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SISU - It Could Have Been Us

Gemmel

By Gemmel
in The Saints

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Colinjb

Colinjb

Posted
Posted (edited)
Won't happen. They probably have more season ticket holders than that ground can hold, for a start. They'll also come to an agreement with ACL over the Ricoh rent. The stuff in the last few days is both sides jostling for position to get themselves the best possible deal. I'd expect SISU to accept the deal offered last week.

 

The article implies that the club knows not all season ticket holders would make the trip to Irthlingborough for home games, they have about 7,000 I believe and so it wouldn't work unless there is a large degree of drop out.

 

On the basis that they already owe over a season's worth of rent the deal being offered is almost irrelevant. Coventry City FC is unsustainable at the moment regardless of stadium terms, the club is inherently insolvent. The City Council will not relinquish control of the stadium to a hedge fund as they know it would be asset stripped and SISU have made it clear that they will under no circumstances sell the club as it's progress up the leagues/selling on of local talent (such as Gael Birgirimana) is their only hope in getting their stake back.

 

Something has to fold, and it won't be local government.

Edited by Colinjb
stevegrant

stevegrant

Posted
Posted
On the basis that they already owe over a season's worth of rent the deal being offered is almost irrelevant.

Nonsense. The deal that was put forward last week allowed CCFC to pay off the £1.2m owed over 10 years, dropped the current and future rent figure to a much more realistic £400k a year and enabled the club to make some money from the catering, which isn't the case at the moment.

Colinjb

Colinjb

Posted
Posted
Nonsense. The deal that was put forward last week allowed CCFC to pay off the £1.2m owed over 10 years, dropped the current and future rent figure to a much more realistic £400k a year and enabled the club to make some money from the catering, which isn't the case at the moment.

 

The money from the catering alone is not going to pay the bills. The club has unsuccessfully operated on sponsorship/merchandise/TV only income for the past 18 months, the area that gave-way was their rent. Their accumulated debt over that time, rather then 1.5 million would have been approx 600k instead on the basis of the new deal, the negotiations are as good as irrelevant when the loses are still crippling.

 

Their fanbase is dwindling, they are unwilling to support a regime that is killing their team. Their income will only reduce as they stagnate further. Coventry City FC is a dead duck.

Colinjb

Colinjb

Posted
Posted
It is a beautiful beautiful stadium though.

 

And sadly a hopeless white elephant. Drive past there often enough day to day and it is a great place for a stadium, but not a football club..

 

Northamptonshire Sky Blues has a nice ring to it in an McDons kind of way.....

Doctoroncall

Doctoroncall

Posted
Posted
To be honest, "probably" - I honestly can't remember now! I had an ex who lived in Erdington, but she was from Sutton Coldfield - we went to a couple of pubs on the way to Cov, one in particular in a village called the Bull & something - no idea where or what it's called, but the food was fantastic!

 

 

The Bull & Butcher (in Corley Moor)?

  • 2 months later...
SaintBobby

SaintBobby

Posted
Posted

I only wish we had a 58,000 capacity stadium.

 

Then Saints could have all this financial excitement, instead of just selling c.90% of our seats - which is just dull tbh.

Dark Munster

Dark Munster

Posted
Posted
The money from the catering alone is not going to pay the bills. The club has unsuccessfully operated on sponsorship/merchandise/TV only income for the past 18 months, the area that gave-way was their rent. Their accumulated debt over that time, rather then 1.5 million would have been approx 600k instead on the basis of the new deal, the negotiations are as good as irrelevant when the loses are still crippling.

 

Their fanbase is dwindling, they are unwilling to support a regime that is killing their team. Their income will only reduce as they stagnate further. Coventry City FC is a dead duck.

Surely not deader than Cheats FC?

  • 3 years later...
Pedro

Pedro

Posted
Posted

SISU sends shivers down down my spine, when I see people complaining about the Liebherrs, I wonder just what type of owners they wish for.

New Forest Steve

New Forest Steve

Posted
Posted
‏@henrywinter

Just signed. Sisu: Put Coventry City Football Club up for sale - Sign the Petition!

