Investment on the Horizon? (26 Viewers)

Brylowes said:

So at £50 each per game over 30 games, that's roughly £400.000 per season.

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True figure is probably a little more than half that, although there's 289 on the books
I doubt they ever call on that number, JPT games there's probably less than 100.

I've heard Nebulous Len and Raven Saunders are forming a consortium to buy out sisu and the wasps.

Saunders will be lord mayor and terrorize Kevin Matron on twitter, because she's only ceremonial any road.

Len's got a terracotta beard like mine.

Have you ever noticed, when you're eating your tea and you itch your chin, little clumps of your terracotta beard fall onto your quiche and you think it's red velvet cake?

eedyut said:

I've heard Nebulous Len and Raven Saunders are forming a consortium to buy out sisu and the wasps.

Saunders will be lord mayor and terrorize Kevin Matron on twitter, because she's only ceremonial any road.

Len's got a terracotta beard like mine.

Have you ever noticed, when you're eating your tea and you itch your chin, little clumps of your terracotta beard fall onto your quiche and you think it's red velvet cake?

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You a songwriter, that sounds Lennon & McCartneyesque.

eedyut said:

I've heard Nebulous Len and Raven Saunders are forming a consortium to buy out sisu and the wasps.

Saunders will be lord mayor and terrorize Kevin Matron on twitter, because she's only ceremonial any road.

Len's got a terracotta beard like mine.

Have you ever noticed, when you're eating your tea and you itch your chin, little clumps of your terracotta beard fall onto your quiche and you think it's red velvet cake?

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Is the special cake kicking in?

Captain Dart said:

Is the special cake kicking in?

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No, but the mandrake is.

Brylowes said:

You a songwriter, that sounds Lennon & McCartneyesque.

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I've heard a tale that my old pal from school
Thadeus Wagstaff
Is a sisu investor
He once climbed up the old man
Of Consiton
With a pepperami in his bum
Bag

eedyut said:

I've heard a tale that my old pal from school
Thadeus Wagstaff
Is a sisu investor
He once climbed up the old man
Of Consiton
With a pepperami in his bum
Bag

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Needs work, but not bad.

Anybody brought us out today ? Fuck me looked outside its dark ? Just realised its 2.30am what? Morale of that story is don't eat your mates space cakes with a tea in the day when you our supposed to be going to town to meet the Mrs and the kid and now ther both tucked up in bed think I might have been abducted

mark82 said:

Genuine question... Are you that dumb that you believe the shit you are spouting here or are you on the wind up?

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Yawn

Back to the original subject....... Malaka says he hasn't heard any more rumours on his rumour, but has anyone heard anything new about the other rumour from the Life Trainer? That one had before Christmas as a definite timeline. Malaka's didn't have a set time ( could be negotiations going on - if it's true ). So fair enough there, but the Life Trainer is going to look silly if nothing happens soon.

martcov said:

the Life Trainer is going to look silly if nothing happens soon.

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The Life Trainer will be used to looking silly, by virtue of being a Life Trainer.

Could the good news from Mark Sephton have been the appointment of Russell Slade as manager, in which case he was spot on with his tweet?

Malaka said:

You can put up to £45k pa in your pension tax free and you can back date it three years for up to that amount.

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I knew that, I'm really asking who are the beneficiary's?

Seamus1 said:

Could the good news from Mark Sephton have been the appointment of Russell Slade as manager, in which case he was spot on with his tweet?

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No, as he emailed me claiming there was going to be news of a takeover announced before Christmas

Deleted member 5849 said:

The Life Trainer will be used to looking silly, by virtue of being a Life Trainer.

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That's a negative attitude, you should be looking in the mirror and saying "I love you.", "I Love you" 10 times every morning.

Malaka said:

When I was told yesterday that Mr Slade was manager I did ask if there was any further developments and was told that he hadn't heard anything more about a takeover going on or not taking place.

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Loving the new Avatar mate

Seamus1 said:

Could the good news from Mark Sephton have been the appointment of Russell Slade as manager, in which case he was spot on with his tweet?

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Didn't Mark Sephton DM somebody to say that it was a takeover

mrtrench said:

Nope. I knocked a spreadsheet when I first saw the numbers. Even with the most outrageous assumptions I couldn't get close to the costs in the accounts.

Cannot prove a thing; have no evidence; but I smell a rat.

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Seamus1 said:

Could the good news from Mark Sephton have been the appointment of Russell Slade as manager, in which case he was spot on with his tweet?

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Wouldn't of had a clue about RS and also confirmed it was a takeover.

"It will send a ripple through cov fans."

no_loyalty said:

No, as he emailed me claiming there was going to be news of a takeover announced before Christmas

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Oh, my apologies.

I will look forward to hopefully seeing more news coming through then.

Sorry again.

Nick said:

That's a negative attitude, you should be looking in the mirror and saying "I love you.", "I Love you" 10 times every morning.

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Are you a life trainer as well? ( did you see Peep Show when Jez became a Life Trainer? )

As I have been referred to again about the contents of the accounts a few comments.

