The Council (1 Viewer)

Nick

Administrator
fuck me..the secret society have found me guilty by kanagroo court...see you all know best ( Nick/DOD and CM etc........)..its exactly as i said..you all pounce on peoplee who se views you disagree with !
Didn't you just say you aren't going to post any more in reply to me making a perfectly valid point to you?

It's almost as if you are just trying to get a bit of a flounce on the go and no interest in the actual points.
 

BobbyDazzler

Active Member
no............just proving my point and saying as i see it..have a go at the next poster!!!!
you should stop jumping on people you disagree with..calling themcouncil rent boys etc

Your’e fighting a losing battle, pal. Most threads are ruined by bickering, name calling and eventually being told to ‘fuck off’! Reasonable discussion is stifled by this and your view is only valid if you’re on here most hours of the day.
 

Nick

Administrator
no............just proving my point and saying as i see it..have a go at the next poster!!!!
you should stop jumping on people you disagree with..calling themcouncil rent boys etc
You might want to have a read back through the thread, then get your memory checked out.

The only person jumping is you it seems. I just pointed out the only way wasps lose a penny is if the council is found to be in the wrong, seemed to trigger you.
 

lifelongcityfan

Well-Known Member
Your’e fighting a losing battle, pal. Most threads are ruined by bickering, name calling and eventually being told to ‘fuck off’! Reasonable discussion is stifled by this and your view is only valid if you’re on here most hours of the day.
totally agree...and thank you for your support..that s certainly my experience....which is why i do not bother...and wish i hadnt bothered this evening
 

lifelongcityfan

Well-Known Member
You might want to have a read back through the thread, then get your memory checked out.

The only person jumping is you it seems. I just pointed out the only way wasps lose a penny is if the council is found to be in the wrong, seemed to trigger you.
sorry..i have beencalled george ,rent boy etc..my comment wasnt just aimed at you..it was aimed at some of your pals
 

Nick

Administrator
Your’e fighting a losing battle, pal. Most threads are ruined by bickering, name calling and eventually being told to ‘fuck off’! Reasonable discussion is stifled by this and your view is only valid if you’re on here most hours of the day.

What discussion has he tried? You are both far too obvious.

What will happen is that I'll tell you to fuck off, then it will be "nothing that is said about the council on there is true because nick said fuck off".

Try to be original.
 

Nick

Administrator
sorry..i have beencalled george ,rent boy etc..my comment wasnt just aimed at you..it was aimed at some of your pals
You still haven't replied to my points in reply to you, it's almost as if you have no interest at all in what is being said and just want to act a victim.

Again, not really an original act.
 

lifelongcityfan

Well-Known Member
as you would say nick...read thr threads........................ hopefully i have made my point...i will not rush back to make any further posts..if others feel like me..there will be very few left on here..would be itersting to see how many active members there are compared to afew years ago
 

Nick

Administrator
as you would say nick...read thr threads........................ hopefully i have made my point...i will not rush back to make any further posts..if others feel like me..there will be very few left on here..would be itersting to see how many active members there are compared to afew years ago
Read the thread for what? You aren't making any sense. You have no interest in the discussion.

It's pretty clear you are just trying to discredit this site because there will be people with brain cells who can see not just sisu are to blame.

Do you really think it isn't obvious?
 

Grendel

Well-Known Member
as you would say nick...read thr threads........................ hopefully i have made my point...i will not rush back to make any further posts..if others feel like me..there will be very few left on here..would be itersting to see how many active members there are compared to afew years ago

Just fuck off
 

SBAndy

Well-Known Member
Exactly. Then SISU pick up the ground at the accepted market value. Would they pay that?

Well the attached debt in the form of the bonds would essentially die with Wasps. All of a sudden the Ricoh is a lot more palatable and has a lot more potential.
 

Nick

Administrator
Well the attached debt in the form of the bonds would essentially die with Wasps. All of a sudden the Ricoh is a lot more palatable and has a lot more potential.
How would it work with the bond if it's secured?
 

SBAndy

Well-Known Member
How would it work with the bond if it's secured?

That’s the bit I struggle with. In theory the long-lease would be sold to cover the liabilities. However, I only have knowledge of what I would call the usual process of defaulting debt where there is one creditor, rather than x amount of creditors. The long-lease would never be sold for anything like the valuation that has repeatedly been placed on it, and this is something you’d expect to be factored into a standard secured lend. A bank for example would probably gear up to 50% of the value. I can’t recall the initial valuation but I don’t remember it being around £70m. They’d likely have to sell at a ‘loss’ and write off a portion of the debt.

