New post: FOI responses expose Coventry City Football Club’s “new stadium plans” (1 Viewer)
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Who would buy the club under those conditions?
Astute
Well-Known Member
sisu ?
yes but I don't think there has ever been any indication sisu are willing to pay market rate, as a ccfc fan I'd be happy without the market rate (even free) bit if they really could guarantee ccfc would own it forever and if ccfc ceased to exist the stadium goes back to the council, I'm not sure as a resident of Coventry I'd be happy with the council giving away 10's of millions of value though and I see no reason they would consider it, nore do I think its right to demand that.
skybluetony176
Well-Known Member
sounds good in princaple but i'm sure shitsu will find a litigation loophole to get out of that or use their other tactic of litigating their opponent into submision with out actually having to step foot in the court room.
davebart
Active Member
I really wish I could follow the logic of anyone who thinks the ground should be given to SISU.
I can only presume you are in the habit of giving things to people for free? Especially those people who are trying to rip you off.
The club should own ACL - not the Ricoh stadium in its bricks and mortars. Coventry City community should still own that.
And the club shouldn't just be gifted ACL. The shares should be bought from CCc and Higgs.
There has been much talk about an agreed HoT between sisu and CCc dating back before the rent strike. Maybe the conditiones outlined then (revised to current circumstances) should be the basis for a sale?
Hobo
Well-Known Member
SISU had an open offer when they took over the club to buy a share in the Ricoh they declined. They have been offered rent reductions, they declined.
We are now as a club perusing their agenda. For the last six years. They are the captain on the bridge. They are accountable for our situation. We have made mistakes ( repeatably) is not transparency!
I posted a topic asking for positives about SISu. i got none, not even positives i disagreed with, i got none. I knew I would get none. Because there are no positives.
ACL do not run us..but .they have a right to protect their interests.
SISU want to invest in the Ricoh not the football club....wake up.
They want to be ACL!! Not football club owners, although happy to invest with a return via interest and management fees! A football Wonga.com
We are now as a club perusing their agenda. For the last six years. They are the captain on the bridge. They are accountable for our situation. We have made mistakes ( repeatably) is not transparency!
I posted a topic asking for positives about SISu. i got none, not even positives i disagreed with, i got none. I knew I would get none. Because there are no positives.
ACL do not run us..but .they have a right to protect their interests.
SISU want to invest in the Ricoh not the football club....wake up.
They want to be ACL!! Not football club owners, although happy to invest with a return via interest and management fees! A football Wonga.com
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ohitsaidwalker king power
Well-Known Member
Perhaps they were victims of bullying when young?
fernandopartridge
Well-Known Member
I said the club. SISU and the club are and aren't the same thing. If the club retains title to the ground whoever owns it then what is the problem?
The reason for all the angst and arguing among fans, is because it feels as if you are stuck in a maze blindfolded, there just doesn't seem anyway out of it. Everyway you turn you see a dead end.
Even most supporters of SISU seemingly don't believe the new stadium promise, and all the evidence points that way. If by some miracle a new stadium was to be built, what state would the club be in after 4/5/6 years playing in Northampton? Even then after years more of losses ,plus the new stadium costs, how would SISU ever get their money back, even if they were minded to sell up.
Equally it is hard to see how the Council would ever countenance a sale to SISU ,and certainly not at a price that SISU would probably wish to pay. If as seems likely that SISU lose their appeal re the stadium loan, what do they do next?? How long can they spin out the new stadium idea, sooner or later, they are going to have to put up, or admit the new stadium is not happening. Then what??
Even most supporters of SISU seemingly don't believe the new stadium promise, and all the evidence points that way. If by some miracle a new stadium was to be built, what state would the club be in after 4/5/6 years playing in Northampton? Even then after years more of losses ,plus the new stadium costs, how would SISU ever get their money back, even if they were minded to sell up.
Equally it is hard to see how the Council would ever countenance a sale to SISU ,and certainly not at a price that SISU would probably wish to pay. If as seems likely that SISU lose their appeal re the stadium loan, what do they do next?? How long can they spin out the new stadium idea, sooner or later, they are going to have to put up, or admit the new stadium is not happening. Then what??
Hobo
Well-Known Member
Possibly liquidation which they have threatened several times....yet there are people who want to buy the club!
Whether they would be any better who knows?
You are right we are in blindfolds...we are becoming disorientated,,,,paranoid!!!
It is not the football I grew up with and not the football children should grow up with!
Football is a fantastic past time and spectacle!
And about community identity!
Paxman II
Well-Known Member
Once again a comment that says there are no councils with any stadium plans submitted, is taken as read and proof personified so everyone gets their knickers in a twist and it's hate SISU some more.
Good grief, why should there be any submitted plans yet anyway? Will they build a stadium? I don't honestly know but see the thinking and I don't see why not. Will they prefer to be back at the Ricoh? Absolutely! can they get a suitable deal to do that? Hmm, they should and the parties concerned have a million ways to skin this cat and my big concern is why the heck aren't they doing so???
