Search results

Assuming sisu have not been putting money in to the club in the 2021 or 2022 accounts, then the only way that MR gets an annual budget is by selling players. If he sells anyone now then it appears in this years budget reconciliation. That means player sales will be targeted for the summer so we...

If they put 2m in then history says it would be loan debt. That's 2m increase They could put in at 0% interest but again history says they wouldn't. That's at least 200k pa interest adding to debt first year and compounded up from there. Interest charge increases losses and debt. As for fit...

I don't think it will happen but a modest inflow of funds from the owners would be welcome of course. But eyes wide open That equals more debt That equals bigger interest charges not just this year That equals more spent on wages not just this year but 2 to 3 years Doesn't guarantee anything...

Yes 1m in the bank and no income coming in for 2 to 3 months with wages etc to pay

Their choice isn't it

The club operates to highlight and increase value of a number of players not all players. Otherwise players like mcfadzean, Kelly etc do not get a contract. Think you will find Brentford will be doing exactly the same, but operate with no graded academy As for Brentford Peterborough Blackpool...

Except there wasn't the cash available to pay the interest which is why it is rolled up as increased debt each year. If the cash wasn't there to pay it how do you transfer anything to the player budget to pay 45k pw in physical actual payments?

I assume from Richardson. In year of purchase he put 4.7m in to wasps for starters

They took on all the debts and all of the assets of acl group at the date of purchase for 5.77m. That is the basic meaning of a share sale. That includes acl debt to council at date shares sold to wasps. That part of the bond finance replaced the council loan like for like and in effect...

To add to grendels point Wasps never paid 20m. They purchased the acl shares 5.77m. They then purchased the long lease for 1m. Total they paid was 6.77m. The CT article is misleading and inaccurate The loan 15.1m already existed within the acl accounts. It formed part of the valuation of the...

Might have been cold but thoroughly enjoyable game to watch today. It ebbed and flowed. Cov had the better of the first half, Hartpury the better of the first 20 minutes or so of the second. After that it was even stevens with a good ebb and flow. Cov won it with a last kick penalty 34 : 33...

The non filing has happened several times in the past on all ccfc companies. The confirmation statement has to be filed each year, is an administrative form and the fee is £13 Nothing to get excited about to be honest, just highlights some poor internal administration

Simply put any and every asset otium has now or in the future. They put money back in during 2019- 20 and the original charge from 2013 might not have covered that. Have to wait to see what it all means, could be all sorts of things. It could be new loans but unless we see MR bidding for...

Not concerned by the non filing of the sbsl confirmation statement that can be brought up to date in a matter of minutes and the striking off action cancelled. Think the charge (a) tightens the ARVO grip (b) ensures that any additional funds are secured properly. Not about to get excited...

Sorry wasn't meant as any sort of criticism just adding to what you put. That 1m in reserve was at 31/05/2020 and the club had obligations to pay at least that in transfer fees although they were also due some too. The efl loan wasn't received until May 2021. Not sure if there would have been...

I think the fact that they could choose not to charge interest at all but instead charge rates at between 11% and 20% points to the main driving force behind any business decisions that SISU make...... it is all about the investors. No the interest isnt paid out but in the SISU client investment...

Happy new year all :) stay happy and well PUSBs

https://www.gov.uk/government/publications/coronavirus-covid-19-vaccine-adverse-reactions Lot to read in first document but the conclusion seems pretty clear. The risks of not being vaccinated and dying are far far higher than the risk from dying from an adverse reaction to the vaccine. The...

Happy Christmas all 🎄 🎅🍻 Stay safe and well

I think the bigger risk is that with above budget crowds the owners decide to extract some return that squeezes the budget. Couple that with an increase in budget is only possible with the sale of our better players. That could make things difficult next season I think the squad we have is...