No major debt??? We owe SISU and their investors(Acording to SISU) a bare minimum of £30m+ and you say "No major debt"There have been a lot of posts in the past few days about finance, no money in the club and related issues. The past 24 hours I've talked this to death on various posts, but I wanted to make a point clear.
The club's current situation is one of stability. Mediocrity, maybe, but financial stability is the vital part of this right now. In recent history we have been almost without a club entirely. Had administration, almost liquidation, points deductions etc.
Let me clarify, SISU is not making the club any better, we desperately need investment and an end to the legal farce. BUT we have a club which is stable and working within its means. That means we have a foundation to build upon if we can make progress happen.
Yes its a bit shit at the moment, struggling for on-field quality, low gates etc. But it could be a hell of a lot worse, indeed it has been in recent years. We almost managed a play-off push last season (first positive season for a long time) and are not in major debt. SISU dont have money to burn into the squad, but we are full stable and have a platform to maybe bring in investment in the future when the off-field battle eventually subside.
In reality, we cannot expect any financial input until all that settles. So staying out of major debt is critical to keeping the club alive short term.
Not a problem with living within your means, why should anyone be expected to put their own money into a bottomless pit of a football club and lose it. However we are not stable. We have no where to play after 2018 and have no site for an academy after 2017. While I have no problem with Sisu running the club as a business why aren't they doing everything that they can to ensure we continue to play in Coventry and that the academy continues to flourish. Their agenda seems to be to hold on to the club while their legal action runs its course. The club should be their priority. To me it seems they are more concerned about their court cases.
Within the means that they have, why aren't they doing everything that they can to make the club more profitable? Outsourcing the shop and the programmes just seems like a move to lessen risk but also lessen the profits. Why don't they sort out the mess with tickets so that potential supporters are not turned away. Why don't they sort out the web site (which still has this seasons league games underneath last season's friend list in the fixture list). Everything seems amateurish and lacking in care.
A problem is that people see Transfer Deadline day and Man City buying all these players but I don't think a lot of people grasp about how things are in League 1.
I have said to a few people that it is how league 1 works, and all they can say is "we shouldn't be in league 1".
Even if SISU did plough loads of money in, what happens then if it doesn't work? It wouldn't be a gift to the club would it?
The club effectively "owing" the owners money is different. Its not with creditors who are demanding the repayments, which leads towards problems like administration etc.No major debt??? We owe SISU and their investors(Acording to SISU) a bare minimum of £30m+ and you say "No major debt"
I don't think anyone is trying to compare us to Man City Nick and let's face it they don't need to to make our situation look dire. If you want to do that there's plenty of league one clubs to compare us to to make that point.
The club effectively "owing" the owners money is different. Its not with creditors who are demanding the repayments, which leads towards problems like administration etc.
Do you mean our debt to SISU isn't really a debt?..... and problems like administration etc the like of which SISU have already led us down the path of, and cost us 10 points deductions and mismanaged our Football Club to the point of 1 relegation, and being 20 minutes from a second relegation..... Pray, do tell us more
There have been a lot of posts in the past few days about finance, no money in the club and related issues. The past 24 hours I've talked this to death on various posts, but I wanted to make a point clear.
The club's current situation is one of stability. Mediocrity, maybe, but financial stability is the vital part of this right now. In recent history we have been almost without a club entirely. Had administration, almost liquidation, points deductions etc.
Let me clarify, SISU is not making the club any better, we desperately need investment and an end to the legal farce. BUT we have a club which is stable and working within its means. That means we have a foundation to build upon if we can make progress happen.
Yes its a bit shit at the moment, struggling for on-field quality, low gates etc. But it could be a hell of a lot worse, indeed it has been in recent years. We almost managed a play-off push last season (first positive season for a long time) and are not in major debt. SISU dont have money to burn into the squad, but we are full stable and have a platform to maybe bring in investment in the future when the off-field battle eventually subside.
In reality, we cannot expect any financial input until all that settles. So staying out of major debt is critical to keeping the club alive short term.
So that is acceptable is it?... You know as well as everybody that SISU "Engineered the administration" They knew exactly what they were doing. Or was it all that nasty ACL/CCC people's fault. Grow a pair Nick ffs. Stop deflecting blame off SISU. Yet you moan when being accused of being a SISU apologist. Give your head a wobble ffs!You do realise they went into admin because ACL forced it? SISU just got in there so they could do it themselves didn't they?
