Message from Seppala (1 Viewer)

oldskyblue58

CCFC Finance Director
Didn't they say this summer that £500,000 from the sale of Bigi was going to the getting the Academy category 2 status, as well as the grant?

So you might expect costs in relation to the academy to go up but i bet they havent. Also it isnt a new academy they had a spend on it already. To get the grant they had to prove that they spent £500k on it not £500k more
 

nuckythompson

New Member
Better Christmas message from Joyless would have been along the lines of we have secured the loans of McGoldrick, Bailey and Adams until the end of the season with agreed options to sign each one if we get promoted. Mind you she probably doesn't actually know who they are despite her frequent attendance - I nearly gagged reading the final line - for all of us who support and cherish Coventry City Football Club and the role it plays within our lives. Hilarious Joy - truly hilarious.
 

Grendel

Well-Known Member
Better Christmas message from Joyless would have been along the lines of we have secured the loans of McGoldrick, Bailey and Adams until the end of the season with agreed options to sign each one if we get promoted. Mind you she probably doesn't actually know who they are despite her frequent attendance - I nearly gagged reading the final line - for all of us who support and cherish Coventry City Football Club and the role it plays within our lives. Hilarious Joy - truly hilarious.

Most CEO's issue similar statements regarding their assets this looks pretty standard fare to me.

We won't get mcgoldrick as he will command a championship wage which we are not allowed to pay even if we could.
 

Lord_Nampil

Well-Known Member
Most CEO's issue similar statements regarding their assets this looks pretty standard fare to me.

We won't get mcgoldrick as he will command a championship wage which we are not allowed to pay even if we could.

Waggott did mention this, but also did mention we could offer him a package where we could compete with championship clubs, with additional clauses etc in the contract! Will see what happens, Robins is the man let him decide whats best for the club if he doesn't stay! I welcome her comments, shes never done it before and you can take them as you want too.
 

nuckythompson

New Member
1. She is not CEO of CCFC
2. We are not a typical asset - well I guess for SISU we are, just a commodity to be maximised and disposed off (real failure there Joy - wonder if that is in her SISU investors Christmas message)
3. We all know we won't get McGoldrick etc but if she knew anything about the club she so cherishes she would know the vast majority of fans want to know about on the pitch activity not the financial mess going on off it.
 

Covstu

Well-Known Member
Usual shit statement from a faceless leader. All we care for at the moment is the situation on the ground as this will dictate where and if fans turn up!!
 

skyblueinBaku

Well-Known Member
Better Christmas message from Joyless would have been along the lines of we have secured the loans of McGoldrick, Bailey and Adams until the end of the season with agreed options to sign each one if we get promoted. Mind you she probably doesn't actually know who they are despite her frequent attendance - I nearly gagged reading the final line - for all of us who support and cherish Coventry City Football Club and the role it plays within our lives. Hilarious Joy - truly hilarious.

I, too, was surprised at that final line. Does JS really expect us to believe that she supports and cherishes CCFC? Does she really think we are that stupid?
 

torchomatic

Well-Known Member
The same could be said of the "good guys" in all this, ACL.

Joy overlooked to illustrate that not everything is as clear cut as she makes out. Unless we have the two complete reports of incomings and outgoings we can't make a fair comparison.
 

Macca

Well-Known Member
All hail our saviours from the nazi council. I look forward to their further good deeds in the coming years
 

Grendel

Well-Known Member
1. She is not CEO of CCFC
2. We are not a typical asset - well I guess for SISU we are, just a commodity to be maximised and disposed off (real failure there Joy - wonder if that is in her SISU investors Christmas message)
3. We all know we won't get McGoldrick etc but if she knew anything about the club she so cherishes she would know the vast majority of fans want to know about on the pitch activity not the financial mess going on off it.

Of course we are a typical asset. Same as Manchester United are to their owners and all other clubs owned by PLC's

On the one hand you say we need to sign new players but on the other complain you do not want to hear about off field issues. Truth is because of those issues we cannot afford to pay wages of the likes of mcgoldrick.

The message is fine. I didn't say she was a CEO just that it is a typical message from the head of a corporate institution.
 

Grendel

Well-Known Member
The same could be said of the "good guys" in all this, ACL.

