Search results

  1. O

    Wasps going into admin & the impact on CCFC

    That's an Administrator appointed by WASPs?
  2. O

    Wasps going into admin & the impact on CCFC

    Does Richardson or his companies still own the right to build on Car Park C?
  3. O

    Wasps going into admin & the impact on CCFC

    The whole exercise at CRFC is to ensure the Rugby Club has security of its own ground So anything else is a no go
  4. O

    Wasps going into admin & the impact on CCFC

    With Lucas?
  5. O

    Wasps going into admin & the impact on CCFC

    At a preferential price of course
  6. O

    Wasps going into admin & the impact on CCFC

    So why no accounts?
  7. O

    Wasps going into admin & the impact on CCFC

    WASPS paid c£15m for the lease they then revalued it to £50m+ on the back of the expected increased revenues over say 200 years They anticipated gates of 20,000+ for their games plus add ons. Which haven't/ won't happen There have been no significant improvements to the stadium but some £20m...
  8. O

    Wasps going into admin & the impact on CCFC

    I suspect very similar to when assessing CCFC to see if it could afford the initial rent at the Ricoh
  9. O

    Wasps going into admin & the impact on CCFC

    CCC are not likely to object to the Bondholders taking over as they have simply moved a problem The Bondholders then have to sell a stadium in a time of high interest rates and with their potential customers being squeezed
  10. O

    Wasps going into admin & the impact on CCFC

    That's why they want a buyer who will take over the lease. So long as the new owner meets the criteria CCC will not have grounds to foreclose
  11. O

    Wasps going into admin & the impact on CCFC

    There is legal process- you cannot just go online and tick a box
  12. O

    Wasps going into admin & the impact on CCFC

    Never has been has there?
  13. O

    Wasps going into admin & the impact on CCFC

    Going in to Admin is CCC' s biggest nightmare so will wriggle in any direction to prevent it
  14. O

    Wasps going into admin & the impact on CCFC

    Not a valuer but I assume you start with the net income if the property fully tenanted and income producing Then establish how long it will take to reach that target. Then apply current investment multiples etc WASPS inflated the value of the stadium to allow for their gates of 20,000+ and...
  15. O

    Wasps going into admin & the impact on CCFC

    £5M was in 2020. When quotes figures it is usually group results Vaughan should be asked what was the net cash flow loss from Covid. They received payroll reliefs plus a big receipt from PRL plus I suspect others
  16. O

    Wasps going into admin & the impact on CCFC

    £10m for Commonwealth Games helping hand,?
  17. O

    Wasps going into admin & the impact on CCFC

    If something is pushed as a "bargain" in the property world - it probably isn't!
  18. O

    Wasps going into admin & the impact on CCFC

    Classic opco/ propco arrangement
  19. O

    Wasps going into admin & the impact on CCFC

    Don't forget Compass also have a charge to satisfy There are anecdotal estimates of £25m for refurbishment and upgrade Whatever the value a purchaser would probably only raise 60% ltv funding None of these lead me to think it's a worthwhile risk for SISU. Until at least someone else leads...
  20. O

    Wasps going into admin & the impact on CCFC

    Not yet?
Top