Just a few bullet points
Wages costs 2021 financials 13.4m
The club lost cash flow for a period not permanently so any claim if there was one would be offset by the income when match played. Not only that they will have received some of the income anyway.
Any purchaser of acl would have caveats against claims against wasps
How smart is it to alienate acl who ccfc and sisu appear to have built relationships
No one has quantified these so called urgent dilapidation so why is it 20m. Any pur have price would reflect that in any case. If the ground was in such bad condition why are all areas still open and a safety certificate in place.
Any claims would reduce what any purchaser of acl would pay not add to it
No liquidation fees if sold as a going concern. No administration fees unless go into administration
Administration or liquidation fixes debts and claims
Most of the acl Income does not come from sport
Could take months to sort out lease in liquidation and plenty of legals.
Etc etc
Sorry I just dont follow your analysis
Just a few bullet points
Wages costs 2021 financials 13.4m
The club lost cash flow for a period not permanently so any claim if there was one would be offset by the income when match played. Not only that they will have received some of the income anyway.
SO WE WILL GET THE SAME GATE RECEIPTS AT WALSALL?
REALLY?
Any purchaser of acl would have caveats against claims against wasps
WHY WOULD THEY? NOT FOLLOWING YOUR ABSOLUTION ON THIS ONE
How smart is it to alienate acl who ccfc and sisu appear to have built relationships
ACL AT THAT POINT (IE FOLLOWING YOUR POINT THAT ACL IS SOLD) IT WILL NOT NECESSARILY HAVE THE SAME CONTROLLING MINDS (PEOPLE WHO CREATED THE RELATIONSHIP). IMO ACL HAVE CAUSED US MAJOR PROBLEMS SO IF THE CCFC/ ACL RELATIONSHIP CONTINUES IT’S ACL WHO NEED TO BRING THE FLOWERS, NO?
No one has quantified these so called urgent dilapidation so why is it 20m. Any pur have price would reflect that in any case. If the ground was in such bad condition why are all areas still open and a safety certificate in place.
THE POINT IS THAT THE FIGURE REQUIRED / POTENTIAL LIABILITY GOES UP. THE OVERARCHING POINT BEING IT A TACTICAL PLAY. INVESTORS DON’T LIKE POTENTIAL EXTRA LIABILITIES.
Any claims would reduce what any purchaser of acl would pay not add to it
ADDS TO POTENTIAL COST RISK, NO?
No liquidation fees if sold as a going concern. No administration fees unless go into administration
OBVIOUSLY, YOUR POINT?
Administration or liquidation fixes debts and claims
THAT’S A SIMPLE STATEMENT - DOESN’T ALWAYS WORK LIKE THAT
Most of the acl Income does not come from sport
NOT DIRECTLY BUT IT’D BE STUPID TO CATEGORISE IT AS JUST SPORTS FIELD RENT. THE SPORT CREATES FOOTFALL FOR A LOT OF THE OTHER REVENUE STREAMS
Could take months to sort out lease in liquidation and plenty of legals.
GREAT OBSERVATION
Etc etc
Sorry I just dont follow your analysis
THE POINT WAS ABOUT THE TIMING OF BROADCASTING EMBARGO SITUATION AND LOOKING AT ALTERNATIVE ANGLES AS PER THE OPENING LINE OF THE OP, NOT IN DEPTH ANALYSIS. WHAT CARDS COULD SISU THROW INTO THE BLENDER TO HAVE IMPACT ON THE SALE. WHERE HAS THIS MYSTICAL £20m DILAPIDATIONS FIGURE COME FROM AND MORE IMPORTANTLY WHY AND HOW WILL THAT IMPACT? WHAT’S THE CHESS MIVE ?
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It’s good to have debate and other insights and usually your analysis is good. I say that having read your posts over the years.
I think that you, like I trained as a Chartered Accountant before going into other real world business (in my case industry, then involved with commercial law, with M&A MBB etc etc).
Now I’m not as old as you, granted, but in this instance are coming across as pompous.
Take that in.
