SISU to take over Cheltenham Town? (1 Viewer)

alexccfc99 · Thursday at 9:53 AM

Former Coventry City owner Joy Seppala linked with takeover of League Two club

Could former Coventry City owner and Sisu Capital boss Joy Seppala be plotting a way back into football?

www.coventrytelegraph.net

Interesting one really

Cynic in you would guess the land Cheltenham's ground lies on would be worth a lot of money to any property developers and they might promise them an imaginary stadium as well

Or you could flip the coin and believe maybe they feel towards they made a success of owning a club and want another go, get Cheltenham up and flip them over to a profit

I'm glad they are gone but intrigued to see how they go about owning a club without the politics and soap opera that came with ours

SkyBlueSteve81 · Thursday at 10:32 AM

If this actually happens all the Cheltenham fans should be worried.

SISU's plan for owning us was to put a few quid in the pot, get promoted, use the money to buy the stadium and then flip us for a significant profit. Once we didn't get promoted it all fell apart.

Mucca Mad Boys · Thursday at 10:48 AM

SkyBlueSteve81 said:
If this actually happens all the Cheltenham fans should be worried.

SISU's plan for owning us was to put a few quid in the pot, get promoted, use the money to buy the stadium and then flip us for a significant profit. Once we didn't get promoted it all fell apart.

We were run ‘reasonably’ well in L1 and L2 which allowed them to offload the club. Had they started lower down the pyramid, they may have been decent owners.

They definitely bit off more than they could chew owning a Championship club with Premiership heritage and expectations to return. Totally unfit and our stadium situation made things worse.

Sky Blue Goblin · Thursday at 10:57 AM

I’m sure they won’t be the same owners they were when they were with us. But they should never be allowed to own a football club again for the decisions made at Coventry.

Not saying they were the cause of all our issues with the pests and the council also playing there roles but fecking hell what is the point of the fit and proper test if these twats get to carry on and go again.

SonofErnie · Thursday at 10:59 AM

At least they have a stadium design ready to go

rob9872 · Thursday at 11:02 AM

Strange choice. As bad as they ran us, we always had potential and a fan base. With all due respect to Cheltenham they have neither. Expectations would be of course lower, but the only upside I can see for SISU is another place to bury debts in a web of financial misery. As a club they should be fearful as if they can do what they did to us, then a someone the size of Cheltenham could disappear without a trace and the footballing world would barely notice. There was never enough fight from the outside to let clubs like Bury and Chester go, even with their years of history. Even worse the MK Dons / Wimbledon fiasco. Poor Cheltenham wouldn't stand a chance.

Sky Blue Goblin · Thursday at 11:23 AM

rob9872 said:
Strange choice. As bad as they ran us, we always had potential and a fan base. With all due respect to Cheltenham they have neither. Expectations would be of course lower, but the only upside I can see for SISU is another place to bury debts in a web of financial misery. As a club they should be fearful as if they can do what they did to us, then a someone the size of Cheltenham could disappear without a trace and the footballing world would barely notice. There was never enough fight from the outside to let clubs like Bury and Chester go, even with their years of history. Even worse the MK Dons / Wimbledon fiasco. Poor Cheltenham wouldn't stand a chance.

Depends on if the football governance bill goes anywhere on the last point as hopefully clubs will be much more protected then Bury or Chester were.

Could argue Gloucestershire has a market but if I’m not wrong it’s all Rugby there, same as Somerset.

lord_garrincha · Thursday at 1:06 PM

The challenge will be when they relocate to the racecourse over a rent dispute & their star striker is put out for the season by a loose horse!

COVKIDSNEVERQUIT · Thursday at 1:09 PM

alexccfc99 said:
Former Coventry City owner Joy Seppala linked with takeover of League Two club

Could former Coventry City owner and Sisu Capital boss Joy Seppala be plotting a way back into football?

www.coventrytelegraph.net

Interesting one really

Cynic in you would guess the land Cheltenham's ground lies on would be worth a lot of money to any property developers and they might promise them an imaginary stadium as well

Or you could flip the coin and believe maybe they feel towards they made a success of owning a club and want another go, get Cheltenham up and flip them over to a profit

I'm glad they are gone but intrigued to see how they go about owning a club without the politics and soap opera that came with ours

Who's going to tell the Cheltenham fans.

stevefloyd · Thursday at 2:39 PM

rob9872 said:
Strange choice. As bad as they ran us, we always had potential and a fan base. With all due respect to Cheltenham they have neither. Expectations would be of course lower, but the only upside I can see for SISU is another place to bury debts in a web of financial misery. As a club they should be fearful as if they can do what they did to us, then a someone the size of Cheltenham could disappear without a trace and the footballing world would barely notice. There was never enough fight from the outside to let clubs like Bury and Chester go, even with their years of history. Even worse the MK Dons / Wimbledon fiasco. Poor Cheltenham wouldn't stand a chance.

