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ACL board (1 Viewer)

  • Thread starter dongonzalos
  • Start date Nov 20, 2014
Forums New posts
D

dongonzalos

Well-Known Member
  • Nov 20, 2014
  • #1
http://www.coventrytelegraph.net/news/coventry-news/wasps-make-ricoh-board-changes-8139809

Why decline to say?
 

Moff

Well-Known Member
  • Nov 20, 2014
  • #2
dongonzalos said:
http://www.coventrytelegraph.net/news/coventry-news/wasps-make-ricoh-board-changes-8139809

Why decline to say?
Click to expand...


The actions of another secretive Hedge Fund?
 

Otis

Well-Known Member
  • Nov 20, 2014
  • #3
Let me slightly alter your thread title, Don.

ACL? Bored.
 

Moff

Well-Known Member
  • Nov 20, 2014
  • #4
dongonzalos said:
http://www.coventrytelegraph.net/news/coventry-news/wasps-make-ricoh-board-changes-8139809

Why decline to say?
Click to expand...

Its Pol Pot, Genghis Khan, Kim Jong Un and Dr Evil.

Its a bugger getting them altogether though seeing one is fictitious, two are dead, and one has been sick due to the amount of cheese he has eaten.
 
D

derbyskyblue

Well-Known Member
  • Nov 20, 2014
  • #5
They can all fook off as far as i'm concerned, acl, sisu, wasps, council, compass catering and any other fooka's that have bled this club dry. :jerkit: The lot of em.
 
D

dongonzalos

Well-Known Member
  • Nov 20, 2014
  • #6
I presume OSB will see who it is in due course
 
J

Jack Griffin

Guest
  • Nov 20, 2014
  • #7
dongonzalos said:
http://www.coventrytelegraph.net/news/coventry-news/wasps-make-ricoh-board-changes-8139809

Why decline to say?
Click to expand...

Maybe they simply haven't got agreements with the people they want signed & sealed yet?
 

Ian1779

Well-Known Member
  • Nov 20, 2014
  • #8
Jack Griffin said:
Maybe they simply haven't got agreements with the people they want signed & sealed yet?
Click to expand...

I think you are right. Going to be a fun day on here when Joy Seppalla is revealed as the face of the secret hedge fund.
 

duffer

Well-Known Member
  • Nov 20, 2014
  • #9
dongonzalos said:
http://www.coventrytelegraph.net/news/coventry-news/wasps-make-ricoh-board-changes-8139809

Why decline to say?
Click to expand...

Because they can? It might well be something of nothing, but in general where we might have had some ability to influence CCC, Wasps won't really give a monkey's about us, and won't feel obliged to make anything public that they can keep secret.

The club's future at the Ricoh is now at the whim of Wasps. ACL is their baby, 100% and for 250 years. I think we're going to see some differences, not all of them positive.
 
D

dongonzalos

Well-Known Member
  • Nov 20, 2014
  • #10
Ian1779 said:
I think you are right. Going to be a fun day on here when Joy Seppalla is revealed as the face of the secret hedge fund.
Click to expand...

She will have finally done the right thing a straight forward deal no strings attached.
Fingers crossed hey
 

letsallsingtogether

Well-Known Member
  • Nov 20, 2014
  • #11
Moff said:
The actions of another secretive Hedge Fund?
Click to expand...

Not owned by a Hedge fund though is it???
 
O

oldfiver

Well-Known Member
  • Nov 20, 2014
  • #12
letsallsingtogether said:
Not owned by a Hedge fund though is it???
Click to expand...

Ermmm where have you been
 

letsallsingtogether

Well-Known Member
  • Nov 20, 2014
  • #13
oldfiver said:
Ermmm where have you been
Click to expand...

Who has said it is owned by a hedge fund?
and where have they got their information from??
 

Moff

Well-Known Member
  • Nov 20, 2014
  • #14
letsallsingtogether said:
Who has said it is owned by a hedge fund?
and where have they got their information from??
Click to expand...

Apologies if I am wrong, but I thought it had been stated several times in the press and on threads, that some money towards the stadium purchase (how much I dont know) is backed by a Maltese Hedge Fund.
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Nov 20, 2014
  • #15
Moff said:
Apologies if I am wrong, but I thought it had been stated several times in the press and on threads, that some money towards the stadium purchase (how much I dont know) is backed by a Maltese Hedge Fund.
Click to expand...

Think you will find that Wasps are owned by Richardson and Wasps now control ACL,could be wrong
 

Moff

Well-Known Member
  • Nov 20, 2014
  • #16
Broken Hearted Sky Blue said:
Think you will find that Wasps are owned by Richardson and Wasps now control ACL,could be wrong
Click to expand...

Yep I think he is the owner of Wasps, but I thought that the funding for the Ricoh was assisted by other parties. I seem to remember seeing this in the Daily Telegraph and a couple of other papers, and that some of this funding was through a Hedge Fund? I think it will take time for it all to come out in full.

If anyone knows any better I will be happy to stand corrected.
 
R

Raggs

New Member
  • Nov 21, 2014
  • #17
It's a bit of a paper trail, but in essence it's Richardson that owns Wasps.

Wasps are 100% owned by Canmango Ltd a holding Company registered in London, largest shareholder David Thorne. Canmango Ltd are 100% owned by Moonstone Ltd who shares are 100% owned by MGI Fiduciary Services in which Derek Richardson is the primary shareholder. Both Moonstone Ltd and MGI are Malta registered companies, so quite difficult to establish details.
Click to expand...

http://robsbl0g.blogspot.co.uk/

I don't think MGI is really a hedge fund, it offers a lot of actual services.
 

oldskyblue58

CCFC Finance Director
  • Nov 21, 2014
  • #18
Not sure I see any surprise or significance in this so far. I would expect a complete change of directors with the CCC and Charity ones all retiring from the Board. In theory the company doesn't need more than one director (Eastwood) although I would think there will be some appointments.

Just more evidence of the changes going on. Also whereas CCC and AEHC perhaps had a duty to be more transparent because of the more public nature particularly of CCC there is no such duty now placed on ACL under the ownership of Wasps. They simply do not have to comment unless they choose to
 
R

Raggs

New Member
  • Nov 21, 2014
  • #19
Don't think it should be that surprising that Wasps are removing what are in effective other companies' employees from the board of a company they now run.
 

fernandopartridge

Well-Known Member
  • Nov 21, 2014
  • #20
Raggs said:
It's a bit of a paper trail, but in essence it's Richardson that owns Wasps.



http://robsbl0g.blogspot.co.uk/

I don't think MGI is really a hedge fund, it offers a lot of actual services.
Click to expand...

I wonder whether the charges that Richardson has over Wasps will be secured against the lease?
 

oldskyblue58

CCFC Finance Director
  • Nov 21, 2014
  • #21
fernandopartridge said:
I wonder whether the charges that Richardson has over Wasps will be secured against the lease?
Click to expand...

going to depend where the 250 year lease sits. If it sits in London Wasps Holdings and ACL now sub lease from them now then yes he will certainly have first charge over the 250 year lease. It might be different if the 250 year lease is in ACL because CCC has first charge over all ACL assets to secure the loan. Has the loan been repaid or some other arrangement completed? we don't know yet.
 

fernandopartridge

Well-Known Member
  • Nov 21, 2014
  • #22
Strange irony that the name behind the original flawed stadium plan is now the man in charge. The name Richardson gives me the creeps.
 
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