to seperate the property dealings from the trade I would have thought NW. They didnt want to put the property at risk if the football club side failed, well that was the intention but it didnt work out that way. It isn't an unusual thing to do
the share has been "suspended" because the league own it and have taken it back for safe keeping. CCFC Ltd or for that matter CCFC H would only be custodians of the share so long as they remain in the FL.
The statement saying that all reglutaory matters, trade and investment is in ccfc h is...
Thanks for the kind words smouch
It is hard to think that there is any other motive to SISU's action than money. They need to maximise any return they can get and the only way they do that is to get their hands on assets to sell. It is all about financial brinksmanship i think. Who has the...
Never been a fan of sheffers particularly but I think it is a bit churlish not to thank him for what he has done and wish him all the best for the future. As a Coventry kid his heart was always in the right place when it came to the club.
good luck sheffers
on a personal note .......
Under the comments there is a contributor called "oldskyblue" .......... just want to make it clear that poster is nothing at all to do with me. I do not contribute to the CT forum and never have.
wasnt it reported that GR was guarantor to the rent deal at the Ricoh......... would think that he wouldnt like the administrator to act on that guarantee....... could prove costly. Would that affect any relationships?
which raises another question has the administrator made a demand in...
it suggests both parties agree that the viable way forward for the club was for the 2 to be linked properly so the club benefits from the Ricoh income. No surprise there then its what every one thinks should happen
only a few things to say ......
1) this is SISU's version of events to petition for the judicial review, it is the truth as they see it or want to portray it..... it will contain facts and there will be truths in it...... it doesnt mean it is accepted, all true or correct. There is as yet no...
2011 accounts gave turnover for ccfc at 10,267,708 SBS
CCFCH had turnover of 4,478,157 but that includes management charges to CCFC Ltd that wouldnt count so actual turnover is 1,791,315
clearly a lot less in 2012 and 2013 though
This is a reply I had sometime ago from FL as to what is in the calculation
SCMP splits turnover into ‘normal income’ and ‘football fortune’ income. For League 1 clubs both these forms of income go into determining how much money a club can spend in relation to wages. In League 1’s case, this...
the grant is made to the academy .... ccfc ltd owns that it would seem. Where CCFC banks that money is up to CCFC Ltd. It is a group situation so money that is due to CCFC but banked in to CCFC H would reduce the amount that CCFC Ltd owe to CCFC H.
As to whether they have spent the grant...
Would that mean that SISU/CCFCH accept that the players contracts are in CCFC Ltd then ? As the administrator only acts for that company:thinking about:
Also would it mean that anyone signed at start of season on a contract with CCFCH was actually playing on a non contract basis and that the...
what LN said but would add that in the first half we seemed to roll the pass rather than hit a pass, because of that the tempo was slow and laboured. That kept us deeper than we should have been. if we are going to play a passing game then that passing needs to be accurate and crisp
ever wonder why they only want a three month deal ? ever wonder why for the future of the AEH they need more certainty than that? ever wonder why it is SISU put to one side an apparent £500k cost in their budgets? ever wonder why didnt plan to keep the academy safe at the AEH (could have paid...
CCFC H was paying the contract held by CCFC Ltd for use of the AEH Trust facilities. What that means in accounting terms is that for every amount paid to AEH Trust then the debt owed by CCFCLtd to CCFCH is increased in equal amount.
CCFC H are paying on behalf of CCFC Ltd not instead of.
The...