Will Gary Hoffman... (3 Viewers)

[Greggs]

It could be Katie Hopkins, Piers Morgan and Donald Trump. Unless they are putting money in they aren't investing.

My daughter could have £50 in birthday money and I say she can buy something for £40. That's not me investing or buying it as it isn't me giving her the money.

No, it's Sisu. So they chose to let more of the money from their business account to be invested in the team?

 

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[Nick]

But why would you want to invest your own money, if the company you're running is generating it by itself?

I didn't say they would, I said they hadn't.

 

[Nick]

No, it's Sisu. So they chose to let more of the money from their business account to be invested in the team?

So you think the transfer fees go into SISU's account rather than the club's?

 

[Greggs]

It could be Katie Hopkins, Piers Morgan and Donald Trump. Unless they are putting money in they aren't investing.

My daughter could have £50 in birthday money and I say she can buy something for £40. That's not me investing or buying it as it isn't me giving her the money.

Well what if, rather then spend it on a liability, she spent it on an asset that improved in value? If she then sold that asset for £100, she'd be a good business woman. Then if she invested that £100 in something, then sold it for £200??? If she spent that £200 on a new tv, she wouldnt be investing, she'd be wasting money on a liabilty that will never increase in value. But if she copied them same model that was making her money, it'd be investing.

 

[Greggs]

I didn't say they would, I said they hadn't.

Isn't covering losses investing too though? I'll answer as i know it is.

 

[Nick]

Isn't covering losses investing too though? I'll answer as i know it is.

Yes, if they have put money in to pay bills the club couldn't.

 

[Greggs]

So you think the transfer fees go into SISU's account rather than the club's?

No. i'm saying that they decide how much gets spent!

 

[Nick]

Well what if, rather then spend it on a liability, she spent it on an asset that improved in value? If she then sold that asset for £100, she'd be a good business woman. Then if she invested that £100 in something, then sold it for £200??? If she spent that £200 on a new tv, she wouldnt be investing, she'd be wasting money on a liabilty that will never increase in value. But if she copied them same model that was making her money, it'd be investing.

Yes, it would be her investing. Not me as I didn't give her any money.

 

[Grendel]

SISU are running the club on a cost neutral basis to the parent company with no external funding from another cost centre. Assuming we agree that there are no hidden charges, etc

They’ve already had to find funding twice since that statement was made

 

[Greggs]

Yes, it would be her investing. Not me as I didn't give her any money.

You gave her £50 for her birthday i thought? King Contradict here

 

[Colin Steins Smile]

They’ve already had to find funding twice since that statement was made

My understanding was that any injection of funds was on a temporary basis and repaid in full, unless of course you know differently?

 

[Nick]

You gave her £50 for her birthday i thought? King Contradict here

No, just birthday money in general. Where did I say I gave her the money? I even said I didn't give her the money.

It isn't a contradiction, the only contradiction is to say they have invested to then say the club didn't need investment.

 

[Greggs]

Yes, it would be her investing. Not me as I didn't give her any money.

Game over

 

[Nick]

Game over

You have just quoted me saying I didn't give her any money?

Make up your mind.

 

[NorthernWisdom]

I don't believe Wasps will decide anything about a new ground deal till the prospect of court action is withdrawn, do you?

They did this time around.

It'll be same old, same old. Lots of bluster before a year deal is put in place.

 

[Nick]

They did this time around.

It'll be same old, same old. Lots of bluster before a year deal is put in place.

The battle will be how much will be paid for the deal.

 

[Greggs]

You have just quoted me saying I didn't give her any money?

Make up your mind.

You miss the point. Whoever gave your daughter the money, invested £50 doing so, whether it you, your wife or your milkman.

 

[Greggs]

You have just quoted me saying I didn't give her any money?

Make up your mind.

or did they grow from magic beans again?

 

[Nick]

You miss the point. Whoever gave your daughter the money, invested £50 doing so, whether it you, your wife or your milkman.

No, I understand the point fully, It brings us back to it not being SISU who gave the club money (investing). The club generated it itself by selling players.

 

[Nick]

or did they grow from magic beans again?

I do like how you try to be sarcastic when you keep going round in circles.

Nobody has ever mentioned magic beans apart from you.

 

[Greggs]

No, I understand the point fully, It brings us back to it not being SISU who gave the club money (investing). The club generated it itself by selling players.

But where did the intiail money come from whilst the club wasnt running at a profit?

 

[Greggs]

I do like how you try to be sarcastic when you keep going round in circles.

Nobody has ever mentioned magic beans apart from you.

Because you seem to think that money comes for free! A minute ago, your daughter had £50 birthday money. But you cant explain where it came from?

 

[Nick]

But where did the intiail money come from whilst the club wasnt running at a profit?

Which wasn't this season, was it? Again going back to the original point.

 

[Nick]

Because you seem to think that money comes for free! A minute ago, your daughter had £50 birthday money. But you cant explain where it came from?

Birthday money kind of does come for free if you wanted to be picky.

I said it wasn't from me but I allowed her to spend some of it on something. That isn't me giving her any money or "investing". If I gave her the money to go and buy something it would be me investing.

It's really quite simple.

 

[Greggs]

Birthday money kind of does come for free if you wanted to be picky.

I said it wasn't from me but I allowed her to spend some of it on something. That isn't me giving her any money or "investing". If I gave her the money to go and buy something it would be me investing.

It's really quite simple.

I took your analogy as father/daughter sisu/ccfc. My bad if i misunderstood

 

[mmttww]

Hoffman recently became Chairman of Coventry Building Society. Don't see him sticking that out and going through a messy process to acquire the club.

 

[Nick]

But why

I took your analogy as father/daughter sisu/ccfc. My bad if i misunderstood

But why what?

It's really straight forward, if SISU have put money into the club this season to buy players then they have invested in the team this season.

 

[Greggs]

I took your analogy as father/daughter sisu/ccfc. My bad if i misunderstood

But you deciding if she spends it in a way which will make her money, then that is you investing.

 

[Greggs]

But why what?

It's really straight forward, if SISU have put money into the club this season to buy players then they have invested in the team this season.

'but why' was an error

 

[Nick]

But you deciding if she spends it in a way which will make her money, then that is you investing.

So you think Joy and Dermot are scouting players now?

Robins has said it since he has come in, the more money the club brings in the more he gets to spend. Whether it is players going or people through the gates to watch.

 

[Greggs]

But why what?

It's really straight forward, if SISU have put money into the club this season to buy players then they have invested in the team this season.

If Sisu control the budget, they have..

 

[Nick]

If Sisu control the budget, they have..

They haven't.

Money going from SISU's bank to CCFC's bank is them putting money in....

It's really that straight forward.

 

[Greggs]

So you think Joy and Dermot are scouting players now?

Robins has said it since he has come in, the more money the club brings in the more he gets to spend. Whether it is players going or people through the gates to watch.

No, they are just allowing the finances to make it possible

 

[Greggs]

They haven't.

Money going from SISU's bank to CCFC's bank is them putting money in....

It's really that straight forward.

Who decides how much money we can spend each year?

 

[Nick]

No, they are just allowing the finances to make it possible

No, selling players and promotion brought in the finances to make it possible.

If they were investing, they would be handing money over from SISU to CCFC to go and buy players.

It is really simple to understand.