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  1. chiefdave

    Court Case Thread! June 2018

    What loan? We're talking about if Wasps go bust now, the loan is already repaid and I couldn't care less about bondholders losing money. Lease reverts to the council with a chance to do things properly this time and sell a long lease or freehold without the purchaser needing to be in tens of...
  2. chiefdave

    No Away Season Tickets because of GDPR

    Doesn't seem to apply in the Championship, just had a look at Villa and they've scrapped theirs as well. The replacement is you pay £40 to get access to a priority booking.
  3. chiefdave

    Court Case Thread! June 2018

    IMO a SISU win would mean we get rid of them quicker so that would be the preference. The valuations Wasps have had done for the bonds state that they are reliant on information supplied by Wasps, we know from the issues with their accounts how accurate that is. Wasps did seem to be too...
  4. chiefdave

    Incoming !!! Dujon Sterling

    Robins getting business done early. At this rate we'll have pretty much the full squad ready for the first day of training let alone the first match.
  5. chiefdave

    The EU: In, out, shake it all about....

    I think you'd struggle to find any non-German in Europe who wasn't happy they lost and got knocked out. Doesn't make it racist. They are a rival and the vast majority of football supporters want their rivals to fail, especially when its someone who has historically done well. And it means an...
  6. chiefdave

    Poll: How long will Trump be President?

    #TrumpHotels
  7. chiefdave

    Court Case Thread! June 2018

    No judgement today but not back in court tomorrow? Does that mean the judges don't think its an open and shut case and want to dig deeper in to the documents provided?
  8. chiefdave

    Court Case Thread! June 2018

    How is it a theory? The court case is over the amount Wasps paid, there exists an independent valuation for that. Surely if that valuation shows the price you paid was in line with the valuation you put that in front of the judge and its case closed. If those that had the valuation carried...
  9. chiefdave

    Court Case Thread! June 2018

    But on the open market what has greater value, ACL with a 38 lease or ACL with a 250 year lease?
  10. chiefdave

    Court Case Thread! June 2018

    That's my thinking. If the valuation backed up the sale price they would get it in front of the judge ASAP. Once you've got an independent valuation giving a price at or lower than the sale price SISUs case collapses. Which then makes you wonder why they don't want to provide that valuation...
  11. chiefdave

    Court Case Thread! June 2018

    The fact that Wasps purchased ACL and that some of the valuations we know of, particularly those used by Wasps for the bond are just for the lease is understood by pretty much everyone isn't it? Its just shorthand that people don't explicitly state it every time they are talking about...
  12. chiefdave

    Court Case Thread! June 2018

    Theres at least one valuation from prior to the sale that Wasps have refused to provide. You'd think one of the first things that would be asked for by the judge is to have all the valuations that were done prior to or after the transaction to be made available to them so they can see exactly...
  13. chiefdave

    Court Case Thread! June 2018

    The whole reason this is back in court is because the judge that put this through to appeal said they were linked but the previous judge had viewed them as separate.
  14. chiefdave

    Court Case Thread! June 2018

    This is the biggest thing for me. The council have a duty to the taxpayer and at the end of the day, no matter what ruling is made, they haven't carried out that duty. Would there have been others interested leading to a greater sale price? We'll never know but it certainly wouldn't have made it...
  15. chiefdave

    Court Case Thread! June 2018

    The stadium was not unused when it was sold.
  16. chiefdave

    Court Case Thread! June 2018

    Exactly so its a nonsense for CCC to say there was no way it was possible for them to sell ACL with a 250 year lease.
  17. chiefdave

    Court Case Thread! June 2018

    Can you provide a link as google isn't showing any such formula for commercial properties. Are you referring to the Leasehold Reform Act which gives the tenants of houses, in certain situations, the right to a 50 year extension?
  18. chiefdave

    Court Case Thread! June 2018

    It will be for housing. It has been applied in the past to offices that were formally houses but I don't think there's any examples of it applying to football stadiums. There is a right to extension on a commercial lease but its common practice to exclude it in the lease. Hence you see so may...
  19. chiefdave

    Court Case Thread! June 2018

    Even the council wouldn't be stupid enough to lease a stadium out without excluding the right to renewal. How have you worked out Wasps have paid top amount? The lease extension works out to £5K a year.
  20. chiefdave

    The EU: In, out, shake it all about....

    The whole system needs a massive overhaul. Get rid of career politicians and those only interested in helping their rich mates in return for 7 figure salary jobs that don't involve any actual work. In fact everything about our political system needs scrapping and starting again. Make every vote...
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