Liquid Gold
Well-Known Member
It’s going to be the council giving it to Richardson isn’t it.
It’s going to be the council giving it to Richardson isn’t it.Following that news yesterday, clearly any buyer has pulled out. I think the statement key bit is "will enter immediate liquidation" thats not the same as administration at all
How does this scenario sound.
ACL goes in to liquidation this week
All contracts leases etc I believe would therefore cease.
The stadium reverts to the freeholder CCC immediately because acl no longer exists and both leases broken.
CCC provides a long lease to a third party operator for a "small" premium. Councils don't usually sell freeholds especially high profile ones
Deal done regarding dilapidation cost.
New owner short term uses the current sub lease terms to retain income from tenants whilst negotiating new leases. To give some certainly to ccfc, g casino etc.
Delaware North continue at least in short term to staff the complex paid by the new owner or CCC whilst everything is fully worked out. So stadium can still be operational.
Ccfc continue to play there using current terms whilst new lease or licence put in place.
Rather than lock the doors ccfc games continue.
Stadium gets a new start with current debts and liabilities removed by the liquidation. Which gives it a chance of success without the historic baggage, and the company set up much simpler.
I do believe there is a business there to have and be successful but
- it has to be without the old baggage
- and it has to be run and owned by a commercial entity that knows how to run stadiums and events.
Following that news yesterday, clearly any buyer has pulled out. I think the statement key bit is "will enter immediate liquidation" thats not the same as administration at all
How does this scenario sound.
ACL goes in to liquidation this week
All contracts leases etc I believe would therefore cease.
The stadium reverts to the freeholder CCC immediately because acl no longer exists any both leases broken.
CCC provides a long lease to a third party operator for a "small" premium. Councils don't usually sell freeholds especially high profile ones
Deal done regarding dilapidation cost.
New owner short term uses the current sub lease terms to retain income from tenants whilst negotiating new leases. To give some certainly to ccfc, g casino etc.
Delaware North continue at least in short term to staff the complex paid by the new owner or CCC whilst everything is fully worked out. So stadium can still be operational.
Ccfc continue to play there using current terms whilst new lease or licence put in place.
Rather than lock the doors ccfc games continue.
Stadium gets a new start with current debts and liabilities removed by the liquidation. Which gives it a chance of success without the historic baggage, and the company set up much simpler.
I do believe there is a business there to have and be successful but
- it has to be without the old baggage
- and it has to be run and owned by a commercial entity that knows how to run stadiums and events.
It’s going to be the council giving it to Richardson isn’t it.
Are you serious?When is the Heineken bar going to reopen closed last night in North stand
It’s going to be the council giving it to Richardson isn’t it.
It’s going to be the council giving it to Richardson isn’t it.
That's the sort of thing I can see happening.
All debts gone, handed back for a small fee to crack on as you were.
In that scenario SISU would at least make an attempt, if all debts removed.
He would be losing a small matter of £20 million. I think his popularity rating amongst wasps fans would take something of a hit as well
He would be losing a small matter of £20 million. I think his popularity rating amongst wasps fans would take something of a hit as well
Guess it depends if anybody gets the chance.
Although it's all hypothetical you would think it would be pre-agreed like before.
Doubt it, he would just need to say he did it for Wasps and it would be fine.
I just can't see why he would be just walking away thinking "ahh shit one" and losing Wasps / Ricoh etc.
What’s clear is that anyone interested is waiting for the debt to be wiped before making a move. It would then turn into a bidding war and the Council if their heads are screwed on will not just give it back to the guy who ruined the business in the first place but either to an events company or someone with ambitions to take on CCFC as well.
What’s clear is that anyone interested is waiting for the debt to be wiped before making a move. It would then turn into a bidding war and the Council if their heads are screwed on will not just give it back to the guy who ruined the business in the first place but either to an events company or someone with ambitions to take on CCFC as well.
If what Duggins was saying in the meeting last week is correct, the council could be open to doing a dealing with Seppala.
They cannot afford to screw over the football team again.
The naming rights are tied in with ACL. All of them would be cancelled.
Following that news yesterday, clearly any buyer has pulled out. I think the statement key bit is "will enter immediate liquidation" thats not the same as administration at all
How does this scenario sound.
ACL goes in to liquidation this week
All contracts leases etc I believe would therefore cease.
The stadium reverts to the freeholder CCC immediately because acl no longer exists and both leases broken.
CCC provides a long lease to a third party operator for a "small" premium. Councils don't usually sell freeholds especially high profile ones
Deal done regarding dilapidation cost.
New owner short term uses the current sub lease terms to retain income from tenants whilst negotiating new leases. To give some certainly to ccfc, g casino etc.
Delaware North continue at least in short term to staff the complex paid by the new owner or CCC whilst everything is fully worked out. So stadium can still be operational.
Ccfc continue to play there using current terms whilst new lease or licence put in place.
Rather than lock the doors ccfc games continue. Because stadium owned temporarily by CCC
Stadium gets a new start with current debts and liabilities removed by the liquidation. Which gives it a chance of success without the historic baggage, and the company set up much simpler.
I do believe there is a business there to have and be successful but
- it has to be without the old baggage
- and it has to be run and owned by a commercial entity that knows how to run stadiums and events.
‘It’s kick off time at the COCS’
That would create noise that the council will not want.It’s going to be the council giving it to Richardson isn’t it.
Hearing rumours that the game is in doubt Saturday as the Arena will go into administration today. Staff laid off.
Guess would need to see what the bare minimum of staff required for ACL to put the game on via the Administrator.
Will the doors be locked for the offices / casino and bar etc?
Exactly my thoughts. Not only are there two Championship football matches with crowds of 20,000 people in the next week but also multiple conferences. That's before you add the casino and hotel.
Guess would need to see what the bare minimum of staff required for ACL to put the game on via the Administrator.
Will the doors be locked for the offices / casino and bar etc? It would probably be surprising at the businesses with a bit of office space
Hopefully ParentPay will stop being able to rinse me if they get locked out.
Jon Fair today and National Rubix Cube Championships on Friday.
I shit you not.
Be shit for people who took out a 10 year lease 4 days ago !
That's the sort of thing I can see happening.
All debts gone, handed back for a small fee to crack on as you were.
Did somebody do that?
Ten-year lease signed by exam provider at the Coventry Building Society Arena | TheBusinessDesk.com
Tutors & Exams will take 4,500 sq ft of office space to host examinations, workshops and conferenceswww.thebusinessdesk.com
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