Grendel
Well-Known Member
He’s another Haskell - loves the publicity and the “look at me”
Wasps going into admin & the impact on CCFC (236 Viewers)
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He’s another Haskell - loves the publicity and the “look at me”
shmmeee
Well-Known Member
Trish Adudu on BBC CWR - CBS Arena bidder says he's being "shut out" of process - BBC Sounds
One of the interested bidders for the CBS Arena says he's being shut out of the process.
www.bbc.co.uk
The whole idea of the exclusivity period just feels wrong though to me, that’s what I’m saying. Surely there should be some sort of hearing where the highest bidder gets it. That means creditors have more chance of getting more of their money back. Sounds very basic and I have next to no knowledge of the system. Just doesn’t feel right
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shmmeee
Well-Known Member
Well we know there’s at least one more “credible” interest, and of course Byng (lol). But they all seemed to not actually bid until they legally couldn’t have their bids entertained, which is weird.
tisza
Well-Known Member
Process is transparent in that it is following standard procedures. I'm surprised he claims to know the details of Ashley's bid as I thought negotiations would be covered by an NDA during the exclusivity period.
shmmeee
Well-Known Member
Yeah there was, that’s how Ashley became preferred bidder.
shmmeee
Well-Known Member
He says he’s going off press reports TBF
Gynnsthetonic
Well-Known Member
Think he knew what he was doing, he just wants to get noticed, never a credible buyer, Dale Evans all over again
HuckerbyDublinWhelan
Well-Known Member
Fuck it I’m gonna put it out here lads - I’ve made a 23m bid yesterday.
had a deal to buy the club but the council have locked me out. Just becuase I didn’t bid pre-pack
clearly the council’s fault and no mine
had a deal to buy the club but the council have locked me out. Just becuase I didn’t bid pre-pack
clearly the council’s fault and no mine
Nick
Administrator
Reeves did say he hadn't signed one...
tisza
Well-Known Member
Getting the creditors the most money may well not be the best option for the business going forward. Sometimes need to avoid asset stripping from potential new owners.
Exclusivity period is to get the deal done quickly. Weeds out time wasters.
tisza
Well-Known Member
Reeves isn't negotiating with Ashley is he?
Nick
Administrator
How does he know the regeneration promises Ashley is making?
Again is very naive to think he has no idea about it.
shepardo01
Well-Known Member
He absolutely has...How does he know the regeneration promises Ashley is making?
Again is very naive to think he has no idea about it.
The Council as the freeholders were, dealing with the NEC bid, and are dealing with Ashley.
They, as freeholders have to authorise any transfer of the lease from ACL.. .
Grendel
Well-Known Member
They do but there is a lot of noise about exclusivity. Frankly if Sisu had serious investors they were in pole position months ago to prepare for that and a move the minute the first notice was triggered
Telfer85
Well-Known Member
Unfortunately I just think they’ve been outmanoeuvred at the end of the day. Ashley getting that exclusivity deal has given him the head start on everyone else. I think the other bidders have just been very naive in thinking it would go into a normal admin process.
I do think Dawkins has genuine interest and backing in my opinion but I don’t think we’ll get chance to find out.
If it’s true he’s been working on a deal with Sisu as well (unless I misunderstood that) maybe it does show they are open to selling. Unfortunately I’m still not convinced in any way shape or form that Ashley is interested.
I do think Dawkins has genuine interest and backing in my opinion but I don’t think we’ll get chance to find out.
If it’s true he’s been working on a deal with Sisu as well (unless I misunderstood that) maybe it does show they are open to selling. Unfortunately I’m still not convinced in any way shape or form that Ashley is interested.
Skyblueweeman
Well-Known Member
You Scottish?
Hiraeth
Well-Known Member
We'll probably only find out if Ashley's bid collapses
tisza
Well-Known Member
who are his backers exactly?
ccfctommy
Well-Known Member
The american
shmmeee
Well-Known Member
You wouldn’t have heard of him, goes to a different school.
This Yank who owns bits of various yank sports teams apparently.
Liquid Gold
Well-Known Member
Tom Grennan and the spotty one from The Enemy.
shmmeee
Well-Known Member
I don’t think so no.
That’s what we need to know: who put a bid forwards before Ashley got exclusivity.
Nick
Administrator
If there were multiple, how does it work with exclusively? Can somebody offer less but with exclusive payments than somebody offering more but with out them?
That would have been a good question.
olderskyblue
Well-Known Member
Didn't he mention they had had up to 10 bids? (or interested parties?)
shmmeee
Well-Known Member
As far as I can see the process is anyone could have bid at any point prior to Nov 1st, only Ashley and NEC did, then at that point a preferred bidder is named based on those bids and with it an exclusivity period to allow due dil.
If anyone’s got things that contradict that narrative I’m all ears but that’s my understanding and working assumption. So far the word from SaddleBrains’ source is “Sisu we’re waiting and got gazumped” and from Dawkins it’s “we bid after Nov 1st.
There’s a scandal here is Sisu or Dawkins we’re in any way stopped from bidding prior to Nov 1st, but neither seem to be suggesting that. So not sure how it’s anything but tough titties and move faster next time.
shmmeee
Well-Known Member
Reeves mentioned 10 interested parties he spoke to including Hottiger, but they didn’t all go past a convo. Gilbert/CET reported 4 “credible parties” but only two bids.
Grendel
Well-Known Member
Exclusivity is perfectly rational
It means they cover costs and so mean it’s a serious purchase. In theory they can offer less but again every party would know that
shepardo01
Well-Known Member
Should the "club" (or if it paid, Sisu) be pissed off as at one stage, they were paying sums of money to get games on (and keep ACL going!?).
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