Can you send them over? I want to take all the family now they are all kitted out in Wasps regalia.
You will see from OSB58 post that they are staying within the law but manipulating between Sisu accounts.
You will see they haven't taken any money out in management fees. Which was the original point...
That point is pretty irrelevant, it can't be paid the company is barely 'washing its face', the bottom line is that CCFC owes North of £40M to SISU & ARVO and unpaid interest charges accrue at well above £1.3M pa.
How can CCFC ever pay that money back? I'd hazard a guess 10p in the £ is the best anyone could expect at present.
Why the hell don't they cut their future losses and give the club to someone ?
Why the hell don't they cut their future losses and give the club to someone ?
I want to take all the family now they are all kitted out in Wasps regalia.
If, as has been suggested, the club is currently self sufficient then what do they have to gain by giving it away? They can keep hold of the club as long as they like, not put another penny in, and hope something happens that leads to a situation where they can get some of their money back.
Can easily see them sitting back and waiting, say, 10 years to see how Wasps situation plays out rather than just packing it all in and walking away.
I think your right
I think your right (cough). They are getting a good return on their debt higher than they they could elsewhere.
At an interest rate upwards of 10% in 10 years they get their money back and maybe some of their investment if Sisu sell.
Look forward to that !!!
If, as has been suggested, the club is currently self sufficient then what do they have to gain by giving it away? They can keep hold of the club as long as they like, not put another penny in, and hope something happens that leads to a situation where they can get some of their money back.
Can easily see them sitting back and waiting, say, 10 years to see how Wasps situation plays out rather than just packing it all in and walking away.
I think your right (cough). They are getting a good return on their debt higher than they they could elsewhere.
At an interest rate upwards of 10% in 10 years they get their money back and maybe some of their investment if Sisu sell.
Look forward to that !!!
Personally I wouldn't be at all surprised if it turned out that SISU/ARVO were investors in the Wasps bonds .
They do have past form in investing in useless causes where they will never get their money back, so you could be right!
Personally I wouldn't be at all surprised if it turned out that SISU/ARVO were investors in the Wasps bonds and in ten years time they find themselves in a situation where they can use litigation to wrestle control of ACL. That wouldn't be so dissimilar from what happened with welcome break. Might explain why there's no longer term commitment to the Ricoh despite the obvious need for it.
Step up Mr Hoffman, the fall out was an actThat would actually be quite a clever strategy, however I doubt they could do it unless allied with a 3rd party cooperating in secret.
Cue some paranoia from Mr Eastwood.
Wasps now reducing ticket prices by 25%
Wasps now reducing ticket prices by 25%
Permanently or for one game? Not much point dropping them for one game when there's free tickets being passed out like confetti!
They made a big play when they moved here of tickets being cheaper than at Wycombe, if they're putting them down more how long until ticket revenue is lower than it was before they moved, even if the crowd is sllightly bigger?
It says all match tickets currently on sale.
Also buy a season ticket now and get a full refund on the Worcester game.
Shoddy marketing - e-mail bombardment at the minute.
Ticket sales only part of it though.
One of the advantages of getting all the match day incomes.
Are those different match day incomes to the ones we don't need?
Ticket sales only part of it though.
One of the advantages of getting all the match day incomes.
Rugby has the advantage of having the outlets open all the time as well.
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And yet you, Tony, etc constantly say CCFC don't need extra revenue and amusingly call it "pie money". So which is it? Do CCFC need extra income or not?
The end
And yet you, Tony, etc constantly say CCFC don't need extra revenue and amusingly call it "pie money". So which is it? Do CCFC need extra income or not?
And yet you, Tony, etc constantly say CCFC don't need extra revenue and amusingly call it "pie money". So which is it? Do CCFC need extra income or not?
I've never once said that we don't need extra revenue.
You certainly like to debase it though by labelling it 'pie money' like it is insignificant.
The only thing I've ever labeled pie money is F & B and in comparison to ticket revenue it is insignificant. Something you clearly struggle to comprehend.
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