Sisu will sell (1 Viewer)

[ESB]

So if I sum up this last few posts we need to figure out SISU's debt to calculate a sale price??

Hmmm, curious?

What about value the club by looking at its net assets, old fashion I know and it'll be contoversial around here. Using this alternate method we'd get:

Value of ground freehold or tenancy agreements
Value of other land / premises freeholds / tenancy agreements (training ground, retail out lets etc.)
Value of playing squad
Revenue from future projected ticket sales
Revenue from merchandise
Revenue from sponsorship of shirts
Revenue from sponsorship of stadium
Oh yes and revenue from food and beverage sales (really important that one)

All in not much (great focus on the primary business goals)

Then you need to deduct fixed expenses
Player & staff wages
Rental of facilities training or playing
Membership fees etc.
Insurances and utility payments
Community development investments

If i quickly it all add up on all my fingers and toes, i seem to get a bit more in the outgoings. So we're in a really good place value wise. I'd reckon £2.50 and a bag of chips would be considered a good offer at this time.

If someone came to me with this as an investment opportunity, i'd piss myself laughing and ask them to kindly leave.

The market will pay the market value and thats currently less than zero. One positive our debts are not widely spread, so apart from ACL and HMRC, they're mainly with SISU and no ones going to bail them out.

SISU are in the business of extracting value by blackmail, it apears they've been thwarted on the Ricoh, so they're nowblackmailing us the fans.

So i ask the question fool me once, more fool me, fool me twice shame on you. The attitude that SISU will now start acting appropriately doesn't sit well with me. There seem to be a few on here who believe the c&#t who's been kicking sh|t out of them will suddenly turn back into the charming guy they first met at the nite club?

 

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[jesus-wept]

Like your post ESB. But Sepalla saying she would sell is a chink of light in a long dark tunnel for me, but how long that tunnel is is anyones guess.

 

[mrtrench]

So if I sum up this last few posts we need to figure out SISU's debt to calculate a sale price??

Hmmm, curious?

What about value the club by looking at its net assets, old fashion I know and it'll be contoversial around here. Using this alternate method we'd get:

Value of ground freehold or tenancy agreements
Value of other land / premises freeholds / tenancy agreements (training ground, retail out lets etc.)
Value of playing squad
Revenue from future projected ticket sales
Revenue from merchandise
Revenue from sponsorship of shirts
Revenue from sponsorship of stadium
Oh yes and revenue from food and beverage sales (really important that one)

All in not much (great focus on the primary business goals)

Then you need to deduct fixed expenses
Player & staff wages
Rental of facilities training or playing
Membership fees etc.
Insurances and utility payments
Community development investments

If i quickly it all add up on all my fingers and toes, i seem to get a bit more in the outgoings. So we're in a really good place value wise. I'd reckon £2.50 and a bag of chips would be considered a good offer at this time.

If someone came to me with this as an investment opportunity, i'd piss myself laughing and ask them to kindly leave.

The market will pay the market value and thats currently less than zero. One positive our debts are not widely spread, so apart from ACL and HMRC, they're mainly with SISU and no ones going to bail them out.

SISU are in the business of extracting value by blackmail, it apears they've been thwarted on the Ricoh, so they're nowblackmailing us the fans.

So i ask the question fool me once, more fool me, fool me twice shame on you. The attitude that SISU will now start acting appropriately doesn't sit well with me. There seem to be a few on here who believe the c&#t who's been kicking sh|t out of them will suddenly turn back into the charming guy they first met at the nite club?

Completely agree with this, SISU is hanging on and trying anything it can to extract some value. However I think that by moving to N'ton they have shot themselves in the foot. I cannot see crowds there exceeding 3k all season, except possibly for an exciting cup draw. Hence they have given themselves no chance of breaking even - the slow but steady drip of losses back to their investors will at some time break the camel's back and they will be forced to concede.

I cannot see that the new stadium idea is going anywhere either, from an RoI perspective. It's one thing to nick the Ricoh for cheap with a 10% yield, arbing ACL along the way. It's quite another to buy the land and build it yourself: you're funding it for three years with no income, and I cannot imagine the yield will be that spectacular after they have done. Let's face it, what they are suggesting now is that they are serious about running the club as a proper business - footy clubs aren't know as great cash cows are they? At least not for anyone other than the players and their agents. Joy knows this - so this can only be emotional blackmail - hopefully the last grasp at the reed before they go under.

 

[covboy1987]

Think haskell wil buy Sisu after first completing the deal on half the stadium - his deal will be so good with higgs and the council that it will allow £30 million to pay Sisu off - a front so the council are not involved

 

[RegTheDonk]

......
So i ask the question fool me once, more fool me, fool me twice shame on you. The attitude that SISU will now start acting appropriately doesn't sit well with me. There seem to be a few on here who believe the c&#t who's been kicking sh|t out of them will suddenly turn back into the charming guy they first met at the nite club?

