Kcic front bid to buy club (5 Viewers)

lewys33 · Jun 20, 2014

Grendel said:
It's irrelevant and best and shameless publicity seeking at worst.
ACL seem not even to have agreed an arrangement anyway so there is no offer.
It's embarrassing. I'm embarrassed this thread is embarrassing - the clubs a laughing stock and this is making us look even more ridiculous.

It is embarassing. Embarassing that offers like this even have to be made.

rupert_bear · Jun 20, 2014

First lets get one thing straight, there is no chance of SISU distressing ACL, that idea has gone for ever. Whatever the outcome of this JR if needs be others will come and rescue or prop up ACL. Second this is all about timing. The big players in this have yet to be identified imo. SISU have a choice, carry on regardless and take the inevitable financial hit or negotiate a deal that gives them some return eventually. I was told the other day that SISU cannot get anyone to the table for investment with the football club and apparently they have tried for months, nobody will talk seriously to them, their reputation in the business world not just the football club one is shite. Certain they want out and this could be a way of what could be a long road back, there is no way back while we are at Northampton. As I said earlier there is a long road ahead to negotiate to get somewhere near to where we want to be and hopefully this is an opening shot in that trip. The alternative is the end of a football club/team called Coventry City and that moment isn't too far away imo.

Nick · Jun 20, 2014

The Gentleman said:
Same as at Sixfields then?

I didn't say it wasn't did I? I'm not the one going on about how the club won't have to pay rent and it is rent free when they clearly will (note that I by no means think the club should play anywhere without paying their way)

lewys33 · Jun 20, 2014

lordsummerisle said:
Makes you wonder ACL didn't let the club stay on a three year contract "whilst the new stadium was being built" doesn't it really?

Three years guaranteed, and with no real likelihood of a new stadium being built would more than likely have been there in perpeptuity.

Let's remember this was with the original deal in place ...........

Nick · Jun 20, 2014

No future with SISU said:
It will not be the club getting the stadium free or cheap, it will be a SISU company. Why would that be a good thing?

I even put it in bold for you but it was obviously lost.

Grendel · Jun 20, 2014

lewys33 said:
It is embarassing. Embarassing that offers like this even have to be made.

There is no offer.

Spionkop · Jun 20, 2014

The bottom line is that the KCIC proposal is a far better deal for Sisu than Northampton. Nobody can argue with that. Even the few on here who try to.
Sisu would be insane to turn it down. There seem to be one or two on here advocating that Sisu get it rent free, totally, utterly. Unbelievable (Jeff).
Try telling your mortgage company or landlord you intend to not pay - see how far you get.

lewys33 · Jun 20, 2014

Grendel said:
Rubbish - there is no offer - ACL haven't been approached.

I would suggest this is the easy part wouldn't you?

torchomatic · Jun 20, 2014

We (the Club) will never own it's own stadium whether it's SISU or anyone else.

No future with SISU said:
It will not be the club getting the stadium free or cheap, it will be a SISU company. Why would that be a good thing?

Jack Griffin · Jun 20, 2014

Grendel said:
Rubbish - there is no offer - ACL haven't been approached.

Of course they have.. idiot.

lewys33 · Jun 20, 2014

Grendel said:
There is no offer.

Is that a fact?

fernandopartridge · Jun 20, 2014

AFCCOVENTRY said:
Have you informed the football league on the rental offer? They need to see this and why sisu will likely turn this down.

Why?

lewys33 · Jun 20, 2014

torchomatic said:
We (the Club) will never own it's own stadium whether it's SISU or anyone else.

So we should accept the groundshare as the only viable option currently?

Grendel · Jun 20, 2014

Jack Griffin said:
Of course they have.. idiot.

Really, what's the "real" offer then?

RPHunt · Jun 20, 2014

Forget the rent offer - I, and I suspect most other fans want SISU gone.

They have been made an offer for the club (which is one more offer than they have ever made for the Ricoh), so why not accept it or show the council how to do things by getting the club valued and making the valuation public?

Spionkop · Jun 20, 2014

If, eventually, we had decent, co-operative, law abiding owners I'm sure the Council will work with them - and that set of decent, law abiding owners will put in a fair offer and the council, eventually, will accept it. To say otherwise is nonsense. And defeatist.

Nick · Jun 20, 2014

RPHunt said:
Forget the rent offer - I, and I suspect most other fans want SISU gone.

They have been made an offer for the club (which is one more offer than they have ever made for the Ricoh), so why not accept it or show the council how to do things by getting the club valued and making the valuation public?

I totally agree, get a valuation for the club and ACL and then somebody can buy both and bring them together! That is the ideal outcome I think.

fernandopartridge · Jun 20, 2014

Grendel said:
It's irrelevant and best and shameless publicity seeking at worst.
ACL seem not even to have agreed an arrangement anyway so there is no offer.
It's embarrassing. I'm embarrassed this thread is embarrassing - the clubs a laughing stock and this is making us look even more ridiculous.

indeed. What level of rent are KCIC going to pay ACL?

lewys33 · Jun 20, 2014

Grendel said:
Really, what's the "real" offer then?

