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  1. MalcSB

    Wasps going into admin & the impact on CCFC

    I don’t suppose the cash flow issues created by postponements due to the pitch, plus the reported additional costs of putting on the last couple of games at the arena, will have helped on this occasion.
  2. MalcSB

    Wasps going into admin & the impact on CCFC

    You could well be right, but if it is administration it will be the same as the ones currently in place for Wasps Hildings - so they will have had all the information they need for some time.
  3. MalcSB

    Wasps going into admin & the impact on CCFC

    Is Birmingham in the East Midlands now?
  4. MalcSB

    Wasps going into admin & the impact on CCFC

    And what’s a hone when it’s at home.
  5. MalcSB

    Wasps going into admin & the impact on CCFC

    No, they are not. Much to the annoyance of bondholders, teh Trustees are sitting on their hands.
  6. MalcSB

    Wasps going into admin & the impact on CCFC

    For clarity, the administrators of Wasps Holdings and potential administrators of ACL and ACL 2006 have told the bondholders that, if funding for marketing isn’t forthcoming from bondholders “in short order”, the ACLs are likely to go straight in to liquidations as the objectives of...
  7. MalcSB

    Wasps going into admin & the impact on CCFC

    Shugs never did accept that.
  8. MalcSB

    Wasps going into admin & the impact on CCFC

    CBS announced after we returned- the football club was, and remains, the bigger attraction.
  9. MalcSB

    Wasps going into admin & the impact on CCFC

    We’re CCC and Higgs ever actually partners with SISU? Wasn’t it a commercial arrangement involving payment of rent at a level unaffordable below the Premiership and without access to other match day revenues?
  10. MalcSB

    Wasps going into admin & the impact on CCFC

    Interesting point - so why are Wasps Holdings administrators asking for funds to market an asset of a company not yet in administration? Is it that the ACL companies are themselves assets of WH?
  11. MalcSB

    Wasps going into admin & the impact on CCFC

    Agreed. Given that the non sports businesses are apparently profitable, you would have thought they could self fund a Rightmove Ad.
  12. MalcSB

    Wasps going into admin & the impact on CCFC

    It’s day 8 (out of 10 working days) and administrators are threatening liquidation, not administration, if bondholders don’t fund marketing costs “In short order”.
  13. MalcSB

    Wasps going into admin & the impact on CCFC

    But can put millions into a waste management company.
  14. MalcSB

    Wasps going into admin & the impact on CCFC

    CCC don’t need to buy the stadium, they already own the freehold. If there are no buyers of the leasehold, they will be left with it.
  15. MalcSB

    Wasps going into admin & the impact on CCFC

    If ACL is liquidated, as is the threat, and the stadium locked up with sub lease to CCFC voided, wouldn’t that also apply to the Casino and other ventures located there also having to close?
  16. MalcSB

    Wasps going into admin & the impact on CCFC

    ACL with the debt is worth less than nothing.
  17. MalcSB

    Wasps going into admin & the impact on CCFC

    If the P share goes for £9m, it’s ring-fenced for the bondholders. The administrators should sell it back to PRL.
  18. MalcSB

    Wasps going into admin & the impact on CCFC

    I think relegation will be confirmed when they fail to fulfill 2 home prem games, next one due 30 October.
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