Sisu' latest accounts

Discussion in 'Coventry City General Chat' started by Corrado, Jul 31, 2018.

  1. Nick

    Nick Administrator

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    I have already explained why it will be negative towards CCFC....

    I have also explained the issue with why it isn't always a good thing why getting people worked up about SISU before it can be proven. Others have also pointed this out to you.

    There is a massive benefit to everybody's attention being on SISU for some people though isn't there?
     
  2. NorthernWisdom

    NorthernWisdom Well-Known Member

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    The problem with this is it actually plays into SISU's hands, makes it easier for them to discredit things which *are* true, and enables them to put doubt in minds when very real criticisms can be raised at them.

    That's my issue.

    tbf, the whole premise of anti SISU for me has always been that nobody should be in football to make money from it as a business, as an investment - football is a social thing involving people, rather than something that can be discussed across polished boardroom tables where the movement of a decimal point on the stock exchange is paramount rather than the acts of people, and the people are reduced to commodities.

    tbf I'd think you can use their results being released as a hook to highlight they're the wrong type of owners for a club (any club)... but that's a distinction from that as opposed to what *is* reported, which allows SISU to spin the 'everyone's against us' line at time when everyone *should* be against them.

    Just my opinion, as they say ;)
     
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  3. Liquid Gold

    Liquid Gold Well-Known Member

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    If you don’t think people will use this as an excuse not to attend ccfc games then you’re even more blinkered than I imagined
     
  4. italiahorse

    italiahorse Well-Known Member

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    Am I not getting all the posts ?
    No one has explained why CCFC will get any negativity and from where.
    They have explained that the media has posted Sisu profits, told us they are CCFC owners and more than likely made some people think that they are taking money out the club, but that's it.
     
  5. Nick

    Nick Administrator

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    Maybe you are just indulging in some selective reading or acting a bit slow on purpose because you have no answer and want to distract from people pointing out the agendas...

    If not and you genuinely can't keep up with the discussions then why bother?
     
  6. Skybluefaz

    Skybluefaz Well-Known Member

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    Nick has clearly explained that it will engage the nopm brigade once more thus will have a detrimental effect on the club in terms of finance and support. It's not that hard to understand.
     
  7. capel & collindridge

    capel & collindridge Active Member

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    It's quite simple.
    If people think any money they spend supporting our team will go straight into Joy Seppala's pay packet, they are going to be less inclined to support our team.

    Footnote for absolute clarity: Not supporting CCFC = Negativity (that's bad) for CCFC
     
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  8. Captain Dart

    Captain Dart Well-Known Member

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    To be fair the whole organisation is intentionally opaque is it not?
     
  9. Grendel

    Grendel Well-Known Member

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    There is nothing not to like for anything that puts Wasps in a bad light either as they are a threat to the very existence of the football club....is there?
     
  10. italiahorse

    italiahorse Well-Known Member

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    No, your just wrong.
     
  11. Nick

    Nick Administrator

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    So why not prove me wrong? It's weird how you only want to reply to my posts.
     
  12. italiahorse

    italiahorse Well-Known Member

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    You know my stance on this'd although it's nothing to do with this thread I'll indulge you.
    I will never again put anything positive forward for Sisu but I will allow them to drop into the background while the club is going in the right direction.
    As for Wasps being a threat to CCFC I don't see that at all. In fact I see co-existance as the only way both will survive.
     
  13. Nick

    Nick Administrator

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    If you think it's nothing to do with the Thread, why did you try to bring Wasps into it in an earlier post? (FWIW: It isn't anything to do with the thread really is it but don't try and pull that one after you tried it yourself).

    Aren't you going to reply to the people who were replying with an explanation that you asked for about the actual topic? You have no actual interest in bothering.
     
  14. italiahorse

    italiahorse Well-Known Member

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    It's easy.
    There are no posts in this thread that give the reason why CCFC will be negatively effected by the reports on Sisu profits more than Sisu.
     
  15. Liquid Gold

    Liquid Gold Well-Known Member

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    [​IMG]
     
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  16. Nick

    Nick Administrator

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    There clearly are. Maybe re-read, people have taken the time to explain it in child terms for you but you are just showing you have no interest and just want to try to play the "thick" act which is wearing thin and is too obvious.
     
  17. stevefloyd

    stevefloyd Well-Known Member

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  18. Nick

    Nick Administrator

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    That's what he is hoping for...
     
  19. Sbarcher

    Sbarcher Well-Known Member

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    Roll on Saturday - we can give the players a shoeing instead of each other!
     
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  20. covmark

    covmark Well-Known Member

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    Fucking hell. Have you got every SBT poster on ignore apart from Nick? It's been explained multiple times you clown.

    Sent from my SM-G930F using Tapatalk
     
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  21. italiahorse

    italiahorse Well-Known Member

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    Nope read through again, just in case.
    The reports are not factually wrong and people are right in saying that one interpretation they could take is that Sisu are making money from CCFC.
    But I can't see where anybody reflects on it being more negative for CCFC than Sisu.
    Unless....... I see that you have commented on something about CCFC making money for Sisu might be one interpretation, also CD comments on TF using it as a deflection.
    Other than that I think we agree on it could wrongly influence what people think of the CCFC SISU financial relationship.
    We disagree on who it effects more.
     
  22. italiahorse

    italiahorse Well-Known Member

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    Okay, What has been explained.?
     
  23. Nick

    Nick Administrator

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    I have told you why the tweets and what the news outlets said were factually wrong and why.....

