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The owner put in £65m but only while in prem. He now wants a repayment

https://www.coventryrugby.co.uk/coventry-to-face-bath-in-pre-season-clash/ Proper version

https://www.coventryrugby.co.uk/2022-23-fixtures-announced/

https://www.coventryrugby.co.uk/full-squad-list-for-2022-23/

https://www.coventrytelegraph.net/sport/rugby/coventry-host-bath-rugby-pre-24524754

I am everyones friend on here which is why I give such sage advice to all, especially to those who don't want it!

Don't mix P&L profit/loss with cash flow !!

Huddersfield owners want money back!

I am 76 and saying nowt!

When there does not seem to be a queue of potential interested parties why should the only bidder offer more?

Not sure what Asset Distribution Transfers you mean? Can you clarify? ACL and ACL2006 have guaranteed the Wasps Finance borrowings secured on their interest in the Arena. So if the Bond Holders call on the Security it will depend on what ACL can raise to pay the debt I would need to look at...

Risks relating the head lease of the Arena granted to ACL2006 Under the terms of the head lease granted by Coventry City Council (“CCC”) to Arena Coventry (2006) Limited (“ACL2006”) in respect of the Arena (the “Head Lease”), CCC have reserved the right to forfeit the Head Lease if ACL2006...

Would be a tricky task as they were losing money and short of cash before then

CCC say to WMCA we need £14m to rectify our budget deficit but could you make it £27m as we have another £13m to find? Culture, heritage and sport – LGA on Levelling Up White Paper ??

That is ( I think ) a compulsory squeeze out. So long as the Majority Holder has 75% there are ways to go forward This tends to end up as a legal process and the aggrieved Minority Shareholders, at best end up agreeing a fair value for their shares Which is after discounting for their minority...

However "unfair" there are procedures whereby a Majority Shareholder can effectively force the sale of the Minority Shareholding It can be a tiresome and costly process The key is a well worded Share Holder Agreement that allows for such a circumstance

One in particular it seems - the avid ( or is it aphid ) WASPS supporter and Council CEO

Then?

What was the alternative ?

If anyone posts on that site: Mr Shugs should be aware if WASPS Holdings goes pop what happens to their Rugby Club? There will still be CCFC!! CCFC has a lease and are paying rent - that will still exist with the new Arena owner Has WASPS Holdings been paying its rent to ACL ?