Disorganised1
New Member
Roll on next season so we can actually have something to talk about
He didn't waste his time did he?
Walked off into the sunset with a suitcase full of cash and the club in meltdown financially, and some people still suck him off.
If there is one reason, and one reason only to be suspicious of any bid(if there is of course) from Hoffman, it's that Ranson is apparently associated with him.
You'll never let that go will you? So he got himself a nice hefty pay packet... How is that in any way relevant to the bigger picture and our club going down the swanny? It's not and you're beginning to sound Partridgesque with your bitter ramblings.
Fitting that kduffy has come to lend a hand though. You two are about as fun as AIDS.
I support CCFC not SISU. I was here before SISU, during SISU and I will be here after SISU.
Of course I cannot 100% guarantee that he is working 'tirelessly'. He may just be working hard.
Of course I cannot 100% guarantee that he is working 'tirelessly'. He may just be working hard.
We shouldn't forget that there's also a very realistic chance that he's been sitting at home in a Leicester shirt scratching his arse and laughing at our predicament.
I apologise unreservedly for my gross misrepresentation.
Seriously, what do you two get out of this?
Just ask a couple of questions a bit deeper than the poor comedy one liner answers you get it exposes a lot.
Fitting that kduffy has come to lend a hand though. You two are about as fun as AIDS.
Making up quotes about me saying Cov will be reformed as Man Utd is one thing
Your last comment should not normally not dignify a repsonse.
However here goes If you are struggling in a debate with me about about the future of CCFC then please do not resort to what you have.
Also by the way, if I am correct in what I think you may be getting at then you have the wrong serious illness.
If I am wrong then I dont know know what you are talking about.
That's what I am talking about
I think Hoffman quite likes his "prince across the water" status. The potential saviour of CCFC. Alas, the reality does not back this up and other than a few Key's tweets there is very little to suggest Hoffman ever has been serious about trying to buy the club either on behalf of investors or himself. We have more chance of trying to find an extremely wealthy overseas benefactor like Southampton and Leicester have done than rely on Hoffman. We ideally need to find someone rich enough to buy the stadium outright so our unique business structure is no longer an impediment.
Just ask a couple of questions a bit deeper than the poor comedy one liner answers you get it exposes a lot.
You'll never let that go will you? So he got himself a nice hefty pay packet... How is that in any way relevant to the bigger picture and our club going down the swanny? It's not and you're beginning to sound Partridgesque with your bitter ramblings.
Fitting that kduffy has come to lend a hand though. You two are about as fun as AIDS.
There's danger of some kind of turf war breaking out here, factions feuding and all that jazz. Roll on the actual football starting again.
He didn't waste his time did he?
Walked off into the sunset with a suitcase full of cash and the club in meltdown financially, and some people still suck him off.
If there is one reason, and one reason only to be suspicious of any bid(if there is of course) from Hoffman, it's that Ranson is apparently associated with him.
Keyboard warriors blight every forum and this is no exception-makes it difficult to have proper debate and gets pretty tiresome.
Ranson is totally blameless according to you, yet he's the biggest root cause of what we're going through now, power without responsibility?
Interesting comment Lord.
My understanding was that when SISU/Ranson took the club over, RR put Prozone in as his investment.
As I recall this was valued at one time at several million pounds - which given that Prozone was sold last year (?), he lost.
On that basis he would have had to have got his hands on fairly hefty piles of SISU's cash to "walk off into the sunset with a suitcase full of cash".
Could you share what you know?
I can appreciate your sentiments ajsccfc, but who can say for certain that we will actually "Kick a ball in anger" at the start of the season.
Pro-Zone was paid for by the club for a fair sum, was in the accounts two or three years ago, also some proceeds of the subsequent sale were used to pay him off.
His wages and interest on loans in the "sticky" " FAQ2- Money Talks", but some bits from that:
Directors Remuneration In the accounts from 2008 to 2010 there is only one Director that has been paid – RR. He was paid via Arley Group £169750 (2008) £294500 (2009) £303125 (2010). There is nothing in the accounts so far published that indicates any other directors have been paid. Just to be clear disclosure is required by the Companies Act and if not done would be disclosed by the independent auditors in their report. Total cost of RR’s services & interest to 31/05/10 £1.23m
Loans. Much is discussed about the SISU and other loans. Here are the facts as have so far been made available. On takeover the net liabilities of the group were discounted down by £35m leaving net debts of £8m for SISU to fund plus £3m losses from takeover until 31/05/08. By 31/05/08 they had provided a loan of £11m, this money loaned to the company to pay its debts. During the year to 31/05/09 these loans to SBS&L had risen by £12.4m to £23.4m. A further £700k was provided in 2010. Not all of that cash came to CCFC some would have covered the June 2008 acquisition of Prozone Group and funding its liabilities. Bear in mind that the funding SISU investors provide are loans to SBS&L that doesnt mean it all filters down to CCFC Ltd although because of cash flow difficulties much will have. RR was able to say we dont owe any banks but neglected to make clear we sure as hell owed SISU – we were never debt free as claimed. In fact there was £1.5m owed to RR’s own company Arley Group PLC in addition to SISU loans. The SISU loans do not charge interest those from Arley Group PLC did £153745 (2009) £310059 (2010).
Hope that clears some of it up for you, one of the many reasons that I wish the accounts for the last year had been published is to see just how much went out to him before the end.
Until something more concrete regarding liquidation comes up I'm not massively worried about that to be honest (at least 90% of rumour about Cov comes to nothing, good and bad), I think people are fretting about a worst-case scenario. I'm still confident we'll be drawing 0-0 in those big glamour ties come August.
RR had not been paid in full for putting Prozone into the deal DTD and when he left was owed over £1.5m plus interest which looks like it was accruing at 10% per annum. (per the 2010 accounts). All done through the Arley Group which was RR's company
He may well have had a sell on clause for Prozone to get a share of that profit and he may have had a severance package also..... but that is all guesswork
I think he did ok out of the arrangement
RR had not been paid in full for putting Prozone into the deal DTD and when he left was owed over £1.5m plus interest which looks like it was accruing at 10% per annum. (per the 2010 accounts). All done through the Arley Group which was RR's company
He may well have had a sell on clause for Prozone to get a share of that profit and he may have had a severance package also..... but that is all guesswork
I think he did ok out of the arrangement
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?