Back to being the biggest club in Coventry? (3 Viewers)

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stupot07

stupot07

Well-Known Member
italiahorse said:
Its the only way I see out of this mess.
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It's a no better plan than hoping wasps fail, in fact if wasps were to buy us, the whole group would end up in administration within 2 years. Or more likely they'll transfer all the debt in us then liquidate us.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors :)
 
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italiahorse

italiahorse

Well-Known Member
stupot07 said:
It's a no better plan than hoping wasps fail, in fact if wasps were to buy us, the whole group would end up in administration within 2 years. Or more likely they'll transfer all the debt in us then liquidate us.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors :)
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Your probably right. I'm just putting it out there.
 
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SkyBlueZack

Well-Known Member
Just a thought, but the squad is worth significantly more now surely? If Maddison is worth 10m, how can the club only be worth 2m as a whole?
 
S

SkyBlueZack

Well-Known Member
Well you were discussing it as if they sold the club today. So my questions still stands. If Maddison is worth 10m as been quoted, how is the club only worth 2m?
 
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SkyBlueZack

Well-Known Member
Also let's factor in RCC, Stokes, Vincelot, Fleck even with 6 months on his contract being quoted at 200k, Lameires. Please do us all a favour and think things through before posting shit. Cheers
 
Nick

Nick

Administrator
italiahorse said:
It's a metaphor.
You do know he actually isn't dog shit don't you ?
Unless you know something I don't ?
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Is this the "speak bollocks and pretend I didn't understand" phase?

I wasn't talking about the metaphor, I was talking about the "abuse", you seem saying people insult / abuse you because they can't debate / don't have an answer.
 
italiahorse

italiahorse

Well-Known Member
SkyBlueZack said:
Also let's factor in RCC, Stokes, Vincelot, Fleck even with 6 months on his contract being quoted at 200k, Lameires. Please do us all a favour and think things through before posting shit. Cheers
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It's not shit, you just don't understand accounting. Check the accounts.

I bought a horse for £3K, broke it in and schooled it to be a top show jumper that competes and beats horses valued at £30K.
On my books it is worth £3K.
If I sell it for £30K I will make a profit of £27K which will be subject to tax as an income.
 
italiahorse

italiahorse

Well-Known Member
Nick said:
Is this the "speak bollocks and pretend I didn't understand" phase?

I wasn't talking about the metaphor, I was talking about the "abuse", you seem saying people insult / abuse you because they can't debate / don't have an answer.
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He wasn't debating, he made another silly unrelated comment. Hence the metaphor.
You do know it wasn't a sensible comment, don't you ?
 
chiefdave

chiefdave

Well-Known Member
SkyBlueZack said:
Just a thought, but the squad is worth significantly more now surely? If Maddison is worth 10m, how can the club only be worth 2m as a whole?
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Doesn't really work like that. Anyway the £2m is a meaningless number. If SISU were to sell us for £2m it would be with the debt still in place. What you're really looking at is someone paying a £1 for the club and making SISU / AVRO a pence in the pound offer on the debt.

No one in their right mind is going to take on the club, at any price, and still have to service £60m of debt and no stadium. Only way that will happen is if a Cov fan becomes a billionaire and is happy to chuck the money away to sort the club out.
 
chiefdave

chiefdave

Well-Known Member
italiahorse said:
It's not shit, you just don't understand accounting. Check the accounts.

I bought a horse for £3K, broke it in and schooled it to be a top show jumper that competes and beats horses valued at £30K.
On my books it is worth £3K.
If I sell it for £30K I will make a profit of £27K which will be subject to tax as an income.
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Aren't you suggesting SISU sell the horse for £3K?
 
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SkyBlueZack

Well-Known Member
How can a club with an asset of 10 million be worth 2 million? Are you seriously telling me that SISU would sell for 2 million knowing they could get 10 for Maddison? Maybe 2 million for RCC if he maintains a level of consistency until the end of the season. They could sell them two for 12 million and just liquadate? Then factor in the golden share value. You cling to certain info because it suits your argument. You put the club down at any given opportunity. Why don't you just become a full time wasps fan. There welcome to you!
 
italiahorse

italiahorse

Well-Known Member
chiefdave said:
Doesn't really work like that. Anyway the £2m is a meaningless number. If SISU were to sell us for £2m it would be with the debt still in place. What you're really looking at is someone paying a £1 for the club and making SISU / AVRO a pence in the pound offer on the debt.

