Liquid Gold
Well-Known Member
Shame we will never own the stadium we spent £50m to build now a London rugby club owns it
You are right he forked out 10 million for it
Less than half we got offered the rights to our own match day revenue..You are right he forked out 10 million for it
Shame we will never own the stadium we spent £50m to build now a London rugby club owns it
I know they bought it, for nearly 6 million and took on responsibility for a 14 million loan.
Pretty good business, however not according to us, a deal we would not have done.
Less than half we got offered the rights to our own match day revenue..
you sounds pleased by their business?I know they bought it, for nearly 6 million and took on responsibility for a 14 million loan.
20 million.
Pretty good business, however not according to us, a deal we would not have done.
The one the councillors were saying was over priced?Didn't we have half of ACL agreed for 5.5 million, but then said 2 million if it's a cash up front payment?
Wrong it's £6 million and there was no discharge of the loan in the purchase consideration. OSB has already explained this many times.
Why you ignore an expert like him is very odd. Almost like you have an agenda to peddle.
It's also worth noting the only deals the club were offered have been;
£24 million for f and b rights
£6 million for the Higgs share of ACL complete with all associated costs
On the first point though your statement as proved is factually immaculate - the payment was £6 million and that's the shareholder value at the time.
I'm sure you must remember. I'm sure you bragged at the time that the continuation of the loan by the council actually gave rewards to the tax payer in terms of interest income.
Wish it was usyou sounds pleased by their business?
Never will be us now and you're happy a deal was done at that price to a London clubWish it was us
Who is paying the loan off?
A bond is paying it off.
The shareholder value was £6 million. You are just wrong and that's it I'm afraid. You may not understand it but that's your problem not mine.
The purchase was £6 million and the council had the loan. If you have a house worth £100,000 and it's got an £80,000 mortgage and you pay it off it's worth £100,000
You confuse costs with value and sorry you are just wrong and anyone with any business knowledge will say that.
That's where you're going wrong. Nobody took responsibility for the loan. ACL owed the money when they were owned by CCC and Higgs and ACL still owed the money when they were taken over by Wasps.To get ACL the price was just under 6 million and take responsibility for the loan.
That's where you're going wrong. Nobody took responsibility for the loan. ACL owed the money when they were owned by CCC and Higgs and ACL still owed the money when they were taken over by Wasps.
The fact that Wasps have chosen to refinance via the bond, and in the process increase the level of debt, doesn't come into it.
That's where you're going wrong. Nobody took responsibility for the loan. ACL owed the money when they were owned by CCC and Higgs and ACL still owed the money when they were taken over by Wasps.
The fact that Wasps have chosen to refinance via the bond, and in the process increase the level of debt, doesn't come into it.
here we go again. This isn't a thread about transfers..
Furthermore the bond issue covered both the loan amount and the amount that ACL was purchased for.
You could easily argue that Wasps investment level is zero pretty much.
Perhaps all the people lauding up their business acumen would also be happy to donate to a crowdfunding project to buy CCFC and build a stadium...
Something tells me the enthusiasm might not be as prevalent.
Great idea, would prefer someone else to run though.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?