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Club aims to raise £35m from bond (6 Viewers)

  • Thread starter SkyBlue_Bear83
  • Start date Apr 26, 2015
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bigfatronssba

Well-Known Member
  • May 6, 2015
  • #421
Broken Hearted Sky Blue said:
Funny how some people on here are mentioning Milwall and other clubs fans,when others mentioned these very same fans last season what were these peoples reactions:thinking about:
Click to expand...

You forgot the rule. Its fine to insinuate that your in favour of violent protest against anyone but sisu. If you do it against them it might "upset" the team and that would mean your not a real fan.
 
J

Jack Griffin

Guest
  • May 6, 2015
  • #422
They got the whole £35M http://www.coventrytelegraph.net/news/coventry-news/wasps-rfc-retail-bond-hits-9194444
 

Grendel

Well-Known Member
  • May 6, 2015
  • #423
Jack Griffin said:
They got the whole £35M http://www.coventrytelegraph.net/news/coventry-news/wasps-rfc-retail-bond-hits-9194444
Click to expand...

Love it when council jack joins the party.
 

Como

Well-Known Member
  • May 6, 2015
  • #424
Never thought they would do so so easily.
 

hutch1972

Well-Known Member
  • May 6, 2015
  • #425
Como said:
Never thought they would do so so easily.
Click to expand...

Well done ccc , no early repayment charges = 20 years interest lost to the people of this city.
Totally shafted by the cockney pikeys
 

stupot07

Well-Known Member
  • May 6, 2015
  • #426
when they pay back the council loan, will they pay interest? I'm sure a big thing was made about them reducing payment period that they would still pay the exact same amount of interest?
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #427
Como said:
Never thought they would do so so easily.
Click to expand...

A fool and his money

If you took what was in the prospectus at face value it sounded like a fantastic deal. Realistically how many people investing know the history of ACL inside out like many on here do.
 
T

Thenose

New Member
  • May 6, 2015
  • #428
stupot07 said:
when they pay back the council loan, will they pay interest? I'm sure a big thing was made about them reducing payment period that they would still pay the exact same amount of interest?
Click to expand...


My understanding was there is a penalty, but it isn't all the interest. Commercial loans I have taken in the past usual have 3 months interest as a penalty.
 
N

Noggin

New Member
  • May 6, 2015
  • #429
stupot07 said:
when they pay back the council loan, will they pay interest? I'm sure a big thing was made about them reducing payment period that they would still pay the exact same amount of interest?
Click to expand...

Of course not, if that were the case you'd be an idiot to pay it back early. Likely scenario is some sort of early repayment penalty. It's unlikely to be more than a years interest. Wasps can pay back the bonds early for something like 5% premium (depending on how early they repay)

Personally I think ccc will be disappointed but then I always thought they had a good deal getting 11% secured, all those who felt ccfc were risking tax payers money should think this is good news. Grendel especially should be pleased.
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #430
Thenose said:
My understanding was there is a penalty, but it isn't all the interest. Commercial loans I have taken in the past usual have 3 months interest as a penalty.
Click to expand...

So we can add the council and taxpayer to the list of people who haven't done as well out of this as was made out would be the case when the deal was done.
 

Rusty Trombone

Well-Known Member
  • May 6, 2015
  • #431
stupot07 said:
when they pay back the council loan, will they pay interest? I'm sure a big thing was made about them reducing payment period that they would still pay the exact same amount of interest?
Click to expand...

http://www.coventrytelegraph.net/news/coventry-news/wasps-rfc-hope-pay-144m-9034140

No interest penalty according to the CT.
 

hutch1972

Well-Known Member
  • May 6, 2015
  • #432
chiefdave said:
So we can add the council and taxpayer to the list of people who haven't done as well out of this as was made out would be the case when the deal was done.
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The people who have done well are the coventry folk with the 2 faces , fork tongues and the bucket loads of hypocrisy.
Probably the same ones who decried the youngsters wearing liverpool and Man u shirts, glory hunters i think they call them.
I am waiting for the 1st cunit to have a half franchise half city shirt now that would be truly sickening.
 

SkyBlue_Bear83

Well-Known Member
  • May 6, 2015
  • #433
bigfatronssba said:
You forgot the rule. Its fine to insinuate that your in favour of violent protest against anyone but sisu. If you do it against them it might "upset" the team and that would mean your not a real fan.
Click to expand...

Least our fans still have our dignity right unlike those Milwall mob, If by dignity we mean bending over and letting SISU walk all over us and now history is repeating itself as the same people allow a London rugby team to do the same.
 

SkyBlue_Bear83

Well-Known Member
  • May 6, 2015
  • #434
Broken Hearted Sky Blue said:
& miles for my football team yes thats an issue. 84 miles for a sports team I dont give a toss about,well I dont give a toss about it. Just wonder why you should.
Click to expand...

