Someone who is savvy on finances please point us to where this 50 million SISU have supposedly invested.
The bank accounts issued I've seen certainly don't back this figure.
The accounts filled over recent years certainly doesn't sway towards a 50 mill loss. People forgetting SISU got this club for nothing. Shares were given to them
Thank you.http://www.skybluestalk.co.uk/threads/11316-FAQ-2-Money-Talks
Not the full story, not up to date, but covers most of it.
They didn't get it for nothing.
Thank you.
Yes they did. I know my dad gave up his shares for naff all and so did many others
The link you got before was to one of three FAQ's we put together some time ago. One of the FAQ's also covers the issue with fans shares.
Yes they did. I know my dad gave up his shares for naff all and so did many others
It's the spend over the 5 years plus inherited debt which was at least £15 to £20 million. The confusion is the debt free rubbish spouted by ranson.
They paid outstanding creditors to the tune of £20 million
£20 million +
25 players with average weeks salary (eg) £2000 = £50,000 , £50,000 x 52 weeks x 5 years = £ 13 million , above based on league 1 average salary , so add Championship average the salary figure would stand at £ 20 million ???
£20M debt + £20M salary = £40M in ???
I believe it was £8m.
I understood it ultimately to be much higher including the unpaid revenue bill. It is of course impossible to properly know. The £8 million I assume was the money raised via Prozone?
From FAQ-2:
On takeover the net liabilities of the group were discounted down by £35m leaving net debts of £8m for SISU to fund plus £3m losses from takeover until 31/05/08. By 31/05/08 they had provided a loan of £11m, this money loaned to the company to pay its debts.
So £8m to pay creditors at take over plus £3m to fill the pot and cover losses by end of May 08.
Takeover in December correct ??£3 M. Losses from there to seasons end Correct . A little over half a season or there abouts Correct??So how come we allaegedly incurred losses of around £10M. per seaqson in the following couple of seasons.
I don't get why people are arguing about how, why and if SISU have spent £50m. They bought a football club for fecks sake, what did they expect?!
It's the spend over the 5 years plus inherited debt which was at least £15 to £20 million. The confusion is the debt free rubbish spouted by ranson.
I'll accept SISU's claim of putting in this £50million which seems to have crept up from £45million in a couple of weeks if they will accept that added to that figure is 5 years gate receipts, 5 years TV money off Sky and transfer fees, i would estimate a total of atleast £30million
This 50 million surely covers all things losses, wages, transfers, rent etc. and we are led to believe it has come from the sisu trouser pocket, so again i ask what about other income, gate money, transfers, TV money or are you saying in 5 years it has cost over 80million to run this club and i know there was an initial 15million to pay off certain liabilities but that still leaves a spend of 65million in 5 years ?SISU have only put in money to cover the club's losses.
It's the spend over the 5 years plus inherited debt which was at least £15 to £20 million. The confusion is the debt free rubbish spouted by ranson.
This 50 million surely covers all things losses, wages, transfers, rent etc. and we are led to believe it has come from the sisu trouser pocket, so again i ask what about other income, gate money, transfers, TV money or are you saying in 5 years it has cost over 80million to run this club and i know there was an initial 15million to pay off certain liabilities but that still leaves a spend of 65million in 5 years ?
They paid outstanding creditors to the tune of £20 million
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