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JR2 (13 Viewers)

  • Thread starter Willo The Wisp
  • Start date Jan 31, 2017
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Nick

Administrator
  • Feb 2, 2017
  • #141
Gosford Green said:
You are missing the point. I can decide if it's stupidity, arrogance or the need to keep the hits on this web site.

I am a director of 2 companies, if I fall out with customers trading as co 1 and then try and sell them services under the other company saying that co 1 and co2 are not linked it would not swallow as I control both companies.
SISU control all the companies listed by OSB, fan's are aware who controls the club.
Click to expand...

What is stupid or arrogant? What's with the "need to keep the hits on the website" shit also because people disagree with you.

My point about them being different is about when people say starve CCFC isn't it and action like that?
 

Nick

Administrator
  • Feb 2, 2017
  • #142
ricohroar said:
I see so its part of CCFC when its doing well? but not when not?
Click to expand...

What is part of CCFC?
 

shmmeee

Well-Known Member
  • Feb 2, 2017
  • #143
ricohroar said:
If CCFC did a Leicester and in 5-6 years time under the same ownership, won the Premiership, would SISU benefit from it?

If so surly when being hit by lack of attendance they must also take the hit?? Stand corrected if I'm wrong
Click to expand...

Depends.

CCFC owe Sisu a metric butt load of cash (it's a high finance term). Sisu basically can take any profit we ever make until they are paid back.

The question is: what would CCFC do if their income doesn't meet their outgoings and Sisu have shut the purse strings to more borrowing (as seems to be the case).

Either: A) The club has to sell players at first, cut costs on wages and the like, then eventually go bust. Probably leading to Sisu taking Ryton and fucking off leaving us God knows where in the league structure with no players of worth, no ground and no training or academy facilities. It would also mean any debts run up in that period to suppliers or players or the like would probably be left unpaid as Sisu have dibs on any cash or assets.

or B) Sisu suddenly have a change of heart and start pumping cash in to keep the club afloat (seriously unlikely)

So the question becomes: are you willing to accelerate the demise of the club to get Sisu out? Considering that they can probably keep us going with 0 fans for another season or two on player sales and TV money alone (apparently we turned down £2m worth of bids last week, that should cover at least a season's worth of losses). Neither route (supporting the club or not) will "cost Sisu money".
 
Reactions: Nick

Sky Blue Kid

Well-Known Member
  • Feb 2, 2017
  • #144
oldfiver said:
CCFC is listed in the JR interested parties with SISU controlled companies trading as CCFC v CCC/Wasps/Higgs etc.
But that makes them a complainant ( or whatever the word is ) not just an "interested party" ?
Click to expand...
Everybody loves OSB58 and believes what he says.... Start believing............................ Quoting OSB58............... "What is also unarguable is that Fisher can no longer say that the club is not involved in the legal actions because Otium which trades as the club CCFC is named as a plaintiff and is very much involved."......
PS. Note!
 
Reactions: Captain Dart, Gosford Green and georgehudson

Nick

Administrator
  • Feb 2, 2017
  • #145
shmmeee said:
Depends.

CCFC owe Sisu a metric butt load of cash (it's a high finance term). Sisu basically can take any profit we ever make until they are paid back.

The question is: what would CCFC do if their income doesn't meet their outgoings and Sisu have shut the purse strings to more borrowing (as seems to be the case).

Either: A) The club has to sell players at first, cut costs on wages and the like, then eventually go bust. Probably leading to Sisu taking Ryton and fucking off leaving us God knows where in the league structure with no players of worth, no ground and no training or academy facilities. It would also mean any debts run up in that period to suppliers or players or the like would probably be left unpaid as Sisu have dibs on any cash or assets.

or B) Sisu suddenly have a change of heart and start pumping cash in to keep the club afloat (seriously unlikely)

So the question becomes: are you willing to accelerate the demise of the club to get Sisu out? Considering that they can probably keep us going with 0 fans for another season or two on player sales and TV money alone (apparently we turned down £2m worth of bids last week, that should cover at least a season's worth of losses). Neither route (supporting the club or not) will "cost Sisu money".
Click to expand...

And that's the whole idea, why would they want it to cost them money if it isn't doing well?

