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  1. O

    Wasps

    They still claiming Commercial Confidentiality !!
  2. O

    Wasps

    Are you sure they got it wrong???? Let us see the full WASPS deal before we judge. Except of course only being a Coventry tax payer I am not allowed to know!
  3. O

    Wasps

    "True Colours" ?? abandoned their London home and moved 70 miles "Minutes"??? They have been lurking for about 2 years Didn't have to "pussy foot" CCC were desperate to get anyone in except SISU and have put it in a cat bowl for them
  4. O

    City Won Cov Won Wasps smashed

    I went to Sixfields to watch my team play - couldnt give a flying **** what other people did, that was their choice
  5. O

    Wasps

    I am still waiting for confirmation they have paid anything yet for what they have "bought" let alone what they might buy
  6. O

    Wasps

    WASPS working on a match average per season of 20000 (paying) tickets and 1500 covers in the restaurant etc
  7. O

    All gone quiet over there !!!!

  8. O

    Wasps

    You are missing the point - usually you sell something and pocket the money. Somebody else provides the funds eg a Bank or Finance House on commercial terms. CCC is not a Bank of convenience to private companies/ hedge funds - or should not be. CCC has handed over the Ricoh and their shares to...
  9. O

    Wasps

    I think I said the security is only of any use if it at least has the same value as the outstanding loan ( plus outstanding interest ) So is the lease worth £20m as that is what "WASPS" in what ever guise are paying. I personally do not think so but what do I know? I also said CCC should...
  10. O

    help buying kids CCFC kit

    write to this chap with your problem [email protected]
  11. O

    City Won Cov Won Wasps smashed

    Rugby Club won eighth in a row too
  12. O

    Wasps

    The security is only as good as the value of the asset - so is the lease worth £20m ?
  13. O

    Wasps

    Originally Posted by martcov So, if the lender is CCC, they will have a charge over the 250 year lease. If Wasps default, the lease reverts to CCC - is that correct? Doubt it. ACL will have the payments to make not wasps and if they go into administration then it...
  14. O

    Wasps

    If there is a charge it will appear at Companies House against the borrower Company - I assume ACL However I hope the Council also have a guarantee from the Parent Company - whoever / wherever they are
  15. O

    Wasps

    Have WASPS actually paid for anything yet? They were still scratting around for funders when last heard
  16. O

    ACL board

    Ermmm where have you been :-)
  17. O

    Question about the Ricoh/ACL

    No the shares in ACL have been sold for c£6m for which WASPS get a long lease and a £13m debt If ACL goes bust the property will revert to CCC with the loan money lost. In effect the £13m instead of being a sum recouped against the cost of building the stadium is added back
  18. O

    Some more Ricoh questions

    Slightly more than the £20m debt WASPS have taken on
  19. O

    A Possible Ground Solution

    How is it growing and with whom/what and where ?
  20. O

    Pressley been sacked???

    Did Lorna Bailey read from her prepared script?
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