ccfcway · Dec 17, 2016

rondog1973 said:
Didn't hear all of yesterdays phone in. Was he asked about the new stadium site nonsense in light of confirmation of no further investment?

Yep, he is in talks with a site this week

rondog1973 · Dec 17, 2016

ccfcway said:
Yep, he is in talks with a site this week

Ha ha! An outright contradiction then.

clint van damme · Dec 17, 2016

Jimmy Hill's Chin said:
Following the confirmation yesterday by Fisher that (a) SISU will not invest in the club and (b) they have no intention of selling as they will simply cut their cloth to break even whatever level we end up at, we need to think of some scenarios to change this seemingly inevitable drift of a once proud club into non-league obscurity.

The following appear to be the only potential alternatives to the slow death of the club:

Sale - SISU get an offer they can't refuse and sell up. Although possible this seems unlikely as we have no assets and are therefore not an attractive investment proposition.

Liquidation - SISU decide to end the club more quickly than envisaged. Would allow a new club to emerge but at a very low level. This might be preferable to the status quo as we'd be shot of SISU a lot quicker and the end destination is probably the same.

Third party interference - the FA and the Football League step in to remove SISU as owners on the grounds that they are bringing the game into disrepute and are unfit owners. I know they have refused to get involved before but I think our case study is now the bleakest of any club in the Football League considering where the club has fallen from. I think our most realistic bet is to move heaven and earth to get the FA and Football League to intervene. It may take years but it might be the only way the club doesn't end up playing in the Midland Combined Premier Division (or whatever it's called) against the likes of Hinckley, Rugby and Leamington at this rate. We should all write to the FA and Football League and the Minister of Sport.

why would you liquidate something that's just turned a profit? Ridiculous idea any way.

Why would the FA and football league get involved? They've introduced financial fair play rules to protect against reckless spending, why would they sanction owners that run a tight ship.

The fact the club is going nowhere with owners who couldn't give a flying fuck about it is of absolutely no consequence to the footballing authorities.

Suffolk sky blues · Dec 17, 2016

Tim fisher has to be the target he is the problem

torchomatic · Dec 17, 2016

Bob Latchford said:
Would it be possible for the Council to buy sisu out , merge with Wasps and, everyone moves on ?

Yeah, great idea. Let's jump from the frying pan into the fire with another hedge fund. :finger:

Samo · Dec 17, 2016

chiefdave said:
Its a bit odd, there's virtually nothing Fisher said in either radio appearance yesterday that he hasn't said before or that hasn't been known for ages but suddenly people are furious like he's dropped a bombshell.

I think that's because everyone had worked themselves up into a lather about takeovers and were expecting 'Happy Xmas City Fans...help is on it's way!' Instead they got the same old bollocks but it just sounded even more hollow than usual because of the rumors.

Nick · Dec 17, 2016

Bob Latchford said:
Would it be possible for the Council to buy sisu out , merge with Wasps and, everyone moves on ?

So you want the council to buy ccfc to merge with wasps? Surely wasps would need to buy ccfc?

covmark · Dec 17, 2016

Bob Latchford said:
Would it be possible for the Council to buy sisu out , merge with Wasps and, everyone moves on ?

Fuck sake Bob, you come out with some corkers sometimes, but this takes the biscuit.

Sent from my HTC One_M8 using Tapatalk

Bob Latchford · Dec 17, 2016

covmark said:
Fuck sake Bob, you come out with some corkers sometimes, but this takes the biscuit.

Sent from my HTC One_M8 using Tapatalk

Is that a no from you then ?

stupot07 · Dec 17, 2016

torchomatic said:
Yeah, great idea. Let's jump from the frying pan into the fire with another hedge fund. :finger:

And one that recently admitted that their priority is property development and the rugby club is very much a side show.

Sent from my SM-G930F using Tapatalk

covmark · Dec 17, 2016

Bob Latchford said:
Is that a no from you then ?

You want the council to buy the club and then just hand it over to wasps. I'm sure the Coventry taxpayers would be over the moon with that. Would never happen and could never happen.

Sent from my HTC One_M8 using Tapatalk

Bob Latchford · Dec 17, 2016

covmark said:
You want the council to buy the club and then just hand it over to wasps. I'm sure the Coventry taxpayers would be over the moon with that. Would never happen and could never happen.

Sent from my HTC One_M8 using Tapatalk

No ! I was thinking of the council owning CCFC and going into partnership with Wasps . has to be better than sisu surely ?

covmark · Dec 17, 2016

Bob Latchford said:
No ! I was thinking of the council owning CCFC and going into partnership with Wasps . has to be better than sisu surely ?

