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Appeal Dismissed (2 Viewers)

  • Thread starter Fishy Tim
  • Start date Oct 12, 2018
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Liquid Gold

Well-Known Member
  • Nov 27, 2018
  • #561
It's maddening. Just fuck off. Fuck off Sisu, fuck off London Wasps fuck off.

This must be the most difficult club in the world to keep supporting.
 
Last edited: Nov 27, 2018
Reactions: Skyblueweeman, skybluepm2, westcountry_skyblue and 5 others

Warwickhunt

Well-Known Member
  • Nov 27, 2018
  • #562
Nick said:
If they can do it before 4 or after 6. I've got stuff to do before the game.
Click to expand...
what gets me is why wait until the last dying seconds to put the appeal in? they know they are going to do so why not last week or the week before. bloody mental if you ask me!!!
 
Reactions: colin101
B

bradwellskyblues

Well-Known Member
  • Nov 27, 2018
  • #563
i think this can be dealt with quite quickly if the supreme court say there are no grounds for an appeal thats it i think he said with a degree of hope
 

Nick

Administrator
  • Nov 27, 2018
  • #564
Liquid Gold said:
It's maddening. Just fuck off. Fuck off Sisu, fuck of London Wasps fuck off.

This must be the most difficult club in the world to keep supporting.
Click to expand...

You wouldn't half mind it if there was any chance that CCFC would be re-united with the Ricoh and we all live happily ever. It's not even slightly likely that SISU themselves would get the Ricoh and make millions from it .

May as well just tell the Wasps PR people to start their Christmas holidays now. That's how easy it makes it for them.

Is another appeal really going to put Wasps out of business if that's what they are trying to do? Yes they may be struggling but don't think it's likely.
 
Reactions: Skyblueweeman, ccfchoi87, CJ_covblaze and 2 others
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SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #565
lapsed_skyblue said:
The last time adminstration was used SISU controlled it and only put one part of the company structure through the process. They also managed to kill dead any investigations as to whether assets had been moved around in preparation for administration.
This time round they probably want to get unfettered access to the one tangible asset they have, Ryton. This could well be easier if CCFC was no longer a going concern and the question of commitments to continue the Academy were no longer on the table. Yes, players contracts have value but the League rules as to preference to footlball creditors could be a drawback.
Does the current company structure give SISU options?
Selling CCFC as a going concern will not be a quick process. So, i wouldn't rule out liquidation. It's down to SISU decding which gives them the quickest and/ or least expernsive exit. After all much of their "investment" is already effectively lost.
Click to expand...

Liquidation often isn't the cheapest route. Rangers' liquidation in 2012 is an example of this. I'm not saying it's the same as they had more creditors but it's by no means the cheapest manner of exiting the club as there are legal fees etc. to contend with.
 

Grendel

Well-Known Member
  • Nov 27, 2018
  • #566
JamesCCFC said:
Neither. However, what they probably will do is put the rent up as a way of showing who's boss.
Click to expand...

They’d do that anyway
 
6

6 Generations

Well-Known Member
  • Nov 27, 2018
  • #567
Warwickhunt said:
what gets me is why wait until the last dying seconds to put the appeal in? they know they are going to do so why not last week or the week before. bloody mental if you ask me!!!
Click to expand...
Because as a poster posted earlier on this very thread...

They are absolute cunts
 
Reactions: Skyblueweeman and Orca

skybluetony176

Well-Known Member
  • Nov 27, 2018
  • #568
Disappointing news if not at all surprising. What a bunch of cock suckers.
 
Reactions: Skyblueweeman and Orca
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SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #569
Grendel said:
They’d do that anyway
Click to expand...

Well true, it's just a matter of how much they'd plan on increasing it by.
 

Nick

Administrator
  • Nov 27, 2018
  • #570
JamesCCFC said:
Well true, it's just a matter of how much they'd plan on increasing it by.
Click to expand...

May as well of just given them an empty cheque book and said put it in yourself.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 27, 2018
  • #571
With regards to he FL kicking us out, aren’t we reasonably big enough to join the 20 or so clubs that are trying to break away from the championship? Can’t we just join them and groundshare with Birmingham, or at worst Nuneaton til we sort ourselves out?

