Nonleagueherewecome
Well-Known Member
Irrelevant is your favourite word, isn't it? No I don't call that democracy, unless you are suddenly a fan of Joe Elliott and co? Fans were bullied into giving up their shares.
That's an irrelevant statement. Sisu purchased shares to buy the club. As 100% of shareholders agreed this I would say that is pure democracy - wouldn't you agree?
Exactly what I thought when you suggested I was a Thatcherite.
I bet you could not guarantee you would be on the side of ACL if the owners weren't SISU.
To use my best mates favourite word, irrelevant-we wouldn't be in this situation with other owners.
To use my best mates favourite word, irrelevant-we wouldn't be in this situation with other owners.
That's an irrelevant statement. Sisu purchased shares to buy the club. As 100% of shareholders agreed this I would say that is pure democracy - wouldn't you agree?
How is that Democracy? I don't remember shareholders holding a vote on whether the club should be sold to Sisu.
Geoffrey Robinson realised the game was up and sold to whoever he could. Preferably someone who enjoyed the use of confidentiallity agreements as much as the last board too ensure the secrets of the last 20 years at the club are kept hushed up.
Not True old Chap ,there were plenty who did'nt wish to donate their shares ,coercian was the tool.of the day ,much like now.It's absolute democracy. Every single share holder willingly bought into the concept. I am aware of no dissections are you?
Compare that to a council. They are democratically elected yet 70% of the voting population are so disenfranchised they do not even vote.
If everyone agreed that is pure democracy.
To use my best mates favourite word, irrelevant-we wouldn't be in this situation with other owners.
Yep sisu no worse or better than everyone since the 60's
Non league accepts Thatcherism. It was the democratic will of the people.
Well, it was "other owners" who started the ball rolling in the first place.
Anything Democratically elected is preferable to a secretive hedge fund-we don't even know who owns us, or what Joy looks like! You can vote a government out of power at least. SISU have zero accountability. Your faux Hegelian attempt to change the direction of the conversation fails again!
So everything done by SISU since is acceptable and therefore justified? If my father was a murderer and I in turn murdered, would it be entirely his fault?
Anything Democratically elected is preferable to a secretive hedge fund-we don't even know who owns us, or what Joy looks like! You can vote a government out of power at least. SISU have zero accountability. Your faux Hegelian attempt to change the direction of the conversation fails again!
So the will of the government stands and any form of protest breaking any of their laws in your eyes is unnacceptable is it?
Will you be on the counsel protest march or is this all hot air ?
Why you compiling a list as to who is going so you can run and tell your friends in the town hall?
It's absolute democracy. Every single share holder willingly bought into the concept. I am aware of no dissections are you?
NLHWC....
If you type in Joy Seppala her picture will come up,(Blonde and fairly attractive) but I couldn't get it to upload on here m8. You might have a bit more luck if you try it.
the reason is the concil have bought out sissu's debt,watch this space
Yes it seems so.
SISU should have compromised just a little bit to meet ACL at least half way. After ACL's compromises.
However maybe they will now when the legal action is taken.
Maybe SISU will show some compromise then.
Even ACL accept that it was 200% above what was fair!
There is no doubt the present situation is unsustainable for the club, but what bugs me about the whole situation is that the position of CCFC looks unsustainable even with the deal they've been offered because they are still racking up milllions of debt each year, the best they can save from the rent is around £1M and they're talking about additional revenues as a means of increasing the budget.
Isn't it just a plane crash waiting to happen, how do SISU extract themselves without losing lots of money, what is the angle?
look at it this way
say the losses budgetted for by CCFC were £2m on sales of £6m (player budget 3.9m)...... personally I think it is more at over 3m loss
saving £800k on rent - thats what we are told
Rates saving ........... estimate £150k we are told
additional profit from ACL £100k - again we were told this by ACL
Additional turnover from F&B's £1m - doesnt actually add to profit because it is cross invoiced but allows bigger player budget of £650K, TF says CCFC will spend that allowance.
Losses .................................... (2,000,000)
Rent saving............................... 800,000
Rates saving ............................ 150,000
ACL profit allowance................ 100,000
additional spend on players budget(650,000)
Loss ......................................... (1,600,000)
loss is funded by SISU or not paying other creditors (ie greater and greater debt) or by selling players (who have we got that would fund those losses by being sold each year?)
It simply does not work ............... whatever ACL compromise, it does not solve or come close to solving CCFC's financial mess.............. so the real problem is where?
look at it this way
say the losses budgetted for by CCFC were £2m on sales of £6m (player budget 3.9m)...... personally I think it is more at over 3m loss
saving £800k on rent - thats what we are told
Rates saving ........... estimate £150k we are told
additional profit from ACL £100k - again we were told this by ACL
Additional turnover from F&B's £1m - doesnt actually add to profit because it is cross invoiced but allows bigger player budget of £650K, TF says CCFC will spend that allowance.
Losses .................................... (2,000,000)
Rent saving............................... 800,000
Rates saving ............................ 150,000
ACL profit allowance................ 100,000
additional spend on players budget(650,000)
Loss ......................................... (1,600,000)
loss is funded by SISU or not paying other creditors (ie greater and greater debt) or by selling players (who have we got that would fund those losses by being sold each year?)
It simply does not work ............... whatever ACL compromise, it does not solve or come close to solving CCFC's financial mess.............. so the real problem is where?
No it does not solve the problem, that is done by getting back where the money is in first the Championship and later the Premiership and that is done only by having a decent team on the pitch which is done by being able to compete financially which is done by having enough revenue to get the players in we need.
We really are now on a precipice and the club will either prosper or die based on revenue streams open to them.
Should SISU look seriously at a smaller ground with less over heads and more revenue streams? They know it means another large chunk of debt hung around the clubs neck and so staying at the Ricoh remains the best option but it may become a necessity rather than a nicety.
To go to a smaller ground will require the current lease to be broken ............ unlikely to be agreement of that so the only way would seem to be wind company up and form ccfcnew co................. that would mean probably a drop of 2 divisions (conference football) ground share until a new ground built which could be 3 years or more. In that 3 years CCFC rent a pitch but derive none of the income streams like naming rights, advertising, some of the matchday incomes..... our budget becomes smaller, our ability to employ players restricted ........ likelyhood is we could still be in conference when new stadium ready, smaller capacity, naming rights not that valuable, all match day incomes but smaller in value, ticket prices lower, match day packages lower in value, advertising income lower, few TV rights, etc etc. It is not a great solution even if it becomes a necessity imo.
The potential of income streams are more at the Ricoh which gives the potential of better investment in the team, but it is no good unless other things are addressed
The income streams are just part of it as are the costs, getting the right people in, success on the pitch, fan support, owner investment not just funding of losses etc. Think there are even tougher times ahead in the near future
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?