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simple answer - No any debt called in could achieve administration - not sure we want that to happen

hopefully clearer certainly more up to date. Disclosures in accounts are not affected by changes in who owns the shares (ie the company)

Quite agree Godiva it isnt a crime or suspicious that external finance has been raised - they have to do what they have to so the club keeps going. Aside from the fact it increases the total debts and it isnt debt to SISU- i think that is the point being made, because that makes the risk of...

Everyone keeps banging on about losing £500K per month losses ...... well we were to 31/05/10 (in round terms) but since then we have been cutting costs and the write down of player contracts is smaller. So logic says current losses should not be £500k. In PR terms it is a double edged...

see where you are coming from sub but would hope the new directors & restructuring etc do not take up all the cost savings because at the moment i would estimate those at £2m !

and the difference between those options financially is? The purpose of administration is to find a deal that satisfies in some way the creditors of a company that allows continued trading. It has nothing to do with what is best for a potential investor. If the creditors are to recieve...

if they are paid anything then it is all out of the same pot - are they paid anything though? we just dont know. Board has said previously they were not paid and as yet no evidence to say they have been. Folk can say they have, they are ripping club off etc etc but they are only guessing - all...

The original premise of the SISU fund investment is to take an ailing club turn it around and sell it on, thereby making profit for investors and SISU. That is still the objective but it is debateable if it can be achieved. It could now be to get the best deal and smallest loss on the loans that...

am getting that way too Paxman

unfortunately the level of debt was at £5m many years before SISU even got interested at CCFC. We have lived beyond our means for decades and got used to it. It is partly because SISU and the board have said enough we cant do this any more and are actually tackling that situation that fans are...

I think what AFCCoventry said is largely correct "Nick - you are spot on. CCFC are £30m in the red. So the value of CCFC is £0 Last few assets we have like the training ground have been remortgaged - so that is now a debt as well So Hoffman can't offer £30m to sisu as the formal offer...

kg82 i dont disagree with you on that at all - like i said i dont agree with their overall strategy never have

Is possible but in theory such an arrangement would be disclosable in our accounts cloughie. Am sure there is something in it for them somehow - you wouldnt want to take all the flak they get for nothing would you

the £1 for the shares is of no consequence its what is paid to the SISU funds that is the crux of it. If the offer was not substantially better than the last one then it isnt going to happen any time soon. Have a feeling a lot of peoples hopes were raised only to be greatly disappointed

I agree it shouldnt be the responsibilty of the fans to buy players. But fans also need to understand owners of most clubs do not have a bottomless pit of money to fund their expectations. Owners have to be financially responsible too - wouldnt do for the funds to go bust and call the loans in...

sorry that has two statements that are mutually exclusive........ could never support another club ..... but thats your choice chap

principle is the same Kg82 we are saying we cant afford it so are they, doesnt matter if fans or not the result is the same. No money. Personally I think the idea of fans buying players is a non starter but it is an option that needed exploring given our present situation What they have...

"After what us fans have spent into the club already? and for what? " Bit like what the SISU investors are saying really isnt it

Godiva ..... how could you .......... a moment of pure class on these boards and you have to swear like that :facepalm::)

dont need to justify or prove myself to Dulieu nor does anyone else - No one has the right to judge another less worthy or of less intelligence. I detest intellectual arrogance.