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They could be interested I have no idea. Not saying won't happen just have a few initial thoughts If wasps go in to administration they get relegated how could they afford to play at the cbs arena, not like there would big crowds or premiership distribution. If they are planning to do it via...

Yes buy the lease from acl 2006 or the administrators but would require permission from ccc and bondholders (if the bondholders are seen a class creditor not individual)

No not necessarily. If they the shares in acl yes they would. But if they just buy the company assets they pay the administrators who then distribute funds after deduction of their huge fees, firstly to the bondholders, maybe compass (I can't remember if they have a fixed or floating charge)...

No because the bond holders have a fixed not just a floating charge. That is it is fixed to the stadium. But they are higher than some preferential and all ordinary creditors

Only solution for wasps that makes sense to me is to carve out the acl group in some way. Then wasps holdings repay the bond from proceeds. Both wasps and ccfc have leases to play at the stadium so that gives acl some worth. A new owner would then take on the acl assets including 250 year lease...

To be fair the ccc insolvency clause has been raised on here many times since the bond was taken out. Its only been known for over 7 years though 😏. Of course ccc are taking legal advice, I would think that started months ago when wasps defaulted..... or it should have done

Motm for me was Vik closely followed by Palmer. The back 3 also get a lot of credit, couple of dodgy moments but collectively it worked pretty well. Corners are still a bit of a concern there were a couple of headers where Boro should have scored. I didn't think that Sheaf, Allen and Godden...

Shocked - Not! Never was really interested. What is the comment about moving the stadium across to knock this one down?

not if wasps go into administration. The administrator is duty bound to recover all sums legally due to the company (the lease) any schemes of offset cannot be used because it might prejudice the rights of all creditors. I would think there was no security on any pitch payment given so that...

CCFC are going to be a small unsecured creditor, with no influence on the administration if it happens and well down the list to get paid

clock is running to get this sorted By the directors or company: once the directors sign the notice of intention to appoint an administrator, they have 10 days of protection, when no creditor can take any recovery action. This occurs before they are actually in administration, so can be very...

Only if the lease agreement allows you to do that. There is no obligation for a new owner of ACL to do that on an existing lease

I would have thought the cleanest way out is to sell ACL & IEC rather than the group actually going in to administration ACL owns the lease, is the part that generates income and under a specialist stadium owner could perhaps turn profits. Would leave ccfc and wasps with leases to be there so...

https://www.thegazette.co.uk/insolvency/content/104038#:~:text=Their%20duties%20must%20be%20exercised,make%20a%20distribution%20to%20creditors. These are the duties of an administrator. Yes to get best benefit for the creditors but also if best for creditors to save the company Wonder if some...

Acl owe something like 23m of the bond to wasps finance who then owes the bondholders 35m Acl however jointly and severally secure the bond so could be held responsible for all of it

Acl own the lease

Up until May I didn't think it would happen. They should have been able to sort something but it would seem piss poor management means they carried on regardless. The situation must have gone significantly worse since June 2021 Clearly in the end I was wrong. Won't shed not one tear for them...

Hopefully we are not heading to League 2 !! none of it works well in the lower divisions particularly owning & operating the CBS Arena and financing its purchase. At least with the present level of interest the owners control whether interest is paid or accrued. Get third party finance...

But they can already do that by having the club pay the interest on the loans not accrue it. Leave capital in place and they can claim 2.2m every year without risking further capital

It doesnt have to mean they are unhappy, it could be they have reached their limit, or their advisors best advice is not to invest more. These are investors not gamblers, investors usually have a line they don't cross, a lot of gamblers can get carried away thinking the pot of gold is just round...