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If the lease is purchased as an asset and needs to be transferred. That suggests ACL sells lease to NEWCO, ACL then goes pop. Will probably need council permission to reassign lease.

Watch Ashley buy Nuneaton or the Brakes or similar and shift them to the CBS for the laugh, bankroll them to the league. Satire. I hope.

Recap as it looks: A company can sell assets and then go into admin so long as the sale was at a fair value with a fair process. In this case, the lease. If the company enters admin after, any money / assets left are distributed between creditors in order (secured - HMRC - unsecured etc.)...

He’s a sauna lurker. Clearly. You know the type.

It’s an interesting point. It all depends on the wording of the lease. Did anyone ever get a copy under a FOI request?

Who’s been winding up the Bondholders on their forum? Some cruel b*gger has implied they won’t get a minimum £35m (or whatever) to clear the bar so that they can get their money back. Cruel. Maybe true - no idea atm but cruel all the same If it is a troll from here, having the username...

Isn’t their a covenant in place on the lease? Does anyone know?

It’s a shout….

It may be that NEC are muddying the patch. You could almost see the Yank or Ashley having some kind of deal with SISU to on fund / buy in / buy out the club in some way. NEC - not so sure. If anything they are driving up the price by being at the table. Surely some kind of deal where the...

You lot are a bunch of dangers. I was simply suggesting that we honour, as Tim Fisher suggested, Ms Seppala in a manner she deserves.

Joy’s entrance?

As I’ve said before, we are going to see a lot of this. So many clubs financed to the max either directly or indirectly. That is one story when money is cheap and finance houses are trying to invest to make returns. Different story now. Refinancing is going to be difficult and more...

Musk has been sharp in the past I’d warrant; but his behaviour has been mad of late. Twitter is a dying platform and he has overpaid. Got a feeling that he’s going to whack a huge claim in against the vendors though. This Starlink and Russia business is a bit suicidal. If I were the richest...

11 plus subs?

And I’ll add: 4/5 years ago if we were told that by 2022 Wasps would be gone, we were in the Champ and there is a chance Ashley was going to buy the club and stadium I think most CCFC fans would have thought it a wind up.

Whatever you think of Wasps they’ve somehow managed to get bidders to the table for the arena. Still confident that this is an opportunity for CCFC rather than a problem. Whoever owns the arena won’t be as cash strapped as Wasps and would be crazy not to link the club and stadium.

With Ashley: We’ll have linked ownership of stadium/club/training ground. He might bring in a director of football. Might be Dennis Wise. Who knows? He’ll probably rebrand the arena at some point and put a Sports Direct shop in the arena. (Personally prefer CBS as the name) Cov City shirts...

Just remove the seats that spell out “Wasps”. Stand there.

I agree. If ACL is sold the Lease continues - who owns ACL is highly unlikely to be any concern of CCC (unless there are specific clauses in the lease) Administration is the next stage but opens issues wider in terms of responsibility. Liquidation might be a game changer.

I can only guess as a catchback in the case that there is a liquidation at the last minute. Perhaps the Council have agreed they would assume safety (or whatever) responsibility if ACL fails at 18.00 or something tomorrow.