So do we assume it was as high as £2.9M?
The forecast £2.3M plus Joys injection, or did 11000 per match generate £1.7m?
So do we assume it was as high as £2.9M?The only reason fisher claims its in the bottom half was, of course to justify his statement that immediately followed that one.
Also as I keep saying budgets are totally and completely irrelevant. They are a mathematical calculation and not what is spent.
Last season the club clearly was in the top end and it also clearly overspent its budget
They can't move the goalposts. The calculations are fixed based off projected earnings. Waggott got them wrong and in addition we signed far far more players in January than needed.
By that point we were clearly heading to an embargo and running out of cash.
Like the advert idea - do we know how SISU hedge fund investors get to make a nuisance of themselves. Can we, as a group of fans by a share/shares in SISU (don't laugh - yet!) and cause mischief from within?
No but it might be possible to do something with Brody. Didn't the SBT offer to buy his shares?
Agree. A full page advert in the FT or Times.
If every Cov fan donated £2 it would pay for it.
I will start the fund with a £100
It would certainly be the most effective way to get at SISU. But how do they perform overall. If the funds are providing growth overall how concerned would the investors be about the individual components of the fund?Agreed. The target audience for this should be within the financial sector, as its the only thing JS is really interested in. By highlighting the poor performance of her investment and lack of competence
I thought Sisu were struggling financially?It would certainly be the most effective way to get at SISU. But how do they perform overall. If the funds are providing growth overall how concerned would the investors be about the individual components of the fund?
Generally agree but not sure it is all down to waggot getting the figures wrong. Find it difficult to believe that the number crunchers at Sisu hq haven't been all over the figures. Fisher said that major decisions at Ccfc are signed off by Sisu...... annual budgets are major decisions. Similarly how is it they or the club didn't monitor the situation more closely? - an adjustment week 5 will have an effect week 52.
There is an element of its someone else's fault.
But as grendel says budgets are only calculations what counts is actual cash.
So what went wrong? They knew the season ticket sales by August and how that affected the budget, they couldn't rely on a deficit being made up from walk ups. Yet didn't adjust the budget? Sisu didn't oversee the budget ? Then they got the rise in average crowd which was made up of full price tickets? Yet still needed 750k short term loan from the owners, what expense in there was not expected that required such action..... they knew wage costs from August latest, season tickets had been mostly sold by that time.
To be honest water under the bridge , we will never know what really went on.
It is cash flow not budget that is important. The only way they make it work is by selling players, with front loaded payments I would think. That last bit is important because it indicates how desperate for cash they are, that the overall value will be negotiated down by the buyer the higher the upfront payment. When we are unable to create players of significant value and the performance payments run out then the problems really ramp up
In which case, if season tickets dip significantly next year (on the assumption that there is no positive news for fans in the meantime), there will be an almost laughably small squad next year padded out with academy players. TF will almost be at the point where he will want to clear out any players who are above minimum wages, plus anyone with ££ value (Rose, Jones, Stevenson, Willis?), those out of contract and next to no incoming players. We will have the youngest team in any division next season.
They may well be, if they are that would be a big help to anything that targets them. You would assume if SISU are struggling it means their funds are struggling but that is really the key. Lets face it the type of people that would be reading this wouldn't give a shit about the demise of a football club. It will purely come down to if it hits them in the pocket.I thought Sisu were struggling financially?
However, Fisher is potentially putting himself in the spotlight as the buffer, the fall guy to protect the main power brokers.
Look at who we've had before, in Ranson and Dulieu, both useless, self interested, and economical with the truth. Why would a Fisher replacement be any better?
Getting someone in who isn't a smug bastard would be a start.
I would certainly do this. Charlton apparently have a fighting fund of 30k I think I read. Maybe something for the Trust or got the Fight the Jimmy Hill Way group to coordinate.
Looking at their artwork for the last attempt I think not.
Who else could coordinate the collection of such a fund? I suppose we could ask Tim!Looking at their artwork for the last attempt I think not.
tbf he's only saying what we've both said (more subtlyWhy not make positive comments instead of constant criticism. What we need now is unity.
You have some good ideas and thoughts, so why not support and advise instead of negativity to those who are making an effort.
tbf he's only saying what we've both said (more subtly) in this thread.
Why not make positive comments instead of constant criticism. What we need now is unity.
You have some good ideas and thoughts, so why not support and advise instead of negativity to those who are making an effort.
Who else could coordinate the collection of such a fund? I suppose we could ask Tim!
Good point, an investors exposure to risk would depend on the weighting of their investment and what percentage was with the club. However, I don't know of any investor who wouldn't want an improved outcome - especially if they can see that the football investment will never pay a dividend.It would certainly be the most effective way to get at SISU. But how do they perform overall. If the funds are providing growth overall how concerned would the investors be about the individual components of the fund?
Have to say this pleases me, if we move to the BPA I think it would remove any (outside) chance
Of us ever returning to the big time, can't see anymore than 12.000 being allowed there.
i really don't think we have 8 years, we will be finished in 2. IMHO
No, but he's ruled out that the pitch invasion has no effect.has Sharpe ruled out the ground share now?
has Sharpe ruled out the ground share now?
No, but he's ruled out that the pitch invasion has no effect.
has Sharpe ruled out the ground share now?
For heavens sake Nick it was never on the cards, just like SISU buying the Arena was never on the cards.
In my opinion once ARVO became involved and Seppala took charge the club was only going to be an asset stripping exercise.
I think there will be one more SISU season before she spits out the husk and sells to the highest bidder.
* All my opinion.
There's not really a lot to be taken from what he actually said. The only bit of the article that's a quote is:has Sharpe ruled out the ground share now?
“We don’t pay any attention to it. That’s about the football club.”
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