For the attention of OSB (12 Viewers)

[Voice_of_Reason]

Morning !

I am going to the Forum on Monday and want to ask questions about Holdings accounts. Are you able to provide me with any information beforehand ?

1. What is the value of assets in Holdings and what are these assets ?
2. What is the amount of liabilities in Holdings and what are these liablities ?
3. When funds were injected into "the club" were these funds injected into Holdings ?
4. How are funds injected shown in the accounts ?
5. Can you confirm therefore that the debt owed in respect of funds injected is that of Holdings not CCFC Ltd.

I am hoping this will provide a commercial value of Holdings.

Thank you. Will you be going on Monday ?

 

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[wafw1971]

Can you ask this question too:

Why don't Sisu purchase the Ricoh in full it cant be much more than £35 Million (new stadium build cost). They will have to wait for compass contract to end, as far as I am aware they signed a 10 year contract 8 or 9 years ago, Sisu just waits for the contract to end then they have the food and beverage.

 

[dongonzalos]

Can you ask this question too:

Why don't Sisu purchase the Ricoh in full it cant be much more than £35 Million (new stadium build cost). They will have to wait for compass contract to end, as far as I am aware they signed a 10 year contract 8 or 9 years ago, Sisu just waits for the contract to end then they have the food and beverage.

More like 100 million.

35 million is for a big standard small stadium only.

Plus the council see it as a community resource and don't trust SISU with it.

 

[rupert_bear]

PLEASE,PLEASE don't bring up finance AGAIN ffs. It will give Fisher who is one smart cookie the excuse to waffle on eat time and get away from the burning issue, WHERE ARE WE PLAYING COME AUGUST 3rd. I keep saying finance is history, we know the stories, almost becoming a book at bed time. Nothing can be done about historical inaccuracies, and if there are any that admin bloke should confront that. I have been to both forums, kept my powder dry and need to go to Mondays, anyone got a spare invite. I promise i won't let you down.

 

[odysseus]

Please, please don't bring up finance AGAIN ffs. It will give Fisher who is one smart cookie the excuse to waffle on eat time and get away from the burning issue, WHERE ARE WE PLAYING COME AUGUST 3rd. I keep saying finance is history, we know the stories, almost becoming a book at bed time. Nothing can be done about historical inaccuracies, and if there are any that admin bloke should confront that. I have been to both forums, kept my powder dry and need to go to Mondays, anyone got a spare invite. I promise i won't let you down.

From what I gleaned from the forum last night they know where we are playing and have plans in hand. Just not allowed to announce it till club exits admin.

 

[Colin1883]

Dear Mr fisher,

On Monday evening I will asking the above questions.

I hope by posting them on an open internet forum it will give you plenty of time to prepare your answers.

Regards...

 

[quinn1971]

Please, please don't bring up finance AGAIN ffs. It will give Fisher who is one smart cookie the excuse to waffle on eat time and get away from the burning issue, WHERE ARE WE PLAYING COME AUGUST 3rd. I keep saying finance is history, we know the stories, almost becoming a book at bed time. Nothing can be done about historical inaccuracies, and if there are any that admin bloke should confront that. I have been to both forums, kept my powder dry and need to go to Mondays, anyone got a spare invite. I promise i won't let you down.

We wil be at the ricoh next season.do not listen to what fisher is saying he is not running the club ( which is the reason he wont be able to get a ground share agreed) .remember the council have friends in high places.bob ainsworth Geoffrey robinson and the sports minister ( who has the final say on the new ground being built).They have all raised concerns in parliment about sisu.so it comes down to this tim fisher v the government.i wouldn't be too worried ;-) wait until you see the new pitch at the ricoh ....stunning

 

[Deleted member 5849]

Robinson raising concerns is the biggest vote of confidence they could have.

 

[Sky Blue Pete]

Robinson raising concerns is the biggest vote of confidence they could have.

Chardonnay socialist that he is!!

 

[quinn1971]

Robinson raising concerns is the biggest vote of confidence they could have.

He lost alot of money.He won't get any back siding with sisu.

 

[Grendel]

Morning !

I am going to the Forum on Monday and want to ask questions about Holdings accounts. Are you able to provide me with any information beforehand ?

