Accounts Thread (Was called £1M pounds profit) (2 Viewers)

Forums New posts
Captain Dart

Captain Dart

Well-Known Member
Oct 26, 2013
11,483
5,894
313
www.coventrytelegraph.net/news/coventry-city-chairman-says-fans-12331549
Tim Fisher claimed: “The owners want success for this football club. Throwing money at it didn’t work. We were losing £15m a year when I came in, now we’re making £1m profit.”

The club accounts for the financial year ending 21 May 2016 are due out tomorrow.

They should be available here... in a day or so.
SKY BLUE SPORTS & LEISURE LIMITED - Filing history (free information from Companies House)

It will be interesting to compare Mr Fishers rhetoric about £1M profit with what is published. I think they will show an operating loss.
 
Nick

Nick

Administrator
Feb 25, 2008
149,589
68,203
1,063
Coventry
Wasn't it ebit? So it won't be 1m profit?

Would get osb will get an alert so post up his views on them too :)
 
C

coop

Well-Known Member
Aug 30, 2011
4,308
1,494
163
We might bein profit slightly but going down to league 2 without a fucking fight and will lose even more fans next season well done Tim.
 
no_loyalty

no_loyalty

Well-Known Member
Feb 24, 2015
10,307
5,406
313
christonabike said:
This Tims office?
FISHER, Timothy Donald
Correspondence address
10 Stanley Avenue, Beckenham, Kent, United Kingdom, BR3 6PX
Role ACTIVE
Director
Date of birth
October 1967
Appointed on
4 January 2012
Nationality
British
Country of residence
England
Occupation
Twat
Click to expand...

I believe this is the address of his previous house he sold for around £500,000
 
Sbarcher

Sbarcher

Well-Known Member
Mar 23, 2011
5,025
3,942
213
Oxford
Big difference between gross and net profit. No doubt TF is referring to gross. Expect a big declared loss for net.
 
G

Gosford Green

Well-Known Member
Mar 11, 2013
884
475
63
Before the noises start about SISU taking out money, as in previous years it's not possible to state if they do or don't unless anyone here as access to the actual purchase ledger invoices.
 
L

luwalla

Well-Known Member
Aug 4, 2010
1,305
755
113
Gosford Green said:
Before the noises start about SISU taking out money, as in previous years it's not possible to state if they do or don't unless anyone here as access to the actual purchase ledger invoices.
Click to expand...

regardless of "SISU" actually taking out money or not, I'm sure I saw the Directors of the club took out half a million... how the hell can directors of this club justify taking half a mill out, and isn't Laura Deering ( one of our directors ) also part of SISU. So in fact they are taking money out indirectly ( although I'm sure that isn't a shock to anyone ). You can't trust a word Tim says, if you did then our new stadium would be nearly built & ready to move into by now!
 
AFCCOVENTRY

AFCCOVENTRY

Well-Known Member
Aug 1, 2011
17,357
14,953
313
christonabike said:
This Tims office?
FISHER, Timothy Donald
Correspondence address
10 Stanley Avenue, Beckenham, Kent, United Kingdom, BR3 6PX
Role ACTIVE
Director
Date of birth
October 1967
Appointed on
4 January 2012
Nationality
British
Country of residence
England
Occupation
Twat
Click to expand...

Anyone with the name Donald in their name is a twat. Donald Trump, Donald Duck and now Donald Fisher.
 
  • Like
Reactions: trevelfarandwide
Skybluefaz

Skybluefaz

Well-Known Member
Aug 1, 2011
8,410
7,500
413
Coventry
luwalla said:
regardless of "SISU" actually taking out money or not, I'm sure I saw the Directors of the club took out half a million... how the hell can directors of this club justify taking half a mill out, and isn't Laura Deering ( one of our directors ) also part of SISU. So in fact they are taking money out indirectly ( although I'm sure that isn't a shock to anyone ). You can't trust a word Tim says, if you did then our new stadium would be nearly built & ready to move into by now!
Click to expand...
So Tim, Veno and Deering pocketed a cool half a mill from the football club? This has gone under the radar. Give us a link so we can verify this as a fact and get angry together.
 
Nick

Nick

Administrator
Feb 25, 2008
149,589
68,203
1,063
Coventry
luwalla said:
regardless of "SISU" actually taking out money or not, I'm sure I saw the Directors of the club took out half a million... how the hell can directors of this club justify taking half a mill out, and isn't Laura Deering ( one of our directors ) also part of SISU. So in fact they are taking money out indirectly ( although I'm sure that isn't a shock to anyone ). You can't trust a word Tim says, if you did then our new stadium would be nearly built & ready to move into by now!
Click to expand...

Did they?
 
