Wasps going into admin & the impact on CCFC (4 Viewers)

[usskyblue]

The figures are confusing. Just tell us many Bounty’s that is?

 

[The Philosopher]

Well by 'they put in £4.5 million' obviously yes that means they got it from investors. But carrying on as they are, they are never, ever going to get the total investment back. Not even close.

….unless they reach the Prem
….get some really lucky transfers like £20m for Gyok (McBurnie was more and he’s useless) , £15m for whoever, this sell on, that Cup run (Look IDGAF that atm it’s pie in the sky, but I’m playing Devils Advocate)
….Get the CBS for very little (£15m might have been their fantasy) and revalue / sell the lot for £60m plus £15m and get out of jail. This was the plan from 8 years ago too but the numbers were different. They had to keep trying through the courts because they couldn’t afford not to.

The above, I believe, we’re SISU’s exit plans.

Selling for lots less - they cannot do.

The arena option looks to have fallen by the wayside.

Crystalising their loss isn’t an option I don’t think.

 

[Sky Blue Harry H]

Getting closer.............

 

[Brighton Sky Blue]

View attachment 27023View attachment 27024 Getting closer.............

Big Mike's probably made an account just to make the 10,000th post

 

[The Philosopher]

View attachment 27023View attachment 27024 Getting closer.............

It’s the reason I keep posting.

 

[HuckerbyDublinWhelan]

….unless they reach the Prem
….get some really lucky transfers like £20m for Gyok (McBurnie was more and he’s useless) , £15m for whoever, this sell on, that Cup run (Look IDGAF that atm it’s pie in the sky, but I’m playing Devils Advocate)
….Get the CBS for very little (£15m might have been their fantasy) and revalue / sell the lot for £60m plus £15m and get out of jail. This was the plan from 8 years ago too but the numbers were different. They had to keep trying through the courts because they couldn’t afford not to.

The above, I believe, we’re SISU’s exit plans.

Selling for lots less - they cannot do.

The arena option looks to have fallen by the wayside.

Crystalising their loss isn’t an option I don’t think.

Isn’t CCFC part of an investment fund? Therefore not the only part of a particular fund.

wouldn’t it only be a loss if the entire fund was losing money?

 

[djr8369]

Won't show up on the sisu capital Ltd accounts, they are part of an investment funds for their clients

Is the effect still the same though, it’s listed as an investment of x million in CCFC generating x amount of interest per year?

 

[The Philosopher]

Isn’t CCFC part of an investment fund? Therefore not the only part of a particular fund.

wouldn’t it only be a loss if the entire fund was losing money?

Yes, but the point remains: if the total fund is £560m and CCFC is £60m, then (sell CCFC for and) get a return of £ 20m, the fund can only be valued at £500m with £20m in cash. £520m. It’s lost £40m. Investors won’t be happy. You can’t just make numbers up, there usually has to be substantive asset behind the assertion.

How they keep CCFC as an asset in a fund is beyond me, others on here will explain better but it’s a sketchy sounding arrangement at best. Are any other clubs part of a hedge fund?

 

[Grendel]

I don’t agree.

They are a hedge fund.

Definition:

A hedge fund is a limited partnership of private investors whose money is managed by professional fund managers who use a wide range of strategies, including leveraging or trading of non-traditional assets, to earn above-average investment returns.

——

So long as SISU shows its investors that the value of their investment increases then that’s all dandy.

The various “funds” show that the money in CCFC is earning £2m per year in interest. On paper. That’s the key. On paper.

It looks to me that on paper SISU have CCFC at £60m.

Sell for less and they have a problem.

no they have ccfc at far less than that

 

[The Philosopher]

no they have ccfc at far less than that

Ok.

Let’s have the deep dive - waiting.

Or a sarky, unconstructive comment like a 12 year old.

let’s see…..

 

[Nick]

Think I preferred the chocolate bants to the Russell Brand type vocabulary.

