They are also taken into account in the purchase price. Without all these outgoings, ACL would be a booming business and worth far more than 5,54m - even with the loan liability.
It's valuation is £5.54 millions. Higgs received £2.7 million for its shares.
Shock horror bungling Bob Ainsworth talks bollocks - again.
Does ACL have to pay the loan? If so, then Wasps don't get 14m of ACL income over the next 20 years, but the council gets 14m.
So although we've seen nothing
Him being closer to it
Does that suggest guarantees were required?
Does ACL have to pay the loan? If so, then Wasps don't get 14m of ACL income over the next 20 years, but the council gets 14m.
this is only a personal opinion but I doubt it ....... I think it was just spin to deflect attention and make sure it was someone elses fault that he/they messed up
CCC already have a charge over all ACL assets and the lease reverts to them on default
And yet most on here thought it perfectly acceptable they paid £6 million for the Higgs half share and yet also then had liability for half the loan?
I see. So the fact that some electricity company gets paid every time the floodlights come on means that the electricity company gets a share of ACL income.
Okaaaay
Why not? buying half of ACL with acl still having the loan is far far superior to any plans they have of building a stadium, yes it's clear a year later after further distressing and loss of value due to the main tenant breaking there lease and playing in northampton that it was possible to get it cheaper. But one things for damn sure the actions they took are an order of magnitude worse than going through with that deal (which as far as I'm aware didn't involve acl still having the 14mill loan, they thought they could get the bank to drop it for a couple of mill)
It's funny really, had the loan come from, say Barclays Bank, you wouldn't even be talking about the £14m, you certainty wouldn't be suggesting they'd paid £19m for ACL.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Why not? Because a Maltese hedge fund bought the lot for less and ACL don't have the loan the taxpayer does.
It's funny really, had the loan come from, say Barclays Bank, you wouldn't even be talking about the £14m, you certainty wouldn't be suggesting they'd paid £19m for ACL.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Thats not true, if you buy a failing company for £1 with debts attached the amount of those debts is always discussed and relevant.
It's not a debt it's an operating cost - the council owe the debt.
I see. So the fact that some electricity company gets paid every time the floodlights come on means that the electricity company gets a share of ACL income.
Okaaaay
It's not a debt it's an operating cost - the council owe the debt.
It's not a debt it's an operating cost - the council owe the debt.
I thought the council was the creditor and ACL the debtor.....
Then how does Fisher cite that as a reason for not wanting to co share ACL alongside Wasps?
ACL are paying a cost of a loan. If ACL default and the company goes into administration where does the loan sit?
ACL are paying a cost of a loan. If ACL default and the company goes into administration where does the loan sit?
It's valuation is £5.54 millions. Higgs received £2.7 million for its shares.
Shock horror bungling Bob Ainsworth talks bollocks - again.
Thanks fook for that. I didn't think this thread would ever get round to it all being Tim's fault...
Eyes on the prize OSB;-)
Eyes on the prize OSB;-)
How does Grendel's Quote come under my name?
How does Grendel's Quote come under my name?
Grendels alter ego outed at last..!!
Grendels alter ego outed at last..!!
me and my two accounts......
It's valuation is £5.54 millions. Higgs received £2.7 million for its shares.
Shock horror bungling Bob Ainsworth talks bollocks - again.
I really wish 'public interest' hadn't reduced to base economics, and we could actually deal with identity, heritage, tradition, and a wider definition across the globe about what a place *is*.
Next we'll be blowing up statues of Buddha as false idols.
Thats not true, if you buy a failing company for £1 with debts attached the amount of those debts is always discussed and relevant.
It's valuation is £5.54 millions. Higgs received £2.7 million for its shares.
Shock horror bungling Bob Ainsworth talks bollocks - again.
I see, that's why nobody ever referred to Hoffman's offer as only being for £1 is it?
If we're adding future outgoings to the cost of purchasing ACL why are we not deducting future income?
Because Wasps are in house,.
Maybe???
I really wish 'public interest' hadn't reduced to base economics, and we could actually deal with identity, heritage, tradition, and a wider definition across the globe about what a place *is*.
Next we'll be blowing up statues of Buddha as false idols.
Let's have a touch of realism and understanding of these deals.
If I bought a house for ten pounds and it had no debt with it - house costs ten pounds.
if I bought a house for ten pounds but had to take on a ten pounds mortgage (ie, the owners debt), - house costs £20.
And its worth £10 as the house has community charge, utility bills, water bills and you don't increase the value due to those costs - they are part of the purchase.
And its worth £10 as the house has community charge, utility bills, water bills and you don't increase the value due to those costs - they are part of the purchase.
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