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There will be absolute uproar if he is in anyway connected to a new lease.

Council HAVE to sell the lease to the football club if they are interested. They’ve already had the money for the lease so that is not an issue. In theory, could sell for £1. I would imagine bondholders security is gone if liquidation is confirmed too? If so, would that open the door for...

It may do if the council revoke the lease and revert back to 50 year wouldn’t it? Get a 250 year lease is essentially owning the thing forever.

Which, if the case, means it is imperative that CCFC end up with the lease.

Council can revoke the lease. But as the bondholders have a charge over the stadium, this could open a whole legal case that I am sure the council don’t want to get dragged into. They could in theory, revoke the lease and sell to their preferred bidder, with the proceeds going to bondholders...

They’re a hedgefund. They don’t want assets that don’t bring a return on investment. Get the stadium and they can offload at potential profit, if not break even.

Why is it not best that it goes to SISU anyway? It will make no difference to CCFC if it’s owned by the club or them. If they would want to sell CCFC in future they’d have to sell the whole lot, no one would be interested in the club without the stadium.

Very much so. Unless they’ve been lowballed and want to use others to push the price up. Still, I can’t imagine an arena of that size needing marketing to facilitate a sale. If someone is interested, I’m sure they’ve already come forward.

Notice issued to Bondholders. What a strange situation, asking for additional funds from people owed £35m to fund a marketing campaign for the sale of the arena. Clearly, no suitors at this time.

Just can’t see NEC being genuinely interested. Makes no sense.

Shot him down earlier in the week. He is from Coventry as well I believe

Interesting. Potential buyer?

I was thinking Wasps badges in the urinals.

It was on the Wasps FB forum. I joined a while ago to see what was going on but couldn’t bring myself to leave as it was too funny watching them melt down. I gave him what for but the post has since been deleted.

The fucking state of this guy. Deserve everything that comes their way. Cunts.

Not over yet it seems. Shame.

I wonder if we know any property developers connected to Wasps? Hmmmm, what about Derek Richardson?

Duggins said he knows there have been multiple offers for millions when talking about bridging finance. He said the buyer should provide the bridging finance as he has seen the size of the offers. If true, it doesn’t get to admin.

Interesting

Duggins says that we left for Birmingham on our own accord. He is talking as if bidders are not the football club. The whole things stinks.