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19/20 Accounts (1 Viewer)

  • Thread starter Frostie
  • Start date May 31, 2021
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Ccfcisparks

Well-Known Member
  • May 31, 2021
  • #141
Grendel said:
you are an accountant aren’t you? Why do you never comment on finances?
Click to expand...
I did earlier in the thread. I don't feel the need to dig down deep into them, as I dont particularly want to be doing my job outside of work. It's not really that fun.
 
Reactions: wantageskyblue and Grendel

Colin Steins Smile

Well-Known Member
  • May 31, 2021
  • #142
Grendel said:
OSB is an accountant and I’m not but this isn’t great and the real problem to me is the loans are growing and the interest against them is huge. It’s starting to spiral and unlike other clubs these owners have zero emotional investment

Worrying
Click to expand...
The rate of interest being charged tp the club against the loans is eye watering 14%, 11.4% & 19.5%.... !

These sorts of rates look more like pay day loans than a proper financial product. The clubs weakness is that we have no assets to secure a better rate of interest against.

Until we can pay those loans down the clubs scope for competing towards the top of the championship is severely compromised. As for building a stadium .......Bob hope & no hope ......from these accounts.
 

chiefdave

Well-Known Member
  • May 31, 2021
  • #143
Colin Steins Smile said:
The rate of interest being charged tp the club against the loans is eye watering 14%, 11.4% & 19.5%.... !
Click to expand...
To be fair not sure I'd be lending the club money! The question is would anyone lend them money at a lower rate?
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #144
Grendel said:
Youve basically positioned your club on here as some kind of revolutionary businesss model

The fact is you have dodgy owners who don’t seem to care which of the portfolio of clubs they own to invest in and are essentially the same as ours without the initial disastrous failed loans.

You are a relegation from massive asset disposal and also your brand of football is poor and I expect a difficult season ahead

A lot in your forum agree with me and not you
Click to expand...
Can you explain how player purchases are revenue losses and player sales are capital asset sales
 
Reactions: djr8369

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #145
Grendel said:
OSB is an accountant and I’m not but this isn’t great and the real problem to me is the loans are growing and the interest against them is huge. It’s starting to spiral and unlike other clubs these owners have zero emotional investment

Worrying
Click to expand...
Wrong
 
Reactions: Barnsley

Grendel

Well-Known Member
  • May 31, 2021
  • #146
Sky Blue Pete said:
Wrong
Click to expand...

What’s wrong?
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #147
Grendel said:
What’s wrong?
Click to expand...
No emotional investment
 

Grendel

Well-Known Member
  • May 31, 2021
  • #148
Sky Blue Pete said:
No emotional investment
Click to expand...

Who is funding the loans then? It’s not Sisu is it?
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #149
Sky Blue Pete said:
No emotional investment
Click to expand...
I know you want it to be the case but it’s just not correct unless you are going for the joy Seppalla not being the owner. Much like taxi for robins I think you’re not balanced as you just want a change of ownership. Richardson?
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #150
Grendel said:
Who is funding the loans then? It’s not Sisu is it?
Click to expand...
Who ever purchases the club most probably
 

Barnsley

Well-Known Member
  • May 31, 2021
  • #151
Sky Blue Pete said:
Wrong
Click to expand...
Never ? .
Well I never saw that coming life’s full of the unexpected eh.
 

Grendel

Well-Known Member
  • May 31, 2021
  • #152
Sky Blue Pete said:
I know you want it to be the case but it’s just not correct unless you are going for the joy Seppalla not being the owner. Much like taxi for robins I think you’re not balanced as you just want a change of ownership. Richardson?
Click to expand...

Does she personally put in the loans?
 

Grendel

Well-Known Member
  • May 31, 2021
  • #153
Barnsley said:
Never ? .
Well I never saw that coming life’s full of the unexpected eh.
Click to expand...

let’s be honest a bloke who spends time on other fans forums has loser stamped all over him
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #154
Grendel said:
Does she personally put in the loans?
Click to expand...
No
 

SlowerThanPlatt

Well-Known Member
  • May 31, 2021
  • #155
Grendel said:
let’s be honest a bloke who spends time on other fans forums has loser stamped all over him
Click to expand...
Nice to see you making friends Grendel
 
Reactions: Ccfcisparks

Grendel

Well-Known Member
  • May 31, 2021
  • #156
Sky Blue Pete said:
No
Click to expand...

Who does?
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #157
Grendel said:
Who does?
Click to expand...
Did Richardson put the money in? Did McGinnity?
 

Grendel

Well-Known Member
  • May 31, 2021
  • #158
Sky Blue Pete said:
Did Richardson put the money in? Did McGinnity?
Click to expand...