1. What is the value of assets in Holdings and what are these assets ?
2. What is the amount of liabilities in Holdings and what are these liablities ?
3. When funds were injected into "the club" were these funds injected into Holdings ?
4. How are funds injected shown in the accounts ?
5. Can you confirm therefore that the debt owed in respect of funds injected is that of Holdings not CCFC Ltd.

I am hoping this will provide a commercial value of Holdings.

Thank you. Will you be going on Monday ?

With respect why bother?

Supporters thinking they can out wit a financial hedge fund and catch them out is fantasy land.

What are you hoping to achieve.

People really need to get them to explain how they managed to get this 3 year plan signed off. Yes finances play a part but only in terms of profit projection.

All organisations will research customer impact. The customer will always be at the top of the brand pyramid. The impact has to be assessed not just on the 3 years but also they must have evualated long term impact of moving. Some loyal consumers will move away not to return. All organisations must adopt a customer first approach.

So what do they think the impact will have on the customer?

What is the long term risk assessment on customer retention after 3 years.

If it is a 10 year model how does any forecast projection on a worse case analysis do anything but lose a fortune.

This plan would never be signed off by any business particularly bearing in mind the organisation in question loses money and has lost money for some considerable time even with better and better projected revenues.

Anyone suggesting moving a business from where its only consumers purchase and funding losses to return with what has to be damaged long term customer loyalty will be deemed mad.

This plan will not happen. It can't happen. If it does the conclusion is they want to lose money.

 

[Mary_Mungo_Midge]

With respect why bother?

Supporters thinking they can out wit a financial hedge fund and catch them out is fantasy land.

What are you hoping to achieve.

People really need to get them to explain how they managed to get this 3 year plan signed off. Yes finances play a part but only in terms of profit projection.

All organisations will research customer impact. The customer will always be at the top of the brand pyramid. The impact has to be assessed not just on the 3 years but also they must have evualated long term impact of moving. Some loyal consumers will move away not to return. All organisations must adopt a customer first approach.

So what do they think the impact will have on the customer?

What is the long term risk assessment on customer retention after 3 years.

If it is a 10 year model how does any forecast projection on a worse case analysis do anything but lose a fortune.

This plan would never be signed off by any business particularly bearing in mind the organisation in question loses money and has lost money for some considerable time even with better and better projected revenues.

Anyone suggesting moving a business from where its only consumers purchase and funding losses to return with what has to be damaged long term customer loyalty will be deemed mad.

This plan will not happen. It can't happen. If it does the conclusion is they want to lose money.

This is a Red Letter Day. I find myself wholly endorsing what you've written. I may go and celebrate with a bacon sandwich

 

[Grendel]

This is a Red Letter Day. I find myself wholly endorsing what you've written. I may go and celebrate with a bacon sandwich

Make mine a sausage and egg one.

 

[oldskyblue58]

Morning !

I am going to the Forum on Monday and want to ask questions about Holdings accounts. Are you able to provide me with any information beforehand ?

1. What is the value of assets in Holdings and what are these assets ? assets 31/05/11 were property (ryton)800k trademarks 3k equipment 248k investment in subsidaries 200 trade debtors etc 477k stock 351k cash at bank 955k
2. What is the amount of liabilities in Holdings and what are these liablities ? liabilities trade creditors 537k tax & VAT 679k other creditors 201k accruals (items where bill not received but know it is coming) 903K Finance lease 135K Deferred income (eg sponsorship deals running more than one year) 282k owed to other group members £47.3m
3. When funds were injected into "the club" were these funds injected into Holdings ? apparently all transactions go through holdings so assume so
4. How are funds injected shown in the accounts ? as loans from other group members 47.3m
5. Can you confirm therefore that the debt owed in respect of funds injected is that of Holdings not CCFC Ltd. CCFC H owe other group members but then they have lent CCFC Ltd that money

I am hoping this will provide a commercial value of Holdings.

Thank you. Will you be going on Monday ? have asked to

No probs VOR hope the above helps but it is all based on the accounts to 31/05/11

Also bear in mind that CCFC H have put in a provision against the amounts owed to it by CCFC Ltd reducing that debtor/asset to nil. They are claiming 44m is owed to them in the administrators statement.

