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  1. oldskyblue58

    No Ricoh buy out and 54.9 million in debt

    Have the talks stalled or is it that there is no new information? All the report says is that Council not talking to anyone ..... it doesnt confirm whether or not progress has been made between charity and SISU because the Charity are not saying. There is no point the Council talking further to...
  2. oldskyblue58

    If we do not pay rent can we still play at Ricoh

    we are still liable BSB even if paid from the deposit account. The deposit forms part of the rent agreement and needs to be replenished unless the landlord agrees to reduce it.
  3. oldskyblue58

    If we do not pay rent can we still play at Ricoh

    ground share with nuneaton.................... except - The ground wont meet FL standards - It would mean a rewrite of our fixtures and theirs - we would still be liable under terms of current lease at Ricoh - we would have to pay rent on use of nuneaton ground - we wouldnt have a share of...
  4. oldskyblue58

    So, 0 out of 5 so far........

    AT was reported to have said "I would love to sign Olly " It was said we had been in contact with Man Utd last month but according to Waggott we were still "a little way off" Sorry but that just comes over as spin......... we were never in the running to sign Norwood is the reality
  5. oldskyblue58

    So, 0 out of 5 so far........

    that we know of ........... but lets be fair a lot of it is paper talk ............ how many of us really thought Norwood would sign for example
  6. oldskyblue58

    Deal agreed with rangers for John Fleck

    Oh I know BSB .......... not likely to have any cash for a long time to come unless income improves........ but the club hasnt had much ambition in what it has done for far longer than the last 12 months. I dont mean reckless spending ...... more a plan to achieve.
  7. oldskyblue58

    Deal agreed with rangers for John Fleck

    No ..... I think it is called having some ambition........ been so long since we had any I am finding it hard to recognise when I see it:(
  8. oldskyblue58

    Tim Fisher on Boydens show today

    here is the reply SCMP relates to playing staff only. Which begs the question if we are spending to the full 65% of the budget based on turnover of £5.5m which is what TF said how does it all work financially because to the 65% player budget you have to add players under 20, manager &...
  9. oldskyblue58

    Tim Fisher on Boydens show today

    I listened to what TF said last night..... all sounded pretty convincing (if you didnt look into the background) Player budget on the face of it should be 65% of a turnover. But which turnover last years or the budget? and what is classed as eligible turnover? If it is the budget then TF...
  10. oldskyblue58

    This George Duggins talks some truth doesnt he !

    ACL, The Charity and Council have been consistent all along in their view as expressed by Councillor Duggins. It isnt new other than to confirm no meeting planned but that could easily change
  11. oldskyblue58

    No more talks to buy the Arena ?

    So basically there is no news to report and the CT have reported there is no news to report ........... on the face of it in terms of the ACL shares deal nothing has changed from this time last week or the month before. SISU already knew the accounts figures well before they started trying to...
  12. oldskyblue58

    Auditors raise concernc over CCFC Finances

    not a silly question......... the statements relate to at least a 12 month period from the signing of the accounts. Accounts were signed off 19/06/12......... so the budgets, plan etc covers to at least 19/06/13 and the auditors emphasis of matter cover that period forward
  13. oldskyblue58

    Auditors raise concernc over CCFC Finances

    see the CT have put up an article ........... they really do not understand it do they http://www.coventrytelegraph.net/coventry-city-fc/coventry-city-fc-news/2012/06/28/auditors-raise-fresh-doubts-over-future-of-coventry-city-as-losses-spiral-92746-31280028/ Interview TF and dont really...
  14. oldskyblue58

    CCFC Holdings Ltd Accounts 2011

    I think there is something that needs clarifying - £8.44m included in the administration charges of CCFC H accounts to begin with forget that the two companies CCFC and CCFCH are related in any way just for a moment CCFC H took money off SBS&L (that came from SISU investors) the debt that CCFC...
  15. oldskyblue58

    Auditors raise concernc over CCFC Finances

    to be honest there will be similar comments on many football club accounts made by the auditors. Maybe not as strong on some but it is to be expected in a sector of business that regularly run on a basis of costs exceeding income and ever increasing debt. However the Birmingham Post is to be...
  16. oldskyblue58

    CCFC Ltd Accounts

    BUT CCFC are apparently going to have to work within a budget that balances the books ...... not only that but monies from season tickets has already been borrowed against and will have to be repaid. They will have to reduce all costs as much as possible So if turnover is £6m then £2m goes to...
  17. oldskyblue58

    CCFC Ltd Accounts

    Here are the two roots of the problem ...................... Turnover..............wages.............loss before any other costs 2011 ........... 10,267,708........ 10,374,688.......... 106,980 2010 ........... 9,291,108........ 10,314,188..........1,023,080...
  18. oldskyblue58

    2011 Accounts over view

    ACL 2011 accounts Income £6.7m costs £5.15m interest £1.05m profit £470k Net assets £1.5m thats the bare bones KJ
  19. oldskyblue58

    2011 Accounts over view

    The wages savings will only just kick in for some of those players like clingan eastwood etc so wont reflect in 2012 accounts. The CCFC accounts state the management think the 2012 results will be very similar to 2011. Position would have been better in 2013 except we got relegated so income...
  20. oldskyblue58

    2011 Accounts over view

    if a creditor is owed more than £750 then they can petition to wind up any company SB but like you say would it be worth it ?
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