Wasps going into admin & the impact on CCFC (151 Viewers)

[jordan210]

Just seen this. EXCLUSIVE: Heineken axed beer from Wasps stadium amid financial woes

the no beer rumours were right. They are fucked ain’t they

Dint some rubbish this the other week.

Slowly by slowly the screws are being tightened.

So what is the likely outcome for the bond holders. 0 money back ?

 

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[fernandopartridge]

John Mcevoy?

YOU CANNOT BE SERIOUS!?

oh sorry

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[fernandopartridge]

interesting who the council decide to assign to this time. What a disaster management they have made of this

They will push the "it wuz all the pesky pandemic" line harder than any actor involved in this debacle

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[fernandopartridge]

My bank statement read HMV Empire after buying beer on Saturday at the stadium and someone stated the week before it was Dhillons brewey on theirs. Have ACL had to source the beer locally. Hopefully these local businesses will be or have been paid.

I'm guessing the reason is that you have paid the supplier directly and Wasps are effectively holding stock on consignment

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[clint van damme]

My bank statement read HMV Empire after buying beer on Saturday at the stadium and someone stated the week before it was Dhillons brewey on theirs. Have ACL had to source the beer locally. Hopefully these local businesses will be or have been paid.

I've had transactions from the stadium going against peculiar companies for ages.
Had one go the the royal Warwickshire club last season after a night game, might have been Peterborough

 

[torchomatic]

Interesting differences in headlines on the BBC Championship page and BBC Rugby U page.

 

[Liquid Gold]

No, it was all sisu.

Richardson said it would be fine.

it was just covid.

 

[Colin Steins Smile]

Actually agree with you!!! Can you Adam and Eve it.

Also very sceptical of American owners (I know SISU are utter cocks, whom I do not trust one bit) but equally I don’t/wouldn’t trust American owners, so for me it would be out of the frying pan and into the fire.

The increasing number of American owners within the English game is a concern, due to the direction some of them would like to take our national game.
A major factor is that English clubs are considered much better value than comparable American sports clubs and this is accentuated by the current value of the GB Pound v US Dollar...and that was true prior to Kama Karsi Kuartangs mini budget.

 

[MusicDating]

We're in the Championship with a stadium available and no council involvement.

Well...don't CCC get to decide who to issue a new head lease to in the advent of insolvency?

CCC - 'Will you fk over CCFC?'
Bidder - 'Yes'
CCC - 'Sold'.

 

[AndreasB]

My bank statement read HMV Empire after buying beer on Saturday at the stadium and someone stated the week before it was Dhillons brewey on theirs. Have ACL had to source the beer locally. Hopefully these local businesses will be or have been paid.

Same here. I had a pint of Kestrel and half a Springfield Bitter in the Legends Lounge and on my bank statement it said The Elastic Inn and Busters.


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[HuckerbyDublinWhelan]

No, it was all sisu.

Richardson said it would be fine.

it was just covid.

View attachment 26492

But surely it’s all about their survival? Maybe they’re better off just being along for the ride with us.

i Hope we kick them out the main changing room - and make them feel as welcome as they made us

 

[Liquid Gold]

"Why do ccfc fans hate wasps?"

 

[wingy]

Well...don't CCC get to decide who to issue a new head lease to in the advent of insolvency?

CCC - 'Will you fk over CCFC?'
Bidder - 'Yes'
CCC - 'Sold'.

Are they involved?
Isn't it a simple choice of who pays the most for ACL 06.

 

[Sky Blue Harry H]

I've got a mate whose surname is Bone. Got some strange looks the other day when I said to my wife in public, 'I need to make more of an effort with Boner going forward'.

Was really hoping it was Ivor

 

[MusicDating]

Wasps as we know it 'very unlikely' to continue RugbyPass thinks they're fked. 'around £90 million of debt'

 

[HuckerbyDublinWhelan]

Wasps as we know it 'very unlikely' to continue RugbyPass thinks they're fked. 'around £90 million of debt'

It’s gone up 25m in 1 day

 

[Nick]

My bank statement read HMV Empire after buying beer on Saturday at the stadium and someone stated the week before it was Dhillons brewey on theirs. Have ACL had to source the beer locally. Hopefully these local businesses will be or have been paid.