Further to that do the EFL have the appetite with court battles with the 20 breakaway clubs and one with SISU? I don’t think so, we’ll be groundsharing again if worst come to worst
 

Nick

Administrator
  • Nov 27, 2018
  • #572
The thing is, Boddy puts in the programme notes some scare mongering that if we don't get a deal the club might get kicked out of the league. I assume the intention was to try and put pressure on Wasps to do a deal.

The way it has been timed and done relieves any pressure and just makes it backfire as he has worried people into thinking the club won't exist.
 
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #573
Nick said:
You wouldn't half mind it if there was any chance that CCFC would be re-united with the Ricoh and we all live happily ever. It's not even slightly likely that SISU themselves would get the Ricoh and make millions from it .

May as well just tell the Wasps PR people to start their Christmas holidays now. That's how easy it makes it for them.

Is another appeal really going to put Wasps out of business if that's what they are trying to do? Yes they may be struggling but don't think it's likely.
Click to expand...

I think SISU are probably attempting put pressure on their main backer. There were strong rumours that he planned on walking away at the back end of last season due to do the difficulties surrounding Wasps. E.g. average crowds, financial strain and I'm sure the legal battle was a factor. If he pulls away they would go out of business wouldn't they?
 
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #574
Nick said:
May as well of just given them an empty cheque book and said put it in yourself.
Click to expand...

My thoughts exactly. After over half a decade of legal battles SISU will now gone full circle and will probably end up paying £1.3 million a year in rent again :banghead:
 

Nick

Administrator
  • Nov 27, 2018
  • #575
JamesCCFC said:
I think SISU are probably attempting put pressure on their main backer. There were strong rumours that he planned on walking away at the back end of last season due to do the difficulties surrounding Wasps. E.g. average crowds, financial strain and I'm sure the legal battle was a factor. If he pulls away they would go out of business wouldn't they?
Click to expand...

I can't see that happening either. He won't want to look weak by walking away surely because of it?

Still, if that was the aim you would think that appeals like this won't do that as he would probably get the legal money back.

Chucking the money into PR "wars" would do a better job than the legal "wars".
 

oldskyblue58

CCFC Finance Director
  • Nov 27, 2018
  • #576
Not really surprise news. I assume the Otium name is still on the documents filed ?

Perhaps now people will finally understand that the SISU driving force in all this are their investors not CCFC.

Wasps could do a short term deal if they chose to (i think they will in the end) but they are not going to do that at the moment because they can tighten the screw on our owners. Ask yourself in their position what would you do? How might you use events to your best advantage? Whilst the legals carry on i wouldn't expect any movement before next March. Wasps do not need to comment or do anything and i suspect they wont. Both sides of this are trying to use the events & legals to their best advantage. The losers are the fans as always.

Over two years it has cost Wasps £500k (thats up to 30/06/2018) - yes they might get some of it back - but it will have hit cash flow not just increased losses for now. Wasps biggest problem has been cash flow. Further legal action will hit both losses & cash flow again. Have they been repaid any yet? I doubt they have it all back, certainly hadn't up to 30/06/2018. Not going to make them too sympathetic..... in the longer term they want CCFC there so they are unlikely to go nuclear on us

Yes SISU are perfectly entitled to pursue the legal action, they do not and never have seen it from a CCFC fan point of view. It is simply cold hard business, their business. Similarly Wasps are entitled to say that's it we are not talking and not renewing the ground arrangements. Again just business to them - they have no affinity for CCFC. Its brinksmanship all over again, something worryingly SISU have miscalculated before

Just a thought but a 250 year Wasps lease does not exclude a 125 year CCFC lease at the Ricoh. Which could lead to increased value on both balance sheets

Have asked this before but are Wasps owned by a hedge fund or a private investment/fund I think it is the latter.... no matter really both Wasps & SISU are playing hard ball with CCFC/Otium and the worry firmly centred on us the fans.

