Gosford Green
Well-Known Member
No because the football club agree to the charges and to pay these invoices, the amount SISU charge is not really silly money in football terms but it is still a sizeable chunk of cash flow for CCFC.
No because the football club agree to pay these invoices, the amount SISU charge is not really silly money in football terms but it is still a sizeable chunk of cash flow for CCFC.
So is my money going to SISU and then some back to CCFC or going to CCFC and then being taken to SISU?
The King of "Answer a question with a question" strikes again!
So what's the stop companies just making up silly invoices to transfer money between them? You could launder money all day long that way.
Is that a flicker of light I see?
I'm sure there are a few legit items in there like the club matching the £500,000 FA academy grant for instance but I think that'll be where stuff is most easily hidden.Captain Dart
For admin costs read management costs/charges and interest on debt.
Surely if they are making up invoices for silly money it is pretty much fraud? Ignore the other shouty stuff, surely this is the bit that would be more damaging than shouting at the football league about not buying players etc. That would do the real damage to SISU if somebody was digging away at that?
Why would that be Nick... Coz you can't?Not really, people keep swapping and changing on how it is happening.
Gosford Green is actually explaining things so maybe let him
No because 2 companies are agreeing on a commercial transaction. take this as another way of looking at it, Nick SBT Ltd retail use Nick SBT Distribution Ltd to deliver goods to Nick SBT retail stores, there is a good chance this is done at a cost that might be able to be done cheaper by another distribution company but the directors of Nick SBT retail decide it this way, it does not make it fraud. The same way as CCFC uses a SISU company for admin fees it is often done in business.
If Coventry City FC is placed in administration again the owners might this time not get away with a tame insolvency practitioner the second time, I would like to think an investigation would take place by the insolvency service, they might uncover fraud.
Either way, some of our ticket and merchandise money ends up at SISU.
That is wide open to abuse though isn't it, you can use that to launder and transfer money between businesses?
Surely an actual service has to take place and be shown to be taking place? Otherwise it's just taking money out.
I can understand it for interest etc.
How would it be proven that it was happening?
That is wide open to abuse though isn't it, you can use that to launder and transfer money between businesses?
Surely an actual service has to take place and be shown to be taking place? Otherwise it's just taking money out.
I can understand it for interest etc.
How would it be proven that it was happening?
Let me ask you a question for once Nick. Why, do you think, has SISU got so many "Arms" to their business?
I can understand the whole dividend thing and don't doubt Anderson and Venus got / get paid as directors as CCFC. I can also understand if Fisher did as chairman (not that Id agree with it).
What actual services could SISU provide CCFC legitimately?
I'd say that is what needs to be targetted and dug into... That would damage SISU more with places like the Football League if they were doing that compared to not buying players etc.
I would say similar happens at most clubs. Billy Bigtime, club legend now a matchday host and part time coach charges Festa City FC £140,000 pa for services as described, other directors of Billy Bigtime promotions Ltd are more than likely involved with Festa City FC.
I would say the ticket money is payed to CCFC who then receive an invoice of SISU or associated company for management fees.
Either way, some of our ticket and merchandise money ends up at SISU.
Because they are always at war?Let me ask you a question for once Nick. Why, do you think, has SISU got so many "Arms" to their business?
Not one penny has gone from the clubs accounts to SISU. But around £40m has gone the opposite way into the clubs accounts.
OK.. Tentacles.... and don't even think about being dirtyBecause they are always at war?
Do you have evidence?It goes to me and then pays for development, prizes and server costs.
As I have said, if it was about clicks or posts I wouldn't be trying to make them higher by bickering on here myself. If anything my bickering probably puts people off sadly, but it is just my opinion and thoughts, nothing more or less.
Do I ever think of anything but?OK.. Tentacles.... and don't even think about being dirty
As what ? A loan or equity exchanged for debt.
So SISU do not charge a management fee ? I was under the impression they did.
Isn't it like the Arvo charge, that can be "Called in"OSB has done this to death. The management fees is the flow of money from one of the ccfc companies to another. It isn't a payment to sisu.
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OSB has done this to death. The management fees is the flow of money from one of the ccfc companies to another. It isn't a payment to sisu.
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As what ? A loan or equity exchanged for debt.
So SISU do not charge a management fee ? I was under the impression they did.
So admin fees from one CCFC related company to another, would these companies have anything very slightly to do with SISU?
Yes, what financial expertise he demonstrated thereAnd, he claimed: “The debt burden on ACL means that no deal with any sporting franchise could ever happen".
Give it up. No matter how hard you want sisu to be 'taking' money from the club, there's absolutely no evidence they have ever done that. And trust me, some very smart people have looked very, very hard for a smoking gun - without luck so far. It's a myth, so please drop it and concentrate on the wrongs they actually do and have done. There's lot to pick from!
If they do not list who the management fees are going too then the trail goes cold pretty soon.
Give it up. No matter how hard you want sisu to be 'taking' money from the club, there's absolutely no evidence they have ever done that. And trust me, some very smart people have looked very, very hard for a smoking gun - without luck so far. It's a myth, so please drop it and concentrate on the wrongs they actually do and have done. There's lot to pick from!
Give it up. No matter how hard you want sisu to be 'taking' money from the club, there's absolutely no evidence they have ever done that. And trust me, some very smart people have looked very, very hard for a smoking gun - without luck so far. It's a myth, so please drop it and concentrate on the wrongs they actually do and have done. There's lot to pick from!
Ok, can I ask why you believe you're smarter than the auditors, both them who sign off the accounts and those on here who scrutinize the accounts in minute details?
There's nothing in the cash-flow to suggest money goes to Sisu.
You will need to produce hard evidence to show otherwise, else you are simply trying to damage their reputation in the one place where they are actually safe. Why not spend your time and efford where they are guilty?
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