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Wasps going into admin & the impact on CCFC (6 Viewers)

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

Administrator
  • Oct 26, 2022
  • #5,146
steve cooper said:
Not sure if this has already been posted, but according to a 2 week old report attributed to Sky, NEC has already made a bid. Clearly not enough.

NEC lodges bid to buy CBS Arena | TheBusinessDesk.com

Reports suggest that the exhibition venue giant wants to take over the stadium
www.thebusinessdesk.com
Click to expand...

Exhibition venue giant could be about to launch a bid for the home of stricken Premiership rugby side Wasps and Championshire football club Coventry City.

The NEC Group has lodged a bid for the Coventry Building Society (CBS) Arena last week, according to reports from Sky News.
Click to expand...

Erm?
 

Skyblueweeman

Well-Known Member
  • Oct 26, 2022
  • #5,147
oldfiver said:
Blackrock also hold a big chunk of Hilton so already have an interest at CBS
Click to expand...

Almost. Blackrock only take a % of profit from the hotel at the stadium. It's run as a franchised property.
 

Skyblue_CP

Well-Known Member
  • Oct 26, 2022
  • #5,148
shmmeee said:
If he was spouting off to fans at a train station I’d only see any expectation of privacy. Just saying.
Click to expand...
Yeh, I’d imagine he wouldn’t be divulging SISUs game plan in all this with some fans at a train station.
 
S

steve cooper

Well-Known Member
  • Oct 26, 2022
  • #5,149
Nick said:
Erm?
Click to expand...
That's what I thought, contradictory, but from what I can see, they seem like a fairly serious outfit.
 
O

oldfiver

Well-Known Member
  • Oct 26, 2022
  • #5,150
Nick said:
Erm?
Click to expand...

"could be "
"reports ..." etc

Nothing from the Company itself

I suggest several people have looked ... and gone away

Nothing you would consider concrete is there?
 

TomRad85

Well-Known Member
  • Oct 26, 2022
  • #5,151
Brighton Sky Blue said:
PM'd
Click to expand...
Wheres my PM at?

Sent from my SM-G973F using Tapatalk
 

MusicDating

Euro 2016 Prediction League Champion!!
  • Oct 26, 2022
  • #5,152
TomRad85 said:
Wheres my PM at?

Sent from my SM-G973F using Tapatalk
Click to expand...
PMs don't last v long these days I'm afraid...
 
Reactions: TwistAndShoutCCFC1987, GaryMabbuttsLeftKnee, SkyBlueChris and 17 others
W

wingy

Well-Known Member
  • Oct 26, 2022
  • #5,153
Where's Moonstone in all of this?
 
O

oldfiver

Well-Known Member
  • Oct 26, 2022
  • #5,154
wingy said:
Where's Moonstone in all of this?
Click to expand...

Malta
 
Reactions: Bernie Rhodes Nose and wingy

Saddlebrains

Well-Known Member
  • Oct 26, 2022
  • #5,155
Update from my Gilbert leak mate:

Rumour abound at the council that when admin happens SISU are in pole position

Americans have been in and around the council house having meetings,nothing to do with Dawkins made up yank, American SISU investors. Were also at the game last night

Someone could of course usurp, but turns out no one is interested at the mo



Maybe those on here who said SISU have been quiet for a reason were right.

Imagine......
 
Reactions: TwistAndShoutCCFC1987, pipkin73, CCFC54321 and 4 others

TomRad85

Well-Known Member
  • Oct 26, 2022
  • #5,156
Saddlebrains said:
Update from my Gilbert leak mate:

Rumour abound at the council that when admin happens SISU are in pole position

Americans have been in and around the council house having meetings,nothing to do with Dawkins made up yank, American SISU investors. Were also at the game last night

Someone could of course usurp, but turns out no one is interested at the mo



Maybe those on here who said SISU have been quiet for a reason were right.

