So it's unlikely it was the fact he disagreed with the sale of Fox and Dann and on the direction which they decided to steer the club.No he resigned when the football league started sniffing round his loans to Cardiff City.
His loans to he club were at twice the interest rates of sisu loans.
No, I've never forgotten that, however back then sisu were happy to fund losses, its only been in the last 12-18 months were Sisu have said they won't put anymore money in and that we have to breakeven.Absolute rubbish stupot07.... Have you got selective memory or what?... Almost at the beginning of SISU tenure(When Coleman was brought in) RR/SISU quotes of "22k is break even" or do you conveniently forget that "Famous quote"
So it's unlikely it was the fact he disagreed with the sale of Fox and Dann and on the direction which they decided to steer the club.
Having listened to the porkies that our owners have put out over the years , I know who I tend to believe.
They won't get the money and that's why we know they will not build a new stadium, so it's time to just stop the pretence and say there IS no new stadium. This is why we try to piggy back ourselves on stuff like the Butts development.
They dare not say that though. It's all smoke and mirrors and they have to keep up the pretence.
For the life of me I don't know why we keep talking of new stadiums on here. Never going to happen while Sisu are in charge.
They have been looking for investors for years now. No-one is interested.
The only way we will have a new stadium is under new ownership.
You,ve never forgotten, yet your latest post making out it is a "New" thing!No, I've never forgotten that, however back then sisu were happy to fund losses, its only been in the last 12-18 months were Sisu have said they won't put anymore money in and that we have to breakeven.
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You,ve never forgotten, yet your latest post making out it is a "New" thing!
So "Break even in 2007" is totally different to "Break even in 2016" is it?.....Load of rubbish Nick!He pointed out the difference and what has changed.
Fisher got away without being effectively pressed on the new stadium farce during last weeks interview. Their model is clearly a zero funding model so never going to invest their own capital and there won't be a long list of "partners" willing to cosy up with SISU and deliver a new stadium.Correct !!!
You,ve never forgotten, yet your latest post making out it is a "New" thing!
So "Break even in 2007" is totally different to "Break even in 2016" is it?.....Load of rubbish Nick!
How is it rubbish?
You are talking about the figure of attendance needed for the club to not lose money but losses covered.
Now it's in reference to the whole club being self sustained.
That's what has changed which is what he meant and where "new" has come into it.
Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.
Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.
No, the "new thing" is we are now truly on our own. In the past SISU would put their hand in their pocket, but no longer, so we really do have to break even now.
One thing I've always wondered, didn't we get told we were debt free not so long ago? If so why are we suddenly 10's of millions in debt again? When we were apparently losing 5-10 million a year?
Do you mean "Break even" is only "Break even" when it suits your argument? but are mere words when it doesn't?Oh come on, have the grace to listen to what people are telling you. No one is having a "go", they are simply explaining the differences.
Do you mean "Break even" is only "Break even" when it suits your argument? but are mere words when it doesn't?
Yes, I think that was one of Ranson's Follys.
Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.
Do you mean "Break even" is only "Break even" when it suits your argument? but are mere words when it doesn't?
But wasn't it said more recently? By Fisher? I may be wrong, but I seem to recall something said along the lines of debt free.
Also, surely we should have been "debt free" after administration?
Ranson was just a skilled liar - fisher a poor one. You do know about his prozone loans to the club and the whacking interest rates do you?
I don't know to be honest, you may be correct. I only remember it coming from Ranson.
How is it rubbish?
You are talking about the figure of attendance needed for the club to not lose money but losses covered.
Now it's in reference to the whole club being self sustained.
That's what has changed which is what he meant and where "new" has come into it.
But wasn't it said more recently? By Fisher? I may be wrong, but I seem to recall something said along the lines of debt free.
Also, surely we should have been "debt free" after administration?
Ray Ranson Said....Quote[ Coventry City FC is one of only 3-4 Football Clubs in Britain, that are "Debt Free"]Unquote
Yes you're right. Fisher said that we are "Debt Free"
Why does administration mean new owners? Like Otium are new owners you mean?
No I'm not! I'm talking "Break even" nothing to do with "Losses Covered"
Not going to argue Nick, "Break even" means "Break even" only it's not when it suits.
They won't get the money and that's why we know they will not build a new stadium, so it's time to just stop the pretence and say there IS no new stadium. This is why we try to piggy back ourselves on stuff like the Butts development.
They dare not say that though. It's all smoke and mirrors and they have to keep up the pretence.
For the life of me I don't know why we keep talking of new stadiums on here. Never going to happen while Sisu are in charge.
They have been looking for investors for years now. No-one is interested.
The only way we will have a new stadium is under new ownership.
on 6th march 2015.....
It has also been revealed the club had £61m of loans wiped off in order to satisfy Football League rules after part of it entered administration.
'Long term success'
Sky Blues chairman Tim Fisher said that the loans were converted into shares when the club, previously owned by Sisu, was sold to the Otium Entertainment Group as a result of league rules which do not allow debt to be carried over.
Listen Nicola Numbnuts, the words "Break even" were quoted by Ranson, and the words "Break even" that were quoted by SISU mean exactly that! "Break even" is that too hard to comprehend Nicola Numbnuts?Listen Theresa, having a break even figure and refusing to fund beyond that figure are two different things. Hence the phrase "over budget" existing.
Listen Nicola Numbnuts, the words "Break even" were quoted by Ranson, and the words "Break even" that were quoted by SISU mean exactly that! "Break even" is that too hard to comprehend Nicola Numbnuts?
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