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I really do struggle to figure out how supposedly seasoned investors could get it so wrong

OK I agree that they do not appear to be asset stripping but one way or another have ended up with an heavily indebted balance sheet. Are the Investors (who ever they are ultimately) able to use this debt to ease / offset any other Tax costs for other profitable parts of their investment...

OSB58 I am interested in your comment "There is probably some angle to it whereby someone "benefits" but it is away from the SBS&L balance sheet." potentially what could this benefit be ? Are CCFC just a sideshow for this benefit or are we again looking in the wrong direction. I posted...

I disagree here at 100K rent and the share of F&B + car parking Its pretty much like playing there for free. even 10K supporters paying 10 Quid covers the cost. The rest of the season pays for everything else. I think that we should maximise this agreement for the short - Mid Term as the maths...

I agree with you CD But we have to consider what revenues would it bring the club. We will have to spend 30+ Million to get a stadium, Then we must service that Debt (at about 5%) and run the place only then can we consider contributing revenues from the stadium. Please tell me what the...

Income from weddings and conferences are irrelevant for Man U and pretty much every top tier club. I would bet good money that the profit from this type of activity would not pay for Wayne Rooney's wages. From your own post it can only make up a small percentage of 10 to 15% of their turn...

I agree 100% Success on the Field = Sponsorship Success on the Field =increased TV Money Success on the Field =Increased Ticket sales Success on the Field =increased merchandising sales Success on the Field =More revenue Owning a new stadium = ?

I think that the real hard questions have not been addressed at all. We are continually told that we need a stadium in order to access 365 Day revenue , yet not one person as yet has stated what difference this will make to our balance sheet. Yet there are many on here who parrot that phrase as...

What is clear is that have spent more time in meetings discussing and contriving our move to Northampton and back which was the backdrop to our supposed need for a new stadium. Now we have on record two exploratory meetings with RBC. Hell they've even met more times with the SBT and CCC and...

I met (or was confronted by him) him once a Cheltenham Races. He was with the Villa team and I was with a Coach of Cov supporters. After many beers at the end of the day and several renditions of anti Villa songs by us he came over and was genuinely upset that we thought he had deserted the...

Remember Sunderland (rock bottom at the time) beating us 2-1 at HR in 1976 when Chicago's If you leave me now was number one I think, alway's hated that song

This is a potentially a dangerous game that SISU are playing. it is now acrimonious as SP was bitterly disappointed to be shown the door after making a long term commitment. If they don't pay because the money is not in the club then SISU have to put money in. If they don't sort something out...

Terry , Thomas and Tim Ryalist

looking at the article it kind of suggests that the club must be playing there for nearly nothing, 100K rent offset by 50% of F&B + share of carpark. got to be the cheapest option mid term to stabilise the club.

This in not about Mowbray being paid, like you I am sure he is , this is about the money within the club to pay the current wage bill and pay SP. Last year we lost money and clearly the club cannot trade without the owner funding the losses. This is a big chunk of cash to find (I would expect...

at the end of the day SP signed a contract in good faith , at the time his stock was rising, and the incentive for the club was that they had him locked in for 4 years or a decent compensation payout should he elect to go and CCFC were rising through the leagues. It seemed to be the one bit of...

The Greman clubs have proven this model works and can deliver successful clubs playing good formal and winning the biggest trophies. Given that the recent article said that there was only 300K difference between league one or two incomes SIS are hardly gambling with anything more than loose...

Back to the OP there was an interesting article in the Sunday times this week and given that Derek Richardson is now chairman of the board of WASPS as pre the recent announcement I don't think he is likely to lose interest anytime soon some have floated as a possibility. Sunday Time...

Just responding to the OP and then to RFC (its nearly a reflex reaction now)

The statement about a going concern is factually correct. It is the responsibility of the auditors to point out if there is a danger to the company failing within the next accounting period. It is in the Accounts. CCFC would never own the Ricoh , CCFC were never going to be allowed to...