43 million and they Fokked it up. (1 Viewer)

[Flying Fokker]

Did they really lose 43 million? I doubt it. Paper accounting.

Interesting to know what the accountant professionals views are on this 43 million.

Long live City.

 

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[coundonskyblue]

I think they have. I think they really are that incompetant that they have wasted all that money. Well done Sisu, your investors must be delighted.

 

[shy_tall_knight]

£43 million never, management fees to the holding company, interest at above market rates for loans from the holding company, I doubt they would have been allowed to continue throwing more bad money after this venture by their investors.

 

[cloughie]

£43 million never, management fees to the holding company, interest at above market rates for loans from the holding company, I doubt they would have been allowed to continue throwing more bad money after this venture by their investors.

That about sums up alot of it, just never paid by CCFC but accrued as a debt

 

[The soothsayer]

I remember when £43 million was regarded as a lot of money..

 

[Nonleagueherewecome]

I remember when £43 million was regarded as a lot of money..

I've been watching the repeats of Bergerac lately; in that they use "£5,000" as they would £43m today!

 

[coundonskyblue]

I've been watching the repeats of Bergerac lately; in that they use "£5,000" as they would £43m today!

Try watching Pointless on BBC1. The prizes on there will make you believe your back in the days of Bergerac.

 

[georgehudson]

all of this guff from s*su about xxx million pounds invested, when have / has these figures ever been explained or justified,
a figure plucked from where,
i seem to remember a projected £4m loss in the season we had a cup run & played Blackburn & Chelsea, & we were then given a figure of a £9m loss,
but no explanation

 

[sky blue john]

spent 43 million and never once got us near the play offs seriously incompetent!!!!

 

[oakey]

Rearrange the words, evasion, laundering, tax, creative, money, dummy, corporation and accounting.
There's your £43 million or whatever figure you decide.

 

[chiefdave]

all of this guff from s*su about xxx million pounds invested, when have / has these figures ever been explained or justified,
a figure plucked from where,
i seem to remember a projected £4m loss in the season we had a cup run & played Blackburn & Chelsea, & we were then given a figure of a £9m loss,
but no explanation

good chance we'll find out soon exactly how much when the administrator comes in and declares who's owed what. if SISU have but in that much and it still showing as owed to them we could have a major problem. they will be by far the biggest creditor and can therefore block any CVA. if we come out of admin without one being agreed we're looking at starting next season on -25

 

[Flying Fokker]

Sad but true. Minus 25 at the start would be about the same as we threw away this year. Not too bad really!