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Wasps going into admin & the impact on CCFC (3 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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slowpoke

Well-Known Member
  • Oct 23, 2022
  • #4,656
Grendel said:
Is it less than a week to go before the administration is confirmed for the arena?

still no even serious rumours about a buyer before that happens
Click to expand...
The itk who told me over a month ago exactly what was happening re. Wasps and has, and told me what will happen regards the stadium fingers crossed on that, and then the big one sisu, I’m hopeful of a happy xmas.
 
Reactions: djr8369 and Skybluedownunder
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,657
shmmeee said:
So is that when funding is needed from? I’m very confused. Why all the talk of the council having to provide emergency funding last week and Duggins saying it’s down to bidders and he hopes it doesn’t go to admin?
Click to expand...

He means an uncontrolled Admin with no agreed terms and buyers. CCCs biggest nightmare which is why they have dragged the Bondholders along so long.
 
Reactions: Brighton Sky Blue
R

robbiethemole

Well-Known Member
  • Oct 23, 2022
  • #4,658
At least any bidder won't have to worry about dumping Wasps off now, just buy the arena with a sitting tenant
 
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,659
slowpoke said:
The itk who told me over a month ago exactly what was happening re. Wasps and has, and told me what will happen regards the stadium fingers crossed on that, and then the big one sisu, I’m hopeful of a happy xmas.
Click to expand...

No sign of SISU doing anything. I wouldn't either at this stage until ground sorted.
 
Reactions: Bernie Rhodes Nose

slowpoke

Well-Known Member
  • Oct 23, 2022
  • #4,660
Why would they ?
 

shmmeee

Well-Known Member
  • Oct 23, 2022
  • #4,661
oldfiver said:
He means an uncontrolled Admin with no agreed terms and buyers. CCCs biggest nightmare which is why they have dragged the Bondholders along so long.
Click to expand...

Yes I get that. But it still doesn’t answer my question about funding.
 
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,662
robbiethemole said:
At least any bidder won't have to worry about dumping Wasps off now, just buy the arena with a sitting tenant
Click to expand...

The meetings with PRU are WASPs sorting out a deal to either not be relegated or be in Championship. Also to keep the P Shares

A purchaser of ACl may want P shares as part of keeping WASPS at Arena
 
Last edited: Oct 23, 2022
Reactions: wingy

shmmeee

Well-Known Member
  • Oct 23, 2022
  • #4,663
Cant believe after almost a decade all this shite might be over in a couple of weeks.
 
Reactions: GaryMabbuttsLeftKnee and Sky Blue Pete
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,664
shmmeee said:
Yes I get that. But it still doesn’t answer my question about funding.
Click to expand...

Arena us still trading and receiving income
 

shmmeee

Well-Known Member
  • Oct 23, 2022
  • #4,665
oldfiver said:
Arena us still trading and receiving income
Click to expand...

Right, so the meeting that never was last week would likely have been in case ACL was also going into admin then cancelled when not. Do we think that delay was requested by the council more in hope than expectation of a buyer? Seems to have been very quiet on rumours outside of NEC.
 

stupot07

Well-Known Member
  • Oct 23, 2022
  • #4,666

The Times & The Sunday Times

News and opinion from The Times & The Sunday Times
www.thetimes.co.uk

Probably already been posted.

Last paragraph:





Sent from my SM-G965F using Tapatalk
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 23, 2022
  • #4,667
shmmeee said:
Right, so the meeting that never was last week would likely have been in case ACL was also going into admin then cancelled when not. Do we think that delay was requested by the council more in hope than expectation of a buyer? Seems to have been very quiet on rumours outside of NEC.
Click to expand...

Council desperately needs the whole thing to not go tits up, but nobody will want to take on ACL with all the debt attached. Which will be why a lot of interested parties are probably holding fire until Friday
 

shmmeee

Well-Known Member
  • Oct 23, 2022
  • #4,668
Brighton Sky Blue said:
Council desperately needs the whole thing to not go tits up, but nobody will want to take on ACL with all the debt attached. Which will be why a lot of interested parties are probably holding fire until Friday
Click to expand...

