So we have finance until the summer what then? (1 Viewer)

[Steddy Eddy]

Hello all great forum and good banter to be had here, can anyone please answer the follwoing?

SISU advised they pumped in additional money to keep Coventry City FC afloat until the summer.

So what happens when this money runs out?

 

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[Coventry La La La]

Hey Eddy, I'm sure Sisu are trying to find investment so the money doesn't run out but if it does then only one things going to happen is administration.

 

[Regis87]

I thought they had the finance till end of season (i.e now) ! Have they got money for wages next week ? My firm is struggling to get payment for a building maintenance bill of under £500 ! Only 3 months overdue

 

[rob9872]

We'll be fine - have faith

 

[egastap]

Just a dumb question, but when it is quoted that so-and-so is on x,000 pounds per week, is that for the playing season of 40 weeks or is it 52 weeks a year? Anyone know?

 

[TheRoyalScam]

Normally for 52 weeks, salaried and paid monthly with bonuses and appearance money.

 

[MatthewWallis]

Just a dumb question, but when it is quoted that so-and-so is on x,000 pounds per week, is that for the playing season of 40 weeks or is it 52 weeks a year? Anyone know?

It's 52 weeks

 

[egastap]

Thanks guys. That would make the wage bill during the off-season pretty high with no income then?

 

[derbyskyblue]

Thats when season ticket money kicks in. In effect robbing peter to pay paul. I feel sure something will happen in the next month. Either takeover or admin, going on what sisu have put in.