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  1. The Philosopher

    What I was told today

    Unless SISU are trying to collate written offers for our best assets for negotiation tactics: ie. (CBA to argue values, it’s for figurative reasons only) MA: “your squad is worth twenty million tops” Joy:”we have offers in writing of £15m for Gyok from Everton, Burnley bid £10m for Callum and...
  2. The Philosopher

    Ben Wilson

    I think he’ll be offered a deal. It might not be top wages, I’m guessing he’ll be amongst the lower earners so it might be reflected. The danger is if someone else offers him something better.
  3. The Philosopher

    Ben Wilson

    I did think that his recent run of clean sheets was just lucky but as time as gone on there’s only a certain amount you can put down to luck. Next season, if we get MA in and splashing the cash we need to get the best keeper we can - to me it’s the most important thing to have in a side - the...
  4. The Philosopher

    Ben Wilson

    If you listen to his podcast he comes over as a great lad - a bit daft - but that’s what you want from a keeper. I can’t imagine him being a big earner. I think I’ve also read / heard that he’s a great laugh and a generally decent happy chappy in the player group - and that’s à brilliant...
  5. The Philosopher

    Wasps going into admin & the impact on CCFC

    I think one of the UK’s most successful self made billionaire entrepreneurs (that’s what he is even if he’s unpopular) is a different prospect for CCC than a nomad rugby team.
  6. The Philosopher

    Wasps going into admin & the impact on CCFC

    IIRC CCFC were in £30+ million of debt, £7m to bank and HMRC etc. Geoffrey Robinson family was owed £20m (?) by CCFC. How much of this was “real” (cash rather than unpaid interest or commissions on previous player profits) I don’t know...
  7. The Philosopher

    Ben Wilson

    Dripping? Does he need fattening up?
  8. The Philosopher

    Wasps going into admin & the impact on CCFC

    You were typing at the same time. Knowing SISU they would have over played the damages claim but in any event not paid probably at all this season until Rotherham game. £600k per year rent? I’m just trying to fathom if the damages claim (pitch and delays) would attach as unsecured against...
  9. The Philosopher

    Wasps going into admin & the impact on CCFC

    So the takeaway from this is that CCFC has withheld rent due to them putting a claim in for the cancelled fixtures? I had suggested previously that they would. I hope that this hasn’t caused a breach that MA could try to twist. I’d hope unlikely.
  10. The Philosopher

    Wasps going into admin & the impact on CCFC

    One would assume that the lease has various clauses along the lines of -“Insolvency event the Freeholder has the right to…. Blah blah….” “Transfer of lease…. Only with permission of freeholder and…. Blah blah” “Usage….. sporting events…. Wasps etc..” The council would have to presumably...
  11. The Philosopher

    Wasps going into admin & the impact on CCFC

    Paying off the bonds and then them removing their floating charge is one option. I’m just trying to see how he could satisfy the bond holding investors and then get control of the Charge which seems to have far reaching potential.
  12. The Philosopher

    Wasps going into admin & the impact on CCFC

    I perhaps should have been more clear in my musings. IF MA refinances the bonds, he could then potentially take over the Charges the Bondholders have in place. He can appoint whichever trustee for himself or just be the trustee. New trustee accepts a bid from newco - lease moves to newco...
  13. The Philosopher

    Wasps going into admin & the impact on CCFC

    The more I think about it the more MA assuming the position of the Trustee of the Bondholders has possibilities. Has the legal charge over the lease - can assume and transfer if required. Has possible security over P Share meaning (possible) playing rights in Prem if allowed (alternative is...
  14. The Philosopher

    Wasps going into admin & the impact on CCFC

    It’s fairly straightforward.
  15. The Philosopher

    Wasps going into admin & the impact on CCFC

    Yes, but if MA assumes the position and rights of the Trustees then does he have the charge? Are there other secured creditors entitled to the P Share?
  16. The Philosopher

    Wasps going into admin & the impact on CCFC

    But the Trustees do or at least believe they do - hence my previous posting on the point.
  17. The Philosopher

    Wasps going into admin & the impact on CCFC

    I’ve been trying to work out if we’ve all missed another angle - and I’ve no inside knowledge - I’m just thinking out loud. MA clearly got an inside lane on the other bidders. Could it be that he has refinanced or has agreed with the Trustess to refinance the bonds and then became the...
  18. The Philosopher

    Wasps going into admin & the impact on CCFC

    If the hotel plans include a helipad then we know MA has long term intentions (satire)
  19. The Philosopher

    Gyokeres

    How can he be like 8 foot tall and control a football like he’s Messi?
  20. The Philosopher

    Wasps going into admin & the impact on CCFC

    Rents cannot just be raised without adhering to strict criteria. MA cannot charge CCFC more than now save for inflation or something else that would have to go to arbitration. The £13m in repairs could be something but it’s a tricky one. It’s the 1954 Act that protects tenants. Having done...
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