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The gift of the lease would fall back to the council, i believe someone posted that previously.

c If SISU are the only players in town I dont think they can afford to be choosey?

Isn't the liquidation option down to the fact that ACL have no cash or liquidity? If they dont have the ability to raise a line of credit to fund ongoing day to day costs as its already been taken they cant operate?

Sisu would not reinvest profits in the team just because they own the stadium thats not their model. They would look to make it like us cost neutral and then take the profits, wouldnt surprise me if they still charged the club rent for the ground. It would mean however its a better proposition...

Then SISU are in the game it would seem. Perhaps playing the long game has worked and they then package it all together and sell it on?

The one thing I would say is if you get a player on a free its not counted in the spend. But you can bet that players like Ohare and Vick will be on the big bucks in the club plus the uplift in wages from promotion that has to absorbed. We may have only had a net spend on transfers of 2.5...

No ones going to buy the stadium before it goes into administration, you would have to not give a shit about the value. The question is if Wasps paid 15 million for the lease and the Stadium needs upwards of £15 million spending on it whats the lease actual worth, 3 or 4 million?

It makes you laugh really if that happens. Hes basically mugged off a load of bond holders to pay off the debts to both him and the council and would end up with the arena for a lot less than the 36 million. legal theft.

Eakin said Vaughan has told him that they hope Wasps will be playing in the championship next year and hope to play in Coventry as thats where the training ground is near. Still no fucking filter to what most Coventrians think of them or any though that we all ready have a rugby team in that...

The online shop is operational and they are asking £90 for the home shirt of a team that has gone out of existence. No wonder they went bust with merchandise at that price.

Didnt have you down as a conspiracy theorist. The only reason the Telegraph did not run storys is financial, Wasps would have pulled advertings and they would have lost revenue. The BBC has been accused of impartiality as reporters have included opinion and not just facts in its media. When they...

By tbe looks of it ffom what i can pick out the P share is the sticking point in the negotiations. The share entitles you to income but you loose it if you enter administration. Potential buyers won't commit unless Wasps retain the P share but will only buy them from administration as it gets...

They have outside auditors that have access to monthly accounts and tell them if they are living beyond their means and then recommends the action needed to bring them back in line. Its also reported back to their governing bodies.

One would think that the only reason the council would get involved as the free holder would to keep the stadium open and operational.

That was time limited and i think the offer has now expired as it was only for the building of the planned hotel?

Is that why its tonight as the admin is said to be Monday?

Are the council moving just to make sure that the stadium remains operational so things like football and the casino can continue to operate? One would imagine that the stadium could be locked by the bond holders if they own it effectively, Wasps training ground was locked up immediately.

I think Grendel has a point. The council played God with the club from the very start and dont have a good track record with large investments you just have to look at the money pit Coombe Abbey has turned into. At the end of the day they were the ones through Arena Coventry Ltd that forced our...

Necessity to pay the interest due to bond holders one would assume.

These local supporters are not what I would call hardcore fans. If they were in it for the rugby then they would possibly already be watching CRFC, it will be part time glory hunters attaching themselves to what they perceived as a big club. Most never gave a shit to our situation or the nuances...