Brylowes
Well-Known Member
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.
Investment on the Horizon? (13 Viewers)
- Thread starter Malaka
- Start date
I doubt they ever call on that number, JPT games there's probably less than 100.
eedyut
Well-Known Member
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?
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?
Brylowes
Well-Known Member
You a songwriter, that sounds Lennon & McCartneyesque.
Captain Dart
Well-Known Member
Is the special cake kicking in?
eedyut
Well-Known Member
No, but the mandrake is.
eedyut
Well-Known Member
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
Brylowes
Well-Known Member
Needs work, but not bad.
skybluedan
Well-Known Member
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
idm1975
Well-Known Member
Yawn
Malaka
Well-Known Member
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.
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.
D
Deleted member 5849
Guest
The Life Trainer will be used to looking silly, by virtue of being a Life Trainer.
Captain Dart
Well-Known Member
I knew that, I'm really asking who are the beneficiary's?
no_loyalty
Well-Known Member
No, as he emailed me claiming there was going to be news of a takeover announced before Christmas
Nick
Administrator
That's a negative attitude, you should be looking in the mirror and saying "I love you.", "I Love you" 10 times every morning.
Sky Blue Kid
Well-Known Member
Loving the new Avatar mate
fernandopartridge
Well-Known Member
Didn't Mark Sephton DM somebody to say that it was a takeover
Kingokings204
Well-Known Member
Wouldn't of had a clue about RS and also confirmed it was a takeover.
"It will send a ripple through cov fans."
Oh, my apologies.
I will look forward to hopefully seeing more news coming through then.
Sorry again.
Are you a life trainer as well? ( did you see Peep Show when Jez became a Life Trainer? )
oldskyblue58
CCFC Finance Director
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
- 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
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Captain Dart
Well-Known Member
OSB has just explained, Making up EFL fund deficit. No one else has patience to read a whole set of accounts.
Which post was that in?
I can see your post where he said he's tied with what he can reveal.
mrtrench
Well-Known Member
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.
no_loyalty
Well-Known Member
No worries mate, we all want positive takeover news just hope we get it soon
oldskyblue58
CCFC Finance Director
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
Skyblueweeman
Well-Known Member
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.
I want to hear something really positive before Christmas....... get back in the spirit since that tosser drove into the crowd...
chiefdave
Well-Known Member
At least we don't have to worry about those.
mrtrench
Well-Known Member
Surely some mistake?
oldskyblue58
CCFC Finance Director
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
no_loyalty
Well-Known Member
Hello mate here is his contact email, [email protected]
I will reply to his email and post his response (unless he doesn't respond due to him giving Fisher a back rub)
Nick
Administrator
Are people still listening to him?
Remember that other social media coach, the one who was going to facilitate meetings?