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  1. oldskyblue58

    QPR Ratings

    Every manager has a sell by date but I think the owners will stick with him, especially if we end up in league 1 I think myself that championship is a step too far for him. If we stay up and begin badly next season I think he will be gone We as a team are in the championship probably 2 or 3...
  2. oldskyblue58

    QPR Ratings

    Marosi 6 +despite the 3rd goal Osti 6 McCallum 6 The rest 4 at best Da Costa is never a wing back 2 The subs a collective 5 at least they tried to compete, showed some desire and pride Robins. Set it up all wrong and after two weeks off had a weak plan and failed to inspire 3
  3. oldskyblue58

    Match Thread QPR

    That was awful. Didn't start playing until QPR had comfortably won it. Then flattered to deceive for 10 mins after substitutions only to blow it further. Much easier to play when the other team takes their foot off the gas. No passion No energy No organisation Too many individuals below par...
  4. oldskyblue58

    Match Thread QPR

    I think we will get at least a point today. Its a tough game but they are not unbeatable
  5. oldskyblue58

    Wasps losses and ricoh return catalyst

    Entitled to your opinion of course. I just dont agree. These are not "normal" football club owners. There is some tough hard fiscal budgeting going on with little leeway. They don't do anything on a whim or for ego...it is hard cold finance Since 2015 sisu have made loans to otium of 1.53m...
  6. oldskyblue58

    Wasps losses and ricoh return catalyst

    sort of ...... it will be their choice whether to extract all or just part of surplus cash. It is the cash flow that is important not the profit on P&L account in this respect
  7. oldskyblue58

    Wasps losses and ricoh return catalyst

    Not a chance for so many reasons. But a few...... - He is rich but not that rich - he would still have to pay for the purchase and fund the club - "not fit for purpose" ? a sports stadium with events halls etc that is putting on sport and events?. It hasnt been successful because of the cost of...
  8. oldskyblue58

    Wasps losses and ricoh return catalyst

    It isnt sisu's business though - not sure I can make it any clearer. They are fund managers with a responsibility to extract profits and gains for their investors. Ccfc is and always has been secondary to that. You keep referring to Dann and Fox but the club operates in a completely different...
  9. oldskyblue58

    Wasps losses and ricoh return catalyst

    The fact that they have a 10 year agreement and therefore stability would add to overall value of otium without showing in the balance sheet. Should they look to sell.
  10. oldskyblue58

    Wasps losses and ricoh return catalyst

    It's not my valuation it is the clubs and confirmed by the Auditors in the last accounts. It is based on the current of the site which is a sports field with a relatively small two storey building, for sports use. If it were residential it would have a much greater value.
  11. oldskyblue58

    Wasps losses and ricoh return catalyst

    Final thought We accrued 2m interest in 2019 and broke even to all intents and purposes. It included 4m player sales profits. With no debt or interest to pay then the value of the club increases, and assuming what in football terms are modest player sales the club is profitable. How much...
  12. oldskyblue58

    Wasps losses and ricoh return catalyst

    But your premise looks at it from a football perspective, I am not at all sure that sisu look at it primarily from that perspective. They have already proven that it was possible to extract significant funds in league 1 with moderate success, it will be interesting to see what was extracted in...
  13. oldskyblue58

    Wasps losses and ricoh return catalyst

    And yet in 2019 accounts there was 4.4m player sales income actually received allowing their income extraction. Then in the promotion season I suspect the figure could be higher with the sales of Chaplin, Bayliss and McCallum. All done on successful seasons in league 1 The driving force for...
  14. oldskyblue58

    Wasps losses and ricoh return catalyst

    Kind of depends if we accept the 50m bid from Real Madrid for Hamer or not :ROFLMAO::ROFLMAO::ROFLMAO:
  15. oldskyblue58

    Wasps losses and ricoh return catalyst

    Broadly yes. However the loan from ARVO/SMF up until 31/05/2019 was 8.8 capital loan plus accruing interest £7.7m. (Have had the chance to check figs in accounts not do from memory) The charge to interest in the p&l account was 2.1m (including 350k of tax provision due to hmrc when interest...
  16. oldskyblue58

    Wasps losses and ricoh return catalyst

    In the last financial statements well under £400k. However if sold for residential development it should be worth a fair bit more. Fisher suggested previously a figure under 2m for such a disposal I think
  17. oldskyblue58

    Wasps losses and ricoh return catalyst

    I don't think so but that doesn't mean they couldn't be. However...... I think most if not all investment has come usa, middle east and far east. The original investors who I think you allude to have lost their money as it is locked in to sbs&loss and by the shuffling of funds and losses. So I...
  18. oldskyblue58

    Wasps losses and ricoh return catalyst

    I agree. If you look at the 2019 accounts I think we saw the start of that process. That year they extracted 1.5m of the accrued interest total from the club. That meant income for investors and for sisu by taking their cut of fund income. The covid crisis delayed that plan but I see no reason...
  19. oldskyblue58

    Wasps losses and ricoh return catalyst

    that's how i would see it yes. ARVO rates of interest are over 10% i believe so not going to happen quick. Last time they had ability to with drow funds they mainly took out the interest due
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