Wasps going into admin & the impact on CCFC (5 Viewers)

[HuckerbyDublinWhelan]

Oh well boys , say your prayers because for me NEC owning this stadium is not any good for ccfc and its future

To be fair… the guy who is president of Blackstone is apprently worth 29 billion

 

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[steve cooper]

I'm still of the opinion it will be Ashley.
According to Sky, NEC put in a bid for the arena nearly a month ago. I wouldn't be surprised, assuming it's true, if Ashley knows how much NEC are prepared to pay for it.
And if it isn't true, it would just be an example how easily inaccurate information can spread, even from a national news broadcaster.

 

[Brighton Sky Blue]

So you are saying somebody can buy ACL and then just not worry about the bondholders / HMRC and everybody else owed money?

What benefit does that have over letting it go into admin and making a bid?

Less competition?

 

[Gynnsthetonic]

Could Ashley and NEC not go into this as co owners or some kind of partnership, NEC running the arena side of things whilst Ashley the football side just a thought

 

[Nick]

Maybe they leverage the buyout on ACL and then become a creditor with more ability to control the bidding.

I don't know I'm just trying to work it out.

Yeah it's probably just one for the people who know more but there must be a huge benefit to taking on all of the debt as opposed to letting it go into admin and then making a bid on the good bits?

Reeves and the Council are going to want to keep it out of admin as well aren't they?

 

[Liquid Gold]

Could Ashley and NEC not go into this as co owners or some kind of partnership, NEC running the arena side of things whilst Ashley the football side just a thought

Doubt they'd be competing if that was the case though.

 

[Nick]

Less competition?

Yeah but a hell of a lot more money spent? So they must really really want it?

 

[Greggs]

Oh well boys , say your prayers because for me NEC owning this stadium is not any good for ccfc and its future

You're usually pretty level headed, i've seen a different side to you these last couple of days!

 

[Liquid Gold]

Yeah it's probably just one for the people who know more but there must be a huge benefit to taking on all of the debt as opposed to letting it go into admin and then making a bid on the good bits?

Reeves and the Council are going to want to keep it out of admin as well aren't they?

I don't think the council get properly involved unless it's liquidation.

They will have to approve transfer of the lease but I doubt they'll object to any of the mentioned bids.

 

[Evo1883]

You're usually pretty level headed, i've seen a different side to you these last couple of days!

 

[oldfiver]

More feasible for them to ask Cov Rugby to rent there instead

Should be an interesting conversation- while it lasted!

 

[Brighton Sky Blue]

Yeah but a hell of a lot more money spent?

If you've got very deep pockets as Ashley does that won't necessarily matter.

 

[Skyblue_CP]

Great. NEC ownership and SISU gaslighting us about a new stadium for the next 15 years whilst we teeter between the Championship and L1/2 playing at ST Andrews every other season. Oh goodie.

 

[Brighton Sky Blue]

Should be an interesting conversation- while it lasted!

Just make sure you spank them next season

 

[Saddlebrains]

There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years

 

[wingy]

NEC we’d be in the same boat, I can’t see them kicking us out because why would they? They aren’t going to use a stadium bowl for concerts other than for 3 months a year really - But they may be happy to have wasps in their new form back

Why would Ashley bid for a stadium with no intention of taking the club on unless he wants to just turn the place into one of his massive Sports Direct sweatshops

It would appear SISU have again gambled on taking ACL out of admin and their strategy has backfired again

what a clusterfuck of a situation

It is a curve ball that administration hasn't happened

Under the suggested scenario of him skipping away with funds you'd expect some investigation/litigation from bondholders.

 

[Nick]

If you've got very deep pockets as Ashley does that won't necessarily matter.

Yeah but you don't get rich by paying way over the odds if you don't have to

 

[Greggs]

If you've got very deep pockets as Ashley does that won't necessarily matter.

rich people don't usually stay rich by wasting money, leave that to us working class lot.

 

[Evo1883]

Question

Could Mike ashley take on the debt and spread it over several of his companies ?

 

[Brighton Sky Blue]

There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years

I don't see why he wouldn't want to take on the club as well, it's another chance to make more money. Buy the club for whatever SISU ask for, get it into the top flight then name your price for the combination of a PL club and stadium complex.

 

[Greggs]

There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years

Beginning to look a bit 'Billy Gilmour' mate......

 

[Gynnsthetonic]

There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years

Just cannot see Ashley not wanting the club if he has the stadium, he may well have purchased it on on proviso of getting the ground

 

[Saddlebrains]

Biggest curveball is admin hasn't happened.

No one saw that coming, even the council apparently

 

[Brighton Sky Blue]

rich people don't usually stay rich by wasting money, leave that to us working class lot.

Or he finds a way to manipulate the debt to his own advantage

 

[steve cooper]

I'd just be happy licking what she's spilling

 

[Saddlebrains]

Beginning to look a bit 'Billy Gilmour' mate......

I know yea remember that time i said about the Ricoh return before it happened ? Forgotten easily that one isnt it........

 

[Nick]

I don't see why he wouldn't want to take on the club as well, it's another chance to make more money. Buy the club for whatever SISU ask for, get it into the top flight then name your price for the combination of a PL club and stadium complex.

The only rumoured talks he has had to buy a club is with Wasps isn't it?

 

[Greggs]

I know yea remember that time i said about the Ricoh return before it happened ? Forgotten easily that one isnt it........

Very, very defensive there buddy.......

 

[HuckerbyDublinWhelan]

The only rumoured talks he has had to buy a club is with Wasps isn't it?

Nah it was mentioned he talked to the council with a view of buying us too

 

[Brighton Sky Blue]

The only rumoured talks he has had to buy a club is with Wasps isn't it?

Which of the two clubs would you go for if you were in his position?

 

[rexo87]

Biggest curveball is admin hasn't happened.

No one saw that coming, even the council apparently

I don’t understand how it hasn’t happened. It was due to be yesterday and still no NOI. So legally surely it has to be in admin?


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[HuckerbyDublinWhelan]

Biggest curveball is admin hasn't happened.

No one saw that coming, even the council apparently

To be fair I don’t see how it makes financial sense

you’re better off liquidating the stadium than buying it now

 

[Brighton Sky Blue]

I don’t understand how it hasn’t happened. It was due to be yesterday and still no NOI. So legally surely it has to be in admin?


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Not if a deal is imminent and CCFC have put in enough funds to keep it going

 

[Nick]

Nah it was mentioned he talked to the council with a view of buying us too

So why is he talking to the council about it?

 

[Grendel]

The only rumoured talks he has had to buy a club is with Wasps isn't it?

No he's been given a lot of the information on the stadium and the issue will be if he can make a pre admin offer to suit all parties.