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Wasps action (4 Viewers)

  • Thread starter CJ_covblaze
  • Start date Feb 24, 2019
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shmmeee

Well-Known Member
  • Feb 25, 2019
  • #211
Deleted member 5849 said:
Back in the day, when they took over, I found all sorts of reports about just this type of tactic made by a hedge fund. I want to say it was indeed SISU, but time (and watching lawyers!) means I won't, as I don't have access to the same databases to check.

It all played out remarkably like it is now - you probably don't want to know the ending!
Click to expand...

 
Reactions: Captain Dart, oldskyblue58 and Deleted member 5849

oldskyblue58

CCFC Finance Director
  • Feb 25, 2019
  • #212
Yes but arvo are one of the claimants so there maybe some sort of action to recover say ryton from arvo that a court may permit. However I don't have a commercial barristers knowledge to know for certain. It could all get very messy and take years
 
D

Deleted member 5849

Guest
  • Feb 25, 2019
  • #213
shmmeee said:
Click to expand...
About right!

FWIW, if I (a PhD student in a nondescript subject) could find out such things with a few clicks of a button, it's why I refuse to accept claims of naivety from so-called financial whizzes, who claim mistakes in associating with SISU.
 
Reactions: shmmeee

letsallsingtogether

Well-Known Member
  • Feb 25, 2019
  • #214
pastythegreat said:
Is it??

Sent from my SM-G955F using Tapatalk
Click to expand...
Yes why??
 

I_Saw_Shaw_Score

Well-Known Member
  • Feb 25, 2019
  • #215
 
Reactions: GaryMabbuttsLeftKnee, Iancro, slyblue57 and 7 others

Gynnsthetonic

Well-Known Member
  • Feb 25, 2019
  • #216
Who are SISUs investors, could they be previous directors and some current CCFC directors and local powerful businessmen from the area who are trying to distress Wasps, as I’ve heard they are not far from admin themselves unless a deal is done with CCFC. Is it a case of Wasps and CCC making a last ditch attempt before there investment goes tits up and in jump SISU. One big game of Poker.
CCC even before SISU never wanted to sell the arena and I have a feeling that some former directors and local highly influential people may secretly be SISU investors wanting to reunite the club with the stadium. I have heard this rumour only recently.
 

Nick

Administrator
  • Feb 25, 2019
  • #217
Gynnsthetonic said:
Who are SISUs investors, could they be previous directors and some current CCFC directors and local powerful businessmen from the area who are trying to distress Wasps, as I’ve heard they are not far from admin themselves unless a deal is done with CCFC. Is it a case of Wasps and CCC making a last ditch attempt before there investment goes tits up and in jump SISU. One big game of Poker.
CCC even before SISU never wanted to sell the arena and I have a feeling that some former directors and local highly influential people may secretly be SISU investors wanting to reunite the club with the stadium. I have heard this rumour only recently.
Click to expand...

Why would loads of local businessmen be secret SISU investors?

I am not sure that adds up.
 
Reactions: shmmeee
S

SkyblueBazza

Well-Known Member
  • Feb 25, 2019
  • #218
Gynnsthetonic said:
Who are SISUs investors, could they be previous directors and some current CCFC directors and local powerful businessmen from the area who are trying to distress Wasps, as I’ve heard they are not far from admin themselves unless a deal is done with CCFC. Is it a case of Wasps and CCC making a last ditch attempt before there investment goes tits up and in jump SISU. One big game of Poker.
CCC even before SISU never wanted to sell the arena and I have a feeling that some former directors and local highly influential people may secretly be SISU investors wanting to reunite the club with the stadium. I have heard this rumour only recently.
Click to expand...
Atm I am thinking the chances of your suggestion being accurate are pretty remote. No real idea why coz anything is possible in this fiasco...just my gut-feeling.

Sent from my SM-G935F using Tapatalk
 

Gynnsthetonic

Well-Known Member
  • Feb 25, 2019
  • #219
In a way of staying involved with the club without being known after the 2007 SISU takeover. Maybe have a grievance with the greedy CCC for charging silly rent money which was forcing the club into admin until SISU arrived. I remember listening to Paul Fletcher on the radio absolutely slating the council for basically holding the club to ransom.
 

