Conversely are CCFC.It is a well known fact by all of us that the current lease holders of the Ricoh are refusing to hold talks on a playing extension while court action is pending.
We as a club are looking like being homeless again by the 2018/19 season and as we don't seem to have a pot too piss in , the very future of this club is now in serious doubt.
The telegraph report today asks the question "have wasps broken the terms of the lease regarding detrimental effects on the football club"
I seem to remember when the jr2 was originally mentioned they informed us that relations between the two parties would not be affected as the football club had every right to do what it felt was right.
Disregarding what we all think of the current owners ,
1 . Have wasps broken the terms of the original lease ?
2 . Should ccc be reminding them of the terms and making sure they are adhered to.
Just for pr then?I would think that Wasps are adhering strictly to the rental agreement taken on. The Wasps commitment to CCFC it could be argued starts and finishes with CCFC's commitment to actually be there. That ends August next year. It is not up to Wasps to give CCFC extra or to protect CCFC business or to not go out in to the community in case it damages CCFC potential
They have provided I would think exactly what was contractually agreed to by CCFC. If it is not in the contract it isn't worth jack. So councillors assurances place no duty on WAsps unless it was in the sale contract and I doubt it was
Yes nick, those conditions.
Look at it another way , SISU do not have to remain owners of the club to continue the action , therfore if they left tomorrow would wasps then be happy to restart talks ?
If they did it would make a mockery of their current stance as SISU would undoubtedly still pursue the claim regardless, after all they keep insisting it is not the football club itself which is bringing the action.
Spot on the only way this is going to be sorted is for the football league/FA to get REALLY involved. Not just lip service but ACTION Threat to take away the golden share as the current holders of that said share are NOT using it properly. !!!It begs the question are Sisu bothered about what happens in 12 months time?
No academy plans
No ground agreement
No manager at end of season
Relegated and about £1k season tickets if lucky
Majority of squad either shyte or out of contract
The ones worth anything such as Stephenson will no doubt be flogged in the summer and replaced with "Experienced players suited to getting us out of this league"
The club needs funding so more cuts to playing squad etc
The FA need to stop Sisu in their tracks before this season ends and get them to show what plans are in place for 12 months time as it will be too late to save us. If nothing is in concrete or signed then they should take the golden share off them before they fold us. (Wont happen I know as they are spineless).
Yes nick, those conditions.
Look at it another way , SISU do not have to remain owners of the club to continue the action , therfore if they left tomorrow would wasps then be happy to restart talks ?
If they did it would make a mockery of their current stance as SISU would undoubtedly still pursue the claim regardless, after all they keep insisting it is not the football club itself which is bringing the action.
It will be a negotiation tactic, a few people from different places have said it's not about the legal action and it's due to terms. (Again just rumours).If CCFC were under completely unrelated new ownership and with the likes of Fisher/Venus/Dearing gone why wouldn't Wasps talk to the new CCFC? Doesn't mean there would be a deal agreed of course.
As it stands CCFC is the trading name of Otium and Otium is named on the front page of the court docs for JR2 as claimant. How are the club not involved? If they are not involved how hard is it to remove Otium as a claimant?
As it stands Wasps are putting pressure on CCFC by refusing to talk and winding the clock down , its a negotiating position aimed at CCFC/Otium/SISU. I do not see the panic on this just yet that is being stirred up
Doesn't that depend on sale value? That debt would be part of the agreement.While CCFC exists the debts owed by CCFC to SISU companies are an asset on the books of those SISU companies (I think)
If CCFC is sold those debts are lost and the asset becomes a loss (again I presume)
I think in real basic terms, if they are bad debts, i.e. Sisu never think they will get the money back. Then yes, they would lose their right to recover those 'bad debts' but they would also wipe out all other liabilities, so third party debts.Can you please explain to a non-accountant, why SISU would put us in to administration to write of all the debts which are due to SISU related compnies?
Edit In response to Bigadami
I think in real basic terms, if they are bad debts, i.e. Sisu never think they will get the money back. Then yes, they would lose their right to recover those 'bad debts' but they would also wipe out all other liabilities, so third party debts.
If CCFC were under completely unrelated new ownership and with the likes of Fisher/Venus/Dearing gone why wouldn't Wasps talk to the new CCFC? Doesn't mean there would be a deal agreed of course.
As it stands CCFC is the trading name of Otium and Otium is named on the front page of the court docs for JR2 as claimant. How are the club not involved? If they are not involved how hard is it to remove Otium as a claimant?
As it stands Wasps are putting pressure on CCFC by refusing to talk and winding the clock down , its a negotiating position aimed at CCFC/Otium/SISU. I do not see the panic on this just yet that is being stirred up
Yes but I can't see that the football club is worth the value of the debt.Doesn't that depend on sale value? That debt would be part of the agreement.
Apparently they are not true - it's all up to date. Gilbert said it was all fine on that score, which must have really pained him.Conversely are CCFC.
Rumours of rent unpaid?
Like Wasps, CCC are just sitting back and watching CCFC self destruct.I'm not sure that CCC will be at all bothered about it, they seem to detest the football club and are determined to turn the city into the 'city of rugby'.
Like Wasps, CCC are just sitting back and watching CCFC self destruct.
Mark my previous words, when CCFC folds Wasps will just buy the name and be seen as saviors of the club and enable them to cut CCFC costs with shared facilities.
Fans expectations will be rock bottom by then so Wasps will have a few years of grace before fans expect more.
I'm not sure that CCC will be at all bothered about it, they seem to detest the football club and are determined to turn the city into the 'city of rugby'.
As I said they are waiting for us to do exactly that.Do you have a Google Alert setup when something negative is posted on here about the franchise? You're majorly deluded, there would nothing in them buying in the club and they would rather see us go out of business.
You're the only poster on this forum who is happy that they moved into the city....you have zero credibility and we're all still waiting for the JLR announcement you were bleating on about.As I said they are waiting for us to do exactly that.
We will go out of business at some point and the name will be picked up for a song.
I must have missed the negativity against Wasps in this post.
Delusion is with you by refusing to see the reality of the situation.
Try calling them Wasps might be a start ?
Your one of a few that keep saying that.You're the only poster on this forum who is happy that they moved into the city....you have zero credibility and we're all still waiting for the JLR announcement you were bleating on about.
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