Message from Seppala (11 Viewers)

skybluelee · Dec 24, 2012

I agree with the general principle of supporting your local club but in most cases (or maybe just in mine...) it is support who your dad supports or sleep in the shed, a rule that I have every intention of applying to my 1 and 4 year old daughters.

For what it's worth, I have never lived in Coventry. Born in Nuneaton and moved to Weymouth when I was 4. I am more passionate about Coventry City than you could ever possibly imagine so go fuck yourself if you think I am going to change my 29 year allegience to Nuneaton Borough or whatever they are called these days.

coundonskyblue · Dec 24, 2012

I've lived in Coventry all my life, but I always look out for the Boro's results and like to see them do well. I also go and watch them every now and then. Should that not be allowed?

covcity4life · Dec 24, 2012

you should support your home team

if you then move you continue to support them

CJparker · Dec 24, 2012

CCFC said:
:facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm::facepalm:

Sorry, which part of my post was illogical?

The bit where I implied that the mess of CCFC is not ACL's fault?

The bit where I suggested that SISU have been paying the rent for years and therefore should continue to pay it, since they knew it would be a competitive rent for a PL ground and therefore didn't insert a "variable rent based on league status" tariff?

Grendel · Dec 24, 2012

CJparker said:
Sorry, which part of my post was illogical?

The bit where I implied that the mess of CCFC is not ACL's fault?

The bit where I suggested that SISU have been paying the rent for years and therefore should continue to pay it, since they knew it would be a competitive rent for a PL ground and therefore didn't insert a "variable rent based on league status" tariff?

I suppose it doesn't bother you does it. You seem to have supported half the teams on the country. You could just find another one next week.

Bill Glazier · Dec 24, 2012

I've been trying to judge the tone of the statement more than anything she says. I think historians call this the 'unwritten message' and, although it will have been written by her PR, it does sound basically positive.

Can we for instance safely assume that she's not going to liquidate the club? Still not sure, but she does seem to be relishing the challenge. Maybe the team's resurgence has genuinely inspired her and she's caught the football bug. These things do happen, even to she-wolves like Joy!

And, she is clearly in total personal control of the club now - notice how the statement moves from what 'we' have done to what 'I' am doing.

These are just straws in the wind but if, and it's a massive if, she no longer just wants to get out of the mess with the smallest losses or merely wants to get her hands on the stadium, but instead genuinely wants the club to succeed, she could prove to be a formidable leader of CCFC. Think the love child of Delia Smith and Roman Abramovich. At the very least she is talking to us now.

SkyBlue_Bear83 · Dec 24, 2012

CJparker said:
Sorry, which part of my post was illogical?

The bit where I implied that the mess of CCFC is not ACL's fault?

The bit where I suggested that SISU have been paying the rent for years and therefore should continue to pay it, since they knew it would be a competitive rent for a PL ground and therefore didn't insert a "variable rent based on league status" tariff?

The bit where you suggest we should continue to pay it despite the fact that everyone with more than a single brain cell including ACL acknowledges the rent is too high and must be lowered or the club will not be able to survive long term

I have had this argument before and I don't wish to start it again which is why I simply posted the smiley in my last post

It seems you will not be happy until the Ricoh rent strangles the club out of existence, I am guessing you will bring out the party food and hats on that day and applaud ACL and SISU for honouring the 1.2 million rent agreement

thegameaintstraight · Dec 24, 2012

Bill Glazier said:
I've been trying to judge the tone of the statement more than anything she says. I think historians call this the 'unwritten message' and, although it will have been written by her PR, it does sound basically positive.

Can we for instance safely assume that she's not going to liquidate the club? Still not sure, but she does seem to be relishing the challenge. Maybe the team's resurgence has genuinely inspired her and she's caught the football bug. These things do happen, even to she-wolves like Joy!

And, she is clearly in total personal control of the club now - notice how the statement moves from what 'we' have done to what 'I' am doing.

These are just straws in the wind but if, and it's a massive if, she no longer just wants to get out of the mess with the smallest losses or merely wants to get her hands on the stadium, but instead genuinely wants the club to succeed, she could prove to be a formidable leader of CCFC. Think the love child of Delia Smith and Roman Abramovich. At the very least she is talking to us now.

I hope you are right but a leopard cant change its spots.
None of the following is very recent, (lets all sing together March 2011) but bears consideration at this time of joy & goodwill.