Perhaps they'll issue a statement as well. "We are charging 8 times the average rent because we love the fans" merry Christmas.
 

nuckythompson

New Member
Difference is Torchy ACL aren't making unsubstantiated claims about average rents and movable match day cost amounts etc. They have simply offered to cut the rent by 67% and give CCFC their 50% of match day profits from the IEC joint venture, yet every time it looks like the two sides are getting close SISU find a way of moving the goal posts.

Why don't they just stop playing games and come clean and admit what they actually want is the stadium complex by whatever means. If they were openly trying to buy it at a fair negotiated price then we could have a good debate about the merits of them owning the complex etc but I guess these typical desperate underhand dirty trick hedgefund tactics make it more difficult to see them in a favourable light.
 

ccfclinney

Well-Known Member
All I want joy this Christmas is the rent sorted and David mcgoldrick on a 3 year contract !!
Is that to much to ask haha ;)?
 

nuckythompson

New Member
Grendel - according to Joy its now 6 times the mythical average - I know its hard to keep up with the movable numbers SISU issue but please try
 

Mucca Mad Boys

Well-Known Member
So the rent averages for championship + L1 aren't SISU propaganda... Don't those you suggested it was feel silly as the sources are from the FL and shows we pay 6x more than we should.

But as long as we are 'moral' about it, lets go bust.
 

Grendel

Well-Known Member
Difference is Torchy ACL aren't making unsubstantiated claims about average rents and movable match day cost amounts etc. They have simply offered to cut the rent by 67% and give CCFC their 50% of match day profits from the IEC joint venture, yet every time it looks like the two sides are getting close SISU find a way of moving the goal posts.

Why don't they just stop playing games and come clean and admit what they actually want is the stadium complex by whatever means. If they were openly trying to buy it at a fair negotiated price then we could have a good debate about the merits of them owning the complex etc but I guess these typical desperate underhand dirty trick hedgefund tactics make it more difficult to see them in a favourable light.

Unless you see the contract you actually have no idea what's really on offer but just seem to lap up everything they say.

The club still has to pay a million in arrears back - why if ACL are now admitting its too high?
 

stupot07

Well-Known Member
Grendel - according to Joy its now 6 times the mythical average - I know its hard to keep up with the movable numbers SISU issue but please try

Well we've already been told the league one average is £170k and that we paid £1.28m.....in fact that's more than 6 times £170k.
 

nuckythompson

New Member
So publish them then we can actually see where they have come from - do they include mortgages and rents? etc. Also no one has ever argued that our rent isn't too high but it now seems that just as we are getting somewhere close Joy moves the goal posts and now chucks in match day costs which have gone suddenly doubled. Its just using whatever appropriate or inappropriate numbers to suit an argument.
 

Grendel

Well-Known Member
So publish them then we can actually see where they have come from - do they include mortgages and rents? etc. Also no one has ever argued that our rent isn't too high but it now seems that just as we are getting somewhere close Joy moves the goal posts and now chucks in match day costs which have gone suddenly doubled. Its just using whatever appropriate or inappropriate numbers to suit an argument.

Oh dear another ACL worshiper. Quite happy to see the club get ripped off as they are owned by big bad sisu.
 

nuckythompson

New Member
Unless you see the contract you actually have no idea what's really on offer but just seem to lap up everything they say.

The club still has to pay a million in arrears back - why if ACL are now admitting its too high?

Hmmmm who do I believe more a hedge fund / club with such a glowing track record of openness and accuracy in the past few years or a council and charity who are bound by strict laws and guidlines? I am sure that both sides may be economical with the truth but I know which one I believe more and its not the one that "cherishes" the club.

They have to pay it back because that was and still is the agreed legal contract and to be given 10 years to pay that back seems more than generous. I would also guess that that figure may bepart of the current negotiations.
 

Mucca Mad Boys

Well-Known Member
So publish them then we can actually see where they have come from - do they include mortgages and rents? etc. Also no one has ever argued that our rent isn't too high but it now seems that just as we are getting somewhere close Joy moves the goal posts and now chucks in match day costs which have gone suddenly doubled. Its just using whatever appropriate or inappropriate numbers to suit an argument.

