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yes BSB .......... but its speculative and carries greater risk .......... it can have greater returns but you can get hit harder too. Even SISU are not daft enough to guarantee and underwrite a return on investment

Ok I know its easier looking in and saying what should be done - its far harder when you are in the middle of it. BUT there are plenty of people here (let alone other sites) that could see what was needed from day 1. Has to beg the question why the likes of SISU and RR thought they knew better...

It never made much sense to me that SISU took on debt etc rather than buy the club out of administration. I can only assume it was to keep the club in the division and to keep the Ricoh option live. But then to let the whole thing drift because it wasnt properly controlled or funded I find...

we could be heading here :(

got any details BSB are you sure? Need to be certain saying something like that. Not seen anything reported on that myself

I agree with you. Dont see it as a great tactic either NLHWC ..... puts the club in breach of contract. One remedy that ACL has is to petition to wind up CCFC.... that happens SISU investors lose nearly all their money and the option to purchase the stadium is extinguished too. In theory that...

Only if SISU have agreed to make up any losses and I can not see that being the case. Investors will put their money in knowing the value could go up or down they take the hit not SISU. What SISU will lose is any future management fees associated with any funds withdrawn. If I am right how does...

For reasons of setting up and managing the various funds SISU will own say 100 shares of a particular fund. those shares will be a very small percentage of the total. The wording in the accounts is pretty vague but i suppose would mean they have a very small percentage of the shares in sconset...

"confessions of a plumber" .......... but perhaps thats a different story ;):o:D

Isnt it always with SISU! ..... think they can get their own way with anyone

I just get the proper info out harvey :) - accounts are not easy to follow for most people so I try to help but I find it difficult to simplify some things! . I am a Chartered Accountant by profession.

I just had to look didnt I ....... looked at the 31/03/11 SISU Capital Ltd Accounts at Company House. I do wish before Covmad come out making making alegations they checked the public record. SISU Capital are not about to go bust and I really dont think they are in a financial panic SISU...

wouldnt matter if they went bust - they only manage a fund on behalf of clients, such money is legally entirely seperate from any sisu money. Would just mean the fund was passed to other fund managers to administer. Characters leaving the board room is not necessarily significant..... hasnt...

How do we get from Igwe leaving the board to SISU being broke ? i thought sconset capital owned the shares now and SISU Capital Limited were the agents for that fund?

First off this is all about brinksmanship..... ACL do not want to see CCFC fail nor do they want CCFC out of the Ricoh. They do want to see some evidence of a well run business with a structured plan for the future. CCFC are calling their bluff saying the rent is driving them out of business and...

cant see how 5% can be right - it is nearer 15% surely ? that would make turnover 8m

Dont have the 2011 ACL accounts with me but in the 2010 ACL accounts it says that there is a rental deposit account at Yorkshire Bank that ACL can draw against in the event of a default. So what happened to that deposit? The rent isnt paid to the council its paid to ACL. All businesses will...

dongonzalos - I know we disagree on some things, but on this I couldn't agree more. :claping hands:

Came across this article about 2009/10 Premiership teams. There is a spread sheet that is downloadable that gives an interesting breakdown of accounts info. Not sure if it has been posted before - apologies if so...

i can understand most of the reasons why we might go down Rev - SISU, lack of investment, small squad, lack of quality, inexperienced manager etc - but to go without a real fight i find hard to forgive or accept. If and when we go down ownership issues aside the thing I will take from this...