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Yes one sense yes ....... but also indicates that what SISU backing really is ie simply doing enough to keep it going

Yes or converted in to preference shares which are non voting shares that act as a form of loan in simple terms. One of the loans (£6m) attract interest at 19.5% APR another £1.8m at 11.4% APR and a third £1.2m at 14.8% APR. Interest added to the debt each year so far The preference shares...

Since SISU arrived the net amount from player sales less player purchases is over £13m paid in to the club to keep it going

They would want to sell at a decent price but it will depend on circumstances at the time so could be either in the end

I suspect the only support they have given MR is an undertaking not to draw down any of the funds for now

either proceeds from ensuing legal cases if successful in EC claim or some kind of settlement and then sale of the team sufficient to clear their actual losses not the paper ones

have they ? or did he just sell other players to finance it and keep going?

No they don't in the published accounts It is the unpaid interest on the loans that is added to the debt

It would be unfair to simply say SISU have been all bad. There are things like cost control that they have improved, the club is more stable, recovering not just from previous owners instability but also the instability SISU had a large part in creating under their tenure Day to day running of...

Whilst i agree there is a disparity between the PL and the rest it is not the reason clubs fail lower down the pyramid. The vast majority of clubs have very little or no chance of getting to the PL, it is not even a dream for them but complete fantasy. So what do they contribute to the PL...

Not much they can do with the Bury & Bolton situations now, things have to run their course. It is not however like this has suddenly happened, it has been building for years at both those clubs, which begs the question how many other clubs are heading in the same direction. Everyone, EFL...

Fair enough duffer :) but the bond price doesn't cause them a day to day issue.

It has been tested in court and HMRC lost on more than one occasion. The rules of the closed competition that is the efl appears to take precedence. Those rules specifically put the agreement to the football creditors as a condition of membership. It wont change because the clubs owners would...

Feel sorry for the Bolton and Bury fans there but for the grace of god could have been us However I dont agree that a football club should be a special case when it comes to running a failing business. Cant think of any other failing companies who can circumvent paying its creditors by invoking...

Potential buyers at bury have pulled out. Doesn't look good for the shakers

No I do not see a split partnership happening and therefore working. Both sides are essentially rocky on the finances why combine and risk it all. Going to involve wasps giving / selling up 50% for sisu or ccfc to be interested. Wasps wont want to give up control and sisu/ccfc wont want...

Either way wasps do not pay out 20% of revenue each season to the bond holders, or to any other loan provider or cvc

I agree it is confusing and past history suggests CVC do well out of such arrangements. Going to depend how CVC can market the competition I guess. You would think that the contract wouldn't leave the clubs worse off each year but who knows . The post I replied to was on about the loans though

Just a few comments on what he said. A month or so ago he was saying that finances had been planned around season tickets of 2500 because of the f&b income being so much better. Now we might be struggling by January? Is he still talking with any purpose or because it keeps the NDA agreement on...

Depends if wasps can convince them that other things will to any degree replace footfall. The casino core business is not football fan income. Made a post a week or two ago giving my take on potential casino loss Delaware will be able to control their margins better etc. Vodafone get their 5g...