Nick
Administrator
We might well be. I'm sure there will be a statement either way now.
We might well be. I'm sure there will be a statement either way now.If we are under an embargo for non payment to HMRC aren’t you at all concerned?
Surely you can see how different it is?it’s no more criminal than what we did in 2014
Surely you can see how different it is?
I bet you an Avanti West Coast Season ticket they aren't!Hopefully things will be a lot clearer tomorrow.
How many tens of millions were owed externally?In terms of account manipulation to create a result it’s different how?
yes i would think so....... could be the full amount or "the best deal they could get".
I am guessing if the new entity buys it for £35m that in the coming financials it will be worth more.
If the money to buy it isnt put in to the new entity by interest bearing loans, say by issued share capital, then profitability and viability is improved
It was Covids fault they lost money!... wasn't it!?!
Zero debt incoming too....??
Although apparently, any bid for ACL, even in admin, should include the 35m for bondholders... (unless no bids include that)....
Exactly what i was told last night. (See above)
I think it has all been planned from the outset by ccc so that it is so difficult for SISU to get their hands on it.
Was told admin not liquidation tomorrow, which surely means more or less debts wiped, sell restructured back to themselves???
SISU will not get any part of the arena
Where are the new wasps owners getting 35m from? They have no games for the rest of the season also and next season "relegated".Exactly what i was told last night. (See above)
I think it has all been planned from the outset by ccc so that it is so difficult for SISU to get their hands on it.
Was told admin not liquidation tomorrow, which surely means more or less debts wiped, sell restructured back to themselves???
SISU will not get any part of the arena
No idea... do we/our rent etc fund it??How do they fund the stadium and staff with no games on at the arena for the rest of the rugby season ?
They've been suspended and relegated
No idea... do we/our rent etc fund it??
Which probably has no relation to our situation whatsoever. Wasps are finished in Coventry.Wasps getting a new owner (saviour) basically
As OSB has said "or best offer" if it can't fully be met...Where are the new wasps owners getting 35m from?
If ccc are involved they need to be outed.
I agreeWhich probably has no relation to our situation whatsoever. Wasps are finished in Coventry.
Sent from my SM-G973F using Tapatalk
How many tens of millions were owed externally?
I'm not so sure.Which probably has no relation to our situation whatsoever. Wasps are finished in Coventry.
Sent from my SM-G973F using Tapatalk
HMRC that's new isn't it.Coventry in talks about yet another groundshare
Exclusive: Walsall may offer a solution if owners Arena Coventry Limited go into administrationwww.telegraph.co.uk
Especially if we shuffle along againSeasons just started really , wasps are suspended for the rest of it and relegated to the championship.. where and I repeat WHERE do new owners get revenue from ?
They won't be staying at the arena , I still feel confident about that , its simply not financially viable
That's the thing, surely an administrator can't tell bondholders the offer of 50p was the best.As OSB has said "or best offer" if it can't fully be met...
My question is, who oversees offers?
I honestly think the council are playing nice to Big Dave... but I'm fairly certain that behind that, they are being the "not until he'll freezes over" version of CCC.Spoke to Boddy after the game yesterday. There is currently no offer for the stadium from Sisu. Dave expects ACL to be liquidated on Monday at which point he expects there to be lots of offers for the stadium. When I asked him if Sisu will offer, he was careful with his words but in a nutshell the answer was yes and he would expect us to be in prime position with the council. He said there have been lots of comms with the council and that the council have been much more cooperative this time.
I also asked him about Tuesday’s game. He could not rule out the game not being played at the CBS.
Things will get interested post ACL liquidation on Monday.
Not that insightful but good to hear the council appear to be more responsive.
Yes which is the same as Richardson writing off his own debts etc.Thats not answering the question and I assume a lot of the ab and sl debt is external crystallised losses from the original Sisu takeover
I can’t see that hardly any of that all external debt was ever paid was it?
Indeed there was and now they all look like massive cunts. I guess they could keep digging but I really can't see it.I'm not so sure.
There was always going to be a lot of local influential people desperate for it to work
Haven't they already filed for it?We all feel the way we do because we are desperate for them to go , from the other side though View attachment 26879
Nothing would surprise me at all.Indeed there was and now they all look like massive cunts. I guess they could keep digging but I really can't see it.
Sent from my SM-G973F using Tapatalk
Haven't they already filed for it?
Yes which is the same as Richardson writing off his own debts etc.
It's a bit different with so many external creditors.
Spoke to Boddy after the game yesterday. There is currently no offer for the stadium from Sisu. Dave expects ACL to be liquidated on Monday at which point he expects there to be lots of offers for the stadium. When I asked him if Sisu will offer, he was careful with his words but in a nutshell the answer was yes and he would expect us to be in prime position with the council. He said there have been lots of comms with the council and that the council have been much more cooperative this time.
I also asked him about Tuesday’s game. He could not rule out the game not being played at the CBS.
Things will get interested post ACL liquidation on Monday.
Not that insightful but good to hear the council appear to be more responsive.
That's the thing, surely an administrator can't tell bondholders the offer of 50p was the best.
Yea, again not claiming to be an ITKer here, but think this is likely.
Think the ‘not alone’ element is being worked out and surprised at one name/group that’s been mentioned.
Also heard CCC are aware. Which worries as I imagine they’ll be doing what they can to stop it…..whether they have any official influence or not.
I honestly think the council are playing nice to Big Dave... but I'm fairly certain that behind that, they are being the "not until he'll freezes over" version of CCC.
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?