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  1. chiefdave

    Fugazi

    Everyone be careful what you say. Mart seems obsessed with tax, I think he's from the inland revenue!
  2. 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.
  3. chiefdave

    Fallen out of love after 62 years...

    Prize for post of the day.
  4. chiefdave

    Fugazi

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

    Fugazi

    We all know the answer to this, just look how everyone ripped into Hoffman when he offered £1.
  6. 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...
  7. 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...
  8. 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.
  9. chiefdave

    Trust!

    I've heard the wages are great :)
  10. 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...
  11. chiefdave

    Fugazi

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

    Trust!

    I'm thinking of a career change. You never know could end up working with Grendel!
  13. 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?
  14. 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...
  15. chiefdave

    Anyone Going To The JSB Christmas Party Later?

    So it was you that upset him then!
  16. 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.
  17. 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.
  18. chiefdave

    Wasps Sub Forum

    1) what do you think Anne Lucas meant when she said words to the effect of. I have contacted Joy Sepella asking her to contact me regarding doing a deal regarding stadium ownership? I think she meant I she had contacted Joy Sepella asking Joy to contact Ann regarding doing a deal regarding...
  19. chiefdave

    Trust!

    Will one of the benefits of the Trust membership card be cheap tickets to see Wasps :sarcasm:
  20. chiefdave

    Fugazi

    Look at it this way, you lend me £1m to buy a factory. I then sell that factory to Coca Cola, they pay me £200K and will continue to make the loan payments to you, there's £500K outstanding on the loan. Have Coca Cola just paid you £500K to buy my factory or have they paid me £200K to buy it? I...
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