He also failed to mention that Labour cllrs were whipped to vote it through, despite some having reservations.Conveniently ignoring the fact that every Councillor voted for the deal on the understanding that it would not negatively impact either CCFC or CRFC.
Basically they accepted a load of promises from Wasps, "play on Sundays", "build a training ground and create jobs in the city", "always a place for CCFC", and did literally nothing to make the deal legally contingent on those promises.
They also gave zero consideration to the impact on the club of being frozen out of any income from the arena.
Last but not least, they did it all in secret and never offered anything even close to the deal that Wasps got to the club.
That deal was either incompetent or malignant, and has been the primary source of our woes ever since. Cllr Duggins to try to deflect by saying "you voted for it too", is just piss poor.
Further to my earlier response, just checked agenda and papers for the October meeting. The Richardson loan application for £12.5m loan for a hotel is no longer on the relevant dashboard. So - application withdrawn or fell by the wayside.Still there then ? Just not progressed
Spot the sideways shuffle from WH to another entity outside the group ?
And Ashley loses £10m a year…So Ashley purchases the stadium and saves wasps who spend one season in the Championship. Sisu refuse to sell the club, so we end up being tenants, paying rent to wasps. This could only happen to us.
There have been no significant improvements to the stadium but some £20m defects have been highlighted
All that means nothing.Taken from the administrators interview with the Coventry Telegraph:
“I am sure if in the fullness of time, there is a new owner for that business (ACL) because that's going through an AMA (accelerated mergers and acquisitions) process as well, which we're running, that they would want to have Wasps as a tenant. Because obviously it's important to have the tenant for the income and I am sure that is where they would look to play”.
"The real thrust now, must be to find a preferred party. We've been talking to somebody today, and are reasonably hopeful, confident, I would say that tomorrow we will be pushing them forward and pushing them in front of the RFU to get that process going”
I wonder who this is….guess we’ll find out soon enough!
It’s a story that been bandied around for a while, but I have never seen any definitive evidence that supports it. Someone else may have a source but I haven’t seen it quoted.Where has this figure come from?
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Yeah I'm hoping the person the admin is talking about is that Armstrong as he's been ruled out for good todayAll that means nothing.
Armstrong and Terminum Capital are no longer interested apparently, A few days ago they were seen as favourites.
Wasps takeover bid collapses after financial 'hammer blow'
Former chief executive David Armstrong had been regarded as one of the favourites to take over the stricken clubwww.telegraph.co.uk
Today was the day the administrators were hoping to push someone in front of the RFU.Yeah I'm hoping the person the admin is talking about is that Armstrong as he's been ruled out for good today
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Words that may come back to haunt you
I think maybe G was talking about back in 2014.Words that may come back to haunt you
All that means nothing.
Armstrong and Terminum Capital are no longer interested apparently, A few days ago they were seen as favourites.
Wasps takeover bid collapses after financial 'hammer blow'
Former chief executive David Armstrong had been regarded as one of the favourites to take over the stricken clubwww.telegraph.co.uk
The £20/£25m figure for repairs sounds a bit like tactics to me.Where has this figure come from?
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Day 3 not as much fun. It's the uncertainty.
They showed no sympathy when our staff were put out of work when they forced us to play in Birmingham.
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Someone needs to tip Joy up and see if she has any money to follow through with the stadium plans. She has had long enough. Whoever buys the stadium/club won’t be doing it for the love of city anyway.Its uncertainty isn’t it as we have no control of our destiny
Hypothetical question
Say we get shafted and stay as tenants with sisu in control
Could you carry on? Because tbh i would find it very very difficult dragging myself up there knowing we were going to be constantly skint, never a cat in hells chance of making the prem and knowing we will never ever get rid of them bastards who control us
Hypothetical question
Say we get shafted and stay as tenants with sisu in control
Could you carry on? Because tbh i would find it very very difficult dragging myself up there knowing we were going to be constantly skint, never a cat in hells chance of making the prem and knowing we will never ever get rid of them bastards who control us
NEC Coventry? Good for none linked to the businesses already sponsoring us?He wanted Derby plus their stadium in a lower division. Surely he’ll at least have considered the option here.
If you went to Northampton or Brum, maybe you need to slap yourself and ask why you were doing that? If not, you’ll still be a city fan anyway.Hypothetical question
Say we get shafted and stay as tenants with sisu in control
Could you carry on? Because tbh i would find it very very difficult dragging myself up there knowing we were going to be constantly skint, never a cat in hells chance of making the prem and knowing we will never ever get rid of them bastards who control us
Sisu is Ms Seppalla she won’t go on forever there’s a timescale for the club to be moved to a new ownership model. When? Who knows. For me so long as we are in Coventry there’s no question to my supportHypothetical question
Say we get shafted and stay as tenants with sisu in control
Could you carry on? Because tbh i would find it very very difficult dragging myself up there knowing we were going to be constantly skint, never a cat in hells chance of making the prem and knowing we will never ever get rid of them bastards who control us
Given the history and what we know or think we know what are you thinking the owners may do?If SISU do absolutely nothing it will make no sense whatsoever, this is what they've been waiting for. Also refuse to believe any sane thinking owner would want the insects back in the CBS. Believe lads, whatever happens it will be better.
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Can we just fast forward to the bit where we know now please...Day 3 not as much fun. It's the uncertainty.
If you went to Northampton or Brum, maybe you need to slap yourself and ask why you were doing that? If not, you’ll still be a city fan anyway.
Given the history and what we know or think we know…… we’ll never know what the owners may do. SISU have found new and ingenious ways to confuse and distress us for the last 14 yearsGiven the history and what we know or think we know what are you thinking the owners may do?
Further to my earlier response, just checked agenda and papers for the October meeting. The Richardson loan application for £12.5m loan for a hotel is no longer on the relevant dashboard. So - application withdrawn or fell by the wayside.
If only Sisu knew you can build things with no money.Thats only the financing application
Hopefully flog us. We're at our peak value with the stadium also in play, in the Championship and with a few players worth a bit. We'll never be worth more under them. If they don't sell now I can't really see what their game is.Given the history and what we know or think we know what are you thinking the owners may do?
Needs a buyer thoughHopefully flog us. We're at our peak value with the stadium also in play, in the Championship and with a few players worth a bit. We'll never be worth more under them. If they don't sell now I can't really see what their game is.
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