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Maybe they leverage the buyout on ACL and then become a creditor with more ability to control the bidding. I don't know I'm just trying to work it out.

No you're misreading what I'm trying to get across. Wasps have nothing to do with this. If they wanted to play at the arena they'd have to offer a rental deal to the new owner and they'd be mad to given that nobody gives a shit about them here.

Always wondered why it's sealed bids and not playing them against one another to get the best price.

The bond is on the stadium though, anybody could buy ACL for a price Richardson deems acceptable, refinance the bond and take ownership without Wasps having the slightest to do with it. The question that arises with me is not just the bond but the other £40m or whatever it is attached to it...

Maybe control of administrator or something, that's a question for someone else but it's the way I'm reading it. Someone with the money of Ashley or the people that run the NEC aren't stupid with their £s so will be looking at how to make it work best for them.

He can, ACL isn't in admin, whoever buys it will be responsible for dealing with debt.

It is a proper pain in the ass. The idea of attaching all that extra stuff was to generate additional revenue for the club and we've ended up in a situation where the club is continually shafted in favour of the additions. If we had a bowl like Leicester, Saints etc. we wouldn't have had half...

There will be three way negotiations Buyer - Richardson - Administrator The buyer will be offering a figure to take ACL off Richardson and he will take the money and run, this is why he reappointed himself director recently. They will also be offering the administrator a pre-pack to pay % in...

Yeah I agree, he's upped his bid for the club by a million to get them to drop out of the arena race or something.

Ashley will have a deal agreed with Sisu to buy the club if he acquires the arena, I'm certain of that. Sisu seemingly dropping out also points to that in my opinion. NEC can piss off but even if that worse case scenario happens we aren't renting from Wasps.

What I mean is there is a deal to buy the rugby club out of admin, they will have cherry picked what they want and almost certainly wouldn't have bought that.

Here we go...... Fuck all has changed

That obligation was most likely dissolved in admin

Rumours of a loan deal. Jackett has really done a number on Robins here. Proper manager.

T The councourse is proper shocking for a new build. It's like they calculated the size of a person standing and just put that in, no room to move at all. Ashton Gate's redevelopment is amazing in the home end concourses, loads of room to move about, tables to put your drinks on, food and...

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I'd be astounded if the bondholders got £35m back. They have had something like 47% of their initial paid in interest though so if they got anything close to 50% I suppose they'd take that as a win given the circumstances.

Mad that the story is the Home Secretary is a horrible bigot and not there was a terrorist attack on a processing centre.

Nah, always keep eyes on the fucking pervert.