Let you know when I see the details.
I didn't say that they didn't get it cheap I said the council took the best offer.
We know that Sisu have not made a sensible offer (according to council announcements saying they would listen to any realistic offers)
What other offers were on the table? From what we have seen wasps are paying £5.5m for 100% ACL, £1m to extend the lease by 208 years and will take on the liabilities of the £13m loan.
We know sisu offered c£5m for Higgs 50% on the proviso they could but the YB loan, they then offered £2m without the loan. Seems to me at first glance this deal is worse than sisu's original one.
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What other offers were on the table? From what we have seen wasps are paying £5.5m for 100% ACL, £1m to extend the lease by 208 years and will take on the liabilities of the £13m loan.
We know sisu offered c£5m for Higgs 50% on the proviso they could but the YB loan, they then offered £2m without the loan. Seems to me at first glance this deal is worse than sisu's original one.
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Didn't SISU want to pay over time with no guarantees ?
Also was the £2M only offered because it was a charity and in reality SISU said it was worth nothing?
I may be guessing, or using others peoples guesses but does anybody know what has really gone on?
I think the best information is from the JR and that was damning of SISU.
Would anyone really want to deal with SISU or share what is a risky move for Wasps.
Would SISU want Wasps to go bust (or vice versa) during any 50% share ?
Haven't wasps got the stadium got the stadium on the cheap?
Very good question.
A year ago the arena was said to have no value without a football club by many. If they were right then 20m is a very good price.
I was the same as many and didn't agree that the arena was valueless without a football club. So I would agree that they have got it cheaply. But saying that we don't know about the finances.
I really doubt that .
It might not be the last asset to be disposed of...
http://www.coventrytelegraph.net/news/coventry-news/coome-abbey-city-assets-worth-8035815
Yes all local councils are having to do that...
Then when they have all sold the family silver, our council tax will double and they will have to sell the last few souls to the Devil.
It might not be the last asset to be disposed of...
http://www.coventrytelegraph.net/news/coventry-news/coome-abbey-city-assets-worth-8035815
Misleading, how many clubs have a matchday only rental deal, with no/little access to matchday revenuse and no access to 365 day year revenues?
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And just how many clubs have the facilities to offer 365 days a year ?
And just how many clubs have the facilities to offer 365 days a year ?
We could have had one:thinking about: Wasnt worth anything though :facepalm:
Indeed...
Some day, somebody will think long term...
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