Nick
Administrator
It is "stop the blame game", "we need to stop looking at the past" when it shows the council have also been up to no good. Haven't seen the Trust say that about the Conn article while they are pushing it, strangely.
Very good Guardian article (11 Viewers)
- Thread starter Harry Krishner
- Start date
It is "stop the blame game", "we need to stop looking at the past" when it shows the council have also been up to no good. Haven't seen the Trust say that about the Conn article while they are pushing it, strangely.
Nick
Administrator
Feel free to correct me, what am I actually clueless about?
You are the one saying we should buy into half of Wasps debt to be able to play locally.
You are better off hiding behind your faux outrage.
rondog1973
Well-Known Member
Another apologist
MalcSB
Well-Known Member
I as there Friday, as I have been to every “home” game. I was really pleased to hear every contributor to this sorry mess effectively castigated in the chant - for the first time - rather than the usual “we want Sisu out”. So people have woken up to some realities and I don’t think we need that painted over by a whitewash of an article in the Guardian that attracts the praise of that unbiased observer, Maton.
rondog1973
Well-Known Member
You're constantly at pains to point out to people that they need to be dealing in fact. Deal with fact then. Forget sentiment, just fact. We don't own the stadium. If we want a piece of it, we're gonna have to pay.
To want the club to move out of the city to avoid doing this shows how deluded you are I'm afraid.
MalcSB
Well-Known Member
They would get a better stadium naming rights deal which CFC wouldn’t benefit from though, sadly.
chiefdave
Well-Known Member
For who? I’ve been accused of being both a council employee and SISU apologist in the past, am I adding Nick apologist to the list?
Are there any others available, want to make sure I get the complete collection :emoji_joy:
Sick Boy
Super Moderator
Exactly, we would hold all of the power in that situation and could dictate to them, or build our own stadium.
rondog1973
Well-Known Member
Is Gypo a racist or ethnic derogatory term? Yes or no?
Liquid Gold
Well-Known Member
London Wasps are financially screwed. They have a very large repayment coming up, will find it harder to refinance after having been found lying to auditors, are losing a lot of money each year with attendances worsening and the arena will soon need significant maintenance work.
They are not going to give up access to revenues without significant cash and we shouldn’t be paying £20m for something they paid £2m for a few years ago. The end of them is in sight. Wait them out and pick up our stadium in its entirity.
They are not going to give up access to revenues without significant cash and we shouldn’t be paying £20m for something they paid £2m for a few years ago. The end of them is in sight. Wait them out and pick up our stadium in its entirity.
mark_ccfc
Well-Known Member
The reason wasps were the preferred buyers if the ricoh was that they were willing to take on the associated debt and SISU werent.
SISU are now whinging in court that wasps didnt pay enough for the ricoh.
Another point, do you think SISU would be willing to sell on ccfc without it's associated debt? Not on your nelly.
SISU are now whinging in court that wasps didnt pay enough for the ricoh.
Another point, do you think SISU would be willing to sell on ccfc without it's associated debt? Not on your nelly.
Grendel
Well-Known Member
They didn’t take on the associated debt until after the purchase
An associated debt that had to be refinanced using a stadium whose value was hyped up by a lease extension
Oh and the council stated Sisu would not be allowed to loan against the stadium and was a major factor for not allowing the purchase as it was mortgaging a community asset.
Bit more accurate?
Liquid Gold
Well-Known Member
Not true. Sisu agreed to take on the YB loan to pair the arena with the club. The council took that lon on instead and then sold it on to London Wasps begins our back.
Nick
Administrator
So according to you what will we have to pay Wasps to enable us to play in Coventry as well as taking on half of their debt?
I'm afraid the delusion and desperation isn't on me in this case.
rondog1973
Well-Known Member
Liquid Gold
Well-Known Member
I notice the narrative has moved on from dropping the legals to paying London Wasps a large sum of cash.
Nick
Administrator
And take on half their debt whilst doing it.
rondog1973
Well-Known Member
Look, deal with the fact that they own the stadium. If the price we have to pay is half their debt then so be it. Sisu's last JR contention was that it was sold undervalued so does that debt purchase fall below or above their own valuation?
Esoterica
Well-Known Member
And it will move on again when we fail to agree a Ricoh rent deal and it emerges Wasps are trying to charge 3 times the previous rate. Then it will be Wasps right to charge what they like as owners and back to SISU's fault for not buying it when they had the chance.
Nick
Administrator
Yes, the fact they own the stadium.
What I am questioning is why we would need to buy half and take on half the debt to play there?
Deal with the fact that today is Monday. That is unrelated to the point discussed too.
Liquid Gold
Well-Known Member
Deal with the fact that unless we bail them out they won't own it for very long.
rondog1973
Well-Known Member
Because the owners dictate some of the terms of the sale I suppose.
Nick
Administrator
What are you on about? Your replies aren't matching up to the posts you are replying to.
Like I said, stick to the false outrage. I can see why that was your approach after seeing you try to make a point.
I don’t support the wasps!
I am a season ticket holder at the sky blues
I like rugby
I like football more
I hate what Sisu have tried to do through buying our club
To be fair to the whole of the city the council have had to be firm
No irony ,no embarrassment, just got my opinions . I thought you wanted to hear them Nick . It’s your forum.
Nick
Administrator
Strange, one of your posts a while back says you went to Wasps games..
Try to be consistent.
rondog1973
Well-Known Member
Ha ha! Okay, a different angle. How have Wasps incurred the debt?
Nick
Administrator
You tell me. Then you can tell me the relevance of what your point is now trying to be.
Grendel
Well-Known Member
You said you’ve considered buying a season ticket for wasps
rondog1973
Well-Known Member
I asked you.
stupot07
Well-Known Member
Given the financial issues we've had and continue to suffer because I cant believe any right minded fan would even suggest paying wasps x£m (potentially £20m if wasps valuation for the stadium is correct) for for 50% of the stadium and take on half of the £35m debt and £2.5m pa interest wasps have put on the stadium.
No football club owner or prospective owner would even contemplate it, you may as well build you're own stadium for £40-50m.
Sent from my SM-G965F using Tapatalk
No football club owner or prospective owner would even contemplate it, you may as well build you're own stadium for £40-50m.
Sent from my SM-G965F using Tapatalk
stupot07
Well-Known Member
Nick
Administrator
The bond raised £35m to pay off a loan of about £14m didn't it?
Imagine your outrage if SISU financed against the Ricoh to give themselves £10m.
Still, you now want the football club to give them a chunk of money and take on half the debt to be able to play in Coventry.
rondog1973
Well-Known Member
If the debt is related to the stadium purchase, then its related to what we'd have to pay to buy into it.