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  1. The Philosopher

    Mike Ashley

    But the landlord can’t just throw any figure in, hence the 54 act.
  2. The Philosopher

    Wasps going into admin & the impact on CCFC

    No, it looks like he’s agreed to buy the lease pre admin. The council would need to ratify the transfer. Then ACL goes under.
  3. The Philosopher

    Wasps going into admin & the impact on CCFC

    Another angle: SISU / CCFC pay £600000 per year rent and lose out on some F&B and other money. Double it if you want. Call it £1.5m - doesn’t matter. One would presume that they don’t have to pay rates, electric, pitch maint (sore subject but hang with me) repairs cleaning etc. If they paid...
  4. The Philosopher

    Mike Ashley

    There’s a law in place that stops landlords raising rents (beyond a reasonable amount such as inflation) to settled businesses. Even after 8 years the Landlord has to have a good reason to inflate rent above “reasonable” The Landlord in this case would be the 250 year leaseholder.
  5. The Philosopher

    Wasps going into admin & the impact on CCFC

    Labour politician. Worst type. Think they can do what they like and hide behind a “nice socialist” facade. Awful people.
  6. The Philosopher

    Wasps going into admin & the impact on CCFC

    They need to get their on paper investment back (total guess £60m) or be able to generate 5-10% ROI (£3-6m) in added value or profit. Relegation is the last thing they want or can afford. Atm they have a chance to maybe get out of jail. I detailed it earlier.
  7. The Philosopher

    Wasps going into admin & the impact on CCFC

    They were offered a deal worth around 15mill in league 2 and laughed it off. 20mill wouldn't even get a courtesy call. It wouldn’t surprise me if the entities who have invested in the Hedge Funds know that their money is tied up in the questionable value of CCFC. So long as they get an annual...
  8. The Philosopher

    Wasps going into admin & the impact on CCFC

    At £35m they probably don’t have to agree. It’s just repaid. That releases the charge over the lease so it can be sold. Then there’s Compass and we don’t know their charge value. Once those figures have been met the lease can be transferred and ACL into Admin pending liquidation. The...
  9. The Philosopher

    Wasps going into admin & the impact on CCFC

    If it’s he’s train set then it’s up to him. If it’s 300k rent and 200k on beer and advertising (after costs and I’ve totally made those figures up) then that’s up to him. At the moment they probably have the income potential of a National League football team. It’s income with potential to get...
  10. The Philosopher

    Wasps going into admin & the impact on CCFC

    Fair enough view and it’s good to get some polite polarising view without the usual insults. I think Ashley would run it differently and make it work. It’ll never be as profitable as a Prem or even champ round ball team could be but he could make it work. Let’s see.
  11. The Philosopher

    Wasps going into admin & the impact on CCFC

    You never know. Wasps still has brand value in Rugby circles and is one good season away from top flight and some reasonable income. Players would rather play for Wasps than say Bedford Blues, all other things being equal. Ashley is type of bloke who will give a Wasps ticket free with each...
  12. The Philosopher

    Wasps going into admin & the impact on CCFC

    SISU’s best chance is if Joy goes to Ashley on her knees tbh. (and not in that way you deviants - and those who say that she only got to where she is is because of how she looked 20 years ago should be ashamed.)
  13. The Philosopher

    Wasps going into admin & the impact on CCFC

    He’d be Wise to stay. 🙄
  14. The Philosopher

    Wasps going into admin & the impact on CCFC

    I think the problem is that they have no chance of standing up to Ashley. SISU via their backers and connections think that could try to out-stare ACL, the Council (who are seen as a soft target since they aren’t a commercial entity) etc but U.K. based billionaire Ashley? No chance and they...
  15. The Philosopher

    Wasps going into admin & the impact on CCFC

    From personal experience London spiv types often think they are smarter than they are, then are shocked when someone from “up North” takes them to school and to nursery again for good measure. SISU have yet again got themselves into a mess thinking that no one else was smart or capable enough...
  16. The Philosopher

    Wasps going into admin & the impact on CCFC

    Not saying he is or would be, just pointed out that they’ve (GH/MA) had dealings before.
  17. The Philosopher

    Wasps going into admin & the impact on CCFC

    No They can’t afford to do that, see previous. Any talk of “tax losses write off” isn’t applicable
  18. The Philosopher

    Wasps going into admin & the impact on CCFC

    SISU’s best out was to aquire stadium, revalue and then their investment was more realistic and tangible. Then either sell high or wait for PL fluke. Surprised they haven’t fought harder. MA now their best hope. If he doesn’t have the gumption to know that then I’m sure his advisors and...
  19. The Philosopher

    Wasps going into admin & the impact on CCFC

    It wouldn’t be a demand, it’s a compromise deal that’d probably work for both parties.
  20. The Philosopher

    Wasps going into admin & the impact on CCFC

    Old London interbank…. Doesn’t matter. Over Bank base rate.
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