Was it me or did Tim sound slightly giddy with excitement whilst delivering the 'sad' news about the outcome of today's events?
An amazing change from the dreary, almost robotic delivery at the fans forums, why would this be?
It's amazing how quickly a business can go from being at the bottom of it's business cycle to the top.
1. Sisu knew they were never going to get the Ricoh
2. They had nothing to sell whilst the club was playing in a stadium they didn't own (the club itself is worthless without the Ricoh, the business model wasn't working out)
3. So, you force a situation that allows you to take (move to another town) the reason for the Ricoh's existence away ( knowing you will always be the approved bidder, get the golden share, whip up a frenzy of passionate, prospective buyers and heart broken fans)
4. You then put ACL in a position that they hate you so much that they would gift the stadium to any serious bidder, now all this buyer needs is the worthless football club, that you own and is now at the top of it's (relative) business cycle (OTIUM are now 'Coventry City FC) and, if you are going to get a very nice stadium at not much money, you could pay SISU a very nice sum for it (reunite the club and it's home and all that!)
Just a thought
more likely naked wrestling with the FL chairman Ollie reed style.he also sounded like he was jogging, perhaps with Byng he sounded knackered too
Could be that is how they have got the FL to play along, that they would be able to sell the club on very soon after getting the GS. And the FL see it as a good way to get out of a very tricky situation.
is this the title of the new harry potter film ?
As much as I hate these bastards you have to admire their despicable cunning and perseverance !
I have thought a few times no one can deny SISU seem to have played a blinder up until now and have been one step ahead of the game the whole way through this mess. I think some people have got a little bogged down with Fisher and even Dulieu in the past in the past - I wouldn't be surprised if SISU use these gophers deliberately to take the attention away from what is really going on behind the scenes.
I would watch out if I was you, the old 'JK' loves a court case at the mo!
Was it me or did Tim sound slightly giddy with excitement whilst delivering the 'sad' news about the outcome of today's events?
An amazing change from the dreary, almost robotic delivery at the fans forums, why would this be?
It's amazing how quickly a business can go from being at the bottom of it's business cycle to the top.
1. Sisu knew they were never going to get the Ricoh
2. They had nothing to sell whilst the club was playing in a stadium they didn't own (the club itself is worthless without the Ricoh, the business model wasn't working out)
3. So, you force a situation that allows you to take (move to another town) the reason for the Ricoh's existence away ( knowing you will always be the approved bidder, get the golden share, whip up a frenzy of passionate, prospective buyers and heart broken fans)
4. You then put ACL in a position that they hate you so much that they would gift the stadium to any serious bidder, now all this buyer needs is the worthless football club, that you own and is now at the top of it's (relative) business cycle (OTIUM are now 'Coventry City FC) and, if you are going to get a very nice stadium at not much money, you could pay SISU a very nice sum for it (reunite the club and it's home and all that!)
Just a thought
At a guess I'd say based on past actions that they'll just issue legal challenges to anyone remotely connected to this mess, (ACL, the Council, Compass, the Higgs, DeVere, Tesco, Ricoh etc.) until they run out of money and give in or go bust.
Erm okay I can sort of see that except why would anyone pay what SISU wanted for a club with no supporters attending home matches? I doubt the assets SISU have amount to much, I listed what I thought they had in terms of CCFC assets earlier in the day:
Ryton,
Players contracts,
Merchandise,
The CCFC trademarks and name,
And probably the Golden Share (with associated revenue e.g. TV money and Radio commentary)
Now let's be generous and say that they want £20m to go away it could be more it could be less but for the sake of argument is all that worth £20m? Probably not, so why would someone pay that when they can wait for us to drop another league and get us even cheaper? Given last weeks meeting has been reported to be about the ownership of the Ricoh, and Mrs Lucas said she had to protect a City asset, I still think Joy and co are after the Ricoh and very probably the freehold and as I posted on another thread:
OK, so do you think that the football club (the company that owns the right to play football, in the football league, under the name Coventry City) was more valuable yesterday, or is it more valuable as a proposition under OTIUM today?
it's only more valuable today if you happen to own an empty football stadium in Coventry that you've paid nothing for. £20m for CCFC and Rioch is a bargain. £20m for CCFC and you've got to pay rent or buy the stadium not such a great deal. And that's assuming SISU would accept £20m, how do we know they haven't already had that sort of offer and said no we want twice that?
Well the fact is the 'franchise' that is Coventry City is certainly a prize asset compared to say Crawley Town. I don't need to state the obvious there. The goodwill of such a large city and it's following is there for all to see.
Then if you had a stadium to go with it the football club is worth 10's of millions. Perhaps say 60m.
You buy a run down pub with little or no goodwill but you know where it is and the potential then you can turn it around and make money again. The scenario here is much the same.
