The Philosopher
Well-Known Member
Lease assignment in event of insolvency event clause. I guess they have to be onside to assign.
Ashley won’t be buying the company ACL, just the lease.
Lease assignment in event of insolvency event clause. I guess they have to be onside to assign.Just to make the point again though, the Council don't own ACL. I'm not sure how they could directly influence this process.
I think it's much more likely that SISU were simply outbid rather than stitched up. All of the evidence points to them struggling financially.
Is it possible that SISU have been playing hard-ball over a potential sale with the wrong person, if it's Ashley, and he's beat them to the punch on the stadium with a mind to hoover up the club at a later date?
I hope so!
He’d be crazy to do the stadium deal first without a plan for the club. Either he has an agreement with SISU or he really hasn’t had any contact with them yet which means a years long standoff between MA and SISU.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.
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
When long term lease expires it’ll be difficult to evict CCFC under normal terms.That’s something I guess but we plod along for another 8 years until lease is up then arguments start afresh
What’s their route out though? As others have said they won’t crystallise a loss so they will bleed us slowly with interest on loans.Yeah but I think we have to remember that on the pitch anyway we are still pretty good. We’ve made huge strides in the last few years. I can’t see Sisu being here in 8 years time
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See it’s the other way round, the club is pointless without the stadium, he’s better off doing the stadium deal first.He’d be crazy to do the stadium deal first without a plan for the club. Either he has an agreement with SISU or he really hasn’t had any contact with them yet which means a years long standoff between MA and SISU.
I can't imagine Sisu being able to play hardball with Ashley. He's too rich and stubborn to put up with their games. They try to push their luck, Ashley will just tell them to trot on and we'll be footballing nomads again.
Well that’s true enough but it doesn’t make getting the stadium before the club a good idea, just a less bad idea than getting the club first.See it’s the other way round, the club is pointless without the stadium, he’s better off doing the stadium deal first.
worst case scenario he’s left with an asset he can make money on. If he did it the other way round -and Didn’t get the stadium, he’d be left in a SISU situation
But Ashley has had links to Wasps.
Wasps apparently need to play in their ‘home’ for two years when reforming.
The fact that FRP have rushed this through without letting SISU have a sniff (if they were even interested) means it could be plausible.
I just want us to own a stake in the ground and not have them around. Not too much to ask.
I think the only place I'd differ with that is that I'm not sure that the FA/EFL would be prepared to let us move again, given we've got eight years to sort it out. That will put SISU in a tight spot - build a new stadium, or sell to whoever owns the arena, or lose vast amounts on a new and more expensive rent deal in eight years time - or potentially liquidate the club and get nothing.
At some point, faced with this, SISU sell. It's the only way they recoup anything on their investment, imho.
They will surely hang around for years though getting what they can out of the club before they sell at a discount? Which means pain for fans.I think the only place I'd differ with that is that I'm not sure that the FA/EFL would be prepared to let us move again, given we've got eight years to sort it out. That will put SISU in a tight spot - build a new stadium, or sell to whoever owns the arena, or lose vast amounts on a new and more expensive rent deal in eight years time - or potentially liquidate the club and get nothing.
At some point, faced with this, SISU sell. It's the only way they recoup anything on their investment, imho.
Well that’s true enough but it doesn’t make getting the stadium before the club a good idea, just a less bad idea than getting the club first.
Why though ? What are they making from us ?They will surely hang around for years though getting what they can out of the club before they sell at a discount? Which means pain for fans.
Is it possible he’s going to use preferred bidder status as leverage to do a deal with SISU? Maybe that’s why there has been no contact, he wanted to strengthen his hand first?There’s nothing stopping Ashley form walking away as preferred bidder, so I’d not discount admin just yet
Interest from loans?Why though ? What are they making from us ?
Interest from loans?
Interest from loans?
Is it possible he’s going to use preferred bidder status as leverage to do a deal with SISU? Maybe that’s why there has been no contact, he wanted to strengthen his hand first?
There’s nothing stopping Ashley form walking away as preferred bidder, so I’d not discount admin just yet
*have to* and *can*/*will* are two separate things. I'm sure the RFU will change the rules and allow them to play wherever they like if it means they still exist as an entity. Hopefully that will be at least 100 miles away.
If Ashley offered say £20m for the club she'd have to go back to her investors, they couldn't turn it down surelyThere is a clear choice facing SISU here
Either continue to keep subbing the club money to cover its losses and occasionally extract some when there’s a bigger sale, doing this until Seppalla dies and a loss is eventually realised. Or, take an offer now to get a fair bit more cash all at once and be rid of the hassle for the next however many years.
Will wasps be renting too then ? Or they deffo finished in Coventry?
Lease assignment in event of insolvency event clause. I guess they have to be onside to assign.
Ashley won’t be buying the company ACL, just the lease.
There’s nothing stopping Ashley form walking away as preferred bidder, so I’d not discount admin just yet
Hence I can see Wasps being back. If the rest of the arena business makes some money then why not have a little bit from Wasps.See it’s the other way round, the club is pointless without the stadium, he’s better off doing the stadium deal first.
worst case scenario he’s left with an asset he can make money on. If he did it the other way round -and Didn’t get the stadium, he’d be left in a SISU situation
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