No new players then..... (2 Viewers)

skybluejelly · Aug 22, 2011

Godiva said:
There could be a way around this.
If a new fund was set up with those 250.000, the money can be channelled to the club as a loan. The loan should carry an interest of e.g. 10% p.a. The loan should have no periodic installments but should be repaid in full at the date the players original contract runs out.
I am sure a half decent lawyer can get the wording in the loan contract right to avoid conflicts with the third party ownership regulation.

The money could come from supporters as well as investors.

Oh and profit on the sale of the player excluding the interest paid on the loan would go into the club coffers.

if they want a loan they should go to the bank...

what they want is to use another argument ..in that " well your not willing to put any more money in neither are we."

SkyBlue_Bear83 · Aug 22, 2011

Shouldn't the club be looking at increasing attendances and merchandise sales rather than asking fans for freebies. Shouldn't they be looking at other forms of income rather than begging and scrounging from fans.

kg82 · Aug 22, 2011

oldskyblue58 said:
"After what us fans have spent into the club already? and for what? "

Bit like what the SISU investors are saying really isnt it

Difference is though we're fans. We put in as much as we can but never promise to anybody to fund the club. This is because we cannot afford to. Simple thinking really isn't it. SISU, on the other hand, are owners of our football club. That brings along a lot of responsibilities. Responsibilities they seem to be forgetting (or ignoring). NOW, this is because THEY can't afford this. That's fair enough due to the global recession BUT, what I don't get is, that recession was being predicted for months. This company are meant to be full of business minded people who, I would have thought, would be keeping an eye on this sort of thing and predicting budgets for the next year. SURELY any high profile business with a board who had a brain cell between them could have seen that running a football club would be out of their depth.

Godiva · Aug 22, 2011

It is hard to say how ideas like this pops up, but maybe someone at a board meeting said something like:

"Thorn begs us to find the money to buy another midfielder, but as we all know there is no money for purchases as we didn't get anything for Westwood, Gunnason or King. Any ideas?"
And someone else replies
"We have about 10.000 die hard fans - if only they would contribute with an additional £25, that could buy Thorn his midfielder."

Think about it for a moment. Even fans abroad (all three) could contribute.
Two ways to react as a fan:
- "The board are f*cking useless" etc.
- "Interesting idea - that player could become our mascot".

It will probably never happen, but at least someone is trying to think differently.

sky blue john · Aug 22, 2011

If we the fans still had our shares which we were forced to hand over at gunpoint !!!!!!!!!
Then it wouldn't be an unreasonable request. But if you hold all the shares then you are solely responsible for the cost implications and profit of the business and have to take the rough with the smooth !!!!
It sickens me that these cheeky Bast ards have even suggested this :jerkit::jerkit::blue::blue::blue::blue::blue:

coundonskyblue · Aug 22, 2011

kg82 said:
Difference is though we're fans. We put in as much as we can but never promise to anybody to fund the club. This is because we cannot afford to. Simple thinking really isn't it. SISU, on the other hand, are owners of our football club. That brings along a lot of responsibilities. Responsibilities they seem to be forgetting (or ignoring). NOW, this is because THEY can't afford this. That's fair enough due to the global recession BUT, what I don't get is, that recession was being predicted for months. This company are meant to be full of business minded people who, I would have thought, would be keeping an eye on this sort of thing and predicting budgets for the next year. SURELY any high profile business with a board who had a brain cell between them could have seen that running a football club would be out of their depth.

Agree 100%. The first sign of trouble as I recall was Northern Rock going tits up. That happened in September 2007, 3 months before Sisu bought Cov. If they were the great, repsonsible businessmen & owners that some on here would have you believe why didn't they see the recession coming?

Now I have no doubt that it was the recession that caused them to change their plans, but that to me proves why we need rid of them. Incompetence!

