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Wasps going into admin & the impact on CCFC (15 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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usskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,836
The figures are confusing. Just tell us many Bounty’s that is?
 
Reactions: skybluetony176, djr8369 and wingy

The Philosopher

Well-Known Member
  • Nov 3, 2022
  • #9,837
Brighton Sky Blue said:
Well by 'they put in £4.5 million' obviously yes that means they got it from investors. But carrying on as they are, they are never, ever going to get the total investment back. Not even close.
Click to expand...
….unless they reach the Prem
….get some really lucky transfers like £20m for Gyok (McBurnie was more and he’s useless) , £15m for whoever, this sell on, that Cup run (Look IDGAF that atm it’s pie in the sky, but I’m playing Devils Advocate)
….Get the CBS for very little (£15m might have been their fantasy) and revalue / sell the lot for £60m plus £15m and get out of jail. This was the plan from 8 years ago too but the numbers were different. They had to keep trying through the courts because they couldn’t afford not to.

The above, I believe, we’re SISU’s exit plans.

Selling for lots less - they cannot do.

The arena option looks to have fallen by the wayside.

Crystalising their loss isn’t an option I don’t think.
 

Sky Blue Harry H

Well-Known Member
  • Nov 3, 2022
  • #9,838
Getting closer.............
 
Reactions: skybluepm2 and wingy
B

Brighton Sky Blue

Well-Known Member
  • Nov 3, 2022
  • #9,839
Sky Blue Harry H said:
View attachment 27023View attachment 27024 Getting closer.............
Click to expand...

Big Mike's probably made an account just to make the 10,000th post
 
Reactions: Sky Blue Harry H

The Philosopher

Well-Known Member
  • Nov 3, 2022
  • #9,840
Sky Blue Harry H said:
View attachment 27023View attachment 27024 Getting closer.............
Click to expand...
It’s the reason I keep posting.
 
Reactions: Sky Blue Harry H
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 3, 2022
  • #9,841
The Philosopher said:
….unless they reach the Prem
….get some really lucky transfers like £20m for Gyok (McBurnie was more and he’s useless) , £15m for whoever, this sell on, that Cup run (Look IDGAF that atm it’s pie in the sky, but I’m playing Devils Advocate)
….Get the CBS for very little (£15m might have been their fantasy) and revalue / sell the lot for £60m plus £15m and get out of jail. This was the plan from 8 years ago too but the numbers were different. They had to keep trying through the courts because they couldn’t afford not to.

The above, I believe, we’re SISU’s exit plans.

Selling for lots less - they cannot do.

The arena option looks to have fallen by the wayside.

Crystalising their loss isn’t an option I don’t think.
Click to expand...
Isn’t CCFC part of an investment fund? Therefore not the only part of a particular fund.

wouldn’t it only be a loss if the entire fund was losing money?
 
Reactions: pipkin73
D

djr8369

Well-Known Member
  • Nov 3, 2022
  • #9,842
oldskyblue58 said:
Won't show up on the sisu capital Ltd accounts, they are part of an investment funds for their clients
Click to expand...
Is the effect still the same though, it’s listed as an investment of x million in CCFC generating x amount of interest per year?
 

The Philosopher

Well-Known Member
  • Nov 3, 2022
  • #9,843
HuckerbyDublinWhelan said:
Isn’t CCFC part of an investment fund? Therefore not the only part of a particular fund.

wouldn’t it only be a loss if the entire fund was losing money?
Click to expand...
Yes, but the point remains: if the total fund is £560m and CCFC is £60m, then (sell CCFC for and) get a return of £ 20m, the fund can only be valued at £500m with £20m in cash. £520m. It’s lost £40m. Investors won’t be happy. You can’t just make numbers up, there usually has to be substantive asset behind the assertion.

How they keep CCFC as an asset in a fund is beyond me, others on here will explain better but it’s a sketchy sounding arrangement at best. Are any other clubs part of a hedge fund?
 

Grendel

Well-Known Member
  • Nov 3, 2022
  • #9,844
The Philosopher said:
I don’t agree.

They are a hedge fund.

Definition:

A hedge fund is a limited partnership of private investors whose money is managed by professional fund managers who use a wide range of strategies, including leveraging or trading of non-traditional assets, to earn above-average investment returns.

——

So long as SISU shows its investors that the value of their investment increases then that’s all dandy.

The various “funds” show that the money in CCFC is earning £2m per year in interest. On paper. That’s the key. On paper.

It looks to me that on paper SISU have CCFC at £60m.

Sell for less and they have a problem.
Click to expand...

no they have ccfc at far less than that
 

The Philosopher

Well-Known Member
  • Nov 3, 2022
  • #9,845
Grendel said:
no they have ccfc at far less than that
Click to expand...
Ok.

Let’s have the deep dive - waiting.

Or a sarky, unconstructive comment like a 12 year old.

let’s see…..
 
Reactions: Samo

Nick

Administrator
  • Nov 3, 2022
  • #9,846
Think I preferred the chocolate bants to the Russell Brand type vocabulary.
 
Reactions: wingy

Samo

Well-Known Member
  • Nov 3, 2022
  • #9,847
Nick said:
Think I preferred the chocolate bants to the Russell Brand type vocabulary.
Click to expand...

If only you had Russell Brand's vocabulary!
 
T

Theonlywayisskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,848
While I’m enjoying the filibustering and endless hypotheses I keep reminding myself that I’m a football fan and Sky Blue through and through and so I don’t look at this as a cold-hearted, emotionless business person would. If I did or if I could I might (but only might) be able to take an educated guess about where this is going. Neither Joy nor big Mike are in this for anything other than the potential financial upside. The answer always lies in following the cash - or in eating the blue bounties
 
Reactions: shmmeee
S

SkyBlueSam01

Well-Known Member
  • Nov 3, 2022
  • #9,849
Liquid Gold said:
I like the bounties but I don't touch them until the end so I get an equal share of the rest then all the bounties when everybody else is done
Click to expand...

