Gynnsthetonic
Well-Known Member
Would that mean Richardson is paid off and has nothing else to do with the stadium. Would the 40% effectively pay him back what he's put in and he walks away for good
Wasps going into admin & the impact on CCFC (42 Viewers)
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shepardo01
Well-Known Member
Just adds a bit more outrage to the Derek/Council/"Big" Mike three-way secret shaft-a-thon.......
To think that CCFC paid to keep the stadium running for 2 weeks is ridiculous. They paid for maybe 1 game to go ahead and then the money Ashley paid to be preferred bidder was used to keep it going surely. And this wasn’t done out of the kindness of his heart, if he hadn’t it looked like ACL was going into liquidation and he wouldn’t have had my preferred bidder time for due diligence
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The Philosopher
Well-Known Member
If the exclusivity expires and a hugely better offer comes on the table, Richardson would be in a pickle if it was turned down and he himself ended up in a better position (if the business then goes pop)
HMRC wouldn’t like that.
Nick
Administrator
It depends what the 40% means....
Johnnythespider
Well-Known Member
Is it possible that sisu are so quiet as Ashley has already done a deal to buy the club ? NDA's all round
Nick
Administrator
Let's face it, the charges will be removed.
tisza
Well-Known Member
Just don't see it. There's not enough "meat on the bone" for Ashley to fork out nearly 17 million for just 60%. Plus there's the investment needed to move things on .
Or maybe if they convert monies owed to him into share equity??
But Richardson staying in involved if the bondholders don't get their money would be a bad look for all parties.
They are holding back time until they have to face the Bondholders?
hill83
Well-Known Member
You said this to me last week and didn’t explain what you meant.
I took it to mean 40% of the bid money not him retaining a share of the stadium ownership.
MalcSB
Well-Known Member
More likely the administrators fees.
I am sure that has ben discussed informally with Reeves
It was mentioned there is availability to build the hotel - the one WPS applied for funding from WMCA?
D
Deleted member 5849
Guest
Yup, the only real question is if Ashley follows through with his purchase or not.
The Philosopher
Well-Known Member
That equates to about £30m for 100% of stadium and other bits and bobs valued at £50m plus?
Ingnoring the BS dilapidations figure, is that too high?
Nick
Administrator
I'm not sure they are that bothered what the bondholders get.
It could potentially be a less cash up front deal and then some shares?
Sky Blue Pete
Well-Known Member
Could be
Skyblueweeman
Well-Known Member
If you have 10 Smarties, and move 4 of those to one side, that's 40% of Smarties to one side mate.
Hope that helps.
SkyblueDad
Well-Known Member
Hopefully
I wouldn't be surprised or necessarily be angered by this as long as that would have been available unless you mean it basically covers the value of this deal for him to progress foreward from there
I still refer to Simon Jordan remarks about turning the ground around,a new one being built , where and who let him in on that
Must be some outline plan somewhere,?
jordan210
Well-Known Member
The way Reeves mentioned his 4 pillars that a buyer needs to meet. One being regen. Sounds ike CCC have a plan for the area.
But id not be surprised if some of the grants are for things at the arena again. More waste of public money on a privately owed venue
SkyblueDad
Well-Known Member
That’s what councils do
jordan210
Well-Known Member
Yeah like rejecting a Hotel plan form a private company and granting one for their mates.
SkyblueDad
Well-Known Member
There were ideas and plans for that area when the ground was first thought of years ago.
Supposedly Fraser's he has ,/uses a vehicle called Mesh for his personal stuff I think.
Sky Blue Pete
Well-Known Member
Possible but absolutely no rumours to say that’s the case
GIMOC
Well-Known Member
sorry Pete. Didn’t see this.
from my understanding and what I was told. even before Wasps went into admin, Ashley was keeping a close eye on events. It wasn’t an overnight decision.
Hoffman has been in dialogue with sisu (well Joy directly) I’m not saying Hoffman is the middle man in all this but I know he has been in dialogue with Joy since September.
My understanding, sisu would be open to offers at the right price. I feel CCFC ensured the Blackpool game went ahead knowing Ashley would then be the person to invest short term following weeks. Once we know tomorrow that Ashley is the preferred bidder I can see events escalating at a fast pace.
shepardo01
Well-Known Member
Ahhhhhh. Interesting. Not mesh, It's MASH holdings.
Interesting to see where this goes... is there a difference or is Fraser part of MASH holdings?
A timeline would be very handy.
skybluetony176
Well-Known Member
Could just mean the NDA’s are holding up.
Using logic why would MA be interested in ACL without owning CCFC as well? He can’t be buying it to buy wasps and have us sitting there as tenants. Wasps can’t support ACL and ACL can’t support Wasps, the only reason ACL turns a profit as far as I can see is because CCFC pay rent and bring sizeable footfall to the arena meaning regular income. It’s a meagre profit too. ACL would be operating at loss if it wasn’t for CCFC. I might be wrong but ACL only makes sense with CCFC combined.
Covkid1968#
Well-Known Member
By fast pace you mean arena then club by xmas. The Hoffmeister said it would all be done and dusted by Crimbo so maybe he is the man in the middle here
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