Yeah I get all that, it was the talk of a bailout that confused me if they were getting bought out before admin.
 

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,669
Derbys admin cost millions, It did go on for nearly a year
 
Reactions: wingy
S

steve cooper

Well-Known Member
  • Oct 23, 2022
  • #4,670
stupot07 said:

The Times & The Sunday Times

News and opinion from The Times & The Sunday Times
www.thetimes.co.uk

Probably already been posted.

Last paragraph:





Sent from my SM-G965F using Tapatalk
Click to expand...
Covered in post 4628 onwards on previous page.
I don't read too much into that statement. I think he means ACL will go into administration next week and there is sure to be interest / bids, or something like that. I doubt very much the reporter knows anything not already in the public domain. If he did, it would be covered in much more prominence
 
Reactions: stupot07

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,671
If ACL go into admin friday who opens the gates and pays the wages, is this why ACL put in another NOI to put things into place before they go into admin themselves
 
Reactions: djr8369

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,672
steve cooper said:
Covered in post 4628 onwards on previous page.
I don't read too much into that statement. I think he means ACL will go into administration next week and there is sure to be interest / bids, or something like that. I doubt very much the reporter knows anything not already in the public domain. If he did, it would be covered in much more prominence
Click to expand...
Will it be a bidding war, can't see Sisu wanting to get into that
 

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,673
Council desperately needs the whole thing to not go tits up, but nobody will want to take on ACL with all the debt attached. Which will be why a lot of interested parties are probably holding fire until Friday
[/QUOTE]
Why would they not want things to go tits up, thought they wanted rid of it, there must be something in place where the the pitch and stands have to stay and the ground cannot be converted to a warehouse or anything
 
S

steve cooper

Well-Known Member
  • Oct 23, 2022
  • #4,674
Gynnsthetonic said:
Will it be a bidding war, can't see Sisu wanting to get into that
Click to expand...
Well, we shall see, but my opinion is, although there will be interest I don't expect to see massively high bids, considering the expensive repair / renovation work said to be required, and who is likely to be interested.
I just can't see NEC being interested unless they can get it very cheap.
 

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,675
steve cooper said:
Well, we shall see, but my opinion is, although there will be interest I don't expect to see massively high bids, considering the expensive repair / renovation work said to be required, and who is likely to be interested.
I just can't see NEC being interested unless they can get it very cheap.
Click to expand...
We want a buyer who wants to own the football club and stadium. Gilbert quotes today that the Mike Ashley's interest has cooled
 
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,676
shmmeee said:
Right, so the meeting that never was last week would likely have been in case ACL was also going into admin then cancelled when not. Do we think that delay was requested by the council more in hope than expectation of a buyer? Seems to have been very quiet on rumours outside of NEC.
Click to expand...

Remember the reference was to WASPs to begin with , ie WH
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 23, 2022
  • #4,677
Gynnsthetonic said:
We want a buyer who wants to own the football club and stadium. Gilbert quotes today that the Mike Ashley's interest has cooled
Click to expand...

Safe to say that's us stuffed then
 
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,678
Gynnsthetonic said:
We want a buyer who wants to own the football club and stadium. Gilbert quotes today that the Mike Ashley's interest has cooled
Click to expand...

Or even completely gone?
 
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,679
steve cooper said:
Well, we shall see, but my opinion is, although there will be interest I don't expect to see massively high bids, considering the expensive repair / renovation work said to be required, and who is likely to be interested.
I just can't see NEC being interested unless they can get it very cheap.
Click to expand...

Depends on what "incentives" they also get. Car Park C still available as a Hotel/ Conference centre?
 

