Kingokings204
Well-Known Member
TBF Robo I think we are all correct, no one is innocent in all this. Selling HF road was a mistake and selling revenue was but moving to Northampton is unforgivable to me.
I disagree, if McGinnity had not sold the revenue right's it may of helped, with respect to Richardson and the Ricoh you can say that the man should have either built a Stadium within the Clubs revenue and his own finances or just stayed at Highfield Road.
Sisu were the ones that took us to Northampton and the act of them taking us there is their fault 100%, however the issue of rent and ownership which has caused that bubbled at the surface before they arrived.
TBF Robo I think we are all correct, no one is innocent in all this. Selling HF road was a mistake and selling revenue was but moving to Northampton is unforgivable to me.
No, read the post to which I was responding. It says the actions of pre-Sisu owners have lead us to where we are now.
Utter bullshit.
Are you suggesting that if someone with even a smidgeon of competence/good intent had of assumed the reigns instead of Sisu, we would still find ourselves at Sixfields?
....yeah, I remember at the time HR was sold, loads of us were saying "In 10 years time, we'll be in Northampton cos of this!".
KOK I couldn't agree more the move to Northampton was of Sisu's own fault.
However both sides of the argument have valid points and as you said no one is innocent.
Hindsight is a marvellous thing, but I cant help but think WHAT IF we had gone in to administration back then instead?
People read what they want to read at the end of the day. Nobody has said "this is all the previous owners fault!"
It's just the consideration that they must have some accountability for this mess. YES - the reality is Sisu have made things worse rather fixed anything. Would it have been the same under previous owners?
Hindsight is a marvellous thing, but I cant help but think WHAT IF we had gone in to administration back then instead?
What happened under Richardson lead to the club not owning its own ground. Surely even you can see that has lead to where we are now?
Again....the post I originally responded to stated that the actions of the BR regime have led us to where, that's where (Sixfields Stadium, Northampton, Northamptonshire, NN5 5QA) find ourselves today.Read my post, this isn't about Sixfields but feel free to blather on about it. (I have never denied that no other idiots apart from SISU would have taken us there)
If it hadnt been for Richardson we would own our own ground so wouldnt be at Sixfields as we wouldnt be owned by a hedge fund.
Get it?????? so the only utter bullshit is yours
Again....the post I originally responded to stated that the actions of the BR regime have led us to where, that's where (Sixfields Stadium, Northampton, Northamptonshire, NN5 5QA) find ourselves today.
So I ask you again, do you think if we had owners other than Sisu, this is where we would currently be?
Take your time.
Thank you.I see all arguments and all are valid, I have to agree though no-one else would be taking us to NTFC.
Again....the post I originally responded to stated that the actions of the BR regime have led us to where, that's where (Sixfields Stadium, Northampton, Northamptonshire, NN5 5QA) find ourselves today.
So I ask you again, do you think if we had owners other than Sisu, this is where we would currently be?
Take your time.
Spot on. The notion that the lending from Higgs and Robinson was any different from lending from ARVO is a funny one.
No as I had previously stated.
I was responding to mark82's post! Then you piped up completely missing the point I was making.
Enough anyways, I have to work.
I believe I posted 'no other idiots would have taken us to Sixfields' Obviously you seem to have missed that!
.......but then without Richardsons car crash running of the finances we would be the owners of a nice new stadium, or how about our traditional home.
All are culpable along this utter clusterf*ck of stewardship of our club
Rondog, I know you were responding to Marks post, obviously you missed that point as well.
I agree with what Mark had said, and so supported his stance. I certainly didnt miss your point, it has been discussed all season so you weren't posting anything new. I apologise though I didn't realise this was a private forum where you can only respond to one person at a time.
I totally agree with him that this mess started a long time before SISU came on the scene, but you seem just to want to point out the quite obvious and continually pointed out fact that we are at Sixfields solely down to SISU. Everyone agrees on this fact but feel free to point it out just in case anyone has missed that, its just some of us look further back to see when the ball started rolling on this utter mess.
For all intents and purposes, what's good for SISU is what's good for CCFC. We need to be financially viable, end of. If we do well they can sell us for a profit, if not they can't.
Given your longstanding claim to have warned about the dangers of SISU owning CCFC, I'm guessing this first line is sarcastic, right? We should all know by now that what's good for SISU is good for... SISU.
Yes, CCFC needs to be financially viable, but please explain to me how it is more financially viable playing in front of 2,000 people in Northampton than 11,000 people in Coventry.
Hedge funds hedge. Even "if we do well", you seem to be banking on SISU finding they can generate their highest return by selling CCFC. If they think they can make more money another way, would you bet against them taking an alternative path, one which, potentially, might not necessarily be in the best interests of CCFC and its fans?
