Grendel
Well-Known Member
No that's wrong.
Didn't you also say they'd be paying the loan off via the naming rights income from the new stadium or was that someone else?
Sorry if this has been said but I am not trawling 14 pages... but this is just a stepping stone the final outcome if they make the club successful in European and Domestic competitions, make the Arena work finacially and pay off existing debts such as the Council loan then in 2022 when the bonds mature they will float the club on the stock exchange in the same way that top football clubs are and that will be how the Wasp owners will make their money.
As you say, there's a big difference between the Wasps deal, and investing £200 in shares of 10 separate companies...
Bear in mind I once owned half a million Millwall shares, and they indeed confirmed it was a high risk investment
How can the ricoh be sold if they don't own it?
I would imagine they're talking about the lease hold not the free hold. Same as when you buy a flat. It's almost always the lease hold you're buying not the free hold and you can still borrow against it.
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)
No that's wrong.
Didn't you also say they'd be paying the loan off via the naming rights income from the new stadium or was that someone else?
ah right didn't know that thanksThere will be European games regardless. Finishing in the top 6 puts you in the top flight competition, which will give better sponsorship opportunities and likely better crowds, but there will be games regardless (just potentially against Romanian sides as opposed to the best in Europe).
Oh what a suprise that you pipe up with more lies! all hail the death knell of these boards has spoken.
I would imagine they're talking about the lease hold not the free hold. Same as when you buy a flat. It's almost always the lease hold you're buying not the free hold and you can still borrow against it.
I said that it was possible the uplift in BT TV money from the new contract could be used to potentially pay the loan back earlier, clearly given the bond option that is not the case but at no point did I state it as fact.Were you the one who said they were paying the loan off with the BT money then?
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.
If you invest in a £100million company for 5 years and at the end the company is worth £30mill. you've lost 70% of your money and may or may not have received dividends along the way, if you had brought bonds in the same company you'd receive all your money back + the interest you received along the way. If the company went bust you could lose all your money either way though the bond owner is in a much better position to receive some or all their money back.
I like investing in funds though, then you own a little piece of thousands of companys across the world, you'll receive your dividends and over a long enough period you should (though no guarantees) make money.
I have the 2k, will I invest it in them no way I would rather stick it in the bank and get tiny interest than give it to them to be honest I would rather put it under my bed than give it to them.
You'll loose £120 ?
The trouble with this post is it sums the life up of a Coventry fan under SISU, rather than discussing the benefits of zonal marking, we are now discussing investment strategies, previously it was receivership and liquidation as well as state aid. Don't think WASPS fans are discussing it with such venom / enthusiasm if I was a WASPS fan reading this I would think SBT stood for "Sadly Bitter & Twisted".
Trouble is as most fans me included want this to go belly up it could take years to unravel and where will CCFC be then
A great deal of non self managed pension pots do see a portion invested in Bonds when someone is 5 - 15 years out from retirement as they are seen as a mid level risk. Inside 5 years this normally reverts to a building society account where a low risk/low return protects the pot.
And that's the difference isn't it? Most companies who operate bonds are big multi national organisations with a proven track record which makes them a good investment and is a method of funding which is quite normal for such institutions.
It's not as normal though for a company this small and with such high risk to be doing this is it?
If it went tits up in 12 months. Sisu would no doubt move us to Northampton in a further attempt to get the Ricoh freehold for a pittance.
Do you think Sisu would even buy ACL for £5.5M encumbered?
No ? It's over so lets get on board with Wasps in the best way we can. It might not be enough but lets talk football.
If the future was looking good for them they would try to keep it all in house.
Or is there a reason why they suddenly have to pay CCC up? I can't see them having to pay CCC more than 6.5% interest as they negotiated a low rate. To me this could be good news for CCC.
You are answering questions you have no factual evidence of the answer. If we can all play that game I predict a financial meltdown and a disasterous end to Wasps tenure in the City within 5 years.
As for getting into bed with a cash poor Rugby team, who are trying to raise 35million of which most of it will be paying off a lump sum to the owner and paying off the stadium loan, why the hell would we jump from one shite owner to another, especially one that has much cash to throw at the team as SISU has.
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 !
I dabble a little in shares. I prefer consumables where the companies pay a decent dividend. I also invest in shares as a long term investment.
There is nothing in this that would make me consider investing. And it has nothing to do with my dislike of Wasps. If the future was looking good for them they would try to keep it all in house. Or is there a reason why they suddenly have to pay CCC up? I can't see them having to pay CCC more than 6.5% interest as they negotiated a low rate. To me this could be good news for CCFC.
The point he's making is that he wouldn't fund Wasps move to Coventry out of principle isn't he?
And of course while he might lose out on £120 of interest equally he won't have risked losing all the money put in.
Have you never payed off all your loans by taking out a more advantageous rate or extended the loan length. Of course you have
Correct they wanted to move here so should fund it themselves if they can't afford it they shouldn't have bought it.
You'll loose £120 ?
Correct they wanted to move here so should fund it themselves if they can't afford it they shouldn't have bought it.
No problem with anybody getting funding for a project myself, but would assume that they have tried the more traditional route of getting funding from large financial institutions and none touched them with a bargepole, hence this bond.
Agreed, this is like Fisher building a new ground for us on the never never then asking to borrow a shit load of money while claiming we're the richest club in Europe!
would assume that they have tried the more traditional route of getting funding from large financial institutions and none touched them with a bargepole
I find it interesting that with the money, richardson will pay himself half the money wasps owe him (£10m).....
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
I would suggest it would have been wise of the council to see proof of funds prior to selling ACL to them.
I thought it was just SISU that is milking clubs, taking money out etc etc.
Imagine if she publicly asked people for some money to pay herself back.
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