Search results

  1. chiefdave

    Help, Anyone Got A Spare Ticket For Sunday????

    I think just football tickets and they added the Olympics when they were here. The get out is that you can resell them with the clubs permission so some of the big clubs have deals with the secondary sites and get a cut on the resold tickets. Bands do the same thing, in fact a good chunk of...
  2. chiefdave

    Help, Anyone Got A Spare Ticket For Sunday????

    Isnt it actually illegal to resell football tickets? Think it is but a blind eye is generally the rule if it's supporters getting shot of spares at face value.
  3. chiefdave

    Club aims to raise £35m from bond

    It doesn't really matter what the company structure was before does it? It matters what it is now as you're trying to raise £35m against it even though when you purchased it you didn't seem to think it was even worth £6m. The fact remains that the setup is designed to allow you to screw over...
  4. chiefdave

    Club aims to raise £35m from bond

    So you're admitting Wasps have set up non-trading company to hold the only asset of value so that in the event of problems you can further screw everyone by selling to anyone who happens to flash a bit of cash. Sounds very similar to the setup SISU had and were universally criticised for. Nice...
  5. chiefdave

    mowbray comments

    If you ever wonder why Pompey got in such a mess they will still flying to games and staying in 4 and 5 star hotels after they'd been relegated to L2!
  6. chiefdave

    mowbray comments

    We're allowed to paint the smaller changing room they moved us in to blue. There was a quote before, think it may have been Mowbray, that very pointedly said we could only put CCFC things in the CCFC changing room. This is where Wasps really take the piss and are totally disrespectful to CCFC...
  7. chiefdave

    mowbray comments

    Wasn't it the Mail that said last week he was leaving?
  8. chiefdave

    Changes to the Ricoh next season - Waggott

    Or they could have donated the cost of buying the wigs and still have a collection for charity.
  9. chiefdave

    Club aims to raise £35m from bond

    Could well be but would the charities commission not be slightly concerned at a charity selling a 50% share in an asset valued at £48.5m for less than £3m?
  10. chiefdave

    Joe Elliot: Even He Likes Wasps

    Oddly can't seem to spot the front page story about the Crawley game selling out.
  11. chiefdave

    Changes to the Ricoh next season - Waggott

    That'll be the new excuse next season. I'm not going again until I can sit facing south again.
  12. chiefdave

    Changes to the Ricoh next season - Waggott

    The next thing will be to decrease the number of blocks open. They need to keep both stands open as one side is all corporate and one side all fans. Not too hard to imagine this time next season we're talking about less blocks being available in the future.
  13. chiefdave

    Club aims to raise £35m from bond

    Which again raises questions for CCC and Higgs to answer. Why did they sell it for that price if its market value is over £40m as is now being claimed. Even if Wasps add value, which is debateable they certainly won't add that much value.
  14. chiefdave

    Club aims to raise £35m from bond

    I'm not convinced the valuation in the prospectus stands up to any scrutiny anyway. Given that they just purchased ACL and the lease extension for under £7m I'm struggling to see how its now worth enough to provide £35m security, let alone the amount they claim it has been valued at.
  15. chiefdave

    Club aims to raise £35m from bond

    Even if its paid upfront it would be unusual for ownership to be able to change without the permission of the freeholder and for it to fall into the hands of an administrator rather than revert to the freeholder in the event of an insolvency event.
  16. chiefdave

    Changes to the Ricoh next season - Waggott

    But what is really different at Arsenal. You get off the tube walk up to the ground and in you go? The only slight difference is that they have Arsenal branding on the approach to the ground (can't think of any other club that has that off the top of my head) and then club shops outside the...
  17. chiefdave

    Club aims to raise £35m from bond

    That would be very unusual . Every commercial lease I've ever had has reverted to the freeholder in the event of my company going into administration or any other insolvency event and has had restrictions preventing the lease being sold, even as part of the company the lease was initially sold...
  18. chiefdave

    Club aims to raise £35m from bond

    That's not what I mean. Maybe I'm not explaining it right. Lets say Wasps owned the freehold and the lease, I would say that was a much greater level of security than just owning the lease. I would expect the lease to revert to the freeholder should Wasps, for example, enter administration. How...
  19. chiefdave

    Club aims to raise £35m from bond

    If I read that the bond was secured against the Ricoh Arena I would assume ownership, I don't think I'm the only way that would think that. There's no way, if I was trying to raise funding against one of my businesses, I would say it was secured against the premises if all I had was a lease...
  20. chiefdave

    Changes to the Ricoh next season - Waggott

    I would assume they've looked at the number of season tickets in each location and made the decision based on that. They could open a smaller section behind the goals but that would mean opening up the stand and incurring the associated costs. Maybe you should ask them if you can be the guy sat...
Top