I don't know how big the total portfolio of sisu is, but I am pretty sure it is many times bigger than ccfc.
Thing is with investments - some pays a dividend, some don't. Some pays big time, some lose big time.
Investors knows this is the nature of the game. You can't have only wins, there will be losses too.
Hedge funds are more speculative than 'normal' venture or investment funds. Their clients knows this, and they accept a larger risk.
So should sisu's funds lose all they have invested in ccfc, it won't hurt sisu or their reputation.
It won't destroy Joy's reputation. Maybe not even produce a dent.
So you are praying for an outcome that won't happen.
The final thing that you haven't said is that when the point of no return is reached then large scale investors will take a pragmatic approach, that is to say, write of their losses and not countenance putting more money in. This point has been reached, which means SISU have no alternative but to find a break even position, a buyer or worse case scenario liquidate.
That is its profit for one year and I believe that is before pre Olympic profits.
You have to pay for the potential as well
If you own both ACL and CCFC and you know you will run CCFC sensibly and successfully then you increase the value of ACL.
A promotion will increase the profits and value of ACL as will the railway station.
2012 accounts did not include income from olympics ...... that income will be in the 2013 accounts
The directors report details that ACL benefited from infrastructure improvements of £1m ( the work done on the A444 for example), it didnt cost them and they get any income from it