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If what he just said is true, that it was working out at £50 a game, then it clearly was too cheap

I do like his unapologetic approach here

No one is saying it had to be repaid immediately. What they are saying is that it had to be repaid, either immediately, within the 50 years previously agreed, or somewhere in between. Either way it had to be repaid. Do you understand now? ACL had a debt of £14m that Wasps became liable for as...

There's no need to resort to name calling is there? Also there has been at least one post saying that as new owners they weren't liable for the debt

Its amazing how many people think you can buy a business up to its eyeballs in debt but that debt suddenly disappears the second the ownership changes

Well they were either paying down a debt they legally owed or it was a generous donation to the city treasury. Which was it ?

So Wasps gave the city of Coventry £14m out of the goodness of their hearts? Why the hell do we hate them then? According to you lot Derek Richardson is the greatest benefactor to Coventry since John Gulson. Robinson deserves a statue. What a wonderful man.

Yes, because the purchase included £14m of debt.

If that has happened it wouldn’t account for all the new season ticket holders. The FZ has a capacity of only about 2k

They wouldn’t have paid it if they didn’t have to. ACL was sold with the debt.

We’re not talking about the bond. We’re talking about the £14m that ACL owed to CCC

That clearing the debt in ACL increased its value

Right do to clarify how you think things happened: 2013 - CCC loan ACL £14m to pay off Yorkshire Bank. Loan to be repaid to CCC over 50 years. 2014 - Wasps buy ACL, but have no responsibility for ACL debt. However Wasps decide to take on that debt anyway. Why on Earth would Wasps take on...

But they still would’ve been paying it, just over a longer period. And it was still a debt that existed

The debt was part of the purchase. The deal was Wasps pay the £6m, and then repay to the council the £14m loan over the agreed time period.

You said there was no debt, and said I was talking nonsense for suggesting there was. Yet there blatantly was debt

So Wasps gave the council £14m out of the goodness of its heart? https://www.coventrytelegraph.net/news/wasps-rfc-pay-134million-ricoh-9248558.amp

ACL was £20m in debt to the council. If you recall the council bailed out ACL in 2013 when it couldn’t repay its debt to Yorkshire Bank.

Well let’s go along with that for a minute then. Fisher said he wouldn’t have bought the ground on those terms. So he wanted to pay less than £6m for it??

They used the loan to clear the debt