Mcginnity did. But your all over the place as you’ve missed A third name off the list and that’s why we are here!
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #159
Grendel said:
Mcginnity did. But your all over the place as you’ve missed A third name off the list and that’s why we are here!
Click to expand...
I’m bored with you seeking to undermine the club you love at every turn. If you’ve got some investors together get the offer in until then we are where we are.
James
Robins

Two huge errors of a Burge level there
 

Grendel

Well-Known Member
  • May 31, 2021
  • #160
Sky Blue Pete said:
I’m bored with you seeking to undermine the club you love at every turn. If you’ve got some investors together get the offer in until then we are where we are.
James
Robins

Two huge errors of a Burge level there
Click to expand...

Extremely random - so do you agree with OSB and his analysis or not?
 
G

Gregbant

Well-Known Member
  • May 31, 2021
  • #161
I think the people who suggest we should thank SISU for saving our souls, may have finally won me over. Thanks SISU.

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Reactions: Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #162
Grendel said:
Extremely random - so do you agree with OSB and his analysis or not?
Click to expand...
Course why?
 

Grendel

Well-Known Member
  • May 31, 2021
  • #163
Sky Blue Pete said:
Course why?
Click to expand...

Well he’s saying it’s all a clusterfuck contributed by the nonsense decision to move to Birmingham with escalating out of control loans at massive interest rates isn’t he?
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #164
Grendel said:
Well he’s saying it’s all a clusterfuck contributed by the nonsense decision to move to Birmingham with escalating out of control loans at massive interest rates isn’t he?
Click to expand...
He didn’t use the term cluster fuck. The decision he referred to as not all choice on account of Sisu and maybe more people involved. The situation is getting gradually worse. You are a bit of a reactionary really. I’m glad robins and boddy see sense in carrying on with the ongoing project.
 

higgs

Well-Known Member
  • May 31, 2021
  • #165
How much do we owe in total?

Sent from my SM-G930F using Tapatalk
 

SlowerThanPlatt

Well-Known Member
  • May 31, 2021
  • #166
higgs said:
How much do we owe in total?

Sent from my SM-G930F using Tapatalk
Click to expand...
To who?
 

Grendel

Well-Known Member
  • May 31, 2021
  • #167
Sky Blue Pete said:
He didn’t use the term cluster fuck. The decision he referred to as not all choice on account of Sisu and maybe more people involved. The situation is getting gradually worse. You are a bit of a reactionary really. I’m glad robins and boddy see sense in carrying on with the ongoing project.
Click to expand...

Did the move to Birmingham worsen the accounts?
 

higgs

Well-Known Member
  • May 31, 2021
  • #168
SlowerThanPlatt said:
To who?
Click to expand...
To whoever is behind all the loans to keep us in business?

Sent from my SM-G930F using Tapatalk
 

Sky Blue Pete

Well-Known Member
  • May 31, 2021
  • #169
Grendel said:
Did the move to Birmingham worsen the accounts?
Click to expand...
It did but it was better than not playing anywhere
 

robbiekeane

Well-Known Member
  • May 31, 2021
  • #170
Grendel said:
Id Expect an organisation who runs the club to not rely on asset sales to minimise escalating losses and also not to have adopted a strategy of revenue deterioration by removing the club from its home
Click to expand...
So you mean, a sugar daddy?
 

Barnsley

Well-Known Member
  • May 31, 2021
  • #171
robbiekeane said:
So you mean, a sugar daddy?
Click to expand...

He’s no idea what he means, he’s an rambling idiot.
 

Hobo

Well-Known Member
  • May 31, 2021
  • #172
Grendel said:
Does she personally put in the loans?
Click to expand...

You don't know whether she does or doesn't. A Hedgefund would suggest a group of investors and she could be one?

Whether she does or doesn't she still has to keep her investors happy.

If they or she can make money out of investing in Coventry why would she want to kill it off?

Even rich people don't just invest in a football club out of pure love.

I don't like our owners but I wouldn't want a lot of the others either - billionaires or not.
 
Reactions: Sky Blue Pete

Hobo

Well-Known Member
  • May 31, 2021
  • #173
rexo87 said:
Club also believes they can re-coup some losses from pandemic through business insurance


Sent from my iPhone using Tapatalk
Click to expand...

Sports clubs haven't been successful so far.
 

Grendel

Well-Known Member
  • May 31, 2021
  • #174
Hobo said:
You don't know whether she does or doesn't. A Hedgefund would suggest a group of investors and she could be one?

Whether she does or doesn't she still has to keep her investors happy.

If they or she can make money out of investing in Coventry why would she want to kill it off?

Even rich people don't just invest in a football club out of pure love.

I don't like our owners but I wouldn't want a lot of the others either - billionaires or not.
Click to expand...

she doesn’t
 

Grendel

Well-Known Member
  • May 31, 2021
  • #175
Barnsley said:
He’s no idea what he means, he’s an rambling idiot.
Click to expand...

Says the bloke who was laughed out of his own forum - you are the astute of Sunderland
 
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