SkyblueDad
Well-Known Member
The itk who told me over a month ago exactly what was happening re. Wasps and has, and told me what will happen regards the stadium fingers crossed on that, and then the big one sisu, I’m hopeful of a happy xmas.
Wasps going into admin & the impact on CCFC (58 Viewers)
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He means an uncontrolled Admin with no agreed terms and buyers. CCCs biggest nightmare which is why they have dragged the Bondholders along so long.
robbiethemole
Well-Known Member
At least any bidder won't have to worry about dumping Wasps off now, just buy the arena with a sitting tenant
No sign of SISU doing anything. I wouldn't either at this stage until ground sorted.
SkyblueDad
Well-Known Member
Why would they ?
shmmeee
Well-Known Member
Yes I get that. But it still doesn’t answer my question about funding.
The meetings with PRU are WASPs sorting out a deal to either not be relegated or be in Championship. Also to keep the P Shares
A purchaser of ACl may want P shares as part of keeping WASPS at Arena
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Arena us still trading and receiving income
shmmeee
Well-Known Member
Right, so the meeting that never was last week would likely have been in case ACL was also going into admin then cancelled when not. Do we think that delay was requested by the council more in hope than expectation of a buyer? Seems to have been very quiet on rumours outside of NEC.
stupot07
Well-Known Member
Probably already been posted.
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Brighton Sky Blue
Well-Known Member
Council desperately needs the whole thing to not go tits up, but nobody will want to take on ACL with all the debt attached. Which will be why a lot of interested parties are probably holding fire until Friday
shmmeee
Well-Known Member
Yeah I get all that, it was the talk of a bailout that confused me if they were getting bought out before admin.
Gynnsthetonic
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Derbys admin cost millions, It did go on for nearly a year
steve cooper
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Covered in post 4628 onwards on previous page.
Probably already been posted.
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I don't read too much into that statement. I think he means ACL will go into administration next week and there is sure to be interest / bids, or something like that. I doubt very much the reporter knows anything not already in the public domain. If he did, it would be covered in much more prominence
Gynnsthetonic
Well-Known Member
If ACL go into admin friday who opens the gates and pays the wages, is this why ACL put in another NOI to put things into place before they go into admin themselves
Gynnsthetonic
Well-Known Member
Will it be a bidding war, can't see Sisu wanting to get into that
Gynnsthetonic
Well-Known Member
Council desperately needs the whole thing to not go tits up, but nobody will want to take on ACL with all the debt attached. Which will be why a lot of interested parties are probably holding fire until Friday
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Why would they not want things to go tits up, thought they wanted rid of it, there must be something in place where the the pitch and stands have to stay and the ground cannot be converted to a warehouse or anything
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Why would they not want things to go tits up, thought they wanted rid of it, there must be something in place where the the pitch and stands have to stay and the ground cannot be converted to a warehouse or anything
steve cooper
Well-Known Member
Well, we shall see, but my opinion is, although there will be interest I don't expect to see massively high bids, considering the expensive repair / renovation work said to be required, and who is likely to be interested.
I just can't see NEC being interested unless they can get it very cheap.
Gynnsthetonic
Well-Known Member
We want a buyer who wants to own the football club and stadium. Gilbert quotes today that the Mike Ashley's interest has cooled
Remember the reference was to WASPs to begin with , ie WH
Brighton Sky Blue
Well-Known Member
Safe to say that's us stuffed then
Or even completely gone?
Depends on what "incentives" they also get. Car Park C still available as a Hotel/ Conference centre?
Sky Blue Heaven
Well-Known Member
So this points towards a stepped process of Ashley, or someone else, acquiring ACL then moving forward with buying the club. Fingers crossed for a January transfer budget to kick on and therefore retain O’Hare, Gus, Sheaf & Viktor.
Brighton Sky Blue
Well-Known Member
Wasps had applied for hotel permission there soon after getting the stadium but think that lapsed earlier this year
steve cooper
Well-Known Member
That's a shame if true, but if I were interested in buying something that multiple other parties might be interested in, I would play down my interest.
The option to build went from WASPs to WPS in a blink - a Richardson company
Richardson applied for WMCA funding but withdrew. But it could be part of any negotiation?
Brighton Sky Blue
Well-Known Member
Maybe. Will certainly all become a lot clearer on Friday anyway if not sooner
Gynnsthetonic
Well-Known Member
Isn't WPS Whitley Pumping Station on London Rd, plans for houses next the Higgs centre off Allard Way, Richardson never interested in the Rugby side of things really was he
Wasps owners unveil plans for Ricoh hotel
Photos show how it could look inside
Gynnsthetonic
Well-Known Member
Senior Wasps figures buy proposed housing land near training base
Wasps owner Derek Richardson and group chief executive David Armstrong are directors of a firm that has bought land next to the Alan Higgs Centre
Gynnsthetonic
Well-Known Member
Who was there employer before out of interest, must of been Wasp or ACL
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