dongonzalos
Well-Known Member
Unless you are calling Gary Hoffman who explained Mr Haskell's plan a liar, then he has
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Just For Fun: Your Preferential New Owners and Why (1 Viewer)
- Thread starter torchomatic
- Start date
Unless you are calling Gary Hoffman who explained Mr Haskell's plan a liar, then he has
stupot07
Well-Known Member
i may be wrong but as far as i understand the Higgs centre wasn't purpose built for the ccfc academy, it was supposed to be a community asset/leisure centre?
And where did I outline a plan to abandon it? I'm questioning where the funding would come from.
Grendel
Well-Known Member
Also you state he has had a bid agreed for the Higgs charity stake. Has this been confirmed by PWKH?
Bluegloucester
New Member
It would be very interesting if he has bid, where would that leave Sisu?
Sky Blue Kid
Well-Known Member
It wasn't so much that Haskell was outbid, the Leeds board went with the original bid because things had moved significantly down the road before Haskells bid.......In short...the Leeds board had scruples..Something SISU have not!
dongonzalos
Well-Known Member
Are Mr Haskell and Mr Hoffman liars?
"I have an agreement in principle to purchase the Higgs Trust's 50% share of the Ricoh and take over its management," he said.
"The agreement is on condition that I am allowed to purchase Coventry City once the administration process is completed"
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deanocity3
New Member
that chap that phone stuart linnell yesterday afternoon about 4.45
Mucca Mad Boys
Well-Known Member
It wasn't so much that Haskell was outbid, the Leeds board went with the original bid because things had moved significantly down the road before Haskells bid.......In short...the Leeds board had scruples..Something SISU have not!
Would you give up 40m without a fight? SISU are chancing recouping their investment, like everyone is happy to point out, they are a hedge-fund, hedge-funds take risks no one else does. I admit that I probably wouldn't leave if I were SISU now, I'd at least want to cut my losses by as much as possible.
The end game must be:
- shift as much debt onto CCFC from other ventures
- regain outright control of CCFC, then, sell to Byng or PH4 or anyone, for a sizeable fee which will make their stay at least half-worthwhile for their coffers.
Firstly I doubt they have lost upwards of £25 million in reality, the rest is clever accounting, much of which is just paper transactions between tiered layers of bullshit holding companies. Then there is the mysterious £2.6 million management charges for a couple of years and on top a bundle of high interest charges. When they do sell at a loss if it comes to that, there will also be a significant tax vehicle for them to offset obligations from more profitable ventures elsewhere.
dongonzalos
Well-Known Member
Bloody hell that accountant must read this site as well.
Well it is the best accountancy forum on the web :claping hands::claping hands::claping hands::claping hands:
Mucca Mad Boys
Well-Known Member
They've spent around 10m on transfer fees alone, factor in; signing fees, agent fees, wages etc. there's rent for 5 years? So another 6.4m, that's already nearly 6.4m (I don't know what our wage budget was and how much we spent a year, I know agent fees 1 season was around 148k (ish) and signing fees are truly unknown) I haven't even touched on the other runnings of the club, it's probably closer to 40m than 25m - we don't have all the figures so realistically whatever we say is a guess, the only people who have all of these facts our SISU and they are more likely to be right than us who are second guessing.
But assuming it is 25m, that would actually make a risk taker more likely to take the risk, because it's less money to recoup.
You are undervaluing money here in a sense, 25m is a sum of money that probably none of us on here will see in our lifetime, so I'd still fight unbelievably hard for 25m if I was put in that situation.
We all know SISU's investment has failed, but, put yourself in their shoes, I wouldn't just walk away from a club with potential after I've blew 25-40m (whatever, doesn't really matter, it's still an unbelievable sum of money) on this same club, they want to cut their losses, at worst!
oakey
Well-Known Member
TF, at the forum on Friday, claimed we have broken even on transfers, in other words they have got back anything they paid out. So please stop pretending they have spent any money.
They haven't ... Except to pay wages and operating costs, which must be lower than income. Do the maths, it really is quite simple. The only way we can be losing money is on debt repayments and other management charges loaded onto the club.
I blame the council for the club's inability to make the cheque book balance.
They haven't ... Except to pay wages and operating costs, which must be lower than income. Do the maths, it really is quite simple. The only way we can be losing money is on debt repayments and other management charges loaded onto the club.
I blame the council for the club's inability to make the cheque book balance.
Why the council . Sisu knew the rent costs when they got the club for basically fuck all. They have only paid rent for 5 yrs and the total is a drop in the ocean compared to there apparent overall debt .
oakey
Well-Known Member
I was being ironic or sarcastic.
Of course the council cannot be responsible for how a company runs itself but some of our fans still fall for the smokescreen that it's the rent that is the issue.
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Mary_Mungo_Midge
Well-Known Member
Forget the transfer fees. Even Fisher admits we've recouped as much as we've spent. My estimate was that, over the years, they are £7m up in transfer fees; but even if you believe Fisher - and that's up to you - we're neutral. So their net position even believing him is £0, not your £10m
My bad :facepalm:
Yeah him and Pete from Bagington on Sl's previous show.
Hobo
Well-Known Member
Not Sisu, because they have had long enough to show they can't be trusted and are crap.
I would like someone who can afford to buy the Ricoh and develop the resources around it. I would like them to put some of the money back into the club. The club must be run on a sensible business plan with the emphasis on a youth policy. I believe a little investment early on can get us back into the championship, and then longer term planning from there.
I want a team that plays with pride and plays attacking passing football. If we win some and loose some so be it. I just want to follow an honest and transparent football team. SISU just don't have that profile.
I would like someone who can afford to buy the Ricoh and develop the resources around it. I would like them to put some of the money back into the club. The club must be run on a sensible business plan with the emphasis on a youth policy. I believe a little investment early on can get us back into the championship, and then longer term planning from there.
I want a team that plays with pride and plays attacking passing football. If we win some and loose some so be it. I just want to follow an honest and transparent football team. SISU just don't have that profile.
Bluegloucester
New Member
Go the Hoff
Mucca Mad Boys
Well-Known Member
My point wasn't on net transfer spend, because at a rough guess, I'd say we've got around 11-12 back in transfer fees, that wasn't my point. My point was money that's gone in into the club, just because we sold players doesn't mean that they haven't put 'x' amount of money into transfers - people like Dann wouldn't have fetched a nice profit had it not been for the initial investment.
To make it absolutely clear, I'm not on about net money put into the club, just total that has gone in.
What's the point then ?:facepalm:
Mucca Mad Boys
Well-Known Member
I quite clearly state that the point is how much money has gone in.
Mary_Mungo_Midge
Well-Known Member
They haven't put that money in. You're fundamentally wrong. That money was self-generating. Let me give you an example. Leon Best. Purchased before they bought the club. Sold during their time; some of the money used for other players.
If it's not 'net' it's not 'in'
dongonzalos
Well-Known Member
Do you like their plan?
covcity4life
Well-Known Member
voted haskell has close to agreement for 50% of ricoh, his dad has worked with sports clubs before and hoffman may stick with ransons gameplan of getting quality signings and this time keeping them toegether.
dongonzalos
Well-Known Member
Ok , sorry read it as that's my preference. Was intrigued, it is at least 2 people's genuine preference would love to hear why.
Without attacking them
ajsccfc
Well-Known Member
If any of the other votes are actually genuine, there's little point them trying to explain any reasoning behind it. For every person who would entertain and actually try to understand such a viewpoint here there would be five calling them club-killing traitor bumlickers without thinking.
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