Sisu and the £1m? (2 Viewers)

[The lost fan]

To put it simply, they must be funding the club. There's no magic money paying the players and staff wages for a start, and they are making fuck all on ticket sales.
So how can anyone of sane mind say they aren't funding the club.
They are bellends, that we know, but to say they aren't funding the club is total lunacy.

And any idiot can see the only money being spent is whats self generated from transfers , cup runs ect , not
an open cheque book !

 

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[The lost fan]

Nothing wrong with using the money to fund the clubs losses. However, it means that sisu aren't funding all the losses. Therefore that particular credit to sisu can't be given.

They can't have it both ways, wanting praise for funding the losses whilst using money generated from unexpected windfalls to fund it.

My point exactly !!!!!!!!!!!!

 

[hill83]

Well, no. Because I agree with what bigfatronssba has said. Your point as you've just written above is that they aren't funding the club with their own money at all.

 

[edgy]

We all want a club that is self sufficient, right?

 

[hill83]

We all want a club that is self sufficient, right?

Yep. And the club is in no way self sufficient.
And for anyone to say that Sisu aren't putting extra money in on top on a little cup run and selling a player, is basically saying the club is self sufficient.
Which is complete lunacy.

 

[The lost fan]

Well, no. Because I agree with what bigfatronssba has said. Your point as you've just written above is that they aren't funding the club with their own money at all.

Oh I see so you just looking for an argument ! ....... Cock of the highest order !

 

[hill83]

Oh I see so you just looking for an argument ! ....... Cock of the highest order !

What are you talking about. Someone help me out here. For fuck sake.

And you are the one who came in taking the piss out of me when I said I wasn't sure what someone meant.

 

[ajsccfc]

Someone take his map and compass away again.

 

[Godiva]

Nothing wrong with using the money to fund the clubs losses. However, it means that sisu aren't funding all the losses. Therefore that particular credit to sisu can't be given.

They can't have it both ways, wanting praise for funding the losses whilst using money generated from unexpected windfalls to fund it.

You are confusing me.
I thought losses was something like if costs were greater than income. I also thought income could be something like proceeds from cup games and even player trading.

But you seem to suggest something different?

 

[bigfatronssba]

You are confusing me.
I thought losses was something like if costs were greater than income. I also thought income could be something like proceeds from cup games and even player trading.

But you seem to suggest something different?

What do you think I'm suggesting?

My understanding of accounts is that at the start of the financial year the clubs budget will have been set, at which point we are told sisu would be funding the losses for the coming year.

Now it would seem that they have had an unbugeted windfall, of which they have decided to use that money to plug the losses so they themselves do not have to.

Therefore sisu aren't funding all of the budgted loss.

 

[Jack Griffin]

Yep. And the club is in no way self sufficient.
And for anyone to say that Sisu aren't putting extra money in on top on a little cup run and selling a player, is basically saying the club is self sufficient.
Which is complete lunacy.

Even if it is that isn't going to repay their investors, eventually they'll want to realise a profit, and maybe then Joy will have to fess up she screwed up big time.

 

[Sky Blue Pete]

Hill-I mean why are they continuing to fund the club? What's in it for them?

 

[hill83]

Hill-I mean why are they continuing to fund the club? What's in it for them?

Ah, Ok, difficult to say. They must be telling some serious lies to their investors.
I'd guess the original plan was premier league football, which obviously has failed spectacularly. But the investors want that money back, so they can't just fuck it all off and leave.
If they were in the position to cut their losses and go I've no doubt they would have a couple of years ago.

 

[Godiva]

What do you think I'm suggesting?

My understanding of accounts is that at the start of the financial year the clubs budget will have been set, at which point we are told sisu would be funding the losses for the coming year.

Now it would seem that they have had an unbugeted windfall, of which they have decided to use that money to plug the losses so they themselves do not have to.

Therefore sisu aren't funding all of the budgted loss.

