Search results

I agree with that. Comments like that are too uncommon on this (and probably any open forums) and a moderated thread/sub-forum would at least help eliminate posts that offers nothing but abuse.

I don't really understand how representatives can believe they can hide from abuse. Abuse is criticism whichever way you look at it and if they feel it unjust they are not doing a good job explaining their reasoning or standpoints. As they are representatives their job is to 'represent' - if...

I think these questions are valid and should be sent to SW, TF and JS. Maybe it should be stated that the questions are a summation of questions raised and discussed on this board and that any answers would be published here. I like that the tone of the questions is kept neutral and that the...

Driverless cars is the future and it's closer than most think. The obvious advantage is safety - driverless cars avoids accidents. If that is not something that can persuade you to even consider owning a driverless car, then remember that you will be able to drink AND drive. Another benefit is...

This is a sentiment often said on this forum. It's not unusual to mortgage properties as it is otherwise passive capital. Mortgaging frees up the capital and can then be used in developing the operations. ACL is carrying a mortgage on their lease - and have done so since day 1.

Sisu may see it different. It's quite common that hedge fund managers are paid a percentage of the asset base by the investors. We don't know how sisu are paid here, and that is probably the reason we have a hard time figuring what their priorities are.

There are three games we lost deciding where we are atm and how we feel about our chances for a decent season: The defeats at Scunthorpe and Crewe in the league and the defeat to Worchester in the FA cup. Had we won those three games as we really should with the players we have then it would all...

Plus ACL would have to repay the loan. Could potentially cause some problems for Mr Richardson.

It's very very complicated, but in the beginning the club was merely looking for a rent reduction - which was rejected. That was probably the starting point. ACL didn't have financial room to accept a rent reduction - and as you said yourself that could have been very different if ACL had a 250...

Hm - I think the easiest and most efficient way to close Fisher mouth would have been to offer ACL to the club on the same terms as Wasps got.

You're not far off a 'like' from me (it's on my bucket list - must give Ashdown a 'like'), but the sentence I have put in bold require some afterthought. The original offer would see Higgs getting £5m - that is almost double what they received from Wasps. So 'next to nothing' is not quite...

And before all the mess SBS&L owned CCFC Holdings (the football club) who owned CCFC ltd (the lease holder and 'would be' ACL). It is common to separate operation and property - 'opco' and 'propco'. It doesn't mean the owner is trying to steal or asset-strip or anything other sinister. It's just...

Both CCC and Higgs lost money on the sale. So I suggest ACL was neither profitable or cash-flow positive. That explains the urge/need to sell, but it doesn't explain why the club wasn't offered ACL on the same terms as Wasps. Especially as those terms were greatly reduced compared to the terms...

I believe ACL is still a separate company now owned by the same who owns Wasps. That would be the exact same construction with ccfc and either ACL or New Stadium. Two companies in the same group both owned by the same owner whether that owner is a person, a company or a consortium

The deal must have been in the works for many many months. It's complex, complicated and takes time. So they were not 'secretly doing a deal' - they were 'secretly finalizing a deal'.

I don't think they are still assaulting ACL - are they? About the new stadium - well I won't rule out that is happening. If they come up with a viable business plan they won't have difficulties finding the money/investors. It's finding the suitable piece of land and getting building...

No, it's not how Hedge Funds operate. I said that a couple of years ago. With CCFC they have acted as 'normal' investors. Not that it excuses their failures and mistakes, but it's inaccurate to keep using the term 'Hedge Fund'. But their pedigree as Hedge Fund managers is still showing as they...

The club is Otium with a debt level to ARVO around £10m-12m. The major debts BSB refer to is with SBS&L - and the majority of that debt is historical and not from money put in by Sisu. Otium can fold while SBS&L move into another sisu controlled group and be used to eliminate tax payments. The...

Questions: When exactly did they approach CCC/ACL and what triggered them to do so? Did anyone introduce them to CCC/ACL or did they just make a random approach?

Please add to that question: How much does Wasps estimate non-match day revenue and profit to be at the Ricoh?