Given RR's background in football financing,notably at Leeds when Ridsdale and o'leary were running the show ,signing the likes of ferdinand ,kewell,Vaduka et al,£60 m. spending sprees in one summer window .Deals they could just about cover from their incomes but then leaving them short for the actual seasons operation,they formed a relationship withRR,whereby he raised equivilant funds for each player purchased which went back into the club and they paid off on an annual basis ,like a leaseback ,is it possible we used this type of facility when we spent our alleged £8m. on players ,meaning Sisu have had back their initial outlay ,and then taken the profit when dann and fox were sold,is there any potential for this in the huge losses we've accumilated,ie seasons with losses of £6-8 m.
RANSON ,ONE FOR OSB aND THE NUMBER CRUNCHERS (1 Viewer)
- Thread starter wingy
- Start date
Grendel
Well-Known Member
No you will never know. A private company with no external shareholders make it practically impossible to understand. One thing that cannot be correct is the assertion we are still losing £0.5 million a month.
If you do a crude maths equation assuming salaries are around £5million we must be running at revenue neutral now, so any losses of that magnitude have to be to offset loans paid out on the initial expenditure. This may be what you are referring to -- i.e. loans to fund player invstement.
If you do a crude maths equation assuming salaries are around £5million we must be running at revenue neutral now, so any losses of that magnitude have to be to offset loans paid out on the initial expenditure. This may be what you are referring to -- i.e. loans to fund player invstement.
skyblueben83
New Member
I didn't realise RR was/is being investigated for a loan to Cardiff City FC that a company he ran/involved with whilst he was Chairman of Coventry??
I don't trust SISU, Ranson or anybody connected. Just hope Hoffman isn't bringing in new investers that are exactly like SISU. Hope we get some clarity about who they are!
I don't trust SISU, Ranson or anybody connected. Just hope Hoffman isn't bringing in new investers that are exactly like SISU. Hope we get some clarity about who they are!
oldskyblue58
CCFC Finance Director
Anything is possible wingy. However the profit on the Fox & Dann sales is shown in the CCFC accounts and reduced the losses that year. Those accounts dont show any evidence of reducing the loans from the SISU funds. Plus if any assets are used to secure debts then that security in theory should be disclosed in the accounts. We have secured finance on players before under GR and this was disclosed in the accounts. Couldnt lease back a player as such as their registrations have to stay with CCFC but securing finance has been done before certainly - just i havent seen evidence of it in the current financial set up.
Does this in any way tie in with your cryptic comments on the 1st December thread ?
Does this in any way tie in with your cryptic comments on the 1st December thread ?
I think you have taken the CT figure of £8m wages reduced by £3m to get £5m - however the CT admitted that the £8m was a guess - they could not be bothered to look at the accounts.
the wages were £10m (see accounts)
the wages have been reduced by about £3m (see cov telegraph)
the wages are about £7m (interview with ken)
Companies do not publish how much they are losing each month - the last set of accounts is the only thing that can be quoted as it is backed up with numbers. However, it has been said they are looking at reducing the losses by 40% and breaking even next season.