Weird how they would bring other card terminals in though if they were just buying beer?

 

[Nick]

The amount of debt (not the loans of £60m) is I would suspect horrific. I’d love to see Martin reeves in the dock

Yep, they were all so smug about it too.

 

[tisza]

Wasps as we know it 'very unlikely' to continue RugbyPass thinks they're fked. 'around £90 million of debt'

"Toxic reputation" if it goes down the admin route.
Would imagine more than a few bondholders are original Wasps fans that would have their loyalty tested actually losing money.

 

[Nick]

Do we think people are feeling silly yet? The local media, the council, the trust etc?

 

[MusicDating]

"Toxic reputation" if it goes down the admin route.
Would imagine more than a few bondholders are original Wasps fans that would have their loyalty tested actually losing money.

Even Shugs acknowledges the game's up -

My reading of it is that we won’t have to wait that long Grendel. If it’s not announced by close of play tomorrow it’s done I think. To Ashley 100m is peanuts. The only possibility is that he takes it as is to avoid having a bun fight with others in admin. Or that the fifth investor is a billionaire Wasps fanatic.

 

[Brighton Sky Blue]

Even Shugs acknowledges the game's up -

No way does anyone beat Ashley in a bun fight

 

[Nick]

The thing is, people like Bobby Bridge have just copy and pasted straight from Wasps PR team for months / years so people haven't realised how fucked they actually are / were.

Even up to about 3 or 4 months ago people thought that everything other than the Rugby was bringing in shit loads of profit and everything was fine.

 

[HuckerbyDublinWhelan]

Do we think people are feeling silly yet? The local media, the council, the trust etc?

The media have acted like it never happened
The trust have disappeared
The council will also pretend the last 8 years haven’t happened

 

[Rodders1]

The thing is, people like Bobby Bridge have just copy and pasted straight from Wasps PR team for months / years so people haven't realised how fucked they actually are / were.

Even up to about 3 or 4 months ago people thought that everything other than the Rugby was bringing in shit loads of profit and everything was fine.

We live in the age of populist bullshit… people believe what they want to believe…. Too late now

 

[Nick]

The media have acted like it never happened
The trust have disappeared
The council will also pretend the last 8 years haven’t happened

If only they were questioning people like Maton and Duggins.

 

[shepardo01]

If only they were questioning people like Maton and Duggins.

Duggins' lies should have been questioned a few years back... but at that stage, the Cov Tel was just a Wasps and anti sisu pr machine, and Linell used to shut down any mere mention of any Council shenanigans (which I personally experienced on a number of occasions!) The Trust also had Henry Winter on speed-dial pushing anti-sisu rhetoric....
I can't wait to see the demise of Wasps in Coventry- and hope it happens badly.

 

[Philosoraptor]

Next they’ll be free breakfasts down the Hilton.

Count me in.

 

[Nick]

Duggins' lies should have been questioned a few years back... but at that stage, the Cov Tel was just a Wasps and anti sisu pr machine, and Linell used to shut down any mere mention of any Council shenanigans (which I personally experienced on a number of occasions!) The Trust also had Henry Winter on speed-dial pushing anti-sisu rhetoric....
I can't wait to see the demise of Wasps in Coventry- and hope it happens badly.

Nobody is daring to ask the people at the Council what checks they did. Reeves is still there, West got his big pay off, Maton is the Mayor.

 

[clint van damme]

If only they were questioning people like Maton and Duggins.

They'd still defend everything they've done and said, they're entrenched.
Maton, the left wing mayor, was defending tax evasion by corporations not long ago rather than have a go at wasps for doing it.

 

[shepardo01]

Nobody is daring to ask the people at the Council what checks they did. Reeves is still there, West got his big pay off, Maton is the Mayor.

Because the Cov Tel did such a good job (backed up by other previously mentioned parties) of painting a picture which meant there was never any need for scrutiny of it.
Was only last week speaking to someone (an avid cov tel reader over many years) that had no idea that CCC loaned Wasps the money to buy the lease..

 

[Calista]

I had a pint of Kestrel and half a Springfield Bitter in the Legends Lounge

Always had you down as a bit of a hedonist and a high roller, and this has just clinched it.

 

[Frostie]

 

[usskyblue]

 

[HuckerbyDublinWhelan]