Forest are losing £1m per month.
Do you have a source ?
That seems to be pretty much...
It scares me what state the club will be in when they hand it over. They will still have most of the core debt and no assets left.
Yep our debts are to certain key unammed investors in SISU. SISU are selling our top players and putting the money into seperately created businesses in order to dissasociate that money from the core club debt, in order to give those investors some money back, allowing SISU to specifically chose who to give the money to. Instead of reinvesting it back into the club or distributing prorata between the debters. If we still have those players if we go into administration they would not be able to dictate who gets paid from the sales, thus they want to sell the players first. They dont want us to go into adminstration as it would look bad on SISU as investors. They dont want to hand the club over to the hoff untill they have sold every player with a possible suitor so they minimise the impact on their investors. They have no alligence to CCFC, their business and alligence is rightly to their investors. It scares me what state the club will be in when they hand it over. They will still have most of the core debt and no assets left.
Yep our debts are to certain key unammed investors in SISU. SISU are selling our top players and putting the money into seperately created businesses in order to dissasociate that money from the core club debt, in order to give those investors some money back, allowing SISU to specifically chose who to give the money to. Instead of reinvesting it back into the club or distributing prorata between the debters. If we still have those players if we go into administration they would not be able to dictate who gets paid from the sales, thus they want to sell the players first. They dont want us to go into adminstration as it would look bad on SISU as investors. They dont want to hand the club over to the hoff untill they have sold every player with a possible suitor so they minimise the impact on their investors. They have no alligence to CCFC, their business and alligence is rightly to their investors. It scares me what state the club will be in when they hand it over. They will still have most of the core debt and no assets left.
Yep our debts are to certain key unammed investors in SISU. SISU are selling our top players and putting the money into seperately created businesses in order to dissasociate that money from the core club debt, in order to give those investors some money back, allowing SISU to specifically chose who to give the money to. Instead of reinvesting it back into the club or distributing prorata between the debters. If we still have those players if we go into administration they would not be able to dictate who gets paid from the sales, thus they want to sell the players first. They dont want us to go into adminstration as it would look bad on SISU as investors. They dont want to hand the club over to the hoff untill they have sold every player with a possible suitor so they minimise the impact on their investors. They have no alligence to CCFC, their business and alligence is rightly to their investors. It scares me what state the club will be in when they hand it over. They will still have most of the core debt and no assets left.
OSB I regulary read your posts with great respect you obviously do your home work and have considerable financial knowledge. I therefore ask your opinion if some (maybe a sizeable chunk) of our day to day running costs could be interest paid to SISU dressed up as management charges.Tim Fisher was certainly very vague in stating what our current monthly shortfall is. I ask this as I once looked at purchasing a franchise which seemed so cheap but the management charge was extortionate to cover all manor of items.
thanks I,ll be renewing my ST whatever anyway
At the moment we apparently run at a loss of 7.5 million a year,that's due to wages and rent mainly,we have to bear in mind we dnt have any income coming in and won't do next year because we loaned 6000 season ticket income already and the money from the shop will just cover the interest of that loan providing we get 6000 season ticket sales,I don't get sisu staying if there wasn't anything for them that's why I think Hoffman and co must have tempted sisu with something,there's nothing here for sisu otherwise.
The gap between income and costs for the following three seasons until the 31st May 2011 (the date of our most recent financial year end) totalled another £16m.
The financing gap was filled by SISU providing further funding month after month.
Read More http://www.coventrytelegraph.net/co...he-money-gone-92746-30209621/2/#ixzz1nEtlm39J
Fisher himself said losses were running around £5M/yr, but costs have been cut since then.
The figure I was told by TIM fisher to explain where thirty million pound had gone in four years
Why is that amusing? People judge from what they see some see a poor tactician, weak leadership, inept motivational skills. No one has ever said the worsening financial position hasn't been the major factor in our demise. However, this also does not make the manager exempt from some culpability. In worsening financial times companies need skilled leaders not unqualified managers using the club as a form of apprentiship.
When you see stuff like that though you must think it is a bit much to suggest he is the worse manager we have ever had when despite all the above we are 3 points from safety
Not as much to suggest he would make West Ham 10 points better off. Sorry but for me that was your David Steele or Michael Fish moment - lampooned for ever by a rather ridiculous statement.
Ha ha, I still believe it. I think if he was in charge of a squad with that luxury and type of player he would have them passing everyone off the park. They would do what swansea, norwich and QPR did but because they have a better class of player they would win the league like the likes , Newcastle, Sunderland. Big Sam will take them up but it will be bloody ugly
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