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  1. duffer

    ***Relegation Thread***

    If we end up on the same points, goal difference, and goals scored, then it comes down to our records against each other. That's one draw and one defeat against County, and we'd go down. And to answer your second question - yes. :)
  2. duffer

    Club aims to raise £35m from bond

    Again, commercial leases are nothing like buying a flat. There are all sorts of clauses around what happens in the case of insolvency, and the right to transfer (sell, if you prefer) to third-parties. If ACL goes tits up, the lease reverts to CCC - if you go broke you can sell your flat. Big...
  3. duffer

    ***Relegation Thread***

    What I saw at the Ricoh was a team that was disorganised at the back, and didn't seem to have a clue how to score going forward. The goalie in particular was all over the place when put under pressure. And I'm talking about Crewe here, btw, and we lost 1-3 to them! Mowbray's got some serious...
  4. duffer

    Club aims to raise £35m from bond

    They plod on, I guess. Just with some serious questions about how good their business model really is. It raises the sort of questions the council should've asked before getting into bed with them, perhaps.
  5. duffer

    Club aims to raise £35m from bond

    6.5% with no security against a company who have very nearly gone to the wall once, and are currently reliant on the whim of an individual owner to survive, isn't high enough for me. I note the original page is down at the moment - http://www.wasps.co.uk/the-club/bonds - insert own conspiracy...
  6. duffer

    Club aims to raise £35m from bond

    In fairness, I can see that you've accepted that you don't think it's a great investment. However Wasps are committed to paying 6.5% interest a year on the bonds - £2.3m every year if the whole offering is taken, just to service the debt. Given they haven't turned a profit yet and have relied...
  7. duffer

    Club aims to raise £35m from bond

    These are commercial leases, not residential ones. Different rules apply - you can't sell a commercial lease to another third party in the way that you sell a flat. Typically, if the company holding the lease becomes insolvent, the lease reverts to the freeholder. In other words, if you're a...
  8. duffer

    Club aims to raise £35m from bond

    If ACL go bust, I would imagine the leasehold reverts to the Council whether or not the loan is paid. That's the standard process with commercial leases. As you've said, the bond is a poor deal. If it doesn't come off you have to wonder how much of a risk Wasps are to the Council's £14.4m.
  9. duffer

    Club aims to raise £35m from bond

    Which is about as likely as 17,500 investors at £2,000.
  10. duffer

    Club aims to raise £35m from bond

    C'mon Noggin - there is absolutely no comparison here. The UK is a sovereign state capable of printing its own money, and borrowing further funds at very low rates. There's little to no risk in government backed Gilts, which is why pretty much every western economy runs this way. The...
  11. duffer

    Club aims to raise £35m from bond

    £35m at £2,000 each would require 17,500 investors. That's a bit of a stretch, I'd say. I know there are a fair number of people who are happy to go and watch Wasps for free, or even for £15 a ticket - but asking people to put their hands in their pockets for £2,000 might be going a bit far...
  12. duffer

    15th Biggest Club in England*

    Bloody hell, we've finally won something and there are still people here complaining. :)
  13. duffer

    State Aid...

    Regardless of all of the ACL/SISU/CCC opinions, I hope West Ham fans don't end up in the same boat as us, wishing they'd never left their home...
  14. duffer

    State Aid...

    I think you're missing the point here Noggin - as I understand it the second JR (if it happens) will be about the sale of ACL to Wasps, and whether it's appropriate to continue the loan to ACL with Wasps effectively as the guarantor, and CCC having no commercial interest remaining. Without a...
  15. duffer

    State Aid...

    I'm not quite sure the Judge used those terms, but he certainly said the council had a right to protect their commercial interests. Funnily enough though, having sold their stake in ACL to Wasps I don't think that argument is quite as strong if there's another JR about that deal and the...
  16. duffer

    Bristol City club shop..

    Possibly, CRFC will finish third in the division this time around (iirc). It's a hard league to get out of though, and only one team goes up. Average attendances are up significantly this year (on the back of a successful season, rather than the "Wasps effect" I suspect), and if CRFC can hang...
  17. duffer

    Season ticket sales drive from SISU

    It would be nice if we could sign a moderately exciting player or two, too - though I appreciate this isn't easy in the early close season. I suppose the upside of having a rather average squad is that there really isn't anyone I'd worry about selling the week after the early bird discount...
  18. duffer

    Wasps owner rules out allowing CCFC to have a stake in ACL as well as buying the...

    There isn't a partnership to be had in ACL. Wasps have just confirmed that. Read the article. Can we stop bloody pretending that there was, just to justify supporting them moving here. I'm confused as to why anyone would want a long term rent deal locking the club out of any chance of...
  19. duffer

    Wasps owner rules out allowing CCFC to have a stake in ACL as well as buying the...

    What about if you were loaded and owned Wasps and ACL? I'm sure if you offered Wasps £100 million, they might change their minds. Ditto SISU. That doesn't alter the fact that it was a load of bollocks saying that all that SISU need to do is talk to Wasps to get a deal. Kind of awkward for...
  20. duffer

    Wasps owner rules out allowing CCFC to have a stake in ACL as well as buying the...

    Perhaps we're reading this differently Otis, because this is the line that jumps out at me... “The ownership is as it is. That’s the way it’s going to stay.” Happy, as ever, to agree to differ - appreciate you're offering an honest opinion here, but I can't see this as anything but negative...
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