Stop making mountains out of mole hills people and start concentrating your efforts on ACL/Council/Otium as one campaign and then we might get them listening. While playing one side against the other they will both continue to ride their ego trains. We need both these organisations to start respecting the City of Coventry, it's historical interest and football club and above all the fans, men, women, children and the generations gone before and the future generations to follow and stop messing with the towns major asset like it was some pawn in a game of chance.
Good grief, why should there be any submitted plans yet anyway? Will they build a stadium? I don't honestly know but see the thinking and I don't see why not. Will they prefer to be back at the Ricoh? Absolutely! can they get a suitable deal to do that? Hmm, they should and the parties concerned have a million ways to skin this cat and my big concern is why the heck aren't they doing so???
Stop making mountains out of mole hills people and start concentrating your efforts on ACL/Council/Otium as one campaign and then we might get them listening. While playing one side against the other they will both continue to ride their ego trains. We need both these organisations to start respecting the City of Coventry, it's historical interest and football club and above all the fans, men, women, children and the generations gone before and the future generations to follow and stop messing with the towns major asset like it was some pawn in a game of chance.
D
Deleted member 5849
Guest
Well... you say you've been planning for this eventuality for months, you'd expect *some* substance, wouldn't you?
Now admittedly the question was 'formal' talks, so nothing about the 'informal' but nonetheless, couple that with the inability of somebody to scrawl a generic stadium on the back of a fag packet and release the pictures (to persuade people to pop along to Northampton, if nothing else) seems an unusual approach to something that's apparently well advanced, and requires on positive mass awareness to work, and work well.
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hill83
Well-Known Member
I think the point is that it's been said several times by Fisher they are in talks. And although not proven in the link, this is now under even more doubt.
shy_tall_knight
Well-Known Member
Paxman SISU are the main players here, they alone decided to take us to Northampton, financial suicide but aimed at distressing all other stakeholders until they get their way, their are no perfect owners but their ownership has been a disaster and is going in one direction, this thread is well written and needs to be read by all to confirm the mess that we are in.
Hobo
Well-Known Member
It is in SISus court to prove their intent...realistically we have to give them 12 months. Despite Mr Fisher statement claiming they have been planning this since the beginning of 2013.
Mr Fisher you have to notify the FL at the earliest opportunity by FL rules. Was that prior to administration or post.
I think it's already documented dont you?
Mr Fisher you have to notify the FL at the earliest opportunity by FL rules. Was that prior to administration or post.
I think it's already documented dont you?
tisza
Well-Known Member
A lot of people seem to think that SISU are just after the stadium & land.
Apart from having something on which AVRO can secure some more of the debt what do people think SISU can do that the ACL can't?
If the Ricoh etc. is such a potential goldmine for SISU then why can't it be for ACL?
Apart from having something on which AVRO can secure some more of the debt what do people think SISU can do that the ACL can't?
If the Ricoh etc. is such a potential goldmine for SISU then why can't it be for ACL?
lifelongcityfan
Well-Known Member
sisu want to buy the ground for nothing, reunite with the club, and sell the whole lot. Recouping some of their losses.
It seems that even the posters not as anti SISU as the most of us are beginning to come to the conclusion that the new stadium could be a figment of Joys imagination! Surely if the stadium is bogus ,Sisu's plans are a complete and utter lie . In that case shouldn't we all stick together to rid ourselves of these dubious gang .
ohitsaidwalker king power
Well-Known Member
A figment maybe.. I'd describe it a as a contrived plan to fool the football league of their credibility re groundshare planning.... the football league fell for it.... now there's a suprise?
As soon as everyone comes to their senses the better. Of course the "new ground", is a ruse in order to satisfy the FL. Plan A is to get the Ricoh for next to nothing....always has been. Plan B is to create a franchise football club and sell it on. They may well not get back all of the money which they have sunk into CCFC but at least they will come out of it with something.
davebart
Active Member
maybe they should - unfortunately the club is SISU / Otium who are not interested in running anything. They aren't greengrocers they're money sharks.
D
Deleted member 5849
Guest
Which posters would they be?
Mary_Mungo_Midge
Well-Known Member
Good Lord; Godiva, this - unsurprisingly - reads like the wording from SISU's unsuccessful judicial review.
The aim of the loan from CCC was to prevent foreclosure by the Yorkshire Bank of an entity in which the council was a stakeholder; and which was the subject of financial distress by its primary tenant.
What proof do you have that it's aim was anything else; such as the regime change you claim?
chickentikkamasala
Well-Known Member
How about a return to the Ricoh with access to all match day incomes in return for a fair and reasonable annual rent conditional to what division we are in? ACL make the money off the rent and other functions at the Ricoh on non match days?
Thoughts?
Thoughts?
Samo
Well-Known Member
Wow! Real outside the box stuff that! I wonder why nobody else has thought of it?