A long lease interest of the Ricoh would have made that possible. ACL and the council in their wisdom refuse such a deal and have not even suggested they would give any deal to any new owner of the football club?
yet here we are a football club deciding that simply paying rent for a pitch 23 afternoons a year is not making sense almost at any price. I agree with that don't you?
Now ACL decide a 10 year lease with conditions and expect to tie the football club down to those terms for 10 years. I wouldn't take it either. It's does nothing to truly aliviate the main problem, just lowers the rent enough so match day sales revenue counts for a bit more and so they plod on with no other advantage? Not good enough.
I understand the animosity between the two sides very well. Both seem as culpable as each other for it.
The real problem I have is the reluctance of the council/ACL to find a deal that gave those additional incentives from the Ricoh, some ownership or ways the income of all that happens at the stadium on the back of the football clubs good will to find it's way to benefit the club.
I never knew the council felt so strongly about wanting to run a commercial business in the city so much and at the expense of the football club and alienate the people of Coventry or at the very least create division. That's what they have done.
I think they have an ulterior motive and that would be a dangerous choice. They tried to engineer the downfall of SISU and as such our football club in a revengeful tactic with the hope Haskell and the Elliot inspired Hoffman bid would come to the top of the tree. That failed. The fact they tried smacks of as much insult to the fans as anything SISU had been pulling.
Otium could still negotiate with ACL and find a solution but I sense unless there is something more concrete than simply renting a pitch nothing will change. In an ideal world if the club did build a new stadium locally and then went on to reap the benefit and become more successful I'm sure history will show it was a good decision in the long run and the owners would have a far greater asset to sell.
Until the day comes that the council decide to give up it's stake or indeed provide a long term lease of the Ricoh to the football club then you won't see them ever playing there again.
Sad that it's come to this. There is still a chance but they have to leave the ego, the revenge and the greed at the door and accept that Otium will not go before they can realise some investment back. Giving them the opportunity to achieve that is the lesser of the two evils rather than suffer yourself and allow the fans to suffer. I just can't see the Ricoh sustaining itself very long without the football club as main tenant.
What will hurt everyone even more is if they continue this line of destruction and grief to then eventually agree something which they could have done long ago if only they could have put some common sense into the drama in the first place, swallowed hard and sucked up some pride.
I dislike SISU operations and the council and ACL operations equally and to both I say you are not worthy of this town and it's people. You have managed between you to turn fans into enemies of each other in many cases. The division you have created you are all responsible for. Neither side should be held in any esteem by anyone. It seems none of you could negotiate your way out of a paper bag. Shame on you.
Well the fact is the 'franchise' that is Coventry City is certainly a prize asset compared to say Crawley Town. I don't need to state the obvious there. The goodwill of such a large city and it's following is there for all to see.
Then if you had a stadium to go with it the football club is worth 10's of millions. Perhaps say 60m.
You buy a run down pub with little or no goodwill but you know where it is and the potential then you can turn it around and make money again. The scenario here is much the same.
A long lease interest of the Ricoh would have made that possible. ACL and the council in their wisdom refuse such a deal and have not even suggested they would give any deal to any new owner of the football club?
yet here we are a football club deciding that simply paying rent for a pitch 23 afternoons a year is not making sense almost at any price. I agree with that don't you?
Now ACL decide a 10 year lease with conditions and expect to tie the football club down to those terms for 10 years. I wouldn't take it either. It's does nothing to truly aliviate the main problem, just lowers the rent enough so match day sales revenue counts for a bit more and so they plod on with no other advantage? Not good enough.
I understand the animosity between the two sides very well. Both seem as culpable as each other for it.
The real problem I have is the reluctance of the council/ACL to find a deal that gave those additional incentives from the Ricoh, some ownership or ways the income of all that happens at the stadium on the back of the football clubs good will to find it's way to benefit the club.
I never knew the council felt so strongly about wanting to run a commercial business in the city so much and at the expense of the football club and alienate the people of Coventry or at the very least create division. That's what they have done.
I think they have an ulterior motive and that would be a dangerous choice. They tried to engineer the downfall of SISU and as such our football club in a revengeful tactic with the hope Haskell and the Elliot inspired Hoffman bid would come to the top of the tree. That failed. The fact they tried smacks of as much insult to the fans as anything SISU had been pulling.
Otium could still negotiate with ACL and find a solution but I sense unless there is something more concrete than simply renting a pitch nothing will change. In an ideal world if the club did build a new stadium locally and then went on to reap the benefit and become more successful I'm sure history will show it was a good decision in the long run and the owners would have a far greater asset to sell.
Until the day comes that the council decide to give up it's stake or indeed provide a long term lease of the Ricoh to the football club then you won't see them ever playing there again.
