Search results

Bollocks! I was just showing that Byng says for CCFC the City and the Ricoh - conveniently missing out that Wasps are playing at the Ricoh.......

sarcasm Grendel. You're getting slower in your old age.

that was sarcasm......

I thought it was the fairy god mother that turned draws into wins........

and Wasps???

The liability is with ACL and the creditor will have to take action to recover the debt.

I thought the council was the creditor and ACL the debtor.....

Yes. It's comes under operating costs - utilities ( I am not sure if that is the right term in English as my accounts are in German ).

If Wasps had paid off the loan in cash received from Barclay's Bank, they would have paid 5,54m plus 14m of ACL's liabilities. It would be clear cut. The council could say we have our loaned money back, 14m from ACL as part of the deal, plus 5,54m = 19,54m. Great. ACL would then pay Barclay's...

Does ACL have to pay the loan? If so, then Wasps don't get 14m of ACL income over the next 20 years, but the council gets 14m.

Yes, in this case it would be CCC protecting themselves and it is the bank or supplier in my example that wants me to guarantee myself in specitic contracts. I realise that the limited applies for others, but many companies ( suppliers or banks ) do this when there is no solid security in the...

That is not to say that there are no guarantees. The future income of Wasps is however reduced by 14m in servicing the loan from what would otherwise be profit. So, at the end of the day they pay 5,54 cash and sacrifice future profits to the tune of 14m spread over many years. They may also have...

It's getting exciting....we could get into Europe at this rate...

No, it's called spin as per Les Reid and Grendel.

Then the price is already discounted by the value of the outstanding loan. The true price is therefore the purchase price plus the loan. Otherwise why pay the loan back?