JOY SEPPALA, chief executive of Sisu Capital, does not look like “one of London’s most ballsy traders”. A smartly dressed 44-year-old Finnish-American blonde, she likes to describe herself as an investor.
But, according to rivals, appearances are deceptive. Seppala is a force to be reckoned with. “She has balls of steel,” said one.
Seppala has a reputation for playing hardball in the distressed-debt market — demanding that companies and administrators “stand and deliver” what she believes her investors are due.
From an anonymous building in London’s Mayfair, Seppala and her 15 staff run an $800m (£460m) hedge fund that specialises in investing in troubled companies. It looks for firms whose debts are undervalued and trading at a large discount to their face value.
Sisu is one of a number of hedge funds that, having taken over company debts, are refusing to play by the traditional rules. They are making waves — resorting to the courts and even threatening to bid for companies — to get what they believe is rightly theirs.
Administrators to bankrupt companies accuse the hedge funds of blackmail — holding out and refusing to agree to a deal until they secure a larger payout for themselves — at the expense of other creditors. With the rows often ending in costly long-running legal battles, many administrators, they admit, quietly concede to the demands. “It is like dealing with sharks,” said one.
In Finnish, sisu means “inner fortitude, inner strength, and guts”. In recent months Seppala, whose father came from Finland, has probably needed all the sisu she can muster.
A bitter and long-running battle with KPMG, the administrator to the power company TXU Europe, ended in a rare courtroom defeat for Sisu.
TXU Europe was one of the biggest-ever insolvencies in Britain — with a large number of creditors and different tranches of debt.
Seppala believed that the deal proposed by KPMG was unfair. The tranche of bonds Sisu held entitled her investors to a better deal, she argued. Seppala also believed that the administrator faced a conflict of interest.
But a High Court judge sided with KPMG. For Sisu, which prides itself on its due diligence and its thorough research, it was a big blow. Worse still, the judge criticised Seppala’s evidence.
“I fear Ms Seppala has a distorted recollection of some events ... she is also prone to exaggerate — the respondents would characterise it as lying but I give her the benefit of the doubt on that,” said Mr Justice Warren.
“She had many other business matters on her mind and when it came to producing her witness statement and giving her oral evidence, her recollection was not, I think, as accurate as she would like to make out.

CJparker · Dec 24, 2012

Grendel said:
I suppose it doesn't bother you does it. You seem to have supported half the teams on the country. You could just find another one next week.

Incorrect - I said I'd lived in all those places, not that I had supported all those teams. My point was that, going by Valiant's logic, I should have supported all those teams during my life.

If that's the best you can come back, you really must know you are on the wrong side of the argument. Again.

Ashdown1 · Dec 24, 2012

thegameaintstraight said:
I hope you are right but a leopard cant change its spots.
None of the following is very recent, (lets all sing together March 2011) but bears consideration at this time of joy & goodwill.

JOY SEPPALA, chief executive of Sisu Capital, does not look like “one of London’s most ballsy traders”. A smartly dressed 44-year-old Finnish-American blonde, she likes to describe herself as an investor.
But, according to rivals, appearances are deceptive. Seppala is a force to be reckoned with. “She has balls of steel,” said one.
Seppala has a reputation for playing hardball in the distressed-debt market — demanding that companies and administrators “stand and deliver” what she believes her investors are due.
From an anonymous building in London’s Mayfair, Seppala and her 15 staff run an $800m (£460m) hedge fund that specialises in investing in troubled companies. It looks for firms whose debts are undervalued and trading at a large discount to their face value.
Sisu is one of a number of hedge funds that, having taken over company debts, are refusing to play by the traditional rules. They are making waves — resorting to the courts and even threatening to bid for companies — to get what they believe is rightly theirs.
Administrators to bankrupt companies accuse the hedge funds of blackmail — holding out and refusing to agree to a deal until they secure a larger payout for themselves — at the expense of other creditors. With the rows often ending in costly long-running legal battles, many administrators, they admit, quietly concede to the demands. “It is like dealing with sharks,” said one.
In Finnish, sisu means “inner fortitude, inner strength, and guts”. In recent months Seppala, whose father came from Finland, has probably needed all the sisu she can muster.
A bitter and long-running battle with KPMG, the administrator to the power company TXU Europe, ended in a rare courtroom defeat for Sisu.
TXU Europe was one of the biggest-ever insolvencies in Britain — with a large number of creditors and different tranches of debt.
Seppala believed that the deal proposed by KPMG was unfair. The tranche of bonds Sisu held entitled her investors to a better deal, she argued. Seppala also believed that the administrator faced a conflict of interest.
But a High Court judge sided with KPMG. For Sisu, which prides itself on its due diligence and its thorough research, it was a big blow. Worse still, the judge criticised Seppala’s evidence.
“I fear Ms Seppala has a distorted recollection of some events ... she is also prone to exaggerate — the respondents would characterise it as lying but I give her the benefit of the doubt on that,” said Mr Justice Warren.
“She had many other business matters on her mind and when it came to producing her witness statement and giving her oral evidence, her recollection was not, I think, as accurate as she would like to make out.

