Didn't they spurn the chance of buying the ground when they took over
We got relegated because SISU kept a totally inept manager in charge and sold our top goalscorer in January.
Spunked money ?
It isn’t our priority – the success of the team is. The funds should be spent on the team. It is about getting the product right on the pitch.
We got relegated because our club has no foundations to generate any cash, as such has no cash, and as such has been the target of people who desire get rich quick schemes ahead of actually building a club as club!
We got relegated because our club has no foundations to generate any cash, as such has no cash, and as such has been the target of people who desire get rich quick schemes ahead of actually building a club as club!
We got relegated because SISU kept a totally inept manager in charge and sold our top goalscorer in January.
Spunked money ? Dann and Fox turned a profit didn't they ? Some of the others contracts were allowed to run down so we didn't get a fee.
Look at us now. 3rd division and still haven't got a pot to piss in . I would rather be PL without a pot to piss in.The parachute payments alone would more than cover the investment needed to get up there.
I am sure we have had this convo before . The rent was 6 million out of a debt of 60 to 70 million over the 5 years Sisu have been in charge.
Where has the rest of the money gone ? Exactly how much in management fees have Sisu payed themselves ? Is it more than the rent ?
some serious questions grendel. what do you think of sisu? what % off blame do you apportion to them, if any? if no blame is to be apportioned to them, what did they get right and what did they do to stop us getting in this mess?
over to you
The percentage game is ultimately pointless. It is arbitary and open to conjecture.
We know certain things. There is general acceptance among the general football world that the council dealt the club a very poor hand when they agreed the Ricoh deal. This, whatever arguments anyone cares to deploy is ultimately beyond argument. In fact no-one has ever produced any examples of a council treating its club so shabbily. Despite his bluster and fondness for admiration on here this is a question PWKH refuses to ever address.
The notion that anyone is a SISU fan is of course as absurd as absolving the council for their role in the clubs demise. Why is anyone a fan of the owners of the club? It's ridiculous and of course they have to accept responsibility for the decision to remove the club from its community and the potential catastrophic implications this may have.
However the irony of course is there for all to see isn't it? If our council and its management company had offered the club a fair deal at the beginning of its tenure and did not create a situation where the club had to increase its adult fanbase by 40% just to break even then we would not have even heard of SISU would we? It was only the unsustainable business model that introduced our evil hedge fund in the first place.
Fan hypocrisy is also significant. When fans bleat that the council saved us they also demanded the owners (prior SISU) purchased expensive players. They blasted the owners for selling McSheffrey but why? The council needed its pound of flesh didn't it?
Virtually every independent analyst said the model would never work and the club was dead the minute it entered into its pact with the council. They have been proved 100% correct.
Love it how Grendull mentions 'every independent analyst' and then leaves it up to us to prove differently. Surely if you quote something you should relate to the article :facepalm:
Add to that 'general acceptance in the football world' ..... proof ?
Plus 'the council demanded Sisu purchase expensive players'
You do not have a clue mate.
We made a measly £225k profit on fox, I doubt we sold dann for as much as was quoted in the media.We got relegated because SISU kept a totally inept manager in charge and sold our top goalscorer in January.
Spunked money ? Dann and Fox turned a profit didn't they ? Some of the others contracts were allowed to run down so we didn't get a fee.
Look at us now. 3rd division and still haven't got a pot to piss in . I would rather be PL without a pot to piss in.The parachute payments alone would more than cover the investment needed to get up there.
I am sure we have had this convo before . The rent was 6 million out of a debt of 60 to 70 million over the 5 years Sisu have been in charge.
Where has the rest of the money gone ? Exactly how much in management fees have Sisu payed themselves ? Is it more than the rent ?
The percentage game is ultimately pointless. It is arbitary and open to conjecture.
We know certain things. There is general acceptance among the general football world that the council dealt the club a very poor hand when they agreed the Ricoh deal. This, whatever arguments anyone cares to deploy is ultimately beyond argument. In fact no-one has ever produced any examples of a council treating its club so shabbily. Despite his bluster and fondness for admiration on here this is a question PWKH refuses to ever address.
The notion that anyone is a SISU fan is of course as absurd as absolving the council for their role in the clubs demise. Why is anyone a fan of the owners of the club? It's ridiculous and of course they have to accept responsibility for the decision to remove the club from its community and the potential catastrophic implications this may have.
However the irony of course is there for all to see isn't it? If our council and its management company had offered the club a fair deal at the beginning of its tenure and did not create a situation where the club had to increase its adult fanbase by 40% just to break even then we would not have even heard of SISU would we? It was only the unsustainable business model that introduced our evil hedge fund in the first place.
