Ok, how are the Council able to do that?
Never change Nick, never change. I've been here the whole time and it wouldn't surprise me if you're already well aware of that.How were the council able to lean on Cov Rugby? They make things very difficult.
Please don't come back on here spouting your well timed bullshit just to fuck off when the football starts. Save that shit for your Council mates if they haven't all been banned from Twitter yet.
Genuinely, I don't. How do the Council prevent a commercial deal happening between two companies?Piss off you already know the answers
SISU don't get the Ricoh if the case is found against CCC (I know you already know that). Wasps will have to stump up the difference between what they bought it for and whatever value the EU place on the Arena. The general assumption is that they won't be able to afford it, hence having an indemnity protects them from being destitute. That said, we now have an impasse over whether the indemnity exists at all.
Genuinely, I don't. How do the Council prevent a commercial deal happening between two companies?
I’m sure if they default it falls back into council handsGenuine question. If the state aid case is upheld and Wasps then have to pay what is seen as fair market price and can't what happens then?
Do they hand ownership back to the council and what happens to the money originally paid for the Ricoh?
I’m sure if they default it falls back into council hands
Genuine question. If the state aid case is upheld and Wasps then have to pay what is seen as fair market price and can't what happens then?
Do they hand ownership back to the council and what happens to the money originally paid for the Ricoh?
How did they stick their nose in with the Butts? How have their stuck their nose in with other things non CCFC related? Open Doors Charity? They make things difficult for people.
Your "I don't know anything" act is embarrassing.
Genuine question. If the state aid case is upheld and Wasps then have to pay what is seen as fair market price and can't what happens then?
Do they hand ownership back to the council and what happens to the money originally paid for the Ricoh?
If the lease is broken, the freeholder takes back the site. So yes, the Council get it back.I’m sure if they default it falls back into council hands
Would think most of the money paid for it still needs to be paid back to bond owners.
Would think most of the money paid for it still needs to be paid back to bond owners.
They created a bond issue and people bought bonds.Surely the issue of how Wasps raised the required finance is surely a different issue.
If the lease is broken, the freeholder takes back the site. So yes, the Council get it back.
They created a bond issue and people bought bonds.
It's and issue for Wasps but it is still not the same issue as what happens to the money paid to CCC.
As far as I understand it, two different transactions. Wasps bought the shares of ACL, paid off the bank debt and then subsequently issued their own bond.It's and issue for Wasps but it is still not the same issue as what happens to the money paid to CCC.
The actual sale price for CCC was only about 2.6m or so wasn't it? Then something for the lease.
Then there's the loan that they cleared.
Extra £1m for the extended lease, concluded after the sale.The actual sale price for CCC was only about 2.6m or so wasn't it? Then something for the lease.
Then there's the loan that they cleared.
As far as I understand it, two different transactions. Wasps bought the shares of ACL, paid off the bank debt and then subsequently issued their own bond.
Extra £1m for the extended lease, concluded after the sale.
Not aware of the timings. As far as I know, you can't extend a lease, unless you actually own it. Hence why it couldn't have been offered to other parties.Agreed before the sale in the same meeting as whether to sell the council's shares. Bit strange.
You weren't aware of that either?Not aware of the timings. As far as I know, you can't extend a lease, unless you actually own it. Hence why it couldn't have been offered to other parties.
The EFL have the decision, St Andrews.They are talking crowds back to footie in October so first few games could be behind closed doors I suspect the EFL would be after a decision as to where we will be playing so hopefully things could change, nearly three months yet. Still keeping fingers crossed.
Would be more apt if it was shitting out of its mouth.
Realy not looking for an argument.Because it has been pretty obvious for years that the council are sticking their beak in?
What are their actions? Calling out Wasps / CCC again?
I think it’s pretty obvious the council player the PR war and won before Northampton and sisu are winning the PR war now.
Overson is really coming to the fore recently; think he is far more involved now than just subsidising a ryton extension.
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?