So they haven't changed them have they? I asked you for specific figures and you couldn't deliver.

We're trying to haggle over what rent we pay to a fair price, seems reasonable considering we're paying 6x more than we should.

The message said it was from the Football League and others (you'll find them there), if they weren't true, don't you think ACL would have torn them apart? If I was ACL, I would!

In an argument, you use facts that suit you, standard practice, if you don't, you're not good at arguing.
 

stupot07

Well-Known Member
So publish them then we can actually see where they have come from - do they include mortgages and rents? etc. Also no one has ever argued that our rent isn't too high but it now seems that just as we are getting somewhere close Joy moves the goal posts and now chucks in match day costs which have gone suddenly doubled. Its just using whatever appropriate or inappropriate numbers to suit an argument.

I maybe wrong but I don't think I've seen anything from ACL rubbishing the figures, and the telegraph haven't written anything discrediting the figures.
 

CJparker

New Member
Oh dear another ACL worshiper. Quite happy to see the club get ripped off as they are owned by big bad sisu.


ACL are not ripping the club off. £1.2m p/a is perfectly feasible for a ground like the Ricoh and a support base like Coventry. It is an affordable rent. But SISU are playing dirty so they can reduce their losses.

It's getting so embarrassing and shameful that I almost hope we do get wound up and have to start again, as a penance for the awful ownership over the last few years and as a warning to others to honour their contracts.

Edit - oh and don't forget, SISU are the baddies (as in my subsequent resposne to Otis). ACL have done nothing wrong, they charge us a fair rent for our ground and are now being expected to take a huge hit to cover us for our failures.

Would you be happy if ACL went out of business?
 
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nuckythompson

New Member
ACL worshipper? Hardly my old fruit, just want what,s best for the long term future of the club I have supported for nearly 50 years. Is a lower rent better? Of course it is. Is SISU getting hold of the stadium complex good for the club - I really don't think so as they would flip it asap and CCFC would still be tenants. You have admitted Grendel that this whole charade isn't about rent so don't start backtracking now.
 

nuckythompson

New Member
"The message said it was from the Football League and others (you'll find them there)" - link please young Taylor and then we can discuss the facts.
 

CJparker

New Member
Think the point is though that £400,000 is way beyond our means and that in turn means that £800,000 is just so way out there that there is never ever going to be any way forwards for the club.

Says who? It'll clearly make a big difference to SISU in reducing their losses, but we paid in the rent in the Championship without a murmur of dissent. I maintain that £1.2m plus additional costs is perfectly reasonable and affordable for a club like CCFC - yes we are in League One, but that is the fault of CCFC and its owners, and another business (ACL) should not be expected to take a hit to reflect that.

Can we all remember here, ACL are not the baddies...SISU are.
 

nuckythompson

New Member
I maybe wrong but I don't think I've seen anything from ACL rubbishing the figures, and the telegraph haven't written anything discrediting the figures.

Sorry Stu but that has made me smile - the thought of the Cov Telegraph actually doing some investigative journalism.... thanks that has really made me chuckle ;)
 

BigadamL

Well-Known Member
5 years at 1.3 million the could of bought half the stadium for that like they said they were going to.

What gets to me is they have known for 5 years what the rent was and they only choose to do it now?!? Either they were not bothered or they have some crap researchers!
 

stupot07

Well-Known Member
Says who? It'll clearly make a big difference to SISU in reducing their losses, but we paid in the rent in the Championship without a murmur of dissent. I maintain that £1.2m plus additional costs is perfectly reasonable and affordable for a club like CCFC - yes we are in League One, but that is the fault of CCFC and its owners, and another business (ACL) should not be expected to take a hit to reflect that.

Can we all remember here, ACL are not the baddies...SISU are.

Which is why you can't be objective about this.
 

nuckythompson

New Member
I actually think its disgusting that our local paper has been so spineless and pathetic in this whole matter. All they have ever done is print press releases from one side then the other. Have they done any digging into the whole matter? No they simply regurgitate whatever pap they are fed, they should be ashamed of themselves as they had a chance to actually serve their readership yet fans have learned more from going on here and reading OSB, Godiva and even Grendel to see the real matters in this debate.
 

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