Wasps going into admin & the impact on CCFC (196 Viewers)

[rexo87]

Council need to do everything they can to ensure we can play for the next 2 weeks. Then there's 4 weeks for a buyer and logistics to be sorted before our next home game

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[jordan210]

I cant remember where I saw it but I had seen the figure was around 7 million for repairs. again could have just been a random figure.

 

[duffer]

I cant remember where I saw it but I had seen the figure was around 7 million for repairs. again could have just been a random figure.

Again, not saying you're wrong mate, but I'd love to know where this started. I'll have to do some googling later!

 

[HuckerbyDublinWhelan]

Again, not saying you're wrong mate, but I'd love to know where this started. I'll have to do some googling later!

I’m sure the figure was mentioned in the council meeting last week

 

[duffer]

I’m sure the figure was mentioned in the council meeting last week

Again, happy to be corrected and not trying to start a row, but I listened to that meeting, and I don't recall Duggins or Ridley saying anything about it. That is the meeting where Ridley was asking questions about Wasps and bailouts at least. Was there another meeting?

 

[Brighton Sky Blue]

I still think Richardson will have some sort of play.

All the players seem to now be waiting for Friday and liquidation. Expect a lot more activity then but it would put Saturday's fixture in serious danger

 

[DazzleTommyDazzle]

All the players seem to now be waiting for Friday and liquidation. Expect a lot more activity then but it would put Saturday's fixture in serious danger

Friday is administration rather than liquidation isn't it?

An administrator will want to keep the business running unless it's a complete no hoper.

 

[Flying Fokker]

Is Simon Gilbert a bond holder?

 

[Brighton Sky Blue]

Friday is administration rather than liquidation isn't it?

An administrator will want to keep the business running unless it's a complete no hoper.

Apologies, meant administration. Though the effect is the same-that is when all who are interested will make their move.

 

[Nick]

Haven't the council got the chance to call the lease back as soon as it goes into admin?

 

[Skyblueweeman]

Yep, top of my head you'd perhaps want a CIC (Community Interest Company) set-up so any assets purchased are "locked-in" and an escrow account to protect deposits.

You can tell I've been thinking about it...

So hang on here mate...you want a number of us, let's call ourselves 'bondholders' for shits and gigs, to put forward money to finance a stadium purchase, as a collective?

What could go wrong?! ;-)

FWIW, I'm in but seeing how it was ballsed up by the insects, I'm be sceptical.

 

[DazzleTommyDazzle]

Apologies, meant administration. Though the effect is the same-that is when all who are interested will make their move.

That looks to be true.

It will take some time though.

I wouldn't expect any of the pre-World Cup games to be in danger (famous last words!).

 

[steve cooper]

This is ACL's first notification period isn't it? I assume that means they can extend for 10 days if they can demonstrate that there is some interest.

 

[rexo87]

This is ACL's first notification period isn't it? I assume that means they can extend for 10 days if they can demonstrate that there is some interest.

Its their second I believe. Admin is friday

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[olderskyblue]

Is it possible CBS could make a bid?

 

[steve cooper]

Its their second I believe. Admin is friday

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Ok, I've obviously lost the plot

 

[Brighton Sky Blue]

That looks to be true.

It will take some time though.

I wouldn't expect any of the pre-World Cup games to be in danger (famous last words!).

The council gave us assurances that tonight would be on, and it is. They also have said they can't give those assurances for Saturday if administration happens, which it looks like it will. Personally I'd be more than a bit concerned.

 

[rexo87]

The council gave us assurances that tonight would be on, and it is. They also have said they can't give those assurances for Saturday if administration happens, which it looks like it will. Personally I'd be more than a bit concerned.

Where have they said they can't give assurances?

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[Grendel]

Haven't the council got the chance to call the lease back as soon as it goes into admin?

They won't want to I suspect and would rather it goes.

 

[Brighton Sky Blue]

Where have they said they can't give assurances?

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[Terry Gibson's perm]

The administrator will surely want the game to go ahead Saturday to keep some cash flow in the business.

 

[Terry Gibson's perm]

The administrator will surely want the game to go ahead Saturday to keep some cash flow in the business.

 

[Brighton Sky Blue]

The administrator will surely want the game to go ahead Saturday to keep some cash flow in the business.

The question is staffing

 

[DazzleTommyDazzle]

The council gave us assurances that tonight would be on, and it is. They also have said they can't give those assurances for Saturday if administration happens, which it looks like it will. Personally I'd be more than a bit concerned.

I guess they'd say that because it would be in the administrator's hands, so not under their control.

It would be unusual for an administrator to walk into a business that has a reasonable chance of being sold and then move straight to liquidation.

Anyway, time will tell.

 

[shepardo01]

Is Simon Gilbert a bond holder?

That question should be asked of CCC!!!

 

[Grendel]

The administrator will surely want the game to go ahead Saturday to keep some cash flow in the business.

What cash will be generated?

 

[Nick]

That question should be asked of CCC!!!

Duggins says they don't own any "as far as he knows"

 

[Brighton Sky Blue]

I guess they'd say that because it would be in the administrator's hands, so not under their control.

It would be unusual for an administrator to walk into a business that has a reasonable chance of being sold and then move straight to liquidation.

Anyway, time will tell.

Indeed. But if the administrator has no money available, he surely can't run the stadium on a matchday.

 

[Liquid Gold]

The question is staffing

What staff do ACL provide?

I heard the stewarding has already transferred to the club, the catering is provided by the vendors, the club pays for policing.

If it's just someone to unlock the stadium I'm sure it'll be fine.

 

[Flying Fokker]

Indeed. But if the administrator has no money available, he surely can't run the stadium on a matchday.

Ouch… that was a low punch

 

[wingy]

Didn't the administrator for Derby keep it running on the basis of the eventual owner's picking it up from the overall deal?

 

[oldfiver]

Yep, top of my head you'd perhaps want a CIC (Community Interest Company) set-up so any assets purchased are "locked-in" and an escrow account to protect deposits.

You can tell I've been thinking about it...

Interesting Holmes- but needs more than a 7% solution !

 

[oldfiver]

Ouch… that was a low punch ☹

CCFC and other tenants rents?

 

[Ccfcsj]

Didn't the administrator for Derby keep it running on the basis of the eventual owner's picking it up from the overall deal?

I thought that Derby County FC went in to administration but the football ground was owned separately by Mel Morris. I assume the Administrator paid the rent and claimed it back through the sale of the club

 

[Nick]

CCFC and other tenants rents?

You would think the Casino and bar would want the game to go ahead as well. Not sure if it's ACL who directly run the Anecdote or what.