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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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Sky Blue Harry H

Well-Known Member
  • Oct 30, 2022
  • #6,441
SkyBlueSam01 said:
Surely actual sour, violent protests on the horizon if it turns out Richardson et al. have used the local community and bondholders to the tune of tens of millions + what could easily be the final nail for CCFC, and then end up with the stadium anyway?

That will be CCFC, CCC, local businesses, bondholders and original Wasps fans all fucked over for a duplicitous scheme that has probably been in the making for over a decade
Click to expand...

Can't stomach the thought of it, but they'll be skint again within no time at all. No TV money/coverage/PL share/crowds probably all under 4,000 (except for the big fanfare of 'Wasps 2, the return' (where 4,024 turn up, including 3,999 free tickets). Wouldn't mind turning up at Cov RFC v Wasps to give them pelters (as long as it didn't clash with a City game). Let's wait for tomorrow, as I'm getting angrier by the second thinking about it.
 
Reactions: Skyblueweeman, robbiethemole and SkyBlueSam01
T

Tile Hill Phil

Well-Known Member
  • Oct 30, 2022
  • #6,442
Levship20 said:
There will be stories galore circling next week and speculation will be rife but my one hope in all of this is that Ann Lucas or any of her close associates read this forum, so they will hear our message “well done Ann, and in your moment of madness, look what a fuckin mess you made”.
Click to expand...
Yes we’ll soon see now if the council support us or not. Not holding my breath considering their past track record
 

Nick

Administrator
  • Oct 30, 2022
  • #6,443
Tile Hill Phil said:
Yes we’ll soon see now if the council support us or not. Not holding my breath considering their past track record
Click to expand...

Depends if it's a choice between us or Wasps.
 
Reactions: robbiethemole

Gynnsthetonic

Well-Known Member
  • Oct 30, 2022
  • #6,444
Could we be in a Derby situation with buyers for the club but owned by Mel Morris our own Derek Richardson who will want £20m for it to cover his losses
 

Sky Blue Harry H

Well-Known Member
  • Oct 30, 2022
  • #6,445
hill83 said:
I’m hearing we were in talks with Haaland before this embargo happened, he was at the match yesterday. That’s why he didn’t play for Man City.
Click to expand...

Sillyhilly83
 
Reactions: Skyblueweeman

Nick

Administrator
  • Oct 30, 2022
  • #6,446
hill83 said:
I’m hearing we were in talks with Haaland before this embargo happened, he was at the match yesterday. That’s why he didn’t play for Man City.
Click to expand...

I heard Hillsner just now had a top knot.
 

bulko

Well-Known Member
  • Oct 30, 2022
  • #6,447

Wasps takeover offer accepted by joint administrators

A group led by Wasps Legends is seeking to buy the crisis-hit Gallagher Premiership club
www.coventrytelegraph.net
 
S

SkyBlueSam01

Well-Known Member
  • Oct 30, 2022
  • #6,448
hill83 said:
By who? Nobody gives enough of a shit. And suggesting violence is ridiculous.
Click to expand...

Yeah I'm not suggesting violence at all don't worry

I suppose I'm just trying to say the atmosphere simply wouldn't be workable if Wasps were to end up playing at the CBS as if nothing had happened as some have suggested... Simply not an option and surely the powers that be know this.
 

Nick

Administrator
  • Oct 30, 2022
  • #6,449

Not as worried now. Same sort of thing as before.

Just have to see if we are still on that page at the end of December......

This has been combined with the Club providing initial finance for the pitch improvements, though overall we will not pay any additional costs on top of our rent agreement at the Arena.
Click to expand...

Guess it isn't helping having to pay silly money for the game to be on yesterday too.
 
Reactions: chiefdave and duffer

clint van damme

Well-Known Member
  • Oct 30, 2022
  • #6,450
 
Reactions: bulko

hill83

Well-Known Member
  • Oct 30, 2022
  • #6,451
Nick said:

Not as worried now. Same sort of thing as before.

Just have to see if we are still on that page at the end of December......
Click to expand...

Champions League in 3 years
 
Reactions: AOM, robbiekeane, clint van damme and 2 others
C

CCFC54321

Well-Known Member
  • Oct 30, 2022
  • #6,452
SkyBlueSam01 said:
Surely actual sour, violent protests on the horizon if it turns out Richardson et al. have used the local community and bondholders to the tune of tens of millions + what could easily be the final nail for CCFC, and then end up with the stadium anyway?

