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PWKH on CWR? (1 Viewer)

  • Thread starter Nick
  • Start date Mar 4, 2019
Forums New posts

Nick

Administrator
  • Mar 4, 2019
  • #1
Apparently was on earlier, anybody hear what he had to say?
 
B

bradwellskyblues

Well-Known Member
  • Mar 4, 2019
  • #2
his total love of our owners shone through quite touching really
 
Reactions: Nonleagueherewecome and Deleted member 5849
S

SonofErnie

Well-Known Member
  • Mar 4, 2019
  • #3
Mostly talked about the sale to Wasps. They offered cash and SISU attached multiple conditions making the decision an easy one.
 

Nick

Administrator
  • Mar 4, 2019
  • #4
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.
 
Reactions: Sick Boy and covcity4life
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bradwellskyblues

Well-Known Member
  • Mar 4, 2019
  • #5
sisu and PKH fell out big time and hell would need to freeze over before he would sell to them.
 

covcity4life

Well-Known Member
  • Mar 4, 2019
  • #6
Pkwh hates ccfc
 

Nick

Administrator
  • Mar 4, 2019
  • #7
covcity4life said:
Pkwh hates ccfc
Click to expand...

Careful, he has a family of lawyers you know
 
Reactions: Sick Boy, lordsummerisle and covcity4life
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bradwellskyblues

Well-Known Member
  • Mar 4, 2019
  • #8
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
 
Reactions: chiefdave and covcity4life

fernandopartridge

Well-Known Member
  • Mar 4, 2019
  • #9
bradwellskyblues said:
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
Click to expand...

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.
 
Reactions: Sick Boy, The Reverend Skyblue, skybluegnome and 5 others

eastwoodsdustman

Well-Known Member
  • Mar 4, 2019
  • #10
fernandopartridge said:
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.
Click to expand...
Don't forget the money spent on balloons!
 
Reactions: Nonleagueherewecome
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dazed&confused

Well-Known Member
  • Mar 4, 2019
  • #11
fernandopartridge said:
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.
Click to expand...

Very precise figures. Link?
 

shmmeee

Well-Known Member
  • Mar 4, 2019
  • #12
fernandopartridge said:
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.
Click to expand...

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

 

Captain Dart

Well-Known Member
  • Mar 4, 2019
  • #13
Disapointed to see that.
Even worse pkwh pays himself £65k (note right near the end of report.)
 

fernandopartridge

Well-Known Member
  • Mar 4, 2019
  • #14
shmmeee said:
What makes you say that? It’s not what the Commission believes anyway:

View attachment 11659
Click to expand...

Have a look at the annual report:

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

fernandopartridge

Well-Known Member
  • Mar 4, 2019
  • #15
dazed&confused said:
Very precise figures. Link?
Click to expand...

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

fernandopartridge

Well-Known Member
  • Mar 4, 2019
  • #16
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.
 
Reactions: shmmeee

Nick

Administrator
  • Mar 4, 2019
  • #17


Still, he can keep banging on about "conditions" all the time. Bloke is just as much of a snake as the rest of them.
 
Reactions: duffer, Sick Boy and skybluegnome

fernandopartridge

Well-Known Member
  • Mar 4, 2019
  • #18
Nick said:
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.
Click to expand...

Yep, and completely unchallenged by the useless local media
 
Reactions: duffer and Sick Boy

The Reverend Skyblue

Well-Known Member
  • Mar 4, 2019
  • #19
Captain Dart said:
Disapointed to see that.
Even worse pkwh pays himself £65k (note right near the end of report.)
Click to expand...
pay rise of nearly £10,000 from year before
 
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Deleted member 5849

Guest
  • Mar 4, 2019
  • #20
Captain Dart said:
Disapointed to see that.
Even worse pkwh pays himself £65k (note right near the end of report.)
Click to expand...
£65k more than Fisher got from Otium, in the last accounts
 
Reactions: duffer

better days

Well-Known Member
  • Mar 4, 2019
  • #21
Deleted member 5849 said:
£65k more than Fisher got from Otium, in the last accounts
Click to expand...
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

Well-Known Member
  • Mar 4, 2019
  • #22
Deleted member 5849 said:
£65k more than Fisher got from Otium, in the last accounts
Click to expand...
We haven't seen Otium accounts yet.
But he and Laura Deering deffo got nothing for being directors of SBS&L.
 

chiefdave

Well-Known Member
  • Mar 4, 2019
  • #23
Captain Dart said:
We haven't seen Otium accounts yet.
Click to expand...
Click here to view the Coventry City Football Club (Otium Enterainment Group Limited) Accounts.
 

Captain Dart

Well-Known Member
  • Mar 4, 2019
  • #24
chiefdave said:
Click here to view the Coventry City Football Club (Otium Enterainment Group Limited) Accounts.
Click to expand...
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.
 
Last edited: Mar 4, 2019

oldskyblue58

CCFC Finance Director
  • Mar 4, 2019
  • #25
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

Well-Known Member
  • Mar 4, 2019
  • #26
Deleted member 5849 said:
£65k more than Fisher got from Otium, in the last accounts
Click to expand...
And £40,000 less then Grendel,
 
Reactions: Nick, Captain Dart and Deleted member 5849
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dazed&confused

Well-Known Member
  • Mar 4, 2019
  • #27
fernandopartridge said:
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.
Click to expand...

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'.
 
Reactions: fernandopartridge
D

Deleted member 5849

Guest
  • Mar 4, 2019
  • #28
dazed&confused said:
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'.
Click to expand...
Catchy.
 
Reactions: fernandopartridge, Captain Dart and dazed&confused

Nick

Administrator
  • Mar 4, 2019
  • #29
Deleted member 5849 said:
£65k more than Fisher got from Otium, in the last accounts
Click to expand...
Ha imagine that in the telegraph. The family of lawyers would be fuming
 

fernandopartridge

Well-Known Member
  • Mar 4, 2019
  • #30
dazed&confused said:
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'.
Click to expand...

Thanks for that. Like I said £89k
 

SBAndy

Well-Known Member
  • Mar 5, 2019
  • #31
fernandopartridge said:
Thanks for that. Like I said £89k
Click to expand...

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

Administrator
  • Mar 5, 2019
  • #32
SBAndy said:
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?
Click to expand...

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.
 
S

SkyBlueZack

Well-Known Member
  • Mar 5, 2019
  • #33
Even before we moved to Northampton, it was going to be wasps, wasn’t it?
 

chiefdave

Well-Known Member
  • Mar 5, 2019
  • #34
SBAndy said:
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?
Click to expand...
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

Administrator
  • Mar 5, 2019
  • #35
chiefdave said:
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.
Click to expand...

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?"
 
Reactions: chiefdave
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