SkyBlueZack
Well-Known Member
So sisu are wrong and unambitious for appearing to want ys to remain in league one. Yet we should all pray wasps take us over and keep us in league one? Couldn't make it up.
Er no it isn't - the valuation is a projected valuation.
If the organisation went it to administration the lease reverts back to its original period.
The bonds are not secured in that sense at all are they?
Don't think I said it was worth nothing did I?
so a race to the bottom, stuck in league one but managed by wasps.....Wasps won't need to invest, they will just keep us ticking over at this level and at cost zero for a period.
They will pick the club up for peanuts in a few years time and we will already be using their facilities so no investment costs.
The downside is that they will just let Sisu take us to the abyss and Sisu pride won't allow them to be big enough to stop that happening first.
So sisu are wrong and unambitious for appearing to want ys to remain in league one. Yet we should all pray wasps take us over and keep us in league one? Couldn't make it up.
Did your mate Nick tell you this?I'm no supporting it I'm just telling you how it will happen.
Sisu won't hand it over so Wasps will just wait.
Wasps won't even have to reduce the club value themselves, Sisu will do that for them.
That's the point. Wasps don't want to give evidence they are interested.
They are being more subtle.
They are squeezing us by pulling out of talks "because CCFC needs to do that first".
Or, with CCFC loosing the academy, "You can use our facilities"
Sisu are self destructing the club and the more pieces it is in the cheaper and easier to pick up it will be.
Moving to the Butts 'next' in temporary stands will further self destruct the finances and it's just a waiting game.
We need Sisu out in the next 2 years before that happens.
I'm no supporting it I'm just telling you how it will happen.
Sisu won't hand it over so Wasps will just wait.
Wasps won't even have to reduce the club value themselves, Sisu will do that for them.
But Mart, they only thing they've got is the stadium...and that's due partly to CCC. The Ricoh was already getting gigs. They've got finance in the same way we had finance in the 90's...it's all debt...they don't actually own that finance.
Coupled with the fact that they moved their club 90 miles...remember the uproar when we were moved approximately a third of that distance?
Out of the frying pan, into the fire...
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We are more in the mire than Wasps by a long way. I am not talking about morals, just facts. The have a better hand than we do
You agreed with SISU when they said it was worthless.
You said it was overvalued when SISU tried what they were doing. You said Wasps got it very cheaply when they secured the debt on it. You would get much more respect if you was constant with your views no matter whichever side you was talking about.
The odds are nobody knows what is going to happen next. That is unless the two hedge funds are working together in some way. Just like I stated previously.I'm no supporting it I'm just telling you how it will happen.
Sisu won't hand it over so Wasps will just wait.
Wasps won't even have to reduce the club value themselves, Sisu will do that for them.
What basics are they? A worthless white elephant that was sold well under value when nearly 50m of debt was secured against it?I never said any of that.
As someone once remarked regarding finances you struggle with the basics - as stupot has also highlighted with his post above.
It's makes complete sense for Wasps to own the club and do a lot of sharing.
However I get the impression unde the current circumstances they want nothing to do with us.
Also that SISU do not seem prepared to walk away.
The problem fur me us what is best for the club may not match what is best for SISU in terms of getting into a position of walking away.
I just hope their final solution if it is another stadium has the capacity fur expansion.
If you aren't supporting it, why are you telling people to help if they can?
Is it now a fact that Wasps are going to take us over?It's going to happen
would make good business sense, sure everyone will applaud them and support the move.Hopefully after the franchise have taken over CCFC they will relocate to Cornwall.
What basics are they? A worthless white elephant that was sold well under value when nearly 50m of debt was secured against it?
Oh sorry that was you.
Has your memory gone? I always said that I wanted CCC to keep it for us until we were not run by a hedge fund. That was unless it could be legally worded and legally watertight that it stayed with CCFC. I have mentioned countless times how pissed off I am that Wasps got it. I have never had a good word for Wasps.Funny, one of the things you used to bang on about was not letting SISU have the Ricoh, as they would borrow against it. Yet, the new Hedge Fund who rolled into town did just that, almost within weeks. And what do you have to say about it? Nothing, you just try and score a few Internet Points against Grendel.
Thanks OSB, pretty much sums up the point I was trying to make.Really do not see how Wasps owning CCFC works.
It would add more risk to the bond security
it would require large amounts of additional cashflow to even hold our own in the Championship
It would actually add little to Wasps that is not already there in terms of income
the costs would be the same just allocated differently
it would split focus in terms of management
neither sports team is profitable in its own right
the cashflow requirements in the quiet months June & July would be bourne by one group
Wasps know little about running a football club
Just some of the obstacles
I do not see why Wasps would want to
Has your memory gone? I always said that I wanted CCC to keep it for us until we were not run by a hedge fund. That was unless it could be legally worded and legally watertight that it stayed with CCFC. I have mentioned countless times how pissed off I am that Wasps got it. I have never had a good word for Wasps.
So I have questioned Grendels memory. You know I am right. But you come to defend him with an equally bad memory. Says it all.
It has as I said that they could. Just like I also said that they could sell our club cheaply and keep the arena. I also said a few other senarios. And we will never know as they didn't get it.No, my memory hasn't gone. I remember a few posts where you stated that SISU would liquidate us if they got hold of the ricoh. That they would load debt against it.
It's going to happen so what's best for the club?
The longer Sisu stay the more we will fall and the less Wasps will pay.
I don't want us to fall any further so I want Sisu out ASAP to prevent that,
IMHO If they are still here in 2 years they will move us to the Butts in temporary stands,capacity 8000.
That's the timeline to get them out.
There is no other option.
Interesting line "WASPS will pay" ?
The whole post was interesting I thought ?
The whole post was interesting I thought ?
Still struggling with your concept that Wasps taking us over will help get our identity back. How does that work then?
The whole post was interesting I thought ?
Still struggling with your concept that Wasps taking us over will help get our identity back. How does that work then?
It just lacked facts.
Happy for you to prove me wrong, but I suspect you cant and its just opinion.
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