SISU ready to sell? (3 Viewers)

[Bidda]

Article in The Times today that SISU may be willing to sell the club to allow a third party buyer to make a bid for CBS Arena because Wasps are about to default on their bond payment, as explained below…

The Times understands that Sisu, a Mayfair-based hedge fund, is considering a sale of Coventry City, believing that Wasps’ distress may present an opportunity for a third party to make an offer for the club and, at the same time, bid to acquire the lease for the arena. A senior source said Sisu was “open for business”. Sisu itself is unlikely to make an offer for the stadium because of its troubled relationship with Coventry city council, which owns the freehold.

 

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[Skybluedownunder]

Article in The Times today that SISU may be willing to sell the club to allow a third party buyer to make a bid for CBS Arena because Wasps are about to default on their bond payment, as explained below…

The Times understands that Sisu, a Mayfair-based hedge fund, is considering a sale of Coventry City, believing that Wasps’ distress may present an opportunity for a third party to make an offer for the club and, at the same time, bid to acquire the lease for the arena. A senior source said Sisu was “open for business”. Sisu itself is unlikely to make an offer for the stadium because of its troubled relationship with Coventry city council, which owns the freehold.

We can only dream. Hopefully a potential buyer may see last seasons finish and this seasons potential promise, combine that with some good player assets providing SISU don’t try and cash in on them before selling us and there’s some real promise if they can acquire the lease for the arena.


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[long way home]

Maybe Tim point about selling the club at its highest value point is now upon us. Story has came from somewhere and may have legs. I know what the fans want will not come into a decision about a sale, but i do think they have took us as far as they can.

It may have also have a lot to do with Wasps situation, sisu could be trying to jump before they get lumbered with new people demanding something new which could create another problem at the stadium. The more u look the more it makes sense especially if a new owner could deal and take the lease off Wasps.

It maybe wishful thinking but i think something is about to drop and Joy will be out at some point, in fact think it was mentioned couple of weeks ago. Could be connected.

 

[SBAndy]

How much does Richard Overson have? I’d be keen for us to continue our *relative* self-sufficient model rather than have some chancer turn up and splurge money they haven’t got everywhere.

 

[usskyblue]

Hoffman be like

 

[coop]

Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.

 

[Skybluedownunder]

Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.

LOVE THIS!! This could really be a game changer for us if Wasps leave providing SISU go approach the council with a fair deal instead of doing what they always do and say we will offer you fuck all cause you’ve got nobody

Can’t see Wasps leaving after getting all those free grants they got… that was a pisstake


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[Winny the Bish]

What Middle Eastern oil states don't have an English team yet?

Get PSG's owners on the phone and have some real fun...

 

[long way home]

Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.

If Wasps did jump ship and Joy decided its best to sell, i don't think they would be short of interested parties. Its a club on the up with a very good manager who with the right funding could take it higher.

Lets hope something is in this story.

 

[gazza]

Would it be worth offering sisu £60m to buy the club as long as they don’t sell any of our best players?

 

[Otis]

Would it be worth offering sisu £60m to buy the club as long as they don’t sell any of our best players?

I'll think about it, though I have also got my eye on a nice set of rattan furniture for the garden.

 

[Brighton Sky Blue]

Greggs works at the Times now?

 

[CDK]

Wasps could find themselves in the shit if they try to sell as where would a buyer turn up from plus city with a 10 year contract barely dry would be in pole position.

 

[Speedie's Head]

It didn't occur to me previously that sisu don't need to own the ground themselves for it to be a big asset. The ground is worth a good deal less without a team to play there and suddenly it's the club, as sitting tenants, that becomes valuable in the equation if Wasps are essentially bust...

 

[Deleted member 5849]

I take it the Warwick Uni ground is forging ahead impressively then...

 

[pusbccfc]

How much does Richard Overson have? I’d be keen for us to continue our *relative* self-sufficient model rather than have some chancer turn up and splurge money they haven’t got everywhere.

