Grendel
Well-Known Member
I know he didnt get all of it but he clearly has a fair element and was in a consortium of buyers to purchase the club at one point
He didn’t get all the 200 million mate. I know that for a fact. He didn’t get anywhere near that figure, loads of parties involved in his business.
I think that any administrator would want to continue to realise income streams for the arena. This would give them more time to seek a buyer at the best price possible.Looking at the events happening next week there' s no signs of any concern or arrangements being made to move or postpone. There's exhibitors posting on social media that they're ready for events there at the start of next week.
Obviously there's lots of unknowns but I don't think assuming the worst case scenario based potentially based on nothing but a couple of posts on the Wasps forum, which isn't exactly known for reliable information, is really helping.
Forget about the football club, will the council really want a load of events cancelled, that's not likely to attract a buyer when they try and shift the lease again.
Looking at the events happening next week there' s no signs of any concern or arrangements being made to move or postpone. There's exhibitors posting on social media that they're ready for events there at the start of next week.
Obviously there's lots of unknowns but I don't think assuming the worst case scenario based potentially based on nothing but a couple of posts on the Wasps forum, which isn't exactly known for reliable information, is really helping.
Forget about the football club, will the council really want a load of events cancelled, that's not likely to attract a buyer when they try and shift the lease again.
He didn’t get all the 200 million mate. I know that for a fact. He didn’t get anywhere near that figure, loads of parties involved in his business.
He didn’t get all the 200 million mate. I know that for a fact. He didn’t get anywhere near that figure, loads of parties involved in his business.
I think that any administrator would want to continue to realise income streams for the arena. This would give them more time to seek a buyer at the best price possible.
They might slim down the staffing to maximise revenues, so staff in management positions would be reduced as they'll be the most expensive.
Exactly. Even if he's worth a few million (which is an outrageous amount of money), he's not going to throw over £100,000 on a pitch that will need replacing.
The changing rooms at Ryton were an investment long term and were nowhere near that figure.
Why do you keep pretending to be itk when you said this right before we announced the game is on?
Wasps going into admin & the impact on CCFC
Can’t see any way Sisu will purchase the lease For why? I don’t either just interestedwww.skybluestalk.co.uk
pretending lol. I have many contacts. I knew the team news for Tuesday game at 3pm and posted on here. i was informed Wednesday that Saturday game was in doubt due to staffing issues. Thankfully nothing materialised but no-one has certainties Tuesday will go ahead.
Well he said in this interview he wants to put money in and not expect a return and I assume here is talking a bit more than a pitch relay
Revealed: Coventry City takeover bid's multi-millionaire backer
He has spoken exclusively to the Telegraphwww.coventrytelegraph.net
He's definitely got money, but in terms of Championship finances, it's not mega bucks.
@Cityandproud87 as I said. The game Saturday was in serious doubt. It was only yesterday when it was sorted. As backed up by this.
@Cityandproud87 as I said. The game Saturday was in serious doubt. It was only yesterday when it was sorted. As backed up by this.
Its bordering on whats the point territory now isnt it?
Wow incredible inside knowledge there. One of my sources told me Gyokeres might play on Saturday, just what I’ve been told mate
The lease wasn't gifted. They paid 1m in consideration. That said I am aware that the lease can go back to the council, but I assume that is a "fail-safe" clause. Pretty sure the council would be sued by the bond holders quicker than you could say "state aid".
Not sure that a liquidation would be so bad. Might cause some operational delays thought.For clarity, the administrators of Wasps Holdings and potential administrators of ACL and ACL 2006 have told the bondholders that, if funding for marketing isn’t forthcoming from bondholders “in short order”, the ACLs are likely to go straight in to liquidations as the objectives of administration would be unachievable.
it wasn’t a couple of posts on Wasps forum and liquidation is (possibly literally) a game changer. It could just be a threat to hurry potential bidders along as, for Sisu as an example, I would imagine it would be far easier operationally to buy as a pre-pack or out of administration than to pick up from liquidation with all current contracts cancelled.
no skin of my nose to relay info on here or not. But that’s what the forum is all about isn’t it?
We could have said that for most days in the past 20 years.
Lots say about Derby, Birmingham etc. No club, besides Bury, have had anything close to what we've had to deal with. Others have had a difficult few years but found a way out. We've had to deal with this for decades.
Sensible approach from the club in the circumstances. If something does happen and they hadn't looked into other options I'm sure there wouldn't be plenty of people on here ready to lay into them for not being prepared.
he’s not. He’s done well for himself but certainly not minted enough to pay for a pitch relay etc…
Leave politics out of it please. I really don't want to hear about our non Dom status right now.At least we sold Dom to pay for it...
Still might beI know he didnt get all of it but he clearly has a fair element and was in a consortium of buyers to purchase the club at one point
For a brief moment I thought you said Dom’s statueLeave politics out of it please. I really don't want to hear about our non Dom status right now.
Not to start an argument , but I don’t think what he is or isn’t worth is not something we should be discussing on here.He didn’t get all the 200 million mate. I know that for a fact. He didn’t get anywhere near that figure, loads of parties involved in his business.
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