Nick
Administrator
Didn't you just say you aren't going to post any more in reply to me making a perfectly valid point to you?
It's almost as if you are just trying to get a bit of a flounce on the go and no interest in the actual points.
Didn't you just say you aren't going to post any more in reply to me making a perfectly valid point to you?fuck me..the secret society have found me guilty by kanagroo court...see you all know best ( Nick/DOD and CM etc........)..its exactly as i said..you all pounce on peoplee who se views you disagree with !
no............just proving my point and saying as i see it..have a go at the next poster!!!!
you should stop jumping on people you disagree with..calling themcouncil rent boys etc
You might want to have a read back through the thread, then get your memory checked out.no............just proving my point and saying as i see it..have a go at the next poster!!!!
you should stop jumping on people you disagree with..calling themcouncil rent boys etc
totally agree...and thank you for your support..that s certainly my experience....which is why i do not bother...and wish i hadnt bothered this eveningYour’e fighting a losing battle, pal. Most threads are ruined by bickering, name calling and eventually being told to ‘fuck off’! Reasonable discussion is stifled by this and your view is only valid if you’re on here most hours of the day.
sorry..i have beencalled george ,rent boy etc..my comment wasnt just aimed at you..it was aimed at some of your palsYou might want to have a read back through the thread, then get your memory checked out.
The only person jumping is you it seems. I just pointed out the only way wasps lose a penny is if the council is found to be in the wrong, seemed to trigger you.
Your’e fighting a losing battle, pal. Most threads are ruined by bickering, name calling and eventually being told to ‘fuck off’! Reasonable discussion is stifled by this and your view is only valid if you’re on here most hours of the day.
Didn't you say you weren't posting anymore renters?totally agree...and thank you for your support..that s certainly my experience....which is why i do not bother...and wish i hadnt bothered this evening
You still haven't replied to my points in reply to you, it's almost as if you have no interest at all in what is being said and just want to act a victim.sorry..i have beencalled george ,rent boy etc..my comment wasnt just aimed at you..it was aimed at some of your pals
Read the thread for what? You aren't making any sense. You have no interest in the discussion.as you would say nick...read thr threads........................ hopefully i have made my point...i will not rush back to make any further posts..if others feel like me..there will be very few left on here..would be itersting to see how many active members there are compared to afew years ago
Fuck off mate, you've come here to post pro council bollocks. Now weren't you leaving?sorry..i have beencalled george ,rent boy etc..my comment wasnt just aimed at you..it was aimed at some of your pals
Feel free to expand upon it. You aren't making sense.no..sadly you have your head in the sand
class!Fuck off mate, you've come here to post pro council bollocks. Now weren't you leaving?
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as you would say nick...read thr threads........................ hopefully i have made my point...i will not rush back to make any further posts..if others feel like me..there will be very few left on here..would be itersting to see how many active members there are compared to afew years ago
Exactly. Then SISU pick up the ground at the accepted market value. Would they pay that?
How would it work with the bond if it's secured?Well the attached debt in the form of the bonds would essentially die with Wasps. All of a sudden the Ricoh is a lot more palatable and has a lot more potential.
How would it work with the bond if it's secured?
Isn't there something about the lease extension falling away if they go bust, so ACL goes back to the remainder of the original 50 year lease. Sure I've seen something like that mentioned.That’s the bit I struggle with. In theory the long-lease would be sold to cover the liabilities. However, I only have knowledge of what I would call the usual process of defaulting debt where there is one creditor, rather than x amount of creditors. The long-lease would never be sold for anything like the valuation that has repeatedly been placed on it, and this is something you’d expect to be factored into a standard secured lend. A bank for example would probably gear up to 50% of the value. I can’t recall the initial valuation but I don’t remember it being around £70m. They’d likely have to sell at a ‘loss’ and write off a portion of the debt.
Of course, I could be way off the mark as I don’t know much about the bond market....
Isn't there something about the lease extension falling away if they go bust, so ACL goes back to the remainder of the original 50 year lease. Sure I've seen something like that mentioned.
Hypothetically, the Long Lease would revert to the council if Wasps go out of business, meaning Council would have to sell short lease at the new non-state aid price (whatever that might be). Only way I could potentially see SISU gain out of this directly is if Wasps do end up in dire straights, they themselves could be available at a knock down price...It’s a distressing tactic, surely? Prove state aid, Wasps have to pay more and then go out of business, SISU pick up the stadium at a knock down price.
You really are a nasty, sneering and abusive piece of work to those who don't share the same viewpoint. It's also unfortunate (at best) that posts such as the one you have written are not immediately moderated and deleted. We're not always going to agree on many themes but resorting to 'just fuck off' to fellow fans in response to a counter viewpoint should be completely unacceptable in a forum read by a large cross section of our support (including kids).Just fuck off
You really are a nasty, sneering and abusive piece of work to those who don't share the same viewpoint. It's also unfortunate (at best) that posts such as the one you have written are not immediately moderated and deleted. We're not always going to agree on many themes but resorting to 'just fuck off' to fellow fans in response to a counter viewpoint should be completely unacceptable in a forum read by a large cross section of our support (including kids).
Agree they are the main culprits, but did they have the luxury of time to complete due diligence and actually understand what was being bid for? In addition did they have the offer of the lease extension which is where the true value lies? I'm pretty sure that id CCC were up front about what was for sale, what that actually included, and the long lease was available for the £1m or so the council asked for, SISU would've bitten their hands off.What I don’t understand is i thought Sisu said the Ricoh was worthless and wasps paid more than zero didn’t they? How much did Sisu offer? Was it £30m that they said wasps should have paid? I am happy the council and wasps have a lot to answer but Sisu’s stance has caused the most damage to our club
What I don’t understand is i thought Sisu said the Ricoh was worthless and wasps paid more than zero didn’t they? How much did Sisu offer? Was it £30m that they said wasps should have paid? I am happy the council and wasps have a lot to answer but Sisu’s stance has caused the most damage to our club
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