They would after 3 years....
Really, the deal they were doing when buying into the Higgs share? the one before they left for Sixfields and when they could of actually bought into the thing and thus negating the need for you and others from ever mentioning Wasps.........
This seems to be a recurring problem on here. Lets just keep repeating all that is bad about SISU and their past actions and not believe anything they say going forward. I agree it's hard to believe anything they say but conventional wisdom suggest they are doing some things right now and intend to get things better. There's no purpose in them doing otherwise is there?
My question is not what you would do better about what's already gone but what would you do now if you were them? tell me what your plan A or b is?
We need to force open dialogue with them not protest constantly against them.
The one where Wasps paid about the same but got it for 250 years?
I agree, the club should have bought in as soon as they were taken over by SISU. But still, it doesn't make everything else right does it just because 1 party screws up?
1 party screws up? They all have Nick if you hadn't noticed
Protests fucking stick um City Fans don't have the stomach for it.
It is easier just finding someone else to blame.
I'm sure someone else will be along soon to vent our anger on.
I have a banner made up but can't be bothered to take it. It has been festering in my boot for months.
Well it depends on the type of protest, aim of the protest doesn't it?
Like I said earlier, if somebody said "x wants to buy the club, to get sisu out we need to do x and y so that man x can buy the club and this is what he is going to do" Oh and give more notice so people can get time off
That isn't a banner, sounds like a body...
Probably right the body of CCFC.
As for type of protest that's another one we kept hearing why that and why this, wouldn't really matter City Fans just don't have it in them or maybe they are happy with the situation.
As for timing it is not always advisable to plaster it all over social media as big brother is definitely watching.
This seems to be a recurring problem on here. Lets just keep repeating all that is bad about SISU and their past actions and not believe anything they say going forward. I agree it's hard to believe anything they say but conventional wisdom suggest they are doing some things right now and intend to get things better. There's no purpose in them doing otherwise is there?
My question is not what you would do better about what's already gone but what would you do now if you were them? tell me what your plan A or b is?
We need to force open dialogue with them not protest constantly against them.
Then take him to a Wasps home game where fans treat each other and their own kids with respect, I take my grandsons to footie and the Rugby, was at Walsall yesterday had some foul mouth saddo behind screaming obscenities at the top of his voice until I asked politely to stop as there were kids were nearby, then had to warned him to be quiet or else....he became quiet.If there is a red card on the seat I'll hold it up when everybody else does as it is hardly going to break my back is it. No pitch invasions or anything, I will have a 5 year old with me and unlike the absolute prick behind us the other week who was teaching his kid how to say the C word, I'm not really into anything too drastic.
The one where Wasps paid about the same but got it for 250 years?
I agree, the club should have bought in as soon as they were taken over by SISU. But still, it doesn't make everything else right does it just because 1 party screws up?
Then take him to a Wasps home game where fans treat each other and their own kids with respect, I take my grandsons to footie and the Rugby, was at Walsall yesterday had some foul mouth saddo behind screaming obscenities at the top of his voice until I asked politely to stop as there were kids were nearby, then had to warned him to be quiet or else....he became quiet.
Fucking hell Nick, you said you didn't teach your kid the dreaded 4 letter c--- word, I wonder if she knows the dreaded 5 letter w---- word though. Why do people keep banging on about 250 years etc, it's like a spoilt child. How do you know Sisu just didn't ask for that far when they were negotiating? Would it of mattered if Sisu had got one for 125 years if they bought it?
Did I say it makes everything right just because Sisu are (insert dreaded 4 letter 'c' word), I have always said that fault lies on all parties just most of it at Sisu's door. However, Sisu are 100% at fault for not buying into the Ricoh in the 7 years they had the chance to.
I dont disagree about football fans. The same as the chavs pilled off their faces at the Gillingham game, now I've never tried pills but I wouldn't do them to go and watch the city play, although I bet it made that game look better!
L
I am really not interested in going to watch Wasps and if I was going to go I'd go to Cov and get on the beer so would be child free!
