Personally I don't go sixfields but where in the evidence that the club would return if
there is a total boycott, SISU have already shown they don't care about losing 8 thousand fans so why would losing 2 thousand more. They have their eyes fixed on ownership of the Ricoh and won't budge
Up until now, offers have not been what they've claimed to be, when filtered through a PR company for public release.
That's why some of us are treading warily, and thinking about possible catches and get-outs, before jumping...
It doesn't mean we want there to be any possible catches either, indeed it probabl;y tallies with Ann Lucas's far more savvy approach to dealing with this whole mess if there aren't... but that doesn't stop it being wise to tread carefully, based on past filters.
In that respect, it's no different to automatically swallowing a SISU 'it's all about the freehold' line. proceed with caution, avoid getting burned, and other such cliches.
The only way to force them back to the ricoh( the offer is there) is a total boycott, all you fans going to sixfields have it in your power to make them return, do something about it.
You know- sometimes; when a pile of poo looks like poo, smells like poo.. it probably is poo... its OK to trust your instincts once in a while- else one might be guilty of trying to polish a turd?
My instincts are to find out all facts before jumping.
It serves me well.
Stops me assuming we're debt free, the fans should hand over their shares, and hedge funds are cuddly entities in it for the cheap thrill of a last minute equaliser v Watford.
If the JR goes against CCC ACL will be finished how much more of Coventry's tax payers money is gonna go on bailing out that stadium
Maybe.. but he who hesitates.......sometimes?
. Maybe they'll piss off Pressley soon as he is buggering up their plans with his success in rallying a small squad, especially if they could do with another drop to encourage ACL/CCC etc to sell in the summer. Yes a little tongue in cheek but not far off the mark !!??
...gets to the truth first.
And here is a link to the story on the Coventry (Evening) Telegraph http://www.coventrytelegraph.net/sport/football/football-news/sisu-boss-joy-seppala-rejects-6363684
How can Ann Lucas make such an offer? You, OSB etc. are always at pains to point out that ACL are a separate company
But the reason ACL had council money was because they were close to defaulting on the commercial loan they had , they would end up with huge rates of interest on any new commercial loan given their previous struggles.Why would ACL be finished? They'd just borrow the money from a commercial lender pay the council back, Sisu score a point against the council and we stay in Northampton.
But the reason ACL had council money was because they were close to defaulting on the commercial loan they had , they would end up with huge rates of interest on any new commercial loan given their previous struggles.
But the reason ACL had council money was because they were close to defaulting on the commercial loan they had , they would end up with huge rates of interest on any new commercial loan given their previous struggles.
They only were worrying the Yorkshire Bank because we weren't paying the rent. Supposedly (and we only have the word of ACL) they're doing much better and if they've got their act together and can present a decent business plan it's not beyond the realms of possibility. Doesn't get us back to Coventry but then neither are SISU on current evidence.
If we were only 9% of the turnover that is baloney especially as half the rent was in a holding account. Have the bank ever made that claim?
AS I've said in a couple of other threads .Why Is everybody Fixating on ACL and whether It could fund repayments on " This Loan ". " A new Loan",when at the Get go they were renting the Stadium @ £900K. per an.They could simply revert to the Status Quo.
Never forget, this is a hostage situation- Coventry won't get its club back til the ransom is paid.
Good point, someone made the claim and actually I don't know if the bank ever did. I'll have to check who first mentioned the bank being concerned and get back to you.
Receives a mention on this page http://www.coventrytelegraph.net/news/coventry-news/judge-throws-out-sky-blues-5667471 about the Judicial ReviewGood point, someone made the claim and actually I don't know if the bank ever did. I'll have to check who first mentioned the bank being concerned and get back to you.
Oh and if you read the article Lucas didn't (and couldn't) make the offer ACL did.How can Ann Lucas make such an offer? You, OSB etc. are always at pains to point out that ACL are a separate company
Could this be it OSB? I've just copied this from another thread I just posted it onto...unless sisu have some game changing trick up their sleeves, i dont think the JR is it, ......................and if it were so game changing why havent they used it?
Could this be it OSB? I've just copied this from another thread I just posted it onto...
Apologies if this has been discussed and dismissed elsewhere already, but I'll float my theory anyway of just what SISU's strategy is...
Their case for JR has 4 strands to it - most of the attention has been on the loan itself and how ACL would re-finance the loan if it is found to be improper, but the related arguments that SISU made were that this was a strategy to drive them out of Coventry...and it succeeded. So, if they win the JR, they will move on to the issue of compensation for the damages incurred as a result of being driven out of Coventry by the improper actions of CCC:
1. Loss of income - many threads have said 'do the maths, SISU, you are losing millions by playing at Northampton'. They are doing it, and the longer they are out of Coventry, the bigger the total. A shortfall of 10,000 fans a match is around 3-4 million a season, plus programme and shop sales, food and drink, car parking etc. So they may be racking up 5 million a season here, plus interest of course.
2. Curtailed performance - through the above loss of income, on-pitch performance is curtailed by the necessity of staying within FFP limits. It sounds tenuous but - say we miss out on promotion by a few points - a good lawyer could convincingly argue that, without the limitations imposed by CCC's actions - the squad would have been strengthened, improved results achieved and promotion obtained, and all the resultant additional revenues that would have followed from that. Plus more income from more TV appearances, more ticket sales etc.
3. Reputational damage - our once-proud and greatly-respected club has taken so many hits to its standing and reputation that they might even try this one, even though they have arguably been responsible for most of them! A brand has a value and ours has been diminished by being forced out of our home city.
If SISU win this JR, and after loads more legal argument - not least about what is permissible to claim within the law - expect a big claim for damages against CCC, then a load more legal argument, more negotiation and eventually an agreement - "give us the Ricoh to settle our claims and we will let you off any further action".
Please tell me I am hallucinating, as I would really hate to see it turning out like this.
Did CCC force our club out of Coventry?
Of course your honour!
They illegally propped up a company to prevent us from buying it on terms the club could afford, knowing that there was no alternative!
This is becoming so dull i can feel Rigamortis coming on.
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