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    Wasps going into admin & the impact on CCFC

    How do you know??
  2. O

    Wasps going into admin & the impact on CCFC

  3. O

    Wasps going into admin & the impact on CCFC

    Specsavers? If forfeiture was to take place prior to maturity of the Bonds, then U.S. Bank Trustees Limited, the entity that will hold the security on behalf of Bondholders, may not be in a position to assign the Head Lease for value in the event CCC forfeited the lease as described in the...
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    Wasps going into admin & the impact on CCFC

    Probably waiting for the first HS2 train to arrive
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    Wasps going into admin & the impact on CCFC

    Lots of "Mays" Would depend on a Court to decide - if necessary - CCC might not object
  6. O

    Wasps going into admin & the impact on CCFC

    The liquidation process includes the disposal of assets until then ACL is not liquidated
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    Wasps going into admin & the impact on CCFC

    Any Receiver/Liquidator will challenge any cancellation on the grounds the new owner does not prejudice the freeholders position
  8. O

    Wasps going into admin & the impact on CCFC

    You might say that - I cannot comment!
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    Wasps going into admin & the impact on CCFC

    On a liquidation a Liquidator can act but he cannot undermine the BH security position The BondHolders can sell to who they want
  10. O

    Wasps going into admin & the impact on CCFC

    Arena Company - technically (I think) there are no named Administrators yet
  11. O

    Wasps going into admin & the impact on CCFC

    No the Liquidator ( or BHs if they take possession) can continue
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    Wasps going into admin & the impact on CCFC

    https://find-and-update.company-information.service.gov.uk/company/04440684/charges Trustee for BH has charge on Arena
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    Wasps going into admin & the impact on CCFC

    https://www.coventrytelegraph.net/news/news-opinion/michael-byngs-motives-wanting-buy-4034278
  14. O

    Wasps going into admin & the impact on CCFC

    If liquidated the Arena reverts to the BHs so long as they still have the charge
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    Wasps going into admin & the impact on CCFC

    Chinese if Byng involved?
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    Wasps going into admin & the impact on CCFC

    The P shares are not security but any proceeds of sale are. So until sold the BH must wait The ACL nominated Receivers have said they have no control over the P shares
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    Wasps going into admin & the impact on CCFC

    Where is he saying this
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    Wasps going into admin & the impact on CCFC

    IEC has no charges lodged
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    Wasps going into admin & the impact on CCFC

    I have heard from a Bondholder that he thinks they are expecting to see all their security removed (but it is an ACL hearing so you might be right - others to follow? ) However, The Administrator has commented the P Shares are not in their gift to sell. So no idea who has the right or when...
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    Wasps going into admin & the impact on CCFC

    It will be interesting to see what Compass do !
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