Fucking hell Nick, you said you didn't teach your kid the dreaded 4 letter c--- word, I wonder if she knows the dreaded 5 letter w---- word though. Why do people keep banging on about 250 years etc, it's like a spoilt child. How do you know Sisu just didn't ask for that far when they were negotiating? Would it of mattered if Sisu had got one for 125 years if they bought it?
Did I say it makes everything right just because Sisu are (insert dreaded 4 letter 'c' word), I have always said that fault lies on all parties just most of it at Sisu's door. However, Sisu are 100% at fault for not buying into the Ricoh in the 7 years they had the chance to.
What would you have SISU do exactly given the position they are in?
It is quite hard work reading it as they just keep posting the same stuff over and over....
Ha. they have been doing that for 3 weeks. Anyone got any news on the Wasps PR machine, why its CCC's / SISU's / Richardsons fault we are in this mess or the new stadium
Or is Elliot and Hoff involved that's my favorite.
This seems to be a recurring problem on here. Lets just keep repeating all that is bad about SISU and their past actions and not believe anything they say going forward. I agree it's hard to believe anything they say but conventional wisdom suggest they are doing some things right now and intend to get things better. There's no purpose in them doing otherwise is there?
My question is not what you would do better about what's already gone but what would you do now if you were them? tell me what your plan A or b is?
We need to force open dialogue with them not protest constantly against them.
I go to Cov games too, by the way the "c" word is allowed on here, and read by youngsters !I dont disagree about football fans. The same as the chavs pilled off their faces at the Gillingham game, now I've never tried pills but I wouldn't do them to go and watch the city play, although I bet it made that game look better!
I am really not interested in going to watch Wasps and if I was going to go I'd go to Cov and get on the beer so would be child free!
You moan about the recurring shit Sisu get but not CCC/ACL or Wasps, Why? People can keep repeating shit about £1.2 million rent or 250 year lease or "hell will freeze over" quotes and I could go on. You never moan about them.
I love it that you use the term 'conventional wisdom' and Sisu in the same sentence when they have showed absolutely none in 7 years. At least you seem to be a glass half full man, problem is where Sisu are concerned, they have picked up your glass and necked it in one.
This is why I cannot see an exit plan for them because they cannot now buy into the Ricoh. They already have debt and building a new stadium is only going to increase that. If they did build a new stadium outside of Coventry, whether some on here like it or not it is only going to decrease the fanbase further and if they did try and sell us with a stadium, how much would they get? I mean, a certain stadium nearby buy built for around £120 million went for peanuts (according to some) so what sort of return of the investment of building say a £30 million pound stadium would they get. Lets not forget, in reality we are a failing club with diminishing fanbase, poor squad, shabby set up, shit manager (in my opinion) and no other assets as half the team are loans are the rest were frees in the first place so cannot really be worth anything now.
As Sisu have had a break even season (so some say), wait until the end of the season and put the club into admin citing no more money etc and therefore writing off their debts. Then see if someone comes in for us (as I'm sure they will) and for me the best one would be Wasps as they own the stadium therefore giving us access to revenues etc for FFP. Or try and sell a couple of players in January and recoup some money, then try and sell to Wasps and again write off the debt therefore making us a more attractive proposition.
We are constantly told that Hedge funds are high risk so would writing off the debt be that much of a shock to a risk taker, surely this would be better than potentially wasting more time and money. These people could then attach itself to another poor sucker but that's not our problem, CCFC is and with Sisu staying here for the foreseeable would just put yet more nails in our coffin.
The above of what I said may not be possible but at least I've had a go.
The one where Wasps paid about the same but got it for 250 years?
I agree, the club should have bought in as soon as they were taken over by SISU. But still, it doesn't make everything else right does it just because 1 party screws up?
When ACL was first set up it should have had a 250yr lease. That way ACL's mortgage could have been on better (longer) terms and the club could have been offered a much lower rent.
Then there never would have been a rent issue. Plus it would have been a better investment case for sisu to take over.
They were never ever offered to buy ACL 100% - all they were ever free to buy was Higgs shares because of the sell-back clause. CCC's shares have never been for sale to the club.
