Wasps going into admin & the impact on CCFC (228 Viewers)

[jordan210]

All I have learnt lately is Gilbert doesn’t appear to know much more than us.

 

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[LastGarrison]

Any chance Ashley could buy it only just to immediately sell it on to SISU in a Robert Jarni-esque move just to negate the conflict between CCC and SISU?

 

[shmmeee]

I agree it’s why I always look to individuals to take responsibility and accountability for what we or they do.

Sure, but no decision won’t be voted on by the full council, that’s just not how it works. Like Gilbert’s story about a Wasps bailout, would never have happened in a million years and it was just playing on people paranoia.

 

[shmmeee]

Any chance Ashley could buy it only just to immediately sell it on to SISU in a Robert Jarni-esque move just to negate the conflict between CCC and SISU?

How would that negate conflict? CCC would be the freeholder in both situations.

 

[Evo1883]

If Ashley has no intention of buying the club

- we are the same as now , possible worse rental agreement in future, sisu hand forced on new stadium or continue to lose money .

I genuinley think this is the beginning of the end for sisu , can't see how they come back from this

 

[jordan210]

Someone please make a gif of Princess Leia kneeling in front of R2 saying "help me Mike Ashley, you're my only hope". Thanks in advance.

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[Liquid Gold]

Next few weeks??

I need a resolution sooner than that. This is driving me nuts.

 

[LastGarrison]

How would that negate conflict? CCC would be the freeholder in both situations.

But if Ashley had the 250 year lease and then sold it straight on then there’s fuck all CCC can do about stopping SISU getting hold of the stadium?

 

[shmmeee]

But if Ashley had the 250 year lease and then sold it straight on then there’s fuck all CCC can do about stopping SISU getting hold of the stadium?

Not according to some on here. But how is that any different from Wasps selling to Ashley?

 

[Brighton Sky Blue]

As I said yesterday - just because we as City fans think it’s obvious that buying the stadium and then immediately buying the club is an elegant, popular and lucrative solution doesn’t mean that any outside investors automatically see it that way.

Which is correct. But we’re discussing someone who was willing to pay £50 million for Derby plus stadium in the summer.

 

[Liquid Gold]

In all seriousness if Ashley is buying the arena there is no doubt in my mind we go into the Jan window with him as owner.

 

[Evo1883]

Imagine stressing out a company for several years only to have somebody else come in and take advantage of your hard work

 

[SBT]

Which is correct. But we’re discussing someone who was willing to pay £50 million for Derby plus stadium in the summer.

Derby were up for sale - are we?

 

[SBT]

In all seriousness if Ashley is buying the arena there is no doubt in my mind we go into the Jan window with him as owner.

If Gilbert’s timeline is accurate and the arena deal won’t be completed for weeks then I’d say there’s almost zero chance of that.

 

[Brighton Sky Blue]

Derby were up for sale - are we?

They were also in administration. So presumably worth less.

 

[The Philosopher]

Derby were up for sale - are we?

I think so.

 

[Evo1883]

If Gilbert’s timeline is accurate and the arena deal won’t be completed for weeks then I’d say there’s almost zero chance of that.

Tweet says next couple weeks to be fair

 

[Sky Blue Harry H]

It’s clever what he’s doing. Means he will get planning permission for warehouses, offices, crate jobs etc… council and locals will embrace it. In the meantime he wants bit of a hobby and the club would be complimentary to his empire building in the city.

He'll change our name to Complementary City - not having that.

 

[SBT]

They were also in administration. So presumably worth less.

So in other words, it was the stadium that Ashley was throwing most of the money at?

 

[olderskyblue]

A tall old guy with grey hair being shown the different lounges 1/2 hr ago. Northern accent. Probably nothing

On reflection, the northern accent was Geordie….

