Are SISU really under pressure? (1 Viewer)

HuckerbyDublinWhelan · Dec 19, 2016

Haven't posted for a while, but thought I'd weigh in with my 2 cents.

had a discussion this morning with a friend, we were discussing how much we enjoyed the protest and whether SISU were aware of it. We then discussed whether it was better than NOPM (as you know I'm against it, my friend is for it)

We moved on to what Fisher said, he stated that the business was breaking even and even making profit. If we look purely at whether SISUs business is affected, are we asking the wrong questions?

No investor is going to look at CCFC and say "you're destroying a community football club" wouldn't SISU use CCFC and say we've turned this business around? And therefore actually look good in the eyes of the investors?

They're shoddy football club owners, but as a business they've turned us around.

All in all I've lost a bit of heart after this, I mean, sounding defeated - are we just doomed as a football club whatever we do?

Voice_of_Reason · Dec 19, 2016

I don't feel SISU are rattled yet, but believe TF might be. SISU lack emotion and purely look at the accounts. They don't care if we are in the Conference or not providing they are not losing money

HuckerbyDublinWhelan · Dec 19, 2016

Fisher is a hatchet man, I'm starting to feel that there is nothing we as fans can do.

If NOPM,the playing squad gets cut to an extent we just can't compete.

Whilst I believe that we're running ourselves, there isn't no conclusive proof bigger crowds = bigger budget. It'll be interesting as to what happens to the 1 million profit we're making goes but I assume we have to wait until Feb 18 for that info.

christonabike · Dec 19, 2016

Fishface said Sisu arent interested in CCFC. Ok lets make them interested by keep protesting and having SISU on all the banners etc. They will soon get wind of whats happening.

HuckerbyDublinWhelan · Dec 19, 2016

Fisher has actively made it clear that they or him couldn't give a shit what we say or do.

He's not even playing the PR game anymore it's clear he has animosity towards us, and SISU are happy to go along with it. I'm sure they're aware but as a business all they have to say is "Otium entertainment were losing 15 million before us, now we're making money"

SISU couldn't care less about the protests or banners.

Sbarcher · Dec 19, 2016

Let's wait and see. £1m profit? Is it operating or net? Two very different situations. Operating profit can easily mean a loss at net level.

HuckerbyDublinWhelan · Dec 19, 2016

Valid point but that's only going to come to light in the Feb 18 accounts.

Feb 17 are going to show upto May 16, I'm under the impression that it's this season we're "making money"

westofrayne · Dec 19, 2016

Are they under pressure? No, in purely financial terms the club have been turned round from looking money to "breakeven"

So in SISU's eyes that's a success, hai this has been managed is not so important

harvey098 · Dec 19, 2016

Does anyone know the breakdown of what guaranteed income they have other than ticket sales (i.e tv money, football league money) and what their obligated running costs are other than player budget (i.e rent, general running costs).

In other words... if the attendance all season was 0 and they paid players £0 - would they make or lose money?

Kingokings204 · Dec 19, 2016

Are sisu under pressure, I would say so, name banded around in bad lights all over the Internet and now sky and such alike.

They also don't care as now we are breaking even and that's a success in their eyes. They literally don't have to put any money in and stick a fool in charge and it seems to run itself.

If we could rid these owners and get people in who care and can use ccfc to everyone's gain then we can start to climb again.

Unfortunately it's been said many times we are in a death spiral which currently leads us to league 2 and beyond perhaps. Until sisu go this is where we are going so I wouldn't be pissed off when we get relegated. It's where the business model is taking us.

HuckerbyDublinWhelan · Dec 19, 2016

I've read into their history, hasn't Sepalla been called a liar in court? Surely that's more damaging then comments on their ability to run a football club?

Stopping short of being involved in a scandal I don't think SISUs reputation could be tarnished in the way we need it.

I think I'll buy a season ticket next season in League 2 with more hope than anything.. but after that, if Is lower end league 2 I don't think I can justify the expenditure and just pick and choose games. This isn't because they're slipping, its because normally I start a season with hope that we'll finally achieve something. Once that goes, what's the point?

Captain Dart · Dec 19, 2016

Sbarcher said:
Let's wait and see. £1m profit? Is it operating or net? Two very different situations. Operating profit can easily mean a loss at net level.

It will, there are some unaudited figures in an SCG minutes a few months ago.
Fisher revealed them, there is no way he would have done that unless he was fairly confident they were accurate.
I should think the accounts are all but signed off by now.

Steve.B50 · Dec 19, 2016

Voice_of_Reason said:
I don't feel SISU are rattled yet, but believe TF might be. SISU lack emotion and purely look at the accounts. They don't care if we are in the Conference or not providing they are not losing money

I disagree, I believe JS is under pressure. She has to answer to Investors who will be starting to question where there money has gone, surly she can only fob them off for so long.
Am sure these people will want at least the money invested back, maybe she will have to sell her big house in Holland Park?
.

