Wasps going into admin & the impact on CCFC (156 Viewers)

[Skyblueweeman]

I'm starting to feel a little less confident

I feel like it's a question of 'whats the lesser of two evils?' and are either of those evils worse than what we've endured in the last 15 years?

I guess we're just programmed to look for the negatives.

 

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[Nick]

Full and final bids expected by the end of the day - plenty of time

So people are bidding on a "non administration ACL" rather than a "pre pack" or "ACL in Administration" ?

Who are the bids going to and who is deciding on them? They aren't in admin so it isn't the administrator is it?

 

[Liquid Gold]

Ashley will have a deal agreed with Sisu to buy the club if he acquires the arena, I'm certain of that.

Sisu seemingly dropping out also points to that in my opinion.

NEC can piss off but even if that worse case scenario happens we aren't renting from Wasps.

 

[Brighton Sky Blue]

I feel like it's a question of 'whats the lesser of two evils?' and are either of those evils worse than what we've endured in the last 15 years?

I guess we're just programmed to look for the negatives.

Ashley owning both the ground and the club would be a big improvement on the current trajectory.

 

[Skyblueweeman]

Given that we know SISU were definitely interested I'd say it's more likely Ashley gave them better terms than they were otherwise going to get.

So Ashley said to Sisu, let me get the Arena and I'll buy the club off you if you pull out?

 

[Skyblueweeman]

Ashley owning both the ground and the club would be a big improvement on the current trajectory.

I guess so.

 

[SHUNT31]

Nothing is ever simple with City is it. Always some c**t sniffing around when they’re not welcome. We are fucked if NEC get the ground.

 

[Skyblueweeman]

NEC can piss off but even if that worse case scenario happens we aren't renting from Wasps.

That to me (and their demise) has been a proper mood changer for me. HATED renting from those arrogant parasites.

 

[SHUNT31]

Given that we know SISU were definitely interested I'd say it's more likely Ashley gave them better terms than they were otherwise going to get.

Let’s hope so. Been waiting 8 years for this disaster to end. Any owner with the ground is better than the current set up.

 

[Liquid Gold]

Given that we know SISU were definitely interested I'd say it's more likely Ashley gave them better terms than they were otherwise going to get.

Yeah I agree, he's upped his bid for the club by a million to get them to drop out of the arena race or something.

 

[thekidfromstrettoncamp]

That's the thing, he said they had bid yesterday.

So does it mean they have been ruled out?

Nick usual statment "we put in a bid but we were outbid this occasion".I say great perhaps they will sling their hook this time.

 

[rexo87]

What’s happened to your rich Americans @Saddlebrains


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[Evo1883]

Il be so bitterly dissapointed if NEC end up owning this stadium , it would be like day 1 of wasps rocking up .. tenants forever as we know sisu aren't building a stadium

 

[ajsccfc]

Simon Gilbert's saying that McAvoy's not out of the running yet either

 

[Nick]

Yeah I agree, he's upped his bid for the club by a million to get them to drop out of the arena race or something.

I hope this is true.

 

[hill83]

No SISU bid expected

 

[Nick]

Simon Gilbert's saying that McAvoy's not out of the running yet either

Yet he just said there were 2 names he was "hearing".

I wonder if they are the preferred bids.

 

[SHUNT31]

Il be so bitterly dissapointed if NEC end up owning this stadium , it would be like day 1 of wasps rocking up .. tenants forever as we know sisu aren't building a stadium

100% this!

Those saying NEC wouldn’t be bad are wrong. Would be no different other than someone else’s name above the door.

NEC wouldn’t be as dependent on us being there either I wouldn’t have thought.

 

[torchomatic]

 

[Brighton Sky Blue]

So Ashley said to Sisu, let me get the Arena and I'll buy the club off you if you pull out?

Most probably. The rumours about what SISU had in mind were a bit too specific to be made up, and you imagine that both they and Ashley have come up with something that gives them a better chance of beating the NEC bid.

Let’s hope so. Been waiting 8 years for this disaster to end. Any owner with the ground is better than the current set up.

