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  1. chiefdave

    Higgs reason for sale to Wasps false pretences?

    CCC & Higgs repeatedly stated it was doing fantastically well without CCFC and was projected to do better and better. Convenient that Higgs decide to not have anything to do with sport anymore right after SISU suggest a joint venture community initiative. So everything Fisher says is untrue...
  2. chiefdave

    New David Conn article

    Exactly right. Why is nobody concerned that less than 10 years ago a 50 year lease cost £25m but a 200 year extension has been handed over for nothing. Surely that 200 years should have generated in the region of £100m for the city. We don't know as they refuse to say. We can guess and point...
  3. chiefdave

    Kirkland coming back!!'

    What's his fitness like these days, is he going to manage more than a handful of games without being out injured?
  4. chiefdave

    are we the only FL club not to be training on Christmas day?

    Professional athletes should have rest days so why not Xmas Day? It's not like if they come in that day they will all suddenly become Messi. Hardly think he's saying stay at home get pissed and eat as much as you want.
  5. chiefdave

    Wasps Sub Forum

    Well you think they wouldn't and I think they would, either way the point is did CCC and Higgs make that offer. If you think back to when Lucas made those statements there were no posts on here that SISU had better get a bid in or someone else would buy it. I seem to remember many people...
  6. chiefdave

    Fugazi

    Exactly right but it seems far to complicated for most people!
  7. chiefdave

    New Stadium Announcement

    I've already laid out the scenarios in which it makes sense and pointed out that it's not the only option as you can build, or at least Bournemouth did, a permanent 15K capacity stadium for under £10m.
  8. chiefdave

    New Stadium Announcement

    I agree. To me there's a big difference between building a 15K stadium and that's it for the next 100 years and having 15K now but being able to up it to say 25K before the start of next season if we got promotion.
  9. chiefdave

    Fugazi

    If, and it's a huge if, it was found that the loan to ACL was now state aid as ACL is privately owned it wouldn't matter how well Wasps are doing would it? A judge wouldn't go, well lets not worry about it, seems Wasps are doing OK.
  10. chiefdave

    Fugazi

    The theory was the loan from CCC to ACL was OK as CCC were protecting their own investment now. Only now they don't own ACL, it is owned by a hedge fund. I suppose the argument would be the council giving loans to a company owned by a hedge fund is very different to the council giving loans to a...
  11. chiefdave

    Fugazi

    I think that's one for the lawyers. Didn't the judge in the JR say it was OK as CCC were protecting their own investment, that wouldn't be the case now would it? Think that would need a whole new legal action launched so that's something to look forward to in the new year! Could be interesting...
  12. chiefdave

    New Stadium Announcement

    Do you not have an understanding of the word temporary? Why rush to build a 25-30K ground when we're getting 8K now and most people are here are saying they will boycott if any new ground is a cm over the city boundary? By having temporary structures, I would suggest just on 3 sides with a...
  13. chiefdave

    Fugazi

    Everyone be careful what you say. Mart seems obsessed with tax, I think he's from the inland revenue!
  14. chiefdave

    Fugazi

    Does it matter, if CCC loan ACL another £10m tomorrow will you then be saying Wasps have purchased ACL for £30m? Bingo, at last. Your house = ACL, an asset your own in your car = an asset ACL own in the lease. You took out a loan to buy your car, ACL took out a loan to buy a lease.
  15. chiefdave

    Fallen out of love after 62 years...

    Prize for post of the day.
  16. chiefdave

    Fugazi

    But from the sounds of things it's not the same loan so it wasn't already in place.
  17. chiefdave

    Fugazi

    We all know the answer to this, just look how everyone ripped into Hoffman when he offered £1.
  18. chiefdave

    Fugazi

    I'll try again. I buy you flat for £130K. While I'm there I like the look of your car and offer to buy it off you, turns out you owe £5K on your car loan and the car is worth £10K. I offer to pay you £5K for the car and make you a payment every month to cover the loan. Have I purchased your flat...
  19. chiefdave

    Fugazi

    I'm not talking about the taxman. Company A purchases a box making machine for £50m, the life span of the machine is 50 years. They fund this purchase with a loan where they have to pay back £1m a year. 10 years later the owners of company A sell it to to Acme for £5m. Company A will continue...
  20. chiefdave

    Fugazi

    No that's not what I said, I said if I paid £130K for your flat and took on your loan. You're now changing that to manipulate it to suit your point of view. If you're going to do that I will pay you £120K plus the loan as the flat is valued at £130K.
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