SkyBlue_Bear83 · Aug 22, 2011

Godiva said:
It is hard to say how ideas like this pops up, but maybe someone at a board meeting said something like:

"Thorn begs us to find the money to buy another midfielder, but as we all know there is no money for purchases as we didn't get anything for Westwood, Gunnason or King. Any ideas?"
And someone else replies
"We have about 10.000 die hard fans - if only they would contribute with an additional £25, that could buy Thorn his midfielder."

Think about it for a moment. Even fans abroad (all three) could contribute.
Two ways to react as a fan:
- "The board are f*cking useless" etc.
- "Interesting idea - that player could become our mascot".

It will probably never happen, but at least someone is trying to think differently.

Thinking differently is coming up with new interesting ideas to generate income. Asking for freebies from the fans is just desperate.

kg82 · Aug 22, 2011

Godiva said:
It is hard to say how ideas like this pops up, but maybe someone at a board meeting said something like:

"Thorn begs us to find the money to buy another midfielder, but as we all know there is no money for purchases as we didn't get anything for Westwood, Gunnason or King. Any ideas?"
And someone else replies
"We have about 10.000 die hard fans - if only they would contribute with an additional £25, that could buy Thorn his midfielder."

Think about it for a moment. Even fans abroad (all three) could contribute.
Two ways to react as a fan:
- "The board are f*cking useless" etc.
- "Interesting idea - that player could become our mascot".

It will probably never happen, but at least someone is trying to think differently.

A little scenario. You like going to a particular franchise fast food restaurant. You go in a fair bit, you like going there and you spend quite a bit in there. You hear the franchise is struggling financially and the owner asks you, along with some other customers, to donate a few pounds for stock every time it's needed. Would you do it considering, even though you like the place, it's not your responsibility to fund these things?

oldskyblue58 · Aug 22, 2011

principle is the same Kg82 we are saying we cant afford it so are they, doesnt matter if fans or not the result is the same. No money. Personally I think the idea of fans buying players is a non starter but it is an option that needed exploring given our present situation

What they have promised is to keep the club as a going concern and pay the bills that fall due they have made no undertaking to provide further funds for transfers perhaps because the investors in the funds are sticking to their budget or perhaps they caught a financial cold too - we dont know we do know there are no significant (any) funds coming from the SISU funds for transfers.

They are saying the budget is the club pays its own way from now on and sticking to it - I dont actually agree they have it right, never have, but the club has to stand on its own two feet to have a long term future. I think their strategy from the start (and i include RR in this) was wrong and the current situation was inevitable - the takeover under funded us from the start and the Board failed to control costs properly

We are mixing up the expectations with responsibilities - they have a responsibility to ensure the financial survival of the business that is clearly not the same as the fans expectations in respect of buying players. Thats where the difference is that causes so much annoyance

As for the recession catching them out - plenty of very large respected financial institutions got caught out why would SISU have known better? Look at current financial situation for the UK it changes every week, predictions/budgets are educated guesses not certainties The reason why there is so much anger against SISU is not because they dont know how to run a business its because they dont run it or fund it the way we want it to be.

Godiva · Aug 22, 2011

kg82 said:
A little scenario. You like going to a particular franchise fast food restaurant. You go in a fair bit, you like going there and you spend quite a bit in there. You hear the franchise is struggling financially and the owner asks you, along with some other customers, to donate a few pounds for stock every time it's needed. Would you do it considering, even though you like the place, it's not your responsibility to fund these things?