CCFC H has no more value than CCFC Ltd .............. nil

 

[oldskyblue58]

Good points Grendel which i agree ......... only thing I disagree with is the "Why bother" People bother because they care, feel frustrated, need to feel they are doing something ...... I can not in all honesty knock anyone for doing that

 

[simple_simon]

OSB58
Hope you sort them out on Monday

 

[Jack Griffin]

I keep asking & no one has asked TF/SB at the forum, do these loans require interest payment (or could they do so) ..

4. How are funds injected shown in the accounts ? as loans from other group members 47.3m

 

[Sky Blue Pete]

With respect why bother?

Supporters thinking they can out wit a financial hedge fund and catch them out is fantasy land.

What are you hoping to achieve.

People really need to get them to explain how they managed to get this 3 year plan signed off. Yes finances play a part but only in terms of profit projection.

All organisations will research customer impact. The customer will always be at the top of the brand pyramid. The impact has to be assessed not just on the 3 years but also they must have evualated long term impact of moving. Some loyal consumers will move away not to return. All organisations must adopt a customer first approach.

So what do they think the impact will have on the customer?

What is the long term risk assessment on customer retention after 3 years.

If it is a 10 year model how does any forecast projection on a worse case analysis do anything but lose a fortune.

This plan would never be signed off by any business particularly bearing in mind the organisation in question loses money and has lost money for some considerable time even with better and better projected revenues.

Anyone suggesting moving a business from where its only consumers purchase and funding losses to return with what has to be damaged long term customer loyalty will be deemed mad.

This plan will not happen. It can't happen. If it does the conclusion is they want to lose money.

Absolutely spot on and when challenged tf really didn't have an answer

 

[James Smith]

With respect why bother?

Supporters thinking they can out wit a financial hedge fund and catch them out is fantasy land.

What are you hoping to achieve.

People really need to get them to explain how they managed to get this 3 year plan signed off. Yes finances play a part but only in terms of profit projection.

All organisations will research customer impact. The customer will always be at the top of the brand pyramid. The impact has to be assessed not just on the 3 years but also they must have evualated long term impact of moving. Some loyal consumers will move away not to return. All organisations must adopt a customer first approach.

So what do they think the impact will have on the customer?

What is the long term risk assessment on customer retention after 3 years.

If it is a 10 year model how does any forecast projection on a worse case analysis do anything but lose a fortune.

This plan would never be signed off by any business particularly bearing in mind the organisation in question loses money and has lost money for some considerable time even with better and better projected revenues.

Anyone suggesting moving a business from where its only consumers purchase and funding losses to return with what has to be damaged long term customer loyalty will be deemed mad.

This plan will not happen. It can't happen. If it does the conclusion is they want to lose money.

I'm going to have to have a lie down in a darkened room, I've agreed with two of your posts today!

 

[Sky Blues]

With respect why bother?

Supporters thinking they can out wit a financial hedge fund and catch them out is fantasy land.

What are you hoping to achieve.

People really need to get them to explain how they managed to get this 3 year plan signed off. Yes finances play a part but only in terms of profit projection.

All organisations will research customer impact. The customer will always be at the top of the brand pyramid. The impact has to be assessed not just on the 3 years but also they must have evualated long term impact of moving. Some loyal consumers will move away not to return. All organisations must adopt a customer first approach.

So what do they think the impact will have on the customer?

What is the long term risk assessment on customer retention after 3 years.

If it is a 10 year model how does any forecast projection on a worse case analysis do anything but lose a fortune.

This plan would never be signed off by any business particularly bearing in mind the organisation in question loses money and has lost money for some considerable time even with better and better projected revenues.

Anyone suggesting moving a business from where its only consumers purchase and funding losses to return with what has to be damaged long term customer loyalty will be deemed mad.

This plan will not happen. It can't happen. If it does the conclusion is they want to lose money.

I'm another one who will have to lie down. Fom the fourth line down I agree with you. To do what they are proposing to do is irrational, unless they are not intending to do what they are proposing to but merely putting that up as a bluff to leverage a more rational course of action.

