oldskyblue58
CCFC Finance Director
Agree with most of it ...... but they are paying for their period of usage - including use of offices, shop and bars etc........ not for exclusive use all year
Maybe my understading is not correct, I'm sure OSB will confirm things for me
ACL are the landlord
CCFC are the tennant
CCFC use the stadium for 20/30 home games during a 9/10 month season
CCFC pay rent of approx £100k a month including out of season months
Despite CCFC paying £100k a month in the close season ACL have let the stadium out for the Olympics
It seems your hate for SISU outweighs any concern for the club's future.
Absolute nonsense. We have certainly not tried to live beyond our means paying out stupid wages on players we can't afford.
.
Actually we did ..... but the figures were not so large ......... any club paying 110% of turnover out on wages is certainly living beyond its means ............ and we did
Actually we did ..... but the figures were not so large ......... any club paying 110% of turnover out on wages is certainly living beyond its means ............ and we did
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No instead we just live beyond our means by getting the council to build us a stadium we couldn't afford to pay rent on.
Calculate the percentage when Richardson was around
We didn't get the council to do anything. We had a nice little ground, fit for purpose and one that suited out pockets and our attendances. Richardson thought otherwise.
Yes, Richardson certainly did. His stewardship ruined this club. If SISU have got one thing right it's to get the wage bill down.
We didn't get the council to do anything. We had a nice little ground, fit for purpose and one that suited our pockets and our attendances. Richardson thought otherwise.
so if sisu are not blackmailing the council, they are blackmailing the fans with threat of selling players to finance the rent? great ! keep justifying the actions of this shower and making arguments for them. They have funds to pay what they owe , they should honour their commitments. not weazel their way out of them with the help of cheerleaders like you. make no mistake if you owed sisu money they would be ruthless in recovering it. its called business.
Richardson drills us a 60 million hole and he gets a free pass with the SISU out drones on here...
Fook only knows how Ranson convinced SISU to save us from admin...
Richardson drills us a 60 million hole so therefore all consecutive owners can screw the club up as much as they want according to some on here.
Of course we did. In 2003 CCFC was out of money, the ACL project was about to collapse, City sold their shares to higgs trust. The club had to ask the council to approve this (as the council's partner was changing from CCFC to the Higgs trust), of which there was a lengthly council meeting which decided to support this.
Had the council decided not to approve this proposal CCFC would have gone into admin the next day.
Dont have 2011 accounts with me but
2009 Turnover 8.895m Wages 10.503m
2010 Turnover 9.291m Wages 10.314m
hardly what i call matching costs to income to get a viable business
2011 were not greatly better
2012 might match we dont know
2013 who knows
Yes, and why were we "out of money"? Surely, even you can't blame SISU for that.
How much do you think SISU have "trousered" out of the club then?
Yes, and why were we "out of money"? Surely, even you can't blame SISU for that.
Forget it. CoundonSkyBlue wants us to pay our way, not be like Portsmouth, live within our means and still spend millions on players.
Nothing. If they had run the club properly I would have been happy for them to take however much they wanted out.
Fact is debt has increased since they took over, revenue streams are lower, and we are playing our lowest level for nearly 50 years. Those 3 things are Sisu caused problems which cannot be blamed on previous boards.
Dont have 2011 accounts with me but
2009 Turnover 8.895m Wages 10.503m
2010 Turnover 9.291m Wages 10.314m
hardly what i call matching costs to income to get a viable business
2011 were not greatly better
2012 might match we dont know
2013 who knows
No the truth seems to be you want the rent paid and you have also said we "are no better than Portsmouth". So the solution is to live purely on a self funded basis including paying a huge percentage of turnover in rent. In order to do this and not be like Portsmouth wages will be slashed further and players sold. That is what you want isn't it?
I have not metioned portsmouth at all. I don't know where the words you have put in quotes are from , but not from me. your logic means we will lurch from one crisis to another, if sisu are allowed to get away with this , it will be a green light for them to pull other financial strokes. If this lot cannot even secure a pitch to play on,all the other stuff including players wages and signings etc..are irrelevent.. I wouldn't let sisu run a tuck shop..
SISU's biggest mistake was to take on the club and walk into this fiasco blind. They took RR's word when he presented CCFC as something which could deliver a quick win-did they do their homework on him or the club? Obviously not, and a fatal oversight on their part. They have been very slow learners in this business, but now, finally, seem to be getting the house in more order-but it has taken 5 years of incompetence (or naïveté?) on their part to achieve this. The root cause here is SISU's failure to do their homework on a business that was riddled with problems.
Agree with most of it ...... but they are paying for their period of usage - including use of offices, shop and bars etc........ not for exclusive use all year
So yo would rather they sell players have a weaker squad and pay the rent?
you don't seem to get it? there are no players or signings or matches or hotdogs or anything without a stadium to play in, got it? you must get out of your mind that football is a special case where normal rules of business and finance do not apply. They do and will..wait and see. if sisu want to take it to the logical conclusion we will all pay the price.
I think sisu would argue that they trusted Ranson ... a former pro footballer and successful businessman still related to the industri. And he put up his own money to show how much he believed in the idea.
Ranson failed to deliver and last year he was kicked out. It's what has happened since you can meassure sisu on.
Last season everybody complained that sisu were ruining the club while the paved the way to this seasons start ... and now most seem pretty contempt.
It takes time to turn around a failing business ... and it takes time for people to understand what steps are necessary ... and even more to appreciate the outcome.
What I don't "get" is why this particular issue interests you that much. Just answer this - if they agreed to pay the rent in full and to do this - quite rightly under FPP and moral business practice they sold several members of the squad to pay for it - would that make you happier.
According to Ranson he had wanted to resign a lot sooner than he eventually did. I'd still argue that SISU did not do enough due diligence or research on this venture or the industry in general when they took us on. I remain confused as to why our flurry of signings this summer has some heaping praise on Tim Fisher when he will happily breech rent agreements (due September) as a bargaining tactic. Short memories among some of us.
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