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I think it’s £60m - and that is leaving any assets (player contract values, training ground, toilet rolls, golden share) in the business and handing over the keys as it were. I think SISU get out of jail and tidy their books and historic losses for that. Grendel suggests much less. OSB - I’m...

I have a feeling that Joy might have a different view on those losses never being recovered.

I didn’t think it was that straightforward. Thought pre-admin SISU had blown £30m of real money and parked £30m of GR debt somehow and had to convert to shares to get the Golden Share? They didn’t write off their original £30m and swerved it around their funds and still need it to balance off...

What about that Green King or whatever stadium in Hinckley. Anyone significant using that?

The Pope?

And in any case, back in 2017 when the playing squad was worth a box of Celebrations without any Bountys (Bounties? - tricky with brands to get the right grammar, anyway) just relegated to L2, debt to revenue ratio of 10 times or whatever….. We’ve come a long way.

So anyway, what do we think SISU need to let go? There must be a wiped face figure that doesn’t create a ripple in their set up. Is £60m far off?

What are the players and other assets worth? £30m. I’m going to hedge that £30m buys 51%, the other 49% could stay with SISU with interest until PL promotion.

Just going back to what we thought SISU needed to walk away, I dug out this old chart from Swiss Ramble. It looks plausible and since then (2021) I think SISU put in another £5m Is that £57m of debt? (Gross) and then there’ll be another £2m of “interest”. I waffled before about CCFC being...

Not sure, so I’ll ask. Are you a Tory supporter - I’ve no idea.

That is true. Bottom line is that any interest penalties from HMRC can be less than going over overdraft penalties so some use TTP as a flexible cash flow from time to time.

Mickey Adams has stated: “Mickey Adams is not the preferred bidder for the Arena”

I’d like to think that at the time of signing the lease, Wasps had most certainly begun to feel the pinch and forecast the problems that they had ahead. Getting CCFC back in, the CBS naming rights and the revenue that that could bring was important to Wasps. It would also most likely have been...

Most of the posters on here when they realise their post is number 10001

Ranson did a proper number on Joy. Punted his “model” to Soton and others then got CCFC. Got her to spend 7m on club then “22m” (Source: Fisher) on players and high wages etc. Joy thought that we had £22m )or whatever) worth of assets. Didn’t understand contract rundown. £3m or whatever...

Inside knowledge of an offer or a guess?

Donald Trump Oh hang on. Wrong forum

Security of tenure. Landlord must offer equivalent terms or go to arbitration (like a tribunal) Squatters rights for business if you like.

And this is where commercial rent arbitration kicks in. It’ll be hard, but not impossible to put the rent up or refuse new terms. You can’t just kick à tenant out if they’ve paid rent on time on a long term lease. Even when it expires.

Ok. At the end of 10 years the landlord asked for double. Ave house price 2012 Jan = £165k Ave house price 2022 Jan = £274k (Source:Statista) Commercial property increased more I believe. Rents rise in line. Other factors. I’m not sure I’m getting your point?