hutch1972
Well-Known Member
Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
Wasps going into admin & the impact on CCFC (235 Viewers)
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Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
Grendel
Well-Known Member
Im with Shmmeee on this. The council are far from blameless but SISU opened the door with their actions. They tried to play hardball, wanting to pick up stadium for nothing/next to nothing and failed….got another chance now
The council created the whole situation - what happens when you let idiots play business games
- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said
Creating a failed project on Day 1.
skybluetony176
Well-Known Member
If they go bump it’s dodgy as fuck and surely will be looked into.Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
Sbarcher
Well-Known Member
Oh dear, Exeter boss suggesting Rugby PL should be reduced to 10 teams only!
hutch1972
Well-Known Member
Did they not have thoughts of actually buying Wasps at the time?
Samo
Well-Known Member
And that horrible 'City of Rugby' thing which exposes some of those on the left (I am one btw) as aspiring to be the very things they profess to despise. I hate that kind of snobbery in working class folk.
hutch1972
Well-Known Member
Always possible, but unlikely. Worcester's administrator has allowed use of their ground this weekend. They will allow the buisnesses to continue if it generates income.
HuckerbyDublinWhelan
Well-Known Member
Add in the - would only deal with SISU when we flirted with admin in 2007
hutch1972
Well-Known Member
Yep, they were ccc preferred bidder for the club.
shmmeee
Well-Known Member
Do you actually think councillor drawn up contracts? I know you’re not the brightest, but come on. As always with you it boils down to not much more than personal beef with people you’ve identified as “idiots”.
Grendel
Well-Known Member
The funny thing about Vulgaris who runs the forum and bans any wasps fans even if they are negative admits he never goes anyway
I'm Oz, I've been a Wasps supporter for somewhere in the region of 15 years. I live in a small village in Hampshire with thousands (three at home, one grown up and moved out) of children and rarely get to the Ricoh. I used to live in Herts and so got to Adams Park a lot more. To be honest I kinda miss that place (am I allowed to say that?).
I'm Oz, I've been a Wasps supporter for somewhere in the region of 15 years. I live in a small village in Hampshire with thousands (three at home, one grown up and moved out) of children and rarely get to the Ricoh. I used to live in Herts and so got to Adams Park a lot more. To be honest I kinda miss that place (am I allowed to say that?).
Grendel
Well-Known Member
The council set the lease period of 50 years - they are the freehold owners so I think that is down to them.
One would also assume they actually lay down the terms of the contract I would think? I mean you make a will a solicitor draws it up on the clients instruction - or are you saying the dumbos did not even have an idea.
Everyone knows you get triggered when your precious Council get criticised.
D
Deleted member 5849
Guest
tbf, he's been hailed as pro council and pro Maton recently...
Senior Vick from Alicante
Well-Known Member
Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
Necessity to pay the interest due to bond holders one would assume.
Brighton Sky Blue
Well-Known Member
You've chosen to die on the hill of 'Wasps moved in when CCFC weren't there'...
Senior Vick from Alicante
Well-Known Member
I think Grendel has a point. The council played God with the club from the very start and dont have a good track record with large investments you just have to look at the money pit Coombe Abbey has turned into. At the end of the day they were the ones through Arena Coventry Ltd that forced our administration.
Sky Blue Harry H
Well-Known Member
What kind of weird small village in Hampshire has thousands of children?
Suggestions, please ?
olderskyblue
Well-Known Member
And the main changing room's ceiling lowered....
Brighton Sky Blue
Well-Known Member
joemercersaces
Well-Known Member
I prefer soi disant myself
Esoterica
Well-Known Member
Jim'll Hamlet?
Sbarcher
Well-Known Member
Pied Piper of Hamlin (led the children to Dorset)
fernandopartridge
Well-Known Member
I don't know why shmmeee is laughing - Grendel is spot on. The council creating an entity to run the stadium and then lumbering it with a huge debt yet only a 50 year lease was utterly stupid, everything since then is a consequence of that.
Nick
Administrator
Yep, they had the silly debt that they then relied on the club to pay in high rent.
MalcSB
Well-Known Member
The company which own Wasps training ground was never owned by Wasps themselves, but was owned by Richardson and Holland, I suppose transferring Richardsons shares to Holland on the day the bond was due could have raised funds for payment of the bonds interest if Richardson used any of the proceeds to lend the necessary to Wasps, adding to their debt to him.
Philosoraptor
Well-Known Member
I always thought the contract was written by another party in the negotiations for the Arena.
Nothing to back that assertion up, just a hunch.
Nothing to back that assertion up, just a hunch.
Philosoraptor
Well-Known Member
I still think the area around the Arena if we are using SimCity terminology should be for low to medium industrial sector and then building the sector up over a number of years to a more high-tech setting.
A start-up city could work very nicely with variable sized premises.
Would be something to really drive regeneration in the city and beyond.
A start-up city could work very nicely with variable sized premises.
Would be something to really drive regeneration in the city and beyond.
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SBAndy
Well-Known Member
Question - when CCFC were the main tenant did we receive the incomes from casino/hotel letting or did that go to ACL still? I’m guessing the latter.
Aren't they either owner operated or franchised?
chiefdave
Well-Known Member
They were talking about this in the office earlier. What he's saying makes sense tbh. People aren't going to games because the internationals clash, well they think that's why they aren't going to games anyway. Less games and better scheduling means increased availability of international players.
Plus an even number in the league just seems common sense. I suspect if there's 10 clubs that think their own future in a a closed off league can be secured they won't hesitate to vote in favour of something like that should it be put to them.
Nick
Administrator
No we didn't even get income at all on food and drink for our matches.
hutch1972
Well-Known Member
We gave away our income streams bit by bit over the first few years.
Calista
Well-Known Member
Why was it a ‘silly debt’ (genuine question)?
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