there not close to break even are they? If they were they wouldnt be in shit street still. Please do the maths. Also, as much as i admire your faith is fisher he's a spin doctor and a good one. Were not losing 500k a month. That was 2 years ago. Even with no gates in were not leaking 500k even for 1 month. I wont believe that.
Losing £500k pcm??? (1 Viewer)
- Thread starter CJparker
- Start date
there not close to break even are they? If they were they wouldnt be in shit street still. Please do the maths. Also, as much as i admire your faith is fisher he's a spin doctor and a good one. Were not losing 500k a month. That was 2 years ago. Even with no gates in were not leaking 500k even for 1 month. I wont believe that.
Grendel
Well-Known Member
Well you must have inside knowledge then - please tell.
Disorganised1
New Member
Could be they are factoring in redundancy payments....... for all our chairmen
Stevec189
New Member
Don't forget TV revenue will drop significantly next year to around £1 Million from whatever it is currently (£7M rings a bell but can't be arsed to check). The wage bill has not fropped by anything like that amount. Factor in reduced reveue from Season Ticket Sales and projected lower attendances (typically 20% on relegation) then I can easily see where £500K a month is coming from. Half the stadium revenue would help plug the gap but nowhere near fill it!
LeamingtonBootBoy
New Member
Any business which is as behind with its accounts as SISU are, are up shit creek...and anything else that they say is complete bollocks.
And remember that these accounts are not just one year behind, they are unknown from April 2010....over 2 years!!
And remember that these accounts are not just one year behind, they are unknown from April 2010....over 2 years!!
skyblue1523
New Member
well it must be on wages as we are not paying rent
just like i'm telling everyone. some on here think were about to break even!!! Talk about sky blue tinted glasses.
smouch1975
Well-Known Member
It could possibly be that CCFC is still spending £500k per month, in the form of putting money back into SISU
Remember SISU's claim of investment has already been exposed as a loan, why would they not be calling monthly on it?
Remember SISU's claim of investment has already been exposed as a loan, why would they not be calling monthly on it?
shmmeee
Well-Known Member
Because it makes no sense. They'd need to take out a loan from Sisu to pay a loan to Sisu.
My guess is £500k is all the player wages of people whose contracts are up this summer, the rent (it's still a debt if we don't pay it) and is last month so no ticket income.
Mary_Mungo_Midge
Well-Known Member
As an isolated statement, the figure - whether it's accurate of not - is meaningless. Some bills, the rent for example, may fall due quarterly. If the rent's over £1m, then the quarterly rent invoice will be in excess of £250K. Slap that on your overhead in one month and the figures, for that month, would look poor of course. But the next two months until the next quarter is due would look better.
Depends of you decide the quote the bad month in order to paint a picture. A bit disingenuous, but that's SISU all over for me.
Of course, I cite rent. It could equally be management charges, director's remuneration, etc
Depends of you decide the quote the bad month in order to paint a picture. A bit disingenuous, but that's SISU all over for me.
Of course, I cite rent. It could equally be management charges, director's remuneration, etc