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  1. O

    Wasps going into admin & the impact on CCFC

    Secured creditors with a fixed charge These are generally banks and other asset based lenders that hold a fixed charge over the asset in question – vehicles, for example, property, or land. The lender is entitled to recover possession of the asset on the insolvency of the company, with the...
  2. O

    Wasps going into admin & the impact on CCFC

    They would have to have indicated they wanted to make a serious funded bid before the exclusivity period first I suspect 🤔 Quick toning down of certainty there :(
  3. O

    Wasps going into admin & the impact on CCFC

  4. O

    Wasps going into admin & the impact on CCFC

    Dangerous words to quote on here!
  5. O

    Wasps going into admin & the impact on CCFC

    The notice was to apply for Admistration and the Appointment is to be discussed this week. Until then DAR and Board are determining everything.
  6. O

    Wasps going into admin & the impact on CCFC

    Interest payments that were due to be on 13th perhaps?
  7. O

    Wasps going into admin & the impact on CCFC

    No - I am of a mind that sum was not in anyone's thinking.
  8. O

    Wasps going into admin & the impact on CCFC

    I was comparing £16m to a valuation of £50m and the BH debt of £35m
  9. O

    Wasps going into admin & the impact on CCFC

    TTP arrangements are common practice and acknowledged by HMRC as an accepted proposal It's better than companies taking out COVID low interest bank loans when they don't need them The embargo is surely a nonsense as there is one any until January
  10. O

    Wasps going into admin & the impact on CCFC

    No- don't be obtuse. I said if SISU had offered £16m and no debt and a secure lease what do think the reaction would have been?
  11. O

    Wasps going into admin & the impact on CCFC

    As a slight distraction https://www.rugbypass.com/news/exeters-asset-sale-should-concern-every-english-rugby-fan/?fbclid=IwAR1LfHbKbjBdeBwqR_em0fo4b5KoISrLbhmIPv2tKHvbofGO_YjEgyqfR50#lah6sw7445jsu36v7ap
  12. O

    Wasps going into admin & the impact on CCFC

    I said IF. Not they had I was trying to get your reaction to that figure
  13. O

    Wasps going into admin & the impact on CCFC

    Read the question!
  14. O

    Wasps going into admin & the impact on CCFC

    Strictly speaking - ACL do not have appointed receivers
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    Wasps going into admin & the impact on CCFC

    If you had been told SISU had offered £16m for the Arena with no debt and the lease in place - what would your reaction have been 3 weeks ago?
  16. O

    Wasps going into admin & the impact on CCFC

    Who was "everyone else" ? And do you wonder why they did not proceed further?
  17. O

    Wasps going into admin & the impact on CCFC

    No idea what you on about- leave it there we will agree to disagree
  18. O

    Wasps going into admin & the impact on CCFC

    Where have I claimed anything other that DB and JVS contacted him at the time of Admin?
  19. O

    Wasps going into admin & the impact on CCFC

  20. O

    Wasps going into admin & the impact on CCFC

    he did not contact SISU or CCFC. DB wrote asking for a meeting when he heard of potential Admin. Joy then followed up on evening Admin was announced
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