i am fully expecting Sisu to retain control and the spiraling debt cycle to continue.
If he does that I would take it that SISU won't be up for sale afterwards.Both the Haskell and Byng Consortiums will be well aware of the possibility that the administrator will award CCFC Ltd to SISU.
What do we think these two Consortiums would do in that event. Would they lose interest and melt away leaving us to a future (?) with SISU ? Or would they then approach SISU with a straight offer to take the Club over. I think in this situation, the two Consortiums should liaise together to prevent SISU creating an auction.
Thoughts ?
If he does that I would take it that SISU won't be up for sale afterwards.
The current scenario offers the auction ,after that there really is nothing of any value to sell ,if Ryton has already been sold as rumoured then its possible someone is already cashing in their chips ,Possibly.
If they hadn't wouldn't it be the case that the whole group is in admin.if that is the case - i really dont understand why they have been funding the wages since we went into admin - that is the real red herring
Having now seen that the debenture covers all future purchases by SISU. I even think they may buy the land as part of the bluff
i now don't believe it to be a bluff !!!
they will borrow from Arvo of which ccfc will be making repayments. Not only will we be paying the mortgage but they will charge us
rent also. To top it off we will be paying Sisu a handling admin fee !!!
What makes you think ARVO have got the money to lend to CCFC?
The cash has to run out eventuallyThe fact that they've been funding multimillion pound losses for the last few years?
(You realise ARVO is Sisu right?)
Available cash has never been the question. Making the club self-sustaining has.
The cash has to run out eventually
The fact that they've been funding multimillion pound losses for the last few years?
(You realise ARVO is Sisu right?)
Available cash has never been the question. Making the club self-sustaining has.
I'm sure they'll do what SISU did and move onto the next prospective club to purchase.
I do realise that ARVO is SISU and I also realise that SISU have no money - why should ARVO have any? ARVO has only been around for a couple of years and there is no evidence that it has been funding " multimillion pound losses ".
How do you come to that conclusion? You do realise that SISU is not CCFC, right?
Maybe the regulator does not know about the misuse of funds?What other conclusion would I reach when I read their accounts, they do not have any money. Forget the hedge fund they manage, that is their investors' money. Any investment fund, even one as lightly regulated as a hedge fund, that used investors' money to prop up another ailing investment would attract the regulator's attention.
Maybe the regulator does not know about the misuse of funds?
Are we sure they know about each individual investment?Probably a good idea not to go down this road. You can be sure investors will be studying the regular reports of where the fund is invested - particularly when it has been losing them money for the last 5 years.
Who? ........
What other conclusion would I reach when I read their accounts, they do not have any money. Forget the hedge fund they manage, that is their investors' money. Any investment fund, even one as lightly regulated as a hedge fund, that used investors' money to prop up another ailing investment would attract the regulator's attention.
Probably a good idea not to go down this road. You can be sure investors will be studying the regular reports of where the fund is invested - particularly when it has been losing them money for the last 5 years.
Are we sure they know about each individual investment?
I am not entirely sure of the reporting requirements as they apply (currently) to hedge funds but other funds are required to provide details and I suspect the same would apply to hedge funds either under NYSE or LSE regulation. In any case, hedge funds will be more tightly regulated from next month and will be brought into line with most other types of funds.
The funds are not listed, therefore no requirement to provide details. Doubt they have any UK investors.
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