now it’s becoming a reality moving from the ricoh - Letter from EFL to CCFC (1 Viewer)

[rob9872]

2000 people? we only average what 10 or 11 thousand thats a very high percentage going in. 23 times a year at 4 hours a piece 92 hours for an establishment that opens well over 6500 hours a year. It will be a tidy sum certainly to you and me but in the scheme of things to a Casino and after deducting costs and pay outs not as big as you suggest

Agreed nothing like 2000. I've been in for a poker tournament with 500 and it's absolutely rammed. Most are also not dropping £50. Some of course will be and some excessively more, but most are for a couple of beers only.

 

---

[wince]

When SISU, Acquired the shares, Ranson promised that the club would be in a better place when SISU left than when thy came , if we no longer exist and with the liquidation that has already taken place , could the original shareholders NOT SUE SISU as this would not/is not to be the case

 

[covcity4life]

can they cease litigation and just start it up again after rent deal signed?

then hopefully sell up and fuck off by rent deal runs out

 

[rob9872]

When SISU, Acquired the shares, Ranson promised that the club would be in a better place when SISU left than when thy came , if we no longer exist and with the liquidation that has already taken place , could the original shareholders NOT SUE SISU as this would not/is not to be the case

Well I'm certain that's the outcome we're all looking for ….

 

[SkyBlueDom26]

I really don't think anyone sane has ever said that

You'd be amazed by some individual comments on twitter in the past

 

[skybluetony176]

This was based on so much extra to L1, Championship and Premiership. Unlikely to ever be realised and if it does then it's £100m minimum to finish bottom of the EPL. Only a fool would accept and they knew that. It's about as worthy as me writing to tell them I'll give them £20m if I win the Euromillions.

When you look at what Wolves and Villa were sold for in a higher league than us, own their ground, own their training ground, own their academy etc then even at the minimum amount it was a decent offer. My only gripe with it was that there was the potential for SISU to continue earning after they sold. They offered more than the club was worth in reality and I think anyone would struggle to form an argument to prove otherwise. I’m sure someone will try though.

 

[fernandopartridge]

When you look at what Wolves and Villa were sold for in a higher league than us, own their ground, own their training ground, own their academy etc then even at the minimum amount it was a decent offer. My only gripe with it was that there was the potential for SISU to continue earning after they sold. They offered more than the club was worth in reality and I think anyone would struggle to form an argument to prove otherwise. I’m sure someone will try though.

They offered more than the club was worth and world have put it in the ludicrous position of increasing indebtedness the more successful it was.

 

[Irish Sky Blue]

Wasps are a mobile rugby franchise, SISU a hedgefund responsible only to their investors and the fate of CCFC will decide very few votes in elections (and anyway SISU will be set up as being to blame). In the grand scheme of things we are a club (in the broadest sense) of about 10k members. Do not overstate our importance.This is a money negotiation pure and simple.
WASPS - in dodgy financial territory, but would like the rent
SISU - playing a game of chicken with the others, but CCFC serves a purpose
CCC - just want the problem to go away - it is not core to their existence. Wants the other two to agree

All of the parties want CCFC to continue at the Ricoh, but all have "walk away" positions. Whether you like it or not.

While attendances might indicate 10k members, CCFC means a more to the wider community. There are a lot of people who would come back if this mess is ever sorted out. There are are lot who would come back with another promotion or two. Think of the numbers who have been to Wembley, the turn out in the city centre last summer (was it 50k?) and the 250k who were there afte4 the Cup win. I think the club is a major part of the cultural life of the city to many people. I know whe next I bump into people one of the first topics of conversation will be “The City” because they know I go, even if they don’t. They are still interested.

 

[Captain Dart]

 

[Joy Division]

If the EFL kick us out we'll just not give them their League 2 play off trophy back. Fuck them.

 

[skybluetony176]

They offered more than the club was worth and world have put it in the ludicrous position of increasing indebtedness the more successful it was.

I’m glad you agree they offered more than it was worth but I’m not sure how they would have been increasing indebtedness when any extra money paid out to SISU would have been from financial windfall not by growing debt. As I understand it anyway. Still didn’t like the prospect either way.