The £120m was the cost to build the complex - Wasps haven't bought the complex for peanuts, they have bought ACL, so your argument is flawed.
Anyway - building a stadium and selling club and stadium as a package is their only option (and the best option for the club and its fan base). You ask who would buy when it's loaded with debt. Well, just about any large investor if the stadium/club was running at a profit that would see the investment paid back over a certain period. It's not the debt level that is important if that debt is balanced out with assets (the stadium) - it's the profitability that's key.
Ms Seppala has already long ago said that the initial investors had written off their investment. If that's true then they keep the debt in SB&L for a reason - probably to have a way of offsetting tax.
The club now lives inside the company Otium with ARVO as major shareholder and loan provider. The debt here is about £13m. That is manageable and wouldn't scare off any potential buyer if the club is close to breakeven. Problem is that the debt level probably is not fully balanced with tangible assets, so some write off would be required. I don't believe sisu/arvo are willing to do that and so it's unlikely the club is sellable at the moment.
In short, they need a stadium to generate some profit and as a sellable asset with the club.
(The club need as much revenue from the stadium as possible as FFP dictates how much the manager can spend on the team. We, the fans, need a stadium of our own with no alien logos on the walls and we also need the stadium as its the quickest exit strategy for sisu.)
And you accuse me of making things up.Because they usually are??
(The club need as much revenue from the stadium as possible as FFP dictates how much the manager can spend on the team. We said:Don't you need to take off the cost of providing these incomes for the purposes of FFP ?
That means that the costs(loans) to provide the facilities to provide food need to be taken off first.
Unsure but if you are taking income on a stadium like naming rights don't you need to take off the cost (loan/mortgage) before the FFP figure?
Don't really know but the point is we can't just accept a new stadium is the best without comparing the costs against staying at the Ricoh.
I think Sisu/CCFC management have been told to continue the stadium bullshit talk so SISU legal team can carry on with their job.
Why don't we put our signs and flags up at the stadium as well, its big enough?
We need to work with Wasps first and move on if we don't get what we want.
This seems to be a recurring problem on here. Lets just keep repeating all that is bad about SISU and their past actions and not believe anything they say going forward. I agree it's hard to believe anything they say but conventional wisdom suggest they are doing some things right now and intend to get things better. There's no purpose in them doing otherwise is there?
My question is not what you would do better about what's already gone but what would you do now if you were them? tell me what your plan A or b is?
We need to force open dialogue with them not protest constantly against them.
When ACL was first set up it should have had a 250yr lease. That way ACL's mortgage could have been on better (longer) terms and the club could have been offered a much lower rent.
Then there never would have been a rent issue. Plus it would have been a better investment case for sisu to take over.
They were never ever offered to buy ACL 100% - all they were ever free to buy was Higgs shares because of the sell-back clause. CCC's shares have never been for sale to the club.
The £120m was the cost to build the complex - Wasps haven't bought the complex for peanuts, they have bought ACL, so your argument is flawed.
Anyway - building a stadium and selling club and stadium as a package is their only option (and the best option for the club and its fan base). You ask who would buy when it's loaded with debt. Well, just about any large investor if the stadium/club was running at a profit that would see the investment paid back over a certain period. It's not the debt level that is important if that debt is balanced out with assets (the stadium) - it's the profitability that's key.
Ms Seppala has already long ago said that the initial investors had written off their investment. If that's true then they keep the debt in SB&L for a reason - probably to have a way of offsetting tax.
The club now lives inside the company Otium with ARVO as major shareholder and loan provider. The debt here is about £13m. That is manageable and wouldn't scare off any potential buyer if the club is close to breakeven. Problem is that the debt level probably is not fully balanced with tangible assets, so some write off would be required. I don't believe sisu/arvo are willing to do that and so it's unlikely the club is sellable at the moment.
In short, they need a stadium to generate some profit and as a sellable asset with the club.
