Frostie
Well-Known Member
Not so much can't afford it, more don't think the valuation is attractive given the supposed investment/remedial works needed.
Anyone else think SISU are hoping ACL go in to admin so they can bid peanuts for the CBS as they can’t afford it otherwise?
Vaughan said it was pre-Covid so maybe a bit early for Commonwealth games? Plus Commonwealth games cash probably went to ACL?
Speaking of which...But they could get around that by going back to Heineken
If the bond repayment didn't exist, then yes.Anyone else think SISU are hoping ACL go in to admin so they can bid peanuts for the CBS as they can’t afford it otherwise?
I’m afraid that petition goes to the heart of what made the move to Cov possible. I mean if you start a petition you get your aunts and uncles and the neighbour’s bloody dog to sign it don’t you? For fans of a famous sports team to only get 2968 online signatures from the population ‘in and around London’ is staggering.Here's one of the petitions from Wasps supporters at that time.
Sign Petition: Keep Wasps RFC in/around London
Wasps RFC (formerly London Wasps) has been based in/around London since its inception in 1867. However, recent rumours have linked (2970 signatures on petition)www.thepetitionsite.com
#AllAboutTheMoney
If something is pushed as a "bargain" in the property world - it probably isn't!
Might not ever be made public, or leaked, but I'd be very interested to know what sort of offers come in. The valuations for the bond always seemed high and rather conveniently always above the amount they needed them to be.If the CBS does need repair work or isn’t up to standard that could open a whole other kettle of fish for investors and the valuation.
Working in professional sport is a cut throat business, they all knew the risks when signing up to work in it, i doubt any of them will become homeless, get some perspective.I’m afraid that petition goes to the heart of what made the move to Cov possible. I mean if you start a petition you get your aunts and uncles and the neighbour’s bloody dog to sign it don’t you? For fans of a famous sports team to only get 2968 online signatures from the population ‘in and around London’ is staggering.
Put that together with Sisu’s catastrophic mishandling of the politics around the Ricoh, and cocky rugby club owners with a sales pitch about massive investment bringing elite sport to Coventry, and it was a recipe for disaster.
The mindset of Wasps fans seems like something from another planet to me, but I can’t take pleasure in them (or the Wasps staff and players) being distraught. We need to know what’s going to happen to us.
I suspect it's probably the same source that leaked the story about the bail out request in the summer.Labour councillor. Suggest internal divisions there.
Might not ever be made public, or leaked, but I'd be very interested to know what sort of offers come in. The valuations for the bond always seemed high and rather conveniently always above the amount they needed them to be.
Question would be, how do you value a lease where the leaseholder has gone broke? Yes the arena may have other smaller areas of income stream, but not enough to sustain it as a going concern without the football clubs being there. You can't add value becuase you have a tenant in CCFC who could end their tenancy at any time. So value would be nominal at best, which is why the council would surely step in and nulify the lease under agreement, and then remarket the lease, or even offer the freehold perhaps?
Does that include any revenue from parking, casino/hotel income on match days and sponsorship by cov building society?The football club accounts for less than 5% of ACL revenues
Was that a full year? Did the financial year coincide with the football year?The football club accounts for less than 5% of ACL revenues
Does that include any revenue from parking, casino/hotel income on match days and sponsorship by cov building society?
Not sure it would be that much more though.
Nice: Thatchroof Ballbaginson - Google SearchNot fully up to date with the politics of it all if I’m honest but am I right in saying ACL can fuck off as well? Wasn’t that Thatchroof Ballbaginson bloke all over the forum a few years back involved? I’m more than likely wrong.
Surely in admin the stadium gets sold for the best offer and the bond holders get x pence in the pound based on the sale?If the bond repayment didn't exist, then yes.
Yes. There's accounts available online.Has ACL even published any accounts for a period since we came back from St Andrews?
Not sure what people are thinking will happen with the stadium bowl. Unless you knock it down and build something else what would you replace our games with? Think it would be hard to find another sporting tenant and there's simply not that many events that require a venue of that size even if they whacked a roof on.
Was hardly a full diary when we were at Northampton. The Principality Stadium has a roof. Their diary shows 4 rugby matches, Harry Styles, Coldplay and a speedway event next September.
this is the thing, surely it's the busier hall any purchaser would be interested inHas ACL even published any accounts for a period since we came back from St Andrews?
Not sure what people are thinking will happen with the stadium bowl. Unless you knock it down and build something else what would you replace our games with? Think it would be hard to find another sporting tenant and there's simply not that many events that require a venue of that size even if they whacked a roof on.
Was hardly a full diary when we were at Northampton. The Principality Stadium has a roof. Their diary shows 4 rugby matches, Harry Styles, Coldplay and a speedway event next September.
doubt one will be offered for sale without the other. some of the facilities are shared between the two so its not as simple as saying you'll sell the stadium bowl to one person and everything else to someone different.this is the thing, surely it's the busier hall any purchaser would be interested in
yeah, what i mean is the hall is the attraction and if they can get a tenant who brings in 500k of people buying food and beer during the bowls quieter winter months then no sensible operator will be upset by thatdoubt one will be offered for sale without the other. some of the facilities are shared between the two so its not as simple as saying you'll sell the stadium bowl to one person and everything else to someone different.
Incredible. Read the Vaughan interview and was thinking throughout the whole thing how disgusted I'd be if that was my CEO saying that nonsense after my club had just gone into admin. Go onto Once a Wasp and they are all lapping it up! They honestly think that they were making all the payments they should have been to HMRC and are also blaming HSBC for not loaning them the 35m! After everything that's came out in the last couple of weeks they really think the club was credit worthy to the tune of 35m. Delusional doesn't even cut it
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I’ll never forget them rocking up;
Looking down their nose at CCFC and it’s supporters
Turfing us out or changing rooms
Demanding the seats change colour
Climbing up and disrespecting the JH statue
Not maintaining the bricks and memorial garden
Being complicit in the St Ands. move
This summers pitch debacle
I hated them when they weren’t in admin and that hasn’t changed now, no faux sympathy from me I couldn’t care less - Good riddance to them
Wasn't there something about James Haskell stood in the doorway of the casino laughing at our supporters protesting about something?I’ll never forget them rocking up;
Looking down their nose at CCFC and it’s supporters
Turfing us out or changing rooms
Demanding the seats change colour
Climbing up and disrespecting the JH statue
Not maintaining the bricks and memorial garden
Being complicit in the St Ands. move
This summers pitch debacle
I hated them when they weren’t in admin and that hasn’t changed now, no faux sympathy from me I couldn’t care less - Good riddance to them
The football club accounts for less than 5% of ACL revenues
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