Another nice positive article in the CT (23 Viewers)

[chiefdave]

http://www.coventrytelegraph.net/sp...s/coventry-city-must-self-sufficient-11367330

Appreciate its an opinion piece but surely these things should be subject to even a tiny bit of fact checking.

Or is it just a free for all and anyone can send in a load of made up rubbish and they'll print it?

 

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[Otis]

Or is it just a free for all and anyone can send in a load of made up rubbish and they'll print it?

That sounds like the editorial team at the Daily Mail.

 

[Nick]

It's a pr war again isn't it, still banging on about ticket prices.

Surely if he wanted to know if sisu were making money he could check the accounts?

 

[The Gentleman]

http://www.coventrytelegraph.net/sp...s/coventry-city-must-self-sufficient-11367330

Appreciate its an opinion piece but surely these things should be subject to even a tiny bit of fact checking.

Or is it just a free for all and anyone can send in a load of made up rubbish and they'll print it?

This is a serious question, if you hate the CT so much, why do you read it? I cannot stand certain papers and just will not pick them up for the shite they write

 

[Nick]

This is a serious question, if you hate the CT so much, why do you read it? I cannot stand certain papers and just will not pick them up for the shite they write

Because it's the paper reporting about our football team.

Is also frustrating that the local paper doesn't seem to like the club very much.

 

[stupot07]

That's an awful article

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[Nick]

It would be interesting to hear where he thinks the money is going and how..

 

[Nick]

Didn't we pay for Jones?

You can guarantee the word on the street will be sisu are making millions now

 

[The Gentleman]

Because it's the paper reporting about our football team.

Is also frustrating that the local paper doesn't seem to like the club very much.

But that doesn't mean you have to read it if people really hate it that much. I don't hate the CT but don't like it either, I just don't read it. There has been reports about us in other papers I cannot stand and I won't read them.

 

[Ian1779]

Thought they would have done a report from Sandy Park...

#burythebadnews

 

[dongonzalos]

It's a pr war again isn't it, still banging on about ticket prices.

Surely if he wanted to know if sisu were making money he could check the accounts?

Do you think he is part of a PR war?

 

[tisza]

juggy:clown:

 

[tisza]

Surely if he wanted to know if sisu were making money he could check the accounts?

same accounts that still fail to show anything like a 60 million investment

 

[dongonzalos]

So does he make any valid points?

 

[Nick]

Do you think he is part of a PR war?

this article is being used in one.

 

[Ian1779]

Trouble is don they are buried in his misinformed opinion. It's a lazy article with little effort to say anything positive.

 

[Nick]

It's another case of the loudest not always being correct.

It doesn't say how much he thinks they have pocketed off player transfers.

The scary thing is, shit like that is taken as fact and will be repeated.

 

[stupot07]

Hes just tweeted we only pay 40% of our turnover on wages, his the hell he knows I'll never know, the last accounts 14/15 say our turnover was around £4.7m and staffing costs were £5m.

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[Galey]

The article is quite accurate, what about season ticket prices tne increases do hit the loyal supporters but as Juggy says he supports encouraging ways of increasing support from younger supporters. What has happened to the money received from transfers it certainly has not been invested in the team?

As a hedgefund they pay a return to their investors in the current market an annual return of 5% would be seen as being good. Let us believe that Sisu has invested £50m in the club then they need an an ual repayment to their investors of £2.5m. This is not unlike the bond introduced by Wasps other than we know exactly what the terms and conditions are with thst bond but we are totally in the dark about the financial dealings of Sisu and/or CCFCc.

I reckon the mathematics outlined by Juggy make a lot of sense, Sisu is able to cover their investment I bet they were annoyed when they lost their 2018 repayment when he failed to sign and joined Everton. What will happen to this plan when the Club loses Cat 2 status for the Academy.

 

[Nick]

So if he is correct can you point it out in the accounts where the money is?

Will be interesting to know when it was written, still going on about season ticket prices and not mentioning the fee for Jones..

Season tickets are pretty much what they were before the discount last session.

Have they actually been taking 2.5 million a year out of the club?

 

[sticker]

Didn't we pay for Jones?

You can guarantee the word on the street will be sisu are making millions now

£25000 i believe, not a great deal for the money received mind from our previous sales

 

[Ian1779]

The article is quite accurate, what about season ticket prices tne increases do hit the loyal supporters but as Juggy says he supports encouraging ways of increasing support from younger supporters. What has happened to the money received from transfers it certainly has not been invested in the team?

