Coventry and Ipswich

[albie]

Trouble brewing at Ipswich;
http://www.bbc.co.uk/news/uk-england-suffolk-25324285

Meanwhile, at Cov the supporters are threatened with a legal letter;
http://www.coventrytelegraph.net/news/coventry-news/row-over-coventry-city-legal-6393208

I don't see how a link to a newspaper article can be the fault of the supporters trust. If the hedgers think the original article is incorrect, surely they take it up with the newspaper.

Oh, I forgot....the Guardian have lawyers, and if the intention is to bully the supporters, then hey-ho!

[big fat yorkshire pudding]

Supporters trusts asking the questions they should.

[BobG]

Thank you Albie - for both links. Interesting stuff. I am sitting here wondering if the Hedge Fund tiger ever changes its spots....  We are well out of our own little Hedge Fund.

BobG

[One_Matty_Lucas]

I think we need to be clear here that we aren't comparing SC to SISU because that would be tarring all Hedge Funds with the same brush. Due to the lack of information from SC we are bound to assume the worst.

[Northants Nomad]

Thank you Albie - for both links. Interesting stuff. I am sitting here wondering if the Hedge Fund tiger ever changes its spots....  We are well out of our own little Hedge Fund.

BobG

Point of order Bob, I think "Hedge Fund Leopard" would fit that much better!  ;-)

Hope you're well mate, and your lad still doing well.

[BobG]

You're quite right Exile. I spotted that last night not long after I posted it. But what the hell...! And Gaz, you also are quite right. I absolutely was not implying any linkage between SISU and SC. I was wondering, out loud, about the general hedge fund industry where we have already reviewed their business practices, priorities and objectives. It's our inability to see how any hedge fund could be a long term benevolent football club owner whilst continuing to meet their normal business demands that is so puzzling.Especially when the SISU/Coventry saga has been all over the papers for nigh on two years now. That club has avast amount of spadework to do to get its fans back, it's house in order and its trajectory on an upward curve. They could spend years mired in the lower leagues now.

BobG

[albie]

As OML says, you have to be careful generalising from the particular, but the Football League need to have a complete rethink about their position on the nature of club ownership and governance going forward.

After all, if you sell to a hedge fund, then it is not reasonable to complain afterwards if they follow a strategy of profit taking...it is in their nature, because they are a hedge fund!

It all reminds me a bit of the hopeless response from the football authorities when Wimbledon were asset stripped and moved to start a "new" club at Milton Keynes. The blazered buffers just hoped all would somehow turn out OK, despite what they did, rather than because of it!

[silent majority]

Albie,

You make some good points, but the Wimbledon issue is/was a totally different one to the Coventry one. I can understand why the FL did what it did, but it really didn't have any other option. We have, along with Supporters Direct, made our feelings entirely clear to the FL that they should have acted sooner and been more dictatorial. They allowed themselves to be played by SISU who knew exactly how to get around the rules by declaring themselves as the largest creditor.

It's far from the end yet though.

[Wiltshire Exile]

Trouble brewing at Ipswich;
http://www.bbc.co.uk/news/uk-england-suffolk-25324285

Meanwhile, at Cov the supporters are threatened with a legal letter;
http://www.coventrytelegraph.net/news/coventry-news/row-over-coventry-city-legal-6393208

I don't see how a link to a newspaper article can be the fault of the supporters trust. If the hedgers think the original article is incorrect, surely they take it up with the newspaper.

Oh, I forgot....the Guardian have lawyers, and if the intention is to bully the supporters, then hey-ho!

Click on the link on the BBC website above and it takes you to the East Anglian Daily Times. An agent is quoted as saying: He added: “If it carries on then people will stop doing business with them. Football agents will start taking their players elsewhere, while players at the club will want to move on too if they think there are going to be financial difficulties moving forwards.”

Says it all doesn't it? Those parasites known as football agents actually decide where their clients will play, depending on the agents' fees that the clubs offer. Agents serve absolutely no purpose at all in the game. Time to get rid!.......if only.