How much do SISU stand to make (1 Viewer)

[SkybluG]

Just a thought ,

SISU take over club and 30 million of debt
Transfer it to other sisu company, but debt still owed to banks
Borrow another 2 million a year to cover running costs
Total cash investment zero, total borrowings from banks 40 million


Now, looking at their plan for ACL mortgage, they use administration of ltd to phone bank and say it now a distressed debt so pay u 6 mill to clear it

Total investment so far then is 6 million

Get property company to pay or most of development costs for new ground. Contribute say 10 million

Total investment then 16 million.

Assets would be club, 15 thousand seat stadia and associated conference suite or hotel or whatever

What could they sell that for? 40 million?

Nice 24 million profit

Is that why they hanging on and not cutting loses and getting out now?

 

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[wingy]

Have thought of responding in a couple of threads today where it has been suggested in one way or another that SISU by succeeding in knocking over ACL or INdeed Building their own Ground will find the Grail that leads them away from CCFC,with a tidy sum tucked in their back pocket.
Not wishing to sound contradictory to anyone elses views but if it were so simple then why when we were in the Prem with similar debt levels was it not possible for our club to find £30M. required to see the RICOH come to fruition ,of course SISU may possibly have the type of access to these funds but that would not be gaurenteed. The Diachotomy of these views expressing opinion that a product deemed worthless in the hands of ACL, or the new Stadium combined with a debt laden club, approaching possibly £80M. and still in the lower Divisions are worth enough to tempt a departure .
Now forgive me but you have to look at your history to know your future and the last two times the club has found itself in Dire straits it has been given away ,or sold its 50% stake in the profit making side of Stadium operation for £6M. Why in all seriousness do we think either of the two outcomes currently perused are likely to profer large windfalls to our owners.:thinking about:

 

[Skybluesquirrel]

SkyBlueG - there is no overdraft. They have access to cash via investors/private funds.

Wingy - A club makes no sense financially on its own, particularly one in the third division. However, the stadium and surrounding land can be redeveloped to massively increase returns. You need the two.

Everton almost relocated from Liverpool to West Derby, a small town in Knowsely, about 10 miles away. The plan was essentially to bulldoze the whole of the city centre, stick a stadium in the middle of a shopping mall and the biggest Tesco in the country. Without the stadium, you would have more local (and national) opposition.

Some of the debts of clubs is astounding - anywhere between £50 to £80 million at clubs like Notts Forest, Ipswich, Derby. Its hard to make money in football unless you sell the club. With a ground. Its total madness. Why would you do it for its own sake?

 

[SkyBlueBlood]

Just a thought ,

SISU take over club and 30 million of debt
Transfer it to other sisu company, but debt still owed to banks
Borrow another 2 million a year to cover running costs
Total cash investment zero, total borrowings from banks 40 million


Now, looking at their plan for ACL mortgage, they use administration of ltd to phone bank and say it now a distressed debt so pay u 6 mill to clear it

Total investment so far then is 6 million

Get property company to pay or most of development costs for new ground. Contribute say 10 million

Total investment then 16 million.

Assets would be club, 15 thousand seat stadia and associated conference suite or hotel or whatever

What could they sell that for? 40 million?

Nice 24 million profit

Is that why they hanging on and not cutting loses and getting out now?

And you actually think SISU have a plan. Seriously that would be a first.

 

[stupot07]

Just a thought ,

SISU take over club and 30 million of debt
Transfer it to other sisu company, but debt still owed to banks
Borrow another 2 million a year to cover running costs
Total cash investment zero, total borrowings from banks 40 million


Now, looking at their plan for ACL mortgage, they use administration of ltd to phone bank and say it now a distressed debt so pay u 6 mill to clear it

Total investment so far then is 6 million

Get property company to pay or most of development costs for new ground. Contribute say 10 million

Total investment then 16 million.

Assets would be club, 15 thousand seat stadia and associated conference suite or hotel or whatever

What could they sell that for? 40 million?

Nice 24 million profit

Is that why they hanging on and not cutting loses and getting out now?

Have you just picked random numbers out of the air?