Wasps going into admin & the impact on CCFC (186 Viewers)

[Nick]

Indeed.

Meanwhile the actual people actually responsible for our club have failed again to make a serious attempt to buy the ground, and look likely to break up the best squad in decades to pay the tax bill while refusing to sell us.

Wait, people can't mention something the council tried to go but didn't go through but you are then trying to say about stuff that hasn't happened at all?

The "it woz sisu" defence for the council doesn't work any more.

 

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[Brighton Sky Blue]

Indeed.

Meanwhile the actual people actually responsible for our club have failed again to make a serious attempt to buy the ground, and look likely to break up the best squad in decades to pay the tax bill while refusing to sell us.

I've said pretty openly what I was told about SISU's intentions and plans to only go in for the lowest possible price. As the chant goes

Fuck the Wasps
Fuck SISU
Fuck the Council

I don't like any of them and don't really want any of them involved with the club anymore. Which is why like most I'm hoping against hope that Big Mike does the business

 

[Grendel]

Do you think the council can spend £30m with no democratic oversight?

Well they bought a private loan, sold a building they’d spent £10 million on for £5.6 million to a company that had a catastrophic credit rating and then gave them a long lease to borrow three times the original loan on a fictitious lease value

So I’ve no idea - seems they can do anything with zero accountability

 

[Brighton Sky Blue]

Wait, people can't mention something the council tried to go but didn't go through but you are then trying to say about stuff that hasn't happened at all?

The "it woz sisu" defence for the council doesn't work any more.

It was a line you often heard on the Wasps forums when you brought up any criticism of them or the Council. The assumption being that if you're talking badly of them you think SISU are blameless.

Sod the lot of them

 

[shepardo01]

Where have I claimed anything other that DB and JVS contacted him at the time of Admin?

....at which point they were trying to push through NEC as preferred bidder...

 

[shmmeee]

Well they bought a private loan, sold a building they’d spent £10 million on for £5.6 million to a company that had a catastrophic credit rating and then gave them a long lease to borrow three times the original loan on a fictitious lease value

So I’ve no idea - seems they can do anything with zero accountability

The answer you’re searching for it “No shmmeee, of course they can’t because I have the first clue how council expenditure works”

Council vote unanimously on sale of Coventry's Ricoh Arena

Councillors supported a deal to sell the Council’s share in ACL – the company that runs the Ricoh Arena - to Wasps Rugby Club. The deal ensures the Council makes a return on its original investment of £13.7million into the Arena development alongside significant investment into grassroots and...

www.itv.com

 

[SkyblueDad]

I've said pretty openly what I was told about SISU's intentions and plans to only go in for the lowest possible price. As the chant goes

Fuck the Wasps
Fuck SISU
Fuck the Council

I don't like any of them and don't really want any of them involved with the club anymore. Which is why like most I'm hoping against hope that Big Mike does the business

Here, here.

 

[Nick]

It was a line you often heard on the Wasps forums when you brought up any criticism of them or the Council. The assumption being that if you're talking badly of them you think SISU are blameless.

Sod the lot of them

Oh yeah it was the defence the weird trust accounts used too.

The ones I was told was a conspiracy but was right about.

 

[shmmeee]

Where have I claimed anything other that DB and JVS contacted him at the time of Admin?

No you’re very careful in what you claim. Which is why when I asked if Sisu had put a bid in you went off on a Martin Reeves tribute act.

 

[Fergusons_Beard]

So again, I’m not sure what you wanted to be done differently. Are Reeves and Duggins slippery cunts? Sure. Same as Ridley and Gilbert are trying desperately to turn this into Watergate for their own reasons.

Are Reeves and Duggins slippery cunts or just plain liars? Massive bullshitters at best.

As for the jibe towards journalists FINALLY actually asking extremely pertinent questions of our elected officers and it’s leaders-maybe you’d prefer them not to do their job? I mean come on it’s about fuckin time someone held those slippery cunts to account as they’ve had a pretty smooth ride up till this point!


