Taking a bit of artistic licence with those figures aren't we?
Wasps bought for £2.77m + taking on £14.4m loan (which will accrue interest) = £17.17m +
CCFC £1.2m pa in rent Dec 2007 - Mar 2012 (4.25 years). £100k pa Sep 2014 - present (4 years) = £5.5m
These figures are just reported rent and purchase costs. They do not take into account matchday or other costs CCFC pay, nor maintenance and upkeep costs Wasps have to pay.
Taking a bit of artistic licence with those figures aren't we?
Wasps bought for £2.77m + taking on £14.4m loan (which will accrue interest) = £17.17m +
CCFC £1.2m pa in rent Dec 2007 - Mar 2012 (4.25 years). £100k pa Sep 2014 - present (4 years) = £5.5m
These figures are just reported rent and purchase costs. They do not take into account matchday or other costs CCFC pay, nor maintenance and upkeep costs Wasps have to pay.
Think he was just on about purchase price.
I guessed they were, and in respect of cash outlay is correct and why I said they were taking artistic licence rather than lying. Doesn't really tell the whole story though.
This escalated quickly
Again, very selective. When agreeing the purchase price for ACL it was with the knowledge that the debt would have to be taken on as part of the company. It's standard legal and financial practice to do so.
Also the value of any debts IS included as shareholder value as it's a significant part of net value of an asset. If you buy a house for 200k with a 25% deposit then sell it immediately before you start paying the mortgage is that house now only worth 50k to you because the mortgage value doesn't count?
The council did use outside funding sources because they aren't allowed to use central funding for it - that would be state aid and political suicide when cutting services. They could achieve better interest rates, which they could then add a bit on to make the profit and thus keep non-CCFC fans/watchdogs etc happy but still provide a better rate than elsewhere. Everyone gets something out of the agreement.
Yeah, like the rent.This escalated quickly
There was no justificstion for the rent boycott or trying to brazenly bankrupt ACL.So you think if somebody had literally no other option at all and had to take out a stupid agreement where they get absolutely rinsed or go bust that's OK?
It isn't reasonable. It also doesn't make any sense. How can you be offered a 50% shareholding and not get voting rights? Voting rights come with the shares so if what you say is true they weren't actually offered a half share at all (unless you literally mean 'half a share').
I really don't recall such an 'offer' ever being made. I'd appreciate more info on it
There was no justificstion for the rent boycott or trying to brazenly bankrupt ACL.
I'm a bit disappointed tbh in that you asked me why I feel so passionately about this, I gave you an honest and personal answer, and you have tried to discredit me and my reasoning rather than saying 'fair enough, that's your view, good luck to you' as the spirit of the exchange of ideas, the whole purpose of a forum, demands. It's almost as if you dislike any criticism of the club abd its owners. Remember, we're Cov fans , we support the team not the club who have let us down so much. Don't defend them, we should ridicule and criticise them at every opportunity. That's what being a Cov fan means FFS.
Weren't a fair few following it closely?I did. Sorry.
But they brought up something that I really don't remember ever happening and I was following the saga pretty closely at the time so either I missed something so major I need to know more or it's something that's unsubstantiated.
It isn't reasonable. It also doesn't make any sense. How can you be offered a 50% shareholding and not get voting rights? Voting rights come with the shares so if what you say is true they weren't actually offered a half share at all (unless you literally mean 'half a share').
I really don't recall such an 'offer' ever being made. I'd appreciate more info on it
See you in the match thread on Sunday, have a good weekend!Can somebody txt me when this gets back on topic?
Guilty as charged!!! Where's my black cap?
Where have I defended "them" in this thread?
I'm pointing out that for somebody so strong with their morals you are quick to then do things that would be against them. It's very strange.
I know what being a football fan means, not sure I need you to explain or try and preach anything.
Which other court cases have you been following?
I'm not preaching at all....you asked why I cared so much and I told you!!!!!
I'm just catching up with this thread, and was going to post the same thing as you.cc4l has hacked Oucho's account if the spelling is anything to go by
I have met 5 regular (ish) SBT posters in person - 4 of them are what I would consider to be normal Joe Shmoes like myself. The other was an arrogant cock (it isn't Oucho by the way)It's quite good living nowhere near Cov as I know no-one from on here so have zero expectations of anyone. I've only had message convos with a couple of well known posters over a chat I had with Anderson and when one of them kindly let me buy their tickets for the MK Dons cup game. And another well known poster has found me on FB and messaged me so I know what he's like...normal!
Next game I come to, likely to be Nov/Dec time, I'm arranging a SBT drink in the casino beforehand to see if you match my mental images of you and so I can confirm you're all wierdos.
Name the 5 and we can see if we can guess who the arrogant cock was.I have met 5 regular (ish) SBT posters in person - 4 of them are what I would consider to be normal Joe Shmoes like myself. The other was an arrogant cock (it isn't Oucho by the way)
Note: I don't think I am an arrogant cock (does that sound arrogant?)
Name the 5 and we can see if we can guess who the arrogant cock was.
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Haha, I did wonder.He hasn’t met me
No I haven't - and I don't particularly want toHe hasn’t met me
That's tempting, but I would hate for you to pick the wrong one (I am a bit of a scardy cat)Name the 5 and we can see if we can guess who the arrogant cock was.
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I think I can recall someone on here, may have been you, said they bumped into some fans and when they introduced themselves to said fans, they were called a Skybluestalk nutjob, or words to that effect.That's tempting, but I would hate for you to pick the wrong one (I am a bit of a scardy cat)
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