Just throwing it out there...
We all know SISUs strategy was to distress ACL. Why would that change? Could ACL be in a worse financial position now than when the council/AEH owned them? Despite the scrutiny and unforseen court cases, the council could bail ACL out if it wasn't able to 'wash it's face' (to hijack a now-popular phrase) in order to protect ACL.
Wasps were losing £3m a year before the Ricoh move, ACL needs to support that and repay the loan twice as fast as previous when owned by the council and ACL. A big burden on cash flow...
Are Wasps now making enough money to turn themselves around? If not, what changes do they need to make to their business model and how will this impact CCFC/council? What financial backing do they have? And do they run the risk of insolvency?
Although, I suppose the most pertinent question at the minute is who has the better legal team, Council, Wasps, or SISU?
Just throwing it out there...
We all know SISUs strategy was to distress ACL. Why would that change? Could ACL be in a worse financial position now than when the council/AEH owned them? Despite the scrutiny and
unforseen court cases, the council could bail ACL out if it wasn't able to 'wash it's face' (to hijack a now-popular phrase) in order to protect ACL.
Wasps were losing £3m a year before the Ricoh move, ACL needs to support that and repay the loan twice as fast as previous when owned by the council and ACL. A big burden on cash flow...
Are Wasps now making enough money to turn themselves around? If not, what changes do they need to make to their business model and how will this impact CCFC/council? What financial backing do they have? And do they run the risk of insolvency?
Although, I suppose the most pertinent question at the minute is who has the better legal team, Council, Wasps, or SISU?
Could ACL be in a worse financial position now than when the council/AEH owned them?
or buy a share from Wasps to provide a cash injection.
Does anyone know anything about the other financial interests/ventures of Sisu?
Have you got some money you want to invest with them :laugh:
There's definitely an argument to be made there. We know without our £1.2m a year it's been hard for ACL. Given we are told the loan terms have changed requiring quicker repayment and therefore bigger repayments there is of course a chance Wasps gamble may fail.
Previously ACL have been backed by a local council who, as we have seen, can bail them out if required and a relatively well off charity. Now they are owned by a rugby club losing millions.
The downside is that it gives SISU a good reason to continue with the same strategy. Its likely our best case scenario now is ACL getting into financial difficulty giving us the opportunity to either buy them out of admin (in that scenario would some or all of the loan to CCC be written off?) or buy a share from Wasps to provide a cash injection.
According to a Google search, they own/owned a 10% stake in Netia, a Polish fixed line telephone company...
I seem to remember something about them having an investment in Welcome Break...
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