70million pounds of debt !!!!!
You side step this massive issue to rant about acl and the council !!!!
please explain your view on this debt and how ccfc will be able sustain all of sisu's fees and interest which runs into millions and rising daily?
70million pounds of debt !!!!!
You side step this massive issue to rant about acl and the council !!!!
please explain your view on this debt and how ccfc will be able sustain all of sisu's fees and interest which runs into millions and rising daily?
It's been explained just about 100 times in threads that you have participated.
Why would you ask about the debts level again - you know it's purpose is to protect against hostile takeovers. Ask Hoffman how effecitive it is.
Why would you ask about management fee's when you know it's not to pull out money from the club back into the pockets of sisu - you know it's an instrument to distribute cost between the companies in the group.
Why would you ask about interest when you know the sisu loans does not charge interest?
70million pounds of debt !!!!!
You side step this massive issue to rant about acl and the council !!!!
please explain your view on this debt and how ccfc will be able sustain all of sisu's fees and interest which runs into millions and rising daily?
Always puzzles me how an investment turns into a loan when the business goes tits up.
Godiva do you know the loans for a fact do not carry interest ?
did Timmy not say the accounts were wrong ?
Also sisu group companies have lent money against season tickets out of the goodness of their hearts ?
I could explain but I cannot dumb myself down to a level that you would comprehend. Using crayons and big pictures is a bit difficult on the internet.
Always puzzles me how an investment turns into a loan when the business goes tits up.
Go on try me with your best intellectual effort?
Always puzzles me how an investment turns into a loan when the business goes tits up.
SISU, IMO, have probably dumped debt on the club as part of their 'end-game'.
I wonder if SISU can write this debt off? So Otium don't have to pay anything... :thinking about:
ery likely aUp and till the last known accounts the loans charged no interest. That's the known fact. Why would it change? They are trying to bring the club to break even, that won't happen if they suddenly start charging interests and fee's.
Fisher did NOT say the accounts were wrong - he said they were 'a mess'. That is certainly not the same. The key figures will remain the same for the group even if they decided to redo the old accounts.
Mortgaging season tickets is not a sisu invention. Other clubs do it. It is an instrumet to raise cash flow in the close and preseason when income is low. It's nothing sinister or evil. It's a financial instrument.
I could explain but I cannot dumb myself down to a level that you would comprehend. Using crayons and big pictures is a bit difficult on the internet.
There is no point. You know full well that the debt is not debt accrued through football related matters. Also you should know that the clubs desire to own the management company stems from FFP rules where debt in this division is not related to competitiveness.
I agree with all that except ffp is used as a smoke screen by sisu. Ffp is convenient for sisu to justify their actions !!!!
Mortgaging season tickets is not a sisu invention. Other clubs do it. It is an instrumet to raise cash flow in the close and preseason when income is low. It's nothing sinister or evil. It's a financial instrument.
It certainly is extremely harmful to our income when one considers the huge rate of interest that the club had to pay on this "financial instrument". In fact TF was highly critical of the season ticket mortgage that was arranged by Dulieu, and for once I found myself agreeing with TF on that point.
Your posts would have a lot more credibility if you showed some common sense and a solid understanding of financial matters, rather than showing a knee jerk support for nearly all of SISU's past actions.
Your funny Godiva. Sisu are not going to say we are going to break acl so that we can take over the ricoh to gain more money for our investors !!!
They say we need all the ricoh revenue for ffp purposes !!!!
Which of these statements do you genuinely believe ?
It was first used by Ranson/Hoffman. And yes it has a cost, but Ranson had no other option as sisu had refused him more money. And they still refused to put in more than absolutely necessary until there was a sustainable plan going forward.
There is no point. You know full well that the debt is not debt accrued through football related matters. Also you should know that the clubs desire to own the management company stems from FFP rules where debt in this division is not related to competitiveness.
3. Ranson/Hoffman left several years ago. Why do you refuse to criticize anything SISU have done since then? Frankly it just makes you look stupid when I am sure you are not.
Oh I have been very critical of sisu - especially about their total ignorance of involving the fans. They should have embrased the Trust and provided ALL information they could. The cloak and dagger tactics around obtaining part of ACL was misguided and insted they should have laid all cards openly in front of the Trust. Everything should have been explained. Why is Fisher not present on this board on a set time each week?
The way they handle their customers - fans who are lifelong season ticket holders as well as new kids going through their first season (wouldn't blame them if it was also the last) - it's a total disaster!
I support them for being the first owners in decades who actually try to get the club up on even keel. But their first three years with Ranson/Hoffman/Elliot at the wheel was equally a disaster. And don't get me started on Ken Dulieu!
I said many times when we went into administration that new owners would be the prefered outcome. But I also realised that was never going to happen - the debt wall and the uncertainty of which company actually owned the golden share made it impossible.
Anyway - I would be happy if ACL were to be sold to the club at a price that makes sense, but I doubt it will happen.
Then I would hope ACL would offer a deal that would keep the club at the Ricoh for the three years interim period, but that too is very unlikely to happen. That would require some real pressure on ccc from the fans, but we spend our energy on tweeting, texting, writing, calling, mailing just about anybody in the UK demanding they don't deal with sisu.
I could explain but I cannot dumb myself down to a level that you would comprehend. Using crayons and big pictures is a bit difficult on the internet.
What's it like living in your Ivory tower?...you condescending prick!
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