Imagine......
Click to expand...
Not my first choice, or even my fifth or sixth, but I'll still take this over being owned by SISU while renting the ground from the bugs.

Sent from my SM-G973F using Tapatalk
 
Reactions: TwistAndShoutCCFC1987, torchomatic, AOM and 3 others

Gynnsthetonic

Well-Known Member
  • Oct 26, 2022
  • #5,157
Saddlebrains said:
Update from my Gilbert leak mate:

Rumour abound at the council that when admin happens SISU are in pole position

Americans have been in and around the council house having meetings,nothing to do with Dawkins made up yank, American SISU investors. Were also at the game last night

Someone could of course usurp, but turns out no one is interested at the mo



Maybe those on here who said SISU have been quiet for a reason were right.

Imagine......
Click to expand...


 
Reactions: long way home, Bernie Rhodes Nose, RegTheDonk and 6 others

skybluetony176

Well-Known Member
  • Oct 26, 2022
  • #5,158
If SISU take over ACL the only thing you can see it as is a positive, fingers crossed caveat. Surely it will be the first step of them selling up.
 
Reactions: djr8369, TwistAndShoutCCFC1987, no_loyalty and 4 others

chiefdave

Well-Known Member
  • Oct 26, 2022
  • #5,159
TomRad85 said:
Not my first choice, or even my fifth or sixth, but I'll still take this over being owned by SISU while renting the ground from the bugs.
Click to expand...
there's def concerns around SISU ending up owning the ground but on the positive side this could be the beginning of the end for them.

get the council to stump up for any repairs needed, get the lease on the cheap, then sell the club and stadium off. that's probably the best return they'll ever get and a lot less hassle than hanging around for the next 20 years taking small chunks of money out every year.
 
Reactions: TwistAndShoutCCFC1987, no_loyalty, torchomatic and 5 others

Nick

Administrator
  • Oct 26, 2022
  • #5,160
skybluetony176 said:
If SISU taking over ACL the only thing you can see it as is a positive, fingers crossed caveat. Surely it will be the first step of them selling up.
Click to expand...
Many different outcomes to be fair. Some good, some bad.
 
Reactions: Skyblueweeman, Calista and Saddlebrains

chiefdave

Well-Known Member
  • Oct 26, 2022
  • #5,161
Nick said:
Think there's a bar but not sure about food.

Just mean if it's an issue of having it, pretty sure the administrator could sell a few pitches to local businesses who would jump at the chance.
Click to expand...
I know a few music venues that have had issues like this and they just get down the cash and carry and stock up on cans. Can't be that difficult to just get Dhillons in if needed.
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 26, 2022
  • #5,162
chiefdave said:
there's def concerns around SISU ending up owning the ground but on the positive side this could be the beginning of the end for them.

get the council to stump up for any repairs needed, get the lease on the cheap, then sell the club and stadium off. that's probably the best return they'll ever get and a lot less hassle than hanging around for the next 20 years taking small chunks of money out every year.
Click to expand...

Exactly, a golden chance to get back most of their money while uniting club with ground.
 
Reactions: djr8369 and Flying Fokker

jordan210

Well-Known Member
  • Oct 26, 2022
  • #5,163
When do we expect them to be officially relegated. Some time next week after the weekend fixture is not played
 

Danceswithhorses

Well-Known Member
  • Oct 26, 2022
  • #5,164
If it's true that SISU have miraculously found the funds to buy the stadium, and they're in pole position (per saddlebrain's post), Is it possible that everyone's favourite vomiter, Mike Ashley, has stumped up the funds...hence why he's disappeared as a bidder ?
It would be smarter for an interested buyer to have less competition, and maybe keep the price on the lower side ?
If he's the source of funds, maybe he does want the club+stadium combo ?
Oh, and 2+2= 11ty billion
 
Reactions: RegTheDonk and wingy

junglej13

Well-Known Member
  • Oct 26, 2022
  • #5,165
Saddlebrains said:
Update from my Gilbert leak mate:

Rumour abound at the council that when admin happens SISU are in pole position

Americans have been in and around the council house having meetings,nothing to do with Dawkins made up yank, American SISU investors. Were also at the game last night

Someone could of course usurp, but turns out no one is interested at the mo



Maybe those on here who said SISU have been quiet for a reason were right.

