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    Is Administration a desirable outcome?

    I listened to the Periscope stream (Thanks CJ!) yesterday and it seems like those there like the idea of starving the club into administration where the Trust will be ready to pick up the club for a pittance. The side effect of course is that it will hurt SISU. Those who believe that we can...
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    Coventry Evening Telegraph

    In 'the old days' there were 'reporters' and 'journalists'. Reporters did just that - reported what had happened in an unbiased fashion, while journalists dug a bit deeper into more complicated stories but still presented their findings unbiased. Independence was like an honor code back then...
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    Is Chris Anderson having a laugh?

    Except of course for Hoffman and Elliott!
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    Is Chris Anderson having a laugh?

    Ask Hoffman ;-) I believe signing NDA's is common practice at director level as part of the employment contract.
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    Simon Jordan Interview- Part 3.

    I think to Fischer the £1m 'profit' is cash flow surplus. Probably mostly due to part-payments from previously sold players. It may not be EBIT result or even traceable in the next P&L statements - just positive cash flow. It's more interesting how Sisu is going to use it. Will they demand down...
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    The only way to hurt sisu

    But it shouldn't stop us helping sisu to find a way out, should it? Let's just make sure the club survive the process.
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    The only way to hurt sisu

    Sisu act as de facto owners, they are ultimately calling all the shots even though it's not their money. Would it be different if they had borrowed the money in the bank? So maybe it's Joy Seppala who were subject to the test: Individuals will be disqualified from acting as directors or...
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    The only way to hurt sisu

    We covered this issue back during the administration period and as I remember it the problem is that no investor holds more than 5% (or is it 10%?) of the total investment in any of the funds and so there is no legal (in courts) obligation to disclose identity of individuals. The FA/FL cannot...
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    The only way to hurt sisu

    I could ask you to prove you're not a murderer, but that's not how it works in our part of the world, is it? Burden of proof is with the accuser, not the accused. To sum it up - depriving the club of money only hurts the club - not Sisu. By not buying Season Tickets or staying away from the...
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    The only way to hurt sisu

    I wouldn't accept if they took out 'small and reasonably amounts' no matter what they label it (management fee, interest payment, down payment ...) when they say they take nothing. The only time it would seem they have taken money back is a season or two ago when it seems they facilitated a...
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    The only way to hurt sisu

    Yes, that would seem logic, but the interests become an asset in the creditors accounts and so increase the value of the investments sisu manage. That agin could(!) lead to higher income for Sisu as their portfolio increase in value, but that is pure speculation. More importantly - increasing...
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    The only way to hurt sisu

    Correct, he says 'everything is possible'. But he can't find any proof or evidence. So, to the best of his abillity he can't find anything that indicates that money goes from CCFC to Sisu. You may be better qualified than he is, but then you will have to present evidence not conjecture. You -...
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    The only way to hurt sisu

    You should read this thread: SISU 2016 Accounts Especially the posts written by OSB (who is a qualified auditor, so knows this kind of stuff). If you're too lazy, then let me extract some of his conclusions: 1) Sisu have not invested any money themselves, they manage other peoples money. 2)...
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    The only way to hurt sisu

    Ok, I'll play ... Yes Yes If the money hasn't been spend then it simply stays in the clubs coffers (or bank account). Money spend to buy the club will come from the new owners pocket.
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    Holding Wasps to Account

    My question was: Does that mean, that the 'right way to run a football club' is with a business model that leads to bankruptcy? Remind me please, with high gates and good corporate revenue in those three years dominated by Ranson/Hoffman/Elliott - what was the yearly profit that prompts you to...
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    Holding Wasps to Account

    Wait a minute, you forgot to mention Ranson, Hoffman and Elliott, who wasted the only golden opportunity in recent times, when they had millions at their disposal to turn around the failed business model. Oh, so you really give them a free pass. Does that mean, that the 'right way to run a...
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    Another protest?

    That's the problem, isn't it? There's not one united front. The sit in is a good idea, but as you said earlier it only takes one a-hole to ruin it. I am left now with the feeling that the protests have costs us 4 points and I am probably not the only one. 4 points we may need badly when the...
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    Fisher Lost The Plot

    I don't have the accounts in front of me, but it could be items like - administration cost (everything not directly football related) - interests - amortization/depreciation to name a few possibilities. One thing it's not is management fee to Sisu. Try searching posts by OSB, he has probably...
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    Fisher Lost The Plot

    Otium is the club. SBS&L is a parent company. The account you show is a consolidated report. Most (if not all) of the operational income and costs are from Otium, but some of the assets/liabilities are from the days of CCFC ltd and holding. You clearly have access to the published accounts -...
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