So that is acceptable is it?... You know as well as everybody that SISU "Engineered the administration" They knew exactly what they were doing. Or was it all that nasty ACL/CCC people's fault. Grow a pair Nick ffs. Stop deflecting blame off SISU. Yet you moan when being accused of being a SISU apologist. Give your head a wobble ffs!
Do you mean our debt to SISU isn't really a debt?..... and problems like administration etc the like of which SISU have already led us down the path of, and cost us 10 points deductions and mismanaged our Football Club to the point of 1 relegation, and being 20 minutes from a second relegation..... Pray, do tell us more
You're supposed to be intelligent. Use your f**king brains man!I didn't deflect the blame, I pointed out that ACL were going to force the admin so SISU did it first.
That is a fact isn't it?
So that is acceptable is it?... You know as well as everybody that SISU "Engineered the administration" They knew exactly what they were doing. Or was it all that nasty ACL/CCC people's fault. Grow a pair Nick ffs. Stop deflecting blame off SISU. Yet you moan when being accused of being a SISU apologist. Give your head a wobble ffs!
You're supposed to be intelligent. Use your f**king brains man!
If you own a business you have your business which has its own accounts, and you have your own personal current accounts. Right?Hold your f**king horses right there mate... The clever arses on here are bursting blood vessels saying CCFC and SISU are NOT the same.
Yet they admit SISU want their money back from CCFC... Pray tell... How will they do that then
I think you are the one missing the point. SISU knew what they were going to do from the very second they "Witheld rent payments over 12 months in advance"... but they fell foul when they took on the British Legal System.I think you are missing the point, I stated a fact...
Sheffield United?
Bolton?
And probably at least 50% of the clubs in-between.
The point being I don't understand why you're trying to make out people are comparing CCFC against MCFC or any premier league club for that reason because A) that simply isn't happening and B) nobody needs to, you only have to look at our immediate competition to see how dire our situation is.
You do realise they went into admin because ACL forced it? SISU just got in there so they could do it themselves didn't they?
Errr you haven't answered my question.If you own a business you have your business which has its own accounts, and you have your own personal current accounts. Right?
If you decide, for whatever reason, to put money into your business account from your personal, thats your own risk, you now effectively owe yourself money.
Your business then loses money, the money you put into it is gone, tough shit, its gone.
Unless I've got this completely the wrong way around, SISU saying the club owes it money is like me giving my hypothetical son a fiver as pocket money, and then crying that I cant have it back once hes spent it.
I think the reason that has come up, is there have been a lot of calls from people on SBT recently for money to be dumped into the team to buy players and bring in better loanees. Then when told that said money doesn't exist haven't got the point. It's all well and good asking for investment, but SISU don't have it and its not coming from the trees. Thats where this came from its now exploded into a big SISU drama.And probably at least 50% of the clubs in-between.
The point being I don't understand why you're trying to make out people are comparing CCFC against MCFC or any premier league club for that reason because A) that simply isn't happening and B) nobody needs to, you only have to look at our immediate competition to see how dire our situation is.
Yes I have. They are saying they want their money back. Either they dont get it back (the tough shit part) or they make profits over numerous years which in reality they are entitled to.Errr you haven't answered my question.
I'm sure you're suffer from selective blindness. Nobody in their right mind will buy into something that they know might be s**t. Just like my car that you have had a "J Arthur" every night over the last 10 years(OK I give up. I will tell you it's a pile of s**t... Do you still want to buy it?)How many League 1 clubs have their owners pumping loads of money in?
My point was people are shouting about investing, put loads of money in etc. The club spending money it didn't have probably got us into this mess.
Meanwhile, people proudly shout NOPM to starve SISU out, and then bitch about investment.
I think the reason that has come up, is there have been a lot of calls from people on SBT recently for money to be dumped into the team to buy players and bring in better loanees. Then when told that said money doesn't exist haven't got the point. It's all well and good asking for investment, but SISU don't have it and its not coming from the trees. Thats where this came from its now exploded into a big SISU drama.
What OSB58 said.Yes I have. They are saying they want their money back. Either they dont get it back (the tough shit part) or they make profits over numerous years which in reality they are entitled to.
If a company they own loses money they put into it, there's fuck all they can do except make it back.
On the other hand, if they had borrowed £20m from the bank and the bank want it back, thats where the issue would be.
I'm sure you're suffer from selective blindness. Nobody in their right mind will buy into something that they know might be s**t. Just like my car that you have had a "J Arthur" every night over the last 10 years(OK I give up. I will tell you it's a pile of s**t... Do you still want to buy it?)
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