HuckerbyDublinWhelan
Well-Known Member
One hilarious thing in all this…. Wasps biggest game of the season “the Christmas cracker” was against Worcester more lost revenue
Aren’t we all so very glad CCC refused to sell to SISU all those years ago, can you imagine the shitshow that would have happened if they had been allowed to raise millions against a lease on the stadium?…………oh, hang on
Remember saying that on here at the time. Fans, remarkably I have to say, were stating that we SHOULDN'T sell the ground to SISU, who like it or not own our club, as the first thing they would do would borrow against it. CCC were saying the same. What was the first things Wasps did?
Remember saying that on here at the time. Fans, remarkably I have to say, were stating that we SHOULDN'T sell the ground to SISU, who like it or not own our club, as the first thing they would do would borrow against it. CCC were saying the same. What was the first things Wasps did?
If a big developer wanted it for a giant gigafactory or something for an offer they couldn't refuse then maybe.
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'
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'
If ccc could sell the land and property feehold for say £200m they could then have a new stadium built say for £80m, lease to football club on a long lease and they'd be £120m in profit. Where to build a football stadium in Coventry though now who knows as all the old factory sites disappearingIt’s true but the reality is neither entity are big enough to absorb the costs of running such a complex
The bond strategy was odd because it didnt reduce the debt - increased it in fact
The whole place is poorly located, too many elements to it and too near main competition for exhibitions
Its a huge issue for all concerned now
£200m?!?If ccc could sell the land and property feehold for say £200m they could then have a new stadium built say for £80m, lease to football club on a long lease and they'd be £120m in profit. Where to build a football stadium in Coventry though now who knows as all the old factory sites disappearing
£200m?!?
The system appears setup to make doing that as difficult as possible. There's no way for the bondholders to contact each other, even via the trustee, and it appears many aren't even receiving the updates send out by Wasps from their brokers since the bond was delisted in what Wasps are claiming was an admin error.This is why the bondholders need to get a certain amount together to be able to take action.
Is that the one where they ignore all the complaints of local residents and let off a shit ton of fireworks.One hilarious thing in all this…. Wasps biggest game of the season “the Christmas cracker” was against Worcester more lost revenue
They knew it was not viable at the price the French company bidWhy withdraw?
That’s 4,000 peoples xmas knackered then.One hilarious thing in all this…. Wasps biggest game of the season “the Christmas cracker” was against Worcester more lost revenue
That’s 4,000 peoples xmas knackered then.
They knew it was not viable at the price the French company bid
As has been proved since
You never played Council Manager? Just take over Nuneaton & Bedworth BC and waste all their transfer budget then resign.
They're just buying it to launder money.NOT the washing machine company
Is that the one where they ignore all the complaints of local residents and let off a shit ton of fireworks.
Crap game.
I transferred Tom White in last season. Cost me a bloody fortune in fees and wages but now none of the other players will pass to him and my fan rating is in minus figures.
Yeah there’s a bug in the game where your fan rating is always negative regardless of what you do. You rarely get sacked though so it’s alright.
Agreed, it was built as if the NEC and NIA simply didn't exist.It’s true but the reality is neither entity are big enough to absorb the costs of running such a complex
The bond strategy was odd because it didnt reduce the debt - increased it in fact
The whole place is poorly located, too many elements to it and too near main competition for exhibitions
Its a huge issue for all concerned now
Agreed, it was built as if the NEC and NIA simply didn't exist.
yes I labelled it a white elephant years ago - really got stick for that
From ADVFN -
So the Trustees are going to do f all unless the Bondholders pay/indemnify them first.
Being a Trustee sounds as cushy as being an Administrator...
Who would invest now, you'd be virtually giving away £35m without gaining anything, you'd wait until admin surelyThere are 8 working days left for wasps to get something sorted. If they do then potentially the bondholders get fully paid. Press the button now and it all goes south rapidly and the outcome is potentially worse for the bondholders. I dont know what is going on behind the public angst but is it in the best interests of the bondholders to bring it all down if there is a possibility of better by giving a few days? The bondholders are in no different position now or on 19th.
If there is a good chance of a better conclusion for bondholders by waiting then it isnt a problem is it? Why jump the gun and guarantee a lower settlement just for a few days
There is going to be months of legal wrangling I reckon judging by the lack of clarity so far. Bondholders won't get paid out quickly in an administration in any case.
Yes I know it should have happened in May. But the bondholders have to focus on the situation now not what should have happened months ago
That said I think administration will happen in just under 2 weeks
Like SISU did?Who would invest now, you'd be virtually giving away £35m without gaining anything, you'd wait until admin surely
Shit place for exhibitions and indoor concerts anyway, nowhere to eat or drink like the NIA or NEC, unless you class the Tesco Cafe as restaurant
Shit place for exhibitions and indoor concerts anyway, nowhere to eat or drink like the NIA or NEC, unless you class the Tesco Cafe as restaurant
Shit place for exhibitions and indoor concerts anyway, nowhere to eat or drink like the NIA or NEC, unless you class the Tesco Cafe as restaurant
Wasn't part of the decision that the other interests created more revenue and would give the club a more stable income over the year.I've said it before could the football club not own the pitch and 4 stands, the rest sold off to whoever and whatever, then we we don't get involved with casinos, hotels, exhibitions indoor concerts etc.
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