I've long thought that there could be some truth in this. Perhaps somebody versed in company law cud shed light?
Or is there any truth in the 'CCFC being used as a debt pit' theory???
prove they put in 30mill they have put large consultancy fees in
A hedge fund is usually paid a fee by their investors.
Usually between 1.5% and 2.5% of the profit in the funds they manage plus a fixed annual fee based on the value of the assets they manage.
I haven't heard of any hedge fund taking fee's from the companies they manage.
What I wanna know is - who the Hell are their creditors & what's their thinking about these doughnuts constantly Fucking everything they touch up ???
But in sisu's case I would think most investors are very rich individuals and none of them have ever heard of Coventry City Football Club and probably never will.
Hedge funds have a fixed charge of between 2-5% of the value of the fund plus a percentage of any increase in the value, usually 15-20%.
CCFC wasn't acquired by the SISU hedge fund, it was a managed asset and would have been subject to agreed management charges plus a percentage of any increase in value.
Is that a 'debt-pit'? Is that how you think sisu dumps debt on the club?
Let me get that straight.
First they pump in between £20m and £30m.
Then they take out a couple of milions in directors salary.
Nope. Don't get it.
Answer me this.
Your business is in turning around loss making companies.
these loss making companies are as liable to fail as to succeed.
if you were minded to load your toxic debts onto a company, in an ethically dubious and borderline legal way... why on earth would you choose the company in your portfolio with highest public profile to do so, thus drawing most attention to your practices?!?
Are you saying that Otium has a parent company then and is part of another group?
Why 2000 cov fans ventured to six field and support sisu is behond me
if you were minded to load your toxic debts onto a company, in an ethically dubious and borderline legal way... why on earth would you choose the company in your portfolio with highest public profile to do so, thus drawing most attention to your practices?!?
Could you please explain that theory for me ... slowly and in layman terms, so I can understand how it's done and how sisu are making money on it?
Who really knows after two good results i think they expected more than turned up for Preston, TF may have to do he sums again but seem keen and prepared to lose money for a few years!!.. The bigger question should be funding loses is one thing, but how do they plan to fund a new build as well as keep the team competitive and bring in new investors while losing money and fans during this period....No matter how much money you have throwing it away is a question TF will have to answer in the near future to more than just fans...
Hoorah, an Emperor's new clothes moment! Debt pit my arse, nobody likes losing money. Each legal entity has to pay its own tax. Companies write off tax against debt as making the best of a bad thing - but as SISU are hiding all their legal entities in tax havens anyway it's irrelevant.
Besides that, they are a hedge fund, operating funds. These losses in CCFC are real people who invested cash to make a profit and are losing instead.
Of all these people who keep going on about debt pits, how many actually work in finance? Come on admit it, you have heard the phrase and bandy it around assuming it is relevant. It isn't. Wise up - Not a Penny more will work - SISU will at some stage be forced to give up by their investors and then they will go.
The big concern for me is, that after 3-5 years away, even if they do build a new stadium there is no guarantee they will fill it as they may well have lost thousands of fans for good by then.
They could have this grand scheme, build the stadium and then find they can't fill it. That surely must be playing on their minds.
It is not just a case of build a new stadium and fans returning. There is surely the possibility of building a new stadium and having that half empty too. And if that's the case, then you have to wonder what's the point in the first place?
At the moment fans are being driven away from Coventry City FC. This could well end up as a permanent situation. Fans aren't just going to sit around, twiddle their thumbs and wait for 5 years for the club to return. They will find other things to do with their lives, or follow a new club which will surely arise if something isn't sorted soon.
Apologies if its already been said but timmy said they can keep the club going for next 3 years, rising to 5, whilst fantasy island is being built. Someone mentioned back at ricoh by xmas, i was told Saturday night that we'll be back after the next two home games. The source isnt bad and pretty well connected but of course until it happens its rumourwith gate numbers, lack of merchandising etc balanced against wages,cobblers rent etc how long before it becomes non viable financially,or ist already?
