A bit random I know but Wasps could easily gross £750,000+ from this forthcoming match with Leicester Tigers. They are obviously basing their optimistic pay back terms on big paydays like this one ? If it's on TV you can add another big wedge !
What is worrying is people who suddenly have access to there pension pots see headline rates of 6.5% which is more than double high street rates .. And put there money in not realising they could loose it all .. They are not covered like high street banks .. Does anyone know of any upcoming stadium concerts .. As they make a big thing about the venue being used
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What is worrying is people who suddenly have access to there pension pots see headline rates of 6.5% which is more than double high street rates .. And put there money in not realising they could loose it all .. They are not covered like high street banks .. Does anyone know of any upcoming stadium concerts .. As they make a big thing about the venue being used
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Every time we find out any new details the whole thing seems to stink more and more. What we're basically seeing now is CCC have sold ACL to a company that doesn't have the money to pay back the loan, doesn't have the money to run their own business and doesn't have the money to run ACL!
This would be like Fisher coming out and asking the fans for money to pay back SISU and pay for a new ground and cover any losses for the next few seasons. I know councils can make some odd decisions but how on earth did they fall for this. They must have taken everything Wasps said on face value and not asked for evidence of anything.
I'd buy into CCFC if I thought they provided a product.
Maybe but much of your debate has been centred round HOPING they fail dismally. Thing is they managed just under 17000 yesterday as well and if you can stomach a look at the Telegraph 'fan' photos they look like they're having a lot of fun. I don't think you are a rugby fan either and therefore can't appreciate the different atmospheres at games. I went to Cov Rugbys last home match and Cov City's and I can tell you for me at least now it's different gravy, Rugby is a growing spectator sport whilst football outside the top echelons is a poor experience by and large. I too worry about these imposters but they won't fail just because a handful of us City fans want them to.They';re dependent on the few big games however (less if they cock up European qualification) and also holding onto people who are going currently out of curiosity. The trajectory of attendances at Wycombe (and the football club's after moving ground, for that matter) suggests the latter may be a particular challenge.
You're not seriously suggesting that if Fisher came out and said fans should pay out a few grand each to pay back SISU everyone would be lining up saying its a great idea?
Maybe but much of your debate has been centred round HOPING they fail dismally. Thing is they managed just under 17000 yesterday as well and if you can stomach a look at the Telegraph 'fan' photos they look like they're having a lot of fun. I don't think you are a rugby fan either and therefore can't appreciate the different atmospheres at games. I went to Cov Rugbys last home match and Cov City's and I can tell you for me at least now it's different gravy, Rugby is a growing spectator sport whilst football outside the top echelons is a poor experience by and large. I too worry about these imposters but they won't fail just because a handful of us City fans want them to.
The brochure refers to past concerts and the fact it hosts the Davies Cup - a privilege they pay for I believe.
Oooh....6.5% return eh....
If it looks too good to be true......
"A Fool & his money...." etc. etc.
I don't think you are a rugby fan either and therefore can't appreciate the different atmospheres at games.
6.5% is pretty normal for a corperate bond, personally I think should be a couple of percent higher.
Severn Trent waters corporate bond pays 6.125% it was for 12 years not 7 though but to me that still would have been a more appealing deal.
You can't directly compare bond rates across companies because they will have happened a different times and be for different lengths.
So while you should keep that in mind - Direct Line 9.125% (27 more years), Marks and spencer 6.125% (5 more years) BT 8.625% (5 more years) John Lewis 8.375% (4 more years) rolls royce 7.375% (1 more year) Barclays 7.125% (34 more years)
5's and 6's% are the most common corporate bond rates at the moment.
Is anyone who supports Wasps here prepared to put their money where their mouth is, and buy one of these bonds?
No especially as the shares were given away to SISU for nothing but if we were in the PL with a track record of playing in the Champions League then a share issue would have some takers
Not entirely true or fair. Just because I don't see you doesn't mean I've never been (managed the likes of Pontypool as well, now there's an experience!) and a certain schooling in the past from family with a particular dedication to following CRFC.
That, then, tells me the secure base to build a club is not there.
it also tells me (and on this I do have a fair track record to call it, based on what I do in the real world) that currently it's all built on sand, and *is* by no means a foregone conclusion.
I'm taking it I would recognise you then ?
Italia first in the queue
Would need to understand it better and what the risks are.
A quick look suggests that the return is excellent but there must be a catch I'm missing.
After tax it works out at about £70 a year in interest assuming you have to pay the full tax rate.
The catch is - the company goes down then so does your money.
Also it's not excellent as a rate compared to other bonds ran by companies with a proven stable financial history.
yeah because assuming he makes £150k a year for income tax purposes is the reasonable starting point, do you ever look at anything fairly?
yeah because assuming he makes £150k a year for income tax purposes is the reasonable starting point, do you ever look at anything fairly?
yeah because assuming he makes £150k a year for income tax purposes is the reasonable starting point, do you ever look at anything fairly?
tbf, the reason I don't pay the full tax rate is another major reason why I don't indulge in high risk high return investments.
As I don't have a spare £2,000 I can afford to just write off...
tbf, the reason I don't pay the full tax rate is another major reason why I don't indulge in high risk high return investments.
As I don't have a spare £2,000 I can afford to just write off...
Personally I think more "normal" people should invest in the stock market (of course most already are in a pension) but investing in something like this bond isn't the way to do it. Bonds are less risky than shares but having just one companies bond or one companies share is incredibly high risk. Passive funds are the way to go for most people imo.
It's a bond, a loan basically, if you buy £1000 worth of Wasps (or any other company or government bond) you will be lending the company £1000, in return you will receive interest at the rate they set out (in this case 6.5%) and you will get your £1000 back in 7 years time (in this case, bonds can be any specific length). If you want your money before then you would need to sell your bonds to someone else (which is easy to do at a stock broker), the value of these bonds will change based on how risky people think they are and the interest rate (of the country) and predicted interest rate (of the country) (because while the bank of interest rate is 0.5% a bond paying 6.5% sounds good, if the bank of england interest rate rose to say 7% then the bond would be worth less because it has risk and is generating income at a lower level than a safe bank account, it would still pay the holder £1000 at the end of the 7 years though).
There is nothing abnormal about this, this is how many companys raise capital, it's also how the government borrows money to run the country, government bonds though will pay a much much lower amount of interest because while there is a reasonable chance acl go bust, the chance of the country going bust is tiny.
for the most part bonds are often safer and less volatile than shares
I think this shows very strongly (especially if they actually manage to sell all the bonds) that the new council loan was an excellent deal for the council at 11% interest and is much better than commercial rates for the amount of risk. (just to be clear that is not the same as saying selling the ricoh was an excellent deal for the council, I believe wasps got it cheap)
I won't be investing though I'd want more interest than 6.5% to justify the risk.
But isn't that exactly the sort of person who will have money to throw at something like this? People on average salaries aren't making investments like this.
They only need 2 points from 2 games to guarantee European rugby next year apparently, my brother says his season ticket also includes all three home European games (if they qualify)They';re dependent on the few big games however (less if they cock up European qualification) and also holding onto people who are going currently out of curiosity. The trajectory of attendances at Wycombe (and the football club's after moving ground, for that matter) suggests the latter may be a particular challenge.
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