 

[MalcSB]

This is a Case of one step at a time Wasps gone kaput, ground soon to be sorted, Wasp signs I’m sure soon to be removed and then the club purchased not necessarily by the new ground owner was told ages ago prepare for a happy sky blue Christmas after 15 years I’m prepared to be patient a bit longer.

Slight problem is that RFU rules apparently require a Phoenix Wasps to play at their existing home ground for 2 years.

 

[theferret]

Why all the angst?

Wasps are history - from this day forward the CBS Arena will be referred to as the home of Coventry City Football Club - Wasps are just a footnote in its history. What a result that is.

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

We're powerless anyway, so just have to let it play out, but I'm very optimistic.

 

[Liquid Gold]

If Gilbert’s timeline is accurate and the arena deal won’t be completed for weeks then I’d say there’s almost zero chance of that.

Why do you think that though?

 

[The Philosopher]

On reflection, the northern accent was Geordie….

Was he wearing crocodile shoes? Was it Jimmy Nail?

 

[SBT]

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

Are we still talking about Mike Ashley?

 

[TomRad85]

SISU have been waiting for this for years, there's no way they just sit there and don't even make a bid unless they've agreed to sell, in my opinion.

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[Sick Boy]

Why all the angst?

Wasps are history - from this day forward the CBS Arena will be referred to as the home of Coventry City Football Club - Wasps are just a footnote in its history. What a result that is.

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

We're powerless anyway, so just have to let it play out, but I'm very optimistic.

It’s still being referred to as Wasps’ ground/a rugby stadium in the media - we’re just mere tenants.

I’d still like to know where the Parasites’ takeover money is coming from.

 

[MalcSB]

Why all the angst?

Wasps are history - from this day forward the CBS Arena will be referred to as the home of Coventry City Football Club - Wasps are just a footnote in its history. What a result that is.

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

We're powerless anyway, so just have to let it play out, but I'm very optimistic.

A repeat I know. Slight problem is that RFU rules apparently require a Phoenix Wasps to play at their existing home ground for 2 years

 

[SBT]

Why do you think that though?

Takeovers of this size take a lot of time. If negotiations are at a standing start then I can’t imagine they’ll get done in 50 days. I wouldn’t expect to buy a house in that timeframe, let alone a football club. The due diligence alone could be a nightmare.

 

[olderskyblue]

Was he wearing crocodile shoes? Was it Jimmy Nail?

He didn’t head butt me, so probably not

 

[The Philosopher]

Hmm.

How close are Hoffman and Ashley. It looks like they’ve had some dealings.

Premier League chairman 'to resign' after Newcastle takeover backlash

Sky News report Premier League chairman Gary Hoffman is due to resign due to unrest over the Newcastle United takeover

www.chroniclelive.co.uk

 

[theferret]

A repeat I know. Slight problem is that RFU rules apparently require a Phoenix Wasps to play at their existing home ground for 2 years

Forever breaking their own rules that lot. Ultimately they will want Wasps back in some form, so you'd imagine there would be some slack, especially if they were returning to the London area.

 

[jordan210]

In the space of 24 hours. We have had NEC 100% buying the ground to Ashley 100% the ground.

ACL being purchased without admin. to ACL filing for Admins.

 

[Philosoraptor]

Hmm.

How close are Hoffman and Ashley. It looks like they’ve had some dealings.

Premier League chairman 'to resign' after Newcastle takeover backlash

Sky News report Premier League chairman Gary Hoffman is due to resign due to unrest over the Newcastle United takeover

www.chroniclelive.co.uk

Thought he resigned over the Super League fiasco, could be wrong.

 

[Liquid Gold]

Takeovers of this size take a lot of time. If negotiations are at a standing start then I can’t imagine they’ll get done in 50 days. I wouldn’t expect to buy a house in that timeframe, let alone a football club. The due diligence alone could be a nightmare.

I don’t think it’s a standing start. He’s been around for a while. I have no doubt the majority of terms have been agreed with sisu and that’s why they’ve not made a serious play on the arena.