Wasps going into admin & the impact on CCFC (151 Viewers)

[HuckerbyDublinWhelan]

To be fair if this goes down they would have a point. I have no love for SISU but it does appear that CCC holding grudges has scuppered any chance they would have had to even make a bid... For the second time

They know the rules - they’ve fucked it again. Ashley was preferred bidder he has exclusivity they knew this.

 

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[theferret]

May have already been mentioned, but Ashley at the game tonight apparently.

 

[rexo87]

May have already been mentioned, but Ashley at the game tonight apparently.

According to?

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[theferret]

According to?

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Somebody I know with connections to the arena management. Just repeating what he told me. Don't claim to be itk or owt, but no reason to doubt him.

 

[skybluetony176]

Sisu have fucked it.
Do they take what they can for the club and skip town or do they dig in and act the prick?

I don’t think they could afford to take Ashley on even if they want too. Who knows, they might already have a deal in place with Ashley but it was contingent on him being able to buy the Ricoh first. Maybe Ashley understands what SISU are and has deliberately backed them into a corner to Trojan horse CCFC away from them.

The only thing I feel any sort of certainty about is I can’t believe that Ashley would be buying the CBS unless he was interested in CCFC. Fingers crossed.

 

[shmmeee]

I don’t think they could afford to take Ashley on even if they want too. Who knows, they might already have a deal in place with Ashley but it was contingent on him being able to buy the Ricoh first. Maybe Ashley understands what SISU are and has deliberately backed them into a corner to Trojan horse CCFC away from them.

The only thing I feel any sort of certainty about is I can’t believe that Ashley would be buying the CBS unless he was interested in CCFC. Fingers crossed.

How interested though? Cos from the rumours it sounds like he’s interested in CCFC the same way Sisu are in the CBS. I.e. only if it’s distressed.

 

[long way home]

Is Joy's American investor a Texan

From Old Jamaica i think

Taxi!!!!

 

[skybluetony176]

Ultimately though the administrator will want the best deal - so Ashley has clearly come in with a deal that's considered more than acceptable.

Others could have done that, it's not like he's Mystic Mike who somehow can predict this happening and get his ducks lined up... unlike the owners of one of the stadium's tenants, who'd have no clue anything was wrong until it all came falling down!

I can’t believe that SISU were willing to pay at least £10M for it either. It’s all very well saying that they weren’t given the opportunity to bid (although they clearly had the same opportunity as anyone else) but if all you were willing to bid was a bag of toffees you were never a serious buyer anyway.

 

[Liquid Gold]

Imagine if Ashley was there just sat with Joy.

 

[rexo87]

Imagine if Ashley was there just sat with Joy.

Cuddling


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[HuckerbyDublinWhelan]

Cuddling


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After giving her a ride on his chopper?

 

[rexo87]

After giving her a ride on his chopper?

Goes without saying

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[Saddlebrains]

I mean its almost like what i was saying to you all was correct wasnt it....

 

[skybluetony176]

How interested though? Cos from the rumours it sounds like he’s interested in CCFC the same way Sisu are in the CBS. I.e. only if it’s distressed.

The club is distressed. We’ve just had to agree to a payment scheme with HMRC.

 

[SkyBlueMatt]

I think we'll start to hear more from SISU if things haven't gone their way. The longer they stay quiet I can only think there is some plan or agreement.

Whether it's good for us (the fans), remains to be seen.

 

[jordan210]

I mean its almost like what i was saying to you all was correct wasnt it....

can we have a recap

 

[SBT]

I mean its almost like what i was saying to you all was correct wasnt it....

Which part, this post from a week ago or signing Billy Gilmour?

Fuck it, saying it, kept it quiet for days if I'm wrong I'm wrong and he gets a whack

American investors, introduced by/ somehow linked into SISU have been over here for a week or so

New investor buys the CBS, gets 51% of the football club and then the SISU are saving money on rent etc. We make match day revenue and get a cut of the exhibitions/concerts/events etc.

The new investor either buys SISU out, a new owner comes in and buys everyone out or SISU sit pretty with their 49% and reap the rewards of the stadium ownership without ever having to buy it

 

[rexo87]

I think we'll start to hear more from SISU if things haven't gone their way. The longer they stay quiet I can only think there is some plan or agreement.