 

[HuckerbyDublinWhelan]

While attendances might indicate 10k members, CCFC means a more to the wider community. There are a lot of people who would come back if this mess is ever sorted out. There are are lot who would come back with another promotion or two. Think of the numbers who have been to Wembley, the turn out in the city centre last summer (was it 50k?) and the 250k who were there afte4 the Cup win. I think the club is a major part of the cultural life of the city to many people. I know whe next I bump into people one of the first topics of conversation will be “The City” because they know I go, even if they don’t. They are still interested.

I work in Birmingham and I always get asked how Coventry got on at the weekend. We’re a bigger deal than the council give us credit for.
I’ve only been asked how wasps are doing once... that was when I was in London - I told him in no uncertain terms that I don’t know or care, only that I hope they go bust.

Conversation died after that

 

[Martw]

Nobody wins if we go under, simple statement of course but Sisu will have a reputation problem big time in their field - always known as the company that lost lots of court cases and took a famous football club under. Wasps will face the backlash of being the business who helped close down the entity for which the building was built for and again will always have that stigma over them and the council face a political backlash the likes of which I suspect they can't even begin to imagine. So they will find a deal in my opinion.
Wasps have to move their stance but that would be made simple overnight if this continued and fruitless court action was to be dropped. The council also have a huge part to play to continue to ensure Wasps and Sisu no longer play russian roulette with the club.

 

[Pete in Portugal]

It's not really intervention

I agree , but they are giving notice of an intervention, an EFL members meeting to consider expulsion, with deadlines. It also provides clarity about what the Club it required to do, in order to avoid this intervention.

 

[HuckerbyDublinWhelan]

Nobody wins if we go under, simple statement of course but Sisu will have a reputation problem big time in their field - always known as the company that lost lots of court cases and took a famous football club under. Wasps will face the backlash of being the business who helped close down the entity for which the building was built for and again will always have that stigma over them and the council face a political backlash the likes of which I suspect they can't even begin to imagine. So they will find a deal in my opinion.
Wasps have to move their stance but that would be made simple overnight if this continued and fruitless court action was to be dropped. The council also have a huge part to play to continue to ensure Wasps and Sisu no longer play russian roulette with the club.

Will they have a reputation issue? We could be part of a money making portfolio.

 

[Nick]

Nobody wins if we go under, simple statement of course but Sisu will have a reputation problem big time in their field - always known as the company that lost lots of court cases and took a famous football club under. Wasps will face the backlash of being the business who helped close down the entity for which the building was built for and again will always have that stigma over them and the council face a political backlash the likes of which I suspect they can't even begin to imagine. So they will find a deal in my opinion.
Wasps have to move their stance but that would be made simple overnight if this continued and fruitless court action was to be dropped. The council also have a huge part to play to continue to ensure Wasps and Sisu no longer play russian roulette with the club.

SISU are the ones most likely to win from it.

 

[shmmeee]

IMO it's actually got to the point where for many of those who find themselves under the Wasps/Council banner/s would rather the club go under if it meant they were rid of SISU. Sentimentality associated with the club and the city got thrown out of the window years ago.

Such bullshit.

“Oh only people who think like meeee really care for the club”

Piss off you dick.

 

[shmmeee]

Which gives sisu a hell of a case to say they’ve been forced out of business.

It really fucking doesn’t.

They’d be laughed out of any court if they tried to claim that.

Exclusive footage of the Sisu opening statement:

 

[Nick]

It really fucking doesn’t.

They’d be laughed out of any court if they tried to claim that.

Exclusive footage of the Sisu opening statement:

Tried to claim what? The only side it would benefit if the club went would be SISU.

Very naive to think they wouldn't use it in that way.

 

[oldskyblue58]

telegraph
A source close to the Gary Hoffman-led consortium, who does not want to be named but the Telegraph understands has been involved from the beginning, claims a formal offer has been put to Sisu boss Joy Seppala – an improvement of £5m on the previous bid – which, he says, would rise to in excess of £20m subject to various add-ons.

