Sky Blue Kid
Well-Known Member
Would you like me to point out if were not for CCC/ACL/HIGGS. CCFC wouldn't exist now. Or does that conveniently slip your mind?
The truth? I've had to point out the higgs bought the club share out if financial difficulties within the club and not the stadium project. I've had to point out the loan was taken out by acl and not the council. So no problem handling the truth as long as it is just that.
It's not that I don't blame sisu, it's that I don't want other parties involved going down a path that will do irrevocable damage to the club after they've gone, (looks like horse has already bolted on that one).
I also don't prescribe to the notion that once sisu have gone wasps, CCC and higgs will welcome the new owners with open arms and do everything they can to help the club progress.
However, I believe it's fundamental to the clubs survival that sisu go, but I still think there will be many more battles to come after that.
In all this banter no one is questioning why the council sold our assett(Coventry Taxpayers) so cheaply to the WASP's! All this About SISU shit is not giving me that answer. If they had sold it for £42 million the correct valuation I would not have a problem with WASP ownership. Instead the Nationals rags putting out shit headlines this morning about Southgate being involved some tax avoidance scheme these fucking hacks need to dig into the goings on in this deal that's where the good stuff is.
I think so too, I think CCC need to help CCFC in the future but I do not believe there will be any assistance till SISU are gone and they've dropped all court cases. I look forward to that day but I don't think it will come soon.I can see why CCC will do nothing to help CCFC at the moment. I am sure that the strategy is to squeeze the life out of Sisu so that nothing is left for them here. I am not saying I agree with this as it is obviously CCFC that is suffering most. When Sisu have gone it will be totally unacceptable if CCC do not do all in it's power to help repair the damage done.
I can see why CCC will do nothing to help CCFC at the moment. I am sure that the strategy is to squeeze the life out of Sisu so that nothing is left for them here. I am not saying I agree with this as it is obviously CCFC that is suffering most. When Sisu have gone it will be totally unacceptable if CCC do not do all in it's power to help repair the damage done.
Would you like me to point out if were not for CCC/ACL/HIGGS. CCFC wouldn't exist now. Or does that conveniently slip your mind?
This is the one defining sentence. Let's wait and see if they do. I personally think CCC will bend over backwards to help, but let's wait and see eh?
Would you like me to point out if sisu hadn't taken us over we wouldn't exist? Or would that just be me being melodramatic like you are? As for your abuse. It just nullifies your opinion. So say what you want. You just show yourself up.
Would you like me to point out if sisu hadn't taken us over we wouldn't exist? Or would that just be me being melodramatic like you are? As for your abuse. It just nullifies your opinion. So say what you want. You just show yourself up.
Er......8 points clear at the top of League 2, playing in front of 15,000 + attendances as a fan owned club at Ricoh Arena and looking forward to promotion?I wonder where we would have been if it fell through.
QUOTE="Warwickhunt, post: 1179437, member: 4907"]In all this banter no one is questioning why the council sold our assett(Coventry Taxpayers) so cheaply to the WASP's! All this About SISU shit is not giving me that answer. If they had sold it for £42 million the correct valuation I would not have a problem with WASP ownership. Instead the Nationals rags putting out shit headlines this morning about Southgate being involved some tax avoidance scheme these fucking hacks need to dig into the goings on in this deal that's where the good stuff is.
It's your attitude on how, that totally lacks morals!
I find it hard to believe both valuations stand up to scrutiny. For the value of the lease to jump from £19m to £48.5m in 6 months when the only real difference was the addition of 11 Wasps games a season doesn't, at least at face value, seem to stack up.In May 2015 lease was re-valued to £48.5m months after Wasps bought the shares of ACL
The shares of ACL were never worth anything like that value. It was the shares not the lease that Wasps bought in September/October 2014
The value of the shares sold in September/October 2014 was the value of all the assets (including the lease which was valued at that time at around £19m) less the value of all the liabilities (including the 14m loan to due CCC) at that time.
I find it hard to believe both valuations stand up to scrutiny. For the value of the lease to jump from £19m to £48.5m in 6 months when the only real difference was the addition of 11 Wasps games a season doesn't, at least at face value, seem to stack up.
