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They wouldn’t have paid it if they didn’t have to. ACL was sold with the debt.

We’re not talking about the bond. We’re talking about the £14m that ACL owed to CCC

That clearing the debt in ACL increased its value

Right do to clarify how you think things happened: 2013 - CCC loan ACL £14m to pay off Yorkshire Bank. Loan to be repaid to CCC over 50 years. 2014 - Wasps buy ACL, but have no responsibility for ACL debt. However Wasps decide to take on that debt anyway. Why on Earth would Wasps take on...

But they still would’ve been paying it, just over a longer period. And it was still a debt that existed

The debt was part of the purchase. The deal was Wasps pay the £6m, and then repay to the council the £14m loan over the agreed time period.

You said there was no debt, and said I was talking nonsense for suggesting there was. Yet there blatantly was debt

So Wasps gave the council £14m out of the goodness of its heart? https://www.coventrytelegraph.net/news/wasps-rfc-pay-134million-ricoh-9248558.amp

ACL was £20m in debt to the council. If you recall the council bailed out ACL in 2013 when it couldn’t repay its debt to Yorkshire Bank.

Well let’s go along with that for a minute then. Fisher said he wouldn’t have bought the ground on those terms. So he wanted to pay less than £6m for it??

They used the loan to clear the debt

That’s like saying you can buy a house for £10k Yes you’ll have £200k mortgage, but you’ve bought a house with £10k

You’re not including the debt in that

Wasps didn’t pay £6.5m If they did they would still exist now!

So presumably Frasers underpaid as well?

The fact that it basically destroyed Wasps suggests they didn’t underpay

So Fishers initial comments were wrong then?

Yeah but that is where Fisher made a tit of himself. When Wasps bought the ground he said like a sulky child that he wouldn’t want the ground under those terms. Next minute he’s claiming Wasps underpaid. Both those statements couldn’t be correct

When taking on a public body like the council, the key is to get the public on side. Sisu however decided to piss off the public first, and then try and take on the council. How that hedge fund stays in business is beyond me. They clearly have no idea how basic human psychology works.

We’re probably paying more than £1.2m now anyway and if we hadn’t bust ACL then there never would’ve been a Wasps or Frasers.