Well said and its not just Fisher (who coincidentally was trying to chat to the fans last week) - auntie Joy doing her best and has seemed to have turned the MPs head.

I'd love to see these pair in Big Brother or some kind of show where everyone sees their true colours.

 

[mrtrench]

Think haskell wil buy Sisu after first completing the deal on half the stadium - his deal will be so good with higgs and the council that it will allow £30 million to pay Sisu off - a front so the council are not involved

Why would he do that? If he's that stupid he won't be a millionaire for much longer.

 

[DazzleTommyDazzle]

Think haskell wil buy Sisu after first completing the deal on half the stadium - his deal will be so good with higgs and the council that it will allow £30 million to pay Sisu off - a front so the council are not involved

I think that ESB's "£2.50 and a bag of chips" is probably a more realistic valuation of the business.

Perhaps even a little generous, I'd have gone for £2.50 or a bag of chips!

 

[Grendel]

I think that ESB's "£2.50 and a bag of chips" is probably a more realistic valuation of the business.

Perhaps even a little generous, I'd have gone for £2.50 or a bag of chips!

Still £1.50 too much for Hoffman.

 

[DazzleTommyDazzle]

Still £1.50 too much for Hoffman.

Shows he has a good sense of value then

 

[SkyBlueBlood]

Hopefully her "right price" will be similar to her "right price" when selling players, so anything will do so long as the fee can be undisclosed.

 

[valiant15]

The scavengers cant expect any money for the club its worthless. It amazes that this lot paid nothing for it but they expect something in return for it. Bloody lazy pen pushing reptiles.

 

[stupot07]

Didn't the Cassidys pay a large amount of it off? I'm sure they paid the 400k for Borrowdale (great deal that was) and for some of the Best deal.

Not sure CJ, I seem to remember Ranson mentioning it once or twice. I could be wrong.

 

[thaiskyblue]

The scavengers cant expect any money for the club its worthless. It amazes that this lot paid nothing for it but they expect something in return for it. Bloody lazy pen pushing reptiles.

this is shitsu absolute leeches.

 

[dongonzalos]

He said the club is at the lowest ebb of its business cycle so it is not a good moment to sell it.
Their intention has always been to sell it.

 

[ohitsaidwalker king power]

The scavengers cant expect any money for the club its worthless. It amazes that this lot paid nothing for it but they expect something in return for it. Bloody lazy pen pushing reptiles.

Correction if I may?... Parasites.

 

[ESB]

He said the club is at the lowest ebb of its business cycle so it is not a good moment to sell it.
Their intention has always been to sell it.

Reminds me of a couple urban myth quotes made about someone in their annual appraisal

"just when you think they've dug themselves into a hole, they continually surprise me by somehow managing to dig themselves in some more"
&
"the only time he takes his foot out of his mouth is to put the other one in "

Both are fitting for Mr Fisher.

 

[dadgad]

Reading this thread you just realise how utterly dreadful Sisu's tenure has been and how desperate they are for a different spin on events.
Their PR has been awful - it gets worse. A meeting with an MEP is the best thing they can do in an attempt to rewrite history.

Sisu - for pity's sake - just fuck off

 

[The Prefect]

How so? Otium Sport And Leisure Ltd shouldn't have many debts. They've only been trading fur about three weeks.

The £60m debt of CCFC Ltd will (should?) disappear when that company is liquidated.

The debt owed by CCFC Ltd was structured through multiple companies. Layered so to speak so if one company goes into administration the debt remains owed by others in the group. The simple way to explain this would be as follows:-

Hedge Fund A need to supply funds to their Football Club called Coventry SkyBlues FC. To do this they lend money to SkyBlues Sporting Ltd (Company A). SkyBlues Sporting Ltd then lends the same money to Odius Entertainment Ltd (Company B) who then lent the same money to Coventry Skyblues Ltd. During a very bad year Coventry SkyBlues Ltd go bust and end up being liquidated.

Hedge Fund A are very lucky because they didn't lend their money to Coventry Skyblues Ltd but to SkyBlues Sporting Ltd so they're fine. Their debt is still in place as the money was lost further down the 'layers'. When the administrator sells Coventry Skyblues Ltd's assets, Hedge Fund A allows debts owed by Coventry Skyblues Ltd to Odius Entertainment to be written off - safe in the knowledge that the same debt is owed by other companies in the group and their money is safe...

If you think CCFC's debts are gone. THINK AGAIN...