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There are no details available regarding the funds so it is hard to say how they are performing or if they are a shambles. But in theory it would be possible to create paper value or profits.... they would have to make sure it was documented and based on sound principles though. To just create...

Congratulations! hope grandchild and mum are both well

Otium trades as ccfc match incomes commercial income and player sales largely fund the club. It is a separate legal entity controlled via investment funds by sisu. When there is not enough physical cash received to pay creditors, wages etc then otium has over recent years topped up the...

Depends if you are buying just the assets or not fb. Buy the company with all the debt included and the value is £1. Buy just the assets and the value of golden share playing squad and ryton less football creditors is probably up to 10m. To do a deal with sisu I think they would be looking for...

Oh dear....... and trying to insult my professional ability is really going to encourage me to even attempt to answer any specific questions you have isnt it :banghead:

That's one hell of a rant ..... it isnt going to help or change things

Some of it got repaid..... clearly cash flow prohibited all of it. As for covering losses see previous or others comments

More than likely ...... even if these figures finish 3 or 4 months earlier !!!

The only loans to Otium are from ARVO or SISU Capital International fund. They put money in to cover shortfall in cash not to cover the P&L losses there is a difference. The losses include things that are either not being paid ie loan interest or things like depreciation which is an accounting...

No they dont. ARVO made the loans which is a fund SISU Capital manage. CCFC does not show up in these accounts at all. SISU make their money by taking a proportion of the performance of each fund. If the funds go up in value then SISU get more earnings

For those that are interested SISU Capital Accounts have been filed at Companies House for the year to 31 March 2019. Not had time to go through properly SISU CAPITAL LIMITED - Filing history (free information from Companies House) Seem as a group they had a decent year showing profits of...

fair point, thats why i would encourage caution of any of their actions or statements regarding ccfc.......... their prime concern is not the football club. some seem to think because they have made a couple of PR statements that things have somehow got better. me i dont see much change if i am...

Yes. There was a BBC Horizon programme on the other night that explained what THC and CBD did BBC iPlayer - Horizon - 2019: 6. Cannabis: Miracle Medicine or Dangerous Drug?

Club is still very much at risk though, and we still operate at a loss with debt increasing Curious to know when the owners have ever said exactly what mistakes or bad decisions they have made. Only thing i seem to remember is a bland apology of "we made some mistakes" back when Seppala made...

The Northampton move and all that led up to it was quite clearly controlled by SISU dating back to April 2011. Despite what SISU have said the various judges thought otherwise. Clever plan and yes broke the lease but also broke any connection to the stadium and opened the door for someone else...

the biggest out going for both clubs is wages The accounts are available at Companies House

deal that was agreed with charity in 2012 was £1.5m plus £4m spread over 10 years, SISU walked away from it and offered £2m the Charity walked away from that. It never got further than that. Further than that in 2014 SISU offered £2.8m for the charity shares when the Wasps sale was going on...

As i have said before the club is not self sufficient. It required loans from the owners in 2016 £530k ,2017 £500k and 2018 £500k simply to pay the day to day bills. However rather than leaving all the funds in the company they repaid some of their loans £112k in 2017 and £255k in 2018 when cash...

its actually probably much more than twice. the original cost of the ground plus improvements is included at a value after depreciation of £200k ......... got to think it is worth much more than that no matter what state Spotland is in. Oh and the football club pay an annual rent of £100k to...

Depends what you mean by debt. Every trading company, football or otherwise, is going to owe something even if it is just to their accountant for preparing the accounts. I think the point is whether the debt is sustainable and capable of being fully repaid. Based on 2018 accounts Rochdale has...