It's ruthless, it's absolute shite but it's how it is!
 

Nick

Administrator
  • Feb 2, 2017
  • #146
Sky Blue Kid said:
Everybody loves OSB58 and believes what he says.... Start believing............................ Quoting OSB58............... "What is also unarguable is that Fisher can no longer say that the club is not involved in the legal actions because Otium which trades as the club CCFC is named as a plaintiff and is very much involved."......
PS. Note!
Click to expand...

Who has said CCFC / Otium aren't involved in this one? It's in black and white.

It's correct, he can't say it about this one. He can about the others where they aren't named as they weren't named then.
 

Sky Blue Kid

Well-Known Member
  • Feb 2, 2017
  • #147
Nick said:
Who has said CCFC / Otium aren't involved in this one? It's in black and white.

It's correct, he can't say it about this one. He can about the others where they aren't named as they weren't named then.
Click to expand...
Why you asking me?.... Ask Oldfiver that question. I'll wait for your apology Nick.
 

shmmeee

Well-Known Member
  • Feb 2, 2017
  • #148
Nick said:
And that's the whole idea, why would they want it to cost them money if it isn't doing well?

It's ruthless, it's absolute shite but it's how it is!
Click to expand...

Yeah, I mean I'm not going to slag off those who think speeding up what seems like an inevitable process is the way to go. I totally understand that viewpoint. But they should be clear that's what they are doing, not hurting Sisu but causing CCFC a lot of short term pain for potential long term gain.

I also don't buy the opposing argument of "if we just fill the ground someone will buy us", mostly because Sisu have shown that they have no intention of selling. I'm convinced that their two options are: turn us around by some miracle, or let us rot on the vine until we have to go bust.

It's a proper shit sandwich. The question is do we wolf it down quick, or take little nibbles each day for years?
 
Reactions: Gosford Green, Astute, montydon87 and 1 other person

Nick

Administrator
  • Feb 2, 2017
  • #149
shmmeee said:
Yeah, I mean I'm not going to slag off those who think speeding up what seems like an inevitable process is the way to go. I totally understand that viewpoint. But they should be clear that's what they are doing, not hurting Sisu but causing CCFC a lot of short term pain for potential long term gain.

I also don't buy the opposing argument of "if we just fill the ground someone will buy us", mostly because Sisu have shown that they have no intention of selling. I'm convinced that their two options are: turn us around by some miracle, or let us rot on the vine until we have to go bust.

It's a proper shit sandwich. The question is do we wolf it down quick, or take little nibbles each day for years?
Click to expand...

I agree, it's just to point out that it isn't going to damage SISU. They will have structured it so that it won't damage them which is why I say that it is targetting CCFC rather than SISU and in that aspect it is different.

They would quite happily just sit and let us tick over at arms length not costing them a bean.

If people realise and are doing it to harm CCFC to speed it up then it's different to doing it thinking they will make SISU go bust.
 
O

oldfiver

Well-Known Member
  • Feb 2, 2017
  • #150
Sky Blue Kid said:
Why you asking me?.... Ask Oldfiver that question. I'll wait for your apology Nick.
Click to expand...

I simply pointed out the statements above do not seem to be right

Is CCFC ( or SBBL properly ) a complainant or joined in as an interested party?
There is a difference
It will be listed in the Court documents somewhere I assume
 

Sky Blue Kid

Well-Known Member
  • Feb 2, 2017
  • #151
Sky Blue Kid said:
Everybody loves OSB58 and believes what he says.... Start believing............................ Quoting OSB58............... "What is also unarguable is that Fisher can no longer say that the club is not involved in the legal actions because Otium which trades as the club CCFC is named as a plaintiff and is very much involved."......
PS. Note!
Click to expand...


oldfiver said:
I simply pointed out the statements above do not seem to be right

Is CCFC ( or SBBL properly ) a complainant or joined in as an interested party?
There is a difference
Click to expand...


Please read again the Quote from OSB58...
 

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #152
Astute said:
But we know that Joy refused to negotiate. It was on her terms or not at all.
Click to expand...

This is the bottom line, really. It's hard to imagine how it won't get laughed out of court (again!) given how adamant they were that they weren't interested, were building their own stadium, etc.
 
