Prestwich_Blue said:I wrote about the Coventry City saga in our fanzine King of the Kippax recently. It is truly shocking and I simply can't believe how the FA & Football League allowed this state of affairs to develop.SkyBlueJim said:Most people blame our owners, the Sisu hedge fund, and many people suspect their actions over the last two years are all about trying to get ownership of the Ricoh Arena on the cheap.
The Coventry City saga makes Lord of the Rings look short, but here goes –
• Until the mid 1990s we were well run and solvent
• 1996 a new chairman decided to ‘have a punt’ on success
• 2001 relegated from the Premiership with something like £60 million debt
• 2005 after more crises moved from our Highfield Road ground to the Ricoh Arena as tenants with the Arena owned by ACL (Arena Coventry Limited), a joint venture between Coventry City Council and a local Charity
• 2007 CCFC was taken over by Sisu, a hedge fund
• 2010 with the global financial crisis hitting Sisu hard, Sisu’s owner Joy Seppala took direct control
• 2012 Sisu declared the rent being paid to ACL was too high and stopped paying it
• 2012 Relegated to League 1
• 2013 Sisu declared they are going to build a new stadium in ‘the Coventry area’, but not in the City itself
• 2013 club went into Administration
• 2013 Sisu relocated the club to Northampton, approved by the Football League for a period of 3 to 5 years
• Today – CCFC has been described as a basket-case. Currently:
- The crisis continues to be played out in the courts and media, with the next phase being a Judicial Review Sisu has sought against the Council but that won’t happen for months
- Sisu continue to say they will build a new stadium but have not purchased land, engaged in discussions with planning authorities nor submitted a planning application
- Our owner is so secretive there is no publicly available photo of her so we don’t even know what she looks like
- The vast majority of City fans are boycotting games at Northampton and attendances there are hitting record lows with an average of around 2,000 including visiting fans, but there’s been a massive increase in numbers going to away games
- A generation of new football fans is being lost and the heart is being ripped out of our club
- There is no indication of when, if ever, we will return to Coventry
One of the reasons I highlighted it was that just before they bought Coventry, Ranson & SISU were sniffing around us but the chairman wouldn't entertain the idea. Looks like that was a very good decision as they were clearly targetting clubs that didn't own their stadium.
I've signed and would encourage all other blues to do the same.
Edit: I've moved this into a separate topic.
manimanc said:Weirdly enough this season I always look out for their results,I think it's a number of reasons really such as the predicament they're in, they play in sky blue and their games always have lots of goals in them, plus I know how it feels to be down amongst the dead men. Great turn out by their fans at arsenal the other week as well.
Isn't richard keys a covy fan and can't he get a consortium together and do something?
Good luck.
Only too pleased to help in some way. The point about the stadiums both being leased didn't actually occur to me until the other day. Makes sense though when you think about it doesn't it?SkyBlueJim said:Prestwich_Blue said:I wrote about the Coventry City saga in our fanzine King of the Kippax recently. It is truly shocking and I simply can't believe how the FA & Football League allowed this state of affairs to develop.SkyBlueJim said:Most people blame our owners, the Sisu hedge fund, and many people suspect their actions over the last two years are all about trying to get ownership of the Ricoh Arena on the cheap.
The Coventry City saga makes Lord of the Rings look short, but here goes –
• Until the mid 1990s we were well run and solvent
• 1996 a new chairman decided to ‘have a punt’ on success
• 2001 relegated from the Premiership with something like £60 million debt
• 2005 after more crises moved from our Highfield Road ground to the Ricoh Arena as tenants with the Arena owned by ACL (Arena Coventry Limited), a joint venture between Coventry City Council and a local Charity
• 2007 CCFC was taken over by Sisu, a hedge fund
• 2010 with the global financial crisis hitting Sisu hard, Sisu’s owner Joy Seppala took direct control
• 2012 Sisu declared the rent being paid to ACL was too high and stopped paying it
• 2012 Relegated to League 1
• 2013 Sisu declared they are going to build a new stadium in ‘the Coventry area’, but not in the City itself
• 2013 club went into Administration
• 2013 Sisu relocated the club to Northampton, approved by the Football League for a period of 3 to 5 years
• Today – CCFC has been described as a basket-case. Currently:
- The crisis continues to be played out in the courts and media, with the next phase being a Judicial Review Sisu has sought against the Council but that won’t happen for months
- Sisu continue to say they will build a new stadium but have not purchased land, engaged in discussions with planning authorities nor submitted a planning application
- Our owner is so secretive there is no publicly available photo of her so we don’t even know what she looks like
- The vast majority of City fans are boycotting games at Northampton and attendances there are hitting record lows with an average of around 2,000 including visiting fans, but there’s been a massive increase in numbers going to away games
- A generation of new football fans is being lost and the heart is being ripped out of our club
- There is no indication of when, if ever, we will return to Coventry
One of the reasons I highlighted it was that just before they bought Coventry, Ranson & SISU were sniffing around us but the chairman wouldn't entertain the idea. Looks like that was a very good decision as they were clearly targetting clubs that didn't own their stadium.
I've signed and would encourage all other blues to do the same.
Edit: I've moved this into a separate topic.
Interesting that isnt it?
Thanks for your help.