SISU's investment (1 Viewer)

Can anyone explain the following...as claimed by some, including Andy 'SCOOP' Turner last week.

SISU have pumped in £30-£40m into CCFC.

Their assets are less than £1m.

How have they pumped in so much money?

Have they simply added more debt to the debt they inherited in December 2007?

If it is the latter statement, then can folk please stop using the words 'SISU' and 'investment' in the same sentence, please....:thinking about:

Lord_Nampil said:

Wages??? Scarry to think Freddy Eastwood cost roughly 4 million in total 10% of there 40 million investment?? Also I'm guessing roughly 5 million in rent?? I'm only guessing but it seems they wasted the investment on players wages and the rent! Instead of going for bricks and morter! Remember very clearly ranson saying he wanted to move the training ground nearer to the ground, but needed to spend half a million to bring Ryton up to scratch! Things they should have done!!!!

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That has been done from money raised in the last 4 and a half years/borrowed on future monies (i.e season ticket sales).

Where has the £30-£40m been invested as some claim????

I'll give you a week to find the answer (that's a good way to spend a week of your life....:facepalm.

WillieStanley said:

I could be wrong, but I think the investment hasn't come from SISU themselves. They have merely managed those investments. They have a string of investors who remain nameless which is where the money comes from.

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Oh, these are our saviours....are you really telling me that savvy private investors, which is what folk with that kind of wonga will/should be, have given SISU £30-£40m to invest since December 2007, only to be told the state the club is now by Joy and the Boys...and what this means for their £30-£40m investment??? Smell the coffee, mate....there has been no 'investment'...they have spent what has been raised, borrowed more from the bank (as they stated at the start of the season when they said that they had 'financial reassurances from SISU and the bank')...when these people go, we will find that the debt has simply been added to......

Another reason why the Hoffman deal is no nearer to completion....which investor in their right mind is going to take on such a debt...SISU did in December 2007, as a gamble...and it hasn't paid off, they lost....end of.

That is the severity of the situation....only someone with money to burn with little/no expected return is going to take us over...and relegation to L1 means that there are at least 50 clubs in England which could be a better investment.

Only a Man City/Chelsea ownership situation will save the club. I see no other way......:thinking about:

Nampli, the debt has grown (nearly doubled) according to the last accounts since they took over.

So, when/if we get the next accounts, and the debt is nearer £50m, unless they have spread it amongst several companies....I'd like someone to tell me where this 'investment' went....?

No accounts filed, trying to buy the Ricoh through 'heavy-handed tactics', trying to hide the mess made of CCFC prior to any purchase....anyone else see what SISU are doing here?????