Well the little sugar plum is the same age as me, maybe I should call her up and show her a good time over this festive period and persuade her to look after her small Midlands project with a bit more TLC.

thegameaintstraight · Dec 24, 2012

Ashdown1 said:
Well the little sugar plum is the same age as me, maybe I should call her up and show her a good time over this festive period and persuade her to look after her small Midlands project with a bit more TLC.

Shes a bit older now good plan in principle though.

CJparker · Dec 24, 2012

Ashdown1 said:
Well the little sugar plum is the same age as me, maybe I should call her up and show her a good time over this festive period and persuade her to look after her small Midlands project with a bit more TLC.

Or just slip her a length...

SkyBlueCharlie · Dec 24, 2012

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

I've asked the same of you more than once and you haven't delivered either....case of pot calling the kettle?. You and others on here seem to equate asking for clarity as some sort of desire to see CCFC finished and that's simply not the case. There has been so much rubbish spouted by the owners and their lackeys that we have a right to treat them with distrust. If Ms Seppala has the figure she says she has why doesn't she publish them? Do that and the problem goes away...until then......

CJparker · Dec 24, 2012

There is no such thing as an average rent, as has been discussed previously. Yes we pay more than most, but there is a whole host of factors to justify that

Mucca Mad Boys · Dec 24, 2012

SkyBlueCharlie said:
I've asked the same of you more than once and you haven't delivered either....case of pot calling the kettle?. You and others on here seem to equate asking for clarity as some sort of desire to see CCFC finished and that's simply not the case. There has been so much rubbish spouted by the owners and their lackeys that we have a right to treat them with distrust. If Ms Seppala has the figure she says she has why doesn't she publish them? Do that and the problem goes away...until then......

What figures have you asked for?

Mucca Mad Boys · Dec 24, 2012

CJparker said:
There is no such thing as an average rent, as has been discussed previously. Yes we pay more than most, but there is a whole host of factors to justify that

Clearly there is, what you do is add up all the rent paid by all the teams in the division then divide that number by the amount of teams that pay rent.

rupert_bear · Dec 24, 2012

Can't be arsed to read all through the threads so if i repeat what someone has already said i apologise. Quiet simply Ms Sepplal, had SISU put s relative little money in and tried a realistic attempt to stay in the championship last season, we would have had more income, gate receipt wise, more TV money, over 10x what we now get. I wonder if this has ever been really explained to her by Fisher or Waggott, being a Finnish/American pulling the wool over her eyes football wise wouldn't be too difficult in my opinion

CJparker · Dec 24, 2012

SkyBlue_Taylor said:
Clearly there is, what you do is add up all the rent paid by all the teams in the division then divide that number by the amount of teams that pay rent.

Obviously, but when you take into account the fact that most clubs own their grounds rather than rent, and the fact that in many cases complex individual circumstances exist, your "average" is pretty meaningless. That's what I mean by there being no such thing as a "League One average".

While we're on the subject, you chose a mean average rather than a mode or a median; you're at school/college so you probably still remember what the difference is!

Skyblueweeman · Dec 24, 2012

Bill Glazier said:
I've been trying to judge the tone of the statement more than anything she says. I think historians call this the 'unwritten message' and, although it will have been written by her PR, it does sound basically positive.

Can we for instance safely assume that she's not going to liquidate the club? Still not sure, but she does seem to be relishing the challenge. Maybe the team's resurgence has genuinely inspired her and she's caught the football bug. These things do happen, even to she-wolves like Joy!

And, she is clearly in total personal control of the club now - notice how the statement moves from what 'we' have done to what 'I' am doing.

These are just straws in the wind but if, and it's a massive if, she no longer just wants to get out of the mess with the smallest losses or merely wants to get her hands on the stadium, but instead genuinely wants the club to succeed, she could prove to be a formidable leader of CCFC. Think the love child of Delia Smith and Roman Abramovich. At the very least she is talking to us now.

