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Wasps going into admin & the impact on CCFC (9 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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Sky Blue Harry H

Well-Known Member
  • Oct 18, 2022
  • #3,711
alexccfc99 said:
Also, I thought that just in the interests of being diplomatic CCFC would have commented on todays news

The fact they haven’t probably shows how rocky the relationship was
Click to expand...

Sorted for you

https://giphy.com/kiux4l78sSgyXeIFjM
 
Reactions: duffer

skybluetony176

Well-Known Member
  • Oct 18, 2022
  • #3,712
alexccfc99 said:
Also, I thought that just in the interests of being diplomatic CCFC would have commented on todays news

The fact they haven’t probably shows how rocky the relationship was
Click to expand...
I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.
 
Reactions: duffer, Gynnsthetonic, Hiraeth and 1 other person

NortonSkyBlue

Well-Known Member
  • Oct 18, 2022
  • #3,713
Liquid Gold said:
They showed no sympathy when our staff were put out of work when they forced us to play in Birmingham.
Click to expand...
skybluetony176 said:
I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.
Click to expand...
Or it could be a double bluff. They might be just not in the market for a stadium or a sale.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 18, 2022
  • #3,714
alexccfc99 said:
Also, I thought that just in the interests of being diplomatic CCFC would have commented on todays news

The fact they haven’t probably shows how rocky the relationship was
Click to expand...
Live scenes at SISU offices:
 
Reactions: ccfcrob and Gynnsthetonic
O

OyJimmy

Member
  • Oct 18, 2022
  • #3,715
SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers
 
C

CCFCSteve

Well-Known Member
  • Oct 18, 2022
  • #3,716
skybluetony176 said:
I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.
Click to expand...

Fully expecting the usual transparent comment about us continuing with our neverending plans to build a new stadium

If not, you could be right
 
Reactions: Deleted member 5849, skybluetony176 and Sky Blue Pete
O

OyJimmy

Member
  • Oct 18, 2022
  • #3,717
Also if Wasps and CCFC belonged to one holding company then a third party might be prepared to by both ACL and the new Holding Co. As it stands it’s hard to deal with so many people
 

Terry_dactyl

Well-Known Member
  • Oct 18, 2022
  • #3,718
I for one am particularly upset about the pain inside Laurence Dellagio’s heart. Poor old Laurence Dellagio. He says he’s not good company to be with because he’s so, so sad.
If anyone deserves a nations sympathy it is him…he’s an absolute ledge.

'I'm grieving': Lawrence Dallaglio breaks silence on Wasps' demise

Wasps legend Lawrence Dallaglio has broken his silence on the RFU suspension of the club from the Gallagher Premiership on Wednesday.
www.rugbypass.com


If anyone has any heartbreaking tales of woe from James Haskell please do not post them on here. I’m afraid it would be too much for me.
 
Reactions: RegTheDonk, Bertola, clint van damme and 5 others

Gynnsthetonic

Well-Known Member
  • Oct 18, 2022
  • #3,719
skybluetony176 said:
I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.
Click to expand...
I'm trying to convince myself the same, you would of thought stuff going on, when the council did sell to Wasp, Sisu seemed to panic and were making statements left right and centre
 

Gynnsthetonic

Well-Known Member
  • Oct 18, 2022
  • #3,720
OyJimmy said:
Also if Wasps and CCFC belonged to one holding company then a third party might be prepared to by both ACL and the new Holding Co. As it stands it’s hard to deal with so many people
Click to expand...
Wasp have finished mate, there gone, caput, won't be coming back.
 
Reactions: RegTheDonk, MusicDating and Wiseoldfool

jordan210

Well-Known Member
  • Oct 18, 2022
  • #3,721
 
Reactions: djr8369, RegTheDonk, Colin Steins Smile and 1 other person
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 18, 2022
  • #3,722
OyJimmy said:
SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers
Click to expand...
OyJimmy said:
Also if Wasps and CCFC belonged to one holding company then a third party might be prepared to by both ACL and the new Holding Co. As it stands it’s hard to deal with so many people
Click to expand...
How’s it going Mr Richardson
 
Reactions: no_loyalty, RegTheDonk, Red House Coaches and 8 others

TomRad85

Well-Known Member
  • Oct 18, 2022
  • #3,723
skybluetony176 said:
I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.
Click to expand...
This is what they've supposedly been waiting for patiently for years now. You'd have to think something is going on... hopefully in the form of a brand new owner for club and stadium.

