Wasps owner Derek Richardson explains Coventry move and rejects "franchise" tag

Discussion in 'Wasps' started by SimonGilbert, Apr 15, 2015.

  1. Grendel

    Grendel Well-Known Member

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    So you admit you know fuck all just what the telegraph says?

    Who owns the shares in Moonstone and why if that is the company in Valetta is it owned by another Maltese finance company - mgi? Can you confirm Richardson is the sole shareholder in that company?

    Go on for once prove you know something please
     
  2. chiefdave

    chiefdave Well-Known Member

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    Isn't that CT piece about the accounts before they took over ACL? How does that show they paid £1m off the loan or is it CT guesswork? Is there anything from the council that actually confirms the change of terms to the loan and any down payment?
     
  3. olderskyblue

    olderskyblue Well-Known Member

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    Seems quite clear?
     
  4. Nick

    Nick Administrator

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    So where does the 250 year lease come into it? What did they pay for that
     
  5. lordsummerisle

    lordsummerisle Well-Known Member

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    Still CT guesswork, "commercial confidentiality" and all that.
     
  6. olderskyblue

    olderskyblue Well-Known Member

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    I expect to see "understands" in articles when it is unsubstantiated, this doesn't have that. Maybe Simon can confirm one way or the other?
     
  7. chiefdave

    chiefdave Well-Known Member

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    Not really, any enquiries about anything to do with the deal are met with 'confidential'. If you look at that CT piece that's not a quote so where have CT sourced that information from, its certainly not been made public by CCC.

    And of course if that £1m was not, as some guessed, a payment for the additional 200 years on the lease what has been paid for that, surely its not been handed over for free or a peppercorn rent?
     
  8. Moff

    Moff Well-Known Member

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    Dont be too hard on yourself sunshine, when you do get some knowledge about something I will be waiting with big congratulations. Stay strong! ;)
     
  9. Intheknow

    Intheknow New Member

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    I suspect that we might find out soon whether Les Reid was correct that the Council wrote off £1m of the facility granted to ACL or if he was correct that an extension of the lease over the Ricoh was given at no cost.

    If I was a betting man, then I suspect that Les might look a bit stupid.
     
  10. Nick

    Nick Administrator

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    So it was given for free? What PR statement will it be?
     
  11. Intheknow

    Intheknow New Member

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    i wonder if one of my posts some time ago provides the answer.
     
  12. Nick

    Nick Administrator

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    Why not just answer?
     
  13. Moff

    Moff Well-Known Member

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    If you are truly 'In the Know' surely you know whether Les Reid will look stupid or not, as surely writing 'might' undermines the conviction of what you have written?
     
  14. Intheknow

    Intheknow New Member

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    Poor old Les.
     
  15. Grendel

    Grendel Well-Known Member

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    Ah good why don't we visit the other thread now and explain what is going on regarding this bond - you know the one exclusively revealed by Les Reid a couple of weeks ago.
     
  16. Nick

    Nick Administrator

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    Looks like he was a couple of weeks ahead of the press with the last one? Not far off at all was he?
     
  17. torchomatic

    torchomatic Well-Known Member

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    Pretty much spot on with the Bond story, wasn't he?

     
  18. oldfiver

    oldfiver Well-Known Member

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    I am sure he is "In the know" because there always is a sting in the tail in his posts

    Now why can that be?
     

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