I don't know - it's a little too abstract for me.
Would I contribute £25 towards buying a player we desperately need? Yes, if the money really was ringfenced for the purpose.

blueflint · Aug 22, 2011

what a shambles this club is becoming i'm sky blue through and through but maybe getting tired of the shit and moving on to another club

kg82 · Aug 22, 2011

It may be a cop out, but I'm saying that isn't our responsibility. I'm a student, I've bought my season ticket and I've bought my shirt. I drive to the Ricoh every home game and I get to as many away games as I can afford. For the club to then turn around and say "put your hand in your pocket again if you want to see new players come in" really pisses me off. They're the owners, I do my bit, as much as I can. Maybe they should reach into their own gold laden pockets with their massive wages and fund a new player themselves.

oldskyblue58 · Aug 22, 2011

blueflint said:
what a shambles this club is becoming i'm sky blue through and through but maybe getting tired of the shit and moving on to another club

sorry that has two statements that are mutually exclusive........ could never support another club ..... but thats your choice chap

oldskyblue58 · Aug 22, 2011

I agree it shouldnt be the responsibilty of the fans to buy players. But fans also need to understand owners of most clubs do not have a bottomless pit of money to fund their expectations. Owners have to be financially responsible too - wouldnt do for the funds to go bust and call the loans in would it - that would be administration for certain if not worse - if they have gone as far as they are prepared to then thats it we need to look at other ways to fund the club or cut costs. Unfortunately that may have some depressing consequences

Godiva · Aug 22, 2011

kg82 said:
It may be a cop out, but I'm saying that isn't our responsibility. I'm a student, I've bought my season ticket and I've bought my shirt. I drive to the Ricoh every home game and I get to as many away games as I can afford. For the club to then turn around and say "put your hand in your pocket again if you want to see new players come in" really pisses me off. They're the owners, I do my bit, as much as I can. Maybe they should reach into their own gold laden pockets with their massive wages and fund a new player themselves.

I understand what you are saying and respect your commitment.

I could afford the £25 and I certainly would expect the board members to contribute on a personal level as well.
If the money was placed as a loan and repaid after say three years with a 10% interest, then it could maybe attract a few investors as well.

But I would pay the £25 wheter it was a loan or a donation.
And I am sure the player we bought would be my personal favorite.

Sub · Aug 22, 2011

and what happens if the club goes into administration ? what happens to the fans money and the player(s) that were brought in, they will be sold for peanuts the money will pay the Tax man and the fans will be out of pocket again !!!!

kg82 · Aug 22, 2011

While I agree with that OSB, I think buying or loaning in one or (God forbid) a couple of OUTFIELD players isn't exactly expecting too much, also considering the amount of players that have left. They can explore other routes (and, please LORD, let that be the option of doing one) but to ask the fans to fund player transactions is completely disrespectful.

Godiva · Aug 22, 2011

Sub said:
and what happens if the club goes into administration ? what happens to the fans money and the player(s) that were brought in, they will be sold for peanuts the money will pay the Tax man and the fans will be out of pocket again !!!!

Administration is what we should all fight to avoid, it won't do anyone any good.
Strengthning the squad is the way to fight off administration.

kg82 · Aug 22, 2011

Godiva said:
Strengthning the squad is the way to fight off administration.

And there it is. So why can't SISU see this.

oldskyblue58 · Aug 22, 2011

kg82 said:
While I agree with that OSB, I think buying or loaning in one or (God forbid) a couple of OUTFIELD players isn't exactly expecting too much, also considering the amount of players that have left. They can explore other routes (and, please LORD, let that be the option of doing one) but to ask the fans to fund player transactions is completely disrespectful.

kg82 i dont disagree with you on that at all - like i said i dont agree with their overall strategy never have

Godiva · Aug 22, 2011

Godiva said:
Strengthning the squad is the way to fight off administration.

kg82 said:
And there it is. So why can't SISU see this.

I think they can - so they ask the question: "Would fans be prepared to help fund new players".

Sub · Aug 22, 2011

Godiva said:
Administration is what we should all fight to avoid, it won't do anyone any good.
Strengthning the squad is the way to fight off administration.

thats what im saying we could buy a player still not avoid relegation in turn this could lead to administration and the fans take the hit again!! and in adminstration anything is sold to cover all debts ! the idea is a non starter

Sterling Archer · Aug 22, 2011

Screw it, I'd pay £25 towards a new player. Nothing to do with SISU, I just want to watch better players represent my club.

kg82 · Aug 22, 2011

I'm not sure £25 would go very far! And I don't think you'd get 10000 people willing to put in.

