SISU's finances - the effect of CCFC? (1 Viewer)

[singers_pore]

In 2007 SISU Capital bought CCFC. In 2007, SISU Capital reported turnover of GBP 25.4 million and an operating profit of GBP 15.9 million. Eight years later in 2015 SISU Capital reported turnover of GBP 1.1 million and an operating loss of GBP 0.3 million. I don't think it will be long before SISU Capital is liquidated. It's no wonder they need the club to "break even". Joy must be frantic.

 

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[rupert_bear]

Could that be why any possible I nterested party in taking over our football club are keeping stum, why pay 10,15, 20 million when if sisu continue on that path it or part of it could be picked up for buttons so to speak, could also explain why off loading players, Ryton training ground and the reluctance to commit to the academy, where decisions and answers are needed pretty soon and then there's the small matter of our ground issue.

 

[John_Silletts_Nose]

Factually correct, but there a number of other investments that were sold in 2007 which inflated the accounts that year. I would assume that most profits now are routed through the Cayman Islands so these are not seen in SISU Capital accounts.
I think your hope of SISU liquidation is not going to happen.

 

[Sky Blue Kid]

5-4-3-2-1.....