Grendel

Grendel

Well-Known Member
Sep 19, 2011
88,364
43,143
813
Skybluefaz said:
So Tim, Veno and Deering pocketed a cool half a mill from the football club? This has gone under the radar. Give us a link so we can verify this as a fact and get angry together.
Click to expand...

It's in the accounts. Been discussed on here.
 
Grendel

Grendel

Well-Known Member
Sep 19, 2011
88,364
43,143
813
Skybluefaz said:
It's passed me by then, in last year's accounts?
Click to expand...

Either last year or the year before. The likes of Waggott Anderson etc. Are hardly going to be free.

I'm sure honest Ray the football man wasn't free either.
 
  • Like
Reactions: Gosford Green
skybluetony176

skybluetony176

Well-Known Member
Aug 2, 2013
34,559
17,295
313
Grendel said:
Either last year or the year before. The likes of Waggott Anderson etc. Are hardly going to be free.

I'm sure honest Ray the football man wasn't free either.
Click to expand...

I thought directors wages were lumped in with the general wages all under the one heading? If it specifically says director payments would that not be separate to wages?
 
G

Gosford Green

Well-Known Member
Mar 11, 2013
884
475
63
luwalla said:
regardless of "SISU" actually taking out money or not, I'm sure I saw the Directors of the club took out half a million... how the hell can directors of this club justify taking half a mill out, and isn't Laura Deering ( one of our directors ) also part of SISU. So in fact they are taking money out indirectly ( although I'm sure that isn't a shock to anyone ). You can't trust a word Tim says, if you did then our new stadium would be nearly built & ready to move into by now![/QUOTE
Click to expand...
skybluetony176 said:
I thought directors wages were lumped in with the general wages all under the one heading? If it specifically says director payments would that not be separate to wages?
Click to expand...

Sometimes under management or consultancy fee's. It has been said on here so many times it is not possible to say one way or another, unless a leak from the auditor happens. (unlikely).

I do not get why people are so obsessed with SISU taking money out, it is their company they really have every right to do so. If you are that bothered about your season ticket and pie money filtering down to them adopt the NOPM method.
 
R

Rodders1

Well-Known Member
Dec 9, 2015
878
891
143
singers_pore said:
Fisher claimed two years ago that the club was now "cash flow positive." So however you want to spin it, Fisher is full of shit.
Click to expand...
EBITDA could be positive and hence that does mean that the club is cashflow positive.

However I bet our bottom line is a loss. The thing that is misleading here is there is no investment - it's all very well being cashflow positive - but it's decreasing - we could make a 1p in cash and Tim would say we are cashflow positive - deluded
 
Grendel

Grendel

Well-Known Member
Sep 19, 2011
88,364
43,143
813
skybluetony176 said:
I thought directors wages were lumped in with the general wages all under the one heading? If it specifically says director payments would that not be separate to wages?
Click to expand...

Director remuneration would normally be shown as a separate item.
 
Nick

Nick

Administrator
Feb 25, 2008
149,589
68,203
1,063
Coventry
bawtryneal said:
Lets hope that SISU are not taking money out of CCFC or Nick will have to stop going to matches
Click to expand...

Like you did until we got a draw at Wembley? ;)

giphy.gif


As I've said, if it turns out all of my season ticket money goes to Joy as people make out then I may re-evaluate.
 
  • Like
Reactions: torchomatic
Paxman II

Paxman II

Well-Known Member
Mar 16, 2011
8,067
2,680
213
Cotswolds
Who gives a flying you know what?
Profit, loss, take money out or not, it all adds up one way - our owners have destroyed a football club to near non existence.
Arguing over what or who took a few pennies won't make that go away.

If this club falls any further I might be able to afford it myself.
 
  • Like
Reactions: Astute, sjlccfc, Rodders1 and 1 other person
bawtryneal

bawtryneal

Well-Known Member
Mar 22, 2011
3,530
3,173
213
Bawtry, South Yorks
Nick said:
Like you did until we got a draw at Wembley? ;)

giphy.gif


As I've said, if it turns out all of my season ticket money goes to Joy as people make out then I may re-evaluate.
Click to expand...

Are we going to draw at Wembley. Was hoping for a win.
Will never be all your season ticket money, only a percentage, so don't be to despondent
 
Nick

Nick

Administrator
Feb 25, 2008
149,589
68,203
1,063
Coventry
skybluebeduff said:
So despite increases in revenue and decreases in costs, we still lost money? How did we lose it exactly?
Click to expand...

It was the interest accrued wasn't it? Otherwise it would have been a small profit.*

*As said when Fisher said about £1m profit being ebit anyway.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 3 (members: 0, guests: 3)
Top Bottom