ccfcway
Well-Known Member
Hedge fund wanting to distress hedge fund who are looking to distress headge fund or the council.
None of it points to a positive future for our club
Sky Blue seats (1 Viewer)
- Thread starter standupforcity
- Start date
Hedge fund wanting to distress hedge fund who are looking to distress headge fund or the council.
None of it points to a positive future for our club
Nick
Administrator
Why does it matter if they take civil action against ccc?
Nick
Administrator
Sisu aren't being distressed, ccfc are.
Razzle Dazzle Dean Gordon
Well-Known Member
Agreed, we are stuck in the middle. On a more positive note, it does seem we are being backed this season in the transfer market for whatever reason, long may that continue!
Razzle Dazzle Dean Gordon
Well-Known Member
If SISU own the business being distressed then surely its an attack ultimately aimed at them though?
Razzle Dazzle Dean Gordon
Well-Known Member
Id have thought any agreement would have been purely aimed at stopping litigation against Wasps, relating to ownership of the stadium. I cant see SISU being willing to sign anything extending to civil action vs the Council.
Nick
Administrator
Not really because it won't damage sisu.
It's effectively having an issue with somebody and beating the shit out of their kid that people say they don't care about anyway.
Nick
Administrator
It was all legal action regarding to the sale of the Ricoh I think. I doubt it stands now anyway.
chiefdave
Well-Known Member
Boddy was confirming that to people at the kit launch. Wasps expect CCFC to cover any fine Wasps or the council receive.
Razzle Dazzle Dean Gordon
Well-Known Member
I'm not convinced it doesn't hurt SISU as its ultimately an asset of theirs and any losses that SISU fund have to come from SISU funding. Equally though im not at all sure it will work as a tactic for Wasps and it is us that suffer in the meantime.
Razzle Dazzle Dean Gordon
Well-Known Member
Christ, even more unreasonable if the indemnity was supposed to extend to a third party to the rental deal. It looks to me to be a war of attrition, hopefully one that CCFC can survive.
ccfcway
Well-Known Member
I know, in the same way wasps owners aren’t, it’s just wasps. Still boils down to hedge fund v hedge fund, no ?
Nick
Administrator
You forget the main player, the council.
ccfcway
Well-Known Member
shmmeee
Well-Known Member
Not sure you can make that case when you see our signings this summer.
We don’t seem very distressed.
Nick
Administrator
The same as Haskell isn't the owner.
shmmeee
Well-Known Member
You’re still to explain to me how anyone can force Sisu to sell. Or in fact who forced them to go on a rent strike with no plan B.
Honestly, isn’t it easier to believe Joy miscalculated the rent strike move due to not being used to dealing with governments bodies and since then it’s just been bitterness and incompetence all the way down?
Going forward, Wasps would be silly to refuse us playing there but have backed themselves into a corner just like Sisu did in Northampton. Hopefully just like that we just need some time for people to save face.
Nick
Administrator
Surely should be asking ACL who tried to force a change of ownership previously how anybody can force it?
shmmeee
Well-Known Member
Forget it. Hoped for a reasonable conversation. Carry on mate. I’m not your enemy.
Nick
Administrator
I haven't said you are
