When SISU took over there was talk of either no debt or £30million. Now there are claims of £70million. Any ideas where that £40million has come from?
Theoretically, obviously, would it be possible for a hedge fund owner of a sporting club to essentially load that club with its own debts and then walk away? Basically a big debt sink hole? OR create massive theoretical debts to its other companies so that should the company fold or be be sold the other companies could benefit from either outcome???
When SISU took over there was talk of either no debt or £30million. Now there are claims of £70million. Any ideas where that £40million has come from?
Theoretically, obviously, would it be possible for a hedge fund owner of a sporting club to essentially load that club with its own debts and then walk away? Basically a big debt sink hole? OR create massive theoretical debts to its other companies so that should the company fold or be be sold the other companies could benefit from either outcome???
agree with all of that. i've always believed they could sink debts into CCFC. but also, the club was almost breakeven last season, and we have had no real high earners since our relegation season so where has the 40 million gone.....
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
It puts the. 'Caps' on when I'm in charge of the keyboard (at least that's what I believe, grow-up FGS!"
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
It puts the. 'Caps' on when I'm in charge of the keyboard (at least that's what I believe, grow-up FGS!
When SISU took over there was talk of either no debt or £30million. Now there are claims of £70million. Any ideas where that £40million has come from?
Theoretically, obviously, would it be possible for a hedge fund owner of a sporting club to essentially load that club with its own debts and then walk away? Basically a big debt sink hole? OR create massive theoretical debts to its other companies so that should the company fold or be be sold the other companies could benefit from either outcome???
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
much more important and vital issues, like getting behind steven pressley his superb staff and our wonderful young players and those with vast experience who are taking our team forward. If you don't want to be a part of it, go support someone else! Please!
Sp has made it crystal clear that he wants to change the "total mentality of our club & erase all the negative elements, not just amoest the playing squad but also the 'fickle' and "disruptive" fans."
we've been playing the 'blame game for more years than i care to remember', so please put club ownership off the agenda otherwise the club i both love & have supported for almost 58 years will die imho.
Those who kill it will be those who 'don't attend our home games" and that really saddens me, we have to move on, we are just like coventry city council & 99% of league clubs, not in the position to select or prefer who our owners are!
Best home game performance in years the fans got behind the team no boo boys no sisu out chants because face it they go when there ready im already looking forward to the carlisle game then back to fortress sixfields oh what a scab i am and anyone trying put leaflet in my hand trying stop me watching my sky blues will get a good pasting PUSB
PSGM1 done THAT with THE caps :thinking about:
What are your thoughts on the Trust?
Best home game performance in years the fans got behind the team no boo boys no sisu out chants because face it they go when there ready im already looking forward to the carlisle game then back to fortress sixfields oh what a scab i am and anyone trying put leaflet in my hand trying stop me watching my sky blues will get a good pasting PUSB
When SISU took over there was talk of either no debt or £30million. Now there are claims of £70million. Any ideas where that £40million has come from?
Theoretically, obviously, would it be possible for a hedge fund owner of a sporting club to essentially load that club with its own debts and then walk away? Basically a big debt sink hole? OR create massive theoretical debts to its other companies so that should the company fold or be be sold the other companies could benefit from either outcome???
Hard to give an exact figure but you have to look at the debt of the whole Sky Blues Sports & Leisure Group Ltd. As of 31/05/11 that Group owed SISU 29.7m that wont have been altered by the administration or Otium. Per the administration ARVO Master fund was owed 10.75m by the group. Otium have paid 1.5m to the administrator so that must have been borrowed as Otium has no income. Losses for 2012 and 2013 can be estimated at 3m per year. Add to that the legal costs of the dispute say another 2m
estimate of debt owed by the SBS&L group £50m and getting worse every day
Much more important and vital issues, like getting behind Steven Pressley his SUPERB staff and our WONDERFUL young players and those with vast experience who are taking our TEAM forward. If you don't want to be a part of it, go support someone else! PLEASE!
SP has made it crystal clear that he wants to change the "total mentality of OUR club & erase ALL the NEGATIVE elements, NOT JUST AMOEST THE PLAYING SQUAD but also the 'fickle' and "disruptive" fans."
We've been playing the 'blame game for more years than I care to remember', so please put club ownership OFF the agenda otherwise the club I both LOVE & have supported for almost 58 years WILL DIE IMHO.
Those who kill it will be those who 'DON't ATTEND OUR HOME GAMES" and that really saddens me, we have to move on, we are just like COVENTRY CITY COUNCIL & 99% of League Clubs, NOT IN THE POSITION TO SELECT or PREFER WHO OUR OWNERS ARE!
Best home game performance in years the fans got behind the team no boo boys no sisu out chants because face it they go when there ready im already looking forward to the carlisle game then back to fortress sixfields oh what a scab i am and anyone trying put leaflet in my hand trying stop me watching my sky blues will get a good pasting PUSB
Best home game performance in years the fans got behind the team no boo boys no sisu out chants because face it they go when there ready im already looking forward to the carlisle game then back to fortress sixfields oh what a scab i am and anyone trying put leaflet in my hand trying stop me watching my sky blues will get a good pasting PUSB
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