Wasps going into admin & the impact on CCFC (279 Viewers)

[Skyblueweeman]

Chris Rea

I think you're right. It's coming into that time of year when his royalties start picking up.

'Driving to the CBS Arena for Christmas' isn't as catchy mind.

 

---

[Deleted member 5849]

I think you're right. It's coming into that time of year when his royalties start picking up.

'Driving to the CBS Arena for Christmas' isn't as catchy mind.

Arena is on the Road to Hell though

 

[Calista]

Hope there's an extension until the WC break

Just go to the toilet now CD, nothing will be announced for at least another hour

 

[Otis]

In my mind it's going to play out in public, Wrestling style and last minute Ashley is going to strut in and tombstone Fisher.

Sent from my SM-G973F using Tapatalk

Ooh, I like that as a nickname and he shall be known as such from this day forwards.

Tombstone Fisher.

 

[Skyblueweeman]

How have they ended up owing loads to Delaware / Compass?

Because money that should've gone to Delaware/Compass was obviously spent on their playing squad to make them the most successful team on the planet.

Oh, wait....

And flags. They bought lots of flags.

 

[Skyblueweeman]

I've now come to the realisation that I'm likely to get very little* work today.



* Any

 

[Nick]

Absolutely. Some on here, who still post, were adamant SISU shouldn't get the stadium as the first thing they'll do is borrow against it. I wonder what Wasps did....

Pretty sure the Council also said that's why they didn't want SISU to own it...

 

[Nick]

I've now come to the realisation that I'm likely to get very little* work today.



* Any

Shouldn't you be arranging CCFC a hotel in Walsall?

 

[Evo1883]

Pretty sure the Council also said that's why they didn't want SISU to own it...

It's become increasingly obvious day by day that the councils deal with wasps was an absolute disaster for the city and arena

 

[Dhinsa's_Millions]

We all knew there was significant repair work was needed even if it was yet another thing the Wasps supporters kept insisting we had made up.

Anyone bidding is obviously going to factor that in to their offer.

No way Ashley is bidding for the stadium and not considering the football club at the same time. Who is the other bidder besides SISU and NEC?

Me obviously - NOW IS THE TIME!

 

[COVKIDSNEVERQUIT]

I mean if we end up with the stadium - do we owe Sepalla and Fisher an apology? Turns out they were right all along

The football club would still be tenants.

 

[Gray]

How have they ended up owing loads to Delaware / Compass? Don't they run things themselves? I would have thought they'd take all the money and then pay ACL any share owned.

From all the press releases about record breaking deals it was made to sound like Delaware / Compass were paying ACL significant amounts not the other way round.

Delaware came in after Compass didn't get paid.. They gave Wasps money to pay off debt but Wasps didn't pay it

 

[oldskyblue58]

How have they ended up owing loads to Delaware / Compass? Don't they run things themselves? I would have thought they'd take all the money and then pay ACL any share owned.

From all the press releases about record breaking deals it was made to sound like Delaware / Compass were paying ACL significant amounts not the other way round.

Turnover is through iec so expect acl had control of the bank account. Basically it looks to me like the trading account was not up to date plus didn't delaware put a few million in upfront for the trading rights?

 

[COVKIDSNEVERQUIT]

W@$ps literally loaded all their debt onto the stadium so they could resurrect so much easier.

W@nkers.

Devious Bastard's.

 

[fernandopartridge]

How have they ended up owing loads to Delaware / Compass? Don't they run things themselves? I would have thought they'd take all the money and then pay ACL any share owned.

From all the press releases about record breaking deals it was made to sound like Delaware / Compass were paying ACL significant amounts not the other way round.

The contract or concession with Compass was terminated early wasn't it? So it's likely compensation for an early termination.

Likewise, with Delaware it's a joint venture and I guess Delaware put the capital up.

 

[Covcraig@bury]

This debacle is making my piss boil .

 

[Skyblueweeman]

Shouldn't you be arranging CCFC a hotel in Walsall?

Already booked.

