Search results

The Yorkshire Bank loan was at a rate of 1.265% above Libor but they also hedged the interest rate so it is not a straightforward calculation. Overall it looks like the rate was something like 6.6% (done by taking interest as a percentage of the average loan outstanding) but that's very rough...

so looking at that (ball park figures) the original deal at 5% over 41 years earnt CCC 19.5m over the term (repayment at 827k pa) To achieve that over 20 yrs and taking in to account the initial £1m down payment equates to an interest APR 11.35% (repayment 1.7m pa). To achieve 19.5m interest...

Couple of other bits of info The CCC year end is 31/03/2015. The last accounts were signed dated 25 September. So do not expect anything this side of the 07/07/15 court case in terms of the annual audit. Copies of the 2014 accounts are at the following link and give an indication as to the...

“Facts are stubborn things, but statistics are pliable.” ― Mark Twain

Hopefully this will clear a few things up The CCC statement refers to the scrutiny that the auditors of CCC will put the deal under during the course of the annual audit. This is not special attention or a specific examination of the deal but part of the work that any auditor would have do for...

It is a little more detail of what went on who was involved etc. An element of transparency on the decision making process The examination by the auditors was always going to happen had they sold to Wasps or SISU. Indeed given the high profile element to it the auditors would have had to...

makes not a haputh of difference to me one way or another keep taking the medicine, in fact double the dose because it clearly isn't working :facepalm:

That is very creepy hill83 but have to say one of your best

So as part of the normal annual audit process the sale will be examined by the auditors. No real surprise there it would form part of their audit risk assessment and be well above any level of materiality for audit testing. To understand it they would need and have right to all associated...

One other point The Coventry Observer states that support for the inquiry has come from the SCG. Has it? When was that need to support discussed and approved? The Trust are members of the SCG are they not? Who confirmed that support?

Just seems to be a repeating again and yet again of the original article. Is the thought sticking in the public psyche? haven't found much evidence of it myself - most people are sick and tired of it all is what I have found, with a fair number moving on from it. See no evidence of a ground...

23 home games in season first two this season were at Sixfields so this season 21 And agreed it is all conjecture and opinion. Just giving another angle that's all. I suspect that SISU have "parked " CCFC and their game plan has nothing to do with football but that's just an opinion too :)...

How do you know they haven't?

Agree with much of that Godiva but can I add a (3) Wasps/ACL lose money on the deal, crowds continue to head south for CCFC and Wasps/ACL find a way to ease CCFC out after 4 years or maybe even 2 years. The thing is I do not think Wasps/ACL are making a lot out of it now - I think it is that...

So the SMCP calculation provides a budget and is set based on turnover including player sales and the deduction of certain costs but doesn't apply to all players and definitely does not provide 60p in every £ received to the manager It is monitored half yearly but so long as anyone breaking the...

Sadly SISU will simply ignore this and the Preservation SB campaigns. They will not walk away or sell until they are good and ready. Clearly they are still fixed on legal action. That legal action now names both SBS&L and Otium Ent Group as injured parties - ie the club - so until that gets...

I think the team needs all the support we can give it. Right now we are in a relegation scrap and we need to help get them out of it. I assume from the signings he has made that he intends to change our style again and go out all guns blazing (not saying that will happen just with a 30 man...

Pennington to end of season?

whilst this kind of table can be said to be flawed in its calculation, like any league table it does provide an indicator of sorts (shouldn't be taken in isolation though). Should SP really be in the bottom 12 given the budgets and players he has had available? - I would not have thought so

That would involve the FL growing some and providing some rules/regulations that they stick to, that do not have the words " at the discretion of " after every other line of those regulations Sorry but I have no faith whatsoever in that ever happening