Search results

You can blame poor sales figures on the IT systems rather than take responsibility for alienating around 90% or 20,000 of your most loyal and unwavering support in 5 years.... Wimbledon did the same kind of thing when playing at Selhurst before becoming MK Dons. Fans boycott as a protest that...

You would imagine the two would be the same but it's more complex than that. If you invest time, personnel and skills and are employed by a different company, you could increase the level of debt by sending invoices to CCFC from the other subsidiary. Hence Sisu being 'owed' £30million from SBSL...

Couldn't tell why. Just another case of things not reconciling in the accounts. The joy of using subsidiaries to obscure and deflect. Similar to CCFC owing holdings in their accounts, but Holdings not owed anything by CCFC in theirs. To quote TF, a bit of a mess...

Can you find any documents that show they have invested £50 million in cash? No-one has to my knowledge. The costs have now been stripped back to the bare bones, so if you can find a decent manager to motivate players to over perform then you could in theory start to make profits. If you...

I seem to remember you making me do extra work BSB after my first blog post to show it wasn't £30 million of hard currency. The debt outstanding at May 2011 was £30m. But according to cashflow statements, it was nearer to £20million.

It was around £20million in May 2011. They would have funded around £3m of losses for 2012 and another £2 at least for last season. Add at least £1m for the recent legal fees. They will have invested around £26 by now. Seppala has been heavily involved this year so would expect compensation...

Sisu are responsible. Due diligence. You check things over to take on the responsibility. There is a daily telegraph (i think) article which talks about how sisu always conduct extensive background research before committing to deals. They have admitted to conducting due diligence on the...

Why do we need the CVA to be signed to lift the transfer embargo? TF and appleton think that Holdings sign and own the players. They aren't in administration.

I think PWKH was stating the position of the Higgs Trust. He's not in a position to comment on the councils opinion. I can't imagine there's a split

I think the problem for ACL is if they don't accept the CVA they loose around half a million pound and then also need to find a big chunk for future legal fees. The future of the company is then in doubt. If they do sign, small injection of cash but then the long term future is in doubt. And...

I think Fisher has only ever said they are in a mess, not incorrect. Its always a vague claim, with no detail. Never said under oath. I imagine there is a massive difference in the words 'mess' and incorrect in legal terms... The VAT registration numbers could be key in deciding which...

I think that is my first mistake in 23 blogs on the subject FFS. Thats in about 40,000 words on the subject. BTW, you have a typo in about 25 words.

Not sure where your numbers are from, but looking at them your £33m would be in the region of a a parachute payment from the Premier League and the other for a club Championship. All funded by sale of TV rights.

The FL don't have that much money. The FA and Premier League and the the top clubs keep most of it for themselves. The FL are worth about £1.2 million before pension liabilities are taken into account. They had a 'profit' last year of £160,000. They can't afford the legal battle they...

So far only the sale of assets has been completed. Thats includes the access to the golden share and the small amount of players registrations that remained at the time of entering admin. Once/if the CVA is agreed can the sale of the company be completed, and then the debt goes to Otium.

This would explain why the 'assets' have been sold to Otium in advance of the sale of the club. It gets Appleton off the hook.

Hoffmans offer could easily be interpreted as an investment of £400,000 (plus the buy-out clause at NTFC) to then gain 50% of the profit on the additional gate receipts at the Ricoh. Its a very cheeky offer that he knows SISU will never accept. Hoffman is acting as a broker between ACL and...

SISU have put money into the club over the years - at least £20 million judging by the accounts. The Admin report claimed losses of £3m to 2012. If there are no management fees paid to SISU in the expenses (which we can't be sure of), then SISU will have had to put in another £3m in hard...

SkyBlues - if you can be arsed, do you want to stick a paragraph on the comments section so your point can be added as I think its relevant? Ive been told not to update posts as it affects search engines, but not sure if thats actually true or not...

The main point that comes out of Soccernomics (for me at least) is that the manager can get a team to over perform but for the most reliable indicator for team position in the table is wages. The most unreliable indicator is transfer fees. Hold on to your good players - Gunnarsson, Westwood...