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after all that has gone on it will need to see more than words or newspaper headlines. Substantial building works might begin to swing it.

You would have to say that for many fans he doesn't actually "get it". It has gone past frustration. It is more like disbelieving untrusting apathy towards the new ground, club and owners.

I think you have to look at a number of things to look at the value. What you can not do is pick out certain items and ignore others. What we actually know the day before the deal was done what was the situation ACL had a loan for £14m but an overall positive balance sheet per the published...

Which Company has done that. A quick perusal of Companies House doesnt show such a charge in the downloadable information ACL - no Arena Coventry 2006 - no London Wasps Holdings - no Canmango - no there are charges dated ACL and ACL 2006 dated May 2013 listed Similarly there are...

If we are being realistic then....... If the house is sold unencumbered by a mortgage then you exchange £10 cash for £10 freehold/leasehold house debit Fixed assets credit cash If the house has 100%(or less) mortgage on it then under terms of any mortgage I have seen the charge stipulates...

this is only a personal opinion but I doubt it ....... I think it was just spin to deflect attention and make sure it was someone elses fault that he/they messed up CCC already have a charge over all ACL assets and the lease reverts to them on default

you would have to ask him that wingy. There would be a risk but if no guarantees given by the shareholders the only financial risk would be the amount you actually paid for the shares.

The ltd bit is still there you only act as guarantor to a specific liability of that company eg the bank. You are still "protected " by limited liability in respect of other creditors etc

they werent

no because profitability will only be reduced by the interest element not the whole payment. What will be reduced by both interest and capital is the cashflow. Still does not change that it is ACL not Wasps that is liable to pay the loan. Wasps could simply let ACL go bust and unless there are...

The loan was part of the valuation of ACL however it was not part of the purchase consideration. The loan cost Wasps nothing. The only thing they have and will pay out for is the shares. The loan was an existing liability of ACL and contributed to how the parties involved arrived at the 5.54m...

No idea it depends why there was no loan The reason the loan didn't have to be repaid is that there was a legal contract in place that was being met by ACL

Ok basic company law a limited company is a separate legal entity. It doesn't matter if it is a stand alone entity or a member of a group. In the eyes of the law each company is individual and its assets and liabilities belong to it. SISU relied on this fact when liquidating CCFC Ltd When...

I think Grendel is referring to the valuation placed on it by the council and ainsworth at 19m. Pretty certain Grendel understands that the amount actually paid includes an assessment of all ACL assets and liabilities. I think people are talking cross purposes on a lot of this

not saying it isn't relevant ...... but it is relevant to how the price was set it is not an add on to valuation. If wasps sold ACL tomorrow then ACL would still have the loan and the sale price would reflect that

if they paid 5.54m to buy the shares it would be 5.54m .... it works either way.

no it wouldn't. The whole point of a limited company is to limit the liability to the amount paid on the shares. If they are fully paid then there is no further liability. The only other actions are if directors have acted improperly or illegally in which case they could be held liable for...

sorry but that is quite wrong in terms of what Wasps bought. The loan already existed, the need to repay already existed....... in ACL. That hasn't changed and it will be the operations of ACL not Wasps that repay the loan. Part of the reason that the value of 5.5m was paid is because it...

except a promotion is over a full season not 10 games ........... admittedly clean sheets are important and form a defensive basis but promotion means winning games. The defensive "stability" has been achieved by being impotent at the other end of the pitch. Also not entirely convinced of this...

so just over 5 months before we move on to the next legal case whatever the decision 07/07/15.......... in the meantime the club fades a little more each day ...... great :mad: