Is this whole thing a Haskell Mk2? (31 Viewers)

[Nick]

By no means fact and just an observation, I will point that out first. It's not based on anything other than taking a step back and looking at things playing out.

Last time we saw ACL / Council / Haskell try to force a change of ownership and it backfired.

People have acknowledged that Wasps know full well the difficulty that they can put CCFC under and the latest thing is pointing out the accounts need to be filed so it is getting more and more obvious that it's the approach being taken. The silence towards Wasps about it is also deafening.

Have they / the council lined somebody up they want to take over and think it can be forced?

If obviously it works and we live happily ever after then great, if it doesn't and backfires again what could the potential outcome be?

At the minute the worst case is no more club.

*This isn't me saying I don't want new owners, this is me pointing out the risks and how it may backfire like it did last time.

 

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[Magwitch]

As we stand presently come May we have no ground which puts our existence in jeopardy to solve this sisu are required by Wasps to cease the legals. Since the Haskell days there had been a number of failed bids to buy the club off sisu, do you include them in the above descriptions.

 

[SkyBlueScottie]

Can you please point me in the direction of this story. Not seen it.

 

[Nick]

As we stand presently come May we have no ground which puts our existence in jeopardy to solve this sisu are required by Wasps to cease the legals. Since the Haskell days there had been a number of failed bids to buy the club off sisu, do you include them in the above descriptions.

I am talking specifically about the Haskell incident where ACL had a new owner lined up and tried to force the change.

It's been pointed out that Wasps are holding out to pressure the club to get at SISU. They aren't going to drop the legals so the worst case is the club are screwed and can't file accounts.

There's a sudden focus that the club can't file accounts as well and there's very little will to at least say anything to Wasps about it (as well as SISU).

 

[Nick]

Can you please point me in the direction of this story. Not seen it.

The Haskell one? It was when we went into admin last time. It's not a "new" thing but there's a bit of a similarity.

 

[SkyBlueScottie]

No, where Wasps have pointed out the Accs need filing etc.

 

[Liquid Gold]

I think they could have another owner in the wings. I think it's also possible that if Sisu did liquidate then they think there would be enough support for a phoenix and the death of the club would be acceptable collateral.

 

[Nick]

No, where Wasps have pointed out the Accs need filing etc.

I am talking about fans groups suddenly starting pointing that out.

 

[Liquid Gold]

No, where Wasps have pointed out the Accs need filing etc.

The account filing issue wasn't mentioned until the Trust meeting where it was proposed by a member of the board and has been pushed non stop on many channels since then.

Doesn't take too big a leap of faith to suggest they have been briefed on it.

 

[Nick]

I think they could have another owner in the wings. I think it's also possible that if Sisu did liquidate then they think there would be enough support for a phoenix and the death of the club would be acceptable collateral.

Which is great if a new owner comes in and it all pays off.

What if it backfires like last time?

It's what I mean when people put all of their eggs in the Wasps / CCC basket like they did last time with ACL / Haskell.

 

[SkyBlueScottie]

Ok, I wasn't aware this was the case. Which ACC's are late, the ones related to the football things or the Sisi group overall. Why is it such an issue now as in the last few years the Accs have been submitted.

 

[SkyBlueScottie]

The account filing issue wasn't mentioned until the Trust meeting where it was proposed by a member of the board and has been pushed non stop on many channels since then

Doesn't take too big a leap of faith to suggest they have been briefed on it.

I agree

 

[Nick]

Ok, I wasn't aware this was the case. Which ACC's are late, the ones related to the football things or the Sisi group overall. Why is it such an issue now as in the last few years the Accs have been submitted.

No, they aren't late but they can't be filed if we can't confirm where we will play.

It's obviously completely in Wasps hands to then pressure that

 

[chiefdave]

there's a bit of a similarity

I would say there's more than a bit of a similarity, its very much following the same path.

Interestingly at the same time this has started up I've seen several people trying to rewrite history and claim there was never an attempt to force an ownership change.

 

[Liquid Gold]

I would say there's more than a bit of a similarity, its very much following the same path.

Interestingly at the same time this has started up I've seen several people trying to rewrite history and claim there was never an attempt to force an ownership change.

It's so similar to last time that part of me thinks they can't be this fucking stupid again can they?

 

[chiefdave]

Ok, I wasn't aware this was the case. Which ACC's are late, the ones related to the football things or the Sisi group overall. Why is it such an issue now as in the last few years the Accs have been submitted.

The accounts will be prepared but they can't sign off with the business a going concern if there is nowhere to play next season. Therefore they would miss the FL deadline for filing and go in to a transfer embargo.

 

[chiefdave]

It's so similar to last time that part of me thinks they can't be this fucking stupid again can they?

Its worrying. There was calls for pressure on all sides and so far we've seen the trust and associates having a go at SISU, have a mutual back patting session with the council and writing to Wasps telling them they understand their position. That's not my definition of pressure on all sides.

 

[Nick]

It's so similar to last time that part of me thinks they can't be this fucking stupid again can they?

This is what's worrying me.

Amazing if it works and I will be as chuffed as the next person if we live happily ever after but what happens if it goes tits up like it did last time

 

[Magwitch]

Obviously there is brinkmanship going on but as I see it it is sisu who have to blink on the legals if they want the business to be a going concern I can’t see any other option. I always thought it would be the Wasp side who would back down but can’t see now why they would, this whole thing is a big worry.

 

[Nick]

Obviously there is brinkmanship going on but as I see it it is sisu who have to blink on the legals if they want the business to be a going concern I can’t see any other option. I always thought it would be the Wasp side who would back down but can’t see now why they would, this whole thing is a big worry.

To anybody with common sense there should be pressure on anybody who can blink or have any impact on making others blink.

Like I said on another thread, if there are 2 people you want to make blink. Throw sand in both their eyes to help.

The fact that there is no will to say anything about Wasps or the Council is suspicious and makes me think there's more things going on we don't know about.

Like I said, it is only based on the similarities to last time and the silence when it comes to Wasps. (the same as there was with ACL last time)

 

[Liquid Gold]

Obviously there is brinkmanship going on but as I see it it is sisu who have to blink on the legals if they want the business to be a going concern I can’t see any other option. I always thought it would be the Wasp side who would back down but can’t see now why they would, this whole thing is a big worry.

But there is an argument that we would be worth more to Sisu through the courts if we were forcibly liquidated so they have no need to blink.

 

[Magwitch]

Yes liquid there is that argument but what a dangerous step that could be for sisu and us, by us I’m talking the future of ccfc.

 

[Nick]

Yes liquid there is that argument but what a dangerous step that could be for sisu and us, by us I’m talking the future of ccfc.

It's a dangerous step for CCFC, yes.

 

[Liquid Gold]

Yes liquid there is that argument but what a dangerous step that could be for sisu and us, by us I’m talking the future of ccfc.

Of course but Sisu don't care about us. They only care about their return and any court case will be made much stronger when an asset with ~£80m loaded on to it is forced out of business.

 

[fernandopartridge]

The open talk of CCFC not being able to file accounts doesn't do anybody any favours, SISU will be all over it.

 

[Nick]

The open talk of CCFC not being able to file accounts doesn't do anybody any favours, SISU will be all over it.

Yep, people need to think about how they will play it in their "defence".

 

[Magwitch]

I’m

Of course but Sisu don't care about us. They only care about their return and any court case will be made much stronger when an asset with ~£80m loaded on to it is forced out of business.

if that was to happen going out of business would it be classed as “forced” sounds like another court case to me.

 

[Liquid Gold]

I’m

if that was to happen going out of business would it be classed as “forced” sounds like another court case to me.

I mean, as stupid as it is Sisu have a legal right to pursue things in the courts if they think they've been wronged. Landlords not allowing them to talk, The Council not letting them play in the city and the EFL not allowing them to move out of it would be pretty watertight from where I'm sitting.

 

[chiefdave]

Obviously there is brinkmanship going on but as I see it it is sisu who have to blink on the legals if they want the business to be a going concern I can’t see any other option. I always thought it would be the Wasp side who would back down but can’t see now why they would, this whole thing is a big worry.

As you say there's more than one side who can back down and we all know that SISU aren't going to suddenly stop the legals no matter how much we want them to.

Given that the best point to apply pressure would appear to be Wasps but none of the fans groups, in particular the Trust, seem to want to do that.

 

[Nick]

As you say there's more than one side who can back down and we all know that SISU aren't going to suddenly stop the legals no matter how much we want them to.

Given that the best point to apply pressure would appear to be Wasps but none of the fans groups, in particular the Trust, seem to want to do that.

There's no reason both can't be hammered to see which works.

 

[skybluetony176]

Mmm. Doing the same thing expecting different results. What sort of idiot outfit would do that?

 

[Captain Dart]

The account filing issue wasn't mentioned until the Trust meeting where it was proposed by a member of the board and has been pushed non stop on many channels since then.

Doesn't take too big a leap of faith to suggest they have been briefed on it.

Wasn't it OSB that raised the issue first. I've always found him very even handed and careful to get his facts right.

 

[Nick]

Mmm. Doing the same thing expecting different results. What sort of idiot outfit would do that?

Not another "but SISU do it" defence?

 

[Liquid Gold]

Wasn't it OSB that raised the issue first. I've always found him very even handed and careful to get his facts right.

No, it was raised at the trust meeting and then expanded upon by OSB.

 

[Deleted member 5849]

Given that the best point to apply pressure would appear to be Wasps but none of the fans groups, in particular the Trust, seem to want to do that.

LAST seemed to say there was a protest planned against Wasps but... it seems nobody wants to tell us what it is!