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  1. chiefdave

    Court Case Thread! June 2018

    The stadium was not unused when it was sold.
  2. chiefdave

    Court Case Thread! June 2018

    Exactly so its a nonsense for CCC to say there was no way it was possible for them to sell ACL with a 250 year lease.
  3. chiefdave

    Court Case Thread! June 2018

    Can you provide a link as google isn't showing any such formula for commercial properties. Are you referring to the Leasehold Reform Act which gives the tenants of houses, in certain situations, the right to a 50 year extension?
  4. chiefdave

    Court Case Thread! June 2018

    It will be for housing. It has been applied in the past to offices that were formally houses but I don't think there's any examples of it applying to football stadiums. There is a right to extension on a commercial lease but its common practice to exclude it in the lease. Hence you see so may...
  5. chiefdave

    Court Case Thread! June 2018

    Even the council wouldn't be stupid enough to lease a stadium out without excluding the right to renewal. How have you worked out Wasps have paid top amount? The lease extension works out to £5K a year.
  6. chiefdave

    The EU: In, out, shake it all about....

    The whole system needs a massive overhaul. Get rid of career politicians and those only interested in helping their rich mates in return for 7 figure salary jobs that don't involve any actual work. In fact everything about our political system needs scrapping and starting again. Make every vote...
  7. chiefdave

    Court Case Thread! June 2018

    As far as I know there was no reason, it was just the way it was decided between Wasps, CCC and Higgs. There was zero chance Wasps purchased the council share not knowing if they would be able to purchase the Higgs share. Equally there was zero chance Higgs would accept our bid for their 50%.
  8. chiefdave

    The EU: In, out, shake it all about....

    You're not seriously suggesting that May and her cronies are going to run the next general election campaign on a remain platform?
  9. chiefdave

    Court Case Thread! June 2018

    Is the judge going to question anything at any point or just allow the lawyers to come out with rubbish like this. Unless someone can explain otherwise there is no reason CCC couldn't have sold the lease extension to ACL while it was under CCC & Higgs ownership. That would have a) made it...
  10. chiefdave

    Abu Ogogo

    3 years and no silly haircut? Doesn’t seem to fit in with our strategy.
  11. chiefdave

    Abu Ogogo

    Who do we owe apart from our owners and related companies?
  12. chiefdave

    Court Case Thread! June 2018

    Irrespective of that it can't be claimed Wasps paid a low price as the stadium was stood empty when at the time it was sold we had already come back.
  13. chiefdave

    Court Case Thread! June 2018

    We were repeatedly assured by the council it was doing just fine when we weren't there. And at the point at which ACL was sold to Wasps we were playing there. If you recall the council made a big deal about repairing the relationship and building trust so we could potentially achieve stadium...
  14. chiefdave

    The EU: In, out, shake it all about....

    That's not how it would go. If Labour ran a campaign that included a manifesto pledge to either not leave the EU or at least have another referendum and Labour then lost that election it would be held up as proof the result of the original referendum was valid and that was what the electorate...
  15. chiefdave

    Court Case Thread! June 2018

    The whole reason this is still going on and wasn't thrown out last year is because the judge ruled that the decision wasn't sound as it considered the sale of ACL and lease extension as two separate transactions instead of one. Think these judges need to start talking to each other or we'll...
  16. chiefdave

    Court Case Thread! June 2018

    Are you suggesting it would have been impossible for the council to increase the loan to ACL by £1m?
  17. chiefdave

    Court Case Thread! June 2018

    Strutt & Parker did a valuation prior to the sale which Wasps and the council have refused to release. I think its fair to say they wouldn't refuse to release it were it to back up their argument so its a fair assumption that valuation in some way mentions the increase in value with the lease...
  18. chiefdave

    Court Case Thread! June 2018

    Yes and the court order from Lord Justice Irwin granting the appeal said the issue with the initial ruling was that they had been considered as two separate transactions for the purposes of valuation rather than one.
  19. chiefdave

    Court Case Thread! June 2018

    Why would Higgs have put any more money in? It would have been ACL buying the lease extension not Higgs.
  20. chiefdave

    The EU: In, out, shake it all about....

    There's another issue. If you have Conservative as leave and Labour as main then the next election result would be viewed as a statement on Brexit. Should Labour not win it adds weight to the leave argument that they are carrying out the wishes of the electorate.
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