This is a very thorough investigation into SISU's financial management of the club. It highlights what a bunch of charlatans we have as owners.
http://aprisonofmeasuredtime.wordpress.com/
I know nothing abut the writer, but isn't this exactly the kind of thing the useless hacks at the CET should be doing?
Put aside the anti SISU hatred for 10 minutes and read this with an open mind.
They've not done everything well but they've clearly put a hell of a lot of money into sustaining a Football Club. If they didn't keep putting money in can you imagine the team we would have had playing for us?
Put aside the anti SISU hatred for 10 minutes and read this with an open mind.
They've not done everything well but they've clearly put a hell of a lot of money into sustaining a Football Club. If they didn't keep putting money in can you imagine the team we would have had playing for us?
If it is an organisation to help disadvantaged children- why are they still holding onto their share in a football stadum?
The club is losing money-m we all know this regardless of your stance on ACL/SISU etc. Who supports these losses- the owners for past 5 years or so. So katzenjammer is right- they are no angels but we still have a club to support and a decent enough team on the pitch
If it is an organisation to help disadvantaged children- why are they still holding onto their share in a football stadum?
The club is losing money-m we all know this regardless of your stance on ACL/SISU etc. Who supports these losses- the owners for past 5 years or so. So katzenjammer is right- they are no angels but we still have a club to support and a decent enough team on the pitch
If it is an organisation to help disadvantaged children- why are they still holding onto their share in a football stadum?
The club is losing money-m we all know this regardless of your stance on ACL/SISU etc. Who supports these losses- the owners for past 5 years or so. So katzenjammer is right- they are no angels but we still have a club to support and a decent enough team on the pitch
<br />Katzenjammer I don't think you have read the article thoroughly. They have not put anywhere near as much money in as they have claimed. For me, it's not about the team, it's about honesty, integrity and a realistic business plan. This article implies they have none of the above. Just stop and think about this for a second:<br />
<br />
"ACL is a joint venture between Coventry City Council and The Alan Edward Higgs Charity an organisation set up to help disadvantaged children in the City... It has been suggested that the withholding of monies that was contractually agreed and due was an attempt to restrict the cash flow into ACL, in the hope that the company would be placed into administration and then SISU, as sitting tenant, would acquire the stadium well below market value. "<br />
<br />
And now let me summarise: it has been suggested that they are deliberately trying to take financial advantage of a charity set up the help disadvantaged children.
Long way to go yet this might be a highpoint:facepalm:Decent team on the pitch? Middle table in league 1. Is that how far we've fallen
<br />Katzenjammer I don't think you have read the article thoroughly. They have not put anywhere near as much money in as they have claimed. For me, it's not about the team, it's about honesty, integrity and a realistic business plan. This article implies they have none of the above. Just stop and think about this for a second:<br />
<br />
"ACL is a joint venture between Coventry City Council and The Alan Edward Higgs Charity an organisation set up to help disadvantaged children in the City... It has been suggested that the withholding of monies that was contractually agreed and due was an attempt to restrict the cash flow into ACL, in the hope that the company would be placed into administration and then SISU, as sitting tenant, would acquire the stadium well below market value. "<br />
<br />
And now let me summarise: it has been suggested that they are deliberately trying to take financial advantage of a charity set up to help disadvantaged children.
This is a very thorough investigation into SISU's financial management of the club. It highlights what a bunch of charlatans we have as owners.
http://aprisonofmeasuredtime.wordpress.com/
I know nothing abut the writer, but isn't this exactly the kind of thing the useless hacks at the CET should be doing?
Long way to go yet this might be a highpoint:facepalm:
If it is an organisation to help disadvantaged children- why are they still holding onto their share in a football stadum?
Its good its got mention in here though as people rarely notice the other section.The writer is SkyBlueSquirrel from this forum and he posted a link to it on the finance board 2 days ago.
Maybe I should clarify then. 'Decent enough' i.e. if we didnt have 10 points deducted, 2 strikers out injured, our main left back and our centre half out for most of the back end of the season- then we may well have been in the play offs. We shouldnt forget the good games this season- in fact right now we should cling on to them!
'Decent enough' is relative, especially in these days of Financial fair play. We have no revenue, so we cant spend loads of dosh on players. Of course, I would love us to be in the premier league- but we are where we are. Of course i dont think being mid table league one is good enough, but we are where we are- and we have a team to support and we should do that
Its good its got mention in here though as people rarely notice the other section.
1 How is this relevant? The question is SISU's behaviour, not AE Higgs.
2 Maybe they see it as an investment in property that will provide relatively low risk high returns to optimise the use of their capital
3 Why are you trying the cloud the issue?
The writer is SkyBlueSquirrel from this forum and he posted a link to it on the finance board 2 days ago.
Its good its got mention in here though as people rarely notice the other section.
Put aside the anti SISU hatred for 10 minutes and read this with an open mind.
They've not done everything well but they've clearly put a hell of a lot of money into sustaining a Football Club. If they didn't keep putting money in can you imagine the team we would have had playing for us?
Ah your joking right? You MUST be, nobody, not even some of the deluded on here are that dumb!
Not specifically directed at YOU.
Why cannot people realise that some posters are absolutely "anti-SISU"...some are not "anti-SISU" but not "pro-SISU" (ie probably don't care who the owners are)...but most of us are somewhere very near to the middle of those extremes.
Not specifically directed at YOU.
Why cannot people realise that some posters are absolutely "anti-SISU"...some are not "anti-SISU" but not "pro-SISU" (ie probably don't care who the owners are)...but most of us are somewhere very near to the middle of those extremes.
This is a very thorough investigation into SISU's financial management of the club. It highlights what a bunch of charlatans we have as owners.
http://aprisonofmeasuredtime.wordpress.com/
I know nothing abut the writer, but isn't this exactly the kind of thing the useless hacks at the CET should be doing?
Cannot wait for the judge to laugh off sisu's whinge out of hand
SISU OUT
Hmmm. Unfortunately I think they may have a point there. Morally their case is flawed, but legally they seldom lose.
If it is true, as has been claimed, that they are deliberately setting out to kill ACL and pick up the land for a song, then they will have obtained a valuable asset for the price of a few million supporting the club. If it is true that they are charging 25% interest on loans to the club, then it is to an extent SISU that is causing the financial difficulties at the club. So, in my opinion this is morally wrong.
But local councils should not be using tax-payers' money to interfere with the economics of private companies - I agree with them on that point alone.
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