Nick
Administrator
I am not sticking up for anybody, I just want to know the actual truths whether it is SISU, Council, ACL etc etc. Anybody who has had a part to play.
Court Cases = Player Sales (7 Viewers)
- Thread starter Nick
- Start date
I am not sticking up for anybody, I just want to know the actual truths whether it is SISU, Council, ACL etc etc. Anybody who has had a part to play.
Err no Nick, it will hardly be logged as an entry will it but no doubt somewhere along the line these court costs shall be loaded against the debts of the football club. I might be wrong in this { feel free to advise} but it would also give more credibility to liquidating the club on a whim if we continue to run insolvently. More questions would surely be asked if we were making a small profit each term.
ccfcway
Well-Known Member
Nick
Administrator
Do they have to explain what the debt is for when loading it?
Nonleagueherewecome
Well-Known Member
Come on Nick, be honest, at least with yourself: you're not explicity defending SISU, no, but you are attempting to "debunk" an argument often used by people when they are criticising SISU. By proxy, this is in effect defending SISU, don't act dumb, you know that.
Nick
Administrator
No, I am not trying to "debunk" it, I am trying to see if it is proven or truths behind it? It may well be, it may not. I don't know but would be good to know the actual truth wouldn't it?
I couldn't try and "debunk" anything if I don't know the truth could I?
Nonleagueherewecome
Well-Known Member
But surely you agree that it's impossible to know for sure? Certainly nobody posting on here knows. It seems logical to assume it's thrue though as SISU aren't exactly pumping money into the playing side, but they've taken quite a lot out of it. At the same time, they have been pissing money away on futile and ill-advised court cases almost constantly. I doubt they'd be doing that if it wasn't coming out of their "CCFC Pot".
Oh and you are trying to debunk it: you're saying "hey, lots of people keep saying this, but there's no evidence to back it up."
Debunk: http://www.thefreedictionary.com/debunk
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Nick
Administrator
No but somebody like OSB, Duffer or Godiva could give an "in theory" answer of how it could / couldn't be done rather than the "well we havent bought any players so it has gone on legal costs" type stuff.
Hobo
Well-Known Member
I haven't read all this thread so I hope nobody has already posted this.
Nick, even if transfers in and out, wages etc., balance! It may suggest transfer activity is not funding court cases. But the fact court cases are going on suggests there is expenditure and that expenditure is surely money that could be spent elsewhere?
Ian1779
Well-Known Member
It's nonsense... peddled by scaremongers and lapped up by fucking idiots.
Nonleagueherewecome
Well-Known Member
Oh well that's resolved everything. Thanks for your evidence. Oh, and you're indirect calling half the forum "fucking idiots", very subtle...
Ian1779
Well-Known Member
Indirectly....
If you can find a single shred of evidence that shows we sold a football player and that money went directly to pay for a court case I will apologise.
Until then I'll assume that we'll go on the notion of it being bollocks.
Nonleagueherewecome
Well-Known Member
Lol, yeah, you would. The rest of us will keep an open mind to a very real possibility.
Nick
Administrator
People don't seem to keep an open Mind so they? That's my point!
skybluetony176
Well-Known Member
I don't think it would make any difference either way. The money from player sales won't be getting reinvested in the team regardless of whether its paying legal bills or not. SISU gave up on the football side long ago.
Hobo
Well-Known Member
An open mind would accept, lost court cases incure expenses. A deficit therefore reduces expenditure in other areas. Simple accounts. As close to the truth as you will get Nick.
Sick Boy
Super Moderator
Doesn't this rumour come from someone who spoke to Fisher in Sainsbury's?
Hobo
Well-Known Member
The rumour probably does come from Sainsburys and probably worthless. However someone, somewhere is out of pocket or can you prove otherwise?
SkyBlueSid
Well-Known Member
The club's mad obsession with litigation simply alienates more fans. The perception that the club's money is being pissed away on hopeless law suits is bound to drive more people away. I am sick of all this rubbish detracting from what a football club is all about and it is just another reason why I am coming to the end of a 52-year association with the Sky Blues.