Sent from my SM-G973F using Tapatalk
 
Reactions: Gynnsthetonic

Nick

Administrator
  • Oct 18, 2022
  • #3,724
Terry_dactyl said:
I for one am particularly upset about the pain inside Laurence Dellagio’s heart. Poor old Laurence Dellagio. He says he’s not good company to be with because he’s so, so sad.
If anyone deserves a nations sympathy it is him…he’s an absolute ledge.

'I'm grieving': Lawrence Dallaglio breaks silence on Wasps' demise

Wasps legend Lawrence Dallaglio has broken his silence on the RFU suspension of the club from the Gallagher Premiership on Wednesday.
www.rugbypass.com


If anyone has any heartbreaking tales of woe from James Haskell please do not post them on here. I’m afraid it would be too much for me.
Click to expand...

I thought he said the finance was in great condition.

Surely as director he would have known this was happening for years?
 
Reactions: Terry_dactyl and jordan210
B

Brighton Sky Blue

Well-Known Member
  • Oct 18, 2022
  • #3,725
Nick said:
I thought he said the finance was in great condition.

Surely as director he would have known this was happening for years?
Click to expand...

That’s why they call him Doolallyo
 
Reactions: Terry_dactyl
O

oldfiver

Well-Known Member
  • Oct 18, 2022
  • #3,726
Paxman II said:
Question would be, how do you value a lease where the leaseholder has gone broke? Yes the arena may have other smaller areas of income stream, but not enough to sustain it as a going concern without the football clubs being there. You can't add value becuase you have a tenant in CCFC who could end their tenancy at any time. So value would be nominal at best, which is why the council would surely step in and nulify the lease under agreement, and then remarket the lease, or even offer the freehold perhaps?
Click to expand...

Not a valuer but I assume you start with the net income if the property fully tenanted and income producing

Then establish how long it will take to reach that target.

Then apply current investment multiples etc

WASPS inflated the value of the stadium to allow for their gates of 20,000+ and applied over say 250 years (among other things). Take that away with no obvious replacement and ...
 

Otis

Well-Known Member
  • Oct 18, 2022
  • #3,727
Terry_dactyl said:
I for one am particularly upset about the pain inside Laurence Dellagio’s heart. Poor old Laurence Dellagio. He says he’s not good company to be with because he’s so, so sad.
If anyone deserves a nations sympathy it is him…he’s an absolute ledge.

'I'm grieving': Lawrence Dallaglio breaks silence on Wasps' demise

Wasps legend Lawrence Dallaglio has broken his silence on the RFU suspension of the club from the Gallagher Premiership on Wednesday.
www.rugbypass.com


If anyone has any heartbreaking tales of woe from James Haskell please do not post them on here. I’m afraid it would be too much for me.
Click to expand...
Maybe we could start a book of condolence. Candlelit vigil?
 
Reactions: Terry_dactyl

Otis

Well-Known Member
  • Oct 18, 2022
  • #3,728
Otis said:
Maybe we could start a book of condolence. Candlelit vigil?
Click to expand...
 
Reactions: no_loyalty, AOM, Terry_dactyl and 2 others

MalcSB

Well-Known Member
  • Oct 18, 2022
  • #3,729
OyJimmy said:
SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers
Click to expand...

Absolutely not!
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 18, 2022
  • #3,730
What I still can’t believe is there’s still no anger aimed at the people who got them in this mess - Richardson, Eastwood and Vaughan.

still Saracens, Exeter’s the RFU,the Premiership, cov fans, SISUs fault
 
Reactions: Frostie, MusicDating, Skyblueweeman and 7 others

Saddlebrains

Well-Known Member
  • Oct 18, 2022
  • #3,731
I've never enjoyed twitter as much as i have the last couple of weeks

Like shooting fish in a barrel
 
Reactions: SkyBlueCharlie9, Skyblueweeman, ccfcrob and 1 other person

MusicDating

Euro 2016 Prediction League Champion!!
  • Oct 18, 2022
  • #3,732
skybluetony176 said:
I’m thinking the fact that we haven’t commentated means our owners aren’t stirring the pot which in actual fact could mean something is happening behind the scenes. Historically SISU only seem to say something when they want to pretend they’re doing something. When they are doing something they stay quiet about it.
Click to expand...
They're like a bloke in the pub saying 'I'm going to punch you now', never happens. It's the 'no announcement, bang and you're on the deck' ones you've got to be wary of!

Having said that I'll be absolutely flabbergasted if SISU even bid.
 

Nick

Administrator
  • Oct 18, 2022
  • #3,733
Surely it's not as straight forward as somebody buying anything just yet?

