SkyBlue_Bear83
Well-Known Member
Something about trying to distress ACL, he said it was wasn't true an they want to clear their name or something.
Tim said in interview last tuesday they wanted to clear there name what ever that means....
Can someone bring me up to speed. I stopped reading all the threads on ACL / CCC / Wasps etc as it just seemed to be the same old argument going round in a circle but when the idea of SISU buying 50% of ACL was mentioned just after the sale to Wasps the general consensus seemed to be it was BS from the council and they'd royally stitched the club up and made it impossible for them to buy the share.
Is that not right, has something changed? Why are we now in a position where we can buy half? Obviously it would be fantastic to get an ownership stake and it's nice to finally see SISU admit they want a share in the stadium but is there any chance of this actually happening?
If it relies on going to court to prove beneficial ownership of the option how can they claim that without getting stuck with the balance of the lease?
That's what I am saying, so why not drop it?
Because if they win they will no doubt want a load of money from the Council.
Its a bloody mess already, rumours today that Wasps don't even have the financial backing in place to complete even the first part of this deal let alone the full purchase of all 100%
Probably just waiting for the 'transaction' from their new Cayman Island based partners before proceeding.....
I would imagine they would be arguing they have already bought the beneficial ownership when Otium took over, so no need to resurrect CCFC Ltd, with it's debts.
Its a bloody mess already, rumours today that Wasps don't even have the financial backing in place to complete even the first part of this deal let alone the full purchase of all 100%
Bit late for that isn't it .
They've had what 15 months ,there was an old Article on here the other day where TF was saying he couldn't comprehend why ACL/CCC hadn't come a calling .If they'd wanted to prove that point think they'd have done It with all the other cases ,I mean we've had 3 Is It ,why not 4 .
As I said In the other post the CVA rejection seems to have stopped It.
Joe Dinhsa MK2Let's hope so!
Bit late for that isn't it .
They've had what 15 months ,there was an old Article on here the other day where TF was saying he couldn't comprehend why ACL/CCC hadn't come a calling .If they'd wanted to prove that point think they'd have done It with all the other cases ,I mean we've had 3 Is It ,why not 4 .
As I said In the other post the CVA rejection seems to have stopped It.
It's not too late, otherwise Higgs wouldn't have invited the offer.
Let's hope so![/QUOTE
Lets hope our owners have some .
here's hoping for a CCFC injunction to stop Wasps snapping up Higgs 50%
It's not too late, otherwise Higgs wouldn't have invited the offer. I don't know what you mean in respect of the CVA stopping anything.
Apart from tawdry politicking you mean?
It'll be free rent all the way before you know it.
If Wasps aren't capable of completing the transaction... at least everyone now knows what the going rate for a 'first-class' stadium and a 250 year lease is.
The option would have been purchased like the rest by Otium.
Despite being ridiculed by those economists on here such as astute for predicting this likely development the actual critical aspect will be not the requirement to re-fund an empty company but deal with the veto.
I suspect ( again having been ridiculed by the economic experts) that the wasps takeover is not to be completed until 30 days after the Higgs announcement. So they can veto the club buying the shares.
Less than Wasps offered, you mean, if they can't get funding to complete the deal?
As I have mentioned PWKH has said that Higgs have to give permission for it to be transferred, it can't simply be traded according to him*.
*Pretty sure it was him, I'll have a listen again to his interview on CWR.
Would only be fair.
Yes but who would put an offer in for it without a team to play in it?
I'd piss myself if that was the case.Its a bloody mess already, rumours today that Wasps don't even have the financial backing in place to complete even the first part of this deal let alone the full purchase of all 100%
Byngo!
I'd piss myself if that was the case.
You lot are wasted on here. You should be out leveraging amortised funding options.
But were they started by BYNG ?/
He brought It up on the Friday phone In .
Wasn't there a rumour on here a couple of weeks ago saying that they were struggling to raise the cash?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?