At least Robins has a job when he gets the bullet from Stoke

Earlsdon_Skyblue1 · Thursday at 2:54 PM

Looking forward to getting them away in the cup.

Some more renditions of 'We Want SISU Out' for old times sake.

Sky Blue Goblin · Thursday at 3:01 PM

Earlsdon_Skyblue1 said:
Looking forward to getting them away in the cup.

Some more renditions of 'We Want SISU Out' for old times sake.

“Fuck the wasps fuck sisu fuck the council and Cheltenham too”

Para1140 · Thursday at 3:19 PM

Going by the comments of this prick I hope Sisu do take them over

Ihearye wrote: ↑We certainly seem to have a few folk on here who must know a lot about this company SiSU, to have such a low opinion of them. I tend to wait to hear what people have to say and then make my own mind up about them. As opposed to listening to a bunch of fans whose club has had years in the doldrums and seem to have blamed everyone but themselves for it

Yep, it's about time Coventry fans took a good look in the mirror and took responsibility for their club nearly being driven into oblivion.

Sky Blue Goblin · Thursday at 3:22 PM

Para1140 said:
Going by the comments of this prick I hope Sisu do take them over

Yep, it's about time Coventry fans took a good look in the mirror and took responsibility for their club nearly being driven into oblivion.

Yeah he’s got a point, I remember when we voted to stop paying rent, and decided to become a Milton Keynes tribute act in Northampton and Birmingham.

What a twat

TewkesburySkyBlue · Thursday at 4:55 PM

COVKIDSNEVERQUIT said:
Who's going to tell the Cheltenham fans.

I already have and by the way Cheltenham don't own their own ground.

LastGarrison · Thursday at 4:56 PM

Surely the profit margins with a club like Cheltenham are even smaller? Which begs the question as to why they would want to get involved in a football club again?

If they were responsible for investing my money and suggested buying into a football club which, with all due respect, has limited potential I would certainly be questioning it!!!

Sky Blue Goblin · Thursday at 5:14 PM

LastGarrison said:
Surely the profit margins with a club like Cheltenham are even smaller? Which begs the question as to why they would want to get involved in a football club again?

If they were responsible for investing my money and suggested buying into a football club which, with all due respect, has limited potential I would certainly be questioning it!!!

As someone posted on another thread, they apparently own a 22 acre training ground. If true that land must be valuable

LastGarrison · Thursday at 5:55 PM

Sky Blue Goblin said:
As someone posted on another thread, they apparently own a 22 acre training ground. If true that land must be valuable

That'll be it then!!

Shannerz · Thursday at 6:17 PM

Para1140 said:
Going by the comments of this prick I hope Sisu do take them over

Yep, it's about time Coventry fans took a good look in the mirror and took responsibility for their club nearly being driven into oblivion.

It's clearly an ironic response to a silly comment about how people don't know enough about Sisu to judge them.

Anyone with even a cursory interest in the Football League know that SISU were a complete disaster that almost drove us into the ground, whilst simultaneously losing all chance of actually owning one.

covcity4life · Thursday at 6:25 PM

Lucky Cheltenham fans. Will find themselves winning promotion after promotion

Terry Gibson's perm · Thursday at 7:00 PM

I bet Mark Venus’s ears have pricked up.

Sky_Blue_Dreamer · Thursday at 7:24 PM

lord_garrincha said:
The challenge will be when they relocate to the racecourse over a rent dispute & their star striker is put out for the season by a loose horse!

And in a dreadful mix-up is shot round the back of the stables and sent to the glue factory

Somerset Sky Blue · Thursday at 7:48 PM

Sky Blue Goblin said:
Depends on if the football governance bill goes anywhere on the last point as hopefully clubs will be much more protected then Bury or Chester were.

Could argue Gloucestershire has a market but if I’m not wrong it’s all Rugby there, same as Somerset.

