Bit behind with developments. Where did the £150k come from and what’s it due to get us ? Home games until World Cup ?
Three possibilities here that I can see:
ACL enter another NOI. That means they keep trading, we play on Tuesday as normal. Seems unlikely if it's true that we're already having to pay to play today.
No NOI leads to the remaining two paths:
Administration: Potential buyer surely has to fund to keep the business going, we play as usual.
Liquidation: I can only see this happening if there genuinely are no buyers for the lease. In which case reversion to the council happens. If this happens I'd guess there will be massive pressure on the council to get the doors open again for all of the businesses that want to continue trading at the Arena, and are willing to pay to do so, including us. I can't see how even liquidation ends up with us out of the CBS in the long term, but maybe a few weeks to resolve?
It’s worrying because ACL could drag this out all season in theory while waiting for a mystical buyer who wants to take on all the debts. UNLESS there is something agreed already behind the scenes.How long realistically should / could the club fund ACL again? I am not sure it would be enough to keep ACL from going into Administration.
Does the money class as a loan, pre payment etc?
We should be telling the clueless CEO and dumbass owners to fuck off once and for all
How did Derby get funded for a year in admin?Liquidation is the best option as it removes the lease from bondholder claims - administrators would struggle to find finances for matches to continue and potential buyers wouldn’t be funding - why would they?
Obviously not going to happen whatever the plan is. Would be a bit of a naive move commercially.
To be clear I can’t wait for SISU to fuck off for a million reasons but not shouting from the rooftops about if they’re planning to buy the stadium or not is not one of them
The 150K was just for today's game (so it has been said), but these seem to be rumours. Gilbert said 'a substantial amount' but hasn't confirmed exactly how much, but refused to deny it when somebody mentioned the 150K figure.
It’s worrying because ACL could drag this out all season in theory while waiting for a mystical buyer who wants to take on all the debts. UNLESS there is something agreed already behind the scenes.
I’ve no background knowledge in all this stuff so purely speculation.
Would there be a difference if the bondholders had taken action and put their practicioner in .How did Derby get funded for a year in admin?
Liquidation is the best option as it removes the lease from bondholder claims - administrators would struggle to find finances for matches to continue and potential buyers wouldn’t be funding - why would they?
Liquidation does not remove any rights from Fixed Charge Holders.
The right to sell moves from the Company to the Charge Holder or Liquidator but the actual Charge is unmoved
There's certainly a lot of people trying to stir it up to get angry at the club.
Still, detracts from wasps confirmed as relegated.
Then you don’t get to complain or mock when people are trying to work out the plan or unhappy with how it’s going so far.
Why hasn't Mike Ashley sat down with Andy turner and detailed everything?I mean I'm not the sharpest tool in the box but it's obvious that potential buyers are not going to be showing their hands
I mean I'm not the sharpest tool in the box but it's obvious that potential buyers are not going to be showing their hands
Between two hedge funds.it makes no difference in the end. Logically you would assume Sisu will make some sort of bid to purchase anyway as a sitting tenant who’ve claimed they will have up to £60 million of funding for a new stadium purchase
it’s beyond credence they won’t make a bid of sorts
Why hasn't Mike Ashley sat down with Andy turner and detailed everything?
And what’s a hone when it’s at home.He doesn’t even know the difference between ‘their’ & ‘they’re’
Where has he said this?Ashley isn’t exactly publicity shy and it was stated he was given access to ACL finances and he stated he’s refinance bonds as an intent to purchase pre administration
what will the bond holders actually be able to claim against though? Doesn’t it mean in that instance CCC will be as freeholders able to sell a lease to a new buyer with no constraint regarding debt to the bond Holder - I assume even if it goes into administration it would be wasps preferred administrator would it not?
it makes no difference in the end. Logically you would assume Sisu will make some sort of bid to purchase anyway as a sitting tenant who’ve claimed they will have up to £60 million of funding for a new stadium purchase
it’s beyond credence they won’t make a bid of sorts
Where has he said this?
HOT's?Ashley isn’t exactly publicity shy and it was stated he was given access to ACL finances and he stated he’s refinance bonds as an intent to purchase pre administration
Sisu haven't denied anything.Ashley hasn’t denied it
Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover
Former Newcastle owner Mike Ashley has held talks with Wasps about a potential takeover as the debt-ridden club battle for their survival. Ashley is understood to have signed a Head of Terms.www.dailymail.co.uk
I mean I'm not the sharpest tool in the box but it's obvious that potential buyers are not going to be showing their hands
Yes!Yes I've no idea what everyone expected to have happened by now or why yesterday was meltdown day.
Sent from my SM-G973F using Tapatalk
The issue isn’t the secrecy, it’s sending members onto here to attack anyone who has questions.
Why hasn't Mike Ashley sat down with Andy turner and detailed everything?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?