(The club need as much revenue from the stadium as possible as FFP dictates how much the manager can spend on the team. We, the fans, need a stadium of our own with no alien logos on the walls and we also need the stadium as its the quickest exit strategy for sisu.)
Can't be arsed with putting each para in so will try and go through as you have answered.
Hindsight is a wonderful thing but a 250 year wasn't arranged but it couldn't have been that bad an investment for Sisu to want to take it on.
Do you know 100% that CCC wouldn't have sold to us if Sisu had done the honourable thing and actually bought Higgs but rather than backing out and trying to sue the arse off people (including threatening it's own fans). You see you can only be 100% sure if you work for CCC or Sisu in which case wouldn't you be a plant. Otherwise it is only opinion (despite you trying to flower it up as fact) and as recent events have shown, CCC would've been willing to sell to a party who were straight up, to the point and willing to do proper business.
How come my argument is flawed when I put in brackets that it is other people who have said that it went for peanuts. I myself have no idea of the details of Wasps deal or the true value of the whole thing so maybe you should take issue with the people who say it went for peanuts, problem is Godiva, they are usually the people who you agree with and you share you little likes with.
You know for sure that Sisu's only option is to build and new stadium and sell as a package, how come? What if that new stadium is 10 miles outside the cities boundary and the current 8k home attendance is cut by half and that is generous seeing as the attendances at Sixfields were around 1600. With the debt around £13 million (according to you) and then a further £30 million with stadium costs, exactly how long would it take for a potential investor to see a return with such a low attendance and FFP causing even less funding for the team than we get now (and look how good we are at present), not even a bunch of thick fuckers like Sisu would take that on. No stadium gets used 365 days a year so forget that red herring and a pisspot stadium out in the middle of nowhere has got no chance compared to the Ricoh.
What if Ms Seppala wasn't telling the truth about investors (I mean, Sisu employees and truth is sketchy, isn't it?) so if it isn't true what happens to the debt then? We also know that despite Ms Seppala (as you seem to like calling her that) saying that she would never come back to the Ricoh under a rental deal, she obviously is prepared to do a complete u turn when it's best for her. With that in mind and even you admitting that they may need to write off some debts, why not just sell a couple of players in January for a quick return of some cash and then write off £13 million in debt and sell for as much as they can get, at least then they haven't built up way more debt with the stupid new stadium idea and they are free. This whole new stadium plan is great if you are willing to see it through and know your business. Sisu are not willing to see the plan through because we are no further on than 7 years ago and in fact further back and they certainly do not know the business we all know as football as proved by each and every stupid mistake they make (and keep making).
I think that you are incredibly naive to think that there is any prospect of "open dialogue" with SISU, ever. These leopards do not change their spots. I will never forgive them for what they have done to my club under their tenure and I find it frankly insulting that any fan thinks that we should just forget that abuse.
Constantly protesting? There's been nothing since we returned to The Ricoh. Is everything all hunky dory now? Are they running the club any better? Are they ****. The "fan's representatives" being hand-picked SISU sympathisers was possibly the greatest slap in the face yet. We should have been protesting more than we have, not less.
In short, they need a stadium to generate some profit and as a sellable asset with the club.
And you accuse me of making things up.
So where is the link or proof to these accusations?
Love the way you and your mates keep bringing them up just like you bring up CCC,ACL and wasps when anyone gets annoyed at Sisu.
I just hope our owners reward you all for your loyalty, by fucking off real soon.
So you are telling me they haven't been on the hill giving it the whispers? They didn't make an offer for a quid? Mr coventry wasn't going to be chairman if haskell came in and part fan ownership, that rental offer from Michael had nothing to do with Hoffman?
Not to mention the sickening way elliott was worshiped at that charity game.
Yeah ok then..
Reward my loyalty, it's you going to meet them every ten minutes..
Maybe you should step back and see how obvious it looks everytime somebody says local businessman who it is and what's happening rather than just defending anybody who says sisu are bad until the death, just remember that while mr coventry might be a hero or legend because he sings sisu out and that's the done thing, he was the one driving round taking shares off people. Oh and wanting to close the academy...
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