Rusty Trombone
Well-Known Member
I thought ML said it was commonplace not to file accounts on time.
Coventry Telegraph @CovTel_CCFC 4m
BREAKING: #skyblues are expected to file accounts on time for the first time in 4 seasons, avoiding another transfer embargo. More to follow
I thought ML said it was commonplace not to file accounts on time.
FYI http://www.coventrytelegraph.net/news/coventry-news/sky-blues-file-accounts-time-6757125
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Simon who spoke to ML on this matter.
When he said it was a long term plan can he not be asked how that long term plan works out.
How do SISU expect to get a return on their investment by borrowing 20-30 million on top of the current 36 million debt?
I did.
Match day revenues from the club's own stadium is the long term plan. Along with moving up the league structure. According to Mr Labovitch.
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Simon. Were you able to keep a straight face?
I did.
Match day revenues from the club's own stadium is the long term plan. Along with moving up the league structure. According to Mr Labovitch.
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Thanks for the reply.
At some point they will intend to get a seizable chunk of their investors money back.
We will be talking some 60 million. A 12k stadium and a league one or championship club. Will not sell for anywhere near that.
We currently pay 1 million a year in interest. That will have to go up.
We also pay management fees. So once wages are paid. We will have no profit to sign players or chip away at the debt.
I appreciate you must maintain a healthy relationship with him or you will get nothing.
However you are one of the few people with access and working for the CET you probably want to represent your readers views.
Is their anyway ML, TF or JS can be pinned down on this question a bit more.
People are attending consultation groups etc etc.
Yet nobody has been convinced, or to be honest actually had this long term plan explained in any detail.
If they explain it and it makes sense they may change a lot of people's opinions about the prospect of a new stadium. Including the council so it is in their interest to explain it.
Thanks for the reply.
At some point they will intend to get a seizable chunk of their investors money back.
We will be talking some 60 million. A 12k stadium and a league one or championship club. Will not sell for anywhere near that.
We currently pay 1 million a year in interest. That will have to go up.
We also pay management fees. So once wages are paid. We will have no profit to sign players or chip away at the debt.
I appreciate you must maintain a healthy relationship with him or you will get nothing.
However you are one of the few people with access and working for the CET you probably want to represent your readers views.
Is their anyway ML, TF or JS can be pinned down on this question a bit more.
People are attending consultation groups etc etc.
Yet nobody has been convinced, or to be honest actually had this long term plan explained in any detail.
If they explain it and it makes sense they may change a lot of people's opinions about the prospect of a new stadium. Including the council so it is in their interest to explain it.
Question for osb:
ML states in that article that "sisu have never taken any money out".
But that's not exactly true is it? (interest charges)
Looks to me like a playing with words to an extent in my opinion. The football club did not repay any loans (but has paid interest on loans) it didn't have funds to...... but the SBS&L group certainly seems to have repaid something to the investors because the investor loan debt decreased in value between 2011 and 2012
anyone else now awaiting the "I have been misquoted by Simon, i didnt say the accounts would be filed on time, I said "the accounts would be filed. Whats the time ?"
Worth noting that "misquoted" claim has disappeared from the minutes of the SCG meeting on the official club website.
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and that should show the validity we should now put in the new minutes now they go through the sisu spin and mislead machine.
I know you can hardly criticize if you want to maintain a happy relationship but it isn't worth it. When he says something that is obviously nonsense, or obviously intended to mislead, please call him on it, don't print his comment without correction, it just misleads your audience, if that means you get less access so be it. At least you could have respect from yourself and others in what you put out.
Should I also have taken out Chris Robinson's statement that ACL was a profitable business when I interviewed him?
It's my job to report what is being said. It's up to the readers to form opinions on those comments.
Reporting someone else's view does not mean we subscribe to it.
However, I'm always happy to listen to suggestions about what fans would like to know.
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Is that a suggestion that he told a pokey Simon?Should I also have taken out Chris Robinson's statement that ACL was a profitable business when I interviewed him?
It's my job to report what is being said. It's up to the readers to form opinions on those comments.
Reporting someone else's view does not mean we subscribe to it.
However, I'm always happy to listen to suggestions about what fans would like to know.
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Is that a suggestion that he told a pokey Simon?
I did.
Match day revenues from the club's own stadium is the long term plan. Along with moving up the league structure. According to Mr Labovitch.
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Should I also have taken out Chris Robinson's statement that ACL was a profitable business when I interviewed him?
It's my job to report what is being said. It's up to the readers to form opinions on those comments.
Reporting someone else's view does not mean we subscribe to it.
However, I'm always happy to listen to suggestions about what fans would like to know.
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That's a misrepresentation of what I just said, I didn't ask you to take out what he said, so the suggestion that I feel differently about something said by someone representing acl is poor, you are just trying to make out im bias, please don't fall into the trap of responding to polite, respectful and constructive (at least thats my attempt) critique in this way because thats what Les Reid did, I absolutely think you are right to print what he says, I also think you did well and asked good questions in that article but his responses were pure spin that I'm sure you know. I'd like anytime you are given pure spin as a response to challenge what is said.
Edit - I realise the misundering might have come from me saying don't print his comment without correction, I don't mean don't print it, I mean don't print it and say nothing afterwards.
When he says sisu have not taken any money out ask about management fees and interest paid on loans, challenge his response to your question about how can the move to sixfields a new home ever be financially viable, because he certainly did not answer you.
When he says sisu have not taken any money out ask about management fees and interest paid on loans, challenge his response to your question about how can the move to sixfields a new home ever be financially viable, because he certainly did not answer you.
I didn't mean to come across as being confrontational. That was absolutely not my intent.
I appreciate the input.
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