We know he has the capital, and he would want to ultimately turn a profit on the enterprise by getting it into the top flight. As we are, we're at the very best going to hover between the second and third tier in a ground we'll never own.

 

[shepardo01]

View attachment 26937

This is a weird one as it looks like we see currently paying to keep them out of administration!!!???
Also very disappointing if true...

 

[Nick]

This is a weird one as it looks like we see currently paying to keep them out of administration!!!???
Also very disappointing if true...

Yeah with the inflated matchday costs will be funding them staying out of admin.

 

[Evo1883]

Ashley will have a deal agreed with Sisu to buy the club if he acquires the arena, I'm certain of that.

Sisu seemingly dropping out also points to that in my opinion.

NEC can piss off but even if that worse case scenario happens we aren't renting from Wasps.

Back to square one though mate with a pitch not so churned up , we need to hope and pray Ashley gets it now

 

[Brighton Sky Blue]

Yeah I agree, he's upped his bid for the club by a million to get them to drop out of the arena race or something.

It will ultimately come down to who offers the most to the administrator, Ashley or NEC. Don't know who has deeper pockets or is more bothered about the acquisition.

 

[Nick]

It will ultimately come down to who offers the most to the administrator, Ashley or NEC. Don't know who has deeper pockets or is more bothered about the acquisition.

They aren't in Administration though?

This is the confusing bit.

 

[TomRad85]

No other football club would have to put up with this shit, another company who's not interested in the football club bidding for a FOOTBALL stadium for fuck sake.

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[Sick Boy]

Has there been any indication where the Franchise takeover is getting financial backing from?

 

[Liquid Gold]

They aren't in Administration though?

This is the confusing bit.

There will be three way negotiations

Buyer - Richardson - Administrator

The buyer will be offering a figure to take ACL off Richardson and he will take the money and run, this is why he reappointed himself director recently.

They will also be offering the administrator a pre-pack to pay % in the £ on the debt and then come out with the arena in the event of ownership of ACL.

 

[aviles]

My concern with the NEC is they are going to want to make a profit, so who is to say they wouldn't also do a deal with Wasps to also continue playing at the CBS.

I would take Ashley, I think he might do thing to upset the fans for example move from hummel, change the stadium name etc but i think he would take us to the prem and then sell to a saudi billionaire and we will have won the champions league by the end of 2030.

 

[jordan210]

They aren't in Administration though?

This is the confusing bit.

It's all currently a bit odd. as NOI is expired and no filing for anything else.

 

[Brighton Sky Blue]

They aren't in Administration though?

This is the confusing bit.

Wasps Holdings are though, and their administrator needs the proceeds from selling off one of the group companies to pay off the creditors.

 

[RegTheDonk]

If they don’t bid then I will have lost all hope.

Unless they've had some kind of agreement to stay out of it so Ashley can then buy us? I'm hoping as, with the NEC involved and SISU not, that seems the only way out for them pre-admin.

 

[wingy]

They aren't in Administration though?

This is the confusing bit.

And Richardson has planted himself on the board .
c**t playing dirty revenge.

 

[Nick]

There will be three way negotiations

Buyer - Richardson - Administrator

The buyer will be offering a figure to take ACL off Richardson and he will take the money and run, this is why he reappointed himself director recently.

They will also be offering the administrator a pre-pack to pay % in the £ on the debt and then come out with the arena in the event of ownership of ACL.

Surely he can't take any money and run while there is so much debt in there?

Surely all bids at the minute are going to ACL which is Richardson, Nick Eastwood and Jacky Isaac (who has also seemingly been about through all this mess).

 

[Sick Boy]

My concern with the NEC is they are going to want to make a profit, so who is to say they wouldn't also do a deal with Wasps to also continue playing at the CBS.

I would take Ashley, I think he might do thing to upset the fans for example move from hummel, change the stadium name etc but i think he would take us to the prem and then sell to a saudi billionaire and we will have won the champions league by the end of 2030.

Why wouldn’t Ashley do a deal with them? Especially considering that it was reported he had held talks about a takeover of them?