Sad that it's come to this. There is still a chance but they have to leave the ego, the revenge and the greed at the door and accept that Otium will not go before they can realise some investment back. Giving them the opportunity to achieve that is the lesser of the two evils rather than suffer yourself and allow the fans to suffer. I just can't see the Ricoh sustaining itself very long without the football club as main tenant.
What will hurt everyone even more is if they continue this line of destruction and grief to then eventually agree something which they could have done long ago if only they could have put some common sense into the drama in the first place, swallowed hard and sucked up some pride.
I dislike SISU operations and the council and ACL operations equally and to both I say you are not worthy of this town and it's people.You have managed between you to turn fans into enemies of each other in many cases. The division you have created you are all responsible for. Neither side should be held in any esteem by anyone. It seems none of you could negotiate your way out of a paper bag. Shame on you.
My Coventry brother, I need to tell you that you are missing the point, the Ricoh is a very big pawn in a very complex game. Ask yourself this question, if Sisu had 'sold up' to any of the prospective bidders what would they have got? What is a non operating, loss making football club, that doesn't own it's ground and with no assets worth? ....nothing. However! if you can magic that company away from the people who love it, who have a stadium to put it in, it is a very valuable object.
SISU have wanted out for a long time, they just didn't want anyone to know it. Every step of this has gone exactly the way they wanted it.
Please ban this WUM! Not even Fisher's mum thinks he's a "hero"...tim fisher is a bloody hero of this club, how dare members of this forum continuously harass this guy. he is just doing his job, and a hard job that is too. leave him alone your like a bunch of teenage bullies. really pathetic
Short answer: In the short term assuming no one travels to Sixfields and the NOPM campaign is effective then our club on Thursday was worth more than it is today. Even if they get half the stadium filled at NTFC that's far less than they probably would have done at the Ricoh and the maximum gate is less as well so your total income from ticket sales is unlikely improve even with full houses. Also to attract people to Sixfields they've had to lower the prices that they are charging. All of which is less likely to be attractive to a potential purchaser.OK, so do you think that the football club (the company that owns the right to play football, in the football league, under the name Coventry City) was more valuable yesterday, or is it more valuable as a proposition under OTIUM today?
I disagree. The best thing for ACL is to start to 'distress' SISU (through Otium). To do this the club HAVE to play at Sixfields. There will virtually no revenue and the impact will be felt by permanent transfer embargos and a rapidly dwindling turnover and wage budget. I understand that additional transfer embargos might be applied this season if the club's revenue is out of line with forecasts given to the football league.
If ACL were to rent the Ricoh pitch four times this season at £25k a time they will be two thirds the way to the £150k rent. Now there is no football club other (e.g. big rugby fixtures) might come their way.
SISU have been playing a game of Chicken and continue to do so. If I were ACL I wouldn't talk to Otium at all - leave them at Sixfields for the rest of the season. I think Fisher has massively miscalculated the financial impact of going to Sixfields.
In many respects ACL should make him eat the shit that he shovels in...
Was it me or did Tim sound slightly giddy with excitement whilst delivering the 'sad' news about the outcome of today's events?
An amazing change from the dreary, almost robotic delivery at the fans forums, why would this be?
It's amazing how quickly a business can go from being at the bottom of it's business cycle to the top.
1. Sisu knew they were never going to get the Ricoh
2. They had nothing to sell whilst the club was playing in a stadium they didn't own (the club itself is worthless without the Ricoh, the business model wasn't working out)
3. So, you force a situation that allows you to take (move to another town) the reason for the Ricoh's existence away ( knowing you will always be the approved bidder, get the golden share, whip up a frenzy of passionate, prospective buyers and heart broken fans)
4. You then put ACL in a position that they hate you so much that they would gift the stadium to any serious bidder, now all this buyer needs is the worthless football club, that you own and is now at the top of it's (relative) business cycle (OTIUM are now 'Coventry City FC) and, if you are going to get a very nice stadium at not much money, you could pay SISU a very nice sum for it (reunite the club and it's home and all that!)
Just a thought
An interesting and refreshing new take on the situation, Prefect.
The more i read your post, the more it makes sense.
SISU obviously don't like spending money, as making money (at any cost) is the sole purpose of a hedge fund.
So leaving them out in the cold for a potential 5 years, will cost them a fortune, and they know it.
When the bills start to mount up, maybe they'll be more amenable to negotiation, or ideally sell up.
tim fisher is a bloody hero of this club, how dare members of this forum continuously harass this guy. he is just doing his job, and a hard job that is too. leave him alone your like a bunch of teenage bullies. really pathetic
Could be that is how they have got the FL to play along, that they would be able to sell the club on very soon after getting the GS. And the FL see it as a good way to get out of a very tricky situation.
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