That's all well and good, but it's Sisu that moved us to Northampton and nobody else, mate!!!
What cracks me up about his line of thought is that it assumes that the reason we've not been doing well is just that Sisu haven't been trying. Now they want a profit, of course we'll be successful. I assume by extension all those unsuccessful clubs just haven't been profit hungry enough.
Given your longstanding claim to have warned about the dangers of SISU owning CCFC, I'm guessing this first line is sarcastic, right? We should all know by now that what's good for SISU is good for... SISU.
Yes, CCFC needs to be financially viable, but please explain to me how it is more financially viable playing in front of 2,000 people in Northampton than 11,000 people in Coventry.
Hedge funds hedge. Even "if we do well", you seem to be banking on SISU finding they can generate their highest return by selling CCFC. If they think they can make more money another way, would you bet against them taking an alternative path, one which, potentially, might not necessarily be in the best interests of CCFC and its fans?
I'm going to have to check but a mate loaned me his copy of the holdings printed accounts from one year. There was a note or two in there about the directors loans. Some were getting interest and some weren't, I'll have to see if I made a copy or if he can send one.
So, in a nutshell, pretty fucking different from the ARVO loans.
No doubt we won't see the apologists on this thread again. They don't like documentary evidence.
Well we had more income by far when Richardson left, not to mention less debt and less of it carrying interest. Most of our debt was to CCFC supporting directors (Higgs & Robinson). We were about to move into a ground where we'd not only get all the football revenue but also half of the revenue from the rest of the complex.
Even if you include the debt from Robinson & Higgs, it was still smaller than the current debt to Sisu. That debt bought us "the Entertainers". Sisu's bought us Chris Coleman.
Have a look at these graphs: http://worksmart.org.uk/company/company.php?id=00094305#Historical_accounts
Turnover went down, profit dropped off a cliff, yet director renumeration spiked when McGinnity came in. Also note how the only people to increase the wage bill since relegation were Sisu in 2007.
I know the traditional story regarding Richardson. But yes, I maintain he left us in a better position than we are currently in. Not a good position, but a better one than we are in now. McGinnity also managed to control the entire story regarding the debt that doesn't match up with the figures, and seems to get let off and in some cases even praised!
Again....the post I originally responded to stated that the actions of the BR regime have led us to where, that's where (Sixfields Stadium, Northampton, Northamptonshire, NN5 5QA) find ourselves today.
So I ask you again, do you think if we had owners other than Sisu, this is where we would currently be?
Take your time.
So, in a nutshell, pretty fucking different from the ARVO loans.
No doubt we won't see the apologists on this thread again. They don't like documentary evidence.
Right, back from work. Can devote a bit of time to clarifying my sentiments. They are, regardless of what financial condition the Richardson era left the club, we find ourselves at Northampton due to Sisu, and Sisu alone. If anyone else had come in for the club in 2007, I simply can't imagine that they would have taken the same course of action that Sisu have.Where we are. The "position" we find ourselves in both geographically and financially. Yes, all stems from Richardson. He was the catalyst.
COVENTRY North-east MP Bob Ainsworth yesterday welcomed the prospect of a public court battle between ousted Sky Blues chairman Bryan Richardson and Coventry City Football Club.
He said fans would be fascinated to find out exactly how the club has ended up with debts which reached nearly pounds 60 million, without a ground it owned and being relegated to the First Division.
Mr Richardson is suing the club for pounds 350,000 after he was summarily dismissed in a boardroom coup in January - the equivalent of a year's salary, bonus and perks. The club is planning to counter-sue.
Mr Ainsworth said: "I don't think people have a huge amount of sympathy for Mr Richardson, but I think they'll be fascinated to know the inside story of what's happened at their club.
"If he'd care to tell us, either in court or elsewhere, I'm sure he'll have the ears of Coventry. I don't think any more damage can be done to the football club than that which has already been done."
Mr Ainsworth said a court case would probably be the only way the fans would find out what has happened at the club.
He said: "Only a few years ago the club owned its own ground and the land on which it was to build a stadium and Bryan Richardson was saying there were exciting prospects for the Foleshill gasworks site.
"Over a relatively short period they've come to a position where they don't own the ground, they don't own the contaminated land on which they hope somebody is going to be able to build a stadium and they don't own all their footballers.
"All they own is a pile of debt.
"Whether or not they've got there because of heroic attempts to keep them in the Premier League and the necessities of paying wages to top flight players or whether or not there are other reasons for the demise, it would be very nice to understand in detail."
The council now owns the Foleshill site and is hoping to develop an arena with Advantage West Midlands and the club.
Where we are. The "position" we find ourselves in both geographically and financially. Yes, all stems from Richardson. He was the catalyst.
If Richardson was the catalyst does that make Joy the dogalyst?
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