View attachment 26253
So looks like the inveitable is happening to our landlords. Admin and relegation. cant say i'm sheding many tears but do feel bad for the original fans.
Can someone explain what impact this will have on CCFC? will our 10 year agreement still stand?
Our sub lease will be protected.
Nothing to worry about here.
Lets just start ripping down their signs knowing they can't afford to put them back.
no chance, any administrator will want to keep things running. the bigger concern may be ever getting back the money we paid up front to get the pitch sorted.Could we be locked out of the stadium??
Wasps have applied for/likely to get compo from CWG organisers- or they had/were...!!!no chance, any administrator will want to keep things running. the bigger concern may be ever getting back the money we paid up front to get the pitch sorted.
...so the training ground transferred to a company outside of Wasps... guess that will stay untouched by any admin!?... cheeky feckers...
no chance, any administrator will want to keep things running. the bigger concern may be ever getting back the money we paid up front to get the pitch sorted.
We should get Simon on the blower
They will sell parts for housing...they were having archaeological digs done right from the off...Surprised they havent tried to turn it in to a housing estate yet
Possibly but not sure how they'd do that given the ground is the security for the bonds. Suspect there's many more twists to come in this tale, not time to celebrate yet.Could their debts be wiped so to speak, then Derek picks up the CBS on the cheap from admins, moves the training ground back over and voila, debt free but as you were with no need to pay bonds???... obviously based on a total lack of full understanding!
Shady golden share situation.Their training ground was transferred to another entity and the stadium is under a different one I believe.
Suggs said:Brilliant business decision
Shady golden share situation.
Although the training ground was never owned by wasps.
Buyers will need to put up money to pay creditors (one of which will be the bondholders). It won't be £35m but a good chunk of it will still need to be covered.Could their debts be wiped so to speak, then Derek picks up the CBS on the cheap from admins, moves the training ground back over and voila, debt free but as you were with no need to pay bonds???... obviously based on a total lack of full understanding!
its not all the same company though. which part is going into admin and which part owes the money?Sisu were able to pull the dodgy admin act because they were the only real creditor.
I don't know how Wasps manage it when they owe £35m externally.
Could their debts be wiped so to speak, then Derek picks up the CBS on the cheap from admins, moves the training ground back over and voila, debt free but as you were with no need to pay bonds???... obviously based on a total lack of full understanding!
Original fans can sod off back to London
View attachment 26253
So looks like the inveitable is happening to our landlords. Admin and relegation. cant say i'm sheding many tears but do feel bad for the original fans.
Can someone explain what impact this will have on CCFC? will our 10 year agreement still stand?
Well this was inevitable as we knew this was coming.
Here’s the reality. Wasps are buggered but so are we. We can’t afford this league and now is the chance for someone to potentially own both clubs.
However we know the same owner can reappear from an administration. We have first hand experience of that.
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