Gynnsthetonic
Well-Known Member
Why would Richardson want to keep hold of the arena, thought he might just want to wash his hands with it and move on to something else.
Nobody is going to do that. Why would you?adds fuel to the fire on the rumour around someone buying both clubs is waiting in the wings to sweep up the ground and both teams.
Wasps have no potential in the current system, you'd be better off buying CRFCNobody is going to do that. Why would you?
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It sounds o me a lot of so called terms were based on handshakes and trust
I tend to look at the idea that if Wasps are allegedly talking to other parties for investment, they’ll be looking to sell. If that’s the case I think they’re eyeing us up to.The idea that someone is waiting in the wings to buy us when the stadium becomes available seems a lot more like hope than expectation.
Or merge with WorcesterDoes anyone think this could be something to do with the Alexander Stadium in Birmingham? I remember seeing a rumour Wasps were interested. Could admin and restarting again at a smaller venue be viable?
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Now, there's certainly a logic in economies of scale, getting the stadium used more than one day a week for one team. The problem in that respect has been that Wasps have been set up as primary user, whereas it needs to be flipped really. Isn't easy, and of course the teams have had difficulties, but Swansea, Hull, Huddersfield etc manage to run a Rugby team in the ground alongside the football team.Nobody is going to do that. Why would you?
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I tend to look at the idea that if Wasps are allegedly talking to other parties for investment, they’ll be looking to sell. If that’s the case I think they’re eyeing us up to.
Didn’t OSB say they’ve roughly put in 18m of their own money (might be wrong)Yes but we have an owner to reportedly wants a ridiculous sum or wants to stick around. The thing that stops us being bought isn’t the CBS it’s Sisu.
Can't see anybody paying nowhere near that and why would anyone want WaspDidn’t OSB say they’ve roughly put in 18m of their own money (might be wrong)
I reckon you could get the lot - CCFC, ACL and Wasps for around 60-70m
if someone offered 30m for the club I think SISU would be gone
My take on recent events is the move towards administration is:I would have thought the cleanest way out is to sell ACL & IEC rather than the group actually going in to administration
ACL owns the lease, is the part that generates income and under a specialist stadium owner could perhaps turn profits. Would leave ccfc and wasps with leases to be there so there is worth there for a new owner. Any sum wasps holdings receives could be applied to the bond and other charges.
Wasps holdings needs to raise much more than 35m. Could the stadium be sold for a suitable sum ?
Just a thought but if ccfc paid for the pitch under administration would be an unsecured creditor I assumemaybe not going to get it back?
Strange that Richardson was reappointed a director of acl in August 2022
He is a bit of a bell so that adds up. But the point still stands for any Cov fans.jd is a utd fan
Depends if you’re in a sports investor, Championship sides with a stadium have gone for between 50-80m.Can't see anybody paying nowhere near that and why would anyone want Wasp
....with no debt.....My money is on Wasps surviving, escaping relegation and still being leaseholder at the CBS this time next year.
....with no debt.....
Do they wanna be in my gang my gang!
My money is on Wasps surviving, escaping relegation and still being leaseholder at the CBS this time next year.
This morning, HMRC made a decision to give their intention to issue a winding-up order against the club for outstanding monies owed. Due to this, the board have taken the decision to enter a Notice of Intention to Appoint an Administrator (NOI).
This is not the same as entering into administration, but it is a method by which the club and business can continue to trade whilst it finalises its negotiations with regards to the refinance package which the board have been working on.
Clearly this is an unsettling time for all involved, however, at this present moment in time there is no change to daily operations and we have been informed that there is no reason why salaries due next week should not be paid as expected.
What this process will do is protect the business in the short-term, to give it an opportunity to complete the refinance process.
We have arranged for our restructuring partner, FRP, together with board members, to be available at the training ground in person tomorrow to answer any questions directly.
I don't know either Nick.... but we know there has been a lot of prep for this, murky waters around all of the different companies/arms of "Wasps", Derek Richardson and his money (can't remember where I posted, but was told sunsay he still has cash and could, if he wanted, pay the bond)I just can't see how they would happen though.
If they have secured Bonds on the Lease, not sure they can move the lease to a different company and then go into admin and then just come back the same with a new company with the lease but no bonds.
That's potentially fraud?
"Restructuring partner"?Not sure if this got posted
Message sent to players and staff
This is what Wasps players and staff received yesterday evening...
Not sure if this got posted
Message sent to players and staff
This is what Wasps players and staff received yesterday evening...
I just can't see how they would happen though.
If they have secured Bonds on the Lease, not sure they can move the lease to a different company and then go into admin and then just come back the same with a new company with the lease but no bonds.
That's potentially fraud?
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