Perhaps you can explain why ypu have swallowed Tim's flimsy excuse about the revenues which are clearly a fig leaf for his hard-ball tactics? The Wasps deal sees him having to accept his own medicine. Good.
Taking over the £14.4m bailout loan for starters. The Wasps deal just restructured it so council taxpayers are still liable if they default.
£2m 2 years ago (after due dil) for 50% of shares and a 125 year lease.
So we'd have had:
CCFC playing at the Ricoh all the time
Continuation of big concerts/events at Ricoh
No administration = no 20pt deduction = chance of regaining Championship football
Less money & bullshit re: legal & PR
Chance of Sisu selling CCFC as a going concern.
We are in this mess because of the failures and fuck ups of various flavours of Sisu, AEHC & CCC and their accomplices. Anyone who tries to pin it on just one entity is either
- trying to make it easy on their brain (we tend to prefer black or white solutions rather than shades of grey);
- not fully informed of all of the facts (easy to understand because the facts are many & labyrinthine); or
- bullshitting
This saga has been allowed to lumber on because people either haven't cared enough or they have lined up behind one side.
Now we have a situation where the club we support is doomed to either rent forever or move outside the city. Ultimately you can blame whoever you want. Doesn't change anything and as I said earlier, it could have all been easily avoided. If only people hadn't have sucked up all the bullshit from one side whilst ignoring half of what was going on.
At this moment we will play on saturdays , but when they get the other 50% and their feet completely under the table expect us to be playing second fiddle.Will CCFC and Wasps play on alternate weekends do we know?
Those things don't make it a better offer from Higgs point of view.
Then why did they bail out the club in the first place? The millions lost to the city of Coventry & who-knows how much from their own coffers WRT lawyers aren't a consideration to a Coventry charity?!?
Ah well, as long as Sisu get theirs then it'll all work out OK in the end and nobody else needs to be held to account.
Coward.
So you are saying the club doesn't need revenue then? Mark is right, you're hate for them outweighs anything else. Sad, sad man.
Then why did they bail out the club in the first place? The millions lost to the city of Coventry & who-knows how much from their own coffers WRT lawyers aren't a consideration to a Coventry charity?!?
Ah well, as long as Sisu get theirs then it'll all work out OK in the end and nobody else needs to be held to account.
Coward.
The only perceived benefit of not getting half of ACL is not buying into the council loan.
Does anybody know if the council could call for early repayment of that loan?
If SISU believe they have a serious chance of successfully appealing the JR then would they really want to be a joint partner in ACL?
Nope - nobody was arguing about the "need for revenue" before Timmy starting using that as his excuse. I don't agree it is as critical as he says.
Also please don't misrepresent me - I am only supporting this because it will help get rid of SISU, not because I want bad things ot happen purely out of (well-deserved) spite.
Then why did they bail out the club in the first place?
Nope - nobody was arguing about the "need for revenue" before Timmy starting using that as his excuse. I don't agree it is as critical as he says.
Are you going to organise some action on this? What about doing something when you're at tomorrow's game? I think LAST/BHSB said after Worcester they're taking a sisu out flag tomorrow - you/others might prefer to focus on Wasps, ccc etc but you need to take some action cos just posting on here doesn't change anything
How will it get rid of sisu? What about medium to long term if sisu go?
Well, you might not have noticed but I've been away from this nuthouse for a while and I'm well aware of the futility of posting here ;-) Just wasting time before I scoot out for more worthwhile escapades.
As far as Get Cov Back to the Ricoh are concerned, we've done our job although the situation at the Ricoh might be perilous to say the least. The problem is, there is no real focus for protest.
Sure Sisu Out will always go down well amongst the knee-jerk brigade but nobody has ever explained how that happens and what happens afterwards. The council have washed their hands of the whole thing and the Higgs brigade are still trying to make out that it's everyone else's fault but theirs.
Do those of us who are against franchise sport protest Wasps games? Do we protest our own trust board who seem to be supporting franchise sport?
