Wasps going into admin & the impact on CCFC (3 Viewers)

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wingy

Well-Known Member
This is the other thing, CCFC are ploughing extra money in for matchdays which is presumably keeping it out of admin while they do a deal with others?

That doesn't make much sense.
It wouldn't now if Sisu were out the game, but never did really .

EFL being an issue and distressing ourselves.
 

Brighton Sky Blue

Well-Known Member
Not being funny, if they have been trying for 10 years or so to get ACL distressed and into admin. I am pretty sure we would have been in Walsall tonight rather than giving them shit loads of money to play there now admin is pretty much there for the taking.

Not if it helped secure preferred bidder status
 

HuckerbyDublinWhelan

Well-Known Member
It was reported - Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover - which is more than has been mentioned about us….which is actually just a rumour from here and social media.
“The attraction of Wasps for Ashley lies chiefly in the stadium, which runs a profitable hospitality business including a Hilton hotel and Grovesnor Casino, as well as the potential for returning to football by buying Coventry City, who are tenants of the rugby club. “

paragraph In the article
 

jordan210

Well-Known Member
No way anyone is going to be able to clear the debts with a bid. Also they had weeks of being able to do that before going down to the wire.

This once again feels like a PR move. very similar to the last few days of wasps
 

OyJimmy

Member
As I’ve said before we are dependent on events and are not masters of our own destiny. However buys ACL doesn’t have to buy CCFC. Sisu really has a weak hand.
 

wingy

Well-Known Member
Surely the NOI is there to stop other parties pouncing for 10 days to give the company an opportunity to sort things out. This wouldn't automatically mean finding a purchaser, it could mean just finding extra income / loan etc.
I always assumed the company in trouble could cancel the NOI or just let it expire if things changed and they became solvent again.
You'd expect some oversight of that.
No?
 

Nick

Administrator
No way anyone is going to be able to clear the debts with a bid. Also they had weeks of being able to do that before going down to the wire.

This once again feels like a PR move. very similar to the last few days of wasps

That's the thing isn't it.

Unless Richardson is playing hardball and people are saying "you can have this else it goes into admin and you get fuck all"?
 

oldfiver

Well-Known Member
The bondholders don't they have no power its the Trustee - its all about judgements isn't it? I have no idea what happened to the Co-Op bank debt in the end with us but we did not go into admin so something was agreed

Who appointed the Trustee?

Why did 2 amendments to correct WASPs defaults go through quickly while the Bondholders demands taking 6 months
 

Otis

Well-Known Member
I am puzzled. Unless it's been mentioned somewhere, why are NEC bidding if they don't need the stadium, what with them already having Birmingham and the events and facilities there?

Seems people are saying they won't be interested in the club or the stadium, but at the same time they don't need the events part of the Arena, because they already have Birmingham.

🤔🤷
 

SBT

Well-Known Member
I don't see why he wouldn't want to take on the club as well, it's another chance to make more money. Buy the club for whatever SISU ask for, get it into the top flight then name your price for the combination of a PL club and stadium complex.

Is there a chance that Ashley only wants the stadium? I know it’s not what’s been reported, but are CCFC really the potential money spinner that you’re suggesting here?
 

Nick

Administrator
That is where I anticipate they will sell up. They are not building a stadium.
So you want them to buy at any price and then try and get somebody to buy it from them? Doesn't make any sense.

Almost like it's intended to try and get people angry that Gilbert has said sisu will bid if it goes into admin.
 

CCFC_Irish

Well-Known Member
I am puzzled. Unless it's been mentioned somewhere, why are NEC bidding if they don't need the stadium, what with them already having Birmingham and the events and facilities there?

Seems people are saying they won't be interested in the club or the stadium, but at the same time they don't need the events part of the Arena, because they already have Birmingham.

🤔🤷

Identified a potential asset and have decided to try and acquire it is my guess.
 

jordan210

Well-Known Member
That's the thing isn't it.

Unless Richardson is playing hardball and people are saying "you can have this else it goes into admin and you get fuck all"?

It feels like they are just trying to buy time and see if anyone bites.

would not be suprised if they try and move debt around so Richardson is the biggest creditor if it does go in admin

The vultures are circling.
 

Evo1883

Well-Known Member
Is there a chance that Ashley only wants the stadium? I know it’s not what’s been reported, but are CCFC really the potential money spinner that you’re suggesting here?

Let's suggest we can get to the Premier league within 3 seasons with under 30 million spent , there's 70 million and the purchase debt gone already .. the potential reward against the risk is huge..
 

Brighton Sky Blue

Well-Known Member
Is there a chance that Ashley only wants the stadium? I know it’s not what’s been reported, but are CCFC really the potential money spinner that you’re suggesting here?

Promotion to the top flight is a big enough incentive to attract a lot of other tycoons and wealthy folk to other Championship clubs. So to be honest, yes I kind of think they are.

It's why SISU took it on in the first place, at least notionally
 
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