True, but do we expect CCFC to become profitable or even break even under sisu? I suspect not as they bought us before the banks failed and now are not in the same financial position as before. Sisu 's only hope is to off load to remove a big money loosing business. Otherwise why would we have been only days away from administration according to the new chairman?It is a hedge fund's goal to buy failing companies, make them profitable and then sell them on. The fact that they are selling prozone now should come as no surprise.
I am sure lots of other clubs are loosing big money but it is only the odd few clubs who are constantly connected to administration rumours, ie cardiffWe new about the prozone thing in April when the new Board took over, just took two months for any one to report it! Also how do u no other clubs aren't loosing that kind of money a month??
Skybluetalk virginity lost!!!! oooh ahCongratulations Cloughie on your maiden thread - a long time coming.
With no other major income other than by diminishing gate receipts CCFC nad SISU are obviously sitting on a bed of sand contributing to the £500,000 operating losses per month (just repeat that figure slowly).
The PROZONE £5M cash injection saved us from immediate admin but that only took us to the end of the 2010/2011 season - what can we expect from August 6th - it has to be a major benefactor or we are sunk I am afraid.
PUSB
I don't understand how the figures add up, apparently we're losing £500,000 a week.. thats a mind blowing figure to me. According to the books we lost 3 million last year. At Our current rate of losses then that 6 weeks worth, whats changed ? (That is right isn't it ? maths isn't my strong point)
I guess some of that is off set by player sales, but we didn't sell that many players for that must did we ? just Best .... Dann and Fox, would not have been part of those figure they would have been the year before wouldn't they ?
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