Neither council leader Ann Lucas or Joy Seppala, Coventry City’s hedge fund owner’s Sisu’s boss, are willing to disclose any details of their private talks nearly a fortnight ago - or say whether the two are still in communication.
This interests me:
Mr Powell told listeners Mr Reeves had said his goal was to “get the club back in the city”, adding: “He sees it as a building block in terms of getting the club back in on a rental deal leading to a sale of the freehold if it’s there to be sold.”
So basically what the Council are saying is that they want SISU to show guarantees before it sells the freehold, you would think this sounds fair enough and after the way the Ricoh rental situation has been dealt with by SISU over the last few years very plausable as well.
This interests me:
Mr Powell told listeners Mr Reeves had said his goal was to “get the club back in the city”, adding: “He sees it as a building block in terms of getting the club back in on a rental deal leading to a sale of the freehold if it’s there to be sold.”
So basically what the Council are saying is that they want SISU to show guarantees before it sells the freehold, you would think this sounds fair enough and after the way the Ricoh rental situation has been dealt with by SISU over the last few years very plausable as well.
ooooor theya re saying we want ccfc back asap and then keep leading them on a giant goose chase everytime they try to buy the club.
Don't miss that 'if' out though. "if it's there to be sold"
I think that's dependant on SISU though is it not, "if" SISU can show they are willing to be co-operative in this situation then a freehold sale may happen, but like I said after the witholding of the rent and then playing this game of moving the club to Northampton, did you expect CCC to just say "take it"?
It's the Council Chief Executive saying "if it's there to be sold". I'd say that's 'if' regardless of anything else. A plain and simple if, nothing to do with Sisu.
As for expecting the council to say "take it", of course not.
Actually forget it all. I've re-read it and it's not a direct quote of what he said. So it's irrelevent.
mis quote or not hill is right, they are basically syaing we might sell it but probably wont.
mis quote or not hill is right, they are basically syaing we might sell it but probably wont.
No point in selling the freehold if SISU can then just liquidate the club following the sale. I can see the comments now about this "The debts are too high and the owners are unable to 'invest' any more.....the club cannot realistically continue as a going concern.....we had passed the tipping point and insolvent liquidation could not be avoided.......have appointed Paul Appleton as liquidator" Would defeat the point of getting the club back in Coventry.
I agree and have been saying for sometime that trust needs built back up by SISU before the council are going to trust them enough to sell them the freehold.
Something a rental deal over say 5 years may achieve. It's a guess I know, but it's what I'd be looking for if I were the Council and ACL.
Something a rental deal over say 5 years may achieve. It's a guess I know, but it's what I'd be looking for if I were the Council and ACL.
And it's what the council were looking for well before the rental deal when Sisu thinking of buying the Ricoh last time. Mutton said he wanted proof they give a shit about the club. The usual suspects on here went mental that the council dare do that and who do they think they are.
But again IT'S A FUCKING PODCAST! It's up there with bog wall graffiti in terms of reliable sources.
Sadly I fear stubbornness may preclude a rent deal, but I seriously hope I'm wrong.
No point in selling the freehold if SISU can then just liquidate the club following the sale. I can see the comments now about this "The debts are too high and the owners are unable to 'invest' any more.....the club cannot realistically continue as a going concern.....we had passed the tipping point and insolvent liquidation could not be avoided.......have appointed Paul Appleton as liquidator" Would defeat the point of getting the club back in Coventry.
I agree and have been saying for sometime that trust needs built back up by SISU before the council are going to trust them enough to sell them the freehold.
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