Fan hypocrisy is also significant. When fans bleat that the council saved us they also demanded the owners (prior SISU) purchased expensive players. They blasted the owners for selling McSheffrey but why? The council needed its pound of flesh didn't it?
Virtually every independent analyst said the model would never work and the club was dead the minute it entered into its pact with the council. They have been proved 100% correct.
The percentage game is ultimately pointless ........... create a situation where the club had to increase its adult fanbase by 40% just to break even .......... They have been proved 100% correct.
Not so much the management fees.....
Are you sure you are using the correct user name, or are you just writing like Astute normally does?
If you check back you will see I started using the name in error first.
As the management fees were £10M + I think they are pretty important in all this. Grendel never seems to worry about this huge amount being paid out to ARVO, and I don't know why. Surely this is as important as the rent isn't it Grendel?
Should Tim have stopped paying those fees?
And then try to renegotiate them? Maybe if they had got them down to 10% of that figure it would have helped CCFC?
These fees always seemed to be ignored for some reason. What am I missing? (Apart from the obvious, that they go straight back to a SISU owned Company)
Apologies I was only joking...I just had time on my hands and saw the devilment in my post
These fees always seemed to be ignored for some reason. What am I missing? (Apart from the obvious, that they go straight back to a SISU owned Company)
I think in the last year accounts were published, interest and management fees were over £3m, but I think you are wrong to say they are being ignored.
It's just about priorities. Some people consider SISU being able to maintain its Mayfair office and the owner being able to maintain her Holland Park mansion are more important than the club playing in a decent stadium.
The percentage game is ultimately pointless. It is arbitary and open to conjecture.
We know certain things. There is general acceptance among the general football world that the council dealt the club a very poor hand when they agreed the Ricoh deal. This, whatever arguments anyone cares to deploy is ultimately beyond argument. In fact no-one has ever produced any examples of a council treating its club so shabbily. Despite his bluster and fondness for admiration on here this is a question PWKH refuses to ever address.
The notion that anyone is a SISU fan is of course as absurd as absolving the council for their role in the clubs demise. Why is anyone a fan of the owners of the club? It's ridiculous and of course they have to accept responsibility for the decision to remove the club from its community and the potential catastrophic implications this may have.
However the irony of course is there for all to see isn't it? If our council and its management company had offered the club a fair deal at the beginning of its tenure and did not create a situation where the club had to increase its adult fanbase by 40% just to break even then we would not have even heard of SISU would we? It was only the unsustainable business model that introduced our evil hedge fund in the first place.
Fan hypocrisy is also significant. When fans bleat that the council saved us they also demanded the owners (prior SISU) purchased expensive players. They blasted the owners for selling McSheffrey but why? The council needed its pound of flesh didn't it?
Virtually every independent analyst said the model would never work and the club was dead the minute it entered into its pact with the council. They have been proved 100% correct.
Are you sure you are using the correct user name, or are you just writing like Astute normally does?
Yeah don't take my job just because I have been busy at work.
And leave the Grendull facts alone. He must be right because he earns nearly a million pounds a year because he is worth it.
My personal view is the council bailed the football club out of the shit several times, yet people now want to blame the council?
I agree with a lot of the points you've made there, just wanted to pull up this one specifically because it comes up a lot.
Sisu also bailed the club out when it nearly went to the wall in '07. The fact they saved the club at that time doesn't mean they should be absolved of criticism for mistakes made since. Equally, while the council did step in to sort out the stadium, that doesn't mean we can't apportion blame for what has happened since, in part due to the luidicrous rent deal imposed on the club.
As I say, I agree with a lot of your points, just think the argument that we can't apportion blame to a party that once helped the club out doesn't really stack up.
I agree the council are still to blame in a lot of this. Both sides are far from angelic. I have thought on several occasions that ACL/CCC have acted strangely if as they say their best interests are to get CCFC back to Coventry. I just think people don't realise that on this long journey they have done a lot to get CCFC out of the shit (mostly pre-sisu) but they have become less and less helpful with SISU in control.
The council partly bailed the club out though they've had more benefit from the Ricoh than the club will ever get.
I thought it was Joe Hart that did the shampoo adverts??
i wish shitsu would wash & go, well they can skip the wash and just fuck off.
Apologies I was only joking...I just had time on my hands and saw the devilment in my post
Beautifully put sir... well made me smile anyway- the simplicity of it has cheered me up on a very gloomy work day!!!
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