Wasps going into admin & the impact on CCFC (165 Viewers)

[Evo1883]

The media seems sliding towards a big reveal in terms of something positive. If Richardson was involved we’d know by now

Yea I agree tbh absolutely nothing about him and by all accounts wasps won't be involved

 

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[Evo1883]

If we do end up owning the ground (our owners own ot etc )

How many years since we sold Highfield Road

How many years since we owned our ground

 

[Brighton Sky Blue]

Not really, it would be very naive to think that this is a happy ending where somebody buys the ground and the club and we all live happily ever after.

I am just waiting for the twist

M Night Shyamalan is elsewhere tonight, don't worry.

 

[rexo87]

Not really, it would be very naive to think that this is a happy ending where somebody buys the ground and the club and we all live happily ever after.

I am just waiting for the twist

Even when we do get taken over by a Saudi Prince and win the champions league you'll be worrying that Derek is around the corner

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[clint van damme]

Oh dear

 

[rexo87]

Oh dear

Comments are a good read

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[Evo1883]

Oh dear

So would the sale of coventrys stadium to a London based rugby team ... oh wait ✋️ c**t

 

[olderskyblue]

Not really, it would be very naive to think that this is a happy ending where somebody buys the ground and the club and we all live happily ever after.

I am just waiting for the twist

Tbh, I think every City fan should be worrying about that. history shows us that it’s how it usually turns out.

 

[Gynnsthetonic]

Even when we do get taken over by a Saudi Prince and win the champions league you'll be worrying that Derek is around the corner

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[Evo1883]

Tbh, I think every City fan should be worrying about that. history shows us that it’s how it usually turns out.

Why feed his anxiety OSB .. why

 

[wingy]

Do we lose the sports phone in shows?
It's a bit daft if you ask me and probably at risk of further curtailment further down the line.
Maybe independent providers will have to pickup the slack, especially sports,?

 

[Sick Boy]

[/QUOTE]

If we do end up owning the ground (our owners own ot etc )

How many years since we sold Highfield Road

How many years since we owned our ground

I’m sure we sold around 2003 and left in 2005?

 

[Nick]

Even when we do get taken over by a Saudi Prince and win the champions league you'll be worrying that Derek is around the corner

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Not quite, but I will be cynical until the whole ACL / wasps thing is confirmed.

 

[hutch1972]

Far to many pages to read through, has anyone else found it strange that we have only now announced that we are under a transfer embargo and haven’t paid the hmrc. It especially seems odd that sisu are communicating it with us at all considering it’s sisu and that we are half way through paying it and it won’t effect January?
does this sort of stuff come out publicly when a take over happens or is it easily found online so they thought they’d better announce it before someone else does?

All embargos are available to view on the EFL site.

 

[duffer]

Am sure it will be a prepack situation. That doesn't mean necessarily that the value is set in the administration. It could be a way of separating the assets the purchaser wants from everything else. The price already set

The purchaser pays acl for those assets and the assets move to a new company. The funds that would then be in acl get allocated by the administrators, secured creditors first, then hmrc, then unsecured creditors.

Any claim for pitches loss of income etc would be against acl as unsecured creditors not the new Co. Given what might be left from the sale for unsecured creditors it wouldn't result to much I don't think. Probably enough to pay legals of the claim.

CCC has to be involved as freeholder because in a prepack the lease is being transferred to an entity that probably didn't exist until recently. The freeholder needs to know the lease it granting is safe...... past history says ccc not good at doing that

I can't imagine that there will be anything left by the time the bondholders and HMRC have been paid.

Also, I don't think the freeholder can "unreasonably" block the sale as long as it meets the conditions of the lease. If SISU were a bidding party, or part thereof, you can imagine the fallout if the council got in the way!

 

[Liquid Gold]

American billionaire agreed, safe standing to be introduced as part of the renovations. MR will be given a smallish fund for improvements in Jan but they will focus on long term deals for our best players.

 

[Brighton Sky Blue]

Not quite, but I will be cynical until the whole ACL / wasps thing is confirmed.

Bernie's on it

 

[Nick]

American billionaire agreed, safe standing to be introduced as part of the renovations. MR will be given a smallish fund for improvements in Jan but they will focus on long term deals for our best players.

???

 

[Skyblueweeman]

Right, kids in bed, one of them off his tits on sugar. Have we been bought and own the Arena yet?

 

[Tommo1993]

Feel like I’ve learned nothing on this topic today.

 

[Liquid Gold]

???

Just made it up. Fuck it, nobody actually knows a thing.

 

[rexo87]

American billionaire agreed, safe standing to be introduced as part of the renovations. MR will be given a smallish fund for improvements in Jan but they will focus on long term deals for our best players.

ITK???

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[shmmeee]

ITK???

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In The Kitchen, posting shite.

 

[Otis]

My money's on Lula.

I used to quite like her until she did that duet with Take That.

 

[long way home]

I think she did more than a duet, i think did all of them.....

 

[JAM See]

I used to quite like her until she did that duet with Take That.

And there was me thinking it was a fictional cross dressing character invented by Ray Davies.

 

[Liquid Gold]

Yeah

ITK???

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yeah man, can I have my blue tick please?

 

[CCFC54321]

35 mins since the last post… has there been a nuclear explosion and I’m the only one survivor left to save the CBS?

 

[WestEndAgro]

So 217 pages, and everything is about as clear as mud, other than we are playing at the CBS.

 

[Calista]

Midlands Today just gave a surprisingly downbeat summary saying ACL had until the end of today to find someone to take over, but no buyer has yet come forward.

 

[Corrado]

I used to quite like her until she did that duet with Take That.

You have got to be up there as the comic of the forum, you crack me up sometimes

 

[Evo1883]

Would like to add there is a 15 page thread running on sunderland fans forum about us , one of many many threads made about us , coventry city , a club that's obsessed with sunderland afc ..and absolutely not the other way around

 

[robbiethemole]

saw the highlights of the games on Saturday, Sunderland in their away kit..................a beautiful shade of SKY BLUE!! oh, the irony hahahha

 

[Liquid Gold]

Would like to add there is a 15 page thread running on sunderland fans forum about us , one of many many threads made about us , coventry city , a club that's obsessed with sunderland afc ..and absolutely not the other way around

Let me guess

“let them bust man”
“Hitler should have finished the job”
“Cheating bastards”
“Deserve everything they get after what they did at our place”
“Most irrelevant club in the countr

 

[Evo1883]

Let me guess

“let them bust man”
“Hitler should have finished the job”
“Cheating bastards”
“Deserve everything they get after what they did at our place”
“Most irrelevant club in the countr

Basically