No one in their right mind is going to take on the club, at any price, and still have to service £60m of debt and no stadium. Only way that will happen is if a Cov fan becomes a billionaire and is happy to chuck the money away to sort the club out.
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So Sisu are putting debt into the club ?
 
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SkyBlueZack

Well-Known Member
Thing is I'm not an accountant and don't proclaim to be. I asked you a question Italia and you didn't answer it. Now if you have the answer why not answer?
 
Nick

Nick

Administrator
italiahorse said:
It's not shit, you just don't understand accounting. Check the accounts.

I bought a horse for £3K, broke it in and schooled it to be a top show jumper that competes and beats horses valued at £30K.
On my books it is worth £3K.
If I sell it for £30K I will make a profit of £27K which will be subject to tax as an income.
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If the horse is winning prize money to keep it's vet's bills, feed, tack etc so it isn't costing you anything. You wouldn't sell it for £3k would you? You would probably wait until somebody made you the right offer.
 
chiefdave

chiefdave

Well-Known Member
italiahorse said:
So Sisu are putting debt into the club ?
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Eh? SISU, Avro, Otium, whatever random name they are using, are owed somewhere in the region of £60m. Whoever buys the club will still owe that, same as ACL still owed CCC when they were taken over by Wasps.

Now I don't believe anyone will pay that debt back as part of a purchase or will take the club on with that level of debt so it will be a case of how much they want to walk away and write the debt off and that's not going to be £2m. They could make more than that through liquidation!
 
torchomatic

torchomatic

Well-Known Member
Nice to see we're getting bigger crowds than them now.
 
CJ_covblaze

CJ_covblaze

Well-Known Member
To be fair to them with what they're charging (not OTT for a Prem side) they don't need what some would consider being huge crowds. Get the impression they're more than happy with what they are getting.
 
D

Deleted member 5849

Guest
CJ_covblaze said:
Get the impression they're more than happy with what they are getting.
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Wouldn't be good PR for them to say anything else just atm however. They're in a position where success needs to beget success, and any hint of doubt would be an issue.

That's not to say they *aren't* happy, but I'd be amazed if noises were anything other than they were, even if it was all crashing down behind the scenes.
 
CJ_covblaze

CJ_covblaze

Well-Known Member
Deleted member 5849 said:
Wouldn't be good PR for them to say anything else just atm however. They're in a position where success needs to beget success, and any hint of doubt would be an issue.

That's not to say they *aren't* happy, but I'd be amazed if noises were anything other than they were, even if it was all crashing down behind the scenes.
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Didn't mean publicly but get what you're saying. I guess they'll look at each game year on year over a sustained period.
 
D

Deleted member 5849

Guest
CJ_covblaze said:
Didn't mean publicly but get what you're saying. I guess they'll look at each game year on year over a sustained period.
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Even privately, they'd be fools if they said otherwise at present.

Too much at stake until they establish themselves to let any kind of doubt creep in.
 
Grendel

Grendel

Well-Known Member
Good to see a couple of phone in callers were lambasting the fact wasps were getting too much coverage. Even Nigel was sounding in good form on the topic.
 
italiahorse

italiahorse

Well-Known Member
Grendel said:
Good to see a couple of phone in callers were lambasting the fact wasps were getting too much coverage. Even Nigel was sounding in good form on the topic.
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To be honest any mention is too much for some fans.
I don't know where it was said that they are the biggest club in Coventry but in the smaller world of rugby they are a big team.
 
stupot07

stupot07

Well-Known Member
CCFC said:
No they got 16k for there biggest game of the season, a must win European decider. A match which was described by a wasps fan of the equivalent of playing real Madrid in football
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Didn't they get 22k for the same fixture last season, that's a 27% reduction within 12 months.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors :)
 
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