robbiethemole
Well-Known Member
Are you sure it's Byng??....... last we heard from him, he couldn't work out how to use a fecking fax machine, let alone a computer or a twitter account !!
Are you sure it's Byng??....... last we heard from him, he couldn't work out how to use a fecking fax machine, let alone a computer or a twitter account !!Byng chipping in....
Dallaglio going public/pushing view that Wasps should be dealt differently to Worcester- not going down well on socials...
Shouldn't think Dallaglio was appointed to the board for his brainsEven if you take my dislike for wasps out of it, I think it’s pretty poor again from the media to allow a director of a club who is also a pundit to claim things without discussing his views without mentioning he is a director
its also backfired. there's uproar about it on social media, well as much uproar as there can be for a sport most people couldn't care less about, which means people will be watching the RFU for any hint of favouritism.Even if you take my dislike for wasps out of it, I think it’s pretty poor again from the media to allow a director of a club who is also a pundit to claim things without discussing his views without mentioning he is a director
Even if you take my dislike for wasps out of it, I think it’s pretty poor again from the media to allow a director of a club who is also a pundit to claim things without discussing his views without mentioning he is a director
"My Chinese investors are deadly serious about buying CCFC..." not for nothing was he known as Bullshit Byng.Are you sure it's Byng??....... last we heard from him, he couldn't work out how to use a fecking fax machine, let alone a computer or a twitter account !!
It would be refreshing if all parties simply sat down together and said right, everyone involved has been responsible for fucking this situation right up, let's try and find the least-worst solution all round. Something like;
1 - Wasps give up the ownership of the stadium in exchange for circa £15-£20m from CCFC/Sisu.
2 - Council agree freehold to be transferred to CCFC, not its owner, on 999 year lease that can't be re-sold beyond the football club
3 - Wasps use the money from step 1 to pay off tax and bondholders (who have to take a big haircut)
4 - Wasps then leave Ricoh and play as tenants in a more heartland location e.g. MK Dons.
From this
1 - Wasps get out of the money pit that is Coventry/Ricoh and back to their own fans
2 - Creditors get some money back if not all
3 - Council get to leave the whole situation behind
4 - CCFC gets to make a go of the Ricoh as originally intended
5 - Sisu can choose to either make a go of the project or sell club and stadium together and also walk away.
Maybe I am being far too naive but then again that's the story of my life.
Otis is already on it !Unless they also buy a train company not sure what they can do.
Do you mean that SISU wouldn't pay that sort of sum to buy the Ricoh from Wasps?it fails on point 1 - all this really shows how vulnerable Sisu have left the club in and have done nothing to address the vulnerability
Do you mean that SISU wouldn't pay that sort of sum to buy the Ricoh from Wasps?
Are you sure it's Byng??....... last we heard from him, he couldn't work out how to use a fecking fax machine, let alone a computer or a twitter account !!
I’d like pressure to be put on SISU if the arena did become available, we know they won’t pay it but I can see it becoming really toxic if they don’t get new stadium plans moving or show no plan to get the arena
I’m not sure they’re planning to do either - genuinely think they ain’t got a clue what to do with usI had always assumed the reason that the new stadium has never moved beyond a couple of Google Pixel images is that Sisu were playing for time and trying to give themselves leverage whilst waiting for this exact scenario i.e. Wasps insolvency in order to buy the stadium / complex. If not, then what was the point of the new stadium posturing?
I wouldn't be surprised if Dallaglio uses that massive hooter recreationallyJust been looking in twitter to see what the attendance was like given the big push and free tickets to find the ground emptier than a rainy Tuesday night opening round paint pot cup game.
Seems to be a lot of supporters of other clubs pissed off as Dallaglio has suggested on BT Sport that the rules applied to Worcester shouldn’t apply to Wasps as they are a big club.
Is there anyone connected to Wasps who isn’t delusional?
WaheyAttendance given as 10,249 (will include free tickets plus Saints supporters).
Wasps leading by 8 points with 4 minutes left and lost 36-40. Very disappointing
Wasn't he in some drug scandal?I wouldn't be surprised if Dallaglio uses that massive hooter recreationally
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Wasn't he in some drug scandal?
So what's a realistic maximum sum that Sisu would pay to take over the CBA/Arena as part of the admin process?
So what's a realistic maximum sum that Sisu would pay to take over the CBA/Arena as part of the admin process?
I'm just trying to work out how a 10 year old report is relevant. Have I missed something?Administration threat for Wasps
WASPS could be plunged into administration after talks over a possible takeover collapsed, it is being reported today.www.bucksfreepress.co.uk
Found it fitting with the Dallaglio comments ref Wasps should be treated differently because of who they are ,just pointing out the mess that goes back ages ..I'm just trying to work out how a 10 year old report is relevant. Have I missed something?
That's what I'm thinking, there's no way you'd invest £50m just to pay off bondholders and loansWonder if the old director consortium is being used as an excuse to keep extending the NOI ?
You do make it sound 'refreshing' and simple. But this relies on the notion of Sisu paying a mutually-agreed price for something (as opposed to exploiting a distressed business) and making an investment that would benefit other parties. Not sure the idea will appeal to them.It would be refreshing if all parties simply sat down together and said right, everyone involved has been responsible for fucking this situation right up, let's try and find the least-worst solution all round. Something like;
1 - Wasps give up the ownership of the stadium in exchange for circa £15-£20m from CCFC/Sisu.
2 - Council agree freehold to be transferred to CCFC, not its owner, on 999 year lease that can't be re-sold beyond the football club
3 - Wasps use the money from step 1 to pay off tax and bondholders (who have to take a big haircut)
4 - Wasps then leave Ricoh and play as tenants in a more heartland location e.g. MK Dons.
From this
1 - Wasps get out of the money pit that is Coventry/Ricoh and back to their own fans
2 - Creditors get some money back if not all
3 - Council get to leave the whole situation behind
4 - CCFC gets to make a go of the Ricoh as originally intended
5 - Sisu can choose to either make a go of the project or sell club and stadium together and also walk away.
Maybe I am being far too naive but then again that's the story of my life.
Complex used again.
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