I don't think most fans have a true understanding of what it will take to be a self sustainable club. We want better communication than a 14k a year Head of Communications provides, we want improved club branding, better marketing of community activities, our youth prospects protected with better contracts so they don't get poached, a cat 2 academy maintained, our favourite players to have money thrown at them when they wind their contracts down and a competitive first team challenging every year and all for 200 quid season tickets.we need to get out of league 2 first time of asking. and out of league 1 within 2-3 years(and challenging every year)
once we are in championship i again i think most fans standards will have lowered and we will be content with survival every year
I don't think most fans have a true understanding of what it will take to be a self sustainable club. We want better communication than a 14k a year Head of Communications provides, we want improved club branding, better marketing of community activities, our youth prospects protected with better contracts so they don't get poached, a cat 2 academy maintained, our favourite players to have money thrown at them when they wind their contracts down and a competitive first team challenging every year and all for 200 quid season tickets.
Does anyone know the rate of interest that Avro charge the club against the loan?
Thanks - if this is correct then Avro is having a really good level of return on the loan to CCFC. This is way above the rate that a commercial loan would be charged. Therefore, given a 11% return per annum on their investment.....why would you sell?11% ish? I think that was mentioned on here previously.
Exactly.Thanks - if this is correct then Avro is having a really good level of return on the loan to CCFC. This is way above the rate that a commercial loan would be charged. Therefore, given a 11% return per annum on their investment.....why would you sell?
Thanks - if this is correct then Avro is having a really good level of return on the loan to CCFC. This is way above the rate that a commercial loan would be charged. Therefore, given a 11% return per annum on their investment.....why would you sell?
Valid point, but, how much cash is actually being paid to Arvo?
And 8.5 mill plus 4 mill accrued interest* (which will only have got worse in the last year) will be one of the major hurdles between SISU's valuation of the club and Hoffman's offer of a 'packet of pickled onion monster munch + 20 million if George Thomas scores a hattrick for Wales in a World Cup final'None it's all deferred.
Does anyone know the rate of interest that Avro charge the club against the loan?
Its difficult to be 100% accurate from the information we have
outstanding to ARVO is around £8.27m. The interest is around £1.37m plus the withholding tax usually 20% gross up (due to ARVO being UK non tax resident) = 1.7m Gross interest
that puts the interest around 20 %
One way to hurt a break even strategy, that...Its difficult to be 100% accurate from the information we have
outstanding to ARVO is around £8.27m. The interest is around £1.37m plus the withholding tax usually 20% gross up (due to ARVO being UK non tax resident) = 1.7m Gross interest
that puts the interest around 20 %
none has actually been paid out as cash, its be rolled up each year increasing the debt except for any that was converted in to preference shares
Its difficult to be 100% accurate from the information we have
outstanding to ARVO is around £8.27m. The interest is around £1.37m plus the withholding tax usually 20% gross up (due to ARVO being UK non tax resident) = 1.7m Gross interest
that puts the interest around 20 %
none has actually been paid out as cash, its be rolled up each year increasing the debt except for any that was converted in to preference shares
They had better make sure they don`t spend any of Nicks season ticket money on paying back the loans or he will go crazy.
Or yours, depending on whether you are boycotting that week or not.
Thank you OSB for your assessment, which brings me back to my point that I cannot see Avro relinquishing the CCFC "cash cow"......assuming the interest could be realised.Its difficult to be 100% accurate from the information we have
outstanding to ARVO is around £8.27m. The interest is around £1.37m plus the withholding tax usually 20% gross up (due to ARVO being UK non tax resident) = 1.7m Gross interest
that puts the interest around 20 %
none has actually been paid out as cash, its be rolled up each year increasing the debt except for any that was converted in to preference shares
11%??? That's way above current market value...stop the payments! That's a tactic that usually brings about real positive outcomes. I mean look how much better off we are now than 4yrs ago!Thanks - if this is correct then Avro is having a really good level of return on the loan to CCFC. This is way above the rate that a commercial loan would be charged. Therefore, given a 11% return per annum on their investment.....why would you sell?
That's why they won't sell the assets for 1.2 m (based on last offer) when they could sell everything off.Thank you OSB for your assessment, which brings me back to my point that I cannot see Avro relinquishing the CCFC "cash cow"......assuming the interest could be realised.
One strategy for the investors could be to fire sell everything and bail out after repaying the loan. Therefore, any offer for the club would need to be in excess of that valuation.
Fuck sisu, you will only be spiting yourself!No season ticket for me next season I am afraid. Will see how things go during the summer and if there is any entertainment to be had.
Its a long way to travel to be bored and frustrated. After all these years it wears a bit thin.
Thanks - if this is correct then Avro is having a really good level of return on the loan to CCFC. This is way above the rate that a commercial loan would be charged. Therefore, given a 11% return per annum on their investment.....why would you sell?
Because no one will ever pay that rate of interest, it is more a figure for the books to artificially inflate the book debt.
They are probably only expecting 5% yield in the long run. Though there are probably easier ways of getting that, you can get that sort of rate from peer to peer at much lower risk these days.
Fuck sisu, you will only be spiting yourself!
Spiting myself !! Haha. Heard it all now.
Why pay £50 plus in diesel, leave home at noon and get back home at 7pm after travelling 225 miles just to be bored and frustrated.
I've being going "up the City" with my Dad and brother and then both my daughters for 50 years since my Dad first took me aged 6. Have had some great times but no longer fun for me. I am Skyblue through and through but have currently had enough. If you are at time in your life where you still enjoy and it suits your circumstances and family life, I am genuinely pleased for you. I will pick and choose which games I go to, which will depend on how much enjoyment I have. Let's hope I attend 40 games next year as will mean we are playing good attractive football and creating a great positive atmosphere.
If so, you will be adding more towards MR's playing budget than these cheapskate season ticket buyers..
Exactly, it is just expecting somebody to throw loads of money in then walk away when it doesn't work..
Spot onNever been a flirt.
Ok maybe not many on here but there are your RFC and AndreasB then there is that Jonathan Strange and Les Reid who believe Sisu have invested 60 million and deserve it back.
Then there are the ones who are scared to say what they actually think and just Diss off everything that goes on when it is against Sisu.
Any one can say I hate sisu trouble is some don't mean it.
Fuck sisu, you will only be spiting yourself!
Spiting myself !! Haha. Heard it all now.
Why pay £50 plus in diesel, leave home at noon and get back home at 7pm after travelling 225 miles just to be bored and frustrated.
I've being going "up the City" with my Dad and brother and then both my daughters for 50 years since my Dad first took me aged 6. Have had some great times but no longer fun for me. I am Skyblue through and through but have currently had enough. If you are at time in your life where you still enjoy and it suits your circumstances and family life, I am genuinely pleased for you. I will pick and choose which games I go to, which will depend on how much enjoyment I have. Let's hope I attend 40 games next year as will mean we are playing good attractive football and creating a great positive atmosphere.
So has anyone confirmed that a third bid has gone in yet? Facebook seems to think so, but I doubt the credibility of some
No, what I mean is that CCFC means more to you than them. I can understand just being fed up of not very good football but don't let SISU ruin it for you. There will be a CCFC before them and after them eventually.
I can understand if it isn't enjoyable, but hopefully it will become a bit better (fingers crossed).
It was a short post as I was on my phone, but I just think people should remember why they love CCFC and treat it as CCFC (see Wembley) and have the memories etc despite SISU and not because of them. (ie, if Robins works miracles this season then it is despite them).
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