 

https://www.change.org/p/sisu-put-coventry-city-football-club-up-for-sale

 

A good reminder to the critics of our current regime of how things could of been. SISU have completely decimated Coventry City .... it was so close to being us !!

 

I've just signed their petition, for what it's worth. Good luck to them with it but have a feeling it will be fruitless.

New Forest Steve

New Forest Steve

Posted
Posted
We have Leon Crouch to thank as the executives at the time were all for throwing our lot in with SIDU

 

Indeed we do. Living in Lymington, I know all about Leons input at the time, he never really got the credit he deserved.

New Forest Steve

New Forest Steve

Posted
Posted
There were plenty here at the time wanted to throw their lot in with SISU though.

 

tbf I think most of that mindset would of jumped off the itchen bridge to escape Rupert Lowe .... consequences weren't even considered .... much the same mindset of many on here nowadays.

Heisenberg

Heisenberg

Posted
Posted
tbf I think most of that mindset would of jumped off the itchen bridge to escape Rupert Lowe .... consequences weren't even considered .... much the same mindset of many on here nowadays.

 

Back then you could pick up a premiership club for a few million and chancers were everywhere. I actually did a bit of research around the time SISU were interested and posted a number of reasons why we should be declining any interest - got the standard SWF response "Troll" ect blabla

 

Nowadays is a hole new ball game - anyone interested in buying us us going to need a lot of money - that eliminates 99.5% of the population and yes the remaining 0.5% will include chancers but a smaller pot

broken spoke

broken spoke

Posted
Posted

The evidence is there, look at the fishy smelling ones down the road.... But I think we are too expensive now for the chancers... We are more likely to get a Strange North Korean Owner.

broken spoke

broken spoke

Posted
Posted
And sadly a hopeless white elephant. Drive past there often enough day to day and it is a great place for a stadium, but not a football club..

 

Northamptonshire Sky Blues has a nice ring to it in an McDons kind of way.....

 

I thought WASP's RFC had brought the Ricoh stadium in Cov?

Winnersaint

Winnersaint

Posted
Posted
Back then you could pick up a premiership club for a few million and chancers were everywhere. I actually did a bit of research around the time SISU were interested and posted a number of reasons why we should be declining any interest - got the standard SWF response "Troll" ect blabla

 

Nowadays is a hole new ball game - anyone interested in buying us us going to need a lot of money - that eliminates 99.5% of the population and yes the remaining 0.5% will include chancers but a smaller pot

 

Don't recall a Heisenberg posting around that time.

CB Fry

CB Fry

Posted
Posted
Back then you could pick up a premiership club for a few million and chancers were everywhere. I actually did a bit of research around the time SISU were interested and posted a number of reasons why we should be declining any interest - got the standard SWF response "Troll" ect blabla

 

Your recollection of forum history is breathtaking.

Dalek2003

Dalek2003

Posted
Posted
tbf I think most of that mindset would of jumped off the itchen bridge to escape Rupert Lowe .... consequences weren't even considered .... much the same mindset of many on here nowadays.

 

Totally agree. Some high and mighty stances that in reality put the club in peril.

Gemmel

Gemmel

Posted
  • Author
Posted
Back then you could pick up a premiership club for a few million and chancers were everywhere. I actually did a bit of research around the time SISU were interested and posted a number of reasons why we should be declining any interest - got the standard SWF response "Troll" ect blabla

 

But you are only registered from 2014 and have insisted you only have ever had one user name and never had any other profile

 

If Bullsh!t was rubber you would bounce.

ALWAYS_SFC

ALWAYS_SFC

Posted
Posted
Back then you could pick up a premiership club for a few million and chancers were everywhere. I actually did a bit of research around the time SISU were interested and posted a number of reasons why we should be declining any interest - got the standard SWF response "Troll" ect blabla

 

Nowadays is a hole new ball game - anyone interested in buying us us going to need a lot of money - that eliminates 99.5% of the population and yes the remaining 0.5% will include chancers but a smaller pot

 

But you are only registered from 2014 and have insisted you only have ever had one user name and never had any other profile

 

If Bullsh!t was rubber you would bounce.

