Grendel
Well-Known Member
Oh dear
But they did. So how can you assume it changed?
- ACL took a 50 year sublease of the Arena from CNR, with the option ofpaying a £1.9m per annum rent or a premium of £21m. In addition, “superrent” was payable, based on ACL’s net profit before tax, of 10% on profitsover £3.75m rising to 50% of profits over £7.75m.
To start with the length had changed?
.... and they paid £1M for it.
IMHO it makes sense for CCC to take some rent otherwise it does feel like poor business.
The point I'm making is no one on here knows and personal arguments are futile.
Why not ask the council otmr seek a FOI request if they don't answer?
I've already done it and they can't disclose any details.
I guess it will come out in the accounts unless they have the same accountant as SISU.
'Can't'
Interesting...
Have you appealed the decision?
I've already done it and they can't disclose any details.
Confidential agreement.
Oh dear
How many times have they paid the superrent?
They never made profits of more than £1m, so never paid any super rent. Wasps will just move money around so they don't have to pay any super rent.
Continuing your argument on an assumption?I never said they did. The point is it was in the old contract and IMHO it makes sense to carry it on.
Yes, profits can be hidden but there would be safeguards I assume.
Continuing your argument on an assumption?
Sorry, I forgot you don't deal in facts.
I'm guessing you haven't appealed the decision...
Lol have you ever used a fact to support any of the dross you scribe.
Not that bothered.
Unsurprised.
Yes that judges summation never fitted in with you did it :facepalm:
Surely in the know will answer?I'll just wait for the Wasps accounts email they promised me
Surely in the know will answer?
I'll just wait for the Wasps accounts email they promised me
I never said they did. The point is it was in the old contract and IMHO it makes sense to carry it on.
Yes, profits can be hidden but there would be safeguards I assume.
Ay????She says get back on thread and Wasps are not a franchise.
Good enough for me.
She says get back on thread and Wasps are not a franchise.
Good enough for me.
No we know the deal was heavily put in favour of wasps and we know that it was reported at the time £1 million was taken off the loan. It's a fairly good assumption that's the freehold. It will be a peppercorn freehold no doubt.
It is reported that £1m was not taken off loan but repaid. Big difference.
Got a link?
Got a link?
So much of the deal is public knowledge you have to wonder why people continue to spout rubbish on here.
We can't all be in the position you are though can we?
Very true. Knowledge helps. But many on here profess knowledge but clearly have none.
Very true. Knowledge helps. But many on here profess knowledge but clearly have none.
Where were you when I needed an answer?
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