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So if the investors were to get 51% of this vampire company, will they be the main STAKEholder? (Halloween themed pun) Gets coat.

The best offer isn’t necessarily the highest offer, this is where SISU have cards to play. A high offer but hostile SISU may not be better than a tamed SISU and lower offer. That 10 year lease might well have been good foresight.

You can only guess that the people who can enforce admin (charge holders or debenture holders) have resolved in writing not to do so tomorrow.

I think the NOI gives protection to stop creditors putting ACL into admin. IE they can’t during those 10 days. Now there is no protection but also no reason for any creditor to fire the trigger if there is a solvent resolution on the table.

Yes and no. Always the risk of them having conflicts about which act where, which conference where, at the moment they are kind of rivals. Could get messy.

That makes sense, but it’s security. If the stadium lease sale exceeds the bond and other creditors (ie the P share money isn’t needed to cover the guarantee), the Wasp P share goes to the Wasps in Admin (and gets swallowed up by HMRC etc) I just thought that they’d try to rope it in to ACL by...

Probably the announcement tomorrow. I guess if the NOI expires then main creditors can technically pounce. In this case, if there is viable proposal that can be presented to the Trustees of the bonds, Compass etc. that shows serious progress and a potential solvent sale then why would they...

Must be an extension then.

I read it like you did, which is why I thought somehow whoever gets the stadium might want both Wasps and CCFC because P share etc. Bottom line: haven’t the foggiest

Don’t know what I’d prefer, new Americans or Ashley. I think the latter, just because, last Americans, SISU, and they’d still be here.

Kind of related: Link to the forum of The Wasp Bondholders. They may get some inside Intel as things progress. https://uk.advfn.com/stock-market/london/wasps-22-WAS1/share-chat

It is plausible. As said, SISU have the ability to influence the Arena sale be it with court action or moving away if they aren’t part of the deal. That they’ve got a patsy to facilitate makes sense, the 49% thing is the only bit I can’t fathom. However, it is a very plausible outcome...

I read that. Perfect fit for SISU / Wasps.

That the investors get 51% is interesting. That gives them ultimate control obviously.

Ties in with what Overson apparently said in the car park to someone on here

Ashley sold Sports Direct didn’t he? House of Fraser now “HOF Stadium” might it be? Were he Hoffman in all this? Free naming rights and not a dickiebird.

I do wish people would stop referring to the Council getting or spending “their” money. It’s taxpayer money that they manage on our behalf. That they waste it on vanity projects or mishandle is a big cause of concern.

C’mon GIMOC, tell us more - we won’t out who you really are Gary.

That’s good.

It’s not ambition, but waiting it out and being prudent will see great progress for CCFC. So many Derby type situations where finances are precarious to say the least. Outside of those clubs backed by hugely wealthy lunatics, the cost of debt is going to spiral and Mr HMRC is going to be...