PWKH on CWR? (1 Viewer)

[Nick]

Apparently was on earlier, anybody hear what he had to say?

 

---

[bradwellskyblues]

his total love of our owners shone through quite touching really

 

[SonofErnie]

Mostly talked about the sale to Wasps. They offered cash and SISU attached multiple conditions making the decision an easy one.

 

[Nick]

Even though they had said previously they would never sell their shares to CCFC / SISU and it was always going to be Wasps?

Sounds like another interview somebody can spin shite.

 

[bradwellskyblues]

sisu and PKH fell out big time and hell would need to freeze over before he would sell to them.

 

[covcity4life]

Pkwh hates ccfc

 

[Nick]

Pkwh hates ccfc

Careful, he has a family of lawyers you know

 

[bradwellskyblues]

it was a huge shame as he had it his grasp to significantly alter the whole dynamics but he chose not to shame as they are a COVENTRY based charity

 

[fernandopartridge]

it was a huge shame as he had it his grasp to significantly alter the whole dynamics but he chose not to shame as they are a COVENTRY based charity

Can we stop this nonsense about them being a charity, they made donations totaling £89k last year from income of £1.4m. The Charity spends the majority of its income on running a bar.

 

[eastwoodsdustman]

Can we stop this nonsense about them being a charity, they made donations totaling £89k last year from income of £1.4m. The Charity spends the majority of its income on running a bar.

Don't forget the money spent on balloons!

 

[dazed&confused]

Can we stop this nonsense about them being a charity, they made donations totaling £89k last year from income of £1.4m. The Charity spends the majority of its income on running a bar.

Very precise figures. Link?

 

[shmmeee]

Can we stop this nonsense about them being a charity, they made donations totaling £89k last year from income of £1.4m. The Charity spends the majority of its income on running a bar.

What makes you say that? It’s not what the Commission believes anyway:

 

[Captain Dart]

Disapointed to see that.
Even worse pkwh pays himself £65k (note right near the end of report.)

 

[fernandopartridge]

What makes you say that? It’s not what the Commission believes anyway:

View attachment 11659

Have a look at the annual report:

http://apps.charitycommission.gov.uk/Accounts/Ends67/0000509367_AC_20180405_E_C.PDF

 

[fernandopartridge]

Very precise figures. Link?

http://apps.charitycommission.gov.uk/Accounts/Ends67/0000509367_AC_20180405_E_C.PDF

 

[fernandopartridge]

To cover what I said previously, it is still a charity in as much as it does make grants in line with its charitable objectives.

 

[Nick]

Still, he can keep banging on about "conditions" all the time. Bloke is just as much of a snake as the rest of them.

 

[fernandopartridge]

View attachment 11660

Still, he can keep banging on about "conditions" all the time. Bloke is just as much of a snake as the rest of them.

Yep, and completely unchallenged by the useless local media

 

[The Reverend Skyblue]

Disapointed to see that.
Even worse pkwh pays himself £65k (note right near the end of report.)

pay rise of nearly £10,000 from year before

 

[NorthernWisdom]

Disapointed to see that.
Even worse pkwh pays himself £65k (note right near the end of report.)

£65k more than Fisher got from Otium, in the last accounts

 

[better days]

£65k more than Fisher got from Otium, in the last accounts

Fisher must be paid by one of the other companies under SISU's control
That would make sense
Imagine the stick he'd get if his salary was shown in the accounts
Especially if it's a significant amount

 

[Captain Dart]

£65k more than Fisher got from Otium, in the last accounts

We haven't seen Otium accounts yet.
But he and Laura Deering deffo got nothing for being directors of SBS&L.

 

[chiefdave]

We haven't seen Otium accounts yet.

Click here to view the Coventry City Football Club (Otium Enterainment Group Limited) Accounts.

 

[Captain Dart]

Click here to view the Coventry City Football Club (Otium Enterainment Group Limited) Accounts.

I looked not too long ago and thry were not there! When did they pop up.

Edit: I was checking on companys house web site where they have not appeared. The official site has published them and this is first I heard about it. Story and link...

