The low down on ARVO (1 Viewer)

Jack Griffin · Apr 7, 2015

Here is a new blog with some interesting ARVO & SISU facts, https://theoldfive.wordpress.com/

Is this the blog PSB tweeted about a few days back? I don't know, but it is worth a read.

Astute · Apr 7, 2015

So SISU have not put a penny in since 2011/2012, but Joy said September 2013 that they had put millions in during the past year :thinking about:

Jack Griffin · Apr 7, 2015

Astute said:
So SISU have not put a penny in since 2011/2012, but Joy said September 2013 that they had put millions in during the past year :thinking about:

Wasn't she talking about ARVO. Different fund. ARVO have put money in in the last few years.

Nick · Apr 7, 2015

Can anybody translate / simplify?

Astute · Apr 7, 2015

Jack Griffin said:
Wasn't she talking about ARVO. Different fund.

The SISU Capital Limited Hedge Fund investors are owed £28.5m according to the 2014 accounts. Those investors have not invested any money in CCFC since 2011/2012. There has been speculation previously that some of those investors are linked to American universities and their prospective pension funds.

And then

“The club is not for sale. In the past year alone we have put millions into the club and committed £60 million over time. We have not taken a penny out of the club. I want return on my investment”.

torchomatic · Apr 7, 2015

Be careful, Jack. The Gentleman will be after you for posting links like this.

Jack Griffin · Apr 7, 2015

Nick said:
Can anybody translate / simplify?

If you can't comprehend it then don't trouble yourself with all that pesky detail.

Astute · Apr 7, 2015

Nick said:
Can anybody translate / simplify?

Usual day at CCFC. Look at the evidence and try to make out what the truth is :thinking about:

Nick · Apr 7, 2015

Jack Griffin said:
If you can't comprehend it then don't trouble yourself with all that pesky detail.

Ah shit yeah, forgot this was an accountants forum rather than one for footy fans.

Was just hoping somebody like OSB could explain what it all means for the people who just know about football.

Astute · Apr 7, 2015

Nick said:
Ah shit yeah, forgot this was an accountants forum rather than one for footy fans.

Was just hoping somebody like OSB could explain what it all means for the people who just know about football.

I can put it simply.

SISU made a decision that Joy wouldn't make now. They have put millions in and have nothing of value so won't be selling in a hurry. She wants a return on the investment. She won't be putting any more money in.

Other than that all is well.

Godiva · Apr 7, 2015

Nick said:
Ah shit yeah, forgot this was an accountants forum rather than one for footy fans.

Was just hoping somebody like OSB could explain what it all means for the people who just know about football.

It simply means that 'somebody' owns the club. Those 'somebody' are owned by 'somebody else'.
At the end of the day there's not really anything new. It's a piece written to scare us. It will work on those already scared.

All the numbers have previously been dissected a thousand times.

Ian1779 · Apr 7, 2015

Godiva said:
It simply means that 'somebody' owns the club. Those 'somebody' are owned by 'somebody else'.
At the end of the day there's not really anything new. It's a piece written to scare us. It will work on those already scared.

All the numbers have previously been dissected a thousand times.

That'll be why Jack is peddling it.

Jack Griffin · Apr 7, 2015

Ian1779 said:
That'll be why Jack is peddling it.

It will be because I saw it posted on twitter by a SBT committee member. As you are so certain about peoples motives can you tell me what his angle is?

By the way what is your angle, you as always post a defence of anything that makes SISU look bad? (in this case an indirect defence to deflect discussion away from the topic of the blog which is ARVO/SISU/CCFC ownership).

Astute · Apr 7, 2015

Godiva said:
It simply means that 'somebody' owns the club. Those 'somebody' are owned by 'somebody else'.
At the end of the day there's not really anything new. It's a piece written to scare us. It will work on those already scared.

All the numbers have previously been dissected a thousand times.

When we all know that there is nothing to worry about :thinking about:

chiefdave · Apr 7, 2015

What an odd article to write. Appears to be a very long winded way of saying ARVO and SISU are all part of the group and they have both put more in than they could sell for.

chiefdave · Apr 7, 2015

Jack Griffin said:
It will be because I saw it posted on twitter by a SBT committee member. As you are so certain about peoples motives can you tell me what his angle is?

Do we know who wrote it or is it another anonymous voice?

Nick · Apr 7, 2015

Jack Griffin said:
It will be because I saw it posted on twitter by a SBT committee member. As you are so certain about peoples motives can you tell me what his angle is?

Who posted it?

Godiva · Apr 7, 2015

Jack Griffin said:
It will be because I saw it posted on twitter by a SBT committee member. As you are so certain about peoples motives can you tell me what his angle is?

By the way what is your angle, you as always post a defence of anything that makes SISU look bad? (in this case an indirect defence to deflect discussion away from the topic of the blog which is ARVO/SISU/CCFC ownership).

Maybe it's supposed to be a 'target list' for a mail campaign with the purpose of having the investors retract their investments?

