Seriously? this is the sort of thing that was perhaps relevent when they took us over and some people were worried because sisu are a hedgefund.
No one hates sisu now because they are a hedgefund, we hate sisu because they are killing our football club, have moved us out of the city, are lying to us, threaten fans with litigation and actually use litigation against a Charity that has done a great deal for our city, we hate them and think they are bad, not because they are hedgefund but because of their actions. Their filthy, self serving villainous, scummy fucking actions.
Well not even looked at the link to
know that 70million debt = bad
league one football = bad
Playing home matches outside cov = bad.
And Grego Gee = bad
I agree on a couple of points above SBJ, but where are you getting the £70m debt figure from?
WM
Appleton and SISUE themselves unless it is just mor
e bullshit.
Management fees of 2.5m over 6 years is 15m. That is nearly 25% of the 70m debt.
1.2m interest payable to SISUE a year interest payment. 7m.
So there is 22m before anything to do with our club has happened........like legal charges, wages for the muppets they keep putting in charge of our club, high wages for poor players they gave big contracts to........
Also you have forgot the 1/2million a month we were/are losing.
Here is a definition of What is a hedge fund from Investopedia
link
Hedge Fund Activism For Dummies said:Remember: Hedge funds don’t engage in activism because they’re good guys – far from it! Hedge-fund activists want to buy the shares of a company because they think those shares are cheap. If all goes well, and the judicious application of lobbying, legal threats, PR campaigns and the occasional whiff of mental intimidation(!) pays off, the firm’s shares increase in value substantially.
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