Whether it's good for us (the fans), remains to be seen.

Yeah got a feeling we may have a whining statement from Joy before the weekend

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[Deleted member 5849]

I mean its almost like what i was saying to you all was correct wasnt it....

Its all going to be better than OK

?

 

[clint van damme]

Which part, this post from a week ago or signing Billy Gilmour?

Got the name of the stadium right

 

[Saddlebrains]

Dont want to be the bearer of bad news

'Something changed overnight'

'Sisus plan of admin then pennies in the pound with their investor has gone tits up'

'Its 100% true SISU and Ashley havent had any contact'

Il ask for more when he knows more

But if it is Ashley and hes only buying the stadium, we're royally and completely fucked. He will distress SISU as much as possible if he wants us on the cheap.

We all know Joy wont think twice on moving us/ winding us up

This isnt going to end well as it stands this morning

This was one

 

[Saddlebrains]

The council are fully involved

This is ACL'S one last dig at SISU

Rushing through the admin process so it doesnt get to open admine

This was another

 

[Saddlebrains]

Told you all the council still had their fucking snouts in the trough

This is the parting shot

Ensuring SISU dont get it. Again

As was this

 

[Saddlebrains]

Very blinkered of you all to ignore them.

I said soon as I was told last week, it was done in this manner when it became apparent to those at CCC/ACL that sisu had the investor and the cash to do business and get the stadium

No way the powers that be wanted that to happen

 

[SBT]

Guys, I was right all along! Yes, my story changed when things went in a totally different direction to what I predicted. But the important thing is that ultimately I was right all along.

 

[HuckerbyDublinWhelan]

As was this

fully get your posts - but - Ashley made an acceptable bid before Admin, there was nothing stopping SISU bidding then.

absolutely ridiculous gameplan

 

[Saddlebrains]

Guys, I was right all along! Yes, my story changed when things went in a totally different direction to what I predicted. But the important thing is that ultimately I was right all along.

I mean its been a pretty obvious path since its all taken place hasnt it?

Also widely reported from Gilbert etc the SISU investor on board aswell so

 

[SkyBlueMatt]

This was one

This was another

As was this

Or SISU thought they could get it for peanuts then once a billionaire came sniffing around they had no intentions. Instead keep it as a tax write off and load it with debt.

 

[Saddlebrains]

fully get your posts - but - Ashley made an acceptable bid before Admin, there was nothing stopping SISU bidding then.

absolutely ridiculous gameplan

I agree, it was.

But they knew they would be working uphill with the council still poking noses in so trued their best to keep it hush it seems

 

[Saddlebrains]

Or SISU thought they could get it for peanuts then once a billionaire came sniffing around they had no intentions. Instead keep it as a tax write off and load it with debt.

Potentially

They deffo had cash on the hip for the stadium this time though

 

[Liquid Gold]

Still think Ashley will be CCFC owner before long.

 

[rexo87]

As much as I think Sisu had no real ambition to get the stadium unless it was for peanuts, it is plausible that as soon as Ashley approached ACL with an offer, they then gave him exclusivity immediately, blocking everyone else out. We were told Sisu only want it in admin. Technically, it is still going into admin so could it be said they would have offered the same or more than Ashley? All too complicated for me. Don't trust either side at all

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[tisza]

Just seems another example of SISU's flawed/deluded business strategy.
We'll batter people in court
We'll hang on to the last minute because nobody else would be interested.


This isn't a case of anyone screwing SISU. There's a standard format for administrations (they should know this as well as anyone). They had the opportunity to "compete" before Ashley's offer was accepted but didn't

 

[Deleted member 5849]

fully get your posts - but - Ashley made an acceptable bid before Admin, there was nothing stopping SISU bidding then.

absolutely ridiculous gameplan

Quite. Ultimately it's the creditors who want as much cash back as possible!

 

[clint van damme]

I agree, it was.

But they knew they would be working uphill with the council still poking noses in so trued their best to keep it hush it seems

If they'd bid more than Ashley and presented a feasible business plan then surely the council wouldnt have been able to prevent them being referred bidder?