ClarkeZ
Well-Known Member
That's the information I didn't know. Thanks for clarifying.
It does limit us, which is a concern, but its better than situations we have been in in recent history.
That's the information I didn't know. Thanks for clarifying.Yes the club is more financially stable. Is it an actual strategy or is it that the investors have said no more funds take your pick. But in theory the debt burden is not getting larger and the club is only spending what it gets in - assuming that the interest is not demanded
What it does set is a limit on expenditure which in turn because the income is restricted impacts on the ability and ambitions of the club.
The creditors are to the owners Sconset & ARVO who are managed by their agents SISU on behalf of investors. Doesn't matter if it is "Owner" debt or not it is still a liability that impacts on the going concern of the group, is due for repayment, accrues interest, is secured on assets and forms a large obstacle to anyone wanting to acquire the club. The owners might be less likely to call it in than say HMRC but we should not rely on that - especially when it will be an investment not football finance decision
So don't moan about investment then? It is more ironic that those shouting NOPM shout the loudest about budgets and investment.
I don't blame SISU if they won't want to cover further losses; clearly, they have no obligation to do so. Unfortunately though, big investment is what we need, so if they don't fancy it (and, again, it's their choice), they should hand over the club to someone who does want to give us big backing.
Wtf do you mean "Didn't know" I've been telling you the same thing as OSB58 has said ffs!That's the information I didn't know. Thanks for clarifying.
It does limit us, which is a concern, but its better than situations we have been in in recent history.
Such a shame you didn't know that information earlier, would have saved all this shouting!What OSB58 said.
Like you shouting the loudest in SISU's defence?So don't moan about investment then? It is more ironic that those shouting NOPM shout the loudest about budgets and investment.
Like you shouting the loudest in SISU's defence?
Are you real? OSB58 has said this on a few ocassions.Such a shame you didn't know that information earlier, would have saved all this shouting!
Of course it is exploding into a big SISU drama.
People don't seem to grasp we are in League 1 and that our manager is a League 1 Manager. League 1 Managers have restrictions, that is football. People just keep shouting "give him money for a striker" but they failed to acknowledge he had already signed 2.
The example was the guy sat near me the other week, at the start it was "I cant believe SISU actually paid for a player, i'd never expect it (about turnbull)" and when by the end of the half he was that angry it was "SISU don't even let Mowbray buy players".
It is as if people don't want to take a step back and understand things, or see the bigger picture that is football in general.
F**k off Nick. Anyone that says anything detrimental about SISU and you're all over it like flies round s**tWhere?
No you didn't. You vaguely said SISU want their money back.Wtf do you mean "Didn't know" I've been telling you the same thing as OSB58 has said ffs!
Exactly, and those two 'strikers' he signed first; Reid and Thomas, don't look to be particularly good on first inspection. Obviously we will pass any further judgment until they've had more time, but that, as I keep saying, points to the managers recruitment rather than SISU's faults.
Patience, my good man, patience.And it is all well and good saying that.
If there is a rich Arab waiting to come in and build us a stadium near the city centre and plough millions in just as a bit of fun then where is he?
The bloke moaning near me was completely oblivious to it, he either really didn't know or was completely blocking it out.
Should we just let the manager sign players, if they dont work just keep bringing in more and more until they do?
Same with Reid, we don't play Wingers. We brought wingers in on trial, we don't play Wingers.
I think there are not many though who believe they will win the legal wrangle though. Not done particularly well so far have they!My old fella said to me the other day that he had heard that Sisu would want 70 million to sell up and move on and that balance sheet seems to prove it. All they are doing is trying to stay cash neutral, treading water suits their game while they pin their hopes at getting a return on their judicial reviews. They are a business that will only invest if they can see a return so that counts us out. The only time that this club will get a new owner is if they liquidate and some one picks up the pieces. The fact that the club is failing will only contribute to their legal case in their eyes as it will be an increase in any possible damage's that they can apply for in the long run. They made a mistake buying us, if they would admit it and they are just letting it free wheel now.
