Can someone clever tell me if our sublease is protected now it’s going into admin or can Ashley rip it up and demand higher rent
Sent from my iPad using Tapatalk
Have you heard something or is this speculation?
Sub lease is protected in everything I've read about this so far. The only way it goes would be liquidation, which isn't happening now, it appears.
It'll be hard for anyone to distress the club whilst the sub lease remains in effect.
If it is Ashley, and there really isn't already a deal involving SISU, then I'd expect they'll either have genuinely build a new stadium or sell up in the next eight years.
I'm a little uneasy with what we're hearing.
I'm just hoping that MA is getting the stadium deal done first before trying to get us from Sisu. If he doesn't, I guess the situation is just the same as before - we play in a stadium we don't own and Sisu continue to not invest, MR works wonders etc. There won't be Wasps signs though so that's a positive. And they'll be gone. That's a turbo-positive.
Fingers crossed my pessimism is wrong.
Yep exactly. Worst case scenario is that we do what we are doing now without a fucked up pitch and wasps signs everywhere
Sent from my iPad using Tapatalk
No coincidence admin appeared whilst we were playing last night and everyone's eye was off the ball
Rushed through last night to make sure it doesnt go to open admin and SISU cant get their mitts on it
I don't thin sisu's investors, lawyers or even sisu themselves would have been aware we were even playing last night.No coincidence admin appeared whilst we were playing last night and everyone's eye was off the ball
Rushed through last night to make sure it doesnt go to open admin and SISU cant get their mitts on it
Yep exactly. Worst case scenario is that we do what we are doing now without a fucked up pitch and wasps signs everywhere
Sent from my iPad using Tapatalk
Yep, even if he has no intention of buying us right now (which I don't believe at all - he isn't a property management guy, he's a football man like you said) do you think he will just sit their having a football club in his place without wanting in?The only difference is Ashley is a football man - or more accurately has an interest and history in football ownership - unlike Wasps who had no ties and no interest in CCFC from the outset. I'm hoping he'll eventually take us on, so at the very least he can hear his name ring out around the Arena when he prises CCFC from the dead, cold fingers of SISU.
Will wasps be renting too then ? Or they deffo finished in Coventry?
There was nothing to stop SISU putting in a pre-pack admin offer same as MA - which leaves me of the opinion that either they’re simply incompetent, or that there’s more going on than meets the eye.No coincidence admin appeared whilst we were playing last night and everyone's eye was off the ball
Rushed through last night to make sure it doesnt go to open admin and SISU cant get their mitts on it
Ashley has been looking to bid for ages - just another lame excuse by Seppala - oh we tried, it’s not our fault.
Ashley has been looking to bid for ages - just another lame excuse by Seppala - oh we tried, it’s not our fault.
They could enter into negotiations to rent the place.Will wasps be renting too then ? Or they deffo finished in Coventry?
No coincidence admin appeared whilst we were playing last night and everyone's eye was off the ball
Rushed through last night to make sure it doesnt go to open admin and SISU cant get their mitts on it
That’s something I guess but we plod along for another 8 years until lease is up then arguments start afreshYep exactly. Worst case scenario is that we do what we are doing now without a fucked up pitch and wasps signs everywhere
Sent from my iPad using Tapatalk
So Magic Mike couldn't raise our rent? Or bring other tenants in?
But they were not bidding in open admin were they and there was allegedly another party doing the same as Ashley who dropped out ultimately.No coincidence admin appeared whilst we were playing last night and everyone's eye was off the ball
Rushed through last night to make sure it doesnt go to open admin and SISU cant get their mitts on it
Or they sell say 80% of it to bring some returns and then hold on to the 20% to sell at a pre-agreed figure on promotion to the PLSISU situation was always that they can’t afford to crystallise their debt / investment.
They will stay unless:
SISU overall goes under and they have to sell
They can sell for their “investment” figure
They can sell their investment and park it for an acceptable return
——-
So long as CCFC can on paper produce a return on investment (which will need to be higher with interest rates up) to SISU then it isn’t a huge problem.
The onion is what SISU have CCFC have on their sheet as a value.
Telegraph saying an ACL statement has been put out...
ACL issue statement confirming administration status of CBS Arena
CoventryLive brings you the latest news about the situation at the CBS Arena - home of Coventry Citywww.coventrytelegraph.net
They could enter into negotiations to rent the place.
Doubt they would though, their rent wouldn't be worth it for Championship rugby in a city nobody gives a shit about them.
I'm sure he would if he has no interest in the football side. They'll continue to play to a few thousand while they fuck the pitch upI am sure Ashley would let them
If they create some rent income and additional spend then why not? They may return to Top level and get 10000 plus again in a couple of years.Will wasps be renting too then ? Or they deffo finished in Coventry?
No coincidence admin appeared whilst we were playing last night and everyone's eye was off the ball
Rushed through last night to make sure it doesnt go to open admin and SISU cant get their mitts on it
I hope you’re right but as we know multiple parties will act irrationally when it comes to CCFC inevitably making the clubs life more difficult.I still don't believe it. Gilbert's source is at the council, why would they know about any contact between Ashley and sisu?
What is his interest in running a stadium? Never done it before without a football club which he has already tried to get back into ownership of.
It'll come together.
Their new owners will see what a disaster Coventry was to them and try to return them to their fans.I'm sure he would if he has no interest in the football side. They'll continue to play to a few thousand while they fuck the pitch up
It’s about smoke and mirrors on this one.Or they sell say 80% of it to bring some returns and then hold on to the 20% to sell at a pre-agreed figure on promotion to the PL
That’s something I guess but we plod along for another 8 years until lease is up then arguments start afresh
Am I the only one reasonably calm about this? SISU could have done the same as Ashley - they didn’t, they haven’t been preparing us for bad news like they used to.
given Ashley is looking to get back into football, this is the first step. SISU have had enough
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?