- what I said is that from the only published information we have (the filed accounts) there is no evidence of management charges, misappropriation etc. That doesn't mean there couldn't be but there is nothing to say there is. The only way anyone finds out for sure is for us to analyse the records - never going to happen

- some of the claims made on here would have to be disclosed in the accounts in order to comply with law and regulation. If they are not then the auditor has a duty to include that information in the audit report Again there is the possibility of error but no evidence of that. the answer according to some is apparently obvious deception and collusion or sheer incompetence, Or simply nothing to see. take your choice

- the pension is the clubs share of the actuarial calculated deficit of the EFL pension scheme(300K +) plus the contributions for 2015. No great mystery and the details are disclosed in 3 separate places in the accounts 2015

- Wages & salaries. Lot of assumptions being made so I am going to make a few of my own. We know the directors got £314k. We don't know the stewards payments but say average of 50 stewards for 5 hours at £8 ph for 25 matches (including cups etc) that's 50k. then there is the commercial and admin staff (20 in all but exclude 2 directors say 18) That includes the likes of shop and ticket staff, commercial managers, club accountant etc say an average of £20kpa = 360k pa. That leaves £3.57m for players, managers & coaching staff. There are 105 of those and that gives an average salary of 34k or £654pw. That's of course before dealing with where agents fees and payments to former managers are disclosed. The 34K is an average of course as the senior players would be on more and academy players less. similarly would the manager earn that ?

-player dealing. From 2008 to 2015 the club has had player sales of £15.9m and player purchases £7.86m. That information is from the accounts which means the profit of £8m has been applied to reducing the losses shown in the accounts, ie paying the expenses of keeping going. Could the expenses include a cut or payment to SISU see comments above.

- With a charge for interest on loans included in the accounts but not physically paid and accrued to increase debts why would they need to hide large amounts in order to extract value?. In any case if they are performing functions for the club then they are entitled to be reasonably recompensed.

Does it really make sense for SISU to put in new loans in order at least in part to extract funds to themselves? Knowing there is every chance they wont get their capital back?

- Fishers comment on operating profits before player sales, exceptional items and interest. These are the details disclosed in the group accounts (I have taken those figures rather than Otium because it excludes any inter group transactions and the football club is the only trading part in any case)
- 2009 £6.16m
-2010 £6.96m
-2011 £6.8m
-2012 £5.3m
- 2013 £6.9m
-2014 £5.4m (excluding the 1.5m write off of the Otium purchase cost)
-2015 £4.7m
No great improvement in those years, can only hope 2016 & 2017 are better but the only way that happens with dwindling crowds is by slashing costs (wages in particular which can seriously affect achievement) so improvement in operational profit is a double edged sword. Bottom line is the club requires player sales and non payment of interest to keep going

Captain Dart said:

Well I noticed that an item entitled 'other pension costs' jumped from £19.5K in 2014 to £337.5K in the 2015 accounts, why?

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OSB has just explained, Making up EFL fund deficit. No one else has patience to read a whole set of accounts.

no_loyalty said:

No, as he emailed me claiming there was going to be news of a takeover announced before Christmas

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Which post was that in?
I can see your post where he said he's tied with what he can reveal.

oldskyblue58 said:

That leaves £3.57m for players, managers & coaching staff. There are 105 of those and that gives an average salary of 34k or £654pw.

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This is the line where I believe professional fees could lie. The average means nothing over such a wide spread of salaries. 105 managers and players for £3.57m.

We have maybe 50 players and say 15 coaches and managers. You have to add in Fisher & friends and an office manager but I cannot see how we could get to 105.
You would expect the bulk of the cost here to be on maybe 15 senior players. Without a chunk of money going to management consultancy etc. I cannot see how we get to £3.57m.

I'm not suggesting it's illegal, but it does suggest to me that a small number of people are taking quite large payments for something.

Seamus1 said:

Oh, my apologies.

I will look forward to hopefully seeing more news coming through then.

Sorry again.

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No worries mate, we all want positive takeover news just hope we get it soon

average L1 salary is 69500 pa for a squad of 25 that equates to £1.74m (that's well below our SCMP budget). Then there are performance bonuses to add in. Then add manager and his immediate support team like Venus & Clapham, I doubt you will get much change out of £500k. Fisher said that they spent 600k on the academy staffing. Then start adding in the other support staff and payments to non first team squad players. plus payments to former managers and their Support staff. Plus any ancilliary costs like agents, benefits in kind, etc. club doctor, physios, sports analysis (if paid but often free from local uni students), groundstaff, scouts if paid. Yes I accept it could be possible there are other charges in there but it is not impossible to get to the £3.57m either

no_loyalty said:

No, as he emailed me claiming there was going to be news of a takeover announced before Christmas

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Can you email him back and ask if there's been any update since the last email and can he give any clues?

Unlikely that he will but worth a shot.

Skyblueweeman said:

Can you email him back and ask if there's been any update since the last email and can he give any clues?

Unlikely that he will but worth a shot.

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I want to hear something really positive before Christmas....... get back in the spirit since that tosser drove into the crowd...

oldskyblue58 said:

Then there are performance bonuses to add in.

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At least we don't have to worry about those.

oldskyblue58 said:

Then there are performance bonuses to add in.

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Surely some mistake?

going to depend on what was in the contracts isn't it ....... we don't know any possible trigger points so it cant be entirely discounted. Even given the final league position or periods of under performance

Skyblueweeman said:

Can you email him back and ask if there's been any update since the last email and can he give any clues?

Unlikely that he will but worth a shot.

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Hello mate here is his contact email, info@marksephton.com

I will reply to his email and post his response (unless he doesn't respond due to him giving Fisher a back rub)

no_loyalty said:

Hello mate here is his contact email, info@marksephton.com

I will reply to his email and post his response (unless he doesn't respond due to him giving Fisher a back rub)

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Are people still listening to him?

Remember that other social media coach, the one who was going to facilitate meetings?