club statement on offal (2 Viewers)
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kingharvest
New Member
At least its a statement, an acknowledgement that something happened - and we also know that nothing was agreed.
Blueandwhites
New Member
Ha! it was a transparent meeting but we can't really tell you what was discussed because it was mostly confidential. : )
Wrenstreetcarpark
New Member
Its the first time that there has been a joint statement by Sisu, CCFC and the Council and Higgs. Maybe this time there is some progress. Doesn't look like Hoffman is anywhere tho.
BurbageSkyBlues
New Member
Well, no news is good news, maybe? ....... If they are talking, it means we won't be evicted in the near future....?!
My fear is that it will take (ACL & the Council) a long time to develop any trust in SISU, so I wouldn't expect a rush of activity to move things forward. This all delays the budget and accounts submissions, and hence the lifting of the transfer embargo.
How can any club (manager) plan his team for next season, under this uncertainty? To have any chance of making a fist of next season, we need things in place now, a good start is imperative, IMO.
My fear is that it will take (ACL & the Council) a long time to develop any trust in SISU, so I wouldn't expect a rush of activity to move things forward. This all delays the budget and accounts submissions, and hence the lifting of the transfer embargo.
How can any club (manager) plan his team for next season, under this uncertainty? To have any chance of making a fist of next season, we need things in place now, a good start is imperative, IMO.
SonofErnie
Well-Known Member
Meetings over the next month take us to the 2nd week of June. If agreement is reached by that time, then the formalities of filing the accounts have to be completed. Absolutely no chance of having a squad in place by pre season training then !!
covcity4life
Well-Known Member
exactly....some people will moan no matter what
Wrenstreetcarpark
New Member
It doesn't say ACL was at the meeting.
cloughie
Well-Known Member
Last years accounts being signed off have absolutely nothing to do with next years budget as last years accounts are for what has already happened!
For the transfer embargo to be lifted they need the accounts signed off that is all .
It is totally seperate from next years buget/ finacial plan that they have to give the football league which basically says they have a budget and plan which will enable them to complete next years fixtures.
So it is more sisu BS about not signing off the accounts before agreeing a new deal about the stadium more smoke and mirrors
For the transfer embargo to be lifted they need the accounts signed off that is all .
It is totally seperate from next years buget/ finacial plan that they have to give the football league which basically says they have a budget and plan which will enable them to complete next years fixtures.
So it is more sisu BS about not signing off the accounts before agreeing a new deal about the stadium more smoke and mirrors
ashbyjan
Well-Known Member
At this stage I am glad they are talking at least and all parties are in it together - seems now the elections are over Mutton is now talking to the Devil In Skirt (Carry On reference in tribute to the farce our club has become). Also I think it should be noted that it is the Devil in Skirt herself that is doing negotiating not Igwe who has been truly sidelined, thankfully. At least with the head honcho at the table decisions can be made quicker and nothing lost in translation between Coventry and the dark evil lair in London.
ashbyjan
Well-Known Member
Sorry Cloughie but I believe you are wrong, I'm no accountant (OSB where are you?) - but for the accounts to be signed off SISU have to guarantee to the auditors that they will cover any potential losses which as a loss making business there will inevitably be. At this stage they are unwilling to make that undertaking and that is why they are pushing for the rent reduction etc as this will decide the amount the losses are likely to be and how much exposure they are likely to have. Without there agreement to cover losses accounts cannot be legally signed off.
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Sky Blue Sheepy
New Member
Tbf its a statement, thats a start. Working for the council, I can guarantee nothing gets agreed in 1 meeting. At least they're jointly confirming that something is going on
sky blue zam
Member
I wonder if the council and higgs werent involved in the statement that would there be a statement at all. certainly cancels out that gmk rumour about free rent for 2 years :blue:
Otis
Well-Known Member
Maybe it was free rent of the council meeting room.
torchomatic
Well-Known Member
torchomatic
Well-Known Member
Personally, I'm glad they've released a "joint" statement, so not just SISU saying they had the meeting, it was positive, they'll be meeting again. Seems fair to me.
DazzleTommyDazzle
Well-Known Member
Jan, in OSB's absence I'll do my best.
The club/company obviously owes a great deal of money to SISU (i.e. the famous loans). For the auditors to sign off the accounts on a "going concern basis", they will have to have assurances from SISU that these loans will not be called in within (if I remember correctly - I haven't audited for many years...) 12 months of the date that they sign off the accounts.
SISU won't be able to give these assurances until/unless a plan/budget is in place for the coming year.
oldskyblue58
CCFC Finance Director
That sounds good enough to me DTD 
Blueandwhites
New Member
It's not a surprise, (commercial sensitivity etc) but neither is it 'transparent'.
torchomatic
Well-Known Member
No, it's not for us. But it is for all the parties involved, which at the moment, is the important thing.
coundonskyblue
New Member
In the Telegraph article it says the club are trying to access some of the revenue generated on a match day (Food & Drink sales).
I might be wrong but are these not sub contracted out to Compass?
Even if ACL wanted to let Sisu in on the revenue I'm not sure they could.
I might be wrong but are these not sub contracted out to Compass?
Even if ACL wanted to let Sisu in on the revenue I'm not sure they could.
Nonleagueherewecome
Well-Known Member
Oh I dunno, if I wasn't paying my rent, I'm pretty sure my landlord would "talk" to me: at the very least to say "Pay up in the next week or you are out on your arse".
cloughie
Well-Known Member
If thats the case I stand corrected, ....but why my judgement has become so synical over everything sisu spout?
RegTheDonk
Well-Known Member
Well I hope you're right and the council tell them to f**k straight off.
Last thing I want is those money grabbing bastards getting a foot in the stadium. They'll line their own pockets and the club/team won't see a penny.