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What a reputation to have :sarcasm:

Dont worry the complex is worth £48million so they just sell it to pay the bondholders

Many? How does that work. The Arena shops,yes and local pubs but then who? It is a bit like the mantra around more students in the city centre bringing more money to local business. Only if you are Primark and Wetherspoons!

Was that when hell started to freeze over ?

Not as much as you!!

Oh what a glorious thing to be, A healthy grown up busy busy wasp, Whiling away The passing hours Pinching all the pollen From the cauliflow'rs. I'd like to be a busy little wasp, Being just as busy as a wasp can be, Flying round the garden Brightest ever seen, Taking back...

Well the whole thing has been an "act" that has been played out over about 2 years. I think it is called a tragicomedy!

It would appear the "Asset" multiplied in value at the point WASPS purchased it. Now if you sell me a piece a property at a reduced price and with preferential loan facilities you would think it would be easy to refinance in the normal funding market.For some reason it wasn't such do you know...

When "SISU" reorganised their Balance Sheet a large proportion of owner/investor loans were capitalised. This caused all forms of analysis in the CT and from the forum resident accountant and some cynical review. The financial reorganisation of this deal has led to the investor / owner being...

Why do you keep saying "I think" when you are "In the know" ? Perhaps you should explain how you are "In the know" - as if we didnt know?

The effect of forfeiture would be that the 250 year HeadLease would fall away and that ACL would then become the tenant of CCC at the Arena for the remaining 38 years of its existing lease http://www.londonstockexchange.com/prices-and-markets/retail-bonds/newrecent/was1-2022.htm Page 17 Now...

Ask him - https://twitter.com/gmkonline

Can we send donations ?

google - landlords rights on insolvency - might help ( remember laws and rules change )

Well if you in the nest ... sorry know ... do not have a full understanding of the structure we mortals never will!

Do they have the equivalent of a Queen Bee in a Wasp's nest?

As you seem to be at the centre of the hive - does this mean the lease has been granted to a company with no assets and no income?

It has to be a sale under value then unless WASPS can show, by them being there they bring the added value

It wont be just the rent - I am sure it is a full repair etc lease - imagine the Stadium in 10 years let alone 250 !

The receiver, liquidator may have rights to continue the lease for the purposes of either maintaining the business ( ACL) or to get the best possible value on sale. However, the purchaser still has to satisfy the Freeholder they are of good standing and suitable tenant. In the interim the...