duffer
Well-Known Member
And because they're leaking money like there's no tomorrow. Tena pads ain't going to cover it...
Wasps going into admin & the impact on CCFC (8 Viewers)
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And because they're leaking money like there's no tomorrow. Tena pads ain't going to cover it...
NorthernWisdom
Well-Known Member
Why would you want to renegotiate it? It might go up!
fernandopartridge
Well-Known Member
No, the sub-lease is between the sub-lessor and the sub-lessee, who they actually are is coincidental. How could somebody agree to buy all of Wasps' assets / liabilities take on a sub-lease where the terms are for negotiation after the purchase? Would anybody entering into a lease for any property sign up to allow for renegotiation in such an event? Especially where a new landlord might be in a more advantageous position than Wasps.
clint van damme
Well-Known Member
Never hated him, just thought he was a massive pillock, still do.
Sky Blue Harry H
Well-Known Member
I had been thinking more of ensuring we weren't out of pocket re: pitch repairs.
Briles
Well-Known Member
"Shall we be journalists and look into Wasps?"
"Nah, just make some headlines up to worry city fans about it"
(His concern is Doyle getting injured playing for England)
Clickbaiit wankers the mirror group are.
Seems extraordinarily convenient that HMRC has basically concluded it's course of action a couple of weeks after initial release in state of play just when bondholders finally decide to accelerate to a conclusion.
Wonder if that valuation of asset's ever gets completed now?
Wonder if that valuation of asset's ever gets completed now?
Grendel
Well-Known Member
Well we would be and there is no agreement in all probability on pitch maintenance
SheafIsGod
Well-Known Member
I also remember us playing in Northampton - was that the Wasps as well?
Coventry Rugby’s attendances have risen on average since Wasps moved here.
Your last point is about the council, not Wasps.
Can someone please explain why, as a CCFC fan, I’m supposed to hate the Wasps?
duffer
Well-Known Member
I suspect it's more to do with HMRC policy on how long they'll wait for payment before taking action.
I don't think it's a coincidence that Wasps and Worcester are both under threat from HMRC, I'd guess they've got similar filing dates for tax purposes...
jordan210
Well-Known Member
This morning's player and staff meeting
So, as we know, Wasps players and staff were called to a 9am meeting this morning to discuss the club's situation.
We understand this lasted around 20 minutes and people were told the club was in advanced talks and things will move fast with the next step - with the overall tone being a 'hopeful' one. But there is a waiting game to be played.
There was a feeling relayed that HMRC's issuing of a winding-up order came as a surprise.
Yeah must be a big surprise. Its not like wasps dint file accounts or pay the a HMRC bill.....
So, as we know, Wasps players and staff were called to a 9am meeting this morning to discuss the club's situation.
We understand this lasted around 20 minutes and people were told the club was in advanced talks and things will move fast with the next step - with the overall tone being a 'hopeful' one. But there is a waiting game to be played.
There was a feeling relayed that HMRC's issuing of a winding-up order came as a surprise.
Yeah must be a big surprise. Its not like wasps dint file accounts or pay the a HMRC bill.....
fernandopartridge
Well-Known Member
ACL (2006) has not filed for administration has it?
duffer
Well-Known Member
Coventry RFC were on an upward course before Wasps got here. Attendances increased despite them not because of them. Again the promise to play on Sundays not Saturdays, Premiership versus Championship rugby literally on your doorstep. C'mon.
The council and Wasps did a secret deal to sell our stadium. Who buys if Wasps didn't screw their own fans over to get a knock down deal? So obviously not just the council at fault.
Birmingham. You remember Birmingham. Fuck all to do with Northampton. Wasps.
I get you don't care mate, maybe joining the dots is too much effort, but some of us do.
If you're not bothered feel free to ignore them, but don't kid yourself that there aren't plenty of good reasons.
jordan210
Well-Known Member
Doesn't look like it. Just Arena Coventry Limited and Wasps Holdings Limited
Nick
Administrator
Doesn't look like it, although Richardson appointed a director last month?
There's also the Compass charge outstanding on ACL 2006?
torchomatic
Well-Known Member
Particularly with that ridiculous pony tail or whatever it is.
According to this fp.
Gynnsthetonic
Well-Known Member
What's the reason for Richardson reappointing himself I wonder?
Frostie
Well-Known Member
Had a very noticeable change of tack since leaving the Telegraph & is much the better for it.
SheafIsGod
Well-Known Member
I bet our owners and the council (which should be where our real grievances lie) are pissing themselves laughing at how the vast majority of City fans seem to follow your line of thought.
fernandopartridge
Well-Known Member
ACL is ACL (2006) parent company. ACL (2006) is the head lease holder and that's its only function I think. ACL (assumed) pays ACL 2006 £1.9m per year. The assets of ACL (2006) are subject to the charge by the Trustees mind
Nick
Administrator
Sky Blue Lind
Member
There's also the Compass one.
Sky Blue Lind
Member
Has anyone tweeted the mayor to see what his thoughts are . He seemed to be very vocal about who should pay for the pitch
Terry Gibson's perm
Well-Known Member
Good news Maton is alive he has retweeted something today maybe the W is broken on his phone
duffer
Well-Known Member
It's entirely possible to dislike all of the parties involved of course. Indeed I suspect most who really take an interest, do.
Wasps no doubt similarly love the idea that some might see them as entirely blameless, I just don't think the evidence stacks up to support that theory.
HuckerbyDublinWhelan
Well-Known Member
It’s quite easy to apportion blame to the lot
1) Council - extortionate rent, only would entertain SISU in 2007, didn’t want to sell us the Ricoh initially. Tried to get one over SISU by shafting the club
2) SISU burnt every bridge, took us to Northampton stupidly. Lack the nous or bollocks to improve the club, don’t seemingly want to sell
3) Wasps - got involved in a dispute they had no right being in, tried to secretly shaft the club whilst blaming the owners. Thought they’d got a cheap stadium and are hell bent on using our profile to get money
ultimately the council shafted us and sold Wasps a turd. They’re possibly complicit in the destruction of 2 historic sports clubs.
wasps as said, tried to take advantage of a situation they had no idea about. Much like the outside fans looking in. I have no sympathy - thet deserve everything they get.
SISUs time is up, they don’t have the funds, and have no idea how to run a championship football club.They need to sell up.
basically If Wasps destruction leads to SISU leaving and us reuniting with the stadium built for us, then so be it. They’ll be thinking the same
It is possible to get an extension to the 10 days if evidence shows funds are immediately forthcoming after the
Have HMRC actually petitioned? If not why would WASPs publicise it? This is an active decision not wholly linked to HMRC
You can pay rent under a sub lease
Also the headlease is CCC to ACL
I think it has been mentioned WASPs Holdings has a lease with ACL .
Philosorapter
Well-Known Member
Think the London rugby club was forced to take action before HMRC took action to keep themselves in business.
Philosorapter
Well-Known Member
To keep on adding extensions to the NOI without appointing administrators is going to be the tricky thing.
Without good cause it can just be looked on as a delaying tactic by the courts.
Without good cause it can just be looked on as a delaying tactic by the courts.
Conveniently trying to stifle actions of the bondholders.
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