Pure class this (from a Ferrero Roche fan)
 
Reactions: GaryMabbuttsLeftKnee, Nick and PVA
O

OyJimmy

Member
  • Nov 3, 2022
  • #9,850
Remember one thing here. Interest rates are climbing. If Sisu has debt their interest payments are climbing in a tough economy. Now could be a good time to cut and run. Ashley will know that. He’ll hard ball them
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 3, 2022
  • #9,851
SkyBlueSam01 said:
Pure class this (from a Ferrero Roche fan)
Click to expand...

Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake
 
Reactions: SkyBlueSam01

slowpoke

Well-Known Member
  • Nov 3, 2022
  • #9,852
Think we all have to be patient. The positive for me is it just might be sisu are on the back foot and perhaps soon be gone, I know we have been here before but this time I have a good feeling about it.
 

Nuskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,853
TV
Brighton Sky Blue said:
Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake
Click to expand...
White Loin bar please
 
Reactions: vow

Liquid Gold

Well-Known Member
  • Nov 3, 2022
  • #9,854
Another day without a sisu sob story.
 
Reactions: MAFF

Sbarcher

Well-Known Member
  • Nov 3, 2022
  • #9,855
SkyBlueSam01 said:
Pure class this (from a Ferrero Roche fan)
Click to expand...
You’re nuts, has to be Lindt.
 

Sky_Blue_Dreamer

Well-Known Member
  • Nov 3, 2022
  • #9,856
Brighton Sky Blue said:
Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake
Click to expand...
I like Lion bars and Ferrero Rocher.
 
Reactions: Otis and SkyBlueSam01

Bugsy

Well-Known Member
  • Nov 3, 2022
  • #9,857
Brighton Sky Blue said:
Two of the worst chocolates there are. Someone get me a Lion bar for fuck's sake
Click to expand...

Peanut lion bar for me plz
 
Reactions: Brighton Sky Blue and vow

pipkin73

Well-Known Member
  • Nov 3, 2022
  • #9,858
djr8369 said:
I guess those loses show up as debtors on SISUs accounts and so effectively an asset? Would that be why they’d manufacture “losses” and hang around, it inflates their balance sheet? Or have I got that all wrong…
Click to expand...
That is how i read it, but i know nothing lol
 

Nuskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,859
Sky_Blue_Dreamer said:
I like Lion bars and Ferrero Rocher.
Click to expand...
Hussy
 

Grendel

Well-Known Member
  • Nov 3, 2022
  • #9,860
The Philosopher said:
Ok.

Let’s have the deep dive - waiting.

Or a sarky, unconstructive comment like a 12 year old.

let’s see…..
Click to expand...

Its been explained over and over again to you but oddly you just ignore it. Ccfc owner related debt is in that region

Still even a 12 year old wouldn’t claim wages to be £3 to £4 million would they
 

The Philosopher

Well-Known Member
  • Nov 3, 2022
  • #9,861
Grendel said:
Its been explained over and over again to you but oddly you just ignore it. Ccfc owner related debt is in that region

Still even a 12 year old wouldn’t claim wages to be £3 to £4 million would they
Click to expand...
12.
 

robbiekeane

Well-Known Member
  • Nov 3, 2022
  • #9,862
what’s the craic then
 

Nuskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,863
The general consensus is that chocolate with nuts in are good
robbiekeane said:
what’s the craic then
Click to expand...
 

pipkin73

Well-Known Member
  • Nov 3, 2022
  • #9,864
Some Wasps fans want here for the new ground, i think the main stand might still be too big

Help us decide the future of Linford Christie Stadium

www.lbhf.gov.uk
 

Nuskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,865
pipkin73 said:
Some Wasps fans want here for the new ground, i think the main stand might still be too big

Help us decide the future of Linford Christie Stadium

www.lbhf.gov.uk
Click to expand...
I think they are drawn to it because it's making a loss. It must be their fetish.
 
Reactions: MacReady

pipkin73

Well-Known Member
  • Nov 3, 2022
  • #9,866
Loved Mars as a kid, think they are too bland now.
Caramel-based chocolates, oh yes, now feel too sweet.
Galaxy ripple, a flake without the crumble, oh yes please.
 
Reactions: RegTheDonk

pipkin73

Well-Known Member
  • Nov 3, 2022
  • #9,867
Nuskyblue said:
I think they are drawn to it because it's making a loss. It must be their fetish.
Click to expand...
Click on the link, the stand only holds a few hundred lol.
 

Otis

Well-Known Member
  • Nov 3, 2022
  • #9,868
Nuskyblue said:
The general consensus is that chocolate with nuts in are good
Click to expand...
Depends on whose nuts to be honest.
 
Reactions: Nuskyblue

Nuskyblue

Well-Known Member
  • Nov 3, 2022
  • #9,869
pipkin73 said:
Loved Mars as a kid, think they are too bland now.
Caramel-based chocolates, oh yes, now feel too sweet.
Galaxy ripple, a flake without the crumble, oh yes please.
Click to expand...
Flake without the crumble is a twirl

Caramel, big fan.
 

Otis

Well-Known Member
  • Nov 3, 2022
  • #9,870
Nuskyblue said:
Flake without the crumble is a twirl

Caramel, big fan.
Click to expand...
Yorkie raisin and biscuit is my favourite.
 
Reactions: RegTheDonk, Bernie Rhodes Nose, duffer and 1 other person
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