CSI statement - business as usual
CSI this evening released a statement (here) via their facebook page in a bid to reassure all that all is ok, despite the problems with Snoras Bank.
The statement is on that link above or quite simply below...
CSI Statement on Snoras Bank Announcement
In the light of the recent events at Snoras Bank, Convers Sports Initiatives (CSI) would like to reassure its companies, staff, and the fans of its teams and events, that it remains very much business as usual. We are operationally unaffected by the Snoras Bank entering temporary administration.
CSI has been solely financed through the private wealth of its owners. Snoras Bank has never provided funding for the purchase of a CSI organisation, nor has it lent any money to these businesses after they have been acquired.
We continue to look at expanding the CSI business and hope to announce a number of further acquisitions in the near future as well as continuing to support our existing businesses.
What else can you say?
I guess we have to take CSI at their words and hope that they do not, like so many before them, end up letting us down...
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