Latest SISU Press Release.... (1 Viewer)
- Thread starter Notorious B.I.Girimana
- Start date
Sub
Well-Known Member
Club ask for talks concerning rent and matchday revenues at Ricoh Arena
On Friday, 5th April we once again made it clear to Martin Reeves - Chief Executive of Coventry City Council and a director of ACL - that we want a negotiated solution, if necessary with a mediator to resolve the on-going dispute concerning the rent and match-day revenues at the Ricoh Arena.
We have asked Martin to respond by Friday 12th April.
The Club's owners are 100% committed to its long-term future and are determined to put the club on a sustainable business footing to ensure its viability and success going forward.
more good news :thinking about::thinking about:
On Friday, 5th April we once again made it clear to Martin Reeves - Chief Executive of Coventry City Council and a director of ACL - that we want a negotiated solution, if necessary with a mediator to resolve the on-going dispute concerning the rent and match-day revenues at the Ricoh Arena.
We have asked Martin to respond by Friday 12th April.
The Club's owners are 100% committed to its long-term future and are determined to put the club on a sustainable business footing to ensure its viability and success going forward.
more good news :thinking about::thinking about:
RoboCCFC90
Well-Known Member
3 Options here
1) SISU believe that after all the dust settles they will still be in control of CCFC
2) Preparing to bring the club and the ground together
3) Are truly not in touch with what is going on with speculation PHIV's bid..
1) SISU believe that after all the dust settles they will still be in control of CCFC
2) Preparing to bring the club and the ground together
3) Are truly not in touch with what is going on with speculation PHIV's bid..
Manchester_sky_blue
Well-Known Member
If the golden share truly does lie with CCFC ltd then Sisu are not the owners anymore and not in any position to ask for such a meeting.....
RoboCCFC90
Well-Known Member
It's just whether you believe SISU are serious in this statement or saying to make the fans happy..
Sky blue north east
Member
Im making a statement here goes !! Sisu shut the feck up and get out!!!
Nonleagueherewecome
Well-Known Member
Is this a statement that they actually meant to release 3 months ago?
oldskyblue58
CCFC Finance Director
Just a small query ..... isnt the lease and licence in CCFC Ltd and therefore at this stage the only discussions that can take place are between administrator and ACL?
Also if ACL said well we dont want a new lease or even the existing lease with the current club owners so dont want to negotiate where does that leave things?
I also thought that the 29th January proposal was the final offer, so what is there to negotiate?
I read this as an attempt to try prove that SISU owned CCFC is being reasonable and that any failure to negotiate is firmly placed on ACL
*** edit of course that assumes the administrator is acting for the company to which he was appointed rather than jointly with any other party....... not that he has ever done that so far
Also if ACL said well we dont want a new lease or even the existing lease with the current club owners so dont want to negotiate where does that leave things?
I also thought that the 29th January proposal was the final offer, so what is there to negotiate?
I read this as an attempt to try prove that SISU owned CCFC is being reasonable and that any failure to negotiate is firmly placed on ACL
*** edit of course that assumes the administrator is acting for the company to which he was appointed rather than jointly with any other party....... not that he has ever done that so far
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J
Jack Griffin
Guest
Interesting they used Martin Reeve's name directly & his position as CE of the Council.. that is a PR stunt if ever there was one, implying the council pull all the strings.
Mary_Mungo_Midge
Well-Known Member
Who is the 'we' referred to in the first few words?
Until the administrators have forensically unravelled who owns what and whom; surely whoever posted this farce can't even answer who 'they' are, or what 'their' interest in continued dialogue with the stadium owners can or will be?!?
As such, a total waste of words :facepalm:
Manchester_sky_blue
Well-Known Member
Mary_Mungo_Midge
Well-Known Member
Prepare for it to be used out of context as a sign of the-flexibility-that-was-offered-but-spurned when the golden share's location is revealed. I can see it now: 'it should never have come to this. I remember when we offered, etc. etc....'
dongonzalos
Well-Known Member
The problem I can see with it. Is they intend to stick around and that they think after everything that ACL are going to want to negotiate with them.
