SISU 2016 Accounts

Discussion in 'Coventry City General Chat' started by oldskyblue58, Jan 5, 2017.

  1. Nick

    Nick Administrator

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    He said it on another thread.

    I'm not sure what your point is about the copy and paste, OSB pointed out they had been paid a decent chunk.
     
  2. Captain Dart

    Captain Dart Well-Known Member

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    Who is going to start a SISU company structure wiki? :beaver:
     
  3. Captain Dart

    Captain Dart Well-Known Member

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    Don't agree with that, I want SISU out, whichever way works, after which the club might be revitalised, at the moment it is stagnating, how can that be acceptable?
     
  4. Nick

    Nick Administrator

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    Making things up won't work, as it keeps being said it won't damage them as they will bat it away like it's nothing.

    How is people repeating things that aren't true helping anything?
     
  5. skybluebeduff

    skybluebeduff Well-Known Member

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    Capture.PNG

    Did they?
     
  6. Nick

    Nick Administrator

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    That's the temporary rolling credit thing isn't it when they put 750k in?
     
  7. skybluebeduff

    skybluebeduff Well-Known Member

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    Don't know lol
     
  8. Nick

    Nick Administrator

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    OSB will confirm it either way ;)

    Ask that guy for a list of the string of businesses taking money from the club :) How can money go "via" Otium if Otium is the limited company behind the club?
     
  9. skybluebeduff

    skybluebeduff Well-Known Member

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    Good point, i'll ask him.
     
  10. Senior Vick from Alicante

    Senior Vick from Alicante Active Member

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    That's 1.8 million a year, surely that would be shown in the accounts. Great income if you can get it
     
  11. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    no physical cash repayments shown on the 2015 or 2014 cash flow statements

    some of the ARVO debt & interest was converted to preference shares £471k

    ARVO are owed 7,736,820 in capital total and rolled up interest of 2,762,076 as of 31/05/2015

    interest on part (1.7m capital amount ) appears to run at 11% and the rest at around 18% (my calculation). Has been rolled up and carried forward as still owing, not physically paid

    money would not go to debtors because debtors is money owed to CCFC

    Do charges get included for some costs by increasing loans possibly, except loans decreased in 2015

    All details from the accounts freely available from companies house to read and quote properly

    Do we know there are a string of businesses who are taking money from CCFC indirectly for SISU - no its a guess

    Is ARVO linked to SISU yes

    no further comment
     
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  12. skybluebeduff

    skybluebeduff Well-Known Member

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    Thank you.
     
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  13. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    Frankly guys I am beginning to lose the will to live correcting the gobbled gook coming from some of these self appointed financial commentators.

    Honest questions or points raised by CCFC fans are one thing and I am always happy to help, but some "commentators" who set themselves up as knowing clearly have not got a clue and keep regurgitating the crap information confusing the situation. That does not help get rid of SISU at all, it just gives them ways to muddy waters and hide behind. It obscures the way to put pressure on SISU.

    The real issues right now are not the SISU accounts its
    -The academy
    - Where the player proceeds are used within the club
    - where we are playing September 2018
    - the sale of Ryton


    Sorry but its my busiest time of year due to the tax deadline and I am not at my most patient

    Not a comment on anyone here who raises or references these things for clarification etc btw, I take that at face value and as I say happy to help
     
  14. Nick

    Nick Administrator

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    The OSB office when somebody comments on accounts incorrectly.

    [​IMG]

    I'd imagine it makes it easy for Fisher to sit and take questions about how SISU are taking all of the money when compared to the others. From his phone in's it has all been about accounts and break even and nothing about the others.
     
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  15. skybluebeduff

    skybluebeduff Well-Known Member

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    I give up with him...
     
  16. Nick

    Nick Administrator

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    Is he still going on?

    What money is going into their trust fund? I bet people lap it up
     
  17. chiefdave

    chiefdave Well-Known Member

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    Bloody hell, he's getting the basics wrong so there's no hope with the complex stuff.

    How does he leap from Otium (CCFC) possibly having a £1m EBIT profit in their 2017 accounts to that money somehow ending up in SISU's accounts the year before?
     
  18. Gosford Green

    Gosford Green Well-Known Member

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    It is impossible to prove or not prove that money from CCFC turnover is going to SISU. No one has access to the ledger and detailed invoices.

    I frankly do not care as previous owners of this football club have took money out in the past and most owners of businesses take out cash in some way or form.

    If someone is that bothered their ticket money might end up in the Cayman Islands remove all doubt and do not give the club any money.

    OSB (come the revolution can we have him as CCFC chariman?) has offered other much more pressing issues that fans have to be very concerned about.
     
  19. Grendel

    Grendel Well-Known Member

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    OSB has on the CT site been accused of being "that accountant sisu employ to spread lies on SBT"
     
  20. Nick

    Nick Administrator

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    Really? I've never seen him in the office.
     
