King talks accounts and predictions (1 Viewer)

oldskyblue58 said:

The 100m in losses is a nonsense manufactured via clever use of the group situation and in the administration. Ultimately for the establishment of otium it equates to the preference shares issued in 2014 big chunk of that manufacturing, 28m, even predates sisu.

Effectively the losses are only that level because sisu wanted them to be it isnt all losses from trading no where near.

Exclude most of the preference shares and the losses since 2014 are around 40m. Not insignificant but no way sisu lost 100m hard cash to keep us going

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robbiethemole said:

about time he announced a share issue, so we can all go back to owning a part of our Club, just like we did before SISU scabbed us out of them!!

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Danceswithhorses said:

Oddly he says this:
Moving forward, future funding requirements will be provided by the new owner via the new parent undertaking CovCityCo Ltd without incurring interest or management charges

Erm, Doug you own us, but you make it sound like someone else does ??
Probably just badly phrased.

Doug King makes 'exciting' prediction as Coventry City accounts published

Coventry City news from CoventryLive as we take a look at the comments and figures behind the club's latest set of published accounts

www.coventrytelegraph.net

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Grendel said:

I do wonder if king does own all the shares in the new company

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