But Seppala wanted only hard cash, not maybe sometime add ons. The deal was dressed up as £20m it was nothing of the sort and was rejected immediately

 

[Mcbean]

Mmmm well this should focus the minds in a number of locations - Sisu will be looking for the value direction - just not sure what that is as the players contracts are possibly the only assets but given no club ( not the preferred option) agents willl be looking to cash out of Coventry - await with baited breathe !

 

[Nick]

It is pretty blatant that it is Wasps etc distressing CCFC to try and force the club to be handed over to Hoffman.

As I said, another Haskell situation. If it doesn't work, let's see if people are as bothered about CCFC being distressed like they were ACL.

It's why CJ said that talks had to be strictly private, shitting themselves that legal action would be coming their way

 

[shmmeee]

Wasps are a mobile rugby franchise, SISU a hedgefund responsible only to their investors and the fate of CCFC will decide very few votes in elections (and anyway SISU will be set up as being to blame). In the grand scheme of things we are a club (in the broadest sense) of about 10k members. Do not overstate our importance.This is a money negotiation pure and simple.
WASPS - in dodgy financial territory, but would like the rent
SISU - playing a game of chicken with the others, but CCFC serves a purpose
CCC - just want the problem to go away - it is not core to their existence. Wants the other two to agree

All of the parties want CCFC to continue at the Ricoh, but all have "walk away" positions. Whether you like it or not.

Underrated post.

Drop the emotion and personalities and this is the truth of the matter

 

[shmmeee]

It is pretty blatant that it is Wasps etc distressing CCFC to try and force the club to be handed over to Hoffman.

As I said, another Haskell situation. If it doesn't work, let's see if people are as bothered about CCFC being distressed like they were ACL.

It's why CJ said that talks had to be strictly private, shitting themselves that legal action would be coming their way

It’s a shit plan when Sisu can just drop the legals and get a deal.

 

[SkyBlueCRJ]

Such bullshit.

“Oh only people who think like meeee really care for the club”

Piss off you dick.

What are you babbling on about

 

[Lord_Nampil]

Council response:

A joint statement from Leader of Coventry City Council Councillor George Duggins and Coun Allan Andrews, acting leader of the opposition Conservative group, says: “Coventry City Council has been clear in its message for more than two years now – we are willing to talk to the football club once the legal process has ended.

“The football club keeps saying it wants to meet with us but what would the purpose of the meeting be?

“If it is to come and tell us what the football club means to the people of this city then we are already well aware of that.

“If it is to say that they do not have the power to stop the legal process then what is the point of the meeting?

“What is noticeable from the football club’s statement following the EFL’s announcement today is the complete lack of any mention of their owners or their role in this.

“The club seems to think that everyone apart from SISU has a responsibility for the future of the football club yet we all know it has always been in their gift to end this.

“We suggest that rather than coming to meet us, the football club lobbies SISU to take responsibility and end this long and drawn out process so we can all move on.”

 

[fernandopartridge]

Council response:

A joint statement from Leader of Coventry City Council Councillor George Duggins and Coun Allan Andrews, acting leader of the opposition Conservative group, says: “Coventry City Council has been clear in its message for more than two years now – we are willing to talk to the football club once the legal process has ended.

“The football club keeps saying it wants to meet with us but what would the purpose of the meeting be?

“If it is to come and tell us what the football club means to the people of this city then we are already well aware of that.

“If it is to say that they do not have the power to stop the legal process then what is the point of the meeting?

“What is noticeable from the football club’s statement following the EFL’s announcement today is the complete lack of any mention of their owners or their role in this.

“The club seems to think that everyone apart from SISU has a responsibility for the future of the football club yet we all know it has always been in their gift to end this.

“We suggest that rather than coming to meet us, the football club lobbies SISU to take responsibility and end this long and drawn out process so we can all move on.”

That's ok then. Club shows an email from Dave Boddy to Joy asking for legal action to be ended and the council and Wasps get round the table.

 

[shmmeee]

What are you babbling on about

You and your shitty divisive language.

Just because people aren’t frothing at the mouth about Ann Fucking Lucas doesn’t mean they don’t care about the club.

They just see things differently to you.

The people who don’t care about the club aren’t in this fight. They’re off shopping and watching TV.

