Wasps going into admin & the impact on CCFC (68 Viewers)

[Nick]

We've already been told they aren't in for the stadium though

I'm always expecting surprises.

 

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[jordan210]

I'm always expecting surprises.

 

[Nick]

I think you are now probably the only person who thinks Wasps are somehow going to end up with the ground.

Probably.

I still find the Richardson silence strange, just walking away with nothing.

I always prepare for these types of surprises.

 

[Brighton Sky Blue]

Problem is ACL isn't in admin yet

It's owned by Wasps Holdings, which is

 

[Liquid Gold]

I think Richardson’s only involvement is getting as much of his money back as he can from whoever wants the club. Feel better today.

 

[jordan210]

They can bugger off. Ask CCC or wasps for a pint

 

[Evo1883]

It's owned by Wasps Holdings, which is

Roger that

 

[shmmeee]

Just catching up. One question @Saddlebrains - I’m assuming an investor means investment in the playing side and not just buying the arena?

Literally all I want out of this is a January window that isn’t just us selling Vik and Cal on deadline day. Bring back the hope of the last few seasons.

 

[robbiethemole]

They can bugger off. Ask CCC or wasps for a pint

fucking joke that, they've not been put out at all

 

[Brighton Sky Blue]

They can bugger off. Ask CCC or wasps for a pint

Think if anybody owes anyone they still owe us a couple of hundred thousand pints for the Hyam sale

 

[Evo1883]

fucking joke that, they've not been put out at all

Little bit , couldn't make plans etc

Not massively though

 

[fernandopartridge]

Just catching up. One question @Saddlebrains - I’m assuming an investor means investment in the playing side and not just buying the arena?

Literally all I want out of this is a January window that isn’t just us selling Vik and Cal on deadline day. Bring back the hope of the last few seasons.

Knowing our luck any investor we'd get will have leveraged the purchase on the basis of selling Vik, O'Hare and Hamer in January.

 

[wingy]

you saw LG's answer, and it is possible the Council kept the money, fuck me they've just funded Tom White Waste for £m++++

the Club sold HR for £5m, with an option to go back if the Ricoh didn't work out, and pay back the money. They bought the land from British gas for £2m for 88 acres of contaminated land and estimated £8m to clean it up. They sold 30 acres to Tesco for £66.5m, so had enough to develop the rest, 30 acres for themselves, with stadium, car parks shops and some left over.
it cost c £15m to decontaminate the land so CCC stepped in and John McGuigan tried to take the project over and subsequently the council took the Tesco deal from CCFC and kept the money. I don't know how that fits with any other narrative.

The land deal got taken over by the Dutch who were short of,£15M we couldn't pay them as I recall,the rest was covered by grants .
I assume they got their £15M out the land. deal.
The consequence of that being higgs taking over the club's input and the council putting £10M into Coventry Regeneration North.

 

[robbiethemole]

Knowing our luck any investor we'd get will have leveraged the purchase on the basis of selling Vik, O'Hare and Hamer in January.

Fuck me, don't even think things like that !!!

 

[Brighton Sky Blue]

Knowing our luck any investor we'd get will have leveraged the purchase on the basis of selling Vik, O'Hare and Hamer in January.

Better hope Big Mike is willing to give them more

 

[CCFCSteve]

Because he has to accept whatever gives the creditors the biggest return. Likewise if Mike Ashley offers more than anyone else for ACL he'll get it, equally in the case of the joint bid

Agreed. Only additional point is timescale and certainty of deal completion. For example, a lower offer might be accepted if the higher offer might take too long and there are risks the party might not complete.…unless they funded trading while the deal was done.

 

[robbiethemole]

The land deal got taken over by the Dutch who were short of,£15M we couldn't pay them as I recall,the rest was covered by grants .
I assume they got their £15M out the land. deal.
The consequence of that being higgs taking over the club's input and the council putting £10M into Coventry Regeneration North.

I think you're right, but the Council always had the balance of the money and even then were determined to screw the Club over.

Anyway wingy, we're both on the same side so lets be glad Wasps look to be going away and the Club looks to be saved for now.

 

[HuckerbyDublinWhelan]

Wasps and the council involved..

This screams Richardson.

You’re really hoping it’s Richardson aren’t you

 

[The Philosopher]

Agreed. Only additional point is timescale and certainty of deal completion. For example, a lower offer might be accepted if the higher offer might take too long and there are risks the party might not complete.…unless they funded trading while the deal was done.

The best offer isn’t necessarily the highest offer, this is where SISU have cards to play.

A high offer but hostile SISU may not be better than a tamed SISU and lower offer.

That 10 year lease might well have been good foresight.

 

[Otis]

Just catching up. One question @Saddlebrains - I’m assuming an investor means investment in the playing side and not just buying the arena?

Literally all I want out of this is a January window that isn’t just us selling Vik and Cal on deadline day. Bring back the hope of the last few seasons.

I have no problem at all in selling O'Hare and Gyokeres, as long that then paves the way for Messi and Mbappe

 

[shmmeee]

.

Sell a 24 year old and sign a 35 year old journeyman? Are you Mike McGinnity?

 

[SeaSeeEffCee]

I’ll get excited about a new owner when an official statement is out and there is proof they’re actually investing in the club. Until then it’s all just talk.

 

[hill83]

 

[shmmeee]

View attachment 26920
View attachment 26921

Stop it you’ll make @Earlsdon_Skyblue1 cry

 

[Otis]

Sell a 24 year old and sign a 35 year old journeyman? Are you Mike McGinnity?

What a journey he's been on though.

 

[Brighton Sky Blue]

Agreed. Only additional point is timescale and certainty of deal completion. For example, a lower offer might be accepted if the higher offer might take too long and there are risks the party might not complete.…unless they funded trading while the deal was done.

In Ashley's case we know he has all the capital to hand.

 

[AndreasB]

fucking joke that, they've not been put out at all

They can ask Waggott for it. See how far that gets them.


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[HuckerbyDublinWhelan]

They can ask Waggott for it. See how far that gets them.


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Probably should - he’s one of the cunts who put us in this position

 

[thekidfromstrettoncamp]

Sell a 24 year old and sign a 35 year old journeyman? Are you Mike McGinnity?

Your cover has been blown Otis .

 

[Johnnythespider]

Newcastle fans have always had a very over inflated opinion of their status.

Careful you'll have Sunderland fans agreeing with you

 

[Tommo1993]

Heard that wasps steward this morning on CWR, who couldn’t help but take a little swipe at football before the end of the conversation.

 

[Liquid Gold]

Heard that wasps steward this morning on CWR, who couldn’t help but take a little swipe at football before the end of the conversation.

Can’t wait till they’re confirmed as being out of the city and we don’t have to hear a thing about them.

 

[Grendel]

Who's accepted a bid from club legends and others....

That’s for the rugby club only to save it and no other assets - the council will not want wasps back here

 

[hill83]

fucking joke that, they've not been put out at all

Of course they have been put out. Coventry is well known for a massive Tuesday night out and most of their lot have now missed that once in a lifetime opportunity due to all of this.

Most would have made a few nights out of it.

 

[HuckerbyDublinWhelan]

That’s for the rugby club only to save it and no other assets - the council will not want wasps back here

What in the city of rugby?