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Upgraded in value by £4m, plus CVC money helped their accounting position no end. Breakeven for 6 months?

Where would the money come from? Unless they can persuade existing investors to stump up more cash.

I think that is the value the only potential buyer, the PRL, has to pay.

Not sure about that as the only possible purchaser is the PRL.

I think that is what PRL would have to pay to get the back, They were magically updated in value to about £13m in a recent set of accounts.

Because they have a legal mortgage over the arena, they will get back the residue of whatever that is sold for minus tye administration costs,

Bondholders also have a claim on funds received for the P share - £9m or so.

None of their own money, even used the bondholders money to pay the first three years interest.

See my post 3 minutes before yours

Wasps and supporters have also been making a lot of noise about wanting / needing to retain the P share which the PRL have said they shouldn’t. The PRL would have to buy back the P share, the proceeds of which (?£9m - although Wasps valued it at £13m to minimise the scale of losses) would be...

There is supposedly a forfeiture clause in the case of insolvency in the head lease. However, CCC would have to trigger that clause once the insolvency is known (and for ACL it isn‘t known yet). The bondholders, who hold a legal mortgage over the stadium, would have the right to challenge any...

Absolutely not!

Unnecessary, he speaks better English than many a sassenach.

Theres a load of bollocks in that interview.

How often can they do that.

Yes, ever since Brexit which the Beeb supports wholeheartedly.

As usual. Got a bit ratty as well

McFadzean immense today.

What a miss

He could be suggesting that a bailout will come, eventually from NEC, Ashley or Dawkins and co. and he can’t speak on thier behalf.