Fisher, Seppala &Co must be certifiably bonkers if they think they will achieve anything by pursuing this utterly lost cause. It is just another example of them running the club into the ground. To see the usual suspects still defending them here is laughable, how deluded and demented can they be to defend these fools?
Fisher, Seppala &Co must be certifiably bonkers if they think they will achieve anything by pursuing this utterly lost cause. It is just another example of them running the club into the ground. To see the usual suspects still defending them here is laughable, how deluded and demented can they be to defend these fools?
Astute
Well-Known Member
So SISU took in about 5m from the Arsenal game and transfers last season. Some went towards the poor squad we now have. Some went to the interest payments. But the legal costs come from elsewhere? :thinking about:
It is the same fookin pot. They take in as much as they can and pay out the least that they can.
Ian1779
Well-Known Member
Have the court cases affected the amount of equity that the owners would have put into the club... Highly likely
Has this impacted on the amount available for wages/transfer fees.. Highly likely
Has the club sold players to directly pay for a court case... rubbish.
There's a huge difference in the statements... you could argue about the net result, but the sensationalist statements take away from the credibility of any reasoned argument.
Has this impacted on the amount available for wages/transfer fees.. Highly likely
Has the club sold players to directly pay for a court case... rubbish.
There's a huge difference in the statements... you could argue about the net result, but the sensationalist statements take away from the credibility of any reasoned argument.
Sick Boy
Super Moderator
No I can't prove it and neither can you prove someone is out of pocket. For all we know the investors have made a profit in other areas of sisu's portfolio. Those who believe that sisu are struggling financially are naive to say the least.
Astute
Well-Known Member
But those that do have an open mind and DO blame all sides get hammered by a few for not constantly having a go at CCC....and some of those that do the hammering say they have an open mind but only have a go at CCC. Then they say about irony :claping hands:
Grendel
Well-Known Member
I walked on Mars yesterday - can you prove otherwise?
bigfatronssba
Well-Known Member
So let me just make sure I understand the general thinking here:
Money going on court cases doesn't affect the playing budget.
Money going on stadium rent does affect the playing budget,
Money going on court cases doesn't affect the playing budget.
Money going on stadium rent does affect the playing budget,
Astute
Well-Known Member
And how do you know this?
The money that SISU have lost is not their own money. They get paid by results. People invest money to make money not lose it. This is the money that they have lost. And they have lost a lot of money since taking over our club. If people have had enough of losing money they will invest elsewhere. And who could blame them. This would leave SISU with a lack of funds. Not everyone would chuck good money after bad. Not for too many years at least. And that is what SISU have been doing.
Astute
Well-Known Member
Did TF tell Spider Ricoh on the Gillingham platform that the cost of loans are higher than we perceive
Well who knows the devils I n the detail and well never see the minutes,.
Will we?
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Hobo
Well-Known Member
You are high up in the business world. If expenses are incured on a court case how can it not reduce expenditure in other areas.
Also the balance of probability suggests you never walked on Mars yesterday, it also suggests your business status is probably higher than your intelligence.
Astute
Well-Known Member
More like 1.3m rent was too high and a reason for debate even years after this was last paid and better offers were made, but interest due which is much more than this shouldn't be mentioned. And if you mention this you don't have an open mind because you blame SISU for everything.
Astute
Well-Known Member
J
Jack Griffin
Guest
shy_tall_knight
Well-Known Member
Fisher & waggot & Joy rarely consult / talk to the fans but there is plenty of effort expended by SISU on legal proceedings, with us facing relegation and about 6,000 fans actually going to our home games its clear that the majority of sky blue fans are voting with their feet regarding their judgement of SISU. Nick & Co are asking a evidence on a detailed financial question that will never be in the public domain but its a reasonable assumption that this has impacted on the playing squad. NB imagine if the effort spent on court cases had been spent on marketing the club, developing the fan base getting some stock to sell in the shop.