 

[Sky Blue Pete]

Hope there's an extension until the WC break and then they get something a bit longer term sorted while that's going on.

Not necessarily expecting a deal to be completed that quickly but at least get something in place so we're not waiting for confirmation every week that we can actually play.

Shouldn’t have got to the point really where ccfc felt they may have to move, duggins was moving heaven and earth to ensure we could play

 

[edgy]

Shouldn't you be arranging CCFC a hostel in Walsall?

Edited that for you.

 

[Nick]

Shouldn’t have got to the point really where ccfc felt they may have to move, duggins was moving heaven and earth to ensure we could play

I think it is always better to have a backup plan, surely?

 

[Calista]

The three interested parties specifically mentioned by Gilbert are Sisu, NEC and Ashley. Those 3 will be coming at this from completely different angles. Do they have to make completely independent blind bids or does the Admin process provide scope for those parties to cooperate / join forces in any way?

 

[Skyblueweeman]

Edited that for you.

To be fair, the club stays in decent hotels for away fixtures.

Only because I sort them though ;-)

 

[Deleted member 5849]

To be fair, the club stays in decent hotels for away fixtures.

Only because I sort them though ;-)

Use the Britannia chain a lot, do you?

 

[Earlsdon_Skyblue1]

I'M neither A Police Officer or A Councilor but they might think it as defamation and act on it.

I look forward to hearing the dialogue within the Dutch Police Force when they get a fax from Duggins and Maton.

'Look here boys, we have been sent an extradition order from the United Kingdom.'
'What for, terrorism? War Crimes?'
'No, a person called Earlsdon_Skyblue1 has been posting on a Coventry City Football Club message board called Sky Blues Talk. He made a comment that the city of Coventry councillors are corrupt.'
'Right lads, get the S.W.A.T team ready and put the tanks on standby.'

 

[Evo1883]

At this point, I would love us to be owned by Mike Ashley as let's be honest even if he put 5 million in a season it's money we never get to see here anymore ...

 

[Nick]

The three interested parties specifically mentioned by Gilbert are Sisu, NEC and Ashley. Those 3 will be coming at this from completely different angles. Do they have to make completely independent blind bids or does the Admin process provide scope for those parties to cooperate / join forces in any way?

All 3 work together, bonus.

 

[Nick]

Loving somebody angry at SISU for the debt on ACL.

 

[Nick]

At this point, I would love us to be owned by Mike Ashley as let's be honest even if he put 5 million in a season it's money we never get to see here anymore ...

I'm the same, although if SISU know Ashley is also bidding for the arena he will want the club too.

 

[clint van damme]

Mike Ashley is a positive sign isn't it? Why would he want the stadium without the football club?

Everyone at the game tomorrow in Lonsdale and Slazenger , show him some love

 

[Evo1883]

I'm the same, although if SISU know Ashley is also bidding for the arena he will want the club too.

I think sisu will want out of the club anyway if they don't get the stadium

 

[Samo]

Chris Rea

It's his brother Di I feel sorry for.

 

[Nick]

Everyone at the game tomorrow in Lonsdale and Slazenger , show him some love

Ordering a "No Fear" Hoodie from SD as we speak.

 

[lord_garrincha]

The three interested parties specifically mentioned by Gilbert are Sisu, NEC and Ashley. Those 3 will be coming at this from completely different angles. Do they have to make completely independent blind bids or does the Admin process provide scope for those parties to cooperate / join forces in any way?

I wouldn't be shocked to see a backhander thrown in... here is a pic of the administrator explaining why they have selected Mike Ashley's bid...

 

[Nick]

I think sisu will want out of the club anyway if they don't get the stadium

In theory, they would want Ashley to pay less for the Ricoh so he would pay more for the club.

 

[Senior Vick from Alicante]

Dilapidation costs will form part the negotiations certainly, will affect size of any offer or its structure. But they don't have to be paid day 1 and could well be programmed over several years

Would be interested to know what would cost 13 million to repair, care to hazard a guess? Thats a lot of investment.