Did I read it's the first bond of its kind to fail. Seems unlikely but sure I read it somewhere.
Wasps going into admin & the impact on CCFC (51 Viewers)
- Thread starter Alkhen
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pusbccfc
Well-Known Member
Not what he said away at Hull. He was honest and said he couldn't afford it. People think he's this ultra rich millionaire. He can't afford a 6 figure repair on a pitch just because he loves the club.
Sky Blue Pete
Well-Known Member
Really is. I used to know many councillors and would vouch personally for their character , seems a long time ago now and maybe I was just naive
GIMOC
Well-Known Member
correct. The fella has done well but he isn’t minted. The fact he uses a coach with fans every week from rugby speaks volumes. He has helped where he can but not on that scale
Sky Blue Pete
Well-Known Member
Don’t see why it would be secret if cwg paid
Bernie Rhodes Nose
Well-Known Member
...and the sculpture artist is poised.
The Philosopher
Well-Known Member
I still think it was CCFC that paid. They had a choice: get the pitch sorted and play or leave as is and get sanctioned by FL
and have no additional gate receipts for a while.
Not saying we would have kept Hyam else but (out comes the fag packet) say 3 lots of walk ups and away fans and bit of add ons? £500k (3 lots of exp att - ST sales, 20k - 12k, 8k. Therefore 24k unsold tickets at £15-25 plus any extras ) (and FFS whoever is going to be a wang and waste time arguing the figures might be a bit wrong - get the point then a life)
Was is £100k to lay the pitch?
Were CCFC £600k out on budget : cash flow forecast?
What do we guess, half of the Hyam fee paid up front?
Pesky Wasps needed swatting.
and have no additional gate receipts for a while.
Not saying we would have kept Hyam else but (out comes the fag packet) say 3 lots of walk ups and away fans and bit of add ons? £500k (3 lots of exp att - ST sales, 20k - 12k, 8k. Therefore 24k unsold tickets at £15-25 plus any extras ) (and FFS whoever is going to be a wang and waste time arguing the figures might be a bit wrong - get the point then a life)
Was is £100k to lay the pitch?
Were CCFC £600k out on budget : cash flow forecast?
What do we guess, half of the Hyam fee paid up front?
Pesky Wasps needed swatting.
AFCCOVENTRY
Well-Known Member
SeaSeeEffCee
Well-Known Member
Sounds like we’re probably fucked again.
alexccfc99
Well-Known Member
Still not jumping on board with all the hysteria, the fact we may temporarily be unable to use the CBS doesn’t make me any less delighted at Wasps demise
We’ve been in much more worrying situations than this as a football club
We’ve been in much more worrying situations than this as a football club
Skyblueweeman
Well-Known Member
I've heard quite the opposite to be fair from good sources, that he's actually very minted. Assume he doesn't like to talk/brag about it.
shepardo01
Well-Known Member
Wouldn't administration see us only slightly f**cked, but liquidation would leave us very f**cked????
Nick
Administrator
Yeah we knew that
Gynnsthetonic
Well-Known Member
Could the stadium not operate even just 3 sides whilst the rest of the arena complex is shut, just so our games go ahead
GIMOC
Well-Known Member
from what I heard, not sure how true. We paid for the pitch ourselves which meant no rent to be paid.
he’s not. He’s done well for himself but certainly not minted enough to pay for a pitch relay etc…
shmmeee
Well-Known Member
Would have to be behind closed doors I’d expect cos no staff.
no_loyalty
Well-Known Member
We don’t want anymore home games postponed while we have momentum and are in good form.
shepardo01
Well-Known Member
One would need to be the "complex" side so players could change, media can access etc.... not sure that would be viable??
chiefdave
Well-Known Member
It would make no sense for Wasps to keep insisting there was no problem if they knew it was fucked and the CWG were paying to fix it. All it would have needed would have been a statement saying there was more damage than expected and the CWG are paying for the work required to bring it up to standard which is expected to be completed by whatever date.
That's a million miles from what we had which was them insisting nothing was wrong and the pitch was safe to play on.
chiefdave
Well-Known Member
multiple sources could just be the two posts online we already knew about. My neighbours runs a company that provides event services up there and as far as they are concerned everything is going ahead as usual.
GIMOC
Well-Known Member
thats the issue though. What starts off not having use of the ground what next? Loss of income? Uncertainty in short Term. It’s a bad pathetic that your happy for the club to suffer because wasps have gone under. I couldn’t give a fuck about wasps. I care about CCFC. At the minute, we have alot of unanswered questions and have no idea if we have a game on Tuesday. That’s shit
Sky Blue Pete
Well-Known Member
Only if Martin and acl and ccc play fair
GIMOC
Well-Known Member
Third party event suppliers will be the last to know. They won’t be privy to it all. Tuesday as it stands is in serious doubt
Specs WT-R75
Well-Known Member
The lease wasn't gifted. They paid 1m in consideration. That said I am aware that the lease can go back to the council, but I assume that is a "fail-safe" clause. Pretty sure the council would be sued by the bond holders quicker than you could say "state aid".
Duggins gave assurances that everything will be done to ensure CCFC continue to play at the CBS.. the F’in council signed this deal with the pests, now is the time to step up and support CCFC. What an absolute shambles.. I will be emailing my local councillor today and Duggins & co will be on copy
Sky Blue Pete
Well-Known Member
Everyone should email them and call them out. It’s in their gift to enable us to play there during admin
Nick
Administrator
All of the companies using the Ricoh seem to have unanswered questions
GIMOC
Well-Known Member
that’s my concern. He can give reassurance all he wants. it’s out of his hands.Like you say bud, complete shambles
Grendel
Well-Known Member
His company sold for over £200 million
The rent is paid quarterly and I doubt they’d just say don’t pay the next instalment
chiefdave
Well-Known Member
Looking at the events happening next week there' s no signs of any concern or arrangements being made to move or postpone. There's exhibitors posting on social media that they're ready for events there at the start of next week.
Obviously there's lots of unknowns but I don't think assuming the worst case scenario based potentially based on nothing but a couple of posts on the Wasps forum, which isn't exactly known for reliable information, is really helping.
Forget about the football club, will the council really want a load of events cancelled, that's not likely to attract a buyer when they try and shift the lease again.
Obviously there's lots of unknowns but I don't think assuming the worst case scenario based potentially based on nothing but a couple of posts on the Wasps forum, which isn't exactly known for reliable information, is really helping.
Forget about the football club, will the council really want a load of events cancelled, that's not likely to attract a buyer when they try and shift the lease again.
Grendel
Well-Known Member
People will carry on booking events but it’s reality that liquidation especially would create an issue. It wouldn’t have an impact on a buyer in reality
alexccfc99
Well-Known Member
I’m just not panicking, it’s common sense to understand there wouldn’t be a buyer until next week - why would someone fork out millions for a distressed company now when they could have it for next to nothing next week
Any new buyer would be completely mental to kick CCFC out in addition to that
GIMOC
Well-Known Member
He didn’t get all the 200 million mate. I know that for a fact. He didn’t get anywhere near that figure, loads of parties involved in his business.
Grendel
Well-Known Member
the admin argument versus non admin is a bit lame - you can agree a deal pre admin which takes the admin process into account - that’s what Sisu did when buying us
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