I have to say, I'm a bit stuck for a way forward as it is all such a complete mess. I get the feeling that there are a few more skeletons to emerge and things will trundle on for a bit until the Wasps deal gets done. (I'm assuming that the AEHC will wuss out and not accept the CCFC bid. Their PR gang seem to be preparing the ground for just that.)
Then we're left with either a new stadium or trying to work out some kind of deal with another bunch of offshore owners. (Who are apparently the OK kind in some people's eyes.)
BTW, total respect to you and others (e.g. John Fletcher) who have spoken out against the Wasps deal and what it represents. It has really shocked me how some people have accepted it as Sisu's just desserts and overlooked the long term implications for local sport in the UK. Fair play to you for speaking out and taking the flack.
Not sure how merely pointing out that you are wrong makes me a coward, maybe you could explain.
For the ten millionth time.... because they are a hedge fund, they exist to make money - no Ricoh share means no chance of that. They won't be to the trouble and expense of building a new stadium when they've already had to write of however many millions.... it's going to get to "sell the club for a quid time" through lack of other options.
it's going to get to "sell the club for a quid time" through lack of other options.
You are a coward because you don't want to consider (or speak out about the fact) that anyone else apart from our beloved owners are responsible and you don't consider that anybody else needs to be held to account.
Wrong again, which seems to be getting a habit for you.
Ok, I'll humour you. Say Sisu go in 6 months time. Then what? Wasps will still own the Ricoh. Therefore Ccfc is still fooked.For the ten millionth time.... because they are a hedge fund, they exist to make money - no Ricoh share means no chance of that. They won't be to the trouble and expense of building a new stadium when they've already had to write of however many millions.... it's going to get to "sell the club for a quid time" through lack of other options.
...and some poor deluded souls on here still think Wasps are going to develop and market both franchises.
You are a coward because you don't want to consider (or speak out about the fact) that anyone else apart from our beloved owners are responsible and you don't consider that anybody else needs to be held to account.
They have other options, run the club at cost neutral in league one for 4-5, maybe 10 years a wait for wasps to struggle or move back down south. For me this is the most likely scenario.
Ok, I'll humour you. Say Sisu go in 6 months time. Then what? Wasps will still own the Ricoh. Therefore Ccfc is still fooked.
You're being a bit naive here. So when will they leave? Next week? Next month? Next year? Two years? 5 years?
They have other options, run the club at cost neutral in league one for 4-5, maybe 10 years a wait for wasps to struggle or move back down south. For me this is the most likely scenario. You're focussing on the hedgefund part but not seeing that this is just one of a portfolio of funds, there would be no need to panic sale.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
can you run the club at cost neutral in league one? (especially with crappy sponsors, no ground, large loans and massively disillusioned fanbase) or does it result in crowds dropping and a team that can't stay up leading to relegation where crowds fall again and the team has to be cut again, leading to struggling in league two so income falls again and the vicious cycle continues. I'm sure you can do it in years where you produce a top class young striker and draw one of the 2 most financially beneficial away days but these years are raritys.
You are a coward because you don't want to consider (or speak out about the fact) that anyone else apart from our beloved owners are responsible and you don't consider that anybody else needs to be held to account.
They get to say who buys Higgs share.
Goodnight.
http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fcs-ricoh-bid-8087735
Ok, I'll humour you. Say Sisu go in 6 months time. Then what? Wasps will still own the Ricoh. Therefore Ccfc is still fooked.
No the hedge fund that owns Wasps will rent it to them and hopefully us.
The hedge fund that owns CCFC could have rented it to us but didn't bother taking up the option.
We will be renting off one Hedge fund or another.
Just need to get access to incremental football rentals and now is the time to do it.
However, I guess the JR and new stadium nonsense will get in the way.
Happy to accept league one football for the foreseeable future? Regardless of the rent, that's exactly what we will be restricted to without access to matchday and addition revenue.
Our last season in the champions, turnover on the bottom 3-4 in the league despite having better attendances than 9-10 other clubs.
How does that fit in with your anything less than PL is unacceptable, and lack of ambition?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
no he is right.
so you are wrong
how ironic.
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