That will be CCFC, CCC, local businesses, bondholders and original Wasps fans all fucked over for a duplicitous scheme that has probably been in the making for over a decade
Click to expand...
If Richardson things he can do this and not face the music he’s sadly mistaken
 
Reactions: SkyBlueSam01

duffer

Well-Known Member
  • Oct 30, 2022
  • #6,453
Liquid Gold said:
I think the best thing to do is stay calm, not react to rumours, positive or negative, and see how things play out tomorrow.

We’re one day away from things being much clearer. It isn’t worth losing our heads over and I don’t really fancy loads of idle speculation or another round of arguments about sisu.
Click to expand...

Stay calm and not react to rumour?

Where's the fun in that! Nick would have to close the forum down (and I'd have to do some work too, I suppose).
 
Reactions: torchomatic, Gynnsthetonic, wingy and 1 other person

Nick

Administrator
  • Oct 30, 2022
  • #6,454
CCFC54321 said:
If Richardson things he can do this and not face the music he’s sadly mistaken
Click to expand...

He will have free Arctic Monkeys tickets.
 
Reactions: CCFC54321

ajsccfc

Well-Known Member
  • Oct 30, 2022
  • #6,455
Considering we barely made a signing in the window, not being allowed to when nobody else is either doesn't fill my pants with shit.
 
Reactions: chiefdave, torchomatic, Skyblueweeman and 5 others

tisza

Well-Known Member
  • Oct 30, 2022
  • #6,456
Nick said:

Not as worried now. Same sort of thing as before.

Just have to see if we are still on that page at the end of December......



Guess it isn't helping having to pay silly money for the game to be on yesterday too.
Click to expand...
shows how a fine line club finances are treading
 
Reactions: torchomatic, stupot07 and duffer

Nick

Administrator
  • Oct 30, 2022
  • #6,457
Also confirmed the club paid for the pitch.....
 
Reactions: AOM, skybluepm2, Skybluedownunder and 6 others
W

wingy

Well-Known Member
  • Oct 30, 2022
  • #6,458
bulko said:

Wasps takeover offer accepted by joint administrators

A group led by Wasps Legends is seeking to buy the crisis-hit Gallagher Premiership club
www.coventrytelegraph.net
Click to expand...
They won't be able to play in the prem in the 23-24 season idiots.
Unless they appeal the RFU decision
Did I read something about Sarries having a potential administration as well yesterday?
 

Nick

Administrator
  • Oct 30, 2022
  • #6,459
wingy said:
They won't be able to play in the prem in the 23-24 season idiots.
Unless they appeal the RFU decision
Did I read something about Sarries having a potential administration as well yesterday?
Click to expand...
I can see them appealing and blaming covid
 

Nick

Administrator
  • Oct 30, 2022
  • #6,460
tisza said:
shows how a fine line club finances are treading
Click to expand...
It won't be helping dishing out unexpected money for the pitch. Games off, more money to put games on etc.
 
Reactions: torchomatic

TomRad85

Well-Known Member
  • Oct 30, 2022
  • #6,461
Nick said:
Nothing would surprise me at all.
That's the worry.
Click to expand...
I get it, I always expect the worst supporting this club but you'd have to be mentally unstable to think Wasps could come back to the CBS and suddenly make it work. They were an absolute disaster and I'd think anyone on the council with half a functional brain would want to just let them go quietly.

Sent from my SM-G973F using Tapatalk
 
Reactions: Skyblueweeman, SkyBlueSam01 and Samo

stupot07

Well-Known Member
  • Oct 30, 2022
  • #6,462
clint van damme said:
Click to expand...
People are wetting themselves about the transfer embargo....it will be long gone before the transfer window opens.

Sent from my SM-G965F using Tapatalk
 
Reactions: MalcSB, Sky Blue Harry H, covcity4life and 4 others

ajsccfc

Well-Known Member
  • Oct 30, 2022
  • #6,463
While I won't pretend to understand the majority of what's going on, if Wasps are saved now surely they can't be looking to still play here? Everything in the last few years has pointed to there being absolutely no appetite for a hobo rugby team in a 30000-seater so it must be their best chance for a rebirth somewhere they'd make sense
 
Reactions: SBQuin, AOM, Alan Dugdales Moustache and 5 others

Nick

Administrator
  • Oct 30, 2022
  • #6,464
stupot07 said:
People are wetting themselves about the transfer embargo....it will be long gone before the transfer window opens.