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[Fergusons_Beard]

The bottom line is that Gilbert suggested there was to be a meeting of the Labour group to discuss a possible bail out of Wasps. Cue outrage. Cue backtracking and Duggins unequivocably stating to Nick and Gilbert no such discussion was in the pipeline.
All went quiet. Then The Times disclosed there had in fact been a Wasps Board vote on a proposal for the City Council to match fund a bailout to the tune of £30 million of citizens’ money. So now, found out, Reeves is desperately searching for a form of words to wriggle out of the fact that discussions did take place and subsequent denials were lies. Otherwise what exactly were the Wasps Board voting on? Apparently had Richardson agreed it would have gone ahead.
Have stayed out of this waiting to see what happens but the way Reeves only talks about the club as tenants makes me conclude the Council are about to shaft the club again.

This


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[Deleted member 5849]

I think to be honest the way they’ve bent over backwards to help and support Wasps while flipping off the football club for nearly a good 20 years is what eliminates any goodwill.

Maybe, and I can go along with some of it, but if we break this down...

Reeves has personal investment in making sure the Wasps project succeeds.

Duggins as part of the old guard, maybe so, although he wasn't as involved as Lucas, Mutton etc. Nor even Kevin Maton... he is also maybe slightly stupid, but he's been around the block enough to know the prevailing wind, and he knows full well that the newer Labour memebrs wouldn't support a bailout of Wasps. Therefore, it is a no-goer. Want to find out? Maybe those who emailed their councillors about any potential meeting should ask for their views on current issues...

tbh my main issue is the indiscriminate term of 'council' as though it's some sinister entity that moves by itself and there's no control anywhere. It'd be a bit like suggesting Robins worships at the SISU temple really Maybe, when times were good, there was a small (very small!) hope of £30mil going through for this, but I doubt that tbh. I can accept it's initial exploratory talks between somebody personally invested and people financially invested... to scope out if there was anything to be done, and how to sell it to the goon who leads the local authority. But in a cost of living crisis when budgets are about to go tits up...? It's a no-goer. Even if Duggins wanked himself furiously over it, it'd still be a no-goer and would spell the end of his career at the top end of it all if he tried to push it too far.

 

[Sky Blue Pete]

And because there was a clear line that the council wouldn’t provide funding.

That’s not been said anywhere

 

[Grendel]

The answer you’re searching for it “No shmmeee, of course they can’t because I have the first clue how council expenditure works”

Council vote unanimously on sale of Coventry's Ricoh Arena

Councillors supported a deal to sell the Council’s share in ACL – the company that runs the Ricoh Arena - to Wasps Rugby Club. The deal ensures the Council makes a return on its original investment of £13.7million into the Arena development alongside significant investment into grassroots and...

www.itv.com

But that’s bollocks. It’s not the case and you never acknowledge the fact the lease was only extended at a point to alloe a business to hawk money against.

The council received £2.8 million for its share and then another £1 million for a lease extension

You can’t seriously claim the surrendering of a loan they’d purchased “to make a small profit for the taxpayer” which they’d purchased with taxpayer money is then used to justify the sale to a company with a catastrophic credit rating

Oh hold on you just have

 

[Brighton Sky Blue]

Maybe, and I can go along with some of it, but if we break this down...

Reeves has personal investment in making sure the Wasps project succeeds.

Duggins as part of the old guard, maybe so, although he wasn't as involved as Lucas, Mutton etc. Nor even Kevin Maton... he is also maybe slightly stupid, but he's been around the block enough to know the prevailing wind, and he knows full well that the newer Labour memebrs wouldn't support a bailout of Wasps. Therefore, it is a no-goer. Want to find out? Maybe those who emailed their councillors about any potential meeting should ask for their views on current issues...

tbh my main issue is the indiscriminate term of 'council' as though it's some sinister entity that moves by itself and there's no control anywhere. It'd be a bit like suggesting Robins worships at the SISU temple really Maybe, when times were good, there was a small (very small!) hope of £30mil going through for this, but I doubt that tbh. I can accept it's initial exploratory talks between somebody personally invested and people financially invested... to scope out if there was anything to be done, and how to sell it to the goon who leads the local authority. But in a cost of living crisis when budgets are about to go tits up...? It's a no-goer. Even if Duggins wanked himself furiously over it, it'd still be a no-goer and would spell the end of his career at the top end of it all if he tried to push it too far.

I suppose by 'Council' I mean those with executive authority or as good as.

 

[Brighton Sky Blue]

Oh yeah it was the defence the weird trust accounts used too.