You can't really forecast a cup run - can you?
And you can't really forecast proceeds from player trading.
We also don't know how much we are paying for for the loans.
We also don't know how much they have forecast as income from ticket sales at sixfields and if they have been over-optimistic.

I think there are too many variables to guesstimate if the recent windfall will result in sisu ends up financing less than they expected.

What we do know is they have recently injected a substantial amount as equity ... not as loans.
That means they ARE financing the club and not pocketing anything.

 

[Astute]

What do you think I'm suggesting?

My understanding of accounts is that at the start of the financial year the clubs budget will have been set, at which point we are told sisu would be funding the losses for the coming year.

Now it would seem that they have had an unbugeted windfall, of which they have decided to use that money to plug the losses so they themselves do not have to.

Therefore sisu aren't funding all of the budgted loss.

Or would another player have been sold like Moussa or Christie have been sold without the money for the Arsenal game?

We will never know their plans.

 

[Sky Blue Pete]

Ah, Ok, difficult to say. They must be telling some serious lies to their investors.
I'd guess the original plan was premier league football, which obviously has failed spectacularly. But the investors want that money back, so they can't just fuck it all off and leave.
If they were in the position to cut their losses and go I've no doubt they would have a couple of years ago.

True. Really thinking of going to sixfields to spend the 90 minutes shouting and singing about what's going on. Nothing more than just embarrassing myself and fisher. Coventry city it's in the name!!

I think I understand that if you get £30m you can agree to pay back £40m in 10 years time but surely at some point during that time you think shit this isn't gonna happen here

 

[bigfatronssba]

You can't really forecast a cup run - can you?
And you can't really forecast proceeds from player trading.
We also don't know how much we are paying for for the loans.
We also don't know how much they have forecast as income from ticket sales at sixfields and if they have been over-optimistic.

I think there are too many variables to guesstimate if the recent windfall will result in sisu ends up financing less than they expected.

What we do know is they have recently injected a substantial amount as equity ... not as loans.
That means they ARE financing the club and not pocketing anything.

so you agree its a windfall for sisu rather than the club?

 

[hill83]

True. Really thinking of going to sixfields to spend the 90 minutes shouting and singing about what's going on. Nothing more than just embarrassing myself and fisher. Coventry city it's in the name!!

I think I understand that if you get £30m you can agree to pay back £40m in 10 years time but surely at some point during that time you think shit this isn't gonna happen here

The outcome of the judicial review (the fact I'm even typing that on a football forum pisses me off) will be a massive factor.
If they lose it they'll be starting an exit strategy. That when the rest of the shit will hit the fan.

 

[Nick]

so you agree its a windfall for sisu rather than the club?

Surely it means they need to put less in or whatever?

 

[Godiva]

so you agree its a windfall for sisu rather than the club?

Ah - rethoric!
I believe sisu's investors own the club. And in that sense they own profits as well as losses.

 

[Sky Blue Pete]

I fear if they lose the jr that they will just appeal and the delay will hammer another few nails in the slow death taking place but I think the nail has been hit on the head

 

[Godiva]

The outcome of the judicial review (the fact I'm even typing that on a football forum pisses me off) will be a massive factor.
If they lose it they'll be starting an exit strategy. That when the rest of the shit will hit the fan.

Don't you think their 'exit strategy' in case they lose the JR is to simply hand over the keys to ARVO?

 

[hill83]

Don't you think their 'exit strategy' in case they lose the JR is to simply hand over the keys to ARVO?

No idea.

I'm not even going to pretend to know.

 

[ExmouthNeil]

This forum in smilies......

:welcome:... :sarcasm:... :laugh:... ... :thinking about:... ... ... ointlaugh:... :jerkit:... :slap:... ... :facepalm:... ...

Then it starts all over again.......

 

[No future with SISU]

They probably put in their back pocket, robbing bastards.

I joke

Correct

 

[No future with SISU]

To put it simply, they must be funding the club. There's no magic money paying the players and staff wages for a start, and they are making fuck all on ticket sales.
So how can anyone of sane mind say they aren't funding the club.
They are bellends, that we know, but to say they aren't funding the club is total lunacy.

