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:laugh: yes well that was the case ......... but then they took the manufactured & "historic" debt that didn't relate to Otium at all, transferred it in to the new company and turned it in to preference shares ......... so converting something that was nothing more than accounting trickery in my...

So was Byng aware of this new appointment as CEO? If he was you would have to ask why he should be ahead of the announcement

Pretty much agree with all that Grendel. The only thing I would add is that I don't think financially the owners had much choice but to bring CCFC back to the Ricoh. They clearly were not prepared to put more money in then or on going and the only way to get CCFC meaningful cash flow was to...

Don't separate the assets from the liabilities If someone took over CCFC as it stands then they might pay £1 for the ordinary share capital (ownership)because the overall company has no value to it at all. In fact the balance sheet value in the accounts of Otium is minus £70m+. Included in...

Taking the tweet at face value you would have to ask what the events are that are unfolding? or is it just SW leaving? Not sure him going is causing any particular panic - CCFC fans have become used to sharp bends in the road Really do not see Wasps selling all or any of their interest in the...

according to Simon G on the CT Waggott confirmed meeting with Armstrong to him yesterday.......... strange he is gone 24 hours later :thinking about: All Simons fault then :laugh:

Guess the meeting next week is cancelled then

Nice enough bloke and good to talk football with. Good luck to him. Bit sudden...... did something change? what about the meeting next week with Armstrong? Was just as much part of what went on as any other director in the last 4 years though Bad news is that the only director left is Fisher

How long is any stadium naming rights going to be for. Ricoh was 10 years wasn't it? At the moment we are only there till end of the season , which might get extended by 2 years. On what is what value does CCFC actually add to the naming rights for the whole complex? Unless CCFC commit to...

what only 15p ! will have to check the contract ...... kerrrrrching ! :laugh:

value still comes down to how successful the team is though. Do we know that CCFC don't get some sort of royalty now for use of their trademark?

The naming rights are not quite as simple at the Ricoh to many other grounds though. Part of the value is Wasps, part is CCFC (certainly) but part is also the other parts of the business there. It looks to me that the Wasps Group focus is looking to maximise the other parts of the business and...

That works both ways both ways though doesn't it. I am sure Wasps could say that but equally SISU could cry foul even if the deal were reasonable

bottom line ....... It would be good to have some clarity and certainty in which ever way we are heading, I wont hold my breath though

might not hold all the cards tony but they have a very good hand. CCFC hand really only gets stronger in terms of staying if the team is successful, challenging in L1 or better still safe in Championship. But there is the catch unless there is more income or further financial support sourced by...

So ...... Armstrong would like the football team to stay longer. No real surprise there then. Its, from a Wasps point of view, of benefit to have the stadium footfall as high as possible and a contribution at least to costs. What you would expect him to say? It seems it wasn't him who...

This was on the BBC rolling news site Ref locked in dressing room overnight Football Posted at 11:22 Trabzonspor president Ibrahim Ethem Haciosmanoglu and several members of his board have been given lengthy bans after a referee was locked in his dressing room at their stadium...

All raises so many questions doesn't it. When you think you have the answer to one question that answer raises half a dozen other questions. We do have one kind of valuation of ACL though. It had to be consolidated into the Wasps Group at the date of sale at fair value (under the accounting...

Found this Dave which seems to indicate s123 of the 1972 Local Government Act is not so clear. Don't think either of us would be surprised by that...