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  1. 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...
  2. 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...
  3. 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...
  4. chiefdave

    Fugazi

    Everyone be careful what you say. Mart seems obsessed with tax, I think he's from the inland revenue!
  5. 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.
  6. chiefdave

    Fallen out of love after 62 years...

    Prize for post of the day.
  7. chiefdave

    Fugazi

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

    Fugazi

    We all know the answer to this, just look how everyone ripped into Hoffman when he offered £1.
  9. 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...
  10. 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...
  11. 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.
  12. chiefdave

    Trust!

    I've heard the wages are great :)
  13. chiefdave

    Fallen out of love after 62 years...

    Isn't the JSB stuff run by volunteers out of their own pocket (or fundraising) not the club? Don't get me wrong it's fantastic they do it but it is absolutely correct that we are losing fans. Some may return, some won't. My Dad had been going for 60 years prior to the Sixfields move, now half...
  14. chiefdave

    Fugazi

    So on the deeds it would say I'd paid you £140K?
  15. chiefdave

    Trust!

    I'm thinking of a career change. You never know could end up working with Grendel!
  16. chiefdave

    Fugazi

    Look at it another way, instead of taking the initial YB loan ACL had the option to pay yearly for the lease, I think it was £1m a year. If they had taken that option and with Wasps having 250 years left to go on the lease would you say they had paid CCC £255.4m?
  17. chiefdave

    Fugazi

    That's not really the same thing even if you ignore the fact that the bank could have taken your flat off you if you hadn't paid them! A better analogy is this, you purchase your flat for £130K. You then take out a loan of £15K to renovate. You then sell the flat to me, I say I will pay the...
  18. chiefdave

    Anyone Going To The JSB Christmas Party Later?

    So it was you that upset him then!
  19. chiefdave

    Fallen out of love after 62 years...

    To be honest I find that increasingly difficult. With the revolving door of players it's hard to feel any real attachment. I know players have always left but at least we'd get a few years out of them.
  20. chiefdave

    Fallen out of love after 62 years...

    I feel similar, it's not now fun. It requires a concerted effort on my part to stay interested. The easiest thing to do would be to walk away and be one of those fans who just checks the scores and turns up when we draw a big team.
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