But then it was badly-managed, was loosing money, and had no tenant.
But then it was badly-managed, was loosing money, and had no tenant.Which is ( the stadium) considerably higher than the valuation used when ccc sold it to them.
If I cant pay my debts and have to 'refinance' them, most people would consider me to be 'insolvent'. I fail to see how it's any different for a London Rugby club.
Poor analogy. The bond is a bit like an interest only mortgage rather than a repayment one.You can pay off your mortgage then?
Poor analogy. The bond is a bit like an interest only mortgage rather than a repayment one.
It still doesn't make them insolvent though does it?
It will make them homeless if they can't afford to pay for it. Not exactly solvent is it?It still doesn't make them insolvent though does it?
It makes them reliant on borrowing to exist, but I suppose that is the way in the age of credit.It still doesn't make them insolvent though does it?
Glad this thread has stayed here. Never really did see the point of having a separate Wasps section.
Are they Wankers because they only get 6.5% and their money back when the bond is reissued or because they could have got 10% with SISU/CCFC and no chance of there money back ?Wasn't this said by nearly everyone other than wasps wankers, that they won't be able to pay this. They have to pay back 35m + interest by the year 2022, it was never feasible.
Are they Wankers because they only get 6.5% and their money back when the bond is reissued or because they could have got 10% with SISU/CCFC and no chance of there money back ?
only here don because everyone thought it would be something to do with CCFC - it isnt
I know, it isn't and it hasn't been moved. Which I think is good, personally.
There are some people on this site who think that SISU are killing time waiting for Wasps to have to sell the Ricoh.
So personally I think any stories such as this still have a relevance here and people choose to read them or not.
I also think when Wasps are doing something marketing or promotions wise that we are not it's worth going on here and discussing as well. Whether CCFC should be doing the same or not.
Are they Wankers because they only get 6.5% and their money back when the bond is reissued or because they could have got 10% with SISU/CCFC and no chance of there money back ?
Not really the same is it? It would be like buying a house for £250K and the bank giving you a £2m mortgage!You can pay off your mortgage then?
This is why its in Wasps advantage to suppress CCFC. Increase costs at the Ricoh alongside a poorer matchday experience is of benefit to Wasps. In the unlikely event we got back to the Championship or PL it would inevitably have an impact on Wasps both in terms of attendance and local sponsors.What about when the bubble bursts and a few people don't go anymore.
They're wankers because they shouldn't be here.
Why are you making out they get deleted or moved to a different site? It goes to a sub forum FFS.
Not making out anything. That's exactly what I mean the sub forum FFS.
Much better off having it here in the main section where everyone reads.
As long as it in someway may affect CCFC. Such as Wasps accounts, sponsorship deals marketing ideas that CCFC could use. Especially those who think Wasps will go bust and we are waiting in the wings to pick up the pieces.
I get news about Wasps scores or who they sign not been here.
Yes, it goes to a sub forum on the same site. If people want to read it they will. It's how forums work.
More people will be on this today discussing it, than if you knew beforehand and tucked it away in the sub forum.
I accept a lot of the discussion is on Gilbert's build up. However more discussion is now stimulated and us about the actual finances.
If this was known to be about the finances and Wasps straight away and put in the sub section, there will be many who would not even know it is there.
Not making out anything. That's exactly what I mean the sub forum FFS.
Much better off having it here in the main section where everyone reads.
As long as it in someway may affect CCFC. Such as Wasps accounts, sponsorship deals marketing ideas that CCFC could use. Especially those who think Wasps will go bust and we are waiting in the wings to pick up the pieces.
I get news about Wasps scores or who they sign not been here.
Not really the same is it? It would be like buying a house for £250K and the bank giving you a £2m mortgage!
We know lots of businesses survive on credit but a lot also go out of business and nobody knows how things will stand when they need to renew the bonds, will be interesting if they fail to meet the conditions of the bonds and the valuation, and lack of the required second valuation, has never sat well with me.
Its certainly not Wasps about to go out of business but it would be naïve to suggest its all plain sailing for them.
This is why its in Wasps advantage to suppress CCFC. Increase costs at the Ricoh alongside a poorer matchday experience is of benefit to Wasps. In the unlikely event we got back to the Championship or PL it would inevitably have an impact on Wasps both in terms of attendance and local sponsors.
All this makes me wonder what will be revealed next. The two most recent articles from the CT don't really sit with the message they have been pushing for the last couple of years - why the change?
They'll just refinance it.
As long as they can pay the high interest rate investors will continue to be happy.
That's not a financial answer though.
Financially they are better off here than Wycombe, surely ?
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Depends on the debt. Depends if they can pay it back.
Getting low attendances but being solvent is better than a big shiny stadium, loads of free tickets and tacky flags and being insolvent, isn't it.
Yes loving watching CCFC at the moment and hating watching Wasps
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Depends which way you look at it.That's not a financial answer though.
Financially they are better off here than Wycombe, surely ?
I don't hate watching Wasps. I will never waste my money watching them.Yes loving watching CCFC at the moment and hating watching Wasps
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