Ricoh loan paid in full (1 Viewer)
- Thread starter Sky Blue Pete
- Start date
deanocity3
New Member
which means cov council miss out on £10m interest payments
Interesting, very interesting!
Why take out the loan in the first place ( less than 9 months ago )?
Suddenly announcing it's paid-off in full including interest, very strange, no gain from early settlement.
Would you do that if you'd got 20 years to pay it? Always assuming everything's above board!!!!!!!!!!
deanocity3
New Member
wasps have sold £35m in bonds which has enabled them to clear loan
italiahorse
Well-Known Member
hutch1972
Well-Known Member
Without wanting to sound like a scratched record , the loan has been repaid by means of another loan, and a more expensive one at that.
As someone rightly said on another thread had sisu been the ones to remortgage acl to the tune of 35 mill there would have been hell to pay.
italiahorse
Well-Known Member
It's not mortgaged it's based solely on a business case, future profits and investors/fans getting a good interest rate.
skybluetony176
Well-Known Member
£10M are you sure? Wasn't the loan for £14M?
Grendel
Well-Known Member
Same as wasps you mean but they got it at half the price you thought was acceptable?
Grendel
Well-Known Member
Yes and the interest?
italiahorse
Well-Known Member
They got it at the market value for distressed empty stadium.
Grendel
Well-Known Member
So what you are saying is we should have paid more than them as we added the value?
Was that your view in 2013 when you actively supported the rent strike and actively supported Sisu?
(Quotes at the ready)
italiahorse
Well-Known Member
You keep trying. Jog on .....
Les, Les, those Waps bastards again!
Grendel
Well-Known Member
Jog on with what?
Fact is wasps have bought you.
You've parted your legs and are now part of their PR machine.
italiahorse
Well-Known Member
Keep jogging ..........
Grendel
Well-Known Member
So you just do it for the pleasure do you? Not the signicant financial gain?
kg82
Well-Known Member
Debate won
James Smith
Well-Known Member
hutch1972
Well-Known Member
Mortgaged or secured , it makes no difference to me. Fact is its another loan which will need to be repaid.
Only time will tell but from destitute to one of the richest rugby clubs in the world in the blink of an eye. Russian roulette springs to mind.
oldskyblue58
CCFC Finance Director
Its going to depend on what value for the long lease they put in the financials. Very basic (and not accurate obviously)....... The Wasps group last accounts had a negative £10m balance sheet. They have now added in ACL which was 6m positive. Put the lease valuation of £48.5m (uplift from 23m) in and offset that against the increase in loans (35m less loans paid off £24m) take out the losses since 2014 accounts and other consolidation adjustments and you have a positive balance sheet of over £15m I would guess. That's a £25m shift.
The lease value we might raise eyebrows at and think how? but it has been given publically in a legal stock exchange document by specialised professional valuation experts who would have an eye on the risk of overstatement
Its moving figures around within a new group structure - or tidying up the balance sheet as some put it
The lease value we might raise eyebrows at and think how? but it has been given publically in a legal stock exchange document by specialised professional valuation experts who would have an eye on the risk of overstatement
Its moving figures around within a new group structure - or tidying up the balance sheet as some put it
Ah the books were a mess
jimmyhillsfanclub
Well-Known Member
Can anyone tell me if there was an early redemption penalty?
...Or was liar lucas & her 2 faced team of cunts more concerned with fucking SISU (and consequently CCFC & CRFC) up the arse to worry about actually protecting the peoples money??
...Or was liar lucas & her 2 faced team of cunts more concerned with fucking SISU (and consequently CCFC & CRFC) up the arse to worry about actually protecting the peoples money??
torchomatic
Well-Known Member
Yes, I think it was all about getting one over on SISU. Same attitude as the majority of here.
Grendel
Well-Known Member
No redemption clause - just the council that can't stop giving - as long as you are a franchise from London that is.
Terry Gibson's perm
Well-Known Member
Slightly of track but when do we expect the Wasps Telegraph to start sponsoring a stand at their beloved Wasps Arena?
That's a pretty poor thing to say, yes the council decision was probably partly based on spite but most posters views on here were provoked by the actions of SISU, it's not like they have been angels and the nasty Coventry fans all took against them is it ? You reap what you sow and all that !!
Covstu
Well-Known Member
most of the posters on here do not hold the future of a football in their hand though
skybluetony176
Well-Known Member
Is it? It's boring that you and Grendull think you have something on him that's going to make you look heroes when you say "I told you so" I'm sure you'll get some likes from the usual sycophants but you'll both still be boring.
So why don't one of you pair stop trying to be LR and just spit it out? Or is the illusion of a smoking gun more important in your little roll play than what you actually have to say? Assuming you actually have something to say?
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