Wasps going into admin & the impact on CCFC (9 Viewers)

[Deleted member 5849]

So what actually is going on? Does this takeover go through anyway if they don't get the stadium? Can they get the stadium? Who the hell is Doug King!

 

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[MusicDating]

 

[Brighton Sky Blue]

Maybe Ashley's going in with DK for the stadium

Why would he need to?

 

[Calista]

Not clear whether his purchase of a stake in the club is conditional on getting the stadium, or whether he's got 85% regardless?

Also, "The deal will involve clearing all of the Club’s current debts, leaving it debt free.". Isn't that what Ranson told us once?

 

[Briles]

Why would he need to?

Because dougs got the club.

 

[RegTheDonk]

“We have made it a priority – and one of our first acts as majority owners – to submit a bid to acquire the CBS Arena. We are keen to meet with Coventry City Council representatives and others as soon as possible to set out our vision – which includes the regeneration of the area.”

I don't get it - won't it all be too late given what's happening tomorrow?

I guess this is ammo for the bond holders et al to say hold your horses judge, a new player just rode in?

 

[shmmeee]

Time to see if your mates at the council will still try and stiff us without the excuse of hating sisu.

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Feel like Mike Ashley’s missus, just praying he pulls out in time.

 

[The Philosopher]

I guess this is ammo for the bond holders et al to say hold your horses judge, a new player just rode in?

Be a laugh if he was a major Bondholder. You never know.

 

[PUSB-We_are_going_up]

 

[no_loyalty]

About Yelo — Yelo

yelo.com

View attachment 27273

Is this Saddlebrains .

 

[Brighton Sky Blue]

Because dougs got the club.

Why would he want it without the stadium?

 

[Deleted member 5849]

Why would he want it without the stadium?

Fun times and spunking?

 

[djr8369]

Well to me it doesn't look good. Assuming that Ashley goes through with the transaction and this guy goes through with becoming a majority shareholder with a view to getting a stadium he'll have no chance of getting, what's the benefit to him?

Agreed. I’m worried this is a late play from SISU and leaves us open to turmoil between two owners.

 

[wingy]

Wtf is going!? Last minute play by SISU to derail the Ashley bid?

Maybe he was telling it straight " Not bidding for the club". Odd?
Where does it sit in Hoffman's all sorted by Christmas.
Sisu lawyers in court in the morning.

 

[SkyblueDad]

Doubt if this is that much of a surprise, still a few hoops to go through for King says subject to EFL approval that might be a problem too.
We all knew there was a likely curve ball to be thrown into the mix.

 

[Tommo1993]

Once had a neighbour called Doug, when I was younger. Always asked me if I wanted to see his purple helmet in his shed. Weirdo.

 

[Liquid Gold]

I think this will go through with or without the stadium.

I very very much doubt it goes to the EFL unless it's all agreed. It's like a "CCFC agree to sign [x player] subject to EFL approval".

The issue is what he does and how he decides to go about things if he doesn't get a tilt at the arena.

 

[Kubrick]

I think this proves what we've known all along.

Nobody onhere is ITK

I did say 15 minutes before the announcement that the whole thread was conjecture, assumptions, and quack analysis

 

[Brighton Sky Blue]

Fun times and spunking?

In all seriousness while the end of SISU's tenure is a good thing from one perspective, from another it means simply being owned by a different venture capitalist and still having no stake in the stadium.

I really don't see this as a cause for celebration to be quite honest

 

[wingy]

View attachment 27282

Ah that one got missed when we doing the chocolate puns.

 

[Deleted member 5849]

In all seriousness while the end of SISU's tenure is a good thing from one perspective, from another it means simply being owned by a different venture capitalist and still having no stake in the stadium.

I really don't see this as a cause for celebration to be quite honest

If (if!) it goes through it's somebody different from SISU. That in itself is worth celebrating, as it looked like they'd never leave!

 

[shmmeee]

Ashley is preferred bidder and has exclusivity while he does due dil. Tomorrow there’s a court case but others understand that better than me.
NEC also bid but lost to Ashley
Sisu are saying nothing but rumours to be interested if it went to admin (which it didn’t cos Ashley bid)
John Dawkins claims to be interested but apparently didn’t bid until after exclusivity so now no one will talk to him
Michael Byng has submitted his offer to The Tomes.

 

[wingy]

In all seriousness while the end of SISU's tenure is a good thing from one perspective, from another it means simply being owned by a different venture capitalist and still having no stake in the stadium.

I really don't see this as a cause for celebration to be quite honest

Seem to think they will still get a shot at the stadium think there may be lawyers beside bondholders tomorrow.

 

[clint van damme]

Doubt if this is that much of a surprise, still a few hoops to go through for King says subject to EFL approval that might be a problem too.
We all knew there was a likely curve ball to be thrown into the mix.

How will the EFL approval be a problem?

 

[Liquid Gold]

It has been about the most obvious thing in the world that Wasps owning the Ricoh meant sisu wouldn't cash in.

 

[Nick]

Why would he want it without the stadium?

Guessing why would Ashley want the stadium without the club too?

 

[Nick]

Doubt if this is that much of a surprise, still a few hoops to go through for King says subject to EFL approval that might be a problem too.
We all knew there was a likely curve ball to be thrown into the mix.

You aren't surprised by this news?

Was this expected at the council house?

 

[SkyblueDad]

Not clear whether his purchase of a stake in the club is conditional on getting the stadium, or whether he's got 85% regardless?

Also, "The deal will involve clearing all of the Club’s current debts, leaving it debt free.". Isn't that what Ranson told us once?

But 85% of what, sisu run the investments of others don’t they, none of them known except that text a substitute Canadian clown who was on the board for a while.

 

[robbiethemole]

What spanner will CCC find to throw in the works this time then?

 

[Brighton Sky Blue]

Guessing why would Ashley want the stadium without the club too?

If that assumption is wrong then King has just wasted a serious amount of money and we remain screwed.

 

[Nick]

But 85% of what, sisu run the investments of others don’t they, none of them known except that text a substitute Canadian clown who was on the board for a while.

85% of the club....

 

[TomRad85]

If that assumption is wrong then King has just wasted a serious amount of money and we remain screwed.

We could easily have a mutually beneficial relationship between stadium owner and club, as long as said stadium owner doesn't let the cockroaches back in. Ideally we'd own both but these arrangements don't need to he as hideous as ours has been.

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[Gynnsthetonic]

85% of the club....

How much has he paid for this 85% though

 

[Gynnsthetonic]

another one of our King

 

[CCFCSteve]

Wow. Never a dull moment. Firstly, sounds like fantastic news. Very strange timing though. Negotiations would’ve been going on for ages, if so, why wasn’t it wrapped up in time to get a decent bid in on the stadium ?!

Tomorrow becomes even more interesting !