Who got the £4m ? Was that ACL in 2009
WASPS extendedthe deal no doubt there was another up front cash deal ?
So WASPS can't help CCFC cos they have already taken the vast majority of the F&B profits via an upfront payment
Acl got to £4m, i think that was after 2009 when acl were setting up IEC, I'm not sure whether compass paid wasps or the other way around. From the Trust FAQs acl only got 12% profit from the f&bs when asked pre Northampton, now it seems they get 30%.
Edit it was £4m in 2014.
http://www.skybluestalk.co.uk/index.php?threads/42975/
The contract to deliver hospitality is different to the £4m for shares in IEC.
Would they have even paid to get the contract? I'm not so sure, I imagine it was like the similar model to what ccfc have done to the shop. Acl were struggling financially so commissioning out hospitality meant not having the costs or risks, just access to a small profit after compass took their share.
Whichever way you look at it there's no chance of ccfc buying into it.
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