HuckerbyDublinWhelan
Well-Known Member
I’d also hazard a guess if an acceptable bid had been made - the bond holders would be more optimistic than they are now
I say 70 mill , it's a guaranteed 170 mill for promotion over 4 seasons
It's as if you have just jumped on the thread to say stuff that make no sense but just about sisu?If it turns into a bidding war SISU won't have any interest.
Notwithstanding that if you survive the first season then come down the next, you get a third set of parachute payments.
You would think some of them would have heard something too.I’d also hazard a guess if an acceptable bid had been made - the bond holders would be more optimistic than they are now
There will be three way negotiations
Buyer - Richardson - Administrator
The buyer will be offering a figure to take ACL off Richardson and he will take the money and run, this is why he reappointed himself director recently.
They will also be offering the administrator a pre-pack to pay % in the £ on the debt and then come out with the arena in the event of ownership of ACL.
But ACL is owned by wasps holdings not Richardson. As such any proceeds from a share sale go to wasps holdings
If ACL sell just the assets of ACL receive the cash from said sale and because of the charges in place those receipts get applied to the secured liabilities.
But ACL is owned by wasps holdings not Richardson. As such any proceeds from a share sale go to wasps holdings
If ACL sell just the assets of ACL receive the cash from said sale and because of the charges in place those receipts get applied to the secured liabilities.
Which is exactly why I don't think their bid will be very high. We'll soon see though.I am puzzled. Unless it's been mentioned somewhere, why are NEC bidding if they don't need the stadium, what with them already having Birmingham and the events and facilities there?
Seems people are saying they won't be interested in the club or the stadium, but at the same time they don't need the events part of the Arena, because they already have Birmingham.
Maybe he's going to start selling Cotton Trader's elasticated trousers to Rugby's fan's.The only rumoured talks he has had to buy a club is with Wasps isn't it?
Not one of your better ones Otis. Did you forget to include the punchline?I am puzzled. Unless it's been mentioned somewhere, why are NEC bidding if they don't need the stadium, what with them already having Birmingham and the events and facilities there?
Seems people are saying they won't be interested in the club or the stadium, but at the same time they don't need the events part of the Arena, because they already have Birmingham.
Careful - thats not what I said
The bondholders agreed to the Trustee document or more likely did not read it
Wolf of wall Street shitIt's a realy backwards process that the bond holders if want to get any sort of control have to get a minimum to agree and it has to go from trustee to broker and back again. Also impossible for them to do anything.
The Trustee terms enable them to act one way and justify it or another way and also justify it...Surely illegal for somebody to choose a trustee to purposely rip people off?
Wolf of wall Street shit
Well, better to own the competition than somebody else does.I am puzzled. Unless it's been mentioned somewhere, why are NEC bidding if they don't need the stadium, what with them already having Birmingham and the events and facilities there?
Seems people are saying they won't be interested in the club or the stadium, but at the same time they don't need the events part of the Arena, because they already have Birmingham.
On the companies House page it has him as persons in control rather than wasps Holdings?
Doesn't it usually have the limited company on there like it does for otium?
They don’t know any more than we do.I’d also hazard a guess if an acceptable bid had been made - the bond holders would be more optimistic than they are now
The Premier league is huge , and would attract much more interms of sponsorship , bring money to the casino , hotel coventry itself ..
It has to be the aim , its a goldmine
Equally is Richardson not a substantial creditor of Holdings?
On the companies House page it has him as persons in control rather than wasps Holdings?
Doesn't it usually have the limited company on there like it does for otium?
Did it used to say wasps Holdings that have control or always Richardson?he is a director yes and at the moment can influence (or PSC) the process until administration. However it is wasps holdings that own the shares in ACL not richardson.
he controls or controlled it because he controlled wasps holdings. But legally speaking ACL is owned by wasps holdings
I don't think its nailed on I would just be surprised if he wasn't interested in usThe EPL jackpot isn’t contingent on owning the stadium though - if CCFC is such a goldmine, where are the other investors?
To be clear, I’d also bet Ashley wants to buy CCFC too. But I think a lot of people are assuming it’s nailed on when it might not be so straightforward. We already know the stadium business is attractive enough on its own for at least one company to line up a bid.
Gilbert replied to a tweet of somebody asking this, he said he WAS still in the mix....John McEvoy is probably not interested at this point then
Yeah of ACL? Surely it should say wasps Holdings if it was through them?it does and states because he owns >75% of the shares
Gilbert just said on the radio the council are being very active in liasing with "bidders". They seem to be very hands on.
Also that sisu could link up with the American guy.
Again, I don't trust reeves not to be involved in fucking us over to benefit others.
Many would be interested in us at the right price. There's always a small obstacle to that, though!I don't think its nailed on I would just be surprised if he wasn't interested in us
The thing we have on our side is the council SURELY don't want to make the same mistake twice
Politically, now Wasps are dead it's sensible for them to stay at arm's length. But of course as the freeholder they'll be talking to potential bidders! Also remember all the demands SISU made about a new stadium - that CCC built a road infrastructure etc for them etc - and potential bidders will want to know what's possible, and what isn't.The thing we have on our side is the council SURELY don't want to make the same mistake twice
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