Nick

Administrator
  • Feb 25, 2019
  • #220
Gynnsthetonic said:
In a way of staying involved with the club without being known after the 2007 SISU takeover. Maybe have a grievance with the greedy CCC for charging silly rent money which was forcing the club into admin until SISU arrived. I remember listening to Paul Fletcher on the radio absolutely slating the council for basically holding the club to ransom.
Click to expand...

Investing in SISU isn't necessarily being involved in the club.

That is whole different discussion though but I am not sure that scenario is that viable.
 
B

Brighton Sky Blue

Well-Known Member
  • Feb 25, 2019
  • #221
Gynnsthetonic said:
In a way of staying involved with the club without being known after the 2007 SISU takeover. Maybe have a grievance with the greedy CCC for charging silly rent money which was forcing the club into admin until SISU arrived. I remember listening to Paul Fletcher on the radio absolutely slating the council for basically holding the club to ransom.
Click to expand...

Nothing to do with Fletch allowing Micky Adams to spend 6 figure sums on Kevin Kyle and Chris Birchall
 

SBS

Active Member
  • Feb 26, 2019
  • #222
I struggle to keep up with who takes what on a match day but if it only affects Wasps...

Why not a full boycott of food and drink at the next home game?
 
Reactions: pastythegreat

christonabike

Well-Known Member
  • Feb 26, 2019
  • #223
SBS said:
I struggle to keep up with who takes what on a match day but if it only affects Wasps...

Why not a full boycott of food and drink at the next home game?
Click to expand...
Just looked at "The Mill" pub thats situated in the main entrance. £18 for a gourmet burger and a pint of Purity ale! FFS I will give that a miss anyday.:wideyed:
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Feb 26, 2019
  • #224
Brighton Sky Blue said:
Nothing to do with Fletch allowing Micky Adams to spend 6 figure sums on Kevin Kyle and Chris Birchall
Click to expand...
Wasn’t that made previously by selling McSheffrey?

That rent was horrendous and the council refused to budge on it. If I remember we tried to have it scaling dependant on what league we were in
 
C

CV22SBA

Well-Known Member
  • Feb 26, 2019
  • #225
Gynnsthetonic said:
Who are SISUs investors, could they be previous directors and some current CCFC directors and local powerful businessmen from the area who are trying to distress Wasps, as I’ve heard they are not far from admin themselves unless a deal is done with CCFC. Is it a case of Wasps and CCC making a last ditch attempt before there investment goes tits up and in jump SISU. One big game of Poker.
CCC even before SISU never wanted to sell the arena and I have a feeling that some former directors and local highly influential people may secretly be SISU investors wanting to reunite the club with the stadium. I have heard this rumour only recently.
Click to expand...
Haven’t Wasps lost a few key players recently too as they can’t afford the wages being offered by other clubs. I was reading the other day about Nathan Hughes before the England v France six nations match and he is also leaving Wasps in the summer to join Bristol as Wasps couldn’t match his £500K per year deal that Bristol were offering.
 

Ian1779

Well-Known Member
  • Feb 26, 2019
  • #226
CV22SBA said:
Haven’t Wasps lost a few key players recently too as they can’t afford the wages being offered by other clubs. I was reading the other day about Nathan Hughes before the England v France six nations match and he is also leaving Wasps in the summer to join Bristol as Wasps couldn’t match his £500K per year deal that Bristol were offering.
Click to expand...

CCFC AND Wasps are run by the same type of people. Wasps are better at the PR bit. Wasps have actually tried to do what SISU did in terms of a quick investment (mostly of other peoples money!!) to garner success on the pitch. Like SISU it would appear that this tactic has not worked at all. So now where do they go, realistaically they will go another season without any success, budgets down, players go. They are potentially in a precarious position too.

If we actually put them under pressure too through protests at their games or something, we might see a change of approach.
 

pastythegreat

Well-Known Member
  • Feb 26, 2019
  • #227
SBS said:
I struggle to keep up with who takes what on a match day but if it only affects Wasps...

Why not a full boycott of food and drink at the next home game?
Click to expand...
And parking too

Sent from my SM-G955F using Tapatalk
 

SBS

Active Member
  • Feb 26, 2019
  • #228
pastythegreat said:
And parking too

Sent from my SM-G955F using Tapatalk
Click to expand...
I thought the football club made money out of match day parking? I might be wrong though - like I said, I can’t keep up!