The ones I was told was a conspiracy but was right about.

 

[wingy]

....at which point they were trying to push through NEC as preferred bidder...

Wasn't that the week before around Wednesday / Thursday

So hard to keep up with the chronology it moves so quickly.

 

[shmmeee]

That’s not been said anywhere

2:15 of the Reeves interview: “the polticial leadership were very very clear there was to be no bailouts”

 

[Grendel]

View attachment 27235

Lionel looks happy - is that Tim Kalns at the back

 

[shmmeee]

But that’s bollocks. It’s not the case and you never acknowledge the fact the lease was only extended at a point to alloe a business to hawk money against.

The council received £2.8 million for its share and then another £1 million for a lease extension

You can’t seriously claim the surrendering of a loan they’d purchased “to make a small profit for the taxpayer” which they’d purchased with taxpayer money is then used to justify the sale to a company with a catastrophic credit rating

Oh hold on you just have

Sorry having trouble translating is that “yes shmmeee I was wrong about the council spending millions without democratic oversight”?

 

[JAM See]

You don’t know do you?

This is the JR and it’s “smoking gun” all over again.

Fucking hell, we've done chocolate. Are we on to rubbish 80's American soap operas now?

I can't keep up.

 

[shmmeee]

Fucking hell, we've done chocolate. Are we on to rubbish 80's American soap operas now?

I can't keep up.

No rubbish 2010s Coventry soap operas

 

[Grendel]

Sorry having trouble translating is that “yes shmmeee I was wrong about the council spending millions without democratic oversight”?

So there was an open free vote by Lucas then and it was part of their pledge to the electorate?

 

[Brighton Sky Blue]

Lionel looks happy - is that Tim Kalns at the back

Moz Baker reacts like he's just paid tribute to Xerxes in 300

 

[shmmeee]

So there was an open free vote by Lucas then and it was part of their pledge to the electorate?

The question, because you’re desperately trying to run as far as possible from it was “do you think the council can spend £30m with no democratic oversight”

Nick brought up TWW, you brought up the sale of the arena. Both passed a vote of full council so had democratic oversight.

I accept your apology.

 

[Sky Blue Pete]

2:15 of the Reeves interview: “the polticial leadership were very very clear there was to be no bailouts”

Sorry that can’t be true if the times article is true and vice versa.

 

[shmmeee]

Sorry that can’t be true if the times article is true and vice versa.

Why?

 

[Nick]

The question, because you’re desperately trying to run as far as possible from it was “do you think the council can spend £30m with no democratic oversight”

Nick brought up TWW, you brought up the sale of the arena. Both passed a vote of full council so had democratic oversight.

I accept your apology.

Wasn't it only labour that approved Tom white but in another secret meeting?

 

[HuckerbyDublinWhelan]

It's not 2014 anymore. The "But Sisu" argument doesn't work. Everyone knows they're shit. Doesn't change the fact the City Council are fucking the club...again.

It does in this situation - SISU didn’t even render a bid when everyone else was

 

[shmmeee]

Wasn't it only labour that approved Tom white but in another secret meeting?

No. I’ve posted the article but to save you a click “At a public vote on the recommendation to approve the loan…”

 

[shmmeee]

It's not 2014 anymore. The "But Sisu" argument doesn't work. Everyone knows they're shit. Doesn't change the fact the City Council are fucking the club...again.

Can you explain how?

 

[Grendel]

The question, because you’re desperately trying to run as far as possible from it was “do you think the council can spend £30m with no democratic oversight”

Nick brought up TWW, you brought up the sale of the arena. Both passed a vote of full council so had democratic oversight.

I accept your apology.

With respect you change the question every five minutes

You told me I lacked an education as I didn’t understand the council could not be involved in the sale at all

how’s that one holding up?

 

[Sky Blue Pete]

Why?

Richardson was blamed for not allowing it to advance

 

[Hiraeth]

No rubbish 2010s Coventry soap operas

BobBrollyoaks

 

[shmmeee]

With respect you change the question every five minutes

You told me I lacked an education as I didn’t understand the council could not be involved in the sale at all

how’s that one holding up?

How were they involved?

And the question stayed the same throughout, you just didn’t like the answer to it “with respect”.