The difference is that they went from an uncertain future to a secured future with a cash pool of £35M raised by the bonds to finance investments, admittedly there is also extra liability but that did not deter serious investors who I'm sure know a lot more than you or me. Also I think you're forgetting the huge lease extension, that may have been a bit undervalued, I think the council should have got double via additional future payments due in 5 and 10 years added to the fee for that deal.
I'm avoiding much of this same old same old, but this struck a chord. I know it's not you welcoming him but... I do always think morals are a dangerous thing to judge on, when some of the most rabid anti-SISU (note again, not you in this!) peopleare happy to turn a blind eye to Steve Evans's past, as long as he wins us a couple of games...
why can't people see that
The poor start this year is down, in large part to Mowbray, I don't know why people can't grasp that.
Yes sisu are running the club into the ground, but there's no way Mowbray was working with less resources that Flicroft at Bury or Alexander at Scunthorpe.
Mowbray took credit for the great start last year and he has to take responsibility for the poor start this year, no-one knows for sure what the budget is or how comparable it is with other clubs but I would wager that after Burys cost cutting over the summer Flicroft is working under greater restraints than Mowbray was.
You can blame sisu for many things, (most things), but some of Mowbrays selections and tactics this season were baffling.
The charity and the City Council have secured the return of their stakeholding as they are legally obliged to do, and the bank loan has been repaid.
I am genuinely curious, what legislation says the charity and council had to secure the return of their stakeholding?
I don't know for sure that there budgets are less, but I would say it's a fairly safe assumption.How do you know he that Bury and Scunthorpe have worse budgets than ours? The fact is that it is all speculation and no one on the outside really knows. Looking at the players Bury signed last season I would have thought that their budget was much better than ours (speculation again I know). They finished below us last season so on that basis Flitcroft was a much worse manager than TM but is better than him this season. Is that how managers are judged? Again speculation as I don't know, but the sale of players like Clarke must have swelled their coffers quite a bit as well as reducing their wage bill. The fact is some people like me think that TM was a good manager, probably the best since top flight relegation, doing his best in challenging circumstances. Some people think he was a crap manager (just like all of the others we have had since Gordon Strachan). For me the constant factor is the club and the conditions managers work under. No one succeeds here.
Not true sbk , we would have gone into administration when we should have instead of clinging on for a further few years.Would you like me to point out if were not for CCC/ACL/HIGGS. CCFC wouldn't exist now. Or does that conveniently slip your mind?
Not true sbk , we would have gone into administration when we should have instead of clinging on for a further few years.
This club would still have existed without any of them , and I include sisu in that.
Lets see if it continues2 wins out of 2 though......
Why is Sky Blue Kid still so utterly clueless and spouting ridiculous assertions like CCC / ACL saved CCFC?
Why is Sky Blue Kid still so utterly clueless and spouting ridiculous assertions like CCC / ACL saved CCFC?
They weren't in administration at that point so Christ knows what the golden share drivel is about.Really? So tell me, how or where would CCFC have played and kept the golden share to stay in the football league without CCC/ACL/Higgs intervention with the Ricoh?
Why is Sky Blue Kid still so utterly clueless and spouting ridiculous assertions like CCC / ACL saved CCFC?
They could have used HR for a further year or 2 if they wished.Really? So tell me, how or where would CCFC have played and kept the golden share to stay in the football league without CCC/ACL/Higgs intervention with the Ricoh?
They could have used HR for a further year or 2 if they wished.
Do you really think that for the paltry sum that ccc put in ( considering the total cost) that they wouldn't have found the extra from somewhere.
I get a vision of a half built stadium overgrown and derelict because of a few quid ! That would never have happened , even without ccc , Higgs or any other group of scam artists.
... surely if you own 50% of the company you can in some small way influence the rental discussion, that would be whole the point of the 50% acquisition wouldn't it?
Ccc was regarding the stadium build, the Higgs deal came later which indeed kept the club from going into administration . To think we would have folded without that is ludicrous.I suggest both you and hutch1972 get together and work out a planbecause you both contradict each other
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