Great post. I totally agree with every word of that. A few points on some of the posts on this thread:

* SISU/TF have been derided for not accepting the the offer put forward by ACL. Yet many jumped to conclusions that they were being unreasonable. No we hear the other side of the 'disagreement' and it appears the £400k wasn't actually £400k. As it's been pointed out, we don't know all the facts...all pure conjecture. In fact, what JS states in her speech might also only tell 80% of what we need to know.
* Many people have pointed out that we're in this mess because of SISU. Incorrect. They haven't endeared themselves over the past 5 or so years but they inherited a mess of a club. They've not helped themselves, but they're not totally to blame for the mess of the pitch.
* The one thing they seemingly have been weak on was their due dilligence. As an article on her earlier on in this thread stated, they're strong on their due dilligence. If they knew at that time that the rent was high (even for the Championship) why not start negotiations there and then?
* People having a go at SISU for playing hard ball over the rent....really?! Regardless of what stats you throw at me, I want CCFCs outgoings to be as little as possible so the club is run more realistically and we don't rack up circa £54m of debts like the previous board. Running a club like it is, is simply unsustainable. It is a convoluted (?) situation but we need to drive the costs down as much as possible.
* People complaining about her message...again, really? Who cares if she didn't give us any further information or say happy xmas? People in the past have complained about lack of communication from them and then when they do, they pick it to pieces and complain? We've (me included) complained about them not speaking to us...now they do???

This isn't a pro-SISU post, it really isn't. I do get why people can have negative feelings towards them really I do. But right now, there's no one else (NO ONE ELSE) coming to rescue us and they are here, trying to drive down our costs. They're also more communicative with us than previous boards. Is all perfect, no. Are there any reasonable, viable alternatives right now. No. For that reason, I back them for now.

Oh, and I was born in N.Ireland and now live in W.Sussex having never lived in the Midlands. And I support Cov City FC and don't care if anyone disagrees with that

Merry Xmas one and all,

WM

Mucca Mad Boys · Dec 24, 2012

Skyblueweeman said:
Great post. I totally agree with every word of that. A few points on some of the posts on this thread:

* SISU/TF have been derided for not accepting the the offer put forward by ACL. Yet many jumped to conclusions that they were being unreasonable. No we hear the other side of the 'disagreement' and it appears the £400k wasn't actually £400k. As it's been pointed out, we don't know all the facts...all pure conjecture. In fact, what JS states in her speech might also only tell 80% of what we need to know.
* Many people have pointed out that we're in this mess because of SISU. Incorrect. They haven't endeared themselves over the past 5 or so years but they inherited a mess of a club. They've not helped themselves, but they're not totally to blame for the mess of the pitch.
* The one thing they seemingly have been weak on was their due dilligence. As an article on her earlier on in this thread stated, they're strong on their due dilligence. If they knew at that time that the rent was high (even for the Championship) why not start negotiations there and then?
* People having a go at SISU for playing hard ball over the rent....really?! Regardless of what stats you throw at me, I want CCFCs outgoings to be as little as possible so the club is run more realistically and we don't rack up circa £54m of debts like the previous board. Running a club like it is, is simply unsustainable. It is a convoluted (?) situation but we need to drive the costs down as much as possible.
* People complaining about her message...again, really? Who cares if she didn't give us any further information or say happy xmas? People in the past have complained about lack of communication from them and then when they do, they pick it to pieces and complain? We've (me included) complained about them not speaking to us...now they do???

This isn't a pro-SISU post, it really isn't. I do get why people can have negative feelings towards them really I do. But right now, there's no one else (NO ONE ELSE) coming to rescue us and they are here, trying to drive down our costs. They're also more communicative with us than previous boards. Is all perfect, no. Are there any reasonable, viable alternatives right now. No. For that reason, I back them for now.

Oh, and I was born in N.Ireland and now live in W.Sussex having never lived in the Midlands. And I support Cov City FC and don't care if anyone disagrees with that

Merry Xmas one and all,

WM

Agreed with you and Bill Glazier (of SBT) to the last word, if I weren't on the mobile version, you'd have 1 more like.

Macca · Dec 24, 2012

Fairly convinced that one day we ll find out Sisu make Richardson look like a choirboy, until then ....

coundonskyblue · Dec 24, 2012

Matchday costs are irrelevant. It would be like saying yes the rent is 400k but with directors salaries its an extra 200k. Both completely unrelated.

dongonzalos · Dec 24, 2012

coundonskyblue said:
Matchday costs are irrelevant. It would be like saying yes the rent is 400k but with directors salaries its an extra 200k. Both completely unrelated.

By her saying match day costs, then profits from ticket sales become relevant. People who have said the potential of the Ricoh that is not tapped into due to their shit decisions and alienation of the fans suddenly is relevant.

torchomatic · Dec 24, 2012

I doubt that very much. We don't have a perfectly good ground for them to sell.