I'm guessing you don't go to Wasps matches so it doesn't really apply to you.

What about the 32k who will be at the Leicester match though? Are they giving the thumbs up for franchise sports in the UK?
 
N

Noggin

New Member
  • May 6, 2015
  • #435
CCFC said:
I'm guessing you don't go to Wasps matches so it doesn't really apply to you.

What about the 32k who will be at the Leicester match though? Are they giving the thumbs up for franchise sports in the UK?
Click to expand...

No more so than the Blaze fans.
 

Moff

Well-Known Member
  • May 6, 2015
  • #436
bigfatronssba said:
That is a definition of a football hooligan.

The only thing I still have any pride in regarding CCFC is our wonderful fans. 90% of whom have behaved with complete dignity and honour, always choosing the pen over the knife.

Childish attacks on Wasps will solve nothing, fortunately most of our fans are intelligent enough to understand this.
Click to expand...

Childish attacks on other CCFC fans will solve nothing. Fortunately most fans are intelligent enough to understand why some people feel aggrieved by the actions of Wasps and previously the Council, whilst sadly some fans are not so intelligent.
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #437
Noggin said:
No more so than the Blaze fans.
Click to expand...

You can't really use ice hockey in the UK as an example as they vast majority, if not all, do not own their rinks so are reliant on where facilities are built. Hence you have some big cities, London being the prime example, without a team. They also don't generate enough money to be able to afford to build their own facility unlike football and rugby. And they don't have the 100 year plus history of being in one location most football and rugby teams do.

Ice hockey is a franchise sport. Case in point being the current rumours of 2 expansion teams being formed to join the EIHL in the next couple of years.
 

SkyBlue_Bear83

Well-Known Member
  • May 6, 2015
  • #438
Noggin said:
No more so than the Blaze fans.
Click to expand...

Nice deflection

MUST DEFEND WASPS!
 
D

Deleted member 5849

Guest
  • May 6, 2015
  • #439
chiefdave said:
Ice hockey is a franchise sport.
Click to expand...

Which is, tbh, why I avoid it.
 
N

Noggin

New Member
  • May 6, 2015
  • #440
CCFC said:
Nice deflection

MUST DEFEND WASPS!
Click to expand...

I've been to dozens of Blaze games and will never go and see wasps, but the fact remains going to watch wasps play Leicester is no more a thumbs up to franchise sport than going to watch the blaze.
 
I

Intheknow

New Member
  • May 6, 2015
  • #441
Why is it viewed as bad for the tax payer that the Council loan is being repaid. Surely it is good news as the risk of default falls away?
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #442
Deleted member 5849 said:
Which is, tbh, why I avoid it.
Click to expand...

I just ignore the franchise side of it. It makes no sense to me. Lived in Ottawa for a while and they're a relatively new team, at least in the modern era, having joined the NHL in 92. Being in between Toronto and Montreal the majority of their fanbase are people who have switched from one of those teams.

Can't imagine doing that. There's even more bizarre situations. For example Winnipeg Jets. They moved in 96 and became Phoenix Coyotes, couldn't really have moved much further. Fast forward to 2011 and a completely different team, Atlanta Thrashers, moved and became Winnipeg Jets. I guess if you from North America that's just how it is and you're used to it.

I haven't lived in Coventry since 92 but could never support anyone else. Fratton Park is at the end of my road but the only time I've ever been, except to see us, was when there was an England Womens game there.

Judging by the reaction of some Wasps fans, who when they moved just went off and supported the next nearest team, I think it must just be a football fan thing.
 

SkyBlue_Bear83

Well-Known Member
  • May 6, 2015
  • #443
Noggin said:
I've been to dozens of Blaze games and will never go and see wasps, but the fact remains going to watch wasps play Leicester is no more a thumbs up to franchise sport than going to watch the blaze.
Click to expand...

So 32,000 thumbs up compared to how many at a Hockey game?
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #444
Intheknow said:
Why is it viewed as bad for the tax payer that the Council loan is being repaid. Surely it is good news as the risk of default falls away?
Click to expand...

Because when people objected to the loan being made the reason we were told it was such a good idea was how much the taxpayer would make in interest over the term of the loan.

That interest will now not be received.

Interesting to hear that from your position of being 'intheknow' you confirm there was a risk of default.
 
I

Intheknow

New Member
  • May 6, 2015
  • #445
chiefdave said:
Because when people objected to the loan being made the reason we were told it was such a good idea was how much the taxpayer would make in interest over the term of the loan.

That interest will now not be received.

Interesting to hear that from your position of being 'intheknow' you confirm there was a risk of default.
Click to expand...

