Labovitch v Shane on CWR now. (3 Viewers)

GaryPendrysEyes · Dec 20, 2013

What is hard to understand are those that don't believe this story, don't believe the stadium will ever be built but don't seem to be bothered about (in their own terms) being lied to and Coventry and it's fans be lied to.

RPHunt · Dec 20, 2013

wingy said:
Has anyone been watching SKY? They've just been cracking up about how realistic It looks ,Reminds them of LEGO and wow how realistic the people look.

Everything they do or say now is hailed with a mixture of outrage and derision.

thaiskyblue · Dec 20, 2013

RPHunt said:
Everything they do or say now is hailed with a mixture of outrage and derision.

i wonder why ?

Mary_Mungo_Midge · Dec 20, 2013

GaryPendrysEyes said:
What is hard to understand are those that don't believe this story, don't believe the stadium will ever be built but don't seem to be bothered about (in their own terms) being lied to and Coventry and it's fans be lied to.

Yes indeed. As long as SISU get the freehold for 'the good of the club' they bleat.

And using the club you purport to love as bargaining chip to get what they want? That's okay is it?

They're akin to John Selwyn Gummer feeding beefburgers to his wide-eyed daughter in the BSE crisis

oldskyblue58 · Dec 20, 2013

oh dear Mr Labovitch :facepalm:.................

GaryPendrysEyes · Dec 20, 2013

Mary_Mungo_Midge said:
Yes indeed. As long as SISU get the freehold for 'the good of the club' they bleat.

And using the club you purport to love as bargaining chip to get what they want? That's okay is it?

They're akin to John Selwyn Gummer feeding beefburgers to his wide-eyed daughter in the BSE crisis

Indeed MMM. The reality is Sisu are just playing around with Coventry and it's people, and not in the most subtle of ways. They are not 'we' or 'us' but a hedge fund increasingly focused on 'them' and 'their' investors.

oldskyblue58 · Dec 20, 2013

" the ground will be financed by a mix of equity and finance" ....... Otium havent got any assets to contribute (cash or otherwise) neither has SBS&L so that must mean that it will be financed entirely by loans from ARVO, SISU investors or third parties doesnt it?

GaryPendrysEyes · Dec 20, 2013

oldskyblue58 said:
" the ground will be financed by a mix of equity and finance" ....... Otium havent got any assets to contribute (cash or otherwise) neither has SBS&L so that must mean that it will be financed entirely by loans from ARVO, SISU investors or third parties doesnt it?

Yes it does. How long to break even, never mind a profit, on a 20m outlay in div 1 football? An attractive proposition?

covspain · Dec 20, 2013

Matty_CCFC said:
Just ben informed that Tim Fisher was having a meal in Kenilworth last night than with none other than our old friend Mr Clarke.

Which Mr Clarke?

covcity4life · Dec 20, 2013

i heard he was with byng

AFCCOVENTRY · Dec 20, 2013

What time was the interview on Shane's show? Will try and listen to it on catch up.

Captain Dart · Dec 20, 2013

AFCCOVENTRY said:
What time was the interview on Shane's show? Will try and listen to it on catch up.

I'd just got to work at 8ish when they said he was due on in a few mins..

John_Silletts_Nose · Dec 20, 2013

oldskyblue58 said:
" the ground will be financed by a mix of equity and finance" ....... Otium havent got any assets to contribute (cash or otherwise) neither has SBS&L so that must mean that it will be financed entirely by loans from ARVO, SISU investors or third parties doesnt it?

As a private equity firm that is how it would be financed and nothing wrong with that model in a business sense except that the investors will expect a decent ROI and I cannot see how that can be delivered. Investors can find better investments.

thaiskyblue · Dec 20, 2013

labovtich, fisher, dulex, enwe, joy can certainly pick them.

ohitsaidwalker king power · Dec 20, 2013

AFCCOVENTRY said:
What time was the interview on Shane's show? Will try and listen to it on catch up.

http://www.bbc.co.uk/programmes/p01m34y9

1:08mins. 56secs into this....if it doesnt start at that point?

*edit... as is PC protocol... some listeners may find the message within disturbing.

chiefdave · Dec 20, 2013

just listening back to it again, Labovitch states that the Rioch is unsustainable with £14m of debt (what he calls huge debts). Given that this stadium is a third of the size and missing all the additonal facilities how low are SISU going to have to keep the borrowing.