ACL2006 will need to go into admin first and then see what happens whether the lease is reduced back to 50 years and to the council or if the administrator sells it to pay the bondholders back.
 

Sky Blue Pete

Well-Known Member
  • Oct 18, 2022
  • #3,734
That would be funny us all wearing black armbands tomorrow evening
 
Reactions: no_loyalty, SkyBlueSam01, Skyblueweeman and 5 others

SHUNT31

Well-Known Member
  • Oct 18, 2022
  • #3,735
Nick said:
Surely it's not as straight forward as somebody buying anything just yet?

ACL2006 will need to go into admin first and then see what happens whether the lease is reduced back to 50 years and to the council or if the administrator sells it to pay the bondholders back.
Click to expand...

I think if ACL go into admin the council will be forced to revoke the lease. If that happens, would the administrator be able to sell the lease? Not sure.


Sent from my iPhone using Tapatalk
 

fernandopartridge

Well-Known Member
  • Oct 18, 2022
  • #3,736
OyJimmy said:
SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers
Click to expand...
Illogical

Sent from my SM-G935F using Tapatalk
 
Reactions: stupot07, torchomatic and Otis

Otis

Well-Known Member
  • Oct 18, 2022
  • #3,737
Sky Blue Pete said:
That would be funny us all wearing black armbands tomorrow evening
Click to expand...
Yup. Maybe we could all stitch on a smiling emoji on them too.
 

Terry_dactyl

Well-Known Member
  • Oct 18, 2022
  • #3,738
Otis said:
Maybe we could start a book of condolence. Candlelit vigil?
Click to expand...
A statute outside the stadium?
 
Reactions: Elvis Pressley and Otis

duffer

Well-Known Member
  • Oct 18, 2022
  • #3,739
OyJimmy said:
SISU should consider the option of buying Wasps by offering Wasps Creditors shares in the Club and some cash (if feasible). By unifying the two companies they take one party out of the equation when trying to take control of the stadium.

ACL don’t need Coventry City to survive. But they wouldn’t want to lose Wasps and Cov… Strength in numbers
Click to expand...

Interesting time to join the forum, eh. Edit: Apologies, should have said join the conversation, apparently you've been here for a while. Think you've mis-read the room a bit though.

Anyhow, if you've been following the news, Wasps already are out of the equation.

(Also, perhaps read thread from start if you're a bit confused about CCFC fans opinions regarding Wasps.)

HTH. Bye.
 
Last edited: Oct 18, 2022
Reactions: Red House Coaches, Skyblueweeman, stupot07 and 1 other person

Grendel

Well-Known Member
  • Oct 18, 2022
  • #3,740
duffer said:
Interesting time to join the forum, eh.

Anyhow, if you've been following the news, Wasps already are out of the equation.

(Also, perhaps read thread from start if you're a bit confused about CCFC fans opinions regarding Wasps.)

HTH. Bye.
Click to expand...

he first posted in 2013
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 18, 2022
  • #3,741
MusicDating said:
They're like a bloke in the pub saying 'I'm going to punch you now', never happens. It's the 'no announcement, bang and you're on the deck' ones you've got to be wary of!

Having said that I'll be absolutely flabbergasted if SISU even bid.
Click to expand...

I think Seppala is locked in a drinking contest with Ashley in the Tavern. First one to chunder into a fireplace loses
 
Reactions: better days, RegTheDonk, MusicDating and 1 other person

shmmeee

Well-Known Member
  • Oct 18, 2022
  • #3,742
So was there a Labour Group meeting last night or not?
 

skybluetony176

Well-Known Member
  • Oct 18, 2022
  • #3,743
riyadhskyblue said:
Or it could be a double bluff. They might be just not in the market for a stadium or a sale.
Click to expand...
Or what’s going on behind the scenes is bigger than SISU?

Obviously I have no idea what is going on but my observation based on history is when they have a fantasy to sell you can’t shut them up, when something is actually going on behind the scenes they tend to be quite until there’s actually something tangible to say.
 
Reactions: Hiraeth, MusicDating and duffer

Otis

Well-Known Member
  • Oct 18, 2022
  • #3,744
shmmeee said:
So was there a Labour Group meeting last night or not?
Click to expand...
First rule of Labour Group meetings is you don't talk about Labour Group meetings.
 
Reactions: TwistAndShoutCCFC1987, ccfcchris, Hiraeth and 10 others

Saddlebrains

Well-Known Member
  • Oct 18, 2022
  • #3,745
Why do they try and argue when they dont even know the situation?

 
Reactions: SBQuin, no_loyalty, GaryJones and 12 others
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