 

[Samo]

Think I preferred the chocolate bants to the Russell Brand type vocabulary.

If only you had Russell Brand's vocabulary!

 

[Theonlywayisskyblue]

While I’m enjoying the filibustering and endless hypotheses I keep reminding myself that I’m a football fan and Sky Blue through and through and so I don’t look at this as a cold-hearted, emotionless business person would. If I did or if I could I might (but only might) be able to take an educated guess about where this is going. Neither Joy nor big Mike are in this for anything other than the potential financial upside. The answer always lies in following the cash - or in eating the blue bounties

 

[SkyBlueSam01]

I like the bounties but I don't touch them until the end so I get an equal share of the rest then all the bounties when everybody else is done

Pure class this (from a Ferrero Roche fan)

 

[OyJimmy]

Remember one thing here. Interest rates are climbing. If Sisu has debt their interest payments are climbing in a tough economy. Now could be a good time to cut and run. Ashley will know that. He’ll hard ball them

 

[Brighton Sky Blue]

Pure class this (from a Ferrero Roche fan)

Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake

 

[slowpoke]

Think we all have to be patient. The positive for me is it just might be sisu are on the back foot and perhaps soon be gone, I know we have been here before but this time I have a good feeling about it.

 

[Nuskyblue]

TV

Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake

White Loin bar please

 

[Liquid Gold]

Another day without a sisu sob story.

 

[Sbarcher]

Pure class this (from a Ferrero Roche fan)

You’re nuts, has to be Lindt.

 

[Sky_Blue_Dreamer]

Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake

I like Lion bars and Ferrero Rocher.

 

[Bugsy]

Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake

Peanut lion bar for me plz

 

[pipkin73]

I guess those loses show up as debtors on SISUs accounts and so effectively an asset? Would that be why they’d manufacture “losses” and hang around, it inflates their balance sheet? Or have I got that all wrong…

That is how i read it, but i know nothing lol

 

[Nuskyblue]

I like Lion bars and Ferrero Rocher.

Hussy

 

[Grendel]

Ok.

Let’s have the deep dive - waiting.

Or a sarky, unconstructive comment like a 12 year old.

let’s see…..

Its been explained over and over again to you but oddly you just ignore it. Ccfc owner related debt is in that region

Still even a 12 year old wouldn’t claim wages to be £3 to £4 million would they

 

[The Philosopher]

Its been explained over and over again to you but oddly you just ignore it. Ccfc owner related debt is in that region

Still even a 12 year old wouldn’t claim wages to be £3 to £4 million would they

12.

 

[robbiekeane]

what’s the craic then

 

[Nuskyblue]

The general consensus is that chocolate with nuts in are good

what’s the craic then

 

[pipkin73]

Some Wasps fans want here for the new ground, i think the main stand might still be too big

Help us decide the future of Linford Christie Stadium

www.lbhf.gov.uk

 

[Nuskyblue]

Some Wasps fans want here for the new ground, i think the main stand might still be too big

Help us decide the future of Linford Christie Stadium

www.lbhf.gov.uk

I think they are drawn to it because it's making a loss. It must be their fetish.

 

[pipkin73]

Loved Mars as a kid, think they are too bland now.
Caramel-based chocolates, oh yes, now feel too sweet.
Galaxy ripple, a flake without the crumble, oh yes please.

 

[pipkin73]

I think they are drawn to it because it's making a loss. It must be their fetish.

Click on the link, the stand only holds a few hundred lol.

 

[Otis]

The general consensus is that chocolate with nuts in are good

Depends on whose nuts to be honest.

 

[Nuskyblue]

Loved Mars as a kid, think they are too bland now.
Caramel-based chocolates, oh yes, now feel too sweet.
Galaxy ripple, a flake without the crumble, oh yes please.

Flake without the crumble is a twirl

Caramel, big fan.

 

[Otis]

Flake without the crumble is a twirl

Caramel, big fan.

Yorkie raisin and biscuit is my favourite.