I disagree with you saying that there is no point to doing what many of the fans are doing - irrational thoughts can sometimes unintentionally become irrational acts, so anything which can help highlight irrationality cannot hurt if it stops an unhappy accident.

Actually, scrub lying down, I agree with MMM, a bacon sarnie sounds a great way to celebrate!

 

[Grendel]

Good points Grendel which i agree ......... only thing I disagree with is the "Why bother" People bother because they care, feel frustrated, need to feel they are doing something ...... I can not in all honesty knock anyone for doing that

To be fair I did not mean to be dismissive regarding why bother. I think it's fairly easy to dodge specific financial questions and is time consuming.

I think it would be more relevant to explore the business plan and how the business case for exodus stacks up against alternatives. Frankly of they project 3,000 they could probably look at the rugby ground (I've never been) or Nuneaton and limit the capacity. To move 30 miles is a nonsense.

I also think (not sure) that league rules stipulate they must provide transport for supporters which would be more cost if true.

 

[Voice_of_Reason]

Another question (are you reading this post Timmy lol ?).... Should you not be the preferred bidder, would SISU (notice SISU) be prepared to sell Coventry City (Holdings) Limited to the preferred bidder or negotiate a sale to them ? I state SISU because although you are CEO of Holdings Limited it is not your decision if Holdings is sold or not, that decision rests with SISU.

 

[Mary_Mungo_Midge]

To be fair I did not mean to be dismissive regarding why bother. I think it's fairly easy to dodge specific financial questions and is time consuming.

I think it would be more relevant to explore the business plan and how the business case for exodus stacks up against alternatives. Frankly of they project 3,000 they could probably look at the rugby ground (I've never been) or Nuneaton and limit the capacity. To move 30 miles is a nonsense.

I also think (not sure) that league rules stipulate they must provide transport for supporters which would be more cost if true.

Again, I agree. Bloody hell!

What's worse, of course, is that they will have limited opportunity to commercially exploit a third-party's stadium, and with crowds minuscule, turnover will be poor and therefore with FFP - the squad will be poorly funded.

If this situation carries on for three seasons, there must be every chance the club would be flirting with relation, or indeed relegated. Where the hell does that then leave the bigger picture?

 

[Broken Hearted Sky Blue]

Again, I agree. Bloody hell!

What's worse, of course, is that they will have limited opportunity to commercially exploit a third-party's stadium, and with crowds minuscule, turnover will be poor and therefore with FFP - the squad will be poorly funded.

If this situation carries on for three seasons, there must be every chance the club would be flirting with relation, or indeed relegated. Where the hell does that then leave the bigger picture?

We'll be massive in the Conference:facepalm:

 

[cloughie]

With respect why bother?

Supporters thinking they can out wit a financial hedge fund and catch them out is fantasy land.

What are you hoping to achieve.

People really need to get them to explain how they managed to get this 3 year plan signed off. Yes finances play a part but only in terms of profit projection.

All organisations will research customer impact. The customer will always be at the top of the brand pyramid. The impact has to be assessed not just on the 3 years but also they must have evualated long term impact of moving. Some loyal consumers will move away not to return. All organisations must adopt a customer first approach.

So what do they think the impact will have on the customer?

What is the long term risk assessment on customer retention after 3 years.

If it is a 10 year model how does any forecast projection on a worse case analysis do anything but lose a fortune.

This plan would never be signed off by any business particularly bearing in mind the organisation in question loses money and has lost money for some considerable time even with better and better projected revenues.

Anyone suggesting moving a business from where its only consumers purchase and funding losses to return with what has to be damaged long term customer loyalty will be deemed mad.

This plan will not happen. It can't happen. If it does the conclusion is they want to lose money.

i'm beginnining to worry about myself thats a third like for you

 

[cloughie]

I keep asking & no one has asked TF/SB at the forum, do these loans require interest payment (or could they do so) ..

Yes Jack they do come with an interest added . TF confirmed to me personally that they do not take any payment on the loans it just stacks up as debt along with the interest added ( probably at a very high rate set by sisu)

hence the so called £ 70 million debt ..........payday loan rates no doubt as it went from £45M to £70M in 2/3 months