Wasps going into admin & the impact on CCFC (233 Viewers)

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Sbarcher

Sbarcher

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What’s happening to this thread?
Over 6 hours of silence. Come on,get speculating.
 
Astute

Astute

Well-Known Member
fatso said:
When they took over we were a team very much on the slide, we are now very much on the up.
Yes its taken far too long, and it looks like they've taken us as far as they can, but now we have a party (or parties) interested in taking over, which wasn't the case when we were facing liquidation!

I love you SISU ❤
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Have added the last few words you forgot 😲🤫
 
The Philosopher

The Philosopher

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Skyblueweeman said:
www.bbc.co.uk

Wasps no longer able to compete in Netball Super League following administration

Wasps Netball will no longer compete in the Netball Super League after the club's holding company entered administration.
www.bbc.co.uk

The Netball team have now been kicked out of the Netball Super League.
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Started to feel a bit sorry for the players and netball fans who probably live in Cov and have lost their level of sport.

Not their fault.

The P share or golden share or whatever for the netball surely could have been sorted for not a lot.

Joy / Mike - you’ve dropped the ball there (pun slightly intended).
 
Gynnsthetonic

Gynnsthetonic

Well-Known Member
The Philosopher said:
Started to feel a bit sorry for the players and netball fans who probably live in Cov and have lost their level of sport.

Not their fault.

The P share or golden share or whatever for the netball surely could have been sorted for not a lot.

Joy / Mike - you’ve dropped the ball there (pun slightly intended).
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I don't feel sorry for them, the players can play elsewhere. Another shit franchise bought into the city. If people want to watch netball go and support your local club
 
chiefdave

chiefdave

Well-Known Member
skybluetony176 said:
Didn’t someone get booted out of the league to make way for Wasps?
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the league was expanded from 8 to 10 teams. if I recall correctly Wasps were late to the party but still got a place alongside the expected two new franchises which meant one of the existing teams lost their place.

www.skysports.com

Yorkshire Jets to shut down in September after loss of Netball Superleague franchise

Yorkshire Jets have announced that they are to be wound up as a result of England Netball’s decision not to award a Superleague franchise to the region.
www.skysports.com www.skysports.com
 
SkyblueDad

SkyblueDad

Well-Known Member
The Philosopher said:
Started to feel a bit sorry for the players and netball fans who probably live in Cov and have lost their level of sport.

Not their fault.

The P share or golden share or whatever for the netball surely could have been sorted for not a lot.

Joy / Mike - you’ve dropped the ball there (pun slightly intended).
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When/if Mike Ashley gets the CBS I think in time it will be a multi-sports set-up, there’s plenty of scope.
 
SHUNT31

SHUNT31

Well-Known Member
Can anyone remove the paywall on this?

There’s an interesting line on the Twitter thread about the council providing funding to Wasps but cannot see it.

 
SHUNT31

SHUNT31

Well-Known Member
As in the article. Someone has managed to put it on Twitter.

38bbf29ae6890d13f9c5c48997d45307.jpg


Yet again, the council willing to bend over backwards for the parasites.
 
Calista

Calista

Well-Known Member
As Wasps financial problems became increasingly acute, Hottinger started conversations with Martin Reeves, the chief executive at Coventry City Council about mounting a joint rescue package. Both sides were aware that while they wanted to keep Wasps alive and to continue to have Premiershipship rugby being played at the Coventry Arena, there was a bigger picture here because an investment which involved the Arena could prove exceedingly fruitful as the land around the venue remains ripe for development. Hottinger had already, once, been involved in proposals for a hospital on the site.

By September, Wasps’ debt had grown to £112 million. The Hottinger lifeboat would not have made the club solvent, however, it would have paid off the most urgent debts and allowed the club to continue operating while finding other investors who might have been attracted to the development possibilities of the Arena site.

The Times has seen the executive summary of the bid, a three-page document which offers an “exclusive opportunity” and declares that “the refinance would satisfy outstanding debts to all government or quasi government agencies, refinance the existing public bond issuance and provide capital to begin development of the real estate opportunities”.
 
Calista

Calista

Well-Known Member
Calista said:
As Wasps financial problems became increasingly acute, Hottinger started conversations with Martin Reeves, the chief executive at Coventry City Council about mounting a joint rescue package. Both sides were aware that while they wanted to keep Wasps alive and to continue to have Premiershipship rugby being played at the Coventry Arena, there was a bigger picture here because an investment which involved the Arena could prove exceedingly fruitful as the land around the venue remains ripe for development. Hottinger had already, once, been involved in proposals for a hospital on the site.

By September, Wasps’ debt had grown to £112 million. The Hottinger lifeboat would not have made the club solvent, however, it would have paid off the most urgent debts and allowed the club to continue operating while finding other investors who might have been attracted to the development possibilities of the Arena site.

The Times has seen the executive summary of the bid, a three-page document which offers an “exclusive opportunity” and declares that “the refinance would satisfy outstanding debts to all government or quasi government agencies, refinance the existing public bond issuance and provide capital to begin development of the real estate opportunities”.
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A hospital?!
Didn't Fisher once say that the real value was not in the Arena, but in the development potential of the associated land?
 
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