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If you were the new owners coming in what asset would you rely on? I dont think there is any intention of moving away because they own the stadium.

Am getting a bad feeling about this. Things seem to me to point to a prepack company rescue where unsecured creditors and the employees are thoroughly screwed by the money people. :mad: we have all seen a company structure used before but there seems to be some sort of pattern here too, some of...

It reads to me that his personal opinion is that all football clubs should be linked via their golden share to their stadium and training ground permanently. I dont think it is a comment specific to our owners. In reality I am not sure how it could ever be achieved in this country

Makes me wonder what is going on. If wasps holdings which is wasps rfc is bought then they are the owners of acl I assume........ Perhaps just being a little sceptical but is this being staged ie a pre pack situation? Not an insolvency expert so a bit beyond my skill set

Yes it should do but it will take time and possibly court time.

It's not quite that simple though. If the administration button is pressed on Monday the assets vest in the hands of the administrators. It will be their decision as to when and if the doors are open or indeed shut not CCC. If it is liquidation then the lease doesn't cease immediately, it...

Having listened to MR I am prepared to cut the team some slack, sounds like we were fortunate to field the team we did. Doesnt seem he had much choice but to pick the team he did and the formation Some good moments but defence too open. Goalkeeper shakey and his kicking awful. Some periods...

Needs to be given a rest. His kicking is awful. Culpable in 3 of the last goals conceded. Doesnt dominate his 6 yard box. Silly miskicks and silly lapses

Could be that the working capital has been extracted to other wasps group members, or that suppliers will only supply if paid upfront because of the situation, or supply costs are at a premium or a mix of all that. Or even the potential administrator has had to be paid. I doubt it is...

Having dealt recently with some administrators for clients I do know that for them to conduct the administration they require a large payment upfront to do anything. Is that what the notice to bondholders is really about not marketing? It won't be a small sum either. The one I dealt with...

The bond was lent to wasps finance plc who then lent it to various group members. The summaries above I do not think take into account the acl group situation. Inter company trading and balances would be netted off eg if acl owe acl 2006 2m the overall acl group situation would show nil...

The NEC hospitality & events is called Amadeus. The CBSA is not just about sports most of acl income nothing to do with sport. Amadeus has per its website involvement in sport. Let's be honest, match days are a chance for acl to sell food or hospitality it doesn't matter that it is sport...

If council don't have to run stadium and its owned by a large events group how exactly is that a problem to CCC. The decision isn't about what's best for ccfc and its supporters, the only decision for the council is what is best for the stadium. Sisu have maintained they won't be there in 8...

Not sure they are. I would think the stadium will end up with someone like NEC Group. But I have nothing saying they are or not A rational decision would say that the involvement of sports teams in events and stadium management is about as good as the involvement of a council - very poor. The...

Following that news yesterday, clearly any buyer has pulled out. I think the statement key bit is "will enter immediate liquidation" thats not the same as administration at all How does this scenario sound. ACL goes in to liquidation this week All contracts leases etc I believe would...

The following has some caveats 1) The figures are for 2020 so a long way out of date, but are the last published accounts available 2) The figures have been very much simplified and do not have any adjustments to show an ACL group set of figures. A group report would contra out any ACL group...

The 2021 financials show that otium employed over 200 matchday staff in 2021 and 2020.

Crass insensitive comments. Didn't wasps cut a lot of staff previously? If so those re employed or new staff probably have under 2 years service and no redundancy pay coming. Just when the economy tanks and inflation hits 10%. Not funny at all, but he still has a job but hey thats ok 😡 In...

Sale at anytime whether during administration or not leaves CCC in the same situation- as freeholder Was more thinking of the value of assets available for any new stadium owner. Let's be honest it's not going to be about taking wasps on its only about getting hands on the stadium. Original...

Just a thought but could this meeting now on Monday be about making a decision about calling in the clause about ACL 2006 long lease forfeiture? Clearly there would be legal process and costs involved and it could expose CCC to legal challenges or even scupper any stadium rescue plan which...