Stadium update (2 Viewers)

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CrawleySkyBlue

Well-Known Member
SBAndy said:
With the charge, you’d imagine there’s a ‘deferred consideration’ (i.e. buy now, pay later) element to the transaction as it’s common practice for the seller to retain a charge to mitigate the risk of non-payment. Someone else (may well have been in the quoted post) suggested Doug’s taken a loan from Frasers; it’s effectively a payment plan. For example, if the Arena makes a profit of more than £1m, it may mean future payments increase.
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Yeah, you may well be correct in that there is a deferred element of the consideration due from the acquirer (I.e the club) which has then been secured against the acquired asset (the arena) by the seller.

It’s worth adding that this deferred consideration maybe contingent in nature (I.e it depends on certain agreed upon conditions being achieved, such as profitability levels of the arena) meaning that it the amount is not yet exactly known, or it may simply be a fixed amount that has been deferred and due to be paid at a future date.

It all depends on how the deal was structured. We do not have any information on this.

I’ve not seen anything which suggests that the £40m figure doing the rounds is anything other than guess work based on a few known elements.
 
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Kneeza

Kneeza

Well-Known Member
GC1976 said:
You would think CoventryLive/ Telegraph website would remove the WASPS link on its home page by now. Pretty embarrassing for a “local newspaper“

www.coventrytelegraph.net

Wasps RFC - Coventry Telegraph

Wasps are an English professional rugby union team that moved to Coventry in 2014 after buying the Ricoh Arena, now called the Coventry Building Society Arena. The team compete in the Gallagher Premiership, Heineken Champions Cup and the Premiership Rugby Cup. You can find us on Facebook and...
www.coventrytelegraph.net www.coventrytelegraph.net
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Not a chance. They still love the scamming bunch of chancers.
I've been banging my head against that particular brick wall since the itinerants dropped off this mortal coil. No response.
Oh for the days of our very own legend John Wilkinson. I'm absolutely sure he'd have sorted it.
 
pusbccfc

pusbccfc

Well-Known Member
First of many. That arena has been massively underused.
 
Saddlebrains

Saddlebrains

Well-Known Member
Thats a cracking name to get in to kick off our ownership

If we can manage to attract 2 or 3 really big artists for the stadium bowl in the summer, and 4 or 5 every year in the exhibition hall, on top of the usual '2025 Cold tap conference'or whatever other boring bollocks is usually in there through the week, we will be laughing
 
A

AJB1983

Well-Known Member
Ccfcisparks said:
Will you be going
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Doubt it.
Seen him before in Cardiff on his last tour so likely give this a miss.

looks like there’s a bit of Coldplay type stuff going on too - in that if you want access to ‘pre-sale’ tickets you have to pre-order the new album.
Otherwise you’d be waiting for the carnage of general sale For what would be only a relatively small amount of tickets.
 
Ccfcisparks

Ccfcisparks

Well-Known Member
AJB1983 said:
Doubt it.
Seen him before in Cardiff on his last tour so likely give this a miss.

looks like there’s a bit of Coldplay type stuff going on too - in that if you want access to ‘pre-sale’ tickets you have to pre-order the new album.
Otherwise you’d be waiting for the carnage of general sale For what would be only a relatively small amount of tickets.
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Any good in Cardiff?

I've never done the Ricoh for a gig other than Kings of Leon when they were there
 
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