If SISU wanted administration they would have done it by now - makes no sense for them to put in more to lose it later in administration.
An administrator would come in, cut costs and look for a buyer - seems to me to be exactly what SISU are doing anyway without the club being in administration and losing 10 points. So why appoint administrators? I would guess the SISU investors loan could well be classed as football debt also - much like Chanrai etc at Pompey
The accounts are held up because there has been no agreed plan to cover at least 12 months from now. The auditors will not sign the accounts off without checking those plans and agreeing the club is a going concern. If there is a plan to sell all the players they can then that puts at risk any going concern conclusion - so that means either the accounts wont be signed or they will be qualified as not a going concern, which would have serious consequences
The players are assets (Debateable) of CCFC who also owns the league registration, any sale of assets would offset any liabilities in CCFC first and foremost things like wages, suppliers, VAT, PAYE etc which the current level of income does not fully cover. Not to mention that in the months of May June and July there is very little income but the same overheads and wages. Where is all this money to repay SISU coming from exactly? If SISU are still putting money in as we are told why do that knowing they will have to write off 100% of any new money ?
Yes Marlon King wanted a three year contract but he also wanted to maximise his earnings. He did both and we could not compete. We only think he may have scored 10 to 15 goals for us - we dont know that for sure, those goals could have come in the games we actually won or not made any difference to losing the games we did. You can not say it would have made a difference only that it may have. Well done for him but we couldnt afford him even at £15k pw, when will people understand we dont have the money needed, unless mega rich anyone coming in isnt going to have the money simply to throw at it, we need to get used to tight budgets and little spending because until the club turns the financial corner there is no alternative way to fund it.
The shares that were given up when SISU came in - much like now they had no value in monetary terms. The club was worthless, broke and about to go out of business when SISU took over. To be honest anyone putting millions into an all but bankrupt club would want total control. The arguement financially about the shares being handed over is pointless - would folk rather have their shares but no club? Yes a few feelings might have been hurt, yes fans cant go to an AGM, but did those shares give them any say whatsoever - NO. Welcome to the harsh reality of business
Player sales - read the 2010 accounts etc it was never a secret., it was always going to happen. Think about it too other clubs are prepared to offer big contracts to players at a time when our only alternative to keep the club going is to cut costs. Yes the club set and is sticking to the budget, but the players also have a decision in this. If you could get more elsewhere to provide for your family what would you do - isnt always better though is it ...... is Westwood playing regularly even if he earns a reported £25k pw
We are all but broke, the only reason we are still here is that SISU investors pick up the slack in the cashflow that isnt covered by ticket sales or the sales of players. There is no pot of cash that is sitting there to spend or reimburse investors. We dont have lots of players to sell, three of our apparently more saleable ones will probably be leaving for nothing come the summer. SISU cant get the money back right now and the losses give the Club no value. Administration wont help anyone including SISU, GH doesnt seem to be making much progress and from what I can see will replace loans with guess what .... loans. The only way is to somehow get the club financially viable and to breakeven at least........ how they do that in League 1 god knows