Jack Griffin · Apr 7, 2015

chiefdave said:
What an odd article to write. Appears to be a very long winded way of saying ARVO and SISU are all part of the group and they have both put more in than they could sell for.

Why is it odd? I'm glad you understand at least part of the conclusions drawn by article, you don't have to agree with them, I'm not sure I do 100%.

Godiva · Apr 7, 2015

Astute said:
When we all know that there is nothing to worry about :thinking about:

There's plenty to worry about.
As long as the club is dependent on somebody to bank roll it we may worry. Be it investors or a bank - there's always the risk they want their money back at some point.

chiefdave · Apr 7, 2015

Jack Griffin said:
Why is it odd?

Just seems a lot of effort to start up a blog and write a decent length piece which doesn't really tell you anything new or provide any insight or analysis.

Jack Griffin · Apr 7, 2015

chiefdave said:
Just seems a lot of effort to start up a blog and write a decent length piece which doesn't really tell you anything new or provide any insight or analysis.

A lot of it is new to me, at least in the detail, when did you find all that out before?

Astute · Apr 7, 2015

chiefdave said:
Just seems a lot of effort to start up a blog and write a decent length piece which doesn't really tell you anything new or provide any insight or analysis.

TBF nothing has changed for ages other than our manager.

lewys33 · Apr 7, 2015

I don't need to read it. John from the house on the corner told me who owns the club and I believe him.

mrtrench · Apr 7, 2015

Jack Griffin said:
If you can't comprehend it then don't trouble yourself with all that pesky detail.

How rude.

Jack Griffin · Apr 7, 2015

mrtrench said:
How rude.

Intentionally of course

Signed, outraged of Tonbridge Wells.

wingy · Apr 7, 2015

Godiva said:
There's plenty to worry about.
As long as the club is dependent on somebody to bank roll it we may worry. Be it investors or a bank - there's always the risk they want their money back at some point.

Would bank have lost Its loans at the point of Admin/Liquidation
Could they have taken equity in return for their loss?

martcov · Apr 7, 2015

Nick said:
Can anybody translate / simplify?

We're fucked.

ecky · Apr 7, 2015

No new investment?
TM will be off then..

Next season premier teams will get £10m per game and those relegated will get such a massive parachute payment that no one will be able to compete with them in the championship..
We are totally finished under Sisu and I don't ever see a way back for us to the championship

fernandopartridge · Apr 7, 2015

ecky said:
No new investment?
TM will be off then..

Next season premier teams will get £10m per game and those relegated will get such a massive parachute payment that no one will be able to compete with them in the championship..
We are totally finished under Sisu and I don't ever see a way back for us to the championship

The first two paragraphs demonstrate why the game is finished. SISU are a symptom of its problems. The club has been fucked by 15 years or so since it sold Highfield Rd.

chiefdave · Apr 7, 2015

ecky said:
No new investment?
TM will be off then..

That's no investment from SISU or AVRO as they want the club to be self sufficient rather than them having to pump millions in every year. To be fair they haven't made a secret of that. The downside for us is if they can achieve that they can hang around almost indefinitely hoping for a miracle to get their money back.

Godiva · Apr 7, 2015

wingy said:
Would bank have lost Its loans at the point of Admin/Liquidation

Yes - or at least most of it. Fortunately that didn't happen - don't you just hate when people don't pay their debts?

wingy said:
Could they have taken equity in return for their loss?

No. A new owner would have to take over to reduce than banks loss. Someone like Sisu or Hoffman/Elliot?
Or Sisu and Hoffman/Elliot?

ecky · Apr 7, 2015

chiefdave said:
That's no investment from SISU or AVRO as they want the club to be self sufficient rather than them having to pump millions in every year. To be fair they haven't made a secret of that. The downside for us is if they can achieve that they can hang around almost indefinitely hoping for a miracle to get their money back.

They never will though will they?
No new investment and they sell anyone who can tie a boot lace leaves us finished as a club..

We will just bounce around league 1 & possibly 2 for years with no money and no ambition to climb the leagues...

Senior Vick from Alicante · Apr 7, 2015

chiefdave said:
That's no investment from SISU or AVRO as they want the club to be self sufficient rather than them having to pump millions in every year. To be fair they haven't made a secret of that. The downside for us is if they can achieve that they can hang around almost indefinitely hoping for a miracle to get their money back.

I think that would be a problem Chief. No investment would mean a team based roughly on the same as we have now, this would mean relegation at some point. The further they go down the league structure the closer they and we are to the abyss. The only way they can look to recoup any of their money is to get them back into the championship and then sell, that is going to take investment whether they like it or not, until that happens we are at our natural level. The self fulfilling prophecy is biting them in the arse, you need to invest to get promotion to get more money by attracting more fans and selling more merchandise and so it goes on, we all know it even Sisu I would hope but their in lies another problem have they got the money to make an investment? After reading the link I would say that they are reliant on everyone else's money and not their own, and everyone else has decided not to play ball any more.

skybluefred · Apr 7, 2015

So who is providing the funds for the totally inadequate stadium being built for us at Rugby?.

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