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Yep, that's a fair shout - I wonder how much we're paying for him. The Walsall manager seemed to suggest quite a lot, but I sense that he was being a bit defensive there with regards to their own performance. Like you say, we'll see. I'd have thought Bigi is the sort of player that SP would...

Premiership club mate - even if he was right at the bottom of the players' salary scale he'd have to be on £4 - £5k per week. If he was being paid peanuts, Newcastle wouldn't be making noises about having a contribution to his wages, would they? When Westwood went to Sunderland as basically a...

Damn it, they've figured out my cunning plan. I work for the council. As soon as we know where they're planning the new ground, we're going to gazump the deal, buy the site and fill the land with nuclear waste. We'll also reposition our giant sun-blocking satellite (that we launched last year...

I think the big problem might be the significant contribution to the wages that Newcastle seem to want. Not sure we can afford that. Pity, because I think he could do a great job for us in L1.

Good work Simon, much appreciated this. Good to get the ML 'three-week' quote in again - it really bugs me that he tried to hide behind the 'misquoted' rubbish rather than simply admit he said it. Basically I think the whole article points further to how thin SISU's plan is for the new...

Huckerby - of course. How could I forget him. Mifsud too - fair shout. Isn't it nice to have more than one player in the team who is genuinely quick...

It's nice to have a bit of pace in the side for a change. Trying to remember the last real flyer we had. Kevin Gallacher was properly quick, but that was an awful long time ago. There must have been others since?!

I'm all ears (genuinely, they're the size of dinnerplates - still can't hear the missus when the football's on though). Anyway, joking aside, what's the context where SISU wind us up instead of selling?

The root of one of our oldest disagreements NW - I can't see any way in which it's more rational to wind a business up for nothing, than sell it for something.

I like that idea Chief - there is something not quite right about the loan system. I'm also not keen on the idea of loaning players to teams within your own division (who then can't play against you), that seems a bit odd to me. It may just be me, in fairness. ;)

Again accepted - though I still think that at some point most investors will review their positions, at that point the CCFC fund might be one they'd ask to be removed from. New investors are similarly unlikely to want to get involved, I'd venture. Ultimately SISU themselves will also surely...

No there isn't, agreed. But if you're managing a fund that loses your investors' money, particularly if you lose that money by writing off their investment to your benefit, as Godiva is suggesting, then the odds are that your investors will dry up, I'd say. Even if you're not being that...

Absolutely - though of course the higher the risk, the higher the expected return. It's hard to see how they can get to a point to make any return from where they are now. And even if there's not much they can do about getting their money back now, I'd guess investors will be picking up on...

Fair shout, but it's hard to imagine attracting many more investors if you treated them like this. In truth I think the money put in via SISU (via ARVO, or otherwise) is all investors' funds. Entirely accept that it might be from different groups of investors, although I'm not completely...

See what you're saying - but SISU themselves only use investors money, don't they? In essence then, this would mean burning one set of investors to the tune of £30m, so that the new investors get a clean slate. I'm not sure this entirely adds up, because I think the new investors might be wary...

With regard with the debt that SISU owe to themselves, there's an old saying... If you owe someone a thousand pounds, and have nothing, and they call it in - you're f*cked. If you owe someone a million pounds, and have nothing, and they call it in - they're f*cked. ;)

ARVO has to increase its stake in the club in terms of equity if the investment is to be used for FFP, I believe. Given that ARVO is clearly tied to SISU, I can't see what SISU have to gain from passing on a loss-making business to themselves. They're still taking losses, and writing off a...

I'm prepared for it. The whole point of NOPM is to put financial pressure on the owners. If the accounts covering the last financial year are this grim, imagine how bad the next set will look. At some point, they will tire of it - and either see sense and move back, or sell up, or perhaps both.

The alternative scenario, in which SISU lose the JR/don't get the Ricoh on their terms, doesn't necessarily mean disaster imho. They could still return under the deal currently offered, they could try to negotiate something different and return, or if neither of those options are palatable...

Thanks OSB. On this basis I'm going to propose that we get two independent valuations of the worth of SBS&L. That should get shot of the 'myths' around the value of it. SISU should then sell the club for the average of the two valuations. I hope they've got change for a fiver. ;)