New owner in place by Friday, accounts sorted, embargo lifted and a number of new loans in place by 28th, deadline day. Realistic hope ? Why not.
Really, so a new owner worth approx 5 times the amount that SISU have invested to date, is going to
Pay SISU an amount of money they are happy with
Buy the stadium in order to make his investment worthwhile
Sign new players
And come Friday, he too will be broke
Dream on!!!
Pay SISU an amount of money they are happy with
Buy the stadium in order to make his investment worthwhile
Sign new players
And come Friday, he too will be broke
Dream on!!!
S
skyblue2k
Guest
Rupert Bear - You say you have info about potential owners but do not want to post incase you get laughed at. Come on, if you have a rumour tell us and lets make our own minds up.
Nothing i have heard will be put on here, but i will say things seem to be happening almost exactly as i was told it would do. The only thing i will say is the name i was told don't sound very American
This is very similar to last year almost identicle but this time the good guys have put the administration threat there as security and this time there is no Tango man around to sabotage things
Doesn't part of the due diligence procedure involve the examination of CCFC's books? I assume that this would imply that SISU/CCFC are giving their full co-operation to this?
Sounds a bit far-fetched to me !!
Due dilligence complete hey? Surely SISU would need to be involved in that? Explain..
You mention that administration process is there to prevent a uturn right?
You mention that administration process is there to prevent a uturn right?
That's the long term plan....
Keeping bringing new millionaire owners, bleeding them dry and then sending them on their way!!
I know that was a joke but I don't think I could put up with more years of crap. Our club needs stability. We need to progess.
Bottom lip quivers. Come on you Sky Blues.
Not a hope in hell.
New owners - Highly unlikely. Due diligence and commercial agreement on a straight 121 purchase is time consuming enough. With 3rd and 4th party interests to be considered, no chance.
Accounts - Impossible. The closing of the current CCFC trading entity will typically be a lengthy process.
Embargo Lifted - See above.
Loans - See above.
I admire your optimism Rupert but nothing happens on a handshake anymore. Accountants and lawyers are more interested in covering all angles, than any timeliness.
Or wait till Monday and get it for nothing. If he is a Coventry fan then he would beat the deadline, but he is a businessman so he won't. (Whoever he is !!!)
are we talking Preston Haskill?
Heard a rumour prior to the Hartlepool game that "american suits" have been at the Ricoh a LOT over the last couple of weeks. Thought nothing of it as while the source is reliable, its quite possible they were considering using the venue for a gig/conference etc.
not putting 2+2 and getting 5 I hope but it would make sense.
Can't see anything going through before Friday. If you were in his shoes you'd wait for admin, be able t see the books, get a better price for the club and not have to deal with SISU. The development land makes the investment much more appealing as does the stadium. It wouldn't take much to get CCFC as a team viable with all the above in place. Take 10 points now, come out in good order, get promotion next year as the stadium and surrounding area starts to make money. one or two years to get promotion from the championship the local area supports the investment with CCFC acting as the advert for the area. Railway station won't happen for 10years if at all ever.
Heard a rumour prior to the Hartlepool game that "american suits" have been at the Ricoh a LOT over the last couple of weeks. Thought nothing of it as while the source is reliable, its quite possible they were considering using the venue for a gig/conference etc.
not putting 2+2 and getting 5 I hope but it would make sense.
Can't see anything going through before Friday. If you were in his shoes you'd wait for admin, be able t see the books, get a better price for the club and not have to deal with SISU. The development land makes the investment much more appealing as does the stadium. It wouldn't take much to get CCFC as a team viable with all the above in place. Take 10 points now, come out in good order, get promotion next year as the stadium and surrounding area starts to make money. one or two years to get promotion from the championship the local area supports the investment with CCFC acting as the advert for the area. Railway station won't happen for 10years if at all ever.
J
Jack Griffin
Guest
Wouldn't it be great if there was a millionaire/billionaire Coventry FAN waiting in the wings? Someone that has experienced the shit we've had to put up with over the years and just wants to make things better for us all by playing some of his cash.
Instead, I imagine we'll end up with someone whose only heard of coventry because joe Elliot has been trying to sell the club to him and couldn't careless about the club other than how it can be used to further his own agenda..
What bullshit. I could sit here and say I've been told something but I won't disclose what, then everytime something happens come straight to this forum and say, Yep that's what I was told! Rubbish pal. Put something real on here
