Bruce i agree with your analyses and have been saying the same on here to be poo pooed by the pro brigade.
They are stripping anything they can from the club incl any player or youth player they can get money for and replacing them with loans which means less outgoings on wages as the parent club pay all or a percentage.
This then means the club can continue to exist with a small squad made up of a larger percentage of loans.
Weve seen it more this season than any other and reading all the waffle on here re the academy the smaller print indicates sisu have no intention of retaining it again less cost.
My opinion is when we lose the ricoh in 2-3 years and sisu have finished their court room antics they will walk away but not before squeezing every last penny out of the club they can.
Their not football fans/owners but a rutheless hedge fund with shareholders wanting a payout and we will pay the ultimate price so they can do that
We appear stuck with them at the minute. They are only spending what they bring in, nothing wrong with that but any money brought in through transfers goes into their pocket or business. Just Callum Wilson and James Maddison alone have realised around £10 million. Just 10 % of that would almost assure promotion or a top 6 spot, but then that gives another problem, promotion would bugger up
sisu's budget game plan players in the championship are now on large salaries a lot more than we pay or are prepared to to pay. A sad and worrying state of affairs. The end game ? not sure with sisu not putting any money in why should they sell ! I don't fully understand how hedge funds work but from the outside looking in what better than a business that doesn't cost money but now and again through the transfer system realises a few million seems a good thing for them doesn't it.
What money is being squeezed out of the club though?
I guess they must be taking some of the sale money - #JM10 for example. I get that - they are now pulling money out rather than investing, but then they are many millions in the hole with the club. I just don't see them walking away from something costing them nowt (now) with the option of an occasional windfall and a slight chance of promotion.
I think the Maddison stuff will show up in the accounts this year won't it?
MV has said it is all staying within the club.
Is this the old they haven't spent it on new players and signings so it must be in their pocket?
Then we'll see. Cannot see any evidence of it being spent by the club just yet. And if we are breaking even as claimed (is that true?) it's not going in running costs.
Then we'll see. Cannot see any evidence of it being spent by the club just yet. And if we are breaking even as claimed (is that true?) it's not going in running costs.
So long as we are not losing them further money I think they will be happy to carry on as is, with the outside chance of promotion and starting to recoup their losses.
They did claim they'd got their budgets badly wrong last season, though, and what should have been a break even gate... wasn't.
The latest accounts – for the year up to May last year – reveal operating losses of £1.9million, down from an adjusted figure of £4.4million in 2013/14, when the club played ‘home’ games for almost the entire season at Sixfields stadium in Northampton.
http://coventryobserver.co.uk/news/coventry-city-football-club-new-accounts-show-1-9m-loss-ricoh/
2012
- Directors were paid £120k - who to it doesnt say but you might assume most to SW ?
http://www.skybluestalk.co.uk/threads/commentary-otium-entertainment-group-accounts.54665/
2013
- remuneration paid to third parties for directors services 246,250 (total paid direct and indirect last year was 497,739)
http://www.skybluestalk.co.uk/threads/sky-blue-sports-leisure-2013-accounts.42971/
And, no I've no idea what the SISU exit strategy is, surely they don't want this albatross hanging round their neck?Away from the stadium situation, Ms Seppala ruled out any merger with Wasps and clarified why the club had opted to sell James Maddison when it did - pointing to concerns the player could get injured.
She also said previous estimates of needing an 11,000 average crowd to break-even had been revised - and the club actually needed attendances nearer 14,000.
http://www.coventrytelegraph.net/news/coventry-news/sisu-boss-joy-seppala-says-10992215
Directors were paid £120k - who to it doesnt say but you might assume most to SW ?
Which CCFC directors are appointed by the Council or Charity?
Although, I doubt they are working for peanuts.
Edit:
Found this from 2015.
All directors paid less than the highest paid ACL director
And, no I've no idea what the SISU exit strategy is, surely they don't want this albatross hanging round their neck?
A lot of people have said over the years what are Sisu trying to achieve ? Nobody definitely knows. My opinion , is they are happy to keep taking board room level salaries out of the club , and use the club books for other reasons beyond a normal person to understand other than an accountant. I THINK THE END IS NEAR, soon no academy ? and very soon nowhere for home fixtures . To me it looks like administration and Sisu walk away .
Isn't the top one 2014? So directors fees halved?
Still interesting that an ACL director was being paid more than all of them put together
I don't think business people think like that.Not really sure what the end game is and I don't even think sisu know.
I would of thought they are quite happy where ccfc are winning a fair few games and competing whilst selling a youth player every other season for 3m.
So to answer I think there is no end game as such more just ticking along fairly happy for the time being.
No, you haven't understood, what I found was one year Otium & one year SBS&L, so it looks like SW was on ~100K & TF on ~200K, SW was Otium director, TF SBS&L director. Both companies pay their directors, right now TF/LD and CA are all paid, the main outgoings to TF & CA I imagine.
If you had the nous to research this yourself you could come up with a realistic appreciation, but I think you'd rather point fingers at every last detail that supports your agenda.
Or you could just nut select this thread.Nick, IIRC, you set up the "Politics/Ricoh/SISU" forum for this type of discussion. Please can you move it so that those of us who want to talk about football matters don't have to encounter it?
Their original plan was clear. Now they are just trying to run at cost neutral hoping at some point they get a return.A lot of people have said over the years what are Sisu trying to achieve ? Nobody definitely knows. My opinion , is they are happy to keep taking board room level salaries out of the club , and use the club books for other reasons beyond a normal person to understand other than an accountant. I think the end is near , soon no academy ? and very soon nowhere for home fixtures . To me it looks like administration and Sisu walk away .
Its covered in the last set of accounts. SISU put a short term loan in as the club was running at a loss. Some of that has been repaid by the money received upfront. The rest has been left in as a rolling credit facility.Cannot see any evidence of it being spent by the club just yet.
SISU's strategy now appears to be hold tight, try to break even, see what happens on the pitch (promotion would be a bonus) and hope that Wasps get into sufficient financial difficulties to enable SISU to use those difficulties as leverage in crowbarring at least a share of the Ricoh from Wasps. From their actions there is no evidence of any other strategy.
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