Answer me this.
Your business is in turning around loss making companies.
these loss making companies are as liable to fail as to succeed.
if you were minded to load your toxic debts onto a company, in an ethically dubious and borderline legal way... why on earth would you choose the company in your portfolio with highest public profile to do so, thus drawing most attention to your practices?!?
Apologies if its already been said but timmy said they can keep the club going for next 3 years, rising to 5, whilst fantasy island is being built. Someone mentioned back at ricoh by xmas, i was told Saturday night that we'll be back after the next two home games. The source isnt bad and pretty well connected but of course until it happens its rumour
I hope that your source is proven to be right!!!
if the toxic debt dumping is true, i will say that again if true. i would argue that the profile off the business has nothing to do with it, if shitsu were bothered about image they wouldn't be in the business they are in. i would say it would have more to do with the ease that they could do it, mostly down to the fact that the FL/FA make it easy for companies to do so. i think the pompey story highlights this, how many owners did they have before their trust took hold off the club? and each one left the club straddled with more debt than the last
But this is sisu we are talking about run by the hide away Seppela ? we don't know the half of what is going on .I can't prove it ... I rely on OSB58 and skyblusquirrel, the forums two number cruncher. Their investigations have found sisu have injected between £20m and £30m up till 2012.
As for the much quoted management fee's there's no evidence they have anything to do with sisu retrieving some of the money they have put in. It's much more likely management fee's was between the different companies in the SBS&L group to distribute cost.
A hedge fund is usually paid a fee by their investors.
Usually between 1.5% and 2.5% of the profit in the funds they manage plus a fixed annual fee based on the value of the assets they manage.
I haven't heard of any hedge fund taking fee's from the companies they manage.
The profile has everything to do with it. It's not about image, it's about getting away with it.
The 'theory' applies no common sense. If they were doing that, you'd pick a company nobody would notice!
selling their best players, sacking managers, bombing out high profile players.
But all that is good surely, making the club live within its means rather than spunk cash on big name/big waged players it can't afford? (thus making a loss before it does that, in fact, without need to dump debt onto the club).
Common sense does also make you move from the Ricoh. If the club is unviable as is, breaking the monopoly of supply and introducing some competition is not a bad move in common sense terms. it might not be a move you or I like, but it *is* rational. High risk, but rational.
And if the club should be dead anyway, we're onto the highest risk strategies of a high risk organisation.
but what you need to ask yourself is why the club only has the means available that it does
whats it like on your planet?
any football club should live within its means, that's just basic common sense. but what you need to ask yourself is why the club only has the means available that it does and it isn't down to the successful ownership and management of shitsu.
"High risk, but rational" are you for real? 1000 home fans at a ground that even if at half the cost of what they were offered the ricoh at for the next 10 years is commercial suicide, the word rational doesn't even come into it and what you said before that is just nonsense david brent talk at best.
whats it like on your planet? is the weather nice?
Where are the plans?The only solution is to build a new stadium
Had the club moved to the Ricoh owning ACL it would have been in much better condition than it is - and sisu wouldn't have come here.
Because the previous boards sold all the family silverware leaving it with nothing.
And yes, I am for real. No offer has yet to be made to the club for such a deal that was able for them to be accepted. The only reason there has been movement up to this point has been because the stadium supply monopoly has been broken. Just because you don't like their strategy (I don't either) doesn't mean it isn't rooted in a good financial sense for what they are, and what they're trying to do.
It doesn't make SISU loveable and cuddly to say that. It does however go back to the fact that somehow in a culture of blame, a simple message that two sides should really sit down and talk (I'll buy them a coffee in Costa in Waterstone's myself if they like) is getting totally lost.
Ta for the pointless insult btw. Childish, stupid, moronic.
Where are the plans?
"good financial sense" their isn't any sense what so ever.
and as I've resulted to pointless insults when are you and Godiva getting married, can i have an invite?
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