Well either that or he's just making it up as he's going along and can't back it up.

RPHunt · Dec 20, 2013

A message for Mark Labovitch:

[video=youtube_share;DaSxmfeYCUQ]http://youtu.be/DaSxmfeYCUQ[/video]

oldskyblue58 · Dec 20, 2013

From what I understand from the accounts Otium already owe Arvo 9.1m so add to than the equity loans they will need to put in for the "new ground" I would say CCFC group will have just as much interest bearing loans with an additional £28m unsecured in SBS&L. Will they turn a profit any time in the next 5 years? You would have to think that the CCFC borrowings are higher (and growing) than ACL plus it would seem the turnover lower than ACL.

pot and kettle come to mind

edit Not only that but the loan ACL have is all structured long term and with a secure lender that is not likely to be very volatile...... where as private equity and hedge funds can change direction very easily and not usually medium let alone long term

Johnnythespider · Dec 20, 2013

Just listened to this, blustering bafoon comes to mind. How the hell do these people become directors of anything.

James Smith · Dec 20, 2013

GaryPendrysEyes said:
Yes it does. How long to break even, never mind a profit, on a 20m outlay in div 1 football? An attractive proposition?

I once (early 90s) lheard an interview with an ex owner of a football club who said that it had given him two of the happiest days of his life. Namely the day he bought it and the day he sold it.

ohitsaidwalker king power · Dec 20, 2013

Johnnythespider said:
Just listened to this, blustering bafoon comes to mind. How the hell do these people become directors of anything.

Except traffic.... (with respect to those wardens of a persuasion to do same)

wingy · Dec 20, 2013

ohitsaidwalker king power said:
http://www.bbc.co.uk/programmes/p01m34y9

1:08mins. 56secs into this....if it doesnt start at that point?

*edit... as is PC protocol... some listeners may find the message within disturbing.

Well I thought Yan encapsulated the views of the Lions In a manner not consistent of a Donkey ,however much maligned they've been .

James Smith · Dec 20, 2013

chiefdave said:
just listening back to it again, Labovitch states that the Rioch is unsustainable with £14m of debt (what he calls huge debts). Given that this stadium is a third of the size and missing all the additonal facilities how low are SISU going to have to keep the borrowing.

Well either that or he's just making it up as he's going along and can't back it up.

And our club is sustainable with the debt levels and attendances that we're getting?:facepalm:

oldskyblue58 · Dec 20, 2013

apparently Plan A is not a new stadium :facepalm:

http://www.coventrycity-mad.co.uk/n...he_preferred_option__claim_819282/index.shtml

chiefdave · Dec 20, 2013

oldskyblue58 said:
apparently Plan A is not a new stadium :facepalm:

Sounds like ACL have had caller ID installed!

shmmeee · Dec 20, 2013

Well they wouldn't be calling ACL as rental is not an option.

My guess is Sisu said "give us the free hold" CCC said "make an offer or stop pissing about" and now Sisu are claiming "we're not being talked to".

Just like with ACL before them: a) can you blame anyone for refusing to deal with Sisu? b) we've seen this tactic to get public pressure on your side. I expect a GCBTTR press release any day now.

wingy · Dec 20, 2013

oldskyblue58 said:
apparently Plan A is not a new stadium :facepalm:

http://www.coventrycity-mad.co.uk/n...he_preferred_option__claim_819282/index.shtml

Which kind of backs up Grendels and others recent assertions on here that SISU need the plans to foster opinion through the likes of KCIK ,GCBTTR and Les Reid @ the CCC .
The fact that STeve Carpenter Is tweetng this suggests he's behind the Curve or recently briefed which spells desperation.

wingy · Dec 20, 2013

OH and Tim Fisher has Zero credibility.:jerkit:

grego_gee · Dec 20, 2013

Also at 2:07 - 2:18 interview with a director of the Architects firm

Jack Griffin · Dec 20, 2013

Matty_CCFC said:
Just ben informed that Tim Fisher was having a meal in Kenilworth last night than with none other than our old friend Mr Clarke.

Found on gmk

Labovitch v Shane on CWR now. (3 Viewers)

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