The offer is basically "KCIC" pay rent unless the crowd is over 5000. Obviously there is no "real" offer yet because currently the full details haven't been discussed. I guess it is down to SISU to see if they want to explore this "real" offer you speak off.

lewys33 · Jun 20, 2014

Instead of people saying this is rubbish, wouldn't it be better for the club to explore the option first?

No future with SISU · Jun 20, 2014

diggerdaley said:
Realistically how much is the club worth ? I think Wilson is probably worth more than the club.

SISU will want back the first amount they put into the club ( I think it was £8m to £10m) and then sell the debt, it could be 10p in the pound or higher.

Jack Griffin · Jun 20, 2014

Andy Turners view... http://www.coventrytelegraph.net/news/news-opinion/coventry-city-ricoh-arena-rent-7299973

Godiva · Jun 20, 2014

This will be contender for the most unpopular post today, but this was my immediate reaction on reading the offer and this thread:

'Hmmm - I wonder if someone has now read the judge's preliminary ruling and set in motion a new plan to confuse the situation and put pressure on FL?'

chiefdave · Jun 20, 2014

Grendel said:
Rubbish - there is no offer - ACL haven't been approached.

That's good for SISU isn't it? Imagine the outcry if ML is on CWR this afternoon saying this is fantastic, we're happy to accept and then ACL turn round and say they won't do it.

Win, win really for them, either ACL accept and we're back at the Ricoh making more money or ACL refuse and its great PR for SISU, would get the fans on their side and against ACL.

Skyblueweeman · Jun 20, 2014

italiahorse said:
Can't you just for once be positive on something ?
IMHO Just throwing spanners in the works is very annoying.

It's this sort of 'bury your head in the sand' mentality that's got us into this mess. They're f*&king genuine questions...what is your problem?! It's not throwing a spanner in any works, it's merely asking logical bloody questions...

WM

lewys33 · Jun 20, 2014

Jack Griffin said:
Andy Turners view... http://www.coventrytelegraph.net/news/news-opinion/coventry-city-ricoh-arena-rent-7299973

The bit with the 5,000 may be the downfall, but we will see.

Interesting to think about the potential merchandise increase, and sponsorship as well.

fernandopartridge · Jun 20, 2014

RPHunt said:
Forget the rent offer - I, and I suspect most other fans want SISU gone.

They have been made an offer for the club (which is one more offer than they have ever made for the Ricoh), so why not accept it or show the council how to do things by getting the club valued and making the valuation public?

The council didn't make the valuation of ACL public. Why was that?

Kingokings204 · Jun 20, 2014

Andy turner has really put pressure on sisu here. Great article.

rupert_bear · Jun 20, 2014

Do any of you seriously expect these behind this to negotiate and put details of rent etc on here. I suspect a lot of water has gone under the bridge on this one and KCIC are awaiting a response from sisu, a clever move if you think about it. If sisu are negative what will fans think especially those who go to Sixfields, will they renew their season tickets, will those who go still do so, those who don't won't, this has put sisu a little bit behind the black ball I think.

lordsummerisle · Jun 20, 2014

lewys33 said:
The offer is basically "KCIC" pay rent unless the crowd is over 5000. Obviously there is no "real" offer yet because currently the full details haven't been discussed. I guess it is down to SISU to see if they want to explore this "real" offer you speak off.

Wouldn't it be a genuinely "rent and matchday costs free" offer if there was no charge for the under 5000 crowds, but then the KCIC group picked up all the costs and rent for any crowds over 5000?

Got a feeling that this offer as it stands is the wriong way round?

chiefdave · Jun 20, 2014

Nick said:
I totally agree, get a valuation for the club and ACL and then somebody can buy both and bring them together! That is the ideal outcome I think.

The club is worth the proverbial £1 as an amount has to change hands for the change of ownership to take place. No one would put any value on us, we're losing a fortune and have alienated the majority of our fanbase. Pretty much the only asset we have left is Ryton and the value of that is dwarfed by our debts. For a serious takeover attempt I think you would need access to all the books, which SISU may or may not allow, to see how much is real terms SISU have put in. I would be amazed if it is as much as they claim. Once you have that figure you make them a p in the £ offer to walk away and cancel the debt. You can't put a value on that as it's really down to how much SISU will accept.

Kingokings204 · Jun 20, 2014

There is a poll of the CT website about should sisu accept the offer? Some have said no. 16%atm

What utter arseholes. I lose faith when I see this. Mindless thugs.

lewys33 · Jun 20, 2014

lordsummerisle said:
Wouldn't it be a genuinely "rent and matchday costs free" offer if there was no charge for the under 5000 crowds, but then the KCIC group picked up all the costs and rent for any crowds over 5000?

Got a feeling that this offer as it stands is the wriong way round?

It is a little confusing, obviously it would be a lot clearer if it was completely free!

lewys33 · Jun 20, 2014

Kingokings204 said:
There is a poll of the CT website about should sisu accept the offer? Some have said no. 16%atm

What utter arseholes. I lose faith when I see this. Mindless thugs.

That is because we are financially viable at sixfields - DON'T YOU GET IT?!

lordsummerisle · Jun 20, 2014

Kingokings204 said:
There is a poll of the CT website about should sisu accept the offer? Some have said no. 16%atm

What utter arseholes. I lose faith when I see this. Mindless thugs.

I know, 84% can't do basic arithmetic, really makes my blood boil.

Blame the teachers myself.

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