Wasps going into admin & the impact on CCFC (145 Viewers)

[shmmeee]

Not sure about that. Having to find a new sponsor for a ground that's just gone bust and lost some of the sporting business.

Especially how long it took to find CBS and the distinct whiff of desperation about the deal. Didn't Ricoh get several years free cos they couldn't find anyone?

 

---

[SkyblueDad]

Especially how long it took to find CBS and the distinct whiff of desperation about the deal. Didn't Ricoh get several years free cos they couldn't find anyone?

Yes because nobody would touch sisu with a barge pole and Wasps found out to their cost without a football club at the ground nobody would touch them either.

 

[Brighton Sky Blue]

Especially how long it took to find CBS and the distinct whiff of desperation about the deal. Didn't Ricoh get several years free cos they couldn't find anyone?

They might well be willing to agree a new deal, but would be on less generous terms than before with Wasps gone. Whoever ends up as the new owner has got a lot of work on their hands, perhaps even more than we think

 

[Philosoraptor]

Not sure about that. Having to find a new sponsor for a ground that's just gone bust and lost some of the sporting business.

The lease is interesting, what do you make of this from the prospectus?

Section 12

4. Covenants

(q) Additional Issuer Covenants: So long as any Bond or Coupon remains outstanding, the Issuer
shall not (save as permitted by, or provided for in, the Transaction Documents or with the prior
written consent of the Trustee)

(iii) Merger: consolidate or merge with any other Person or convey or transfer its properties
or assets substantially or as an entirety to any other Person;

 

[Brighton Sky Blue]

The lease is interesting, what do you make of this from the prospectus?


4. Covenants

(q) Additional Issuer Covenants: So long as any Bond or Coupon remains outstanding, the Issuer
shall not (save as permitted by, or provided for in, the Transaction Documents or with the prior
written consent of the Trustee)

(iii) Merger: consolidate or merge with any other Person or convey or transfer its properties
or assets substantially or as an entirety to any other Person;

Not for the first time, you've confused me.

 

[joemercersaces]

can't see anything being here in 250 years mate

Can you imagine people in 250 years time finding this forum and thinking what were all those sad grumpy tossers arguing endlessly about!

 

[jordan210]

So if we all chip in a tenner. We could have the Skyblue Talk Community stadium.

 

[Philosoraptor]

Not for the first time, you've confused me.

Apologies, section 12.4.(q).(iii)

Surely, any sale of ACL would need to be agreed by the bondholders before it goes through, and not WHL creditors if I am reading this right.

ACL is not in administration, so this agreement still stands.

 

[Brylowes]

can't see anything being here in 250 years mate

True Maybe just the Tory party with their 978th consecutive Prime Minister protecting a majority of 2

 

[Gynnsthetonic]

Surely, any sale of ACL would need to be agreed by the bondholders before it goes through, and not WHL creditors if I am reading this right.

ACL is not in administration, so this agreement still stands.

It might be liquidated yet

 

[Greggs]

True Maybe just the Tory party with their 978th consecutive Prime Minister protecting a majority of 2

Robot version of Boris back off his 986th holiday?

imagine how many robot kids the c**t would have by then........

 

[Mcbean]

Will be tomorrow?

 

[jordan210]

Someone on the wasps site.

“ My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.”

Wonder if they will be moving everything before the 1-2pm deadline.

 

[usskyblue]

So if we all chip in a tenner. We could have the Skyblue Talk Community stadium.

Yeah m8. We’ll have the Nick’s ‘Studs Showing’ Stand, Grendel’s ‘15 Pints’ bar and Greggs’ (Don’t miss the bOWL) bogs

 

[jordan210]

Yeah m8. We’ll have the Nick’s ‘Studs Showing’ Stand, Grendel’s ‘15 Pints’ bar and Greggs’ (Don’t miss the bOWL) bogs

Greggs could do a half time owl show.