With today's news then it will be harder to target any protest against Wasps. The focus for many fans will be SISU legal actions. It will have a further dampening effect on the fans, hit our income to some degree and at a time when things are generally looking to be on the up from the team. Frustrating. It will hamper some of what Boddy has been trying to rebuild. No wonder he is concerned, but he is pretty powerless. Still find it hard to believe him and Fisher didn't know where things were heading. I do hope he doesnt come out with "its nothing to do with us we are not involved" again, it is because it affects the future of CCFC - no one really believes "we are not involved" DB the company that is legally CCFC is involved

Just want this saga over, I want news about CCFC to be just about the football side of things
 
Last edited: Nov 27, 2018
Reactions: Skyblueweeman, Captain Dart, Ccfcsj and 4 others

Captain Dart

Well-Known Member
  • Nov 27, 2018
  • #577
Warwickhunt said:
what gets me is why wait until the last dying seconds to put the appeal in? they know they are going to do so why not last week or the week before. bloody mental if you ask me!!!
Click to expand...

They want to drag the process out,is it not a risk factor that has to be mentioned in Wasps accounts?
 
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #578
Nick said:
I can't see that happening either. He won't want to look weak by walking away surely because of it?

Still, if that was the aim you would think that appeals like this won't do that as he would probably get the legal money back.

Chucking the money into PR "wars" would do a better job than the legal "wars".
Click to expand...

Well this is where I don't get their logic. Like I said they're probably playing on the fact that if he was close to walking away once then he's more than likely to potentially walk away a second time. But that's such a huge gamble to take because as you've said, they're probably going to have to pay legal reparations anyway so it's hardly any skin off his back really from a financial POV in the long term. If SISU won I think he'd almost definitely walk away but to put it simple terms there's no chance in hell of that happening.
 

Nick

Administrator
  • Nov 27, 2018
  • #579
oldskyblue58 said:
Perhaps now people will finally understand that the SISU driving force in all this are their investors not CCFC.
Click to expand...

Who has ever questioned it though?
 

skybluetony176

Well-Known Member
  • Nov 27, 2018
  • #580
Nick said:
I can't see that happening either. He won't want to look weak by walking away surely because of it?

Still, if that was the aim you would think that appeals like this won't do that as he would probably get the legal money back.

Chucking the money into PR "wars" would do a better job than the legal "wars".
Click to expand...

Walking away would be a show of strength not weakness.
 
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #581
Nick said:
Who has ever questioned it though?
Click to expand...

Exactly, that's the whole basis of why we're in this mess otherwise SISU would've walked away when we got relegated to League One
 

oldskyblue58

CCFC Finance Director
  • Nov 27, 2018
  • #582
Nick said:
Who has ever questioned it though?
Click to expand...

Not questioned it nick but not understood. Anyone who has said SISU need to put more transfer money in, SISU have had a change of heart, SISU should stop the legals etc ........... They look at it from a CCFC point of view that is not understanding SISU
 

Nick

Administrator
  • Nov 27, 2018
  • #583
JamesCCFC said:
Well this is where I don't get their logic. Like I said they're probably playing on the fact that if he was close to walking away once then he's more than likely to potentially walk away a second time. But that's such a huge gamble to take because as you've said, they're probably going to have to pay legal reparations anyway so it's hardly any skin off his back really from a financial POV in the long term. If SISU won I think he'd almost definitely walk away but to put it simple terms there's no chance in hell of that happening.
Click to expand...

If they want him to walk away there are much better ways to try and damage Wasps financially you would think that doesn't damage CCFC at the same time.

Even without them "caring" about CCFC, there would be better ways.
 
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #584
skybluetony176 said:
Walking away would be a show of strength not weakness.
Click to expand...

I don't think it's necessarily to do with strength or weakness. I think it's more simple than that. In my eyes the only reason why he'd walk away is because running Wasps is far more trouble than it's worth. At the end of the day take CCFC out of the equation. They're still putting out average crowds, aren't exactly pulling up trees in the league and are losing money hand over mouth. That combined with the legal troubles must make it a living nightmare to run.
 
Reactions: Irish Sky Blue
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #585
Nick said:
If they want him to walk away there are much better ways to try and damage Wasps financially you would think that doesn't damage CCFC at the same time.
Click to expand...

Well there are but they're stereotypical Americans aren't they and deal with issues the only way they know how. Shock and awe.
 

skybluetony176

Well-Known Member
  • Nov 27, 2018
  • #586
Reading through the replies to Simon Gilbert’s tweet and someone has thrown a random smear into the mix on Hoffman. I wonder if that means Hoffman and his consortium are planning a third bid of the back of this news?
 