Reactions: Brylowes, Captain Dart, Astute and 2 others

Sky Blue Kid

Well-Known Member
  • Feb 2, 2017
  • #153
Nonleagueherewecome said:
This is the bottom line, really. It's hard to imagine how it won't get laughed out of court (again!) given how adamant they were that they weren't interested, were building their own stadium, etc.
Click to expand...
Yo Man! How's it going mate. Only talking about you day before yesterday, hope you're keeping well.
 
Reactions: Captain Dart and Nonleagueherewecome

Sub

Well-Known Member
  • Feb 2, 2017
  • #154
Has anybody looked in to AVRO/otiums accounts to see if there are payments going in or out or to and from SISU? (i know OSB might of done but i cant remember if he has)
 

Otis

Well-Known Member
  • Feb 2, 2017
  • #155
Nonleagueherewecome said:
This is the bottom line, really. It's hard to imagine how it won't get laughed out of court (again!) given how adamant they were that they weren't interested, were building their own stadium, etc.
Click to expand...
Where the hell have you been? You been held in a darkened cellar somewhere by the secret twin brother of Joseph Fritzl?
 
Reactions: Nonleagueherewecome

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #156
Sky Blue Kid said:
Yo Man! How's it going mate. Only talking about you day before yesterday, hope you're keeping well.
Click to expand...
I'm not bad cheers mate, hope you are well!
 
Reactions: ricohroar and Sky Blue Kid

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #157
Otis said:
Where the hell have you been? You been held in a darkened cellar somewhere by the secret twin brother of Joseph Fritzl?
Click to expand...

I can't think of a better metaphor for the mental anguish of having your football club owned by SISU, so yes, metaphorically I have! I still have the odd read on matchday's, just to check up on your puns and SW's typo's, hee hee!
 
Reactions: Brylowes, ricohroar and Otis

Nick

Administrator
  • Feb 2, 2017
  • #158
Sub said:
Has anybody looked in to AVRO/otiums accounts to see if there are payments going in or out or to and from SISU? (i know OSB might of done but i cant remember if he has)
Click to expand...

Yes, OSB goes through them all with a fine toothcomb and I'd guess other people do too!
 

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #159
Hey all my old likes look like they got deleted whilst I was away, I look even more unpopular than I actually was now! Ah well, 4 today, Like Rate is a mighty 1 per 2,528.5 posts, so at this rate I have a better chance of being out of the bottom 4 by April than City do.
 
Reactions: Brylowes, Captain Dart, Astute and 3 others

Nick

Administrator
  • Feb 2, 2017
  • #160
Nonleagueherewecome said:
Hey all my old likes look like they got deleted whilst I was away, I look even more unpopular than I actually was now! Ah well, 4 today, Like Rate is a mighty 1 per 2,528.5 posts, so at this rate I have a better chance of being out of the bottom 4 by April than City do.
Click to expand...

There weren't any, ever!
 
Reactions: Nonleagueherewecome

Sub

Well-Known Member
  • Feb 2, 2017
  • #161
Nick said:
Yes, OSB goes through them all with a fine toothcomb and I'd guess other people do too!
Click to expand...

Thanks Nick so as you say damaging CCFC does not damage SISU as they are seperate companies.
But does it damage OTIUM/ARVO ?
 

shmmeee

Well-Known Member
  • Feb 2, 2017
  • #162
Nonleagueherewecome said:
Hey all my old likes look like they got deleted whilst I was away, I look even more unpopular than I actually was now! Ah well, 4 today, Like Rate is a mighty 1 per 2,528.5 posts, so at this rate I have a better chance of being out of the bottom 4 by April than City do.
Click to expand...

There you go mate, up to 1 per 1685 now
 
Reactions: Nonleagueherewecome

Nick

Administrator
  • Feb 2, 2017
  • #163
Sub said:
Thanks Nick so as you say damaging CCFC does not damage SISU as they are seperate companies.
But does it damage OTIUM/ARVO ?
Click to expand...

Otium is CCFC so will be damaged.

My point is just that people can make CCFC go bust tomorrow and Joy isn't going to be homeless or damaged from it.
 
