TomRad85
Well-Known Member
I don't even know what's good news and what's not anymore..
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Wasps going into admin & the impact on CCFC (4 Viewers)
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The Philosopher
Well-Known Member
I’m going to repeat earlier thoughts:
Lease sold before admin and then ACL to admin.
MA is sweeting council to assign by pledging to base Frasers in the city (I kinda said that).
Let’s see. Might be wrong. Sometimes that happens.
Lease sold before admin and then ACL to admin.
MA is sweeting council to assign by pledging to base Frasers in the city (I kinda said that).
Let’s see. Might be wrong. Sometimes that happens.
Colin Steins Smile
Well-Known Member
That reads as admin. I'm not surprised, as why would anyone want to buy it with the debt attached?
A stadium with no debt attached = more attractive.....even when it needs a bit of maintenance and aa lot of horrible wasps signs needing removal
A stadium with no debt attached = more attractive.....even when it needs a bit of maintenance and aa lot of horrible wasps signs needing removal
The Philosopher
Well-Known Member
None of you seem to get that the assets can be sold so long as there is a fair process and ACL could go straight to admin straight after.
jordan210
Well-Known Member
The notice was filed by Burges Salmon diffrent company to who did wasps
Nick
Administrator
LEEEEE Burge
NEC out.
But looks like the admin is after securing the deal with Ashley.
Nick
Administrator
Wheres it said about NEC?
Liquid Gold
Well-Known Member
It’s something I mentioned earlier.
I just don’t see why Richardson would go for it. Money in ACL after the sale would go straight to creditors.
skybluetony176
Well-Known Member
Noticed that. Assume it’s the administers legal firm.
Liquid Gold
Well-Known Member
Where have you heard that?
You'd expect and hope so.
Earlsdon_Skyblue1
Well-Known Member
They could at least let the players get off the pitch before they shut the fucking thing down.
skybluetony176
Well-Known Member
You aren’t alone. It’s movement at least.
jordan210
Well-Known Member
Liquid Gold
Well-Known Member
Is there an 22pm deadline for something to happen or can we just basically ignore things until tomorrow?
Telegraph article a few posts up the thread.
Just before the admin notification.
Calista
Well-Known Member
The article says "The exhibitions giant NEC Group reportedly expressed interest in the sale early on, but is now said to have dropped out. "
Liquid Gold
Well-Known Member
Maybe I’m Richardson
Nick
Administrator
All the different wordings
"Expressed interest"
"Lodged a bid"
Did they put in an actual bid or just say they are interested?
The Philosopher
Well-Known Member
It’d be a Bondholders Trust decision to release the charge if the £35m isn’t met. If the price is less than £35m then it’s down to charge holders I guess.
Let’s see.
steve cooper
Well-Known Member
Post 8477 Telegraph report
skybluetony176
Well-Known Member
Think that’s where the administrator is based so ties in.
Nick
Administrator
Calista
Well-Known Member
Dunno
The Philosopher
Well-Known Member
Sounds like Ashley.
He’s played the “assign the lease to me and I’ll base Frasers : Sports Direct here and bring loads of jobs to Cov for your students and that” card.
so that the council will assign.
He’s played the “assign the lease to me and I’ll base Frasers : Sports Direct here and bring loads of jobs to Cov for your students and that” card.
so that the council will assign.
Brighton Sky Blue
Well-Known Member
That's not really a card as much as it is a full hand
Evo1883
Well-Known Member
Article
Brighton Sky Blue
Well-Known Member
It will either be a pre packed administration with Ashley taking the spoils, or proper administration where it turns into a bidding war
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