Coventry City publish Accounts for Year Ended 31st May 2021 (1 Viewer)

fernandopartridge said:

They are but their owners have wealth that increases at a far quicker rate than that

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Grendel said:

they also have strong emotional attachment to the club

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Skyblueweeman said:

Scary really, isn't it? £142m losses in two years.

At what point does it become an issue despite their wealth growing? Mind-boggling.

Chelsea seem to have got off the hook for £1.5bn with Abramovich saying he doesn't want the money back.

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Skyblueweeman said:

Scary really, isn't it? £142m losses in two years.

At what point does it become an issue despite their wealth growing? Mind-boggling.

Chelsea seem to have got off the hook for £1.5bn with Abramovich saying he doesn't want the money back.

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HuckerbyDublinWhelan said:

So who do we owe money too and how much to each party?

i may have misunderstood - but is it 21 million to SISU -and a further 28 million to ???

I’m assuming the SBS&L debt is the debt took on initially by SISU?

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oldskyblue58 said:

Otium owes most of it to ARVO 7.48m in capital and 9.8m in interest. The rest is owed to SISU master fund (2.2m plus 1.2m interest) & SISU Capital (UK) Limited (238k plus 65k interest)

The £28m in SBS&L is derived partly from when they bought in and partly from cash they put in. But i estimate £10m was created rather than paid in. As explained previously yes its owed but pretty worthless to the investors. Owners of those shares, or loans appears to be an entity controlled by Seppalla called Scarba limited, which took over from another similarly owned entity called Sconset, which in turn had taken on the 5 original funds before they were dissolved in 2018.

Seppala controls as investment manager and doesnt necessarily have her own wealth invested.

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Gynnsthetonic said:

So did Mel Morris with Derby

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Skyblueweeman said:

Scary really, isn't it? £142m losses in two years.

At what point does it become an issue despite their wealth growing? Mind-boggling.

Chelsea seem to have got off the hook for £1.5bn with Abramovich saying he doesn't want the money back.

Click to expand...

Gynnsthetonic said:

So did Mel Morris with Derby

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Grendel said:

stokes operational losses are far less than that

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Skyblueweeman said:

Eh? Their operational losses were literally that - before taxation. It's right there on those pictures Maguire posted on Twitter.

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