When CCFC recently bid for 50% of the Ricoh, they had to look at it from an Insolvencyperspective ie what happens if Wasps were to default on the loan repayment (whichmight be as much as approximately £2m per year on the new 20 year loan term). TFdoes not want the club to go through that situation again and recalls 2nd August, wherethe club nearly went out of existence.
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apparently the loan 14.4m is payable at 5% pa interest (source filed accounts) We are told that the loan period has been shortened to 20 years. That equates to loan repayments of 1,140,396 per annum. They are currently paying 815,400 pa
Buying the shares in a company does not mean that you take responsibility for the loans it has - unless you provide guarantees in addition. The risk is that you lose the sum you purchase the shares for..... in this case 5.5m
It would be possible to study and discount any site without involving the local council wouldn't it? Just means you were not that serious on a particular site in the first place
Interesting the size of the sites varies so much. Ansty 100 acres Brandon 26 acres Ryton 23 acres net(?) Were we not told that the stadium and academy set up needed more like 60 acres+?
Sorry but like many other things that TF/SISU said/say the dots don't actually join up and stand scrutiny