Originally Posted by
CropleyWasGod
Agreeing with just about all of that. The only minor disagreement I might have is that, apparently, £6m was due to be paid over to Ticketus earlier this season. Of course, it wasn't paid. I'm sure a poster on here said that the deal was renegotiated as a result, and that the 3 years became 4 years. Not sure if that means that the £6m is a "current" liability or whether it gets put in with the rest as deferred income.
So.... if the current company gets a CVA and comes out of administration, the Ticketus arrangement still stands, yes? There is still the problem of the £24m hole in the next 4 years. In fact, it's a good deal more than that, I think it's the £24 investment, plus their profit margin, no?
If, somehow, RFC get out of the Ticketus deal.... that would mean Ticketus going after CW for the guarantee he says he made to underwrite the investment (apparently that was through Liberty Capital, who I think are RFCG's parent company). In turn, CW would then try to enforce the security that RFCG have over RFC's assets..... if they were still there by then, of course .
I need a lie down.