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Any idea who bought the bonds. At 2k a piece min it would take 17500 Wasps fans. What sort of people or organisations have money to invest in bonds I wonder....

Yes perhaps JR2 if that happens. All seems a bit rushed.

The repayment of the Wasps loan early could strengthen the SISU case. If Wasps could raise £35m then why didn't they do it at the outset?

I am not bothered by this, it isn't a court case, it doesn't cost anything and it scrutinises the conduct of public officials. I can't remember SISU behaving as unprofessionally as that idiot Mutton.

It must be for somebody anyway

The Wasps bond issue is the new ACL mortgage. Expect the CCFC rent to increase to cover the cost of servicing the interest payments. Funny how the Telegraph didn't report anything negative about the story. Similar schemes have crashed with bondholders out of pocket, although the Wasps one is...

Interesting looking at their forum. One thread lists alternatives and Mowbray isn't mentioned. It reminds me of when we used to worry that Leeds would poach Strachan.

Tony calling somebody sanctimonious

I wouldn't say Clough underachieved that much tbh. Would they really expect better than play offs and another great cup run?

Gareth Keenan

You reckon?

Sounds plausible.

Confirmed as opposed to unconfirmed? Confirmed as unconfirmed? Confirmed as a rumour? Confirmed as a member of the Roman Catholic Church?

That's the one Rupert!

Coventry City Council are to make the bizarre step of selling its stake in the Ricoh Arena to a sports team who are ultimately owned by a hedge fund.

Jim O'Brien's millionaire uncle is interested in taking over (this one I did actually hear the other week)

Coventry City are building a new stadium in the borough of Rugby

£35m over 7 years is about £44m back at the rate. They'd better hope for a great sponsorship deal.

Oh dear. CCC getting value for the taxpayer again.

6.8% annual return over 7 years on £35m is £6m-ish per year (£43m) in total. You have to think the reason for doing down this route is that a proper lender wouldn't fancy the risk. Or am I miscalculating? What happens if they default?