Imagine......
Click to expand...
To state the obvious the Council would just have to ensure there was tightly worded restrictions/covenants on the land that the ownership had to stay with the football club. If I was a senior officer/politician at the Council this is the obvious huge risk given Sisu's track record. Personally I think the Council could progress with a sale, come out of the whole shitstorm positively and protect the asset foe the City moving forward.
 

Skyblueweeman

Well-Known Member
  • Oct 26, 2022
  • #5,166
Saddlebrains said:
Update from my Gilbert leak mate:

Rumour abound at the council that when admin happens SISU are in pole position

Americans have been in and around the council house having meetings,nothing to do with Dawkins made up yank, American SISU investors. Were also at the game last night

Someone could of course usurp, but turns out no one is interested at the mo



Maybe those on here who said SISU have been quiet for a reason were right.

Imagine......
Click to expand...

Has he been right on things before? Genuine question as I cannot remember every post
 
D

Deleted member 5849

Guest
  • Oct 26, 2022
  • #5,167
TomRad85 said:
Wheres my PM at?

Sent from my SM-G973F using Tapatalk
Click to expand...
It's alright, it's a secret between Fisher and umpteen people at a train station, and Fisher would of course expect them all to keep quiet, and that's why he'd talk to them in a public setting...
 
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shmmeee

Well-Known Member
  • Oct 26, 2022
  • #5,168
Not gonna lie I’d prefer Mike Ashley, but if there’s involvement of money with Sisu and it finds it way to the squad and not just the arena I’ll take it. We desperately need cash before Jan.
 
Reactions: TwistAndShoutCCFC1987, KAB, The Penguin and 6 others
D

Deleted member 5849

Guest
  • Oct 26, 2022
  • #5,169
shmmeee said:
Not gonna lie I’d prefer Mike Ashley
Click to expand...
Words rarely used
 
Reactions: DazzleTommyDazzle, torchomatic and duffer

1966_and_all-that

Well-Known Member
  • Oct 26, 2022
  • #5,170
Blackpool fan in peace.please excuse the possible naivety here (you know your situation). However, if Wasps go into administration and the administrator needs to pay bills, might you have a chance of buying the ground at a knockdown price?

I do support you in this btw.
 
Reactions: djr8369, TwistAndShoutCCFC1987, Pricey1984 and 18 others

Samo

Well-Known Member
  • Oct 26, 2022
  • #5,171
1966_and_all-that said:
Blackpool fan in peace.please excuse the possible naivety here (you know your situation). However, if Wasps go into administration and the administrator needs to pay bills, might you have a chance of buying the ground at a knockdown price?

I do support you in this btw.
Click to expand...

Do you have a few months to talk this over?
 
Reactions: SBQuin, djr8369, TwistAndShoutCCFC1987 and 32 others

duffer

Well-Known Member
  • Oct 26, 2022
  • #5,172
jordan210 said:
I think our fans need to prepare themselves that if something happens and we can continue to play at the arena. There wont be any food and drink and limited staff for parking and so on.
Click to expand...

Packed lunch! (School rules apply though, obviously, no sweets or fizzy drinks allowed).
 
Reactions: Moff, oakey and Nick

shmmeee

Well-Known Member
  • Oct 26, 2022
  • #5,173
duffer said:
Packed lunch! (School rules apply though, obviously, no sweets or fizzy drinks allowed).
Click to expand...

Still annoyed I wasn’t allowed a flask of tea in the ground last night. they’d probably confiscate your babybel for being a potential missile.


