We can't afford you Sisu !!!!! (1 Viewer)

[sky blue john]

No more debt !! No more debt !!
Sisu are like a cancer and we have to cut them out !!!!

on the current 70 million of debt dumped in our club under the banner of interest and fees. Say Sisu Arvo charged us a yearly interest fee of 5% that would be 3.5 million per year that is probably over half our yearly income and they want to add more !!!!!

 

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[ajsccfc]

The exclamation points sell it to me.

 

[Godiva]

No more debt !! No more debt !!
Sisu are like a cancer and we have to cut them out !!!!

on the current 70 million of debt dumped in our club under the banner of interest and fees. Say Sisu Arvo charged us a yearly interest fee of 5% that would be 3.5 million per year that is probably over half our yearly income and they want to add more !!!!!

I am sure if you have been reading a few posts on this forum over the past few days you will agree the debt level is something that will be discussed at the forums.

Why not wait and actually listen to the answers and explanations before concluding if the club is actually in £70m debts and if the current sisu loans attract any interest or fees?

 

[sky blue john]

Agreed Godiva i don't want our fans to be fooled by irrelevant rent issues when this is how Sisu are screwing us and plan to continue doing so !!!!

 

[Ashdown1]

I am sure if you have been reading a few posts on this forum over the past few days you will agree the debt level is something that will be discussed at the forums.

Why not wait and actually listen to the answers and explanations before concluding if the club is actually in £70m debts and if the current sisu loans attract any interest or fees?

Wonderful, the debt is there when they want it and gone again when they don't. Its bullshit and you know it. No one wants these crooks in Coventry, only the deperados who honestly cannot come up with an alternative Saturday. Starving these bastards of cash is the only way now !

 

[mark82]

Wonderful, the debt is there when they want it and gone again when they don't. Its bullshit and you know it. No one wants these crooks in Coventry, only the deperados who honestly cannot come up with an alternative Saturday. Starving these bastards of cash is the only way now !

Agree. If they remain then to start a new club may have to be a genuine alternative. Can't bear them taking the club out of Coventry.

 

[stupot07]

No more debt !! No more debt !!
Sisu are like a cancer and we have to cut them out !!!!

on the current 70 million of debt dumped in our club under the banner of interest and fees. Say Sisu Arvo charged us a yearly interest fee of 5% that would be 3.5 million per year that is probably over half our yearly income and they want to add more !!!!!

Do you think a new owner will give money to the club or invest through loans?

 

[Bluegloucester]

Do you think a new owner will give money to the club or invest through loans?

It will be via debt (loans) or equity, no one will make a gift to the club.

 

[sky blue john]

It will be via debt (loans) or equity, no one will make a gift to the club.

obviously agreed but i would hope a new owner would do it in a straightforward manner and not mortgage and factor everything !!!!

 

[sky blue john]

Sisu see ccfc as a customer and bill them as such to the level solicitors bill their customers !!!

 

[Bluegloucester]

obviously agreed but i would hope a new owner would do it in a straightforward manner and not mortgage and factor everything !!!!

We would hope they would have the cash to do so.

 

[stupot07]

It will be via debt (loans) or equity, no one will make a gift to the club.

Completely agree, just wanted to make the point that new owners and new investment won't mean no debt. Leicester's owners have loaned £75m to them since 2010, including funding losses of over £15m per annum.

 

[Ashdown1]

Leicester City and their owners are a huge part of the overall problem !

 

[Stafford_SkBlue]

Sky blue john
I understand sisu have no external loans against the club. Ryton is not mortaged.
The football club does not generate enough revenue to pay such interest.
How do we know any other owner will be better. You just hoping.
I only see that the stadium is interesting potential investors will that benefit the football club, we dont know.

 

[sky blue john]

Sky blue john
I understand sisu have no external loans against the club. Ryton is not mortaged.
The football club does not generate enough revenue to pay such interest.
How do we know any other owner will be better. You just hoping.
I only see that the stadium is interesting potential investors will that benefit the football club, we dont know.

Are you for real ?
We have in house loans with Arvo how else do you think they have created 70million debt?
They factor season tickets every year !!!

 

[Sky Blue Pete]

Are you for real ?
We have in house loans with Arvo how else do you think they have created 70million debt?
They factor season tickets every year !!!

Not this year they won't