Onye is just as bad (6 Viewers)

[ccfcway]

1st Sept 2011

I fully appreciate that what matters to supporters is investment on the field.

Those who were previously directly responsible for our football transfer policy left the Club in a difficult situation with 11 players out of contract in June leaving us to inherit a dangerously depleted squad of players.We want to see major improvements on and off the field, but like many of our competitors we are operating within a more practical and long term budgetary structure than in recent years. Money has been available for the club to spend this summer, and I am delighted that as well as goalkeepers Joe Murphy and Chris Dunn, Cody McDonald, a striker, was signed yesterday.

We will hopefully also be successful in attracting some quality loan players later this month to help Andy Thorn. Also, despite a number of approaches, we have declined substantial offers for Lukas Jutkewicz (sic) and, as widely reported, other players, in order to maintain our commitment to compete at this level. A working capital facility has been made available to the Club to support it through the final stage of the turnaround plan and major improvements and innovative ideas are expected in the coming months.

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The Clocks ticking boys !

 

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[TheRoyalScam]

Just been looking at a financial report on SBSL (Sky Blue Sports and Leisure, who 'own' CCFC).

The last accounts were signed off by auditors BDO LLP, whose audit report states that there is uncertainty concerning the company being a 'going concern'.

Since the last accounts were published, businesses (including other football clubs) are advised that if they are going to deal with SBSL to use Caution - Credit at your discretion.

SBSL's credit rating/limit has dropped in the last year from 66%/£60,000 to 12%/nil - hence the above warning.

Dulieu resigned as chairman just after the latest annual report was released on 2/12/2011 - I wonder why?

January looks like being a critical month I'm afraid.

 

[crowsnest]

Just been looking at a financial report on SBSL (Sky Blue Sports and Leisure, who 'own' CCFC).

The last accounts were signed off by auditors BDO LLP, whose audit report states that there is uncertainty concerning the company being a 'going concern'.

Since the last accounts were published, businesses (including other football clubs) are advised that if they are going to deal with SBSL to use Caution - Credit at your discretion.

SBSL's credit rating/limit has dropped in the last year from 66%/£60,000 to 12%/nil - hence the above warning.

Dulieu resigned as chairman just after the latest annual report was released on 2/12/2011 - I wonder why?

January looks like being a critical month I'm afraid.

Think you may be mixing up annual report with the annual return - a list of shareholders.

The annual return was released on 2/12/2011.

 

[crowsnest]

Also, sbsl is only a holding company for ccfc and prozone. Prozone which was profitable has been sold, which would explain the credit rating.

Most companies would check the credit rating for ccfc and not sbsl.

 

[TheRoyalScam]

Think you may be mixing up annual report with the annual return - a list of shareholders.

The annual return was released on 2/12/2011.

Just checked and you're indeed right, crowsnest - should read 'return' and not 'report' - my bad! Still looks mightily depressing to me though!

 

[wingy]

If sbsl is the parent company of cCFC, does that reflect the same confidense levels for CCFC Crowsnest.