Wasps are the ones who can easily affect our situation, they need to be targeted. Specific aims and objectives rather than just “get national press coverage”.
 

shmmeee

Well-Known Member
  • Feb 26, 2019
  • #229
Ian1779 said:
CCFC AND Wasps are run by the same type of people. Wasps are better at the PR bit. Wasps have actually tried to do what SISU did in terms of a quick investment (mostly of other peoples money!!) to garner success on the pitch. Like SISU it would appear that this tactic has not worked at all. So now where do they go, realistaically they will go another season without any success, budgets down, players go. They are potentially in a precarious position too.

If we actually put them under pressure too through protests at their games or something, we might see a change of approach.
Click to expand...

Wasps owners are just like Sisu

...

I’m sure a protest will work.

I hate to say it but the hedge funds aren’t going to listen to us. It’ll all be financially driven.

If we want to protest the EFL is the best place to start.

A message around “don’t let the money men ruin sport” night even get wider support and discussion.
 
Reactions: fernandopartridge

pastythegreat

Well-Known Member
  • Feb 26, 2019
  • #230
SBS said:
I thought the football club made money out of match day parking? I might be wrong though - like I said, I can’t keep up!

Wasps are the ones who can easily affect our situation, they need to be targeted. Specific aims and objectives rather than just “get national press coverage”.
Click to expand...
I think the club make money on all F&B and parking. But it's minimal compared to what w**ps make.
We wouldn't make out percentage but surely w**ps would lose more, they'd lose their (bigger) percentage plus they'd lose out on all the food they'll bring in and cook that won't be sold.

Sent from my SM-G955F using Tapatalk
 

Ian1779

Well-Known Member
  • Feb 26, 2019
  • #231
shmmeee said:
Wasps owners are just like Sisu

...

I’m sure a protest will work.

I hate to say it but the hedge funds aren’t going to listen to us. It’ll all be financially driven.

If we want to protest the EFL is the best place to start.

A message around “don’t let the money men ruin sport” night even get wider support and discussion.
Click to expand...

You are probably right, but the one thing that Wasps won’t want is bad PR - it’s the one thing they think they’ve got right since coming to Cov. Imagine a bunch of CCFC fans making a load of noise singing our songs at one of their games? It would get noticed!!
 
Reactions: Sky Blue Pete and shmmeee

shmmeee

Well-Known Member
  • Feb 26, 2019
  • #232
Ian1779 said:
You are probably right, but the one thing that Wasps won’t want is bad PR - it’s the one thing they think they’ve got right since coming to Cov. Imagine a bunch of CCFC fans making a load of noise singing our songs at one of their games? It would get noticed!!
Click to expand...

If it can be done it should don’t get me wrong. I’m just not hopeful
 
Reactions: Ian1779
S

Seaside-Skyblue

Well-Known Member
  • Feb 26, 2019
  • #233
Out of interest what would be the result if say CCC lost the case? Would it just be a financial payout or would sisu actually get a claim on the ricoh? Genuinely don't know. Just wondering what the prize is for doing this.

Sent from my SM-A310F using Tapatalk
 

Gynnsthetonic

Well-Known Member
  • Feb 26, 2019
  • #234
There are disgruntled former directors who feel aggrieved by the council for claiming that the Arena was theres to be used as a cash cow by charging extortionate rent and making money off the events. That ground was built for CCFC and CCFC alone and the councils actions are a disgrace. My theory is and is only a theory is that SISUs backers are maybe highly influention people with links to the football club and are behind SISU with there investment. We don’t know who SISUs backers are or how do you invest in them
 

Nick

Administrator
  • Feb 26, 2019
  • #235
Gynnsthetonic said:
There are disgruntled former directors who feel aggrieved by the council for claiming that the Arena was theres to be used as a cash cow by charging extortionate rent and making money off the events. That ground was built for CCFC and CCFC alone and the councils actions are a disgrace. My theory is and is only a theory is that SISUs backers are maybe highly influention people with links to the football club and are behind SISU with there investment. We don’t know who SISUs backers are or how do you invest in them
Click to expand...

You keep saying this but it doesn't really add up.

Which ex directors?
 

Gynnsthetonic

Well-Known Member
  • Feb 26, 2019
  • #236
It’s only a theory but we don’t know has invested in SISU, what about Robinson, The Mcginnity family, Richardson, Ransom, Hoffman, John Clarke and more. We don’t know, that is the thing with SISU but is only a theory. What i am trying to say Nick is neither you or I know nothing still to this day who there investors are!
 