Godiva · Aug 22, 2011

kg82 said:
I'm not sure £25 would go very far! And I don't think you'd get 10000 people willing to put in.

Probably not, but if 2.000 fans did, and the board did, and many in the club administration did, and some players did ... it would be a hell of a strong signal to potential investors! If would be a walk in the park getting the rest of the £250.000.
And one more thing ... it would bring a positive aura to the club and we would become much more attractive to those investors who can bring the stadium to the club.

It may all be a dream ... but this dream is so much more plesant than the nightmare of protesting?

SkyBlueScottie · Aug 22, 2011

6 Generations said:
I do admit, however, that this contradicts Ken Dullieu's pre-match statement in which he said that they expect to get 1 or 2 new

players before end of transfer window.

Maybe the statement was based on the proviso that the fans actually cough up!!

You need to listen harder to what he said, you have to wade through the layers and layers of waffle, you are correct in that he said he expected 1 or 2 in, he then later went on quantify that he was not promising any signings but hoped to get 1 or 2 in but it did all depend on the finances.....

I have noticed he does it a lot, he answers a question with an answer he thinks you want to hear, then a couple of questions down the line he goes backl to what he originally said and alters it and adds an if or a but. Perfect example, remember his 1st press conference how he was pleased to announce that significant funding had been acheived and all was good again, we were all on a momentary high, 10 minutes later he was actually saying he was not sure if we had enough money to last until the end of the season.

As for the fans buying a player, its a fucking joke, what next a few blackout cards handed around the stadium, players to pay subs? the whole set up is so amateurish.

Even if you are a fan, were aware of the politics surrounding the ownership would you really trust them with your money?

The CableGuy · Aug 22, 2011

Sterling Archer said:
Screw it, I'd pay £25 towards a new player.

And their wages too?

Chipfat · Aug 22, 2011

The fans that think is is a good idea and are posting this are just encouraging SISU to keep treating us like fookin mugs!!!!! you do it once and before you know they will sit in power, never sell because they know we will bail them out for every bad decision they make.... And we still now are debating if SISU are good for our club,, i fookin hope they ask and do it before the next home game and see how many people turn up to watch... KD is a Baby who is in a mood because of the reation Saturday, he thinks we are fools and now is treating us as fools and some are falling for it....

skyblueinBaku · Aug 23, 2011

Even if this scheme went ahead, does anyone believe the assurance that the money would be ringfenced and used solely to buy players? I don't.

IrishSkyBlue · Aug 23, 2011

Id rather the fans put there money together and try push sisu out get hoffman in before its too late these are bad times indeed.

gally9 · Aug 23, 2011

It does seem unlikely he said this, but, i suppose he could ( as some have said ) thrown his dummy out because of the reaction on Saturday

Adam Jones · Aug 23, 2011

When SISU took ownership of Coventry City, they bought 100% of the shares in CCFC Holdings Ltd. That included not only the shares owned by the existing board, but also the relatively small number of fan-owned shares, who relinquished their stake on a manifesto promising the delivery of, firstly, the Ricoh Arena; secondly, a squad equipped to build for the future; and thirdly, promotion to the Premier League. SISU have delivered zero of their three promises. Even their secondary manifesto promise of 'leaving the club in a far better position than we found it' (to quote Ranson) has failed spectacularly. To round on the very fans they removed from their status as stakeholders in the club and who are their sole source of financial support and say that it is our duty to fund player transfers is absolutely absurd. Offensive, even. If they want the club to be fan-funded, then they also have to respect that the fans deserve a formal stake in the club, and that could represent a shift in many (often more positive) directions. If it was ever necessary, this is the solid evidence that SISU aren't fit to run a football club and have absolutely no intelligence in business or in matters of football.

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