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  21. Gosford Green

    Gosford Green Well-Known Member

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    I do not doubt SISU came here for the money originally and still want some but taking a few £K hundred out of the post EBIT carve up is not what they had in mind.

    Juggy does miss the facts by a country mile.
     
  22. skybluebeduff

    skybluebeduff Well-Known Member

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  23. skybluebeduff

    skybluebeduff Well-Known Member

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    Me side with SISU? Someone needs to have a word, especially when it comes to me and my hatred for SISU!! ;)
     
  24. Nick

    Nick Administrator

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    Is that the same juggy who thought they were ccfc accounts and doesn't know the difference between interest accruid and paid?

    The same one who tweeted that Mowbray told him something, then said he over heard it when somebody asked him about it.

    It's bad to think people give him air time and column space.
     
  25. skybluebeduff

    skybluebeduff Well-Known Member

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    It's the first time he's ever cropped up on one of my posts on the CCFC Forum on facebook to be honest, but he has since apologised for thinking I am a SISU apologist.

    Many are confused out there though Nick, including myself. I was quite adamant that SISU were fiddling yet cannot prove any of it. I still believe something fishy is going on, I struggle to see how they still want CCFC.

    But since reviewing what OSB has said in many of his threads, I belive him more than myself, he knows what he's on about, I don't, hopefully others will start learning from him and see that many of us were wrong.

    That still don't deflect what SISU have done to this club though.
     
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  26. skyblueindorset

    skyblueindorset Well-Known Member

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    I only visit the CT site occasionally, but I have never seen this accusation. However, it doesn't surprise me. There are several on there that should only be allowed access to a computer under adult supervision.
     
  27. Nick

    Nick Administrator

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    Why are they confused though? Because if you say different you are a sisu lover even if you are pointing out facts.

    The other thing is refusing to listen if corrected on things, I'm wrong sometimes and more than happy to be open to learn, you just have too but others won't.


    The thing is, when people speculate and make things up it does deflect from the actual things.

    People will listen to juggy and believe him, people think when they buy a ticket it goes straight to sisu etc. That doesn't harm sisu, it's likely to harm ccfc more.

    They will sit all day and let people speculate and exaggerate things.
     
  28. Grendel

    Grendel Well-Known Member

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    Simon Gilbert was once called sisu Gilbert.
     
  29. Grendel

    Grendel Well-Known Member

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    Juggy makes me laugh. He says these things but admits he will keep going regardless and had a season ticket at sixfields.
     
  30. Grendel

    Grendel Well-Known Member

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    I think he only comes in on Fridays when your not there.
     
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  31. skybluebeduff

    skybluebeduff Well-Known Member

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    Because I bet 80% of them don't look into accounts and stuff, like you said, they believe what people make up, and whatever bullshit Simon types up.
     
  32. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    I want SISU gone, Was wary of them from the get go in 2008 and my concerns have only grown since.

    I just don't do assumptions as facts. I don't mind giving an opinion, its usually clear when I do

    I understand the figures, accounts and audits because that's my profession and I hold qualifications with both senior accountancy bodies including being a Statutory Auditor. I know how things work. I have actively independently been involved in things and challenged all the main players directly face to face. I try to explain the facts in lay mans language. I hope I do not do this in an arrogant, egotistical way but in a straight forward realistic way. I try to avoid the name calling and blowing my own trumpet (except now). My allegiance is to CCFC, I might not share everyone's opinions but I try to understand. I give my honest opinion, state the facts and try to give as balanced narrative as possible (apparently over time I have worked for CCFC, ACL, SISU, Council, etc. so seems to be working - I never have worked or even wanted to for any of them). I can be wrong and am big enough to admit it. I am keen to learn and try to keep an open mind

    Thing about facts is they can paint the right picture and yes some facts might paint SISU in a more positive hue but there are plenty I have put forward that do not - and it doesn't change the fact I want SISU gone, but not at any price, liquidation or disappearance of the club is a hard limit it must not happen. Assumptions are at best an undercoat on the canvas and liable to change at any moment

    When someone belittles my professional knowledge because as someone unqualified they know better assumptions, the first reaction is to be angry (I am sure of my knowledge and proud of the qualifications I have) but seconds later to find it pathetic and highly amusing. It invalidates their opinion in my mind and I move on. Not worth getting upset over key board warriors life is too short with better things to do.

    I will stick to the facts that can be proven be it CCFC, SISU, CCC, ACL, Wasps etc plus my own skills and understanding thanks
     
    Last edited: Jan 11, 2017
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  33. Nick

    Nick Administrator

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    To be fair I'd blow my own trumpet if I had a BTEC in economics too!

    [​IMG]
     
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  34. dongonzalos

    dongonzalos Well-Known Member

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    Are people getting paid in a manner that means they don't get taxed?
     
  35. speedie87

    speedie87 Well-Known Member

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    You trying to bring them down like al Capone?
     

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