Sky Blue Heaven

Well-Known Member
  • Oct 23, 2022
  • #4,680
slowpoke said:
The itk who told me over a month ago exactly what was happening re. Wasps and has, and told me what will happen regards the stadium fingers crossed on that, and then the big one sisu, I’m hopeful of a happy xmas.
Click to expand...

So this points towards a stepped process of Ashley, or someone else, acquiring ACL then moving forward with buying the club. Fingers crossed for a January transfer budget to kick on and therefore retain O’Hare, Gus, Sheaf & Viktor.
 
Reactions: PaulTelfersFirstTouch
B

Brighton Sky Blue

Well-Known Member
  • Oct 23, 2022
  • #4,681
oldfiver said:
Depends on what "incentives" they also get. Car Park C still available as a Hotel/ Conference centre?
Click to expand...

Wasps had applied for hotel permission there soon after getting the stadium but think that lapsed earlier this year
 
S

steve cooper

Well-Known Member
  • Oct 23, 2022
  • #4,682
Gynnsthetonic said:
We want a buyer who wants to own the football club and stadium. Gilbert quotes today that the Mike Ashley's interest has cooled
Click to expand...
That's a shame if true, but if I were interested in buying something that multiple other parties might be interested in, I would play down my interest.
 
Reactions: Gynnsthetonic and wingy
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,683
Brighton Sky Blue said:
Wasps had applied for hotel permission there soon after getting the stadium but think that lapsed earlier this year
Click to expand...

The option to build went from WASPs to WPS in a blink - a Richardson company

Richardson applied for WMCA funding but withdrew. But it could be part of any negotiation?
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 23, 2022
  • #4,684
oldfiver said:
The option to build went from WASPs to WPS in a blink - a Richardson company

Richardson applied for WMCA funding but withdrew. But it could be part of any negotiation?
Click to expand...

Maybe. Will certainly all become a lot clearer on Friday anyway if not sooner
 

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,685
oldfiver said:
The option to build went from WASPs to WPS in a blink - a Richardson company

Richardson applied for WMCA funding but withdrew. But it could be part of any negotiation?
Click to expand...
Isn't WPS Whitley Pumping Station on London Rd, plans for houses next the Higgs centre off Allard Way, Richardson never interested in the Rugby side of things really was he
 

Evo1883

Well-Known Member
  • Oct 23, 2022
  • #4,686
Just wanted to add , and have no idea if it's been mentioned , all the stewards have been moved over to ccfc , according to a steward I spoke to at the Sheffield United game
 
Reactions: djr8369, no_loyalty, Sky Blue Pete and 1 other person
O

oldfiver

Well-Known Member
  • Oct 23, 2022
  • #4,687
Gynnsthetonic said:
Isn't WPS Whitley Pumping Station on London Rd, plans for houses next the Higgs centre off Allard Way, Richardson never interested in the Rugby side of things really was he
Click to expand...

Wasps owners unveil plans for Ricoh hotel

Photos show how it could look inside
www.coventrytelegraph.net
 

TomRad85

Well-Known Member
  • Oct 23, 2022
  • #4,688
Think I'm just going to take no news for what it is right now. Neither good nor bad.
I'm still cautiously optimistic we'll end up in a better position, even if its just slightly.

Sent from my SM-G973F using Tapatalk
 
Reactions: Gynnsthetonic

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,689

Senior Wasps figures buy proposed housing land near training base

Wasps owner Derek Richardson and group chief executive David Armstrong are directors of a firm that has bought land next to the Alan Higgs Centre
www.coventrytelegraph.net
 
Reactions: wingy

Gynnsthetonic

Well-Known Member
  • Oct 23, 2022
  • #4,690
Evo1883 said:
Just wanted to add , and have no idea if it's been mentioned , all the stewards have been moved over to ccfc , according to a steward I spoke to at the Sheffield United game
Click to expand...
Who was there employer before out of interest, must of been Wasp or ACL
 
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