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What does irk me is the local press headlines saying the SBS&L group made a profit. They simply did not. You cannot ignore the interest liability. It is either due or it isn't. If it is due then it forms part of the reportable results ie we made a loss. It is irrelevant that it is due to...

If CCFC were under completely unrelated new ownership and with the likes of Fisher/Venus/Dearing gone why wouldn't Wasps talk to the new CCFC? Doesn't mean there would be a deal agreed of course. As it stands CCFC is the trading name of Otium and Otium is named on the front page of the court...

well yes it will need somewhere, but not so long ago we were assured cat 2 Academy was vital to our financial future ............... heavy hint in the latest accounts that it is under threat............ so if we don't have it doesn't that damage our financial future ....... in 4 months time

I believe last time it took about a month to sort out an agreement, why are the CT raising fears with 17 months to go? Isnt the bigger fear the future of the Academy? Decision will come on that once we are officially relegated and I doubt it will be good news With the ST boycott, smaller...

I would think that Wasps are adhering strictly to the rental agreement taken on. The Wasps commitment to CCFC it could be argued starts and finishes with CCFC's commitment to actually be there. That ends August next year. It is not up to Wasps to give CCFC extra or to protect CCFC business or to...

SBS&L Group key date financial summary 22/02/2008 Opening balance sheet Assets Tangible 1515556 Intangible 3854460 current 2505321 Total Assets 7875337 Liabilities Creditors 16476229 less written off *6000000 = 10476229 net liabilities -2,600,892 (* amount written off is the payment...

Audit implications of comfort letters from owners. Firstly lets be clear what these letters of support from SISU/LB to SBS&L are (there will have to be a separate ones to Otium (from ARVO/SBS&L) ). It is an expression of intention at the date at which it is signed that the Loans provided will...

one thing that puzzles me is the £800k withholding tax cost. That's seems a very big figure just for the one year. I thought the rate was 20% ?

I think the finances certainly contributed to the poor recruitment, but you can not excuse the bad choices by Mowbray and the side kick Venus. Other clubs have put together better teams on smaller budgets

they could do it now they are below the turnover and asset limits Could take a well earned rest then ........ and probably get bored (may be not :) )

if it were a thoroughbred used to racing at Epsom it would be shot because of two broken legs if viewed as a family pony used to gymkhana's then you try to save it for the kids

yes it does seem to imply the intention was not to be at the Ricoh when the current deal ends. Although all contracts should be easy to renew as necessary

I would think the term "invited guests" was used as a way to limit numbers nothing more. The last thing needed is an angry mob where nothing gets heard answered or challenged - restricted numbers has nothing to do with being elite-ist. On a similar vein the last thing the Trust needs is a...

This bit might help explain the poor summer recruitment Cash in hand and at bank 31/05/2016 had improved by a positive £627k to £779 but bear in mind the extra loan £530k from SISU and maddison money £2.5m....... they only have 627k left out of that and had June July to fund no wonder they...

so would I with proviso of there being a proper alternative training venue

wrong set of accounts NIck Sheff Utd had turnover of 10.6m Walsall figures were on the back of being in L1 playoffs CCFC88 Turnover wise CCFC is about mid table in L1. Most clubs do not have transfer profits of 2.5m from what I can see. There are about 9 clubs that file as small companies so...

The club as Otium is worth nothing because of all the loans and preference shares....... you wouldn't take it on You extract the playing assets but FL will also expect you to take the football creditors ..... so net value nothing probably I think you try to tempt SISU/ARVO by leaving them...

This bit ...... Better but still in the mire. I would think that financial "safety" this year has only been achieved because of the recent Wembley windfall. The club made an overall loss and the balance sheet got worse but just at a slower rate than 2015 and before

That's the point it isn't ,so how do the directors and auditors place any reliance on it ........ and use that reliance to prove CCFC is a going concern

little more information - Otium accounts have been filed but not available yet, when they are keep in mind the difference between internal group transactions and transactions that see money leave or enter the group - Cash in hand and at bank has improved by a positive £627k but bear in mind the...