dog rout 21 wrote:Given that a large number of our fans are window licking mongs, what did you expect?
The Yid wrote:dog rout 21 wrote:Given that a large number of our fans are window licking mongs, what did you expect?
I suppose your right. I did see the Twitter mongs were wishing each other 'Happy Transfer Embargo Day' on Friday. You'd think they take pleasure in there being problems.
Hope SISU ruined their weekend.
billythefish wrote:Madness to sack anyone that soon into a job but funny none the less!
AD wrote:The Yid wrote:dog rout 21 wrote:Given that a large number of our fans are window licking mongs, what did you expect?
I suppose your right. I did see the Twitter mongs were wishing each other 'Happy Transfer Embargo Day' on Friday. You'd think they take pleasure in there being problems.
Hope SISU ruined their weekend.
Interesting reading. All costs down, mainly player salaries but that would be due to the realignment with league 1 status over the year. Most worringly, turnover down £4.4m nearly 40%. And let's not forget this is only up to May. So we were still getting half decent crowds at the Ricoh. So imagine how much revenue will have been lost since? The rental due on the stadium looks like good value now doesn't it!
Also ARVO loans are now due payable within one year. However that doesn't necessarily mean they'll call them in, just when the agreement to pay falls at the end of the year. They could easily extend it, although more likely they'll call it in, but offer another loan, with higher interest, to pay the original. Nice work if you can get it. Also taken on more preference shares, so able to pull the fast one of securing their own debt ahead of other parties like last time.
In comparison ACL show a profit over £750k for the same period. Yes, at the time CCFC were still playing at the place, but CCFC had stopped paying them, although the accounts show a debt owed to them by the club of £590k so that may include economic assumptions bill will be paid when in likelihood they will be a bad debt.
All in all, it'll be next years accounts that will be interesting as it will start to truly show the effects. Both will suffer financially, but going on this the effect will be much, much more significant on CCFC.
The Yid wrote:AD wrote:The Yid wrote:dog rout 21 wrote:Given that a large number of our fans are window licking mongs, what did you expect?
I suppose your right. I did see the Twitter mongs were wishing each other 'Happy Transfer Embargo Day' on Friday. You'd think they take pleasure in there being problems.
Hope SISU ruined their weekend.
Interesting reading. All costs down, mainly player salaries but that would be due to the realignment with league 1 status over the year. Most worringly, turnover down £4.4m nearly 40%. And let's not forget this is only up to May. So we were still getting half decent crowds at the Ricoh. So imagine how much revenue will have been lost since? The rental due on the stadium looks like good value now doesn't it!
Also ARVO loans are now due payable within one year. However that doesn't necessarily mean they'll call them in, just when the agreement to pay falls at the end of the year. They could easily extend it, although more likely they'll call it in, but offer another loan, with higher interest, to pay the original. Nice work if you can get it. Also taken on more preference shares, so able to pull the fast one of securing their own debt ahead of other parties like last time.
In comparison ACL show a profit over £750k for the same period. Yes, at the time CCFC were still playing at the place, but CCFC had stopped paying them, although the accounts show a debt owed to them by the club of £590k so that may include economic assumptions bill will be paid when in likelihood they will be a bad debt.
All in all, it'll be next years accounts that will be interesting as it will start to truly show the effects. Both will suffer financially, but going on this the effect will be much, much more significant on CCFC.
ACL's 'revenue' is topped up by them allocating approximately £1m into the accounts which is part of a 'fine' paid by Isle of Capri to leave Ricoh complex. So although they did get the cash injection from that, real terms account would actually be a loss - not profit. They are not financially viable without the club... it's delusional to think they are.
Although both will suffer financially in future - SISU's money is their own to waste - but ACL's?? Funded by more public money which could go to far better use.
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