There is the risk of default in every business so your point carries no weight.

Can the Council not invest the monies it gets back? Who knows, may get a better return. Or it could put the money towards jobs/public services...
 
B

Broken Hearted Sky Blue

Well-Known Member
  • May 6, 2015
  • #446
CCFC said:
I'm guessing you don't go to Wasps matches so it doesn't really apply to you.

What about the 32k who will be at the Leicester match though? Are they giving the thumbs up for franchise sports in the UK?
Click to expand...

As I said I dont care,I watch Cov sometimes just as have since I was at school. But I am only really interested in my football team staying in the city of its birth. Its too late to moan about franchise sports ie The Blaze,again doesn't bother meI don't go. I really cannot understand that people cant understand that this especially for me is a one subject arguement and that subject is CCFC end of. Ask yourself one question would we have all this furore had Wasps bought St Andrews or Villa Park?
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #447
Intheknow said:
Can the Council not invest the monies it gets back? Who knows, may get a better return. Or it could put the money towards jobs/public services.
Click to expand...

Not according to the council. Nellist raised this very issue as the amount made in cuts was approximately the same as the amount loaned to ACL. The response to him was that the money was from council reserves and assigned to specific things so even if the loan was called in the money could not be used for things such as those you suggest.
 

Moff

Well-Known Member
  • May 6, 2015
  • #448
Intheknow said:
Why is it viewed as bad for the tax payer that the Council loan is being repaid. Surely it is good news as the risk of default falls away?
Click to expand...

Where have you been, thought you would have been all over this site like a rash in the last few days telling us all about the take up of the bond, as you are 'in the know' or is it a case of 'not really as much in the know'?

On a serious note are your numptys going to beat Leicester at the weekend? Saints still top of the league, I am looking foward to our home semi final.
 
I

Intheknow

New Member
  • May 6, 2015
  • #449
chiefdave said:
Not according to the council. Nellist raised this very issue as the amount made in cuts was approximately the same as the amount loaned to ACL. The response to him was that the money was from council reserves and assigned to specific things so even if the loan was called in the money could not be used for things such as those you suggest.
Click to expand...

Not sure that is right. If it can't be put towards public services surely the Council can place the monies in an interest bearing account/buy gilts etc.
 

SkyBlue_Bear83

Well-Known Member
  • May 6, 2015
  • #450
Broken Hearted Sky Blue said:
As I said I dont care,I watch Cov sometimes just as have since I was at school. But I am only really interested in my football team staying in the city of its birth. Its too late to moan about franchise sports ie The Blaze,again doesn't bother meI don't go. I really cannot understand that people cant understand that this especially for me is a one subject arguement and that subject is CCFC end of. Ask yourself one question would we have all this furore had Wasps bought St Andrews or Villa Park?
Click to expand...
No it would probably get a small mention on here when it happened and that is it, I'd imagine Birmingham and Aston Villa fans however would be extremely upset about it though and I'm sure it would have also been debated to death by their fans as we have.
 
I

Intheknow

New Member
  • May 6, 2015
  • #451
Moff said:
Where have you been, thought you would have been all over this site like a rash in the last few days telling us all about the take up of the bond, as you are 'in the know' or is it a case of 'not really as much in the know'?

On a serious note are your numptys going to beat Leicester at the weekend? Saints still top of the league, I am looking foward to our home semi final.
Click to expand...

It is a big game for sure. Biggest attendance for a club match ever at the Ricoh I understand.
 

chiefdave

Well-Known Member
  • May 6, 2015
  • #452
Intheknow said:
Not sure that is right. If it can't be put towards public services surely the Council can place the monies in an interest bearing account/buy gilts etc.
Click to expand...

Well I guess that depends on if you think the council were telling the truth or it was another lie to justify making the loan and allowing it to stay in place following the sale of ACL.
 

SkyBlue_Bear83

Well-Known Member
  • May 6, 2015
  • #453
Intheknow said:
It is a big game for sure. Biggest attendance for a club match ever at the Ricoh I understand.
Click to expand...

Probably if you have sold every single seat as claimed and 99.9% of them turn up, football sell outs can never completely sell out because of the need for segregation between sets of fans.
 
I

Intheknow

New Member
  • May 6, 2015
  • #454
chiefdave said:
Well I guess that depends on if you think the council were telling the truth or it was another lie to justify making the loan and allowing it to stay in place following the sale of ACL.
Click to expand...

I thought the making of the loan was to prevent the administration of ACL thereby ensuring that equity value was retained?
 
I

Intheknow

New Member
  • May 6, 2015
  • #455
CCFC said:
Probably if you have sold every single seat as claimed and 99.9% of them turn up, football sell outs can never completely sell out because of the need for segregation between sets of fans.
Click to expand...

Fair point.
 
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