Nick

Administrator
  • Feb 26, 2019
  • #237
Gynnsthetonic said:
It’s only a theory but we don’t know has invested in SISU, what about Robinson, The Mcginnity family, Richardson, Ransom, Hoffman, John Clarke and more. We don’t know, that is the thing with SISU but is only a theory. What i am trying to say Nick is neither you or I know nothing still to this day who there investors are!
Click to expand...

Hoffman should be after a job on Corrie if he is investing in SISU, surely?

Then, why would they be piling money into SISU to fund legals against CCC to show backing for the club?
 
Reactions: Deleted member 5849
L

Limey

Well-Known Member
  • Feb 26, 2019
  • #238
I_Saw_Shaw_Score said:
Click to expand...
Like this. I'd go as far as saying Tenants in Our City.
 
Reactions: I_Saw_Shaw_Score

Gynnsthetonic

Well-Known Member
  • Feb 26, 2019
  • #239
Nick said:
Hoffman should be after a job on Corrie if he is investing in SISU, surely?

Then, why would they be piling money into SISU to fund legals against CCC to show backing for the club?
Click to expand...
Because they want the ground back in the hands of the football club. The stadium was not intended to be given away to a London based Rugby club playing in front of 6000 supporters with half of them getting in free, it was not to be used by the council as a cash cow. That Arena was built for CCFC and CCFC only and to see CCFC sustainable in the premier league. CCC have screwed this club over!
 
Reactions: SkyBlueZack

chiefdave

Well-Known Member
  • Feb 26, 2019
  • #240
SBS said:
I thought the football club made money out of match day parking? I might be wrong though - like I said, I can’t keep up!
Click to expand...
They do, someone posted it up recently and it worked out to the club getting a few pence for every tenner spent on parking.

Seems more like it was done so ACL could look good by saying CCFC now make money off other revenue streams when in reality we get a few crumbs.
 
Reactions: pastythegreat

pastythegreat

Well-Known Member
  • Feb 26, 2019
  • #241
I_Saw_Shaw_Score said:
Click to expand...
Love this. Just shared it via Insta and Twitter.
Let's get this trending

Sent from my SM-G955F using Tapatalk
 

Captain Dart

Well-Known Member
  • Feb 26, 2019
  • #242
Gynnsthetonic said:
Who are SISUs investors, could they be previous directors and some current CCFC directors and local powerful businessmen from the area who are trying to distress Wasps, as I’ve heard they are not far from admin themselves unless a deal is done with CCFC. Is it a case of Wasps and CCC making a last ditch attempt before there investment goes tits up and in jump SISU. One big game of Poker.
CCC even before SISU never wanted to sell the arena and I have a feeling that some former directors and local highly influential people may secretly be SISU investors wanting to reunite the club with the stadium. I have heard this rumour only recently.
Click to expand...
From what you can easily find online it is likely to be a group of very wealthy American business associates of Seppala and her husband hiding behind the anonimity of a Cayman Islands registered business. I give no credence to the local connection.
 
Reactions: RegTheDonk and shmmeee

Nick

Administrator
  • Feb 26, 2019
  • #243
Gynnsthetonic said:
Because they want the ground back in the hands of the football club. The stadium was not intended to be given away to a London based Rugby club playing in front of 6000 supporters with half of them getting in free, it was not to be used by the council as a cash cow. That Arena was built for CCFC and CCFC only and to see CCFC sustainable in the premier league. CCC have screwed this club over!
Click to expand...

That doesn't explain why they would pile money into SISU....
 

stevefloyd

Well-Known Member
  • Feb 26, 2019
  • #244
christonabike said:
Just looked at "The Mill" pub thats situated in the main entrance. £18 for a gourmet burger and a pint of Purity ale! FFS I will give that a miss anyday.:wideyed:
Click to expand...
To Quote your user name...Christ on a bike 18 quid for a fuckin burger...ha ha what idiots pay that?????
 

Gynnsthetonic

Well-Known Member
  • Feb 26, 2019
  • #245
Captain Dart said:
From what you can easily find online it is likely to be a group of very wealthy American business associates of Seppala and her husband hiding behind the anonimity of a Cayman Islands registered business. I give no credence to the local connection.
Click to expand...
But you cannot find out easily online in fact not at all everything is very secret that’s what Hedge Fund investors are. And why would it be wealthy American businessmen investing in a 3rd tier English football team with no affinity to the club
 
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