SHmeee what a load of tripe you have just worte... dont you understand the debts are held by a different company set up by sisu? the running cost are paid by the same company. the money from sales of players is going directly to sisu... not the company put up by sisu to hold the debts. sisu of course make the money off the players sales... what do you think they just spend half a million a month keeping us afloat for the fun of it? no they invest in the running of the club to buy and sell players.
whilst all the time the debt gets bigger and any one wanting to buy the club has a huge debt to pay as soon as they take the club on. or course it is a fire sale and every one can see it but you mate.
they will sell the whole team for 10 million if they could because theyll replace it with a team worth 4 million and 5 loan players. take a look at the players we have sold, work out how much money we have made ... and look at the likes we bought in after sales.... they are bunch of vultures
Sorry, the formatting of your post makes it quite hard to read so please excuse me if I misread something.
You're saying that SISU Capital do not hold the debts, but a subsidiary company? This is true and quite normal. There are I think 3 companies that make up Coventry City Football Club alone, I'd expect a holding company to be dealing with any issues around the ownership of the club.
Then that the running costs are paid by this company. Now where does the money come from? Surely it comes from SISU Capital as they are the parent company, no? So in effect it comes form SISU. Or are you suggesting this money comes from elsewhere?
Then you say that the money from transfers does not go to CCFC, or the various holding companies that own them, but direct to SISU at the top of the chain, yes? Well firstly, I'm not entirely sure how this is different to SISU owning the club as they are at the top of the tree, but let's assume it is. Well then that would require this dodgy deal to be present in the accounts (which it's not, I have a copy if you'd like to look). So are you now accusing CCFC of accountancy fraud (not SISU as it's not their books)? Quite a serious allegation, I assume you have proof and will be passing it to the authorities?
No I don't think they invest "for the fun of it" I think that they genuinely think they can turn the club around and that that process has been mismanaged over the past few years due to a conflict of interest from Ranson who wanted to clear the debt by getting promotion. I think SISU have seen that it requires too much money for too little chance of return to fund a promotion push so they are going for Plan B: reduce running costs and make the club financially viable.
Oh, and I have (unlike you I suspect) actually done the maths on transfers in and out since SISU took over, currently they stand at roughly £1m profit, quite small potatoes considering they are spending £6m a year to get essentially £333k a year.
I'll happily discuss facts with you, I like you want to get to the bottom of the club's situation. My mind, as always, is open to new information that can change my point of view.
