More Wasps BS? (43 Viewers)

[Nick]

Yes but try getting past that fat bastard that shields him!

Ah but people in the ground can where there are more stewards?

I see the logic....

 

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[ccfcway]

it’s more than likely that it gets handed back to the council and SISU go back cap in hand for a rental deal which more than likely sends us back just before the rent strike - only doubtful it’ll be 1.2 million.

best we can hope for in the circumstances

I don't disagree. Doesn't that leave us in a stadium which isn't ours, with no income other than match day ticket sales ?

surely that cant be what people are hoping for when / if wasps go bust ?

 

[HuckerbyDublinWhelan]

Wouldn’t it be Wasps asset to sell? (Could we’ll be wrong, I know nothing on the subject). Can’t see us bidding against too many other buyers for it, if that is the case though.

If wasps go bust the lease reverts back to the council

 

[HuckerbyDublinWhelan]

I don't disagree. Doesn't that leave us in a stadium which isn't ours, with no income other than match day ticket sales ?

surely that cant be what people are hoping for when / if wasps go bust ?

No but can’t really see the council helping SISU out in the immediate future.

I’d imagine it’d be a starting point towards better negotiations

 

[ccfcway]

No but can’t really see the council helping SISU out in the immediate future.

I’d imagine it’d be a starting point towards better negotiations

its about the best we can hope for while to court rulings continue.

 

[Nick]

its about the best we can hope for while to court rulings continue.

There are no court rulings as it stands.

If any happen from the EU thing, it's the EU against CCC. IF the EU think there has been something done incorrectly.

 

[ccfcway]

If wasps go bust the lease reverts back to the council

would mean our landlords would be the people the owners of the club have triggers court proceeding (again) with and very little noise locally which the electorate is putting pressure on the council to do anything about.

I suspect if your an MP in Coventry and knocked on a random door and said "what's the main priorities you want to see from you elected MP in the next term "a return of CCFC to Coventry" would be a lot lower down than many of us on here would hope for.

 

[ccfcway]

There are no court rulings as it stands.

If any happen from the EU thing, it's the EU against CCC. IF the EU think there has been something done incorrectly.

Didn't say it was the owners taking them to court, but it wasn't the EU who wanted to look into it, it was instigated by the owners of CCFC.

There is still an outstanding claim which may go to court is there not ?

 

[Nick]

Didn't say it was the owners taking them to court, but it wasn't the EU who wanted to look into it, it was instigated by the owners of CCFC

The court action only happens if the EU think there has been foul play or errors in the process.

 

[ccfcway]

The court action only happens if the EU think there has been foul play or errors in the process.

exactly. No different to any other case, even if your 100% innocent of something, still a chance that a court might "think" something is up and worth a look into

 

[Nick]

exactly. No different to any other case, even if your 100% innocent of something, still a chance that a court might "think" something is up and worth a look into

Not really because the experts at the EU have to deem something to have been done wrong after an investigation before they take it further. The case would then be the EU against CCC.

It isn't the EU saying "Yeah go for it SISU, you can take them to court".

 

[HuckerbyDublinWhelan]

would mean our landlords would be the people the owners of the club have triggers court proceeding (again) with and very little noise locally which the electorate is putting pressure on the council to do anything about.

I suspect if your an MP in Coventry and knocked on a random door and said "what's the main priorities you want to see from you elected MP in the next term "a return of CCFC to Coventry" would be a lot lower down than many of us on here would hope for.

Thing is, considering that the complaint is a look into state aid. If it’s found it is illegal then the council have bigger problems as to how an asset was undersold.

I’m sure the public would be seriously pissed at that.

Also if I’m not mistaken, if the lease reverts back. Then the issue is settled isn’t it? It’s back to pre-sale conditions,

the council would also see the economy boost to the local area

 

[ccfcway]

Not really because the experts at the EU have to deem something to have been done wrong after an investigation before they take it further. The case would then be the EU against CCC.

It isn't the EU saying "Yeah go for it SISU, you can take them to court".

Again, didn't say it was SISU, its clearly the EU. As you say, "The court action only happens if the EU think there has been foul play". This stage is if they think its worth looking more into, so there is always a chance it will be reviewed, even if the council have done nothing wrong (like pervious cases have shown).

we could go on for a while here. The way I see it, the council still have a possible court ruling hanging over them, there is still a process which may involve court, if they are guilty or innocent.

Hope your right and when / if Wasps go bust, the council see it in the same way you do.

 

[Liquid Gold]

Genuinely, can you explain how as im struggling ?.

Wasps go bust, stadium gets handed back to the council...

1) Council offer to sell it to SISU - why would they buy it at market value, nothing in it for them to do that.
2) Council offer us expensive rent - back to where we were.
3) council offer us cheap rent - Doesn't solve our problem of 365 days income to build a squad and SISU have no assets
4) Council almost give SISU the stadium - I just cant see it,

What do people think will happen that will benefit the club ?

Prospective buyer wants the club and the stadium. Sisu market the club at a price that would include the stadium as it enables them to get rid of the club at a price close to their demands. The council then sell the stadium at a wasps style price to get sisu off their hands.

 

[ccfcway]

Prospective buyer wants the club and the stadium. Sisu market the club at a price that would include the stadium as it enables them to get rid of the club at a price close to their demands. The council then sell the stadium at a wasps style price to get sisu off their hands.

could you talk me through that, as surely today, the club is worth nothing ?.

You suggesting, lets say SISU sell the club for £30m, they walk away and the council do a wasps like deal with new owners ?

Interesting comments. That would rely on CCC trusting the new owners and almost have to have an agreement with SISU they will do it if they leave ?