As a hedgefund they pay a return to their investors in the current market an annual return of 5% would be seen as being good. Let us believe that Sisu has invested £50m in the club then they need an an ual repayment to their investors of £2.5m. This is not unlike the bond introduced by Wasps other than we know exactly what the terms and conditions are with thst bond but we are totally in the dark about the financial dealings of Sisu and/or CCFCc.

I reckon the mathematics outlined by Juggy make a lot of sense, Sisu is able to cover their investment I bet they were annoyed when they lost their 2018 repayment when he failed to sign and joined Everton. What will happen to this plan when the Club loses Cat 2 status for the Academy.

He barely managed 3 words acknowledging the new deal for young fans. He comments about the notion of self sufficiency - yet seems to think the club has no costs other than player wages or transfer fees.

Not quite sure how you can relate anything to the Wasps bond deal really?

With respect Juggy hasn't done any Maths... Just randomly picked some numbers out of the sky.

 

[Nick]

£25000 i believe, not a great deal for the money received mind from our previous sales

Where's that from? Very low though considering we fought off competition and they were turning down 200 plus last autumn

Do we not think if the club were making money and taking money out for themselves it would have been headline news in the telegraph?

 

[chiefdave]

This is a serious question, if you hate the CT so much, why do you read it? I cannot stand certain papers and just will not pick them up for the shite they write

I don't hate the CT for a start, just wish they would support our club. And its not like we have numerous options as far as local media goes.

 

[stupot07]

£25000 i believe, not a great deal for the money received mind from our previous sales

No chance its that low, they rejected higher offers from Charlton (£250k I believe) and other clubs.

We don't actually know how much we got up front for maddison, and how much of that mowvray wasted on wages for the likes of Henderson and hunt, et

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[chiefdave]

The article is quite accurate, what about season ticket prices tne increases do hit the loyal supporters but as Juggy says he supports encouraging ways of increasing support from younger supporters. What has happened to the money received from transfers it certainly has not been invested in the team.

That's what I mean a simple bit of fact checking and he would know what he was asserting in the article was wrong. But now its been published in the CT it will be taken as fact.
Season tickets have reverted to what they were previously as enough season tickets were sold to impact walk up but not enough to cover the lower price. That meant the club didn't have the funds to cover the seasons budget which led to the sale of Maddison.
And of course transfer money doesn't come in all at once it is paid in instalments.

This is not unlike the bond introduced by Wasps other than we know exactly what the terms and conditions are with thst bond but we are totally in the dark about the financial dealings of Sisu and/or CCFCc.

The bond issue has a guaranteed interest rate doesn't it? A hedge fund investment is high risk high reward.

I reckon the mathematics outlined by Juggy make a lot of sense, Sisu is able to cover their investment I bet they were annoyed when they lost their 2018 repayment when he failed to sign and joined Everton. What will happen to this plan when the Club loses Cat 2 status for the Academy.

The maths don't match up with what's in the accounts so how can they make sense?

 

[chiefdave]

Hes just tweeted we only pay 40% of our turnover on wages

I'm sure the club are giving him access to full details of our turnover and every players wages.

 

[Covstu]

Think our season tickets are reasonable myself

 

[sticker]

No chance its that low, they rejected higher offers from Charlton (£250k I believe) and other clubs.

We don't actually know how much we got up front for maddison, and how much of that mowvray wasted on wages for the likes of Henderson and hunt, et

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as with all of Sisu;s dealings, its undisclosed so we will never know, £300k from Charlton so you are nearer the mark

 

[Nick]

as with all of Sisu;s dealings, its undisclosed so we will never know, £300k from Charlton so you are nearer the mark

You just said it was 25k

 

[Nick]

Is this like juggys win bonus rumour that came out just before we won a few games?

 

[chiefdave]

Think our season tickets are reasonable myself

Didn't someone go through all the clubs and ours are still on of the cheapest?

 

[dongonzalos]

this article is being used in one.

But if he wrote in and they didn't publish it, would that be right?

 

[stupot07]

as with all of Sisu;s dealings, its undisclosed so we will never know, £300k from Charlton so you are nearer the mark

You just said it was 25k

Yes you did...

£25000 i believe, not a great deal for the money received mind from our previous sales

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[Nick]

But if he wrote in and they didn't publish it, would that be right?

If it's full of errors and incorrect facts, then yes