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maybe has something to do with the £6.9m capital expenditure (exc lease) in 2015 & 2016, or that they spent £2m on repairs & maintenance in those two years, or have Ericson upgrading the exhibition hall and stadium media infra structure?

Think you have to be careful focussing on the bond price especially over a few days. There has clearly been a dip since the release of the figures but there was last year too when the price went below £100 for a couple of days, then showed a steady trend of increase for the following year...

Few facts from the accounts of Wasps Holdings & ACL Debt levels of combined Wasps and ACL (ignoring cash deposits) 2014 £36,377,068 2015 £37,290,846 2016 £43,641,600 increase in combined debt since 2014 £7,264,532. Interest paid by combined Wasps & ACL 2014 £967,487 (pre Wasps purchase) 2015...

Failing to meet the covenants could be serious Nick. The bondholders make their own individual minds up as to value of the bonds they hold and sell or retain accordingly I expected a valuation 30-06-2016 it seems that from my last post it might not be the case

Just to muddy the waters a little more. Wasps Finance PLC accounts for 2016 are here https://beta.companieshouse.gov.uk/company/09435073/filing-history Wasps Finance are the company that issued the bonds then lent the proceeds to Wasps Holdings. Wasps Finance PLC are not part of Wasps...

If Wasps went bust the administrators would have to sell the assets to repay the creditors. The lease reverts to the outstanding time on the original term. That means the lease has some value and could be sold to the highest bidder (not necessarily CCFC/SISU). That means financing a purchase of...

Why would it be zero, would the new owner not have to buy the assets? how would that be funded and where would the interest be charged? If the new owner was CCFC or some SISU entity would they not have to start paying interest on new and existing debt ? Would an entertainment venue not be of...

Have to say I was expecting to see a formal valuation, which leads me to a couple of questions - The directors know the bond terms and I assume would take professional advice as to what/when valuation is required annually - the auditors surely have to consider the value of the Groups largest...

Last Southampton figures filed at Companies House Showed profit after tax £12m, (2014 £31m) - 2015 showed an exceptional item of £14m write down of player contracts and other contracts) Net current assets of £11m (2014 £ -6m) Net total assets £30m (2014 £12m) Turnover £110m (2014 £103m)...

a few months back when Warwick Uni announced their scheme sbw, I think at that point there had been no contact with CCFC. There was a thread on here at the time with a link It would seem to me to be a plausible way forward certainly Am wary of stuff like this there have been so many false...

Again good points CD I would add a couple of things - the joint venture between ACL & Compass - IEC Experience Ltd - is not party to any guarantee so its not all group companies under pinning the Bonds. IEC is the trading part of the Group covering the conferences, events, F&B, Hotel etc and...

Was speaking to someone today who suggested that Warwick University had included in their latest sports site plans an indoor 3g pitch. Apparently CCFC will be using it for the academy when built. Expected 2018 The last plans I saw of the Uni development didn't include such a construction...

Think you will find that Mr Fisher knew exactly what he was doing when he made the first public mention of the Trust "bid" at the SCG - knowing it would have to be minuted As for the CT - not sure they have any plan other than newspaper and internet clicks. They should seem to be throwing as...

Exactly my point Nick - TF answering questions introduce other things and you don't get his answers you don't get the focus on the club and its situation. Whats more important right now...... The Academy Being at the Ricoh BPA Players staying leaving The owners attitude CCFC finances the CCFC...

there should be no issue ..................... but the idea of the meeting is to question Fisher isn't it? There is no bid and the mechanics of a fans ownership is general principles are reasonably well known. The owner has said categorically that the club is not for sale there is nothing to...

TF is a skilled communicator - you might not believe or agree with what he says - but that doesn't change the fact he is quite at home in meetings with fans whether private or public. He is very experienced in such situations and unless someone like Stuart Linnell is hosting it then I am not...

True but they also lost a few in the summer - but I agree I see that cost as increasing

Question - what is the basis of ownership of the London training ground? are Wasps retaining it and if not is it a saleable asset?

I think he raises some good points CD Ticket incomes. There is no split in the 2016 financials but in 2015 accounts ticket sales were 12% of Turnover or 2.57m if they have increased by 19% that puts the 2016 figure at just over 3m. So someone is buying them. In 2015 CCFC ticket sales were 1.8m...

Further info from Wasps here https://secure.emincote.com/client/wasps/wasps002/files/Wasps_Results_Presentation_2015-16.pdf