I'm totally with you guys but I think it's slightly unfair that SISU get al the blame. They only came into our club because of RR. If he had done what he had said he will do from the offset we wouldn't be in this pickle. He took us over without seeing the real situation because he was desperate to buy a club. It's only when he was in the position of power he saw what a mess we were in because of previus mismanagement.
What is the sisu masterplan (4 Viewers)
- Thread starter wingy
- Start date
Theres al lot of assumptions being made about it only has aten thousand pound effect ,or idont spend there anyway,that would all be fine if we recieved the rest of the income but we dont ,i often hear the place does'nt make any money anyway,but compass coughed up 12.5 mil a season to operate the place ,which to me suggests theres some genuine income in there ,probably enough to pay the mortgage to get the ground ,which would give us much more longterm security than gambling on the pitch .we've lost 2-3000 out of 8000 fans shipped since movein IMO down to matchday stadium experience,thats also alot of income.As stated before we've gambled 60-70mill on operation prem ,some would argue lets do it againlike shhmeee said in three seasons we'd be down upto 100 mill,to me this is far more prudent method to build our club ,after all where would you rather live ,in a council house or in your own ,just joking ,but if that was the case i think you'd love it more and respect it more,by the way don,t councils give genourous discounts to tennants wishing to buy,you see i think they owe us alittle equity ,for being the force behind the whole entity anyway, and as a product gained them,upto 1million p.a. in LABGI money.
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Changeyourface
New Member
chiefdave
Well-Known Member
I get that the first figure is not a full year but even so the 2009 figure seems to stick out as very high. Is there any indication what casused the large increase in that year compared to the year before and after. Probably something obvious I'm missing!
think ijust read in sticky faq 2 or 3 check 3 first that there the suggestion within the figures that there may have been mortgages to pay off ,possibly paying Dowie off ,thought the same myself:thinking about:
sky blue john
Well-Known Member
What was the wage bill for each year Sisu have been in charge because I doubt very much that they have been paying 11-12million a year on wages !!!!
Because we have already worked out that on player purchases and sales they have pretty much broken even so I am just trying to work out why and how they have accumalated all this debt ?
oldskyblue58
CCFC Finance Director
As we paid out more wages than turnover in 2008 to 2010 before paying for anything else like rent, electric, amortisation of players contracts etc it is not at all surprising that we had losses SBJ.
SISU put money into SBS&L to fund the cashflow shortfall caused by those lossses, to pay off debts like HMRC and I suspect debts that only became apparent after they took over but related to pre take over trading (but thats a guess because it quite often happens in these situations). There is a timing issue regarding the player purchases with a net spend in 2009 that was not recouped until 2010. Also there would have been lump sum settlements to former managers to deal with. In addition the funding was provided for the group not just CCFC and in 2009 accounts was the purchase of prozone and there were costs to be met there
SISU put money into SBS&L to fund the cashflow shortfall caused by those lossses, to pay off debts like HMRC and I suspect debts that only became apparent after they took over but related to pre take over trading (but thats a guess because it quite often happens in these situations). There is a timing issue regarding the player purchases with a net spend in 2009 that was not recouped until 2010. Also there would have been lump sum settlements to former managers to deal with. In addition the funding was provided for the group not just CCFC and in 2009 accounts was the purchase of prozone and there were costs to be met there