For the first time they have to pay the wages as they are not getting in money on the gate and sponsorship will be drying up, so now they are not getting any money out of the club it is only a matter of time as to how long they can carry on with no money comming in and haveing to raise funds to keep paying wages and no profit for their investers.

 

[Godiva]

For the first time they have to pay the wages as they are not getting in money on the gate and sponsorship will be drying up, so now they are not getting any money out of the club it is only a matter of time as to how long they can carry on with no money comming in and haveing to raise funds to keep paying wages and no profit for their investers.

Have they gotten any money out of the club before?
I thought they had put in something like £30m+.

 

[No future with SISU]

What do you think I'm suggesting?

My understanding of accounts is that at the start of the financial year the clubs budget will have been set, at which point we are told sisu would be funding the losses for the coming year.

Now it would seem that they have had an unbugeted windfall, of which they have decided to use that money to plug the losses so they themselves do not have to.

Therefore sisu aren't funding all of the budgted loss.

They would have done a forecast at the start of the season and as Fisher forecast 3,000 to 7,000 gates their figures are way.

 

[Stafford_SkBlue]

Its so easy to answer thus question - it will go to run the football club - will mean that Sisu will have less to fund this season.


Comment such as for the "first time they have to pay the wages" - where do you think the shortfall on income over expenditure has come from for all the previous seasons.
I can only think Coventry supporters are so naive and brainwashed by a few on this forum.

 

[Specs WT-R75]

They would have done a forecast at the start of the season and as Fisher forecast 3,000 to 7,000 gates their figures are way.

This extra money has probably balanced the books for the next 2 years or so... basically enough time to see out the JR and whatever comes with it.

 

[Jack Griffin]

Have they gotten any money out of the club before?
I thought they had put in something like £30m+.

Some of that is loans with what looked like £1Mpa interest charges (per 2012 SBS&L group accounts)

Add up £500K for Clarke , £750K for cup and £750K for Sixfields income, less £250K Sixfields & Travel costs, £500K academy subsidy, £2M wages, that is a net loss of £750K, even without paying their loan providers.

 

[rondog1973]

Ah, Ok, difficult to say. They must be telling some serious lies to their investors.
I'd guess the original plan was premier league football, which obviously has failed spectacularly. But the investors want that money back, so they can't just fuck it all off and leave.
If they were in the position to cut their losses and go I've no doubt they would have a couple of years ago.

Said before about this, Ranson was obviously entrusted as the footballing mastermind who was going to oversee our breezy ascension into the Premier league. He fucked up big time, so Joy got rid.

We now have her pulling the strings, applying hard nosed business practices in a desperate attempt to obtain the Holy Grail of the Ricoh, as only the acquisition of this could possibly financially satisfy the investors.

 

[stupot07]

so you agree its a windfall for sisu rather than the club?

Is it? Surely it's a windfall for the club, which means sisu have to put in £500k-1m less, meaning the club accumulate £500k-1m less debt this season than they would have done, which in turn means lower additional interest?




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

 

[stupot07]

Some of that is loans with what looked like £1Mpa interest charges (per 2012 SBS&L group accounts)

Add up £500K for Clarke , £750K for cup and £750K for Sixfields income, less £250K Sixfields & Travel costs, £500K academy subsidy, £2M wages, that is a net loss of £750K, even without paying their loan providers.

A b category academy costs c£1m so we will be contributing another £100k, plus VAT, medical, insurance, upkeep of Ryton, agent fees, scout networks, etc. we will also be paying off thorn, possibly still Boothroyd & players we've bombed out, plus all the non football staff wages, etc. losses will be a lot higher than £750k even without paying back loan providers


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

 

[Warwickhunt]

They probably put in their back pocket, robbing bastards.

I joke

No but I think that they now have sufficient funds ti ride the NOPM campaign by the stay away fans. It's pretty futile now