Sisu Capital Accounts. (1 Viewer)
- Thread starter honestken
- Start date
ccfc92
Well-Known Member
cant really read them, in summary, anything interesting?
Danceswithhorses
Well-Known Member
Joy's address !
deanocity3
New Member
Bennets Afro
Well-Known Member
Behind on when they pay people. There's a suprise
It's just an Experian report that says they don't have the money to support CCFC let alone build a new stadium.
georgehudson
Well-Known Member
i trust Mr Appleton is aware of this ?
Brighton Sky Blue
Well-Known Member
The money doesn't come direct from SISU Ltd but its 5 equity funds.
I'm not so sure the recent funding through Arvo is totally SISU generated,Do they still physically own us?
Broken Hearted Sky Blue
Well-Known Member
If they dont they should have informed the FL
Bluegloucester
New Member
You may have something there....
georgehudson
Well-Known Member
& as such, the FA should be able to qualify them as fit & proper owners
SkyBlueUkeman
New Member
I think these show pretty much conclusively that Tim Fisher's harping about how Sisu have invested 'Over £40million' into Coventry City.
FROM WHERE EXACTLY.
FROM WHERE EXACTLY.
Bluegloucester
New Member
The money comes from the funds, this is the management company.
SkyBlueUkeman
New Member
But you've go to think, A company that only just breaks even can somehow just plunder £40million into what themselves see as a huge black hole? What absolute mental would do that? Answer: no-one.
I understand the whole Investors/ hedge fund buisness, which is why its such a sticky situation to get out of, and why mr Tim Fisher is being such a prick (well, despite simply being a prick). He can't say that the club is up for sale because he needs the get-go from the investors and others at Sisu to do that. But rather than saying that, he says 'The club is not for sale' because he is loving the sort-of power he has at the moment.
Do you know ,thats possibly because he does have the power.
SkyBlueUkeman
New Member
He really doesn't. He has the control of one half of a crippled company/club. He's a lackey.
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There is only one fund with any money, the hedge fund. Managing this is where SISU's (dwindling) income comes from.
The other funds were created as vehicles for the original investors to fund the CCFC takeover. I would imagine most of this original investment was drawn down at the time and there may have been a call on the investors for further funds a couple of years later. I doubt if there is any money left in these funds and would be surprised if the original investors could be persuaded to throw any more money away.
Bluegloucester
New Member
You are very well informed RPH
Hobo
Well-Known Member
Dwindling investment? Joy insisting they want all there money back! People want to invest but not via Sisu. Their only stratergy is a three year plan to build their own stadium dreamt up about a month ago, which requires loads of investment they haven't got? No public appearances for Joy, is she having a breakdown?
They are stuffed and if we stay with them so are we!
They are stuffed and if we stay with them so are we!
J
Jack Griffin
Guest
3 years, won't happen. Normal gestation time for a new stadium from announcement to completion is 10 to 15 years, and that is when the stakeholders support the project.
Samo
Well-Known Member
This is what amazes me! Why on earth should they feel any entitlement to thier money back? They lost it! You back the wrong horse, you invest unwisely, you lose. Tough shit, that's life. Try going back into the bookies and saying 'actually that was a mistake, can I have my money back?' Take some responsibility you loathsome bastards.
I'm surprised how little some people understand about the business world. It is a management company - of course it only just breaks even, that is surely the idea.
My company just about breaks even every year (on purpose).
Hobo
Well-Known Member
I know it won't happen, as I've said before the stadium is Sisu rhetoric to buy time, so they can hang on in there. They have to have a plan, 1 to justify not paying rent, 2 to convince football league they can move forward. The reality is this was all dreamed up a month ago once everyone else started putting the pressure on. When Timmy announced it, he hadn't even looked at the Coventry Evening Telegraph Property guide. SISU just roll with the punches and think on their feet, that's why there are so many contradictions, full of bluster and bullshit, playing the market at our clubs expense.