So at a time of massive council cuts, they'll just find the money to buy a football club. Like I say, the taxpayers would be over the moon.
What makes you think wasps would want to merge with the football club?
Why would we want to be merged with another club owned by another hedge fund?

Sent from my HTC One_M8 using Tapatalk

Bob Latchford · Dec 17, 2016

covmark said:
So at a time of massive council cuts, they'll just find the money to buy a football club. Like I say, the taxpayers would be over the moon.
What makes you think wasps would want to merge with the football club?
Why would we want to be merged with another club owned by another hedge fund?

Sent from my HTC One_M8 using Tapatalk

Just asking a question . it may be possible , it may not . but ,I do know one thing - sisu isn't the future for CCFC.

covmark · Dec 17, 2016

Bob Latchford said:
Just asking a question . it may be possible , it may not . but ,I do know one thing - sisu isn't the future for CCFC.

I think we all agree on your last sentence.
The council have screwed the club for years, what makes you think they'd save us now? The franchise have issues of their own to deal with, what makes you think they'd save us?
Sisu need to fuck off sharpish, but the council and wasps aren't the answer.

Sent from my HTC One_M8 using Tapatalk

Bob Latchford · Dec 17, 2016

covmark said:
I think we all agree on your last sentence.
The council have screwed the club for years, what makes you think they'd save us now? The franchise have issues of their own to deal with, what makes you think they'd save us?
Sisu need to fuck off sharpish, but the council and wasps aren't the answer.

Sent from my HTC One_M8 using Tapatalk

What do you think the answer is then ?

covmark · Dec 17, 2016

Bob Latchford said:
What do you think the answer is then ?

We need Sisu to get real with their asking price and someone to come in and takeover. Preferably someone extremely rich and someone who hasn't previously been involved in this constant fuck up. Is it too much to ask? Probably.

Sent from my HTC One_M8 using Tapatalk

Kingokings204 · Dec 17, 2016

How does this end?

It ends one of two ways for me, it ends with with new owners or ends with us going bust. Fisher said so himself yesterday. I just hope it's the former.

rupert_bear · Dec 17, 2016

If there are interested parties out there as this'll Malaka bloke says there could be the time is right for them to make themselves known I think

Irish Sky Blue · Dec 17, 2016

torchomatic said:
Yeah, great idea. Let's jump from the frying pan into the fire with another hedge fund. :finger:

I think we are already in the fire

torchomatic · Dec 17, 2016

Irish Sky Blue said:
I think we are already in the fire

Yes, which is why we should avoid hedge funds at all costs in the future.

Sky Blue Harry H · Dec 17, 2016

I want to support my team, but I want to protect / save my club more. Even if crowds got back up to 15k, now that TF has confirmed the current profit making model still leading to probable players leaving (I'm guessing he meant those of value, not just our unwanted gang), then what leads us to believe any extra revenue would not be diverted back into shareholder's pockets. He says about ensuring every penny ends up on the pitch,b ut how does that equate to us making a circa £500k-£1M profit?
The man is an accomplished speaker (if patronising), but the more he speaks, the more inconsistencies reveal themselves, and he clearly has little care for the fanbase. If he ran a shop and customers complained about the quality of the goods, he would just buy a smaller shop and sell less of the same goods?!?! Go figure.

Captain Dart · Dec 17, 2016

Bob Latchford said:
No ! I was thinking of the council owning CCFC and going into partnership with Wasps . has to be better than sisu surely ?

No it doesn't, if you have any more ideas just write them down, we'll contact you.

Grendel · Dec 18, 2016

The break even story is not the issue. Some clubs run at a profit in this league.

The issue is there is no funding source to balance cash flow. The club has to self fund and has to have available cash to pay all outgoings.

I don't actually know how it's managing to do it.

chiefdave · Dec 18, 2016

Pretty clear how it ends. The club will continue to drop until we reach a level where the income is sufficient to support the level we have reached. Realistically, if nothing changes with regards to stadium ownership and / or revenue access, that could very well mean dropping out of the league.

Fergusons_Beard · Dec 18, 2016

chiefdave said:
Pretty clear how it ends. The club will continue to drop until we reach a level where the income is sufficient to support the level we have reached. Realistically, if nothing changes with regards to stadium ownership and / or revenue access, that could very well mean dropping out of the league.

Finally someone talking sense on here!!

Exactly what I was thinking.

Sent from my iPhone using Tapatalk

How does this end? (1 Viewer)

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Administrator

Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency