http://www.coventrytelegraph.net/news/coventry-news/wasps-rfc-early-loan-repayment-9040895
Not sure what they plan does say business is booming, depends on the starting position really doesn't it? I think it says they are confident enough to seek better sources of finance but until we know more you could also see it as they cant afford the current deal.
The hearing on 7th July is not the appeal against judgement it is a hearing to seek permission to appeal to a higher court
Can the money from the repaid loan be used to prop up current services? Doesn't it depend on the "pot" it was taken from in the first place?
Any budget planning for 20 years can only be outline at best and would have to factor in potential for change in circumstances. In this case it would factor in alternative uses for the money which to be fair the article does point to. The income effect is a loss of under £1m revenue out of an annual budget that was 476m in 2013/14 or a 0.21% variation
RBC says the meeting 11/03/15 with TF etc was to discuss the planning application process it was not it seems about any specific sites
As the main remedy under the JR is to order the repayment of a loan if it was illegal then it would seem that remedy would be null and void. For SISU to claim compensation from CCC they will I would guess need to prove a contractual obligation existed between the club/SIUS/ARVO/SBS&L/Otium and CCC/wasps when the deals were done - its difficult to see that there was from what we know
SISU seem very quiet of late ....... in the past it has signalled that they have something going on in the back ground:thinking about:
Any way match tonight ...... think we will be all but safe with a 2 nil win
![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
maybe need one more draw after that