Wasps going into admin & the impact on CCFC (227 Viewers)

[Sky Blue Harry H]

Also, I thought that just in the interests of being diplomatic CCFC would have commented on todays news

The fact they haven’t probably shows how rocky the relationship was

Sorted for you

 

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[skybluetony176]

Also, I thought that just in the interests of being diplomatic CCFC would have commented on todays news

The fact they haven’t probably shows how rocky the relationship was

I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.

 

[NortonSkyBlue]

They showed no sympathy when our staff were put out of work when they forced us to play in Birmingham.

I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.

Or it could be a double bluff. They might be just not in the market for a stadium or a sale.

 

[HuckerbyDublinWhelan]

Also, I thought that just in the interests of being diplomatic CCFC would have commented on todays news

The fact they haven’t probably shows how rocky the relationship was

Live scenes at SISU offices:

 

[OyJimmy]

SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers

 

[CCFCSteve]

I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.

Fully expecting the usual transparent comment about us continuing with our neverending plans to build a new stadium

If not, you could be right

 

[OyJimmy]

Also if Wasps and CCFC belonged to one holding company then a third party might be prepared to by both ACL and the new Holding Co. As it stands it’s hard to deal with so many people

 

[Terry_dactyl]

I for one am particularly upset about the pain inside Laurence Dellagio’s heart. Poor old Laurence Dellagio. He says he’s not good company to be with because he’s so, so sad.
If anyone deserves a nations sympathy it is him…he’s an absolute ledge.

'I'm grieving': Lawrence Dallaglio breaks silence on Wasps' demise

Wasps legend Lawrence Dallaglio has broken his silence on the RFU suspension of the club from the Gallagher Premiership on Wednesday.

www.rugbypass.com

If anyone has any heartbreaking tales of woe from James Haskell please do not post them on here. I’m afraid it would be too much for me.

 

[Gynnsthetonic]

I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.

I'm trying to convince myself the same, you would of thought stuff going on, when the council did sell to Wasp, Sisu seemed to panic and were making statements left right and centre

 

[Gynnsthetonic]

Also if Wasps and CCFC belonged to one holding company then a third party might be prepared to by both ACL and the new Holding Co. As it stands it’s hard to deal with so many people

Wasp have finished mate, there gone, caput, won't be coming back.

 

[jordan210]

 

[HuckerbyDublinWhelan]

SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers

Also if Wasps and CCFC belonged to one holding company then a third party might be prepared to by both ACL and the new Holding Co. As it stands it’s hard to deal with so many people

How’s it going Mr Richardson

 

[TomRad85]

I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.

This is what they've supposedly been waiting for patiently for years now. You'd have to think something is going on... hopefully in the form of a brand new owner for club and stadium.

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[Nick]

I for one am particularly upset about the pain inside Laurence Dellagio’s heart. Poor old Laurence Dellagio. He says he’s not good company to be with because he’s so, so sad.
If anyone deserves a nations sympathy it is him…he’s an absolute ledge.

'I'm grieving': Lawrence Dallaglio breaks silence on Wasps' demise

Wasps legend Lawrence Dallaglio has broken his silence on the RFU suspension of the club from the Gallagher Premiership on Wednesday.

www.rugbypass.com

If anyone has any heartbreaking tales of woe from James Haskell please do not post them on here. I’m afraid it would be too much for me.

I thought he said the finance was in great condition.

Surely as director he would have known this was happening for years?

 

[Brighton Sky Blue]

I thought he said the finance was in great condition.

Surely as director he would have known this was happening for years?

That’s why they call him Doolallyo

 

[oldfiver]

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?

Not a valuer but I assume you start with the net income if the property fully tenanted and income producing

Then establish how long it will take to reach that target.

Then apply current investment multiples etc

WASPS inflated the value of the stadium to allow for their gates of 20,000+ and applied over say 250 years (among other things). Take that away with no obvious replacement and ...

