Can one of the "experts" on here tell me ccfc or those running it can spend money on whatever they like say a player without informing or getting the okay from sisu or Joy Sepalla ? If they can I'll accept ccfc is a separate entity to sisu.
Not sure how many times it has to be explained. Legally Otium is a separate entity to SISU there is nothing at all that shows otherwise. What you are mistakenly taking as being the same entity is actually a description of being controlled by SISU in the decisions made. Like many companies not all decisions need to be passed to the "owners" for approval though.
It is a question of control not entity.
Perhaps if people used the right terms and descriptions there wouldn't be these perpetual misconceptions, pointless arguments and not challenging SISU on the real issues.
The reason it is important to get it right was highlighted with the administration of CCFC Ltd. That company formed part of the SBS&L group whose members are controlled by SISU exactly like Otium t/a CCFC is , had it been the same entity then SISU would have been in administration too, which of course it was not. That allowed SISU to take actions, for example to break the lease, that did not risk SISU Capital Limited - CCFC Ltd though controlled by SISU was expendable without affecting SISU existence as an entity. They made the decisions, controlled the process but were never the same entity.
Similarly Otium t/a CCFC is not the same entity any way you like to look at it. Otium is most definitely controlled by SISU though as was CCFC Ltd
Perhaps the worry should be that they are not the same entity, because of the options being separate brings
ps I have the qualifications that cover accounts, group structures and basic company law which some would say makes me an expert not an "expert" thanks
(The same as me and plenty of others).