Not enough.

 

[pusbccfc]

Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.

Perfect move for them. Birmingham is a better catchment area than Coventry after they ruined the ties with the locals.

 

[pusbccfc]

Anyone have a Times subscription as it's behind a pay wall?

I'm going to guess not many on here...

Hedge fund puts Coventry City football club in play

The hedge fund owner of Coventry City FC is open to offers from a buyer with the clout to capitalise on financial difficulties at Wasps, the rugby team that o

www.thetimes.co.uk

 

[SeaSeeEffCee]

Please

 

[rexo87]

Believer mentioned a couple of weeks back about Seppala making some sort of statement soon. Wonder if it's in relation to this

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[AFCCOVENTRY]

Very interesting. A story like this doesn’t just rock up in The Times newspaper. Someone within or linked to Sisu would have leaked this maybe to attract interest.

 

[Terry_dactyl]

This would be quite something.
Maybe there’s already interest…

 

[pusbccfc]

This would be quite something.
Maybe there’s already interest…

There will be loads of interest, surely?

 

[AFCCOVENTRY]

 

[MusicDating]

Anyone have a Times subscription as it's behind a pay wall?

I'm going to guess not many on here...

Hedge fund puts Coventry City football club in play

The hedge fund owner of Coventry City FC is open to offers from a buyer with the clout to capitalise on financial difficulties at Wasps, the rugby team that o

www.thetimes.co.uk

archive.ph

 

[Colin Steins Smile]

Mike Ashley was looking to buy a club …. Just saying. That would be an interesting negotiation. Sepella v Ashley . Not one for the fainted hearted

 

[skyblueinswansea]

Seppella is 60? She’s good for her age

 

[Winny the Bish]

Most important parts:


The Times understands that Sisu, a Mayfair-based hedge fund, is considering a sale of Coventry City, believing that Wasps’ distress may present an opportunity for a third party to make an offer for the club and, at the same time, bid to acquire the lease for the arena. A senior source said Sisu was “open for business”. Sisu itself is unlikely to make an offer for the stadium because of its troubled relationship with Coventry city council, which owns the freehold.


Sisu is thought to be open to the football club changing hands or a part-sale of equity if a third party also manages to acquire the lease for the stadium, which was built by the council in 2005. The source, speaking on condition of anonymity, said the natural next step for Coventry City was promotion to the Premier League, but that would require “serious investment”, possibly from a third party. “This is a real opportunity for growing the club into its potential,” the source said.

 

[Terry_dactyl]

There will be loads of interest, surely?

You’d think…given that rich people seem to love buying football clubs.

 

[long way home]

Plenty would be interested in the club if it was open to offers. Problem would be its not straight forward deal, many factors and not the easiest people to deal with. Somebody leaked this out and is for a reason.

 

[Deleted member 5849]

You’d think…given that rich people seem to love buying football clubs.

On a maybe?

 

[Winny the Bish]

I'm just glad this has come out after that chancer Southall was involved in the Birmingham deal. No way he can get his grubby, desperate hands near the club.

 

[Colin Steins Smile]

Our clubs current finances (based on the last set of accounts) look significantly better than almost every club in the Championship…. Although that’s a pretty low bar ! We lost circa £3.4m
For a potential new owner of a championship club that would not deter them….. what might is Sisu price to sell & the added stadium.
Derby’s pride park went for about £22-24m.
If Wasps want £35m …. That’s unrealistic in comparison.
Time will tell if this story has any substance

 

[Deleted member 5849]

I don't want to worry anybody but... lots of maybes around the ground (our new one at Warwick Uni hasn't increased interest), unable so far to sell player(s), a good source suggests we might be close to desperate, main asset injured.

It could be we've reached the point where SISU *need* investment, or it's fire sale time.

 

[CCFCSteve]

This would make sense all round if pieces can fall into place

Ps more like SISU can’t afford it rather than CCC relationship holding them back