I don't need to go on a course you just need to explain things clearly instead of just random mumblingGo on a course then... i only wrote it I never professed it made sense
No I got that boss.At the moment the 42 million sits in their investment portfolio. Take it out and it becomes a 42 million loss from their investment.
The bit I don't get about that is that we can see they have lost millions and won't be getting it back. Don't the investors, whoever they are, see the same situation, whether the losses are crystallised or not?
To be fair, Wasps took massive advantage of our desperate situation. If they didn't, then our current situation and outlook 'could' look a lot different.
You're right that our owners right royally fucked things up. But Wasps took the situation to their advantage and to our increased disadvantage.
Remember, they're owned by a hedge fund...morals aren't exactly at the top of their agenda and in this instance, it added a big pile of dog shit onto an already steaming pile of dog shit.
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To be fair, Wasps took massive advantage of our desperate situation. If they didn't, then our current situation and outlook 'could' look a lot different.
You're right that our owners right royally fucked things up. But Wasps took the situation to their advantage and to our increased disadvantage.
Remember, they're owned by a hedge fund...morals aren't exactly at the top of their agenda and in this instance, it added a big pile of dog shit onto an already steaming pile of dog shit.
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I like my random mumblings btw I never meant it as harsh as it may have readI don't need to go on a course you just need to explain things clearly instead of just random mumbling
I suggest Sisu cried wolf too many times and CCC took them at their word.Remarkably we even had some posters applauding them for their good business sense.
Are you available for the Trust meeting should TF pull out ?I would imagine that it would be part of a wider portfolio and could therefore be offset by other businesses as part of the investment; it is unlikely that they would have sole investors in CCFC.
Surely if there's a season ticket boycott then the remorseless decline continues? - not what I understand as "ticking along" And I would have thought that you'd have to sell a fucking shedload of season tickets to "pay back" SISU. Wouldn't that scenario leave them rubbing their hands and deciding to stay put for the foreseeable. Fans are caught between a rock and a hard place.If the planned boycott of season tickets happens it ticks along if there is an influx of season ticket sales it pays them back quicker so they may fuck off quicker... just a thought
No clue. Could be invested in a firm specialisation in dalmatian fur garments and I'd be none the wiserCrystallising losses is being mentioned a lot at the moment but unless SISU think they have a good chance of getting a return would they not have been writing down the losses over the last few years. CCFC will be part of a wider portfolio of investments, if other parts of that portfolio are performing well then losing £40m on CCFC isn't going to be a problem.
Look at something like your pension. You know what company your pension is with. You possibly know what plan you are on. How many people know what schemes their plan invests in and of those that do how many know what the individual components of those schemes are?
We would still be in Northampton waiting for CCC to give up the stadium after ACL had folded.
Whilst in no way desirable, at least we'd still have a chance of owning our own stadium for the next 250 years and likely be in a much better financial position...
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No way desirable ?
Sisu would gain and ACL, Higgs and CCC would loose out. Where does CCFC gain ?
Surely the balance sheet asset will be reviewed on an annual or periodic basis. Thus the true and fair value of CCFC is certainly not 40 mill. I'd suggest that they have already written off the asset or have made a provision for it in creditors already.Crystallising losses is being mentioned a lot at the moment but unless SISU think they have a good chance of getting a return would they not have been writing down the losses over the last few years. CCFC will be part of a wider portfolio of investments, if other parts of that portfolio are performing well then losing £40m on CCFC isn't going to be a problem.
Look at something like your pension. You know what company your pension is with. You possibly know what plan you are on. How many people know what schemes their plan invests in and of those that do how many know what the individual components of those schemes are?
To be fair, Wasps took massive advantage of our desperate situation. If they didn't, then our current situation and outlook 'could' look a lot different.
You're right that our owners right royally fucked things up. But Wasps took the situation to their advantage and to our increased disadvantage.
Remember, they're owned by a hedge fund...morals aren't exactly at the top of their agenda and in this instance, it added a big pile of dog shit onto an already steaming pile of dog shit.
Nothing upsets a landlord more than their tenant not paying their rent. It was always likely the landlord would want to deal with anyone else at all, even another Hedge Fund, than a defaulting tenant.
Of course Wasps at the Ricoh has dumped more shit on our future.I can't disagree with that but my point still stands. Wasps riding into town still dumped more shit on our future, on top of the poor outlook created by SISU/B.Richardson.
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Crystallising losses is being mentioned a lot at the moment but unless SISU think they have a good chance of getting a return would they not have been writing down the losses over the last few years. CCFC will be part of a wider portfolio of investments, if other parts of that portfolio are performing well then losing £40m on CCFC isn't going to be a problem.
Look at something like your pension. You know what company your pension is with. You possibly know what plan you are on. How many people know what schemes their plan invests in and of those that do how many know what the individual components of those schemes are?
So is this happening then?Just for arguments sake, if you were to do this would it probably be best done in the FT, and even better through the FT online. Would probably be it's most effective and online could be shared and reshared? And how much would this cost? Would be more than happy to contribute.
All the links eg sisu avro etc can be cited in the ad as they are available for anyone to see in the published accounts, just needs to be highlighted In a clever yet legal way
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Something I have mentioned before, I think it is a risky strategy but one that would yield a reaction from some quarters.
Not sure the investors know they are investing in CCFC though? That's where this falls down.it could be that you are an investor through a third party and know nothing about it.
Please can you explain thatNo idea how viable it is but have heard the theory that we are a place to dump debt from elsewhere in their portfolio. Like i say not sure if it's likely or if it's show in the accounts.
Please can you explain that
Didn't Joy say that ship had sailed?I meant that being in Northampton isn't desirable.
Ultimately I want what's best for our club. Not Wasps. So I'd rather they lost out and the other parties mentioned had the balls to understand that SISU won't be here forever rather than selling to another hedge fund which, as I mentioned, has added more shit on top of what we've already suffered.
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Didn't Joy say that ship had sailed?
We never would have owned the Ricoh, she didn't want to pay.
Anyone believing any different is living in cloud cuckoo land.
She does not care unless she gets it for fuck all she is not interested. She got the club for nothing spent nothing anyone who believes she has invested 60 million into this club is as deluded as TF.
Does anybody on here have any experience in advertising or content production that would be useful is putting an ad in the FFT or something similar? I don't mind setting up the crowdfunding but I have no experience in actually producing an ad.
Looking at the accounts the tax man may force their handIf they sell the club for say 3 million the debt is crystallised and becomes a real loss In the eyes
of their shareholders, this is the reason often put forward for them not wanting to sell.
I get that.
But if they file for insolvency and "wind the club up" is the debt crystalised in the same way, does
The debt become a real loss to their shareholders in the same way, and at the same level.
I don't know the answer, if anyone does could they please enlighten me.
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