 

Oh dear Charlie, Glasgow you've been rumbled.......

Gemmel

Gemmel

Posted
  • Author
Posted
It would 'NEVER' have been us and didnt get past one letter.

 

Allsorts of clubs where approached by Ray Ranson.

 

That's simply not true, a formal offer was made at (My memory is far from perfect) at something like 55% of current share price and was accepted by Jim (Little Scottish CEO) who made a recommendation to the board that the offer should be accepted, but rejected by the major shareholders. Ironically as things panned out those individuals would have stood to gain much more financially , had they accepted the deal, than they ever did in the end.

Heisenberg

Heisenberg

Posted
Posted
But you are only registered from 2014 and have insisted you only have ever had one user name and never had any other profile

 

If Bullsh!t was rubber you would bounce.

 

Not sure I've ever insisted that?

 

In fact I've been fairly open about my previous usernames - most recently a few week backs. No secrets here mate :)

 

http://www.saintsweb.co.uk/showthread.php?56199-Summer-Transfer-Targets-Thread&p=2393415#post2393415

Colinjb

Colinjb

Posted
Posted
I thought WASP's RFC had brought the Ricoh stadium in Cov?

 

They did, a year or so ago. Cov are f**ked. I get no joy from it.

 

As thread bumps go.........

broken spoke

broken spoke

Posted
Posted
They did, a year or so ago. Cov are f**ked. I get no joy from it.

 

As thread bumps go.........

 

my other half is from Cov,and I lived near there for over ten years, so it's like a second home to me, it is a shame this has happened to them.

pluto

pluto

Posted
Posted
That's simply not true, a formal offer was made at (My memory is far from perfect) at something like 55% of current share price and was accepted by Jim (Little Scottish CEO) who made a recommendation to the board that the offer should be accepted, but rejected by the major shareholders. Ironically as things panned out those individuals would have stood to gain much more financially , had they accepted the deal, than they ever did in the end.

 

One formal letter from SISU and then no reply, when the shareholders asked allsorts of questions in a letter to them.

holepuncture

holepuncture

Posted
Posted
It would 'NEVER' have been us and didnt get past one letter.

 

Allsorts of clubs where approached by Ray Ranson.

 

It was approved by the Plc board, and recommended to the shareholders, that was public I believe. I have an audio recording of a meeting with the then Plc ceo explaining why they approved it (because we were going bust basically).

 

Rupert, Wilde and Leon Crouch did us a favour there... Particularly Leon.

Toomer

Toomer

Posted
Posted

If SISU had got their hands on us would we have had a day out at Wembley, consecutive promotions, two European tours or even been in the prem. I think the answer to all the above would be NO.

Heisenberg

Heisenberg

Posted
Posted
We could play a game - You're not sure or you definitely have never said / posted that ?

 

Regardless - That is ******* sad -why so many user names

 

No worries mate - apology accepted :)

  • 1 month later...
CB Fry

CB Fry

Posted
Posted

Back in the day, swivel eyed forum legend SaintRichmond was absolutely incandescent in CAPITAL LETTER RAGE that the deal with SISU never went through and berated the shareholders for months for not going with them.

 

True story.

pluto

pluto

Posted
Posted

Yet again this rubbish gets spouted, it was never 'very close' when all the main shareholders had no interest whatsoever with SISU.

Suhari

Suhari

Posted
Posted
Back in the day, swivel eyed forum legend SaintRichmond was absolutely incandescent in CAPITAL LETTER RAGE that the deal with SISU never went through and berated the shareholders for months for not going with them.

 

True story.

 

Dodged.A.Bullet.

 

We are ****ing lucky with our ownership: no doubt.

Doctoroncall

Doctoroncall

Posted
Posted
Yet again this rubbish gets spouted, it was never 'very close' when all the main shareholders had no interest whatsoever with SISU.

 

Agree, but doesn't make a nice story. Using the same basis of association we can say Saints are very close with the Chinese takeover!

  • 1 month later...
CB Fry

CB Fry

Posted
Posted
butterfly effect and all that

If we were run by SISU we definitely wouldn't be selling all our best players to Liverpool. So, swings and roundabouts really.

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