But how many of those loans providers could get a £100m+ windfall if the performance of the organisation that they're lending to improves? Or get a return if that organisation is sold?The interest charged was 7.5% or thereabouts. Yes it could be zero but where can you get a £20 odd million unsecured loan over an undefined period of time at 7.5%. You can’t.
So what are the realistic chances of that happening? Whilst in the Championship the odds are roughly 7/1 but they are stacked in favour of many others with parachute payments. Until that becomes a level playing field in reality the odds are far higher than that.But how many of those loans providers could get a £100m+ windfall if the performance of the organisation that they're lending to improves? Or get a return if that organisation is sold?
So if its all about profit why buy a football club?So what are the realistic chances of that happening? Whilst in the Championship the odds are roughly 7/1 but they are stacked in favour of many others with parachute payments. Until that becomes a level playing field in reality the odds are far higher than that.
SISU are like every other business in the world looking to make a profit for their investment, unless you have billions to throw at some project and it’s loose change to you. But there aren’t many of those.
So if its all about profit why buy a football club?
Super-high risk, super-high return if you fluke it.So if its all about profit why buy a football club?
I suspect they thought it was going to be an easy investment. Get the ground in the cheap get promotion back to the Premiership then sell making a massive quick profit. Backfired dramatically now there trying to recover their losses.So if its all about profit why buy a football club?
Mel MorrisSuper-high risk, super-high return if you fluke it.
Main difference is, most owners bail when it fails!
This is the fundamental question that remains unanswered after over a decade of Ownership: what’s the plan here? Why are they here?
I’m not really into all this accounts business goes over my head but I read we are £28 million in debt, first question who too ? second question in the mad football finance world is that high and off putting for any would be interested party looking to buy a club or is it a bullshit total, I’ve read all sorts of time figures like £60mllion
Now they are in a better position
Im sure Ryton will be sold and the funds used to reward investors
then over the next few years sell players at championship valuations and offer even better investor returns
Except they cannot sell without an at least equivalent replacement to the satisfaction of Sport England
I wouldn’t be surprised if some sort of agreement is reached with Warwick Uni on that oneExcept they cannot sell without an at least equivalent replacement to the satisfaction of Sport England
Would promotion bonuses be included as part of that £13m? Obviously we were promoted to the Championship at the beginning of the 2020/21 financial year, with it being confirmed on 9th June 2020.the 13.17m includes 1.1m for national insurance and 210k for pension. In 2020 the total was 6.5m national insurance 579k and pension 39k
There were 160 full time employees (2020 145) of which 13 were administrative (2020 12). So the amount paid to employees who were administrative is not going to be a big figure, major one would be Boddy followed probably by Scope. Directors were not paid anything
the amount due to team and team management i would guess at 12.5m up from approx £6m in 2020
in addition there were 225 other temporary employees (ie stewards etc) at a cost of 310k (included in the £13.17m total wage cost). Majority of stewards not used in 2021 but the cost increased from £189k to £310k . Accounting rules require any one on the payroll must be disclosed whether paid in the year or not
Hence the real purpose of the discussion with Warwick University
I doubt WU will just donate a training facilty
As it is mortgaged to the hilt it is hardly a free assetI’m sure it will less than the sale of the last asset we have
Which was my point re: interest. If you're here for the high-risk, high return then allow everything you can to achieve that return, including foregoing high interest.Super-high risk, super-high return if you fluke it.
Main difference is, most owners bail when it fails!
I doubt WU will just donate a training facilty
No but i'd put a decent amount of money on the fact that they'd contribute a sizeable amount to one. It'd be as beneficial to them as it would be to us.
Regardless, I'm sure it'll be in better nick that Ryton. It could do with a lot of upgrading and repair so if it is sold, I'd like to think that it's a positive as we'd be moving to better facilities elsewhere.
Would promotion bonuses be included as part of that £13m? Obviously we were promoted to the Championship at the beginning of the 2020/21 financial year, with it being confirmed on 9th June 2020.
Sent from my SM-G965F using Tapatalk
They did their attempt, it failed, so now it's about reclaiming whatever they can.Which was my point re: interest. If you're here for the high-risk, high return then allow everything you can to achieve that return, including foregoing high interest.
Another boring question we are apparently £28 million in debt possibly to investors or is part of that debt to sisu in owed interest ?
No but i'd put a decent amount of money on the fact that they'd contribute a sizeable amount to one. It'd be as beneficial to them as it would be to us.
So who do we owe money too and how much to each party?The £28m deficit on the Otium/CCFC balance sheet in 2021 is a net amount of all assets less all liabilities. Total assets are 8.7m and total liabilities £36.5m
what is owed to to the owners is in round terms £10m in capital and £11m in interest
There is a further £28m owing to investors on the SBS&L accounts but that is not secured by Otium/CCFC so stands alone
Stoke’s losses are eye watering
Sent from my iPhone using Tapatalk
Seem to recall that the majority of their costs are player registration amortisation which isn’t a cash expense and, as such, isn’t included in FFP.
Stoke’s losses are eye watering
Sent from my iPhone using Tapatalk
They are but their owners have wealth that increases at a far quicker rate than that
I could be wrong but I'm not sure that's right... I thought amortisation costs are treated as an expense in club accounts and are therefore included in P&S calculations?
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?