1966_and_all-that said:
Blackpool fan in peace.please excuse the possible naivety here (you know your situation). However, if Wasps go into administration and the administrator needs to pay bills, might you have a chance of buying the ground at a knockdown price?

I do support you in this btw.
Click to expand...

That’s what we all assume our owners plan is (and has been since this all kicked off). Wrinkle is there’s apparently a clause that means if an “insolvency event” (I.e. admin or liquidation) happens the lease reverts back to the council. The council who do not get on with Sisu at all (hence the last decade).

There’s every chance the council could take the view that they want to market the arena to get best value, and every chance our owners say if they don’t get it they’ll move the club, which seriously hampers the attractiveness of the arena.

So we go back to the Mexican standoff we’ve had the last decade.
 

Senior Vick from Alicante

Well-Known Member
  • Oct 26, 2022
  • #5,174
shmmeee said:
Not gonna lie I’d prefer Mike Ashley, but if there’s involvement of money with Sisu and it finds it way to the squad and not just the arena I’ll take it. We desperately need cash before Jan.
Click to expand...

Sisu would not reinvest profits in the team just because they own the stadium thats not their model. They would look to make it like us cost neutral and then take the profits, wouldnt surprise me if they still charged the club rent for the ground. It would mean however its a better proposition for a sale by them, thats all.
 
Reactions: Colin Steins Smile, Incognitocov, duffer and 1 other person
B

Brighton Sky Blue

Well-Known Member
  • Oct 26, 2022
  • #5,175
Deleted member 5849 said:
It's alright, it's a secret between Fisher and umpteen people at a train station, and Fisher would of course expect them all to keep quiet, and that's why he'd talk to them in a public setting...
Click to expand...

Likewise someone at the council deciding to leak details of who’s in the running
 

joemercersaces

Well-Known Member
  • Oct 26, 2022
  • #5,176
chiefdave said:
there's def concerns around SISU ending up owning the ground but on the positive side this could be the beginning of the end for them.

get the council to stump up for any repairs needed, get the lease on the cheap, then sell the club and stadium off. that's probably the best return they'll ever get and a lot less hassle than hanging around for the next 20 years taking small chunks of money out every year.
Click to expand...
So there could be new words…Fuck the Wasps, Love SISU, Love the Council, and the Villa…Oh, hang on
 
Reactions: Skyblueweeman and RegTheDonk

duffer

Well-Known Member
  • Oct 26, 2022
  • #5,177
Incidentally, I know it's never going to happen, but I emailed the administrator yesterday to see how a supporter funded bid might work. No response as yet, maybe he's playing hardball.

I'm going to back to them tonight and offer a tenner out of my own pocket (I'll enclose a photo as proof of funds). If nothing else they can't claim to have had no bids then!

If I win it, we're all having a kick about on the pitch before I go bust.
 
Reactions: SBQuin, Lofty, DazzleTommyDazzle and 16 others

jordan210

Well-Known Member
  • Oct 26, 2022
  • #5,178
duffer said:
Packed lunch! (School rules apply though, obviously, no sweets or fizzy drinks allowed).
Click to expand...

We should have what they did outside athletico Madrid, have random people selling alcohol and sweats out of back packs
 
Reactions: duffer

Moff

Well-Known Member
  • Oct 26, 2022
  • #5,179
shmmeee said:
Still annoyed I wasn’t allowed a flask of tea in the ground last night. they’d probably confiscate your babybel for being a potential missile.
Click to expand...

Would be ok if was at Fulham, as long as you brought a Victoria Sponge, some paper plates and napkins like some of their fans do
 
Reactions: Skyblueweeman, shmmeee, duffer and 1 other person

jordan210

Well-Known Member
  • Oct 26, 2022
  • #5,180
What I don’t get is why people talk about Joy/Sisu like she is stupid, she’s worth more than all of us combined.

She is going to do what’s maximises her assets.

With high net worth individuals What they say publicly and privately are completely different.
 
Reactions: robbiethemole and Greggs
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