Sent from my SM-G965F using Tapatalk
Click to expand...
Exactly. Just have to check that EFL link in December to see if we vanish
 

duffer

Well-Known Member
  • Oct 30, 2022
  • #6,465
Nick said:
Also confirmed the club paid for the pitch.....
Click to expand...

Absolutely, which really pisses me off when you've got people like Clive on CWR point-blank denying it when it's mentioned by callers.

It might be that we'll get the money back later, but right now it's clear that the club had to put the money in up front. That's obviously an unexpected cost to the business.

File under more Wasps bullshit, basically.
 
Reactions: SBQuin, Earlsdon_Skyblue1, torchomatic and 6 others

Nick

Administrator
  • Oct 30, 2022
  • #6,466
duffer said:
Absolutely, which really pisses me off when you've got people like Clive on CWR point-blank denying it when it's mentioned by callers.

It might be that we'll get the money back later, but right now it's clear that the club had to put the money in up front. That's obviously an unexpected cost to the business.

File under more Wasps bullshit, basically.
Click to expand...
I read it as being discounted rent rather than money back
 
Reactions: duffer

ceetee

Well-Known Member
  • Oct 30, 2022
  • #6,467
If I read Boddy's statement correctly, CCFC paid up front for the pitch repairs but that's offset against our future rental payments. My concern is that agreement might now be lost and we may not see the discounted rent
 
Reactions: torchomatic, Skyblueweeman and duffer

Nick

Administrator
  • Oct 30, 2022
  • #6,468
ceetee said:
If I read Boddy's statement correctly, CCFC paid up front for the pitch repairs but that's offset against our future rental payments. My concern is that agreement might now be lost and we may not see the discounted rent
Click to expand...
That's how I read it too

I'm guessing the telegraph article was as I thought, from the wasps / ACL side


Look at sisu, not us. Again.

Although the club should have communicated it like that as soon as the embargo was added.
 
Reactions: duffer and davy67

Calista

Well-Known Member
  • Oct 30, 2022
  • #6,469
hill83 said:
By who? Nobody gives enough of a shit. And suggesting violence is ridiculous.
Click to expand...
Sour would be OK though
 
Reactions: SkyBlueSam01

AFCCOVENTRY

Well-Known Member
  • Oct 30, 2022
  • #6,470
Honestly think some fans are getting too worked up here. This is going 2 ways:

1) Sisu + a partner will be a preferred bidder for acl in administration.

2) Sisu fail with a bid or maybe won’t even bid. In this scenario any new owner of ACL will need CCFC to play at the arena.

With the later scenario, it might mean it’s only a game or 2 that has to be played elsewhere unless the administrator and potential new owner allow CCFC to play at the arena until all sorted.
 

Grendel

Well-Known Member
  • Oct 30, 2022
  • #6,471
Nick said:
Also confirmed the club paid for the pitch.....
Click to expand...

Does it?
 
Reactions: pusbccfc and SkyBlueSam01

alexccfc99

Well-Known Member
  • Oct 30, 2022
  • #6,472
The kick them out the league brigade at Sunderland and Blues are frothing at the mouth again
 
Reactions: Evo1883

Liquid Gold

Well-Known Member
  • Oct 30, 2022
  • #6,473
AFCCOVENTRY said:
Honestly think some fans are getting too worked up here. This is going 2 ways:

1) Sisu + a partner will be a preferred bidder for acl in administration.

2) Sisu fail with a bid or maybe won’t even bid. In this scenario any new owner of ACL will need CCFC to play at the arena.

With the later scenario, it might mean it’s only a game or 2 that has to be played elsewhere unless the administrator and potential new owner allow CCFC to play at the arena until all sorted.
Click to expand...
Scenario 2 means we end up with sisu as owners in perpetuity as nobody will pay their asking price for a club without a stadium.
 
Reactions: shmmeee, SkyBlueSam01 and Nick

AFCCOVENTRY

Well-Known Member
  • Oct 30, 2022
  • #6,474
Also regarding the pitch. It ends up cost neutral to us. We put in upfront costs which means the rent is reduced to compensate. Balances out.

Boddy - This has been combined with the Club providing initial finance for the pitch improvements, though overall we will not pay any additional costs on top of our rent agreement at the Arena.
 

Nick

Administrator
  • Oct 30, 2022
  • #6,475
Liquid Gold said:
Scenario 2 means we end up with sisu as owners in perpetuity as nobody will pay their asking price for a club without a stadium.
Click to expand...
I'm still hoping somebody will take us and ACL.

However I'm not sure how possible it's going to be.

I'll keep dreaming
 
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