From the CET Mr Robinson doesn't hold back saying how he wrote off 20mil of his own money etc to let them take over the club and feels they have taken the piss.
Seems a bit odd to me, at the time I wasn't keen on him but for anyone to write off that amount of cash for the good of the club can't see how he can be foe...
Seems a bit odd to me, at the time I wasn't keen on him but for anyone to write off that amount of cash for the good of the club can't see how he can be foe...
So it's been SISU's plan all along. Make us rubbish for a few years and scare us with administration talk until this pay-back clause runs out, then suddenly spring into action after 2013, making us a world dominating force. You wait and see people!!!
Now tell me if i am missing something but isnt the reason SISU are here at all that successive Boards of Directors and CEO's made the mess that left us 30 minutes before going bankrupt? Wasn't GR one of the directors that didnt control the company and its officers very well? By the time SISU came in CCFC Group had accumulated £43m losses and total liabilities at £50m (source - companies house). Of which £37m losses and £42m total liabilities were accumulated while he was a director. - not all his fault accepted
Debt we have not shaken off despite a chunk being deferred or written off when SISU came in and SISU taking on the remainder.
Since SISU came in they have as the Sky Blue Sports & Leisure group accumulated further losses at £17m to 31/05/10 and total liabilities are now £37m (of which £24m owed to SISU - which is the total debts they took over i believe, so they have as a group taken on new total liabilities of £13m)
I'm pretty sure Geoffrey has said all this before so the only reason I can think of that makes it 'newsworthy' again is that he is somehow involved in the Hoffman bid?
I'm pretty sure Geoffrey has said all this before so the only reason I can think of that makes it 'newsworthy' again is that he is somehow involved in the Hoffman bid?
Now tell me if i am missing something but isnt the reason SISU are here at all that successive Boards of Directors and CEO's made the mess that left us 30 minutes before going bankrupt? Wasn't GR one of the directors that didnt control the company and its officers very well? By the time SISU came in CCFC Group had accumulated £43m losses and total liabilities at £50m (source - companies house). Of which £37m losses and £42m total liabilities were accumulated while he was a director. - not all his fault accepted
Debt we have not shaken off despite a chunk being deferred or written off when SISU came in and SISU taking on the remainder.
Since SISU came in they have as the Sky Blue Sports & Leisure group accumulated further losses at £17m to 31/05/10 and total liabilities are now £37m (of which £24m owed to SISU - which is the total debts they took over i believe, so they have as a group taken on new total liabilities of £13m)