 

[Colin Steins Smile]

The court action only happens if the EU think there has been foul play or errors in the process.

Would I be correct in thinking that if the European Commission find that CCC undervalued the Ricoh AND the sale to Wasps was indirect state aid, then there is the possibility that CCC would be required to seek the outstanding balance from Wasps?
Now there's a lot of "IF's" to this scenario, but given the weak financial position of Wasps, this would surely send them into insolvency.
That would leave CCC with a stadium to maintain and no tenant. Thus any deal with a new tenant would have to ensure it was at a neutral cost to CCC, as minimum commitment, otherwise that could be termed indirect state aid.

 

[Liquid Gold]

could you talk me through that, as surely today, the club is worth nothing ?.

You suggesting, lets say SISU sell the club for £30m, they walk away and the council do a wasps like deal with new owners ?

Interesting comments. That would rely on CCC trusting the new owners and almost have to have an agreement with SISU they will do it if they leave ?

Prepare both deals to sign together. Although I wouldn't trust the council to properly evaluate new owners. They bought us sisu in the first place.

 

[hill83]

Prospective buyer wants the club and the stadium. Sisu market the club at a price that would include the stadium as it enables them to get rid of the club at a price close to their demands. The council then sell the stadium at a wasps style price to get sisu off their hands.

 

[fernandopartridge]

Would I be correct in thinking that if the European Commission find that CCC undervalued the Ricoh AND the sale to Wasps was indirect state aid, then there is the possibility that CCC would be required to seek the outstanding balance from Wasps?
Now there's a lot of "IF's" to this scenario, but given the weak financial position of Wasps, this would surely send them into insolvency.
That would leave CCC with a stadium to maintain and no tenant. Thus any deal with a new tenant would have to ensure it was at a neutral cost to CCC, as minimum commitment, otherwise that could be termed indirect state aid.

That is a potential remedy yeah

 

[The coventrian]

Ah, the standard then

I am sure he has to walk in doesn't he?

Why would I drive to st Andrew's to ask questions from that wanker? I've had dealings with him before.

 

[The coventrian]

I mean they’re looking at woodlands. However the council aren’t supportive. But that’s only if you believe the new stadium rumours.

if you’re a bit dense like you appear to be - the actual way out of this is keeping the club running until Wasps cave. But we’ll leave that to the actual fans

They're not looking at Woodlands at all. Its just another a yarn spun to keep gullible fools like you on side.

You call me dense? Its dense arseholes like you who cant seem to grasp the fact that if we wouldn't of vacated the arena first time around wasps wouldn't be here now.

 

[COVKIDSNEVERQUIT]

Why would I drive to st Andrew's to ask questions from that wanker? I've had dealings with him before.

Please share.

 

[The coventrian]

If wasps go bust the lease reverts back to the council

And what about if wasps don't go bust? How long are you lot prepared to sofa surf for? 5? 10 years? Why don't you start leaning on the owners to actually start taking responsibility for the club they own and build it a home.
Jeez. Always the victims.

 

[The coventrian]

Please share.

On one occasion He actually threatened to ban me from home games. We were playing in Northampton at the time ha! Stupid twat actually thought I attended there.

 

[Skybluefaz]

On one occasion He actually threatened to ban me from home games. We were playing in Northampton at the time ha! Stupid twat actually thought I attended there.

What did you ask him to warrant that?

 

[Grendel]

On one occasion He actually threatened to ban me from home games. We were playing in Northampton at the time ha! Stupid twat actually thought I attended there.

oh dear it’s billy bullshit time

 

[BackRoomRummermill]

oh dear it’s billy bullshit time

yep following the normal pattern of someone who has been here before or is still here under another name full of it , slowly degrading , when did he join ? Oh yes , the true colours fall out in the end , it’s a yawn from me

 

[Grendel]

yep following the normal pattern of someone who has been here before or is still here under another name full of it , slowly degrading , when did he join ? Oh yes , the true colours fall out in the end , it’s a yawn from me

He I suspect has a one inch penis and it’s caused him a lifetime of embarrassment which he can hide by being a big man behind his keyboard

 

[TTG]

Its dense arseholes like you who cant seem to grasp the fact that if we wouldn't of vacated the arena first time around wasps wouldn't be here now.

It's dense arseholes like you who can't seem to grasp the fact that the council were in contact with the wasps before we moved out.

 

[RegTheDonk]

And what about if wasps don't go bust? How long are you lot prepared to sofa surf for? 5? 10 years? Why don't you start leaning on the owners to actually start taking responsibility for the club they own and build it a home.
Jeez. Always the victims.

Well Wasps will probably be bailed out by someone, or the council will re-do the terms, and SISU will never build us a home so what's the solution?

 

[RegTheDonk]

It's dense arseholes like you who can't seem to grasp the fact that the council were in contact with the wasps before we moved out.

And even if we'd kept up with the crippling rent, who wouldn't bet against the council brining Wasps in anyway for a ground share. Max out the potential and even more rent coming in.

 

[The coventrian]

It's dense arseholes like you who can't seem to grasp the fact that the council were in contact with the wasps before we moved out.

Yes we all know that but that's before our glorious owners fucked off to sixfields with the plan of distressing acl thus leaving the ground on a plate for them.

And you call me dense?

 

[The coventrian]

He I suspect has a one inch penis and it’s caused him a lifetime of embarrassment which he can hide by being a big man behind his keyboard

Says the keyboard warrior on here who's been dishing out insults for years behind his laptop.

 

[The coventrian]

oh dear it’s billy bullshit time

Yes because you really know me don't you you pathetic lonely old man.

 

[The coventrian]

Oh look,another muppet who cant handle a difference of opinion. Half a dozen lonely men on the internet.