ACL have clearly stipulated that is has gone past that stage mediator or not.
So really it is a statement that was relevant about 4 months ago.
I can only guess that they will get a reply to that affect so what was the point?
hill83
Well-Known Member
I agree. I meant the statement itself is fine, but the intent behind it? Maybe not.
Sky Blue Pete
Well-Known Member
Yep who is we?? Linell please ask
Mary_Mungo_Midge
Well-Known Member
Sconset Capital owns....
Sky Blue Sports & Leisure Limited, which owns....
Otium Entertainment Group Limited, which owns....
CCFC (Holdings) Limited, which owns....
CCFC Limited, which is in administration.
We also have SISU Capital who's job it is to manage the overall funds, and ARVO Master Fund Limited, which is now 'the investor' in CCFC - and took a debenture over assets right down to the lawnmover in March '12.
So, who's 'we' again? :thinking about:
Sky Blue Sports & Leisure Limited, which owns....
Otium Entertainment Group Limited, which owns....
CCFC (Holdings) Limited, which owns....
CCFC Limited, which is in administration.
We also have SISU Capital who's job it is to manage the overall funds, and ARVO Master Fund Limited, which is now 'the investor' in CCFC - and took a debenture over assets right down to the lawnmover in March '12.
So, who's 'we' again? :thinking about:
James Smith
Well-Known Member
dongonzalos
Well-Known Member
No strange one.
Unless like OSB thinks it is purely to potty the picture of a organisation continuing to ask for a resolution against one is unreasonable.
I assume there is some legal advantage to portraying such an image.
I hope there are official minutes of all previous negotiations that suggest otherwise.
RichieGunns
New Member
It's the same of regurgitated shite...pleas leave SISU!
RoboCCFC90
Well-Known Member
Cdn you please define usual mugs?
covmark
Well-Known Member
Another constructive post from the resident plank. Zzzzzzzzzzzz
TheParsonsHose
Member
Club ask for talks concerning rent and matchday revenues at Ricoh Arena
On Friday, 5th April we once again made it clear to Martin Reeves - Chief Executive of Coventry City Council and a director of ACL - that we want a negotiated solution, if necessary with a mediator to resolve the on-going dispute concerning the rent and match-day revenues at the Ricoh Arena.
We have asked Martin to respond by Friday 12th April.
The Club's owners are 100% committed to its long-term future and are determined to put the club on a sustainable business footing to ensure its viability and success going forward.
more good news :thinking about::thinking about:
Perhaps they should all refuse to work with SISU now and leave them out in the cold. Maybe this could force their hand to sell the club?
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mattylad
Member
I would go back to my thread on SISU thinking they were the only game in town due to an inability to attract other investors. Now the American has turned up they are unclear of the position they find themselves in.
If one side has a negotiated solution with ACL and the other does not then the administrator would have to take that in to consideration. If however SISU could show that the creditor refused to enter negotiation then they could request the administrator nulify that from his final decision.
If one side has a negotiated solution with ACL and the other does not then the administrator would have to take that in to consideration. If however SISU could show that the creditor refused to enter negotiation then they could request the administrator nulify that from his final decision.
It smacks of a desperate attempt by someone to show that they (SISU) still have some relevant part to play. It seems as if the other players in this drama would rather talk to the administrator as they believe he is in control of the parts of the club that matter.
'Tis a pity that the appeal was withdrawn - I was looking forward to the Football League's response as it may have given some insight into what exactly the company in administration does control.
'Tis a pity that the appeal was withdrawn - I was looking forward to the Football League's response as it may have given some insight into what exactly the company in administration does control.
dongonzalos
Well-Known Member
If the doors of perception were cleansed, everything would appear to man as it is
J
Jack Griffin
Guest
Simple enough, offer both of them the same deal they had when negotiations were last halted.
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