What a drama queen
What a drama queenState of this
If anyone's sad enough to want to watch the council meeting... believe its at 2. Pre drink at 1 in preparation
Home - Coventry City Council Webcasting
Home - Coventry City Council WebcastingCoventry.public-I.tv
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Somone's never had the pleasure of MMMYou swallowed a dictionary mate?
Lucky BoyThink I'll wait for the summary, plus I think my other half has got me booked for hedge trimming duties ☹
The most likely solution is that following administration the stadium/long lease is sold* and bondholders get Xp in the pound (as I can’t see it selling for more than £35m and that’s before any professional fees). At that point the stadium will be free from any debts/liabilities…unless new owner has borrowed against it
*there might be a period of trading I guess and that’s what CCC might have to help fund. If so, they’d receive repayment of this before bondholders receive their distribution
If it's on, let's hope they lose.Only tonight's and Saturday's games cancelled so far???????? Still down to be playing on 30th October - be an interesting game with no players
The club is CANCELLED
It's a few years now since they returned to fully-pro status (having had a period as such before, before going semi-pro).Fair enough Streets just a prick then. Did they turn pro recently? Sure they were semi pro not long back
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So if it does work out as £175k a week lost, how were they ever going to be able to pay the bonds back? They would have needed a HUGE turnaround.
I'm not sure how this would work. There's a strict order of creditors, and even HMRC sit behind the bondholders. There's no obvious way that I can see of CCC jumping to the front if they loan ACL funds now or when in admin. If any subsequent deal unspooled it'd be a risk to council funds, surely?
Get your questions in to Cllr Gary Ridley on twitter ...
World class trolling there by going full in on the rugby family angle
Whats odd is wasps twitter replied to it. If I was the admin I would have f offed if not being paid
No best decision for the right reasons at the time will be the answerAre Lucas, Duggins and all the others involved in this shitshow, going to publicly apologise for all the crap that’s happened since Wasps were given the freedom of the City???
Would love to know what due diligence was done other than "not sisu"No best decision for the right reasons at the time will be the answer
Also the footfall to the Arena’s other tenants. That surely has to be measured as value to the arena. I’m sure the casino for instance is happy CCFC came back.Does that figure take into account the secondary spend? A wholistic assessment of ccfc occupancy would be more accurate, rather than a single cost centre.
Does that figure take into account the secondary spend? A wholistic assessment of ccfc occupancy would be more accurate, rather than a single cost centre.
Would love to know what due diligence was done other than "not sisu"
Would love to know what due diligence was done other than "not sisu"
Somone's never had the pleasure of MMM
Who's this fucking fanny?
Wasps Director blames RFU? ha
Wasps legend Dallaglio: We must act now to save English rugby
Former England and Wasps captain Lawrence Dallaglio has warned English rugby faces further drastic upheaval unless the RFU and Premiership Rugby come together to resolve the game’s financial plight.www.standard.co.uk
The lack of accountability is quite amazing. Seems so far they've blamed just about everyone else before themselves.
"As long as though they are getting their interest paid, which they are, and they have proper security for the bond which is in the context of this place and also the P shares, as they call it, they've got more than enough cover.
"We've not had virtually no contact from bond holders because as long as they get their interest paid and let their money back at the end of the bond, what the profits are, are not necessarily of primary concern for them."
There's a few on Facebook and Twitter by the looks giving the faux sadness over the redundancies. It's not ideal for them obviously but people get made redundant every day, people who don't work for parasites and I absolutely will not have my enjoyment over Wasps going pop being spoiled by a few social media suck ups.Who's this fucking fanny?
Her lady garden? Never see Monty Don giving tips on this subject.Think I'll wait for the summary, plus I think my other half has got me booked for hedge trimming duties ☹
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