 

[Otis]

I for one am particularly upset about the pain inside Laurence Dellagio’s heart. Poor old Laurence Dellagio. He says he’s not good company to be with because he’s so, so sad.
If anyone deserves a nations sympathy it is him…he’s an absolute ledge.

'I'm grieving': Lawrence Dallaglio breaks silence on Wasps' demise

Wasps legend Lawrence Dallaglio has broken his silence on the RFU suspension of the club from the Gallagher Premiership on Wednesday.

www.rugbypass.com

If anyone has any heartbreaking tales of woe from James Haskell please do not post them on here. I’m afraid it would be too much for me.

Maybe we could start a book of condolence. Candlelit vigil?

 

[Otis]

Maybe we could start a book of condolence. Candlelit vigil?

 

[MalcSB]

SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers

Absolutely not!

 

[HuckerbyDublinWhelan]

What I still can’t believe is there’s still no anger aimed at the people who got them in this mess - Richardson, Eastwood and Vaughan.

still Saracens, Exeter’s the RFU,the Premiership, cov fans, SISUs fault

 

[Saddlebrains]

I've never enjoyed twitter as much as i have the last couple of weeks

Like shooting fish in a barrel

 

[MusicDating]

I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.

They're like a bloke in the pub saying 'I'm going to punch you now', never happens. It's the 'no announcement, bang and you're on the deck' ones you've got to be wary of!

Having said that I'll be absolutely flabbergasted if SISU even bid.

 

[Nick]

Surely it's not as straight forward as somebody buying anything just yet?

ACL2006 will need to go into admin first and then see what happens whether the lease is reduced back to 50 years and to the council or if the administrator sells it to pay the bondholders back.

 

[Sky Blue Pete]

That would be funny us all wearing black armbands tomorrow evening

 

[SHUNT31]

Surely it's not as straight forward as somebody buying anything just yet?

ACL2006 will need to go into admin first and then see what happens whether the lease is reduced back to 50 years and to the council or if the administrator sells it to pay the bondholders back.

I think if ACL go into admin the council will be forced to revoke the lease. If that happens, would the administrator be able to sell the lease? Not sure.


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[fernandopartridge]

SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers

Illogical

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[Otis]

That would be funny us all wearing black armbands tomorrow evening

Yup. Maybe we could all stitch on a smiling emoji on them too.

 

[Terry_dactyl]

Maybe we could start a book of condolence. Candlelit vigil?

A statute outside the stadium?

 

[duffer]

SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers

Interesting time to join the forum, eh. Edit: Apologies, should have said join the conversation, apparently you've been here for a while. Think you've mis-read the room a bit though.

Anyhow, if you've been following the news, Wasps already are out of the equation.

(Also, perhaps read thread from start if you're a bit confused about CCFC fans opinions regarding Wasps.)

HTH. Bye.

 

[Grendel]

Interesting time to join the forum, eh.

Anyhow, if you've been following the news, Wasps already are out of the equation.

(Also, perhaps read thread from start if you're a bit confused about CCFC fans opinions regarding Wasps.)

HTH. Bye.

he first posted in 2013

 

[Brighton Sky Blue]

They're like a bloke in the pub saying 'I'm going to punch you now', never happens. It's the 'no announcement, bang and you're on the deck' ones you've got to be wary of!

Having said that I'll be absolutely flabbergasted if SISU even bid.

I think Seppala is locked in a drinking contest with Ashley in the Tavern. First one to chunder into a fireplace loses

 

[shmmeee]

So was there a Labour Group meeting last night or not?

 

[skybluetony176]

Or it could be a double bluff. They might be just not in the market for a stadium or a sale.

Or what’s going on behind the scenes is bigger than SISU?

Obviously I have no idea what is going on but my observation based on history is when they have a fantasy to sell you can’t shut them up, when something is actually going on behind the scenes they tend to be quite until there’s actually something tangible to say.

 

[Otis]

So was there a Labour Group meeting last night or not?

First rule of Labour Group meetings is you don't talk about Labour Group meetings.

 

[Saddlebrains]

Why do they try and argue when they dont even know the situation?