So all the dick waving aside, are we expecting another legal challenge from our owners given the huge disparity on valuation?
Seems to be a favoured tactic of SISU and Ms Seppala
As to disparity........
there was/is no valuation of the ACL shares save for the deal that was done
The £48.5m values the long leasehold interest which (a) didn't exist when shares sold, (b) is not a valuation of the total worth of ACL/Ricoh even now let alone Oct 2014 (c) forms only part of the worth of ACL without any inclusion of liabilities which would decrease it <eg the bonds £35m for example>
In reality the 48.5m is totally unrelated to the value the shares when they were sold ......... comparing apples and pears really stu
as for the CT headline ....... value at £48.5m isn't really news is it we already knew the value of the long lease and therefore should have know the likely value in the accounts..... but they have to tag it with something that gets interest...... has the Ricoh been valued at £48.5m though? What do we mean by "the Ricoh"
I was a little confused by how the £35m contribution the bond made was reported. How much was the interest on the £14.4m loan they repaid?I know people/journalists/politicians/press releases by the parties etc etc keep adding in the loans they took over as part of the consideration for the shares but it is not the case. The consideration was £5,717,143 as detailed by Wasps Holdings June 2015 financial statements.
As per those financials Wasps paid £188,170 goodwill above the asset value in the accounts of the ACL group
The CCC loan already existed........ it has since been replaced by other loans from the bonds........ so wasps didn't actually pay the extra £14m at all
plus the monies received from the Bonds is not income at all....... its a form of loan or liability on the balance sheet
I was a little confused by how the £35m contribution the bond made was reported. How much was the interest on the £14.4m loan they repaid?
It said in the report that they paid the interest on the loan in a lump.They didn't pay any interest IIRC.
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It said in the report that they paid the interest on the loan in a lump.
Previous reports suggest initial rate was 5% which returned £750k p/a. They paid 2 years already so the remaining interest would be in the region of £13.5m on top of the £13.4m capital.Fair do's, must have missed that. Do we know how much?
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Never defended Wasps yet. It's just people like you are stupid enough to believe Grendull, Sickboy etc when they say I do. Funny that when i challange them they never come back with anything.
I am actually ashamed to support the same football club as you. If I was you I'd concentrate on learning the difference between piece and peace before claiming to be a master of debate.
Worse than that, CCC sold 50% of ACL for £2.77m, that 50% is now valued at £24.25m, that's a 775% increase in the space of 6 months!
You'll get a pat on the head of Grendull for that one. Good little monkey boy.
It seems the rumour I heard about you is true Tony.
It seems the rumour I heard about you is true Tony.
I remember when he went on Gmk to drum up support for UKIP. Says it all about him.
I doubt it.
Suggestion is that as you are a bit strapped for cash you have taken up Italias offer of being his car park attendant for Wasps games.
It's the only explanation I can come up with for your slavish defence of them - even on a par with your new boss.
Hope you got a nice yellow jacket as part of the deal
Never been a member on GMK. There was some moron on there pretending to be me though and spouting shit. I did hear who that was too. Seems they didn't appreciate what I had to say about SISU on here.
I saw the funny side though. It showed up the person pretending to be me as the petty small minded little child I always thought they were and at the same time they exposed themselves for the SISU apologist they always claimed not to be
Suggestion is that as you are a bit strapped for cash you have taken up Italias offer of being his car park attendant for Wasps games.
It's the only explanation I can come up with for your slavish defence of them - even on a par with your new boss.
Hope you got a nice yellow jacket as part of the deal
To be fair that made me smile. See, you can do comedy.
Wipe the froth of your mouth, take some deep breaths and then actually try reading what I've posted dear as I never have and never will defend them.
No ones defending them. All but the paranoid 6 are excepting reality.
Can you return the Wasps Onesie asap as we have now replaced you with a street sign ?
I'm not going to the game now, I hope Simon is happy!Their breakeven attendances is 10k, but they over achieved that and lost £2.4m?
You just can't beat a bit of spin on a Saturday morning. It just wouldn't feel like a a ccfc matchday without a bit of wasps PR.
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Their breakeven attendances is 10k, but they over achieved that and lost £2.4m?
You just can't beat a bit of spin on a Saturday morning. It just wouldn't feel like a a ccfc matchday without a bit of wasps PR.
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No doubt it'll get lapped up by the franchise defenders.
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