NEWS: Coventry City FC and its parent company publish latest set of accounts

No time to look today hope osb gets his thoughts down before too long.

 

[oldskyblue58]

Pretty much covered what I want to say previously. Nothing much to add. Otium is the only trading part of the sbs&l group

 

[letsallsingtogether]

£65k more than Fisher got from Otium, in the last accounts

And £40,000 less then Grendel,

 

[dazed&confused]

Can we stop this nonsense about them being a charity, they made donations totaling £89k last year from income of £1.4m. The Charity spends the majority of its income on running a bar.

Thanks for posting the link to the AHCT year to 5 April 2018 Consolidated Financial Statements.

I'm no fan of charities and all their admin costs, but I do think you were being a bit disingenuous to only quote that gross income figure of £1.4m, while ignoring the very significant and pretty relevant trading subsidiary costs of £847k (you don't make a lot of money running a bar: ~£106k, apparently).

A fairer - but still damning - summary might be: 'Given that running a bar isn't particularly profitable, it's fortunate that the AHCT revenues where boosted by net investment & other income of ~£438k; but after taking into account non-direct charitable activity & governance costs of ~£105k (boo), the AHCT was left with a total surplus of ~£439k in the year of which only ~£89k was actually donated to charitable causes, with the balance of ~£350k being carried forward for future use'.

 

[NorthernWisdom]

A fairer - but still damning - summary might be: 'Given that running a bar isn't particularly profitable, it's fortunate that the AHCT revenues where boosted by net investment & other income of ~£438k; but after taking into account non-direct charitable activity & governance costs of ~£105k (boo), the AHCT was left with a total surplus of ~£439k in the year of which only ~£89k was actually donated to charitable causes, with the balance of ~£350k being carried forward for future use'.

Catchy.

 

[Nick]

£65k more than Fisher got from Otium, in the last accounts

Ha imagine that in the telegraph. The family of lawyers would be fuming

 

[fernandopartridge]

Thanks for posting the link to the AHCT year to 5 April 2018 Consolidated Financial Statements.

I'm no fan of charities and all their admin costs, but I do think you were being a bit disingenuous to only quote that gross income figure of £1.4m, while ignoring the very significant and pretty relevant trading subsidiary costs of £847k (you don't make a lot of money running a bar: ~£106k, apparently).

A fairer - but still damning - summary might be: 'Given that running a bar isn't particularly profitable, it's fortunate that the AHCT revenues where boosted by net investment & other income of ~£438k; but after taking into account non-direct charitable activity & governance costs of ~£105k (boo), the AHCT was left with a total surplus of ~£439k in the year of which only ~£89k was actually donated to charitable causes, with the balance of ~£350k being carried forward for future use'.

Thanks for that. Like I said £89k

 

[SBAndy]

Thanks for that. Like I said £89k

And I saw that one of the supposed conditions were that AEHC were to assist with CCFC-related charitable programmes (or something along those lines). What was so offensive about that?

 

[Nick]

And I saw that one of the supposed conditions were that AEHC were to assist with CCFC-related charitable programmes (or something along those lines). What was so offensive about that?

It is just a bullshit excuse he reels off for PR, he had no intention of dealing with CCFC from the start. It was always going to be Wasps.

 

[SkyBlueZack]

Even before we moved to Northampton, it was going to be wasps, wasn’t it?

 

[chiefdave]

And I saw that one of the supposed conditions were that AEHC were to assist with CCFC-related charitable programmes (or something along those lines). What was so offensive about that?

That’s correct. Another condition was to be given access to the same information that had already been supplied to Wasps to verify the business was as healthy as was being claimed. I would suggest that’s not an unreasonable request.

Shame the media never press him on these conditions and just let him reel off his excuses.

 

[Nick]

That’s correct. Another condition was to be given access to the same information that had already been supplied to Wasps to verify the business was as healthy as was being claimed. I would suggest that’s not an unreasonable request.

Shame the media never press him on these conditions and just let him reel off his excuses.

Would have been better if they said:

"But the council officer said in court that you had no intention of doing a deal with CCFC and you tried to persuade them never to either. They also said you only wanted to sell to Wasps from the start. Is that true?"