Wasps going into admin & the impact on CCFC (183 Viewers)

[chiefdave]

How can he distress them?

Am I the only person on here who has ever rented? You can have a good co-operative landlord and you can have a complete dick of a landlord who makes your life as difficult as possible.

He could, for example, provide a shit pitch that doesn't suit our style of play, he could deliberately book events that clash with our games so we're constantly moving games to Friday nights or other times when crowds will be lower. Given we don't know the terms of the contract regarding rent increases there's potential that there is scope for an increase. He could be awkward about use of hospitality, hike costs up for match day services. There's plenty of ways your landlord can make life difficult if they choose to.

 

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[Kneeza]

However, this one might be seen as more appropriate...

 

[Sky Blue Pete]

Well now the nonsense of a new ground are exposed as - well nonsense

Whatever misgivings there are about Ashley - plenty i am sure - I would think if this goes through they will have little support in the fan base to cling on much longer

Time to get an exit strategy together

Conversation required for that to happen. Ccc more interested in wasps than us still

 

[shmmeee]

Conversation required for that to happen. Ccc more interested in wasps than us still

Why? Come on Pete stop talking in riddles. What’s stopping Sisu from selling up, or investing in the club, or putting a bid in for the arena?

Sorry mate but it seems again the club blaming everyone else for things they’re in complete control over.

I’d have some sympathy if they ever actually bid for the arena.

 

[Sky Blue Pete]

Why? Come on Pete stop talking in riddles. What’s stopping Sisu from selling up, or investing in the club, or putting a bid in for the arena?

Sorry mate but it seems again the club blaming everyone else for things they’re in complete control over.

I’d have some sympathy if they ever actually bid for the arena.

Will never know the whole story and sorry if you think I’m talking in riddles

 

[wingy]

Will never know the whole story and sorry if you think I’m talking in riddles

The whole story what was their co-sponsor willing to invest Pete?

 

[SkyblueDad]

Because they have no money and a failing business model, they have gone from thirty plus employees in a swanky Mayfair office to a fanny full of employees in a two bit office elsewhere.

 

[ccfc922]

Anyone know how they got on today?

 

[Bugsy]

Conversation required for that to happen. Ccc more interested in wasps than us still

There fucking clueless cunts

 

[Sky Blue Pete]

The whole story what was their co-sponsor willing to invest Pete?

Not party to any of that just that Ashley is a xxnt and if ccfc get squeezed it will affect us. Shmmee is absolutely right though either invest bid for arena or sell

 

[Grendel]

Conversation required for that to happen. Ccc more interested in wasps than us still

Who says CCC are interested in wasps any more?

 

[oldfiver]

Who says CCC are interested in wasps any more?

Any more??????????

 

[Sky Blue Pete]

Who says CCC are interested in wasps any more?

I’m sure the truth will come out. Maybe after the arena takeover and the appeal is heard for their relegation

 

[Grendel]

I’m sure the truth will come out. Maybe after the arena takeover and the appeal is heard for their relegation

I don’t think they have appealed have they?

 

[oldfiver]

Why? Come on Pete stop talking in riddles. What’s stopping Sisu from selling up, or investing in the club, or putting a bid in for the arena?

Sorry mate but it seems again the club blaming everyone else for things they’re in complete control over.

I’d have some sympathy if they ever actually bid for the arena.

It has not been announced who "bid" has it?

 

[Sky Blue Pete]

I don’t think they have appealed have they?

They will

 

[shmmeee]

It has not been announced who "bid" has it?

Doesn’t mean we don’t know. The details have been reported in several valid outlets.

 

[oldfiver]

I’m sure the truth will come out. Maybe after the arena takeover and the appeal is heard for their relegation

I understand an appeal is in process - blaming COVID

 

[oldfiver]

Doesn’t mean we don’t know. The details have been reported in several valid outlets.

Really - do tell

 

[Grendel]

It has not been announced who "bid" has it?