    Again, it's factually wrong and misleading when they say:

    Why does it mean quids in for Coventry City because their owners made a profit? It doesn't. It is factually wrong that CCFC would be quids in because their owners made a profit.

    Again, SISU's accounts aren't that much of an indicator so it is factually wrong. It uses the word IS rather than "could be".

    You don't make any points, you keep trying to tell people they are wrong without actually explaining how and you only do it on certain threads where you seem to go all in.

    What's the game?
     
  24. covmark

    covmark Well-Known Member

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    Look at posts 76 and 77 it's explained clearly why it will be detrimental to CCFC.


    Sent from my SM-G930F using Tapatalk
     
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  25. italiahorse

    italiahorse Well-Known Member

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    They came after I asked the question and I missed them in the crossfire.
    I don't read tweets so I'm looking at the news outlets only on here.
    I think NOPM is a falicy. It's just an excuse not to go. It's obsolete while the team is doing well.
    Similar sort of argument where NOPM have no facts on SISU/CCFC finance relationship so they are arguing with no facts.
     
  26. Nick

    Nick Administrator

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    You said you had read through again...

    Why do you keep making things up?

    You are now openly saying you only read on here and "news outlets". Maybe listen to the multiple others who read a bit more then and are explaining it to you?
     
  27. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    Wasn't going to say more but...

    What annoys me is that they don't actually think about what they are reporting. Sisu group reported income 3.9m paid out just over 1m in costs and made 2.86m profits. Yet somewhere in that they paid nearly 3m to directors..... how??? Amounts paid to directors are cost to the business

    The figures for sisu partners Ltd are consolidated in to the group accounts which means anything for the directors is too. The profit allocation is simple moving monies from one part of the group to another. It has to be reported because technically the sisu partners is a separate entity but it is a plus in one part of the group and a negative in another. Their profit allocation is made up of the 888k from sisu capital plus profits from other operations but because sisu partners is controlled by sisu capital the full amount is reported in sisu capital accounts. In this case to see what has gone on looked at the sheets marked consolidated.

    Drawings are not an addition to profits but a paying out of profits available. The CT have effectively double counted.

    The arvo charge is a charge by a fund managed by sisu. It operates in much the same way as a bank debenture on a loan or overdraft for a business. It does not mean the bank or arvo dip in to the trading business as they feel fit, like draw off transfer fees etc, it is there to make sure they get their money back if things go wrong. Could they demand repayment yes. Could otium repay part yes. Could repayment help yes because less debt and less annual interest.

    Sisu take an agreed amount in profit share or service charges. That's part of the total.... if they took 100% what would be left for next year? The investment would be dead.

    Transfer dealings are disclosed in the otium accounts. The only entity that can buy or sell players is otium. Arvo could draw down it's capital or interest. So far no evidence it has. The only way that sbsl can draw down anything is by dividend .... it would presently be illegal to do so. Sisu capital international is owed 700k I believe so they could draw from that. Sisu capital itself could charge the funds that have invested fees, it could charge administration fees to otium but there is no evidence it has.

    What sisu capital cannot do is simply just pocket funds because it is a fundamental accounting rule that for every credit there is a corresponding and equal debit. Income in sisu capital would show up as cost in otium.

    What is being said in clearly ill informed at best comment as others have said greatly detracts and hinders any challenge to what is really going on
     
  28. italiahorse

    italiahorse Well-Known Member

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    They came through after you made the quote there were loads of people.
    You are arguing about nothing.
    Whats your agenda? It seems more about stopping any negative effect on Sisu to me as I can't see how it 'really' effects CCFC in any manner.
    The turn out at Wembley shows that the team gets supported when it's doing well and that's all that has an effect on attendance.
     
  29. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    That's it I am going back to the beach and switching my phone off...... Not letting sisu and the ill informed reports spoil my holiday :happy::emoji_beers::emoji_sunrise:
     
  30. Nick

    Nick Administrator

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    What are you on about? Read through the thread again, look at the order of the posts...

    This isn't a negative effect on SISU. You have been told how it effects CCFC. You have also been told how it actually gives SISU an easier ride.

    If you are too thick to understand it then stop trying to argue and making threads go on like they do.
     
  31. italiahorse

    italiahorse Well-Known Member

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    The reasons that were inferred earlier and now have later been pointed out are chicken sh1t. No wonder I missed them.
    Calling people thick because they don't agree with your opinion is in itself crass.

    ADVICE : If you stop commenting the threads would be a lot shorter.
     
  32. Nick

    Nick Administrator

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    No, I am calling you thick because you are about 4 steps behind everybody else on the thread. Either that or you are just sat with your fingers in your ears because you have made yourself look silly again.

    Advice : Enjoy the Wasps Forum, you clearly have no intention of actually participating in discussions logically or constructively. Let them deal with your shite.
     
  33. IrishSkyBlue

    IrishSkyBlue Facebook User

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    As soon as i saw this thread first thing popped into my head was CT trying be the sun and spin a load BS stir NOPM brigade and kick it all off again, its been explained so many times sisus accounts can be separate from ccfc just CT stirring crap and the donkeys on FB who haven't a clue will kick off and lap it up.
     
  34. fernandopartridge

    fernandopartridge Well-Known Member

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    What's worse is that former Chief Reporter at the CT is now demonstrating a similar level of ignorance over at the once respected BBC....

     
  35. Skyblueweeman

    Skyblueweeman Well-Known Member

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    ADVICE: If you (and others) stopped the love in with Wasps, their tenure here could be a lot shorter.
     
    Last edited: Aug 2, 2018

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