Saddlebrains
Well-Known Member
Ironically, after my above post, I've just been told something interesting on these apparent 'interested parties' but i usually get abuse on here for my stories so i might divulge might not
Is it Vince McMahon?Ironically, after my above post, I've just been told something interesting on these apparent 'interested parties' but i usually get abuse on here for my stories so i might divulge might not
Ironically, after my above post, I've just been told something interesting on these apparent 'interested parties' but i usually get abuse on here for my stories so i might divulge might not
Is it Vince McMahon?
does this mean who ever takes on the stadium has that debt ? or the sale of the stadium by the administrator would satisfy that first
Is there any way in which CCFC could obtain the stadium debt free after Wasp go out of business and can't pay anybody?No not necessarily. If they the shares in acl yes they would. But if they just buy the company assets they pay the administrators who then distribute funds after deduction of their huge fees, firstly to the bondholders, maybe compass (I can't remember if they have a fixed or floating charge) then hmrc, I doubt that will leave much for anyone else.
Ironically, after my above post, I've just been told something interesting on these apparent 'interested parties' but i usually get abuse on here for my stories so i might divulge might not
Is there any way in which CCFC could obtain the stadium debt free after Wasp go out of business and can't pay anybody?
A massive company by the look of it (18billion), would they be interested in purchasing the football club tooAt the risk of abuse.....
See the recieved Message below....
'Interested buyer??
Live Nation, the huge company that puts on concerts and events etc
Would have both us and the pieheads (unfortunately) on a long agreement
Rest of literally everything else there will be Live Nations, they will put more concerts on, more exhibitions, more indoor sports, so boxing matches, darts tournaments, snooker tournaments etc, and more indoor concerts, your 80s artists, your up and comers, and of course the stadium bowl would be for the big summer concerts.
They feel the exhibition hall is criminally underused for its potential (and they would be right)
Also want to convert the land behind the ground into a mini cathedral lanes place to encourage people to go early or stay after, couple of restaraunts bars etc
Of course only if wasps go into admin, they can pick the place up for pennies in the pound, bondholders are going to end up fucked with the caveat of the lease reverting back to CCC.
Could be bollocks but seems to make sense mate'
Really sorry to hear that, hope you’re doing ok.No idea. Couldn't even tell you where they are in the table. Why don't you ask those from here that visited their site well after we last played them last season?
It is idiotic comments like this that keeps me away from commenting on here. As you well know my wife has cancer and when I can't be in France with her and look after my children I am on the phone to her for hours each day trying to keep her together.
But thanks for thinking about me.
At the risk of abuse.....
See the recieved Message below....
'Interested buyer??
Live Nation, the huge company that puts on concerts and events etc
Would have both us and the pieheads (unfortunately) on a long agreement
Rest of literally everything else there will be Live Nations, they will put more concerts on, more exhibitions, more indoor sports, so boxing matches, darts tournaments, snooker tournaments etc, and more indoor concerts, your 80s artists, your up and comers, and of course the stadium bowl would be for the big summer concerts.
They feel the exhibition hall is criminally underused for its potential (and they would be right)
Also want to convert the land behind the ground into a mini cathedral lanes place to encourage people to go early or stay after, couple of restaraunts bars etc
Of course only if wasps go into admin, they can pick the place up for pennies in the pound, bondholders are going to end up fucked with the caveat of the lease reverting back to CCC.
Could be bollocks but seems to make sense mate'
Why, we'll rent that oneMakes sense.
If true then we will 100% need to build a new stadium in my opinion. Not that I think that will happen mind you.
Sent from my iPad using Tapatalk
Why, we'll rent that one
No chance in HellIs it Vince McMahon?
As much as I'd love a new proper football ground in Coventry with 4 stands and a pitch, with no lease holds, no freehold owned by somebody else, no franchise owning a sub lease, no hotel complex, just a good old football ground but just can't see it happeningAs much as I dislike SISU, they are right about needing to own our own stadium.
In addition to that, I don’t want to be renting and I certainly don’t want to be sharing with those cockney pricks.
Sent from my iPad using Tapatalk
At the risk of abuse.....
See the recieved Message below....
'Interested buyer??
Live Nation, the huge company that puts on concerts and events etc
Would have both us and the pieheads (unfortunately) on a long agreement
Rest of literally everything else there will be Live Nations, they will put more concerts on, more exhibitions, more indoor sports, so boxing matches, darts tournaments, snooker tournaments etc, and more indoor concerts, your 80s artists, your up and comers, and of course the stadium bowl would be for the big summer concerts.
They feel the exhibition hall is criminally underused for its potential (and they would be right)
Also want to convert the land behind the ground into a mini cathedral lanes place to encourage people to go early or stay after, couple of restaraunts bars etc
Of course only if wasps go into admin, they can pick the place up for pennies in the pound, bondholders are going to end up fucked with the caveat of the lease reverting back to CCC.
Could be bollocks but seems to make sense mate'
AEGWas it Live Nation sisu were on about getting involved before?
They tried to take the Olympic stadium but a French company made a ridiculously cheap bid so Live Nation withdrewWas it Live Nation sisu were on about getting involved before?
Why withdraw?They tried to take the Olympic stadium but a French company made a ridiculously cheap bid so Live Nation withdrew
I hope so, but the trustees seem to be looking out for the club rather than the bondholders.I don't want to be unfair to Simon Gilbert, but there's definitely a well written post on ADVFN wasps saying that legally the bondholders could step in and stop the lease being surrendered to the Council; this by dint of holding a first charge against it (a point I assumed was supported by legal precedent).
If I had a job at the BBC I'd be looking for someone in the legal department to research and validate this, because that would add some value to the story.
I was of the impression that although appointed by the issuer, the trustee is there to look after the interests of the bondholders.Lots to be decided before then.
Will anyone make a bid if they can't find a rich idiot? Will CCC try to take back the lease? Will someone like SISU make a bid?
The trustees don't work on behalf of the bondholders. They work on behalf of the leaseholder. That is why the bondholders need to take action to force action on their own behalf.
Even if Wasps go into administration we won't know what will happen next.
The bondholders were under that impression as well.I was of the impression that although appointed by the issuer, the trustee is there to look after the interests of the bondholders.
Who knows but they are as you say a massive American organisation who I’m sure could be interested in the milk and honey Premiership.A massive company by the look of it (18billion), would they be interested in purchasing the football club too
Registered investment advisers have a fiduciary duty to clients. And they are covered by law when things go wrong as long as they don't do anything illegal and they follow their clients wishes. This is why the bondholders need to get a certain amount together to be able to take action.
Or do you see it in a different way Oldskyblue58 ?
Has the Trustee been given a free scarf and meal at a match?
NOT the washing machine company
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