Macca said:
Fairly convinced that one day we ll find out Sisu make Richardson look like a choirboy, until then ....

Gaz · Dec 24, 2012

A very good post Weeman.
And Merry Christmas to you too.

Skyblueweeman said:
Great post. I totally agree with every word of that. A few points on some of the posts on this thread:

* SISU/TF have been derided for not accepting the the offer put forward by ACL. Yet many jumped to conclusions that they were being unreasonable. No we hear the other side of the 'disagreement' and it appears the £400k wasn't actually £400k. As it's been pointed out, we don't know all the facts...all pure conjecture. In fact, what JS states in her speech might also only tell 80% of what we need to know.
* Many people have pointed out that we're in this mess because of SISU. Incorrect. They haven't endeared themselves over the past 5 or so years but they inherited a mess of a club. They've not helped themselves, but they're not totally to blame for the mess of the pitch.
* The one thing they seemingly have been weak on was their due dilligence. As an article on her earlier on in this thread stated, they're strong on their due dilligence. If they knew at that time that the rent was high (even for the Championship) why not start negotiations there and then?
* People having a go at SISU for playing hard ball over the rent....really?! Regardless of what stats you throw at me, I want CCFCs outgoings to be as little as possible so the club is run more realistically and we don't rack up circa £54m of debts like the previous board. Running a club like it is, is simply unsustainable. It is a convoluted (?) situation but we need to drive the costs down as much as possible.
* People complaining about her message...again, really? Who cares if she didn't give us any further information or say happy xmas? People in the past have complained about lack of communication from them and then when they do, they pick it to pieces and complain? We've (me included) complained about them not speaking to us...now they do???

This isn't a pro-SISU post, it really isn't. I do get why people can have negative feelings towards them really I do. But right now, there's no one else (NO ONE ELSE) coming to rescue us and they are here, trying to drive down our costs. They're also more communicative with us than previous boards. Is all perfect, no. Are there any reasonable, viable alternatives right now. No. For that reason, I back them for now.

Oh, and I was born in N.Ireland and now live in W.Sussex having never lived in the Midlands. And I support Cov City FC and don't care if anyone disagrees with that

Merry Xmas one and all,

WM

georgehudson · Dec 24, 2012

what is it with this 'seppala',
nowt for 4 years & then proceeds to trot out some spin that CCFC fans are supposed to swallow,
CCFC fans have had to put up with a continued series of mistruth's, or should i say lies,
where will this all rate on the level of the sisu claptrap monitor,
PUSB,

Skyblueweeman · Dec 24, 2012

georgehudson said:
what is it with this 'seppala',
nowt for 4 years & then proceeds to trot out some spin that CCFC fans are supposed to swallow,
CCFC fans have had to put up with a continued series of mistruth's, or should i say lies,
where will this all rate on the level of the sisu claptrap monitor,
PUSB,

And if she didn't say anything, you'd be like 'we never hear from her'....

Better late than never is better than not all, surely?

Macca · Dec 24, 2012

georgehudson said:
what is it with this 'seppala',
nowt for 4 years & then proceeds to trot out some spin that CCFC fans are supposed to swallow,
CCFC fans have had to put up with a continued series of mistruth's, or should i say lies,
where will this all rate on the level of the sisu claptrap monitor,

PUSB,

Because people WILL swallow it

Skyblueweeman · Dec 24, 2012

Macca said:
Because people WILL swallow it

But Macca, like I've said above...people complain when she doesn't speak and then castigate her when she does?! There's no logic on that. Unfortunately for everyone who thinks the woman is the devil re-incarnated, she's the only one willing to finance our beloved CCFC at this moment in time. Our club has been run like a sh*te house for years and years and years (from a financial point of view). Whilst we finished 17th every year in the prem - slight exageration - we were creating a 'legacy' that we're very much still feeling. Yes, they've not helped matters at all for the majority of their time here but the appointment of Robins, trying to decrease the outgoings as much as possible and at least getting a replacement for McG if he goes...to me, all steps in the right direction. As much as that pains people, it's where we are right now. If there's an ulterior motive, hopefully a knight in shining armour will come to our rescue. Until then, she is what we have as our owner.

Anyway, I'm off to listen out for reindeer and hope that I've been a good enough boy in 2012 to warrant some good stuff...

Merry xmas,

WM

ccfcway · Dec 24, 2012

"building links with the comunity", yet 99.9% of fans dont even know what Seppela looks like

georgehudson · Dec 25, 2012

aye up seppala, try being more like a michelle ridley than y'self,
PUSB
huge respect & love for michelle's family,
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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