S

SkyBlueCRJ

Well-Known Member
  • Nov 27, 2018
  • #587
skybluetony176 said:
Reading through the replies to Simon Gilbert’s tweet and someone has thrown a random smear into the mix on Hoffman. I wonder if that means Hoffman and his consortium are planning a third bid of the back of this news?
Click to expand...

I hope not. I'm very wary of Hoffman - no better than what we currently have now in my eyes.
 

skybluetony176

Well-Known Member
  • Nov 27, 2018
  • #588
JamesCCFC said:
I don't think it's necessarily to do with strength or weakness. I think it's more simple than that. In my eyes the only reason why he'd walk away is because running Wasps is far more trouble than it's worth. At the end of the day take CCFC out of the equation. They're still putting out average crowds, aren't exactly pulling up trees in the league and are losing money hand over mouth. That combined with the legal troubles must make it a living nightmare to run.
Click to expand...

Misread/misinterpreted your original post I think. When you said that SISU wanted to put pressure on their backer I read that as SISU’s own backer Not Wasps hedge funds backer. My mistake.
 
Reactions: SkyBlueCRJ

oldskyblue58

CCFC Finance Director
  • Nov 27, 2018
  • #589
Why jump in now ? ...... surely it would be best to sit tight? In any case Seppala wont be interested until this court action has run its course. Would be pointless putting a bid in now

skybluetony176 said:
Reading through the replies to Simon Gilbert’s tweet and someone has thrown a random smear into the mix on Hoffman. I wonder if that means Hoffman and his consortium are planning a third bid of the back of this news?
Click to expand...
 

Nick

Administrator
  • Nov 27, 2018
  • #590
JamesCCFC said:
Well there are but they're stereotypical Americans aren't they and deal with issues the only way they know how. Shock and awe.
Click to expand...
skybluetony176 said:
Reading through the replies to Simon Gilbert’s tweet and someone has thrown a random smear into the mix on Hoffman. I wonder if that means Hoffman and his consortium are planning a third bid of the back of this news?
Click to expand...




In terms of Hoffman trying for a takeover bid, not too sure what it would achieve. If anything it will just make it look like he's a pawn in the negotiating.
 
Reactions: SkyBlueCRJ

skybluetony176

Well-Known Member
  • Nov 27, 2018
  • #591
oldskyblue58 said:
Why jump in now ? ...... surely it would be best to sit tight? In any case Seppala wont be interested until this court action has run its course. Would be pointless putting a bid in now
Click to expand...

Couldn’t say. Just found it a bit random that someone brought Hoffman into the equation without a single word on SISU, CCFC,Wasps or indeed the court case which afterall was what the original tweet was about.
 

skybluetony176

Well-Known Member
  • Nov 27, 2018
  • #592
Nick said:



In terms of Hoffman trying for a takeover bid, not too sure what it would achieve. If anything it will just make it look like he's a pawn in the negotiating.
Click to expand...

It’s a very random reply and totally unconnected to the original tweet. Also I don’t think Hoffman’s involvement in Northampton Cricket club is hardly breaking news is it? Sure it’s been mentioned on here that he’s been involved for years so possibly not even an accurate reply as well as random.
 

Liquid Gold

Well-Known Member
  • Nov 27, 2018
  • #593
Hoffman, Elliott, PH IV and Dale Evans are putting a super group together.
 
Reactions: Skyblueweeman and ccfchoi87
D

Deleted member 5849

Guest
  • Nov 27, 2018
  • #594
oldskyblue58 said:
Why jump in now ? ...... surely it would be best to sit tight? In any case Seppala wont be interested until this court action has run its course. Would be pointless putting a bid in now
Click to expand...
Hasn't stopped them before!
 

Nick

Administrator
  • Nov 27, 2018
  • #595
skybluetony176 said:
It’s a very random reply and totally unconnected to the original tweet. Also I don’t think Hoffman’s involvement in Northampton Cricket club is hardly breaking news is it? Sure it’s been mentioned on here that he’s been involved for years so possibly not even an accurate reply as well as random.
Click to expand...

I never knew that but it is very random.

Even if he was going to try and takeover, still don't get the connection.
 
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