 

[shmmeee]

That's ok then. Club shows an email from Dave Boddy to Joy asking for legal action to be ended and the council and Wasps get round the table.

And what’s the agenda?

1) Did Joy say yes?
2) AOB

 

[Gibbo]

While attendances might indicate 10k members, CCFC means a more to the wider community. There are a lot of people who would come back if this mess is ever sorted out. There are are lot who would come back with another promotion or two. Think of the numbers who have been to Wembley, the turn out in the city centre last summer (was it 50k?) and the 250k who were there afte4 the Cup win. I think the club is a major part of the cultural life of the city to many people. I know whe next I bump into people one of the first topics of conversation will be “The City” because they know I go, even if they don’t. They are still interested.

I was expecting this one. The wider community are of no import at all to SISU and Wasps as they provide no revenue.. They might have an impact on CCC, but the Council have a scapegoat in SISU to blame. The wider community have no leverage and are not sitting at the table. If they attended games it might be different

 

[Monners]

Looks like we are stuffed. Sisu won't budge, Wasps won't budge until Sisu do, and CCC just want it to all go away.

 

[SkyBlueCRJ]

You and your shitty divisive language.

Just because people aren’t frothing at the mouth about Ann Fucking Lucas doesn’t mean they don’t care about the club.

They just see things differently to you.

The people who don’t care about the club aren’t in this fight. They’re off shopping and watching TV.

How is my comment divisive when it’s fact?

Please lease enlighten me with your intelligence as you clearly think you’re the Aristotle of the Coventry City fan base.

Whilst you’re at it tell me what you’re doing to help this plight we current find ourselves in? Were you the one at the front of the pitiful Walsall march banging the drum?

 

[HuckerbyDublinWhelan]

Council response:

A joint statement from Leader of Coventry City Council Councillor George Duggins and Coun Allan Andrews, acting leader of the opposition Conservative group, says: “Coventry City Council has been clear in its message for more than two years now – we are willing to talk to the football club once the legal process has ended.

“The football club keeps saying it wants to meet with us but what would the purpose of the meeting be?

“If it is to come and tell us what the football club means to the people of this city then we are already well aware of that.

“If it is to say that they do not have the power to stop the legal process then what is the point of the meeting?

“What is noticeable from the football club’s statement following the EFL’s announcement today is the complete lack of any mention of their owners or their role in this.

“The club seems to think that everyone apart from SISU has a responsibility for the future of the football club yet we all know it has always been in their gift to end this.

“We suggest that rather than coming to meet us, the football club lobbies SISU to take responsibility and end this long and drawn out process so we can all move on.”

Alternatively, if the council think there is no chance of SISU winning then why not let the legal process take its course.

Why destroy the football club, when it will not affect SISU one bit

 

[Irish Sky Blue]

I was expecting this one. The wider community are of no import at all to SISU and Wasps as they provide no revenue.. They might have an impact on CCC, but the Council have a scapegoat in SISU to blame. The wider community have no leverage and are not sitting at the table. If they attended games it might be different

It isn’t just 10k people this affects. It is a lot more than this.

 

[JulianDarbyFTW]

Council response:

A joint statement from Leader of Coventry City Council Councillor George Duggins and Coun Allan Andrews, acting leader of the opposition Conservative group, says: “Coventry City Council has been clear in its message for more than two years now – we are willing to talk to the football club once the legal process has ended.

“The football club keeps saying it wants to meet with us but what would the purpose of the meeting be?

“If it is to come and tell us what the football club means to the people of this city then we are already well aware of that.

“If it is to say that they do not have the power to stop the legal process then what is the point of the meeting?

“What is noticeable from the football club’s statement following the EFL’s announcement today is the complete lack of any mention of their owners or their role in this.

“The club seems to think that everyone apart from SISU has a responsibility for the future of the football club yet we all know it has always been in their gift to end this.

“We suggest that rather than coming to meet us, the football club lobbies SISU to take responsibility and end this long and drawn out process so we can all move on.”

"We already know what the club means to the people of the city, but we don't really give a shit about them. "

A contemptuous attitude for a council to take.