Not true, some of us like football in Somerset!

COVKIDSNEVERQUIT · Thursday at 8:22 PM

LastGarrison said:
Surely the profit margins with a club like Cheltenham are even smaller? Which begs the question as to why they would want to get involved in a football club again?

If they were responsible for investing my money and suggested buying into a football club which, with all due respect, has limited potential I would certainly be questioning it!!!

Surely after the debacle at Cov, the EFL won't let SISU own another football Club.

Adge · Thursday at 9:14 PM

Earlsdon_Skyblue1 said:
Looking forward to getting them away in the cup.

Some more renditions of 'We Want SISU Out' for old times sake.

Aye-bed sheets at the ready.

Hiraeth · Thursday at 11:17 PM

I know I've definitely been through my worst periods of supporting Coventry when Sisu owned our club and I remember singing the songs and chants from those soul destroying days and frankly completely losing the desire to go to games anymore.

Don't get me wrong, there were still carp days after Dave Boddy joined but I do feel there was a period of time when Sisu still owned us when Boddy was Chief Exec when things did improve and I fell back in love with the club.

I know there were more bad years than good during their period of ownership but I do hope that if Cheltenham Town do end up getting investment from Sisu and Joy, that they experience more of the Boddy-era Sisu days than the Dulieu/Brody/Venus/Igwe etc-era Sisu days.

I wouldn't wish those darkest days on any club, not even Leicester or Villa.

I know attendances are up again but I feel sad thinking that we lost some of our fans over that period who never actually got to see us come back up the leagues and come back from being kicked around over the years by Wasps owners, the Council and co and from some of Sisu's decisions that nearly tore the club apart completely.

Broken Hearted Sky Blue · Friday at 12:43 AM

Sky Blue Goblin said:
Yeah he’s got a point, I remember when we voted to stop paying rent, and decided to become a Milton Keynes tribute act in Northampton and Birmingham.

What a twat

SkyBlueScottie · Friday at 2:01 AM

I actually think Seppalla ultimately did become a "fan" so could see her wanting to get back into it. Sadly (used in context for the shit they put us through) it was all too late and the irrevocable damage had already taken place. I do however foresee issues in them passing the fit and proper ownerss test. Repeated requests to ground share. The Golden share slight of hand they pulled, late filing of accounts, embargoes...

skyblue_55 · Friday at 3:38 AM

It’s a great shame if this takes place .
The EFL being spineless to the type of owners that they allow , just to get fixtures played, with no du diligence sort .
The history of Sisu surely brings up red flags , so unfortunately this very small fan base could see this homely club suffer , under these very strange perspective new owners……let’s hope they are told to sling there hook

alexccfc99 · Friday at 7:24 AM

The fit and proper persons test let Jason Whittingham, the man who was responsible for the downfall of Worcester Warriors Rugby Club take over one of their member clubs in Morecambe, so there is zero chance SISU are vetoed by it

Liquid Gold · Friday at 9:02 AM

Of the fit and proper persons test is for anybody it’s surely owners who have already taken one club to the brink.

Captain Dart · Friday at 9:29 AM

Liquid Gold said:
Of the fit and proper persons test is for anybody it’s surely owners who have already taken one club to the brink.

It is only a test to exclude outright criminality and undue influence. There is nothing to restrict how a club should be run, though there are rules about moving the location of a club which MK were able to circumvent.

Purpose:
The ODT aims to prevent individuals who are not "fit" or "proper" from owning or managing football clubs, ensuring the integrity and reputation of the sport.

Who it Applies To:
The test applies to prospective owners of more than 30% of a club's shares and to directors of football clubs.

Key Elements:
The test assesses an individual's integrity, honesty, financial soundness, and, in the case of directors, competence.

Disqualifying Events:
The test includes a checklist of "disqualifying events" that would rule out a potential owner or director, such as:

Being disqualified by law from being a director under the Companies Disqualification Act 1986.

Having an unspent conviction for a dishonesty-based offence.

Breaches of key football regulations, such as match-fixing.

Being banned by a sporting or professional body.

Implementation:
The EFL and the FA have their own versions of the test, with the EFL's test detailed in Appendix 3 of its regulations and the Premier League's in section F of its handbook.

Verification:
While the test is primarily a self-declaration, the EFL carries out significant work to verify the information provided.

SISU to take over Cheltenham Town? (1 Viewer)

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