Of course, I could be way off the mark as I don’t know much about the bond market....
 

chiefdave

Well-Known Member
That’s the bit I struggle with. In theory the long-lease would be sold to cover the liabilities. However, I only have knowledge of what I would call the usual process of defaulting debt where there is one creditor, rather than x amount of creditors. The long-lease would never be sold for anything like the valuation that has repeatedly been placed on it, and this is something you’d expect to be factored into a standard secured lend. A bank for example would probably gear up to 50% of the value. I can’t recall the initial valuation but I don’t remember it being around £70m. They’d likely have to sell at a ‘loss’ and write off a portion of the debt.

Of course, I could be way off the mark as I don’t know much about the bond market....
Isn't there something about the lease extension falling away if they go bust, so ACL goes back to the remainder of the original 50 year lease. Sure I've seen something like that mentioned.
 

Liquid Gold

Well-Known Member
Imagine posting on a forum and being outraged at being disagreed with.

No secret society, just a group of city fans who use their heads to construct debate with one another so the hard of thinking tend to struggle.

Nick, can you create a sib forum for them to warm up, like a toddler pool?
 

Grendel

Well-Known Member
Isn't there something about the lease extension falling away if they go bust, so ACL goes back to the remainder of the original 50 year lease. Sure I've seen something like that mentioned.

Yes that is what would happen
 

Nick

Administrator
Social media is madness, it isn't the usual "bickering" it's just strange accounts going all in.
 

CanadianCCFC

Well-Known Member
How many council bots were embarrassed on this thread? 1, 2, 3. While reading this thread I just pictured someone on 3 devices having a conversation with himself.
 

win9nut

Well-Known Member
It’s a distressing tactic, surely? Prove state aid, Wasps have to pay more and then go out of business, SISU pick up the stadium at a knock down price.
Hypothetically, the Long Lease would revert to the council if Wasps go out of business, meaning Council would have to sell short lease at the new non-state aid price (whatever that might be). Only way I could potentially see SISU gain out of this directly is if Wasps do end up in dire straights, they themselves could be available at a knock down price...
 
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DannyThomas_1981

Well-Known Member
Just fuck off
You really are a nasty, sneering and abusive piece of work to those who don't share the same viewpoint. It's also unfortunate (at best) that posts such as the one you have written are not immediately moderated and deleted. We're not always going to agree on many themes but resorting to 'just fuck off' to fellow fans in response to a counter viewpoint should be completely unacceptable in a forum read by a large cross section of our support (including kids).
 

kg82

Well-Known Member
You really are a nasty, sneering and abusive piece of work to those who don't share the same viewpoint. It's also unfortunate (at best) that posts such as the one you have written are not immediately moderated and deleted. We're not always going to agree on many themes but resorting to 'just fuck off' to fellow fans in response to a counter viewpoint should be completely unacceptable in a forum read by a large cross section of our support (including kids).

I’d agree. But the reply was to a guy that was talking genuine bull and then trying to lace it with a cry for me attitude. I personally wouldn’t reply that, but I can understand why people did after he said he was leaving and then still tried to get the last word a dozen times after that.
 

Sky Blue Pete

Well-Known Member
What I don’t understand is i thought Sisu said the Ricoh was worthless and wasps paid more than zero didn’t they? How much did Sisu offer? Was it £30m that they said wasps should have paid? I am happy the council and wasps have a lot to answer but Sisu’s stance has caused the most damage to our club
 

win9nut

Well-Known Member
What I don’t understand is i thought Sisu said the Ricoh was worthless and wasps paid more than zero didn’t they? How much did Sisu offer? Was it £30m that they said wasps should have paid? I am happy the council and wasps have a lot to answer but Sisu’s stance has caused the most damage to our club
Agree they are the main culprits, but did they have the luxury of time to complete due diligence and actually understand what was being bid for? In addition did they have the offer of the lease extension which is where the true value lies? I'm pretty sure that id CCC were up front about what was for sale, what that actually included, and the long lease was available for the £1m or so the council asked for, SISU would've bitten their hands off.
 

Nick

Administrator
What I don’t understand is i thought Sisu said the Ricoh was worthless and wasps paid more than zero didn’t they? How much did Sisu offer? Was it £30m that they said wasps should have paid? I am happy the council and wasps have a lot to answer but Sisu’s stance has caused the most damage to our club

This is where you are getting things confused and blurred.

It's all well and good saying that SISU said the Higgs 50% share was worthless but then you then compare it to a 100% share with a 250 year lease.
 

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