Astute
Well-Known Member
Ah yes. The posts most appreciate and some ignore as they give all the evidence as it is.
Ah yes. The posts most appreciate and some ignore as they give all the evidence as it is.Hasn’t OSB explained the valuations a gazillion times now and how they’re not to be confused with a sale price? It’s fast becoming another SISU are taking millions out of the club urban myth which he’s also explained a gazillion times why they’re not. Suits you to dismiss this one though obviously because the amount of times he’s explained it on the Wasps finances threads in the Wasps sub forum there’s no way you haven’t read it. So congratulations, you’ve joined the rank of the conspiracy theorist. Deliberately and not by accident either I would say.
What to do if your lease runs out?So you are saying this solicitor is wrong then?
What To Do When Your Commercial Lease Runs Out- Bird & Co Solicitors
So OSB is wrong and you are right yet you don't question a word he says.The council meeting approving it was done a month after..
The lease added no value then?Hasn’t OSB explained the valuations a gazillion times now and how they’re not to be confused with a sale price? It’s fast becoming another SISU are taking millions out of the club urban myth which he’s also explained a gazillion times why they’re not. Suits you to dismiss this one though obviously because the amount of times he’s explained it on the Wasps finances threads in the Wasps sub forum there’s no way you haven’t read it. So congratulations, you’ve joined the rank of the conspiracy theorist. Deliberately and not by accident either I would say.
What are you on about? It's fact, it wasn't unused like you keep saying.So OSB is wrong and you are right yet you don't question a word he says.
What to do if your lease runs out?
Apples and pears again I see.
The lease added no value then?
I'm happy to be corrected, can you post the link?Still pretending OSB hasn’t explained it then. That’s it Nick, you keep dealing in fantasy.
Extension yes. I said nothing about leases that have run out as it has nothing to do with the arena. It says talk with freehold owner ASAP. Wasps certainly did that.You said by law as soon as a lease goes below 50 years then it has to be renewed didn’t you? That article states that the tenant should negotiate with the landlord well in advance. Didn’t you say by law they are entitled to a renewal.
Extension yes. I said nothing about leases that have run out as it has nothing to do with the arena. It says talk with freehold owner ASAP. Wasps certainly did that.
It is you that brought up a lease running out as it makes it more difficult. And both sides then have different rights.
I'm happy to be corrected, can you post the link?
It certainly is. We got stitched up by CCC. And all because two hedge funds were allowed to take over sporting clubs.What a depressing read this is.
Eh? The lease wasn’t running out. Also aren’t you accusing the Higgs Charity of mind bombing incompetence?
So why did you post a link of what to do when a lease runs out?Eh? The lease wasn’t running out. Also aren’t you accusing the Higgs Charity of mind bombing incompetence?
Or maybe I don't have a photographic memory which is why I said I'm happy to be corrected with a link.Are you saying that you’ve never read one of the many posts by OSB explaining why the valuation for accounts and the bonds are not to be confused with the sale value of the ACL. Yeah OK.
Just in case you have forgotten what your link was.....So you are saying this solicitor is wrong then?
What To Do When Your Commercial Lease Runs Out- Bird & Co Solicitors
Or maybe I don't have a photographic memory which is why I said I'm happy to be corrected with a link.
What are the chances that this will be the end of the JR route for Sisu? It it likely to be the end of that road today? If so can they still mount other legal actions?
You’ve been corrected and you know you have. You’re always all over the threads where he’s explained it repeatedly so there’s no way on earth you haven’t read it more than once. I’m not posting a link for the simple reason it’s funnier watching you pretend you’ve never seen or read his explanation. It’s the equivalent of watching a grown man believing in Father Christmas even though despite it being explained to him by another adult he doesn’t exist.
Leases are always running out. That’s there nature. They’re set over a fixed term and time doesn’t stand still.
Just in case you have forgotten what your link was.....
Leaseholder yes. Tenant no.So guy agree by law a tenant can demand an extension?
Yes I read it. It was about what to do if the lease has or is about to run out. And as you have said the lease wasn't about to run out.Have you read it or just the title?
Yes I read it. It was about what to do if the lease has or is about to run out. And as you have said the lease wasn't about to run out.
All I've asked for is a link? It's pretty simple, so then I can read through it.
I'm not saying I haven't seen it, I'm saying I can't remember it. That's all.
Whatever gets you excited though.
All I've asked for is a link? It's pretty simple, so then I can read through it.
I'm not saying I haven't seen it, I'm saying I can't remember it. That's all.
Whatever gets you excited though.
Wasps effectively paid £18m for the short lease when they took on ACL. That was the value in the accounts of ACL.
At 31/05/2014 the ACL balance sheet showed net assets of 6.8m in the accounts to 2015 ACL made losses which would have decreased the Net asset position. Wasps paid 5.5m plus some add ons for ACL
Strutt & Parker valued the 250 year lease in April 2015, and by that time ACL had a long term lease in place from Wasps Rugby which adds value to the asset held by ACL
Wasps bought ACL not the lease in October 2014 - that's all assets less all liabilities of ACL
The lease extension for 250 years came in to being 15 January 2015. It could only be extended to the benefit of the current owner of the lease ACL, whilst ACL existed there was no open market to sell it to (for at least 39 years)
The lease is charged against the bonds issued May 2015
these surely cant be the best arguments that SISU can come up with can it? There must be something else surely? other than
infamy, infamy they've all got it in for me ........
So guy agree by law a tenant can demand an extension?
Whats going on then?
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