Im sure we made a half arsed attempt to

 

[Sky Blue Pete]

Really - do tell

Nec
Ashley and to be fair ccc have landed on their feet if he is going to move significant investment to the city

Would be my guess

 

[oldfiver]

Im sure we made a half arsed attempt to

So you don't know?

 

[Grendel]

I understand an appeal is in process - blaming COVID

Havent seen that anywhere and isn’t there a realistic chance they will lose the p Share back to the RFU? The buyers haven’t even been approved have they?

 

[shmmeee]

So you don't know?

Well there’s been no mention of them, and they’ve not said they had which surely you’d want the PR pressure from.

Fact is they’re blowing the best chance in a generation of getting us back to the Prem and being on a sustainable footing.

Maybe it’s all 4D chess, but so far its barely naughts and crosses in terms of results.

 

[Otis]

Well there’s been no mention of them, and they’ve not said they had which surely you’d want the PR pressure from.

Fact is they’re blowing the best chance in a generation of getting us back to the Prem and being on a sustainable footing.

Maybe it’s all 4D chess, but so far its barely naughts and crosses in terms of results.

Sounds to me like a few snakes and lots of ladders

 

[Grendel]

So you don't know?

Do you?

 

[Brighton Sky Blue]

Nec
Ashley and to be fair ccc have landed on their feet if he is going to move significant investment to the city

Would be my guess

The council must be up there with some of the worst in the country.

 

[TomRad85]

The council must be up there with some of the worst in the country.

Extend it out a bit and they're still up there. Looking at you Putin.

Sent from my SM-G973F using Tapatalk

 

[letsallsingtogether]

So you don't know?

Do you?

So after 291 pages all we know is no one knows anything!

 

[The Philosopher]

Irrelevant. Those fees can wipe deferred interest out capital loans still remain. Club gets £7 million tv next season. Can look to sell again following season get relegated readjust

We won’t get £20 million anyway

Clueless.

 

[Hiraeth]

So after 291 pages all we know is no one knows anything!

We know Wasps have actually gone into administration although CCFC54321 pretty much implied that 4 years ago at the start of the Wasps Downward Spiral thread.

 

[SkyblueDad]

So after 291 pages all we know is no one knows anything!

Yep.

 

[Paul Anthony]

So after 291 pages all we know is no one knows anything!

Not quite true.

We know Bounty is a more popular chocolate than imagined.....

 

[Astute]

Cant see Ashley buying the lease for anything close to £25m - the valuation is driven down by the £13m dilapidation requirements

There is some talk of a separate refinance to them which again is on his terms as the preferred bidder. Also they have security over assets with wasps holdings so the trustee can claim secured assets there

Ashley can take considerable time to purchase the football club. In the meantime he gets assured revenue through the clubs sub lease. He would I’m sure not be adverse to wasps playing as well. He will look to maximise revenue through the stadium initially. He can wait years to buy the club if he wants and can wait until it’s value is driven down - he never buys things without looking at profit

You are a Conservative so you should understand what a conservative estimation is.

All sides seem to be OK with what he is offering. Happy so far?

So you think he would offer the same 6.5% to refinance the bonds? Seems to be what you are aiming at. So would you like to suggest who would make the payments now Wasps are gone?

Yes he can afford to wait years if needed. But he can also afford to make it happen straight away. And it wouldn't take much to make us leading contenders for playoffs minimum. Look at how ordinary we made Blackburn look.

Or would you like to suggest that Joy would like to keep a grip on us whilst not willing to finance taking the next step or financing a new ground once the arena is out of reach?

 

[The Philosopher]

Cant see Ashley buying the lease for anything close to £25m - the valuation is driven down by the £13m dilapidation requirements

There is some talk of a separate refinance to them which again is on his terms as the preferred bidder. Also they have security over assets with wasps holdings so the trustee can claim secured assets there

Ashley can take considerable time to purchase the football club. In the meantime he gets assured revenue through the clubs sub lease. He would I’m sure not be adverse to wasps playing as well. He will look to maximise revenue through the stadium initially. He can wait years to buy the club if he wants and can wait until it’s value is driven down - he never buys things without looking at profit

Clueless.