Grendel · Dec 19, 2016

Steve.B50 said:
I disagree, I believe JS is under pressure. She has to answer to Investors who will be starting to question where there money has gone, surly she can only fob them off for so long.
Am sure these people will want at least the money invested back, maybe she will have to sell her big house in Holland Park?
.

I doubt the investors in the main know where the money is invested.

As for seppella and the court comments - that will be seen as a strength in the world sisu operate.

HuckerbyDublinWhelan · Dec 19, 2016

The way I see it, we're part of an investment portfolio. We have no way of seeing how that portfolio is doing.

If that portfolio is making money, then their business is doing well and can point to that to future investors in their business.

Like I said, I think we've got to a stage where we as fans think we're winning, bit Actually we're even further away from ridding ourselves of SISU

georgehudson · Dec 19, 2016

So, being part of an investment portfolio, is it possible to find out who the investors are in that scheme ?

wingy · Dec 19, 2016

HuckerbyDublinWhelan said:
The way I see it, we're part of an investment portfolio. We have no way of seeing how that portfolio is doing.

If that portfolio is making money, then their business is doing well and can point to that to future investors in their business.

Like I said, I think we've got to a stage where we as fans think we're winning, bit Actually we're even further away from ridding ourselves of SISU

Looking at their turnover, staff numbers and relocation they look like a body retreating into rationalisation.

covman · Dec 19, 2016

HuckerbyDublinWhelan said:
Haven't posted for a while, but thought I'd weigh in with my 2 cents.

had a discussion this morning with a friend, we were discussing how much we enjoyed the protest and whether SISU were aware of it. We then discussed whether it was better than NOPM (as you know I'm against it, my friend is for it)

We moved on to what Fisher said, he stated that the business was breaking even and even making profit. If we look purely at whether SISUs business is affected, are we asking the wrong questions?

No investor is going to look at CCFC and say "you're destroying a community football club" wouldn't SISU use CCFC and say we've turned this business around? And therefore actually look good in the eyes of the investors?

They're shoddy football club owners, but as a business they've turned us around.

All in all I've lost a bit of heart after this, I mean, sounding defeated - are we just doomed as a football club whatever we do?

SISU may have cut the wages but they have also dramatically devalued their asset in doing so. As the main reason for buying was to sell on at a profit, I think you will find they have failed miserably!

wingy · Dec 19, 2016

harvey098 said:
Does anyone know the breakdown of what guaranteed income they have other than ticket sales (i.e tv money, football league money) and what their obligated running costs are other than player budget (i.e rent, general running costs).

In other words... if the attendance all season was 0 and they paid players £0 - would they make or lose money?

Well revenue was a total of £3.8M @Sixfields. So somewhere about £3M IMO.

the rumpo kid · Dec 19, 2016

HuckerbyDublinWhelan said:
Haven't posted for a while, but thought I'd weigh in with my 2 cents.

had a discussion this morning with a friend, we were discussing how much we enjoyed the protest and whether SISU were aware of it. We then discussed whether it was better than NOPM (as you know I'm against it, my friend is for it)

We moved on to what Fisher said, he stated that the business was breaking even and even making profit. If we look purely at whether SISUs business is affected, are we asking the wrong questions?

No investor is going to look at CCFC and say "you're destroying a community football club" wouldn't SISU use CCFC and say we've turned this business around? And therefore actually look good in the eyes of the investors?

They're shoddy football club owners, but as a business they've turned us around.

All in all I've lost a bit of heart after this, I mean, sounding defeated - are we just doomed as a football club whatever we do?

I think the trick of turning the club around, is to make it break even without losing any ground or status. anyone can do things cheaply to save money.

Brylowes · Dec 19, 2016

If only we found it as easy getting rid of SISU, as SISU seem too find it getting rid of us.

wingy · Dec 19, 2016

The strange thing is we are told wage inflation was a cause of struggling to recruit through summer On what Appears to be an increasing turnover but a reducing player budget
It would be handy to know if Mowbray spent to target of £2.3M or exceeded to £2.9M.

James Smith · Dec 19, 2016

georgehudson said:
So, being part of an investment portfolio, is it possible to find out who the investors are in that scheme ?

Joy said to the Guardian a few years ago that they were American Universities endowment funds, European and Asian pension funds. Don't have the link but it's easy to find on the Web.

Astute · Dec 19, 2016

Grendel said:
I doubt the investors in the main know where the money is invested.

As for seppella and the court comments - that will be seen as a strength in the world sisu operate.

Losing court cases is seen as strength?

Captain Dart · Dec 19, 2016

James Smith said:
Joy said to the Guardian a few years ago that they were American Universities endowment funds, European and Asian pension funds. Don't have the link but it's easy to find on the Web.

http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-owner-joy-6096912

Mrs Seppala said she anticipated the stadium would require 40pc equity (cash) with the rest borrowed, and added: “I have got people who are more than happy to fund that. I’m having discussions all the time with investors.” She said investors included wealthy families and financial institutions, including pension funds.

Are SISU really under pressure? (1 Viewer)

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