oldskyblue58
CCFC Finance Director
no particular commentary on any of this just a few facts and other stuff
1) the rent agreement deadline is apparently tomorrow (see covmad but i dont know if this is fact)
2) the club reportedly owes ACL nearly £1m - that weakens ACL's cashflow makes it vulnerable makes it cheaper to obtain ........ hmmmm :thinking about
3) Walsall made a profit last year £10k
4) Walsall paid a rent of £427k average gate circa 4500 - league average rent is apparently £150K
5) Sky Blue Sports & Leisure have filed a change to its objects (what it sets to do ) and its Articles (the rules under which the company runs)- one change relates converting debt to equity dated 05/09/12. The resolution was signed by Sarah Kelly of Scarba Limited who are general partners in Sconset Limited - so Sconset owns SBSL and is itself made up of various parties including Scarba Ltd
6) no changes for CCFC or CCFCH in their articles or objects - that would mean if equity is or has been issued then it will be in SBSL and i would bet the debts on CCFC individual financial statements actually remain. SISU provided money to SBSL not direct to CCFC
7) From Company House the last time a charge over assets was settled on CCFC was 14/04/08 the latest charge taken out was 22/03/12 Arvo
8) There are two outstanding charges on CCFCH - 23/03/12 ARVO and 8/04/11 SBSL the last charge settled was done so 08/08/11
9) CCFCH owns Ryton and CCFC the option to buy the charity shares. Ryton charge wasnt settled recently it would seem
10) the last charge taken out against SBSL was 02/06/11 to do with Prozone sale it hasnt been satisfied
11) currently each company has the following shares issued per company house SBSL 13698 CCFCH 13949.95 and CCFC 100. To issue shares all companies would have to increase the authorised share capital by resolution filed at Company House - see 5 above SBSL has the ability to do so now
I understand that the club take the match day tickets (corporate and all other which would include selling meals in the ticket price), they get all pitch level advertising income and half the car park income .......... of the match day income (after costs of provision) how much else is there really that makes those other income streams they dont have so important?
Like I said no real commentary pretty much just facts - make of it what you will
1) the rent agreement deadline is apparently tomorrow (see covmad but i dont know if this is fact)
2) the club reportedly owes ACL nearly £1m - that weakens ACL's cashflow makes it vulnerable makes it cheaper to obtain ........ hmmmm :thinking about
3) Walsall made a profit last year £10k
4) Walsall paid a rent of £427k average gate circa 4500 - league average rent is apparently £150K
5) Sky Blue Sports & Leisure have filed a change to its objects (what it sets to do ) and its Articles (the rules under which the company runs)- one change relates converting debt to equity dated 05/09/12. The resolution was signed by Sarah Kelly of Scarba Limited who are general partners in Sconset Limited - so Sconset owns SBSL and is itself made up of various parties including Scarba Ltd
6) no changes for CCFC or CCFCH in their articles or objects - that would mean if equity is or has been issued then it will be in SBSL and i would bet the debts on CCFC individual financial statements actually remain. SISU provided money to SBSL not direct to CCFC
7) From Company House the last time a charge over assets was settled on CCFC was 14/04/08 the latest charge taken out was 22/03/12 Arvo
8) There are two outstanding charges on CCFCH - 23/03/12 ARVO and 8/04/11 SBSL the last charge settled was done so 08/08/11
9) CCFCH owns Ryton and CCFC the option to buy the charity shares. Ryton charge wasnt settled recently it would seem
10) the last charge taken out against SBSL was 02/06/11 to do with Prozone sale it hasnt been satisfied
11) currently each company has the following shares issued per company house SBSL 13698 CCFCH 13949.95 and CCFC 100. To issue shares all companies would have to increase the authorised share capital by resolution filed at Company House - see 5 above SBSL has the ability to do so now
I understand that the club take the match day tickets (corporate and all other which would include selling meals in the ticket price), they get all pitch level advertising income and half the car park income .......... of the match day income (after costs of provision) how much else is there really that makes those other income streams they dont have so important?
Like I said no real commentary pretty much just facts - make of it what you will
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