Many things are uncertain at the moment, but I guarantee if the council can help get Wasps back to the CBS, then they will.
It isn't about what will work or what is right. It's still about gravy trains and egos. That could of course change. I fucking hope it does...
But what have they taken out fees for Maddison, Bayliss, McCallum, Hyam plus other bits and pieces like the Thomas extra fee for transferring to Newcastle.View attachment 27016View attachment 27016
Just going back to what we thought SISU needed to walk away, I dug out this old chart from Swiss Ramble.
It looks plausible and since then (2021) I think SISU put in another £5m
Is that £57m of debt? (Gross) and then there’ll be another £2m of “interest”.
I waffled before about CCFC being shown as £60m on their books.
Just saying.
Red one is Dark Chocolate, it's been around Donkeys years, well atleast 50 odd years.This is the first I'm hearing of the red one, that'd be much more my style
Pretty straight forward fella, Bounty are being taken out of Celebrations for a trial period. The shortage will be made up with an equal distribution of the other confectionary.I’ve read every post in this thread and I’ve not got a clue what’s happening
View attachment 27016View attachment 27016
Just going back to what we thought SISU needed to walk away, I dug out this old chart from Swiss Ramble.
It looks plausible and since then (2021) I think SISU put in another £5m
Is that £57m of debt? (Gross) and then there’ll be another £2m of “interest”.
I waffled before about CCFC being shown as £60m on their books.
Just saying.
View attachment 27016View attachment 27016
Just going back to what we thought SISU needed to walk away, I dug out this old chart from Swiss Ramble.
It looks plausible and since then (2021) I think SISU put in another £5m
Is that £57m of debt? (Gross) and then there’ll be another £2m of “interest”.
I waffled before about CCFC being shown as £60m on their books.
Just saying.
But what have they taken out fees for Maddison, Bayliss, McCallum, Hyam plus other bits and pieces like the Thomas extra fee for transferring to Newcastle.
Big Mike in the portrait behind Commissioner Gordon
So anyway, what do we think SISU need to let go?£57m in actual money they have invested in CCFC no. In terms of manufactured debt i should imagine its well north of £100m if you add in the pseudo manufactured debt of the preference shares
the £28.6m (a) wasnt all put as cash <at best around £18m> and (b) sits in SBS&L not Otium without being secured on anything so is not a liability of CCFC/Otium (c) has been moved around different funds so probably on their investment books has very little value now because of that.
No, I think the council were playing nicey nicey on the outside, rubbing their hands together thar the club were keeping acl out of admin, whilst talking to NEC/Mike Ashley to do a deal (possibly knowing SISU wouldn't attempt to do anything until asmin!??)Yeah but we haven’t got any money so presumably a potential future owner is covering it really.
How much is SISU debt and how much is legacy debt? Could Ashley buy Otium for £20m then SISU Put SBSL in admin and finish that company?Its £20 million in Otium entertainment
Just saying
So anyway, what do we think SISU need to let go?
There must be a wiped face figure that doesn’t create a ripple in their set up.
Is £60m far off?
Thats a bit radicalI fuckin hate coconut so I'm well chuffed.
I'm off to stock up and get diabetes!
Again where is the diffinitive evidence that the club put the money in?No, I think the council were playing nicey nicey on the outside, rubbing their hands together thar the club were keeping acl out of admin, whilst talking to NEC/Mike Ashley to do a deal (possibly knowing SISU wouldn't attempt to do anything until asmin!??)
No chance with Cov Rugby. They have their own plans and are part of the longterm regeneration of Spon End. No way will they want to play at the CBS. They have a long lease at the BPA and planning permission.
Besides the BPA has a great atmosphere even with just 2,000 to 3,000 in it.
Go hard or go home!Thats a bit radical
Which could resemble what their partner was willing to venture if they were willing to bid prior to the admin?What is in Otium I’d assume
What about that Green King or whatever stadium in Hinckley. Anyone significant using that?Would actually make a lot more sense for phoenix Wasps to share at the Butts.
At least it's handy for the train station for their genuine supporters and it's not too big!
And as a Cov rugby fan I'd be more than happy to politely welcome their new owners with a warm shake of the throat and a cheery "fuck off and find somewhere that wants you" if they tried suggesting it.
I didn’t think it was that straightforward.What is in Otium I’d assume
Yay! Can we start a club?I’ve read every post in this thread and I’ve not got a clue what’s happening
I didn’t think it was that straightforward.
Thought pre-admin SISU had blown £30m of real money and parked £30m of GR debt somehow and had to convert to shares to get the Golden Share?
They didn’t write off their original £30m and swerved it around their funds and still need it to balance off. Since admin another £20m spent plus “interest” getting to £57m as a level get out.
It seemed a bit convoluted to the extent that it’s not straightforward to me.
Again would the partner willing to take 50%stake in the arena transaction been pitching £30M at it?I didn’t think it was that straightforward.
Thought pre-admin SISU had blown £30m of real money and parked £30m of GR debt somehow and had to convert to shares to get the Golden Share?
They didn’t write off their original £30m and swerved it around their funds and still need it to balance off. Since admin another £20m spent plus “interest” getting to £57m as a level get out.
It seemed a bit convoluted to the extent that it’s not straightforward to me.
Again where is the diffinitive evidence that the club put the money in?
I have a feeling that Joy might have a different view on those losses never being recovered.Yes it’s that straightforward- for a start you don’t have to buy SB and L to buy Otium. The debt in that company is losses that are never going to be recovered
It also has never been anywhere near £57 million which has been explained
I have a feeling that Joy might have a different view on those losses never being recovered.
Yes it’s that straightforward- for a start you don’t have to buy SB and L to buy Otium. The debt in that company is losses that are never going to be recovered
It also has never been anywhere near £57 million which has been explained
Ignoring Paxman 3 for a minute what then is the break even figure to get SISU to leave?
I think it’s £60m - and that is leaving any assets (player contract values, training ground, toilet rolls, golden share) in the business and handing over the keys as it were. I think SISU get out of jail and tidy their books and historic losses for that.Ignoring Paxman 3 for a minute what then is the break even figure to get SISU to leave?
Did you catch up on the deluxe one's?You fucker Otis.
Just wasted a load of time plowing through the archive. Up to date now though. Thank fuck!
Can you? I didn't know you could do that?Did you catch up on the deluxe one's?
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