 

[Brighton Sky Blue]

Yeah m8. We’ll have the Nick’s ‘Studs Showing’ Stand, Grendel’s ‘15 Pints’ bar and Greggs’ (Don’t miss the bOWL) bogs

I wonder if chinos will be back in fashion by then.

 

[Flying Fokker]

Ref Charges against ACL Business. How much is the charge held by Compass?

ACL ASTUTE 2006 LIMITED charges - Find and update company information - GOV.UK

ACL ASTUTE 2006 LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[Thetruthwillout]

Villa Scum

Yea, I have really shown that here, haven't I

 

[Philosoraptor]

I wonder if they have enough beer for the amount of time this sale may take.

#BeerWatch

or in Otis's case

#PimmsWatch

 

[Calista]

So if we all chip in a tenner. We could have the Skyblue Talk Community stadium.

The Dufferdome

 

[pusbccfc]

Someone on the wasps site.

“ My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.”

Wonder if they will be moving everything before the 1-2pm deadline.

That could mean Wasps staff?

 

[Torquay Sky Blue]

So if we all chip in a tenner. We could have the Skyblue Talk Community stadium.

The Leamington supporters club would take up all the corporate

 

[Nick]

If there's truth in us having reached some form of financial level footing pre-covid
And if the bond could have been refinanced at significantly less than 6%
And if we hadn't been to court dozens of times
And if we had been able to organise stadium naming rights on time
And if covid hadn't shut the entire complex for 2 years


Then maybe it could have worked

Everybody elses fault.

 

[jordan210]

That could mean Wasps staff?

True. But don’t they only have a skeleton staff now. Guess tomorrow we might know more.

 

[Nick]

Someone on the wasps site.

“ My wife works in the office space at the CBS Arena.
They are moving everything out tomorrow.”

Wonder if they will be moving everything before the 1-2pm deadline.

To Jordan210 on SBT they are moving out because despite asking constantly they don't know if they will still have a lease on Monday.

Could well just be a company that rents office space.

 

[chiefdave]

Especially how long it took to find CBS and the distinct whiff of desperation about the deal. Didn't Ricoh get several years free cos they couldn't find anyone?

Ricoh got it essentially for free because Wasps couldn't afford to take the signs down. Yet another thing that was denied at the time of course.

I suspect that as with the Ericsson and Vodafone deals the CBS have actually paid very little.

 

[jordan210]

Could well just be a company that rents office space.

Thanks for the update Bigad82 on wasps site.


Sounds like a sensible company taking precautions


I still can’t believe someone took out a 10 year office lease last week.

 

[MalcSB]

Especially how long it took to find CBS and the distinct whiff of desperation about the deal. Didn't Ricoh get several years free cos they couldn't find anyone?

CBS announced after we returned- the football club was, and remains, the bigger attraction.

 

[Bad Boy]

So what is, in people's opinions, the best case scenario for CCFC?

 

[Alan Dugdales Moustache]

So what is, in people's opinions, the best case scenario for CCFC?

Get promoted
Win the premier League
Get into the champions League and win that .

 

[Nick]

Thanks for the update Bigad82 on wasps site.


Sounds like a sensible company taking precautions


I still can’t believe someone took out a 10 year office lease last week.

Bigad82 says he will meet you in the Tudor Rose for a beer, wear a red flower.

 

[Otis]

I wonder if they have enough beer for the amount of time this sale may take.

#BeerWatch

or in Otis's case

#PimmsWatch

Will they have enough beer for Saturday? My cousin Gary is going, so probably not .

 

[Nick]

CBS announced after we returned- the football club was, and remains, the bigger attraction.

CCFC being there was insisted on apparently.

 

[MalcSB]

CCFC being there was insisted on apparently.

Shugs never did accept that.

 

[Nick]

Shugs never did accept that.

To be fair, only a handful of their fans accepted they were in the shit.

It's gone from "City fans making up rumours" to "we know, you don't need to keep telling us".