Wasps going into admin & the impact on CCFC (106 Viewers)

[oldfiver]

Me and a mate will do it for £10m. No VAT, but it'll have to be a cash deal though.

Chief Executive – Coventry City Council

Chief Executive

www.coventry.gov.uk

and you wont have to finish it!

 

---

[1ccfc]

Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.

I hope you leave that aggresive attitude at home before attending your next match. You might end up being banned and not able to go anymore.

 

[HuckerbyDublinWhelan]

Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.

This place is c**t central mate. It’s a pre-requisite to signing up

 

[duffer]

This place is c**t central mate. It’s a pre-requisite to signing up

I've even grown hair round my mouth so that I can talk like a c**t. I'm not just limited to posting here.

 

[Calista]

Me and a mate will do it for £10m. No VAT, but it'll have to be a cash deal though.

I only recently realised who your avatar is Duffer. Up until that point, I always had you down as just the sort of cool thrusting young entrepreneur who might be hovering with a takeover bid for CCFC.

 

[joemercersaces]

Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.

Hi Ann, started early today?

 

[Colin Steins Smile]

Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.

You seem to be having a bad day. Perhaps you should attend some anger management sessions? I presume you're a bond holder and have been shafted out of a lot of money.

 

[duffer]

I only recently realised who your avatar is Duffer. Up until that point, I always had you down as just the sort of cool thrusting young entrepreneur who might be hovering with a takeover bid for CCFC.

Ah, sadly I am precisely everything that my avatar is not. Cool, rich, continental, good looking, hirsute, decent footballer, literally none of those things!

 

[ajsccfc]

Is 'fucking' censored or did he just star it out as if getting it past a teacher?

 

[HuckerbyDublinWhelan]

Why doesn’t he appreciate the skill around rolling over is? O’Hare does it regularly and doesn’t get anything

 

[Brighton Sky Blue]

Is 'fucking' censored or did he just star it out as if getting it past a teacher?

Nothing gets past me he's been put in detention and his parents have been called. Think they're taking away his James Haskell action figure and turning off the WiFi after 6 pm.

 

[hill83]

What did I miss?

 

[HuckerbyDublinWhelan]

What did I miss?

We’re paranoid wasps aren’t going to get relegated and Stephen Vaughan has signed up to SBT as “Football_W@nkers”

 

[AndreasB]

I know with our history we should always be worried but Wasps coming back anytime soon shouldnt be one of the worries. They are finished. Dead from 2PM Monday. The adminstrator will have retained a couple of finance staff (who basically need to hand over their passwords) and maybe someone from comms and HR but thats it. Any players or staff waiting on a call to say its resolved or rescued are deluded. its not how these things play out.Unlike a retailer they are not continuing to trade or generate cash
This is not a going concern that has run into a little cash flow problems, its a failed enterprise that had an impossible business model and a mountain of debt- completely out of control for the actual size of the business.
There will be no money or people to put games on and no insurance or ability to continue.
On the Arena, bet it goes to a company or group we have never heard of. Be amazed if they wanted Wasps around- question is, would they want us?

 

[shmmeee]

Just gone past the CBS, did I miss it or has the Wasps badge gone?

 

[olderskyblue]

This place is c**t central mate. It’s a pre-requisite to signing up

If he didn’t know that, he’s lucky the membership algorithm picked him up, and allowed him in….

 

[Ccfcsj]

Just gone past the CBS, did I miss it or has the Wasps badge gone?

It was there this morning at about 11:30 as was that awful double poster they have up. Maybe it's been taken down this afternoon

 

[olderskyblue]

So that was £5.3m that went into the bottomless pit with fuck all to show for it???

I wonder if there were some “rules” associated with that money? If so, wonder if they abided by them….

 

[oldfiver]

The bloke who didn't know another rugby club existed in Cov?

Oh he did! He told the "other" club WASPS weren't coming !

 

[Brighton Sky Blue]

So that was £5.3m that went into the bottomless pit with fuck all to show for it???

