Search results

That's fair enough for the man on the street but journalists should be digging deeper and not just printing what they are told to print by Wasps. Lets give them the benefit of the doubt, this news raises a lot of questions to be asked of CCC, Higgs and Wasps, lets see if over the coming days...

Part of this loan is being used to pay the interest!

Saying Wasps moved a few times is like saying we moved from HR to the Ricoh. It's a million miles from moving from London to Coventry! And the interview with Richardson in the CT clearly stated Wasps moved purely and simply for financial reasons. We know they had other offers, offers that would...

I can see this being a repeat of Charlton away on the last day in 2008. We'll lose and be relying on others.

You've misunderstood my point. No one seriously expected there to be other offers for the Ricoh but if there were it was expected to come from an investment group not connected with CCFC. It certainly wasn't expected to be a rugby club from London. Yes SISU are an investment group but they are...

So basically the security is about as useful as an IOU from Joy.

I don't think I've ever had a business lease that has allowed me to transfer ownership of the lease without the freeholders permission. When I've sold a business with a lease I've had to get it signed off by the freeholder and if any of my businesses had gone bust it wouldn't have ended up in...

Surely even our council are not dumb enough to have forgotten to put a clause in the lease that should an insolvency event occur the lease reverts to the freeholder?

Maybe some of us believed that while the council were constantly telling us what a disgrace it was that CCFC had been ripped from the community and were playing in Northampton they wouldn't franchise in a team from London! The reality is CCFC should have been the only show in town. This was not...

Seems that way, so either you've got the house very very cheap or you're lying to the bank about how much it is worth when you're applying for your mortgage.

Didn't say it was a smoking gun did I? We know SISU like to drag everyone into court, we know councils and charities are required to get best value. Wasps paid less than £6m a few months later they're saying its been valued at £48m, seems to be a bit of a discrepancy there.

Very different to the reality though. Unless it was declared a free vote we all know legal technicalities don't come in to it. In fact I seem to recall there were suggestions it should be a free vote but it not happening.

When do the League 2 tour shirts go on sale?

Had a quick look, will give it a more thorough read tomorrow. First thoughts are that it raises some questions for CCC to answer. Hopefully the CT will spring into action. Just at first glance they need it be asked about the stated value against what they sold it for, the lack of security for...

If you were a potential investor alarm bells would ring straight away. They say they will pay back the bond in 5 years but need the cash to cover the running of ACL and Wasps for the next few years. Unless I'm missing something obvious (which is quite possible!) doesn't that require them to...

Every time we find out any new details the whole thing seems to stink more and more. What we're basically seeing now is CCC have sold ACL to a company that doesn't have the money to pay back the loan, doesn't have the money to run their own business and doesn't have the money to run ACL! This...

A co-operation agreement isn't the same thing as signing a contract. I don't see any evidence to suggest there has been any change to the rental deal that was in place prior to SISU's arrival, haven't seen anything in the accounts to suggest the rent had been lowered. In fact PWKH was very...

You must have that wrong Rusty ;) After all Richardson is a huge Wasps fan and definitely not interested in the money. And we've been told ACL is hugely profitable with massive increases in business so clearly they won't need money to cover losses by ACL and Wasps. What seems odd is Wasps must...

From what I was told they're a bit of a laughing stock at the moment but I would think bonds would be covered by regulations so they will need to back up what they have said. Fuel for another JR and / or investigation from the charity commission? Would it not follow if Wasps statements are true...

well if it's guaranteed then at some point you get your initial stake returned so at some point Wasps will need to generate profit of £35m to cover that over the term of the bond. If they don't have it they will need to either raise money on what they offered as security or ownership would pass...