I go back to my point.
Were the co-sponsors of Sisu willing to put in £10M or £30M as part of the 50/50 transaction then that is the true value to Sisu.
I go back to my point.I think it’s £60m - and that is leaving any assets (player contract values, training ground, toilet rolls, golden share) in the business and handing over the keys as it were. I think SISU get out of jail and tidy their books and historic losses for that.
Grendel suggests much less.
OSB - I’m unsure. “Could be £18m could be north of £100m”. (I’m being slightly tongue in cheek. Just slightly).
To be honest I don't know, I've done them each week as they load, I thought I'd just give him a heads up that they exist.Can you? I didn't know you could do that?
Bang goes Christmas
The 60m quoted is the legacy debt that was bought for £1 - it’s a figure that’s there just to stop hostile takeovers. They’ll always control an Admin situation as they remain major creditorI think it’s £60m - and that is leaving any assets (player contract values, training ground, toilet rolls, golden share) in the business and handing over the keys as it were. I think SISU get out of jail and tidy their books and historic losses for that.
Grendel suggests much less.
OSB - I’m unsure. “Could be £18m could be north of £100m”. (I’m being slightly tongue in cheek. Just slightly).
I think it’s £60m - and that is leaving any assets (player contract values, training ground, toilet rolls, golden share) in the business and handing over the keys as it were. I think SISU get out of jail and tidy their books and historic losses for that.
Grendel suggests much less.
OSB - I’m unsure. “Could be £18m could be north of £100m”. (I’m being slightly tongue in cheek. Just slightly).
Just checked, you can't so Christmas is safe.Can you? I didn't know you could do that?
Bang goes Christmas
OkThe 60m quoted is the legacy debt that was bought for £1 - it’s a figure that’s there just to stop hostile takeovers. They’ll always control an Admin situation as they remain major creditor
buy Otium for 20m, the money they’ve put in. SISU then liquidate SBSL
Well yeah as outside of the loans, its funds and assets the club itself generates.Ok
So SISU would take £20m and pop the rest?
For a company wit revenues of £15m or whatever and with probably £25m worth of players, £5m of probable sell on clauses on the books and with a fluke chance of making the £100m Premiership jackpot.
Ok then.
I’d beg to differ.
If that’s the case we will soon hear about I’m sure.No, I think the council were playing nicey nicey on the outside, rubbing their hands together thar the club were keeping acl out of admin, whilst talking to NEC/Mike Ashley to do a deal (possibly knowing SISU wouldn't attempt to do anything until asmin!??)
Ok
So SISU would take £20m and pop the rest?
For a company wit revenues of £15m or whatever and with probably £25m worth of players, £5m of probable sell on clauses on the books and with a fluke chance of making the £100m Premiership jackpot.
Ok then.
I’d beg to differ.
Not sure what you’re driving at.Well yeah as outside of the loans its funds and assets the club itself generates.
I have a feeling that Joy might have a different view on those losses never being recovered.
I think if it was investment in, rather than loans your viewpoint has more weight, but those numbers you quote on income and assets generated belong to and within the club really.Not sure what you’re driving at.
Elegantly and excellently filibustered.It's not about what she wants anymore if she wants out. Sisu are in a hole with limited options. Everyone knows that.
Anyone looking at buying the club will purchase the following not the shares.
The right to play golden share
The playing squad
The training ground on a current use basis not development basis.
The trademark
The website rights
Fixtures fittings and equipment.
There isn't much else. There is no stadium and whatever is left on the current lease or licence hasnt got a huge value and could even be circumvented in any case.
I do not see 60m in that list to be honest
Any buyer simply won't be interested in her investment losses. No buyer needs to look at how much she has " put in"
Sisu will use the losses across the portfolio. A very big chunk of which they have manufactured by clever use of group accounts in any case.
If she wants to sell, I doubt it will cover the losses in the group accounts. Certainly no one needs to purchase sbs&l
A buyer doesn't even need to buy otium or pay off the approx 20 m or so of loans in that company
Joy should have sold last season
Not sure, but I think I did this to my friends downstairs lav after a night on the ale.What the fuck is filibustered?
Elegantly and excellently filibustered.
What do you think the figure is (to the nearest £10m)?
I’m sticking to 60 for the reasons mentioned. So long as the company churns and has a jackpot chance I don’t see a firesale.
I’m genuinely curious to know what you think her eBay reserve price is on the Club.
All
Parliament
Military
noun
- 1.
an action such as a prolonged speech that obstructs progress in a legislative assembly while not technically contravening the required procedures.
(Talking around the houses)
It's fairly irrelevant what "investment" has been made into any business, IF the owner decides to sell. The market will determine the value.
Unfortunately, if SISU value CCFC/Otium, etc at £60M they will not find a buyer. £30M seems far more realistic.
No.ironically it’s what @The Philosopher does all the time
Not always.Seems exceptionally generous to be honest
Not always.
Think negative equity mortgage but you are getting decent rental income and there’s a chance that HS2 is going to need to overpay in a few years.
Do you sell for less than you have loans against or sit tight?
It's when someone talks for so long on something that it can't go forward to a vote.What the fuck is filibustered?
It’s the sort of word that someone like, I dunno, Tim Fisher?, would use…What the fuck is filibustered?
I really hope she does 'want out', but where has that been said? The Times article a few months back suggested Sisu were looking for an investor to take the club on, but that was based on getting the Arena cheaply. Now that opportunity seems to have gone, could she just keep CCFC on life support out of bloody mindedness? That's my fear.It's not about what she wants anymore if she wants out. Sisu are in a hole with limited options. Everyone knows that.
Anyone looking at buying the club will purchase the following not the shares.
The right to play golden share
The playing squad
The training ground on a current use basis not development basis.
The trademark
The website rights
Fixtures fittings and equipment.
There isn't much else. There is no stadium and whatever is left on the current lease or licence hasnt got a huge value and could even be circumvented in any case.
I do not see 60m in that list to be honest
Any buyer simply won't be interested in her investment losses. No buyer needs to look at how much she has " put in"
Sisu will use the losses across the portfolio. A very big chunk of which they have manufactured by clever use of group accounts in any case.
If she wants to sell, I doubt it will cover the losses in the group accounts. Certainly no one needs to purchase sbs&l
A buyer doesn't even need to buy otium or pay off the approx 20 m or so of loans in that company. In deed why would anyone buy a company withthe huge liabilities that sisu have built up( loans & pref shares)
Joy should have sold last season
ExactlyIt's when someone talks for so long on something that it can't go forward to a vote.
It's basically used to obstruct motions in politics, the U.S. especially. Should be outlawed.
But OSB wasn't guilty of it was he?Exactly
How much did Sunderland go for this/last year?
Still not got his approximation of what SISU would take as lowest offer.But OSB wasn't guilty of it was he?
I think they tried to outlaw it but ran out of debating timeIt's when someone talks for so long on something that it can't go forward to a vote.
It's basically used to obstruct motions in politics, the U.S. especially. Should be outlawed.
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