In praise of Waggot and Pressley (1 Viewer)

Longford · Nov 4, 2013

mrtrench said:
No there isn't. A hedge fund manages funds for investors. Imagine the investor is you. You invested £1mm with SISU to make money and they lose it all. Are you happy?
Imagine that you invested £1mm in Royal Mail shares also this year - and doubled your money. So your net gain is zero. So you pay no tax. Happy now? Of course not. You would much rather have made £2mm profit and paid the tax (capital gains tax is max 28%). And that assumes you didn't register yourself in the Cayman Islands and avoid tax anyway - like SISU.

SISU is losing loads of money on CCFC and they hate it.

But EVEN organisations as complicated as hedge funds cannot get all their assists off shore. Most. But not all. I'm no expert, but does capital gains even apply to PLCs etc ? Either way. No. I'm not happy.

Longford · Nov 4, 2013

SkyBlue_Taylor said:
I don't think the tax they could avoid would make up for their losses in CCFC!

I'm sure you are correct if you look at just CCFC. But CCFC is just part of their portfolio. Not is entirety. A "distressed asset" helps when talking to the tax man. Especially if that asset keep you involved in negotiations that may get you control of more profitable assets in the future. They play the long game....always the long game. As for who wins a a bit of silver in a "game" called football...they couldn't care less.

letsallsingtogether · Nov 4, 2013

I remember seeing both Waggot and Presley at there Trust Q and A meetings when they spoke and answered questions they seemed very honest. Knew what they wanted to do from the strat.

Liked them straight away even thou some people were slagging them off from the start before they were even given a chance.

For once I like to think I was right

skybluefred · Nov 4, 2013

theferret said:
It remains the most baffling argument used by the more foaming-at-the-mouth anit-SISU types, the idea that they have 'milked' the club. Are there some mysterious money fairies based at Ryon who magic up the players' wages every week?

You can accuse SISU of a lot of things - from financial mismanagement to questionable ethics - but the idea they suck money out of the club is absurd, and it discredits those who take the SISU out at all costs standpoint (even if it means staying in Northampton by refusing to sell the Ricoh to SISU). We all want SISU out, and we all have our reasons for that, but 'sucking money out of the club' is not one shared by many I suspect.

Anyhow, came on here to talk about a great result and end up getting embroiled in all this shizzle again. Happens every time!

It's time you and Godiva extracted your heads from the sand and woke up to the facts. Sisu and only Sisu sold all
players they could get money for and invested not one penny in new players. Sisu and only Sisu got us relegated.
Sisu and only Sisu took out a mortgage on Ryton which is almost certainly now money owed by CCFC.
And just for you Sisu lovers,It was Sisu and only Sisu who took us out of our home to play away in some two bit ground
in Northampton and therefore costing the Club dear in lost revenue.
So yes you go on supporting Sisu and prolong the utter disgrace of playing home games away.

ajsccfc · Nov 4, 2013

The slightest doubt that not all accusations against them may be true and you're a Sisu supporter.

Fucking hell, this forum.

letsallsingtogether · Nov 4, 2013

They have invested how much of there own money that is the Question?
£60m in 5 years must have been all those international players we brought to try and get promoted all those players on £50,000 a week?

Rent of £5 million in 5 years that is what did it?

theferret said:
It remains the most baffling argument used by the more foaming-at-the-mouth anit-SISU types, the idea that they have 'milked' the club. Are there some mysterious money fairies based at Ryon who magic up the players' wages every week?

You can accuse SISU of a lot of things - from financial mismanagement to questionable ethics - but the idea they suck money out of the club is absurd, and it discredits those who take the SISU out at all costs standpoint (even if it means staying in Northampton by refusing to sell the Ricoh to SISU). We all want SISU out, and we all have our reasons for that, but 'sucking money out of the club' is not one shared by many I suspect.

Anyhow, came on here to talk about a great result and end up getting embroiled in all this shizzle again. Happens every time!

Grendel · Nov 4, 2013

letsallsingtogether said:
They have invested how much of there own money that is the Question?
£60m in 5 years must have been all those international players we brought to try and get promoted all those players on £50,000 a week?

Rent of £5 million in 5 years that is what did it?

The club was losing £500,000 a year when they took over. They signed players in year one and have hardly made profits on many sales. They paid outstanding debts at around £8 million. Most intelligent observers make the debt (investment) to be more like £35 to £40 million.

In praise of Waggot and Pressley (1 Viewer)

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In praise of Waggot and Pressley (1 Viewer)

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