Nah it went on this

 

[MalcSB]

Wasps owners unveil plans for Ricoh hotel

Photos show how it could look inside

www.coventrytelegraph.net

New hotel in talks to be built at the Ricoh Arena

A new hotel is due to be built on one of the car parks at the Ricoh Arena, if Coventry City Council grant permission to Wasps Holdings Ltd. It is likely that the cabinet will agree to a new long lea...

www.whatsonlive.co.uk

see the shuffle?

Very fluid. Wasps a convenient smoke screen behind which all sorts of stuff has gone on - including the £35m bond.

 

[Nick]

Sheridan, meanwhile, also confirmed FRP are looking at the possibility of avoiding relegation on appeal, as they look to prove the insolvency event was out of the club's control.

"Already we've had the necessary criteria and forms sent to us by RFU head of legal," he said.

"It's quite a process and something we will look at applying for."

Yet you have the accounts and CEO saying how unviable it was even before Covid.

 

[olderskyblue]

Nah it went on this

View attachment 26697

Duffer’s made a killing on these projects….

 

[Godiva]

one thing that’s alarming is the 20m in repairs needed to the Arena.

That's what happens if you fail to protect against insects ...

 

[Brighton Sky Blue]

Duffer’s made a killing on these projects….

It glows in the dark

 

[MalcSB]

Just listened to most of “Rugby Pod” on Amazon Prime. Long interview with Vaughan. Richardson said that he wasn’t going to put any more money in some time ago (without his guarantee the auditors wouldn’t be able to sign off accounts on going concern basis). Richardson sees that the value is in the sale of the arena so he can get back some money (surely doesn’t suggest he is going to buy it himself). After the interview, one of the presenters, with admirable use of the f word, said that there should be an investigation in to the wrapping around the rugby club with a £35m bond scheme, of which £15m went back to Richardson himself.

Theres 40 minutes I won’t get back.

 

[Brylowes]

Maybe we could start a book of condolence. Candlelit vigil?

Holly and Phil have requested Press Passes.

 

[Kneeza]

I think he shortens it for convenience.

He is literally massive, not one of their absolute stars, props rarely are, but definitely not someone they'd want to lose.

Not as massive now as when he first signed for Cov. I reckon he dropped a couple of stones while he was at the BPA, and no doubt more since he moved. Never impressed much, either, so he's evidently improved if he can shift up to Top 14 French standards.
It'll be interesting to see if he can.

 

[Kneeza]

Just checked. Alo was 22 and a half stone just before he moved to Cov, and was for a while the heaviest player in the Prem.
Just behind Mickey Quinn then.

 

[tisza]

Just listened to most of “Rugby Pod” on Amazon Prime. Long interview with Vaughan. Richardson said that he wasn’t going to put any more money in some time ago (without his guarantee the auditors wouldn’t be able to sign off accounts on going concern basis). Richardson sees that the value is in the sale of the arena so he can get back some money (surely doesn’t suggest he is going to buy it himself). After the interview, one of the presenters, with admirable use of the f word, said that there should be an investigation in to the wrapping around the rugby club with a £35m bond scheme, of which £15m went back to Richardson himself.

Theres 40 minutes I won’t get back.

There is around 30 million owed to Richardson personally and his Maltese hedge fund.

 

[duffer]

Duffer’s made a killing on these projects….

Hey. That's full size that is, it's just the photo is taken from very far away.

It's constructed of sustainable pine and everything.

I built it just outside the city boundary so that the council couldn't scupper the planning permission.

As soon as Joy sends me the money I'll tell her the exact location and post over the keys.

 

[duffer]

Just checked. Alo was 22 and a half stone just before he moved to Cov, and was for a while the heaviest player in the Prem.
Just behind Mickey Quinn then.

They like em big in France (oo-err missus!).

 

[jordan210]

Yet you have the accounts and CEO saying how unviable it was even before Covid.

It was all Covid you know. As for 6 months they broke even !!!!

 

[oldfiver]

There is around 30 million owed to Richardson personally and his Maltese hedge fund.

He / they have a charge but the debt of the time was repaid. The Receiver needs to check if the Company was solvent when relent

 

[clint van damme]

This place is c**t central mate. It’s a pre-requisite to signing up

And all the cunts are off to watch their team tonight, because its not dead.