True, but the other point worth mentioning is that SISU have caused so much bad feeling that a new set of faces round the table, even without putting in more funding than SISU do, would surely help us make progress on some fronts.And it is all well and good saying that.
If there is a rich Arab waiting to come in and build us a stadium near the city centre and plough millions in just as a bit of fun then where is he?
True, but the other point worth mentioning is that SISU have caused so much bad feeling that a new set of faces round the table, even without putting in more funding than SISU do, would surely help us make progress on some fronts.
Can we get some things straight about liquidation.
- it is not administration there is no coming out the other side and carrying on under a different ownership
- a liquidator sells everything he can, but it is no longer a going concern so the values are often very much lower than you may expect, and the sale proceeds are distributed to pay the liquidator and creditors
- liquidation immediately means the Golden share goes back to the FL and the members vote on who then gets it next season
- liquidation means that all contracts cease including players, academy, ground etc
- players are free to make other arrangements
- it is not a solution it is an extinction
Why the f**k shouldn't I moan about investment? Investment in football clubs is the "Norm" requirement of Football Club owners... Or am I missing something?So don't moan about investment then? It is more ironic that those shouting NOPM shout the loudest about budgets and investment.
Why the f**k shouldn't I moan about investment? Investment in football clubs is the "Norm" requirement of Football Club owners... Or am I missing something?
Which part of... "CCFC owe SISU £30m+ and SISU want it back" Didn't you understand?No you didn't. You vaguely said SISU want their money back.
OSB actually gave me the information I didn't know, exactly where the money SISU originally put into the club came from, where the liabilities sit and the risks associated.
You've angrily given me vague arguments which had no understandable factual basis, which is where OSB differed from you.
No major debt??? We owe SISU and their investors(Acording to SISU) a bare minimum of £30m+ and you say "No major debt"
I've ploughed more than my fair share of money into CCFC over the 50 or so years of supporting them. So don't fucking tell me my stance against SISU is wrong!..... Still want to buy your dream car off me without test driving it or even seeing it first?Fans supporting their clubs rather than refusing to so they can "starve" them is probably what you are missing. Oh, as well as the irony.
I've ploughed more than my fair share of money into CCFC over the 50 or so years of supporting them. So don't fucking tell me my stance against SISU is wrong!..... Still want to buy your dream car off me without test driving it or even seeing it first?
Which part of... "CCFC owe SISU £30m+ and SISU want it back" Didn't you understand?
Mind you, Ray Ranson is Quoted "CCFC are one of only three Football Clubs not in debt" Yet not long after this f**king mahooosive lie did we all find out the debt had been restructured into(I think) bonds. Which however you look at it meant we STILL owed those lying ba***rds ££30m+
The club effectively "owing" the owners money is different. Its not with creditors who are demanding the repayments, which leads towards problems like administration etc.
The vague blanket use of "sisu". Hence why I went on with the metaphor regarding putting money into your own business.Which part of... "CCFC owe SISU £30m+ and SISU want it back" Didn't you understand?
Mind you, Ray Ranson is Quoted "CCFC are one of only three Football Clubs not in debt" Yet not long after this f**king mahooosive lie did we all find out the debt had been restructured into(I think) bonds. Which however you look at it meant we STILL owed those lying ba***rds ££30m+
That was me, not Nick. And that was before I was corrected by OSB in where the finance had come from.That is the most amazing piece of shite I have heard in decades !
That was me, not Nick. And that was before I was corrected by OSB in where the finance had come from.
My old fella said to me the other day that he had heard that Sisu would want 70 million to sell up and move on and that balance sheet seems to prove it. All they are doing is trying to stay cash neutral, treading water suits their game while they pin their hopes at getting a return on their judicial reviews. They are a business that will only invest if they can see a return so that counts us out. The only time that this club will get a new owner is if they liquidate and some one picks up the pieces. The fact that the club is failing will only contribute to their legal case in their eyes as it will be an increase in any possible damage's that they can apply for in the long run. They made a mistake buying us, if they would admit it and they are just letting it free wheel now.
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