Did wasps pay much more than what was offered with that charitable bid?The fair market price was 0, but they were happy to make a donation as it was a charity. That is what SISU said. Some on here agreed. But once Wasps paid much more than 0 the same people said they got it very cheaply :thinking about:
The value must now be minimum 35m as that is how much they managed to raise via bonds. So SISU would need to pay minimum 3.5m for a 10% stake. They didn't even want to pay that much for a 50% stake.
The fair market price was 0, but they were happy to make a donation as it was a charity. That is what SISU said. Some on here agreed. But once Wasps paid much more than 0 the same people said they got it very cheaply :thinking about:
The value must now be minimum 35m as that is how much they managed to raise via bonds. So SISU would need to pay minimum 3.5m for a 10% stake. They didn't even want to pay that much for a 50% stake.
The fair market price was 0, but they were happy to make a donation as it was a charity. That is what SISU said. Some on here agreed. But once Wasps paid much more than 0 the same people said they got it very cheaply :thinking about:
The value must now be minimum 35m as that is how much they managed to raise via bonds. So SISU would need to pay minimum 3.5m for a 10% stake. They didn't even want to pay that much for a 50% stake.
Can I ask a question and get the thoughts of others?
At the last SCG meeting I asked SW why they don't approach WASPS and ask to buy into ACL and own a little part of the stadium, say 10%. My question was just waved away.
However, why is this such a silly idea?
If our owners publically said they would like to buy into the Ricoh, firstly it would show long term financial commitment to the Club, secondly they would get 10% of any profits/ f&b (or 10% of any loss). Thirdly it would mean they would be talking in a positive manor to our landlords, (which I hope they are already doing so).
It would make sure we have a long term home and hopefully the opportunity in future years to buy more shares in the ground. Am sure it would cost a lot less to buy into a stadium than to build a new one.
Of course Wasps might say "no chance" but at least then we know the only other option is a new ground, but that means they have to do more than just talk the talk.
If they do eventually build a new ground we all have an idea of what costs are involved, who will own this venue and how our fan base will be effected even further. They would have to compete with the Ricoh for any events, pay and run the place and of course there is the time it will take to get this even to planning stage.
At these exciting times let's all stay positive and keep this thread on subject and not throw useless negatives comments into the debate.
Thoughts?
Why would you pay millions for a share in a company that has a £35m bond to repay & annual interest payments of £7m + debt to their owner. What would 10% cost and at what point would we see a return?
We would buy 10% of the debts. They would see the same return as they will with the rest of the wasted money.
Oh look at who has forgotten the truthWho would expect that from Grendel.
Wasn't it a 1m charitable donation? So they paid multiples Nick.
The bonds raised 35m. So someone thinks it is worth that much. Didn't say I did though. But how much would it cost to build something similar? Or how much would the land be worth?
How very strange. I've never read in any of the court transcripts that sisu were offered the chance to bid for the council share. Where did they say that was a charitable bid.
How much exactly was the for 100% for?
You said the bid was for £0 and a charitable donation. For ALL of acl was that or half? How much would wasps have paid for the Higgs share alone.
It was £2 million wasn't it?
Don't know about the court transcripts that deal with a timeline of up to the point of the bailout but they certainly were invited by the council leader to make a serious bid and she even went to visit our Joy in London after stating that they would listen to any serious offer.
Tell me. What was SISU's serious offer?
Wasn't it 2?.a bit less than what wasps actually paid but was dismissed by many on here as nowhere near enough.Oh look at who has forgotten the truthWho would expect that from Grendel.
Wasn't it a 1m charitable donation? So they paid multiples Nick.
The bonds raised 35m. So someone thinks it is worth that much. Didn't say I did though. But how much would it cost to build something similar? Or how much would the land be worth?
They never made an offer after they refused to put up guarantees for paying over 10 years for the Higgs 50%. And how were CCC supposed to sell them their part when they wouldn't pay or even negotiate?
Tell me. What was SISU's serious offer?
Was this the same council leader that also said that the club need to build bridges before they are considered as purchasers?
Wasn't it 2?.a bit less than what wasps actually paid but was dismissed by many on here as nowhere near enough.
They offered £2 million cash for the Higgs share didn't they?
Considering it was slightly less than what wasps paid then it wasn't far off was it?So the donation was enough then Nick?
Considering it was slightly less than what wasps paid then it wasn't far off was it?
Grendull dodge a question. I'm surprised because you're always insisting it's something that you don't do.
I'll ask again.
What was SISU's serious offer?
The council had stated that the share was not for sale to the club.
The council had stated that the share was not for sale to the club.
Sisu made a serious offer for the Higgs share which in the light of the actual price for the whole company was more than fair.
The "donation" astute keeps waffling on about was a joke reference regarding its status as a charity and would have been deemed a donation if s sale has happened
I'm pretty certain it was £2 million cash as well following the collapse of the proposed 10 year offer.
So they made no serious offer after not only being invited to do so the council leader travelled down to London to meet Joy? Yes or No?
We all know what happened on the Higgs share I don't know why you keep bringing it up. Unless you're trying to dodge the question of course? No, no. You don't do that. What was SISU's serious offer again after being very publicly invited to make one?
“He stated this stadium was now the permanent home of the Wasps but they also want it to be the permanent home of the Sky Blues and would not do things to change that but there may well be the need for some compromise and pragmatism.
The prospect of playing away from the Ricoh after this season is very real. I'd like us to have nothing to do with Wasps while they are in the city. Rather than trying to form some kind of partnership, we should be looking to distance ourselves from them as much as possible
At these exciting times let's all stay positive and keep this thread on subject and not throw useless negatives comments into the debate.
The problem is, your premise is something I can't buy into as formal association with a franchise operation, and thus acknowledgement and acceptance will see me out.
The positive thing from my POV would be to campaign for CCC to modify their local plan to take into account the need for a football stadium, thus paving the way for our club to have its own identity some time in the future and offering hope.
That would be the positive thing. In effect the club needs to be offered no option but to actually build a new ground, rather than token lip service with easy get-outs.
All other options are negative, as they involve either sharing, partial control, or utter subservience.
once they are told they have no pursuit they will close the club down.At least until SISU have exhausted their courtroom pursuit's. I don't think we'll know what their long term plan's will be until that happens.
Top scaremongeringonce they are told they have no pursuit they will close the club down.
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