O

oldfiver

Well-Known Member
  • Feb 2, 2017
  • #164
Sky Blue Kid said:
Please read again the Quote from OSB58...
Click to expand...
That is not answering my question is it
 

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #165
Nick said:
There weren't any, ever!
Click to expand...
Yeah I know, I'm just trying to compensate for my other issues probably! :shamefullyembarrased:

Maaaan there are so many emoticons now, spoilt for choice.
 
Reactions: Captain Dart and shmmeee

Sub

Well-Known Member
  • Feb 2, 2017
  • #166
Nick said:
Otium is CCFC so will be damaged.

My point is just that people can make CCFC go bust tomorrow and Joy isn't going to be homeless or damaged from it.
Click to expand...

She never will they always protect the basics !!

So CCFC is otium they are linked so they can be damaged as one.

And Sisu are using OTIUM as one of therre investment companies (which they will have many) to invest their clients money to get a return on? is that right?
 

shmmeee

Well-Known Member
  • Feb 2, 2017
  • #167
Nonleagueherewecome said:
Yeah I know, I'm just trying to compensate for my other issues probably! :shamefullyembarrased:

Maaaan there are so many emoticons now, spoilt for choice.
Click to expand...

Have another one for calling them emoticons and not emojis
 
Reactions: Nonleagueherewecome

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #168
shmmeee said:
There you go mate, up to 1 per 1685 now
Click to expand...
Cheers shmeee!

I should probably get off this fine thread or it will get moved to Off Topic. On the other hand, I suppose the distraction might be welcome, it doesn't feel like good news.
 

shmmeee

Well-Known Member
  • Feb 2, 2017
  • #169
Sub said:
She never will they always protect the basics !!

So CCFC is otium they are linked so they can be damaged as one.

And Sisu are using OTIUM as one of therre investment companies (which they will have many) to invest their clients money to get a return on? is that right?
Click to expand...

No. Otium is CCFC. Otium trades as CCFC. They aren't an investment company. I'm a little sketchy on the details, think it's Arvo that are the investment company and then other ones under Sisu. Poke around OSBs post history for details.
 

Nonleagueherewecome

Well-Known Member
  • Feb 2, 2017
  • #170
shmmeee said:
Have another one for calling them emoticons and not emojis
Click to expand...
Now there is a term that:


What's wrong with the old jargon, eh? I was in a meeting last week with someone who didn't even know what pwn was. Pfft. Kids today...
 

Otis

Well-Known Member
  • Feb 2, 2017
  • #171
shmmeee said:
No. Otium is CCFC. Otium trades as CCFC. They aren't an investment company. I'm a little sketchy on the details, think it's Arvo that are the investment company and then other ones under Sisu. Poke around OSBs post history for details.
Click to expand...
Whatever it is, it is hardly crystal clear is it!
 

shmmeee

Well-Known Member
  • Feb 2, 2017
  • #172
Nonleagueherewecome said:
Now there is a term that:


What's wrong with the old jargon, eh? I was in a meeting last week with someone who didn't even know what pwn was. Pfft. Kids today...
Click to expand...

In my day we made our smiley faces in ASCII and we were glad for it!

;-)
 
Reactions: Nonleagueherewecome

chiefdave

Well-Known Member
  • Feb 2, 2017
  • #173
Sub said:
What would happen if AVRo or Sisu went bust ? what would happen to CCFC ?
Click to expand...
If the owners of Otium (CCFC) went bust then Otium would potentially be sold either as part of administration or liquidation of the parent company.

Then its up in the air if there's a points deduction. Southampton did but the argument there was the holding company only owned the football club and nothing else and therefore were essentially the same thing.
 

Nick

Administrator
  • Feb 2, 2017
  • #174
Sub said:
She never will they always protect the basics !!

So CCFC is otium they are linked so they can be damaged as one.

And Sisu are using OTIUM as one of therre investment companies (which they will have many) to invest their clients money to get a return on? is that right?
Click to expand...

What can be damaged as one? Yes Otium can be damaged as that is the limited company behind CCFC.

As Shmmeee says though, another one for OSB to get into detail about!
 

Sub

Well-Known Member
  • Feb 2, 2017
  • #175
Thanks for all the replys just trying to get my head round the Chain of command in basic terms So it looks like this below i guess?

SISU
I
OTIUM/CCFC
I
Fans/supporters
 
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