Search results

you asked what they paid for it it was £6.5m they used the value of ACL (50m) to sell bonds in it. And loaded it with 35m debt. If anything using your analogy they re-mortgaged it. They didn’t pay the 35m back. So yeah they paid 6.5m thats what the judicial review was about - they paid 6.5m for...

But that wasn’t the question - Wasps bought a 250 year lease for 6.5m It was revalued at the time to be 50m, this is how they got the 35m bond

Didn’t have to - they paid 6.5m. They bought a company for 6.5m with a loan on it

Look on the SBT mythbusting page https://www.skybluestalk.co.uk/threads/myth-busting-facts-about-sisu-ricoh-ccc-etc-etc.97421/?amp=1 - The sale was two separate purchases of roughly £2.77m each. The cost of purchasing a company is the cost of purchasing the voting shares. - That put the sale...

Put it this way - I’ll start buying the King hype if McNally and Yates get over the line

I’d imagine if the McNally rumours are true you’d be looking at least another 2m for him

They paid 17m for assets out of administration. wasps paid 6.5 from a local authority

Wasps couldn’t run a piss up in a brewery - this is why they were destroyed, they did underpay for a 250 year lease

It was 2 arguments The 50 year lease - shit terms When the council extended it to a 250 year lease - they’d grossly underpaid

Him and Yates at the same time?

As I said earlier - Didn’t Gary Breen want to re-sign on £25k a week and we wouldn’t budge from £20k

Good point - suppose I’m forgetting the position changed since last season I.E King in for SISU

Valid point - forgot about that. The one year extension was very short sighted

Not really, we could demand the 20m - sporting say right, we’re out, then tell his agent there’s an extra £5m waiting if you don’t sign for anyone until January then sign a pre-contract agreement with them. we’re not in a position to throw offers like that away. You’re then left with a sulking...

Player throwing a wobbler with 1 year left is knocking the fee he is worth to us on a daily basis

Might have been the case, but he’s in the driving seat in this one. It’s up to us to tempt him

Didn’t we do this with Gary Breen - didn’t he want £25k and we wouldn’t budge on 20?… he then left

There’s obviously some merit to the prices given that most championship clubs have their boxes on offer for similar price - indeed you could level the same comments to Bristol who are similar size and offer their boxes for 50k plus, or Preston who again offer them at 25k as do Blackburn