Non AMP
Sky Blues Talk
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Wasps going into admin & the impact on CCFC (13 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
Forums New posts
Status
Not open for further replies.
Prev
  • 1
  • …
  • 189
  • 190
  • 191
  • 192
  • 193
  • …
  • 376
Next
First Prev 191 of 376 Next Last
C

CCFCSteve

Well-Known Member
  • Oct 30, 2022
  • #6,651
Philosorapter said:
I wonder if ACL will sue for breach of licence and loss of earnings. Must be worth a lot of dosh to ACL if wasps play elsewhere.

P53 of the prospectus.

View attachment 26889
Click to expand...

They won’t be able to sue the new wasps as they’ll be a new entity so won’t have any obligations under previous lease. ACL would probably just be a creditor in the old wasps administration for any claim
 

Evo1883

Well-Known Member
  • Oct 30, 2022
  • #6,652
jordan210 said:
If anyone wants a chuckle.Lovely bunch

Always a Wasp - Index

Always a Wasp - Index
onceawasp.com
Click to expand...

I couldn't give a shit what they think tbh , they have bigger worries than us having a parent plan with HMTC
 
Reactions: hill83

Nick

Administrator
  • Oct 30, 2022
  • #6,653
Grendel said:
I don’t understand why you are sticking laughing emojis as if this is a game

it’s a sign of cash flow distress over what is i would hope a relatively low level of debt.

if the next 3 games aren’t played at home I assume ticketmaster still pay the club but I think customers are entitled to refund so could be 39,000 refunds and the cost of moving games

There are 3 payments still to make on I assume a quarterly PAYE return (?) with another due early new year

It can be “sorted” by selling another asset to pay for it. That’s what will happen

Not exactly hilarious is it
Click to expand...


And all the while you will blame Dave boddy and go off rumours you have heard.
 

torchomatic

Well-Known Member
  • Oct 30, 2022
  • #6,654
Nick said:
No we haven't. We have a payment plan
Click to expand...

PayPal pay in three.
 
Reactions: Otis and Nick

Philosoraptor

Well-Known Member
  • Oct 30, 2022
  • #6,655
CCFCSteve said:
They won’t be able to sue the new wasps as they’ll be a new entity so won’t have any obligations under previous lease. ACL would probably just be a creditor in the old wasps administration for any claim
Click to expand...

Surely if it is a new entity then wasps would need to climb the rugby ladder again from the bottom up as what happened to Rangers with football.
 

Philosoraptor

Well-Known Member
  • Oct 30, 2022
  • #6,656
I believe any resurrection of wasps is tied directly into wasps holdings and the group of companies.

Such fun!
 
S

SBT

Well-Known Member
  • Oct 30, 2022
  • #6,657
Nick said:
Yeah, they don't realise the situation do they


Hopefully Grendel and SBT take me up on my charity bet that this HMRC thing will be sorted by the end of the year.
Click to expand...

I’m sure all of CCFC’s financial problems will be totally sorted by the end of the year - Boddy’s statement says there was nothing to worry about!

Anyway - how about those Wasps fans? So naive!
 
C

CCFCSteve

Well-Known Member
  • Oct 30, 2022
  • #6,658
Philosorapter said:
Surely if it is a new entity then wasps would need to climb the rugby ladder again from the bottom up as what happened to Rangers with football.
Click to expand...

Who knows the rugby rules…they appear to make them up as they go along.
 

shmmeee

Well-Known Member
  • Oct 30, 2022
  • #6,659
Philosorapter said:
Surely if it is a new entity then wasps would need to climb the rugby ladder again from the bottom up as what happened to Rangers with football.
Click to expand...

We didn’t have to when we became Otium. I thought as long as you weren’t liquidated you can just pick the bones of the old company and crack on.
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 30, 2022
  • #6,660
CCFCSteve said:
Who knows the rugby rules…they appear to make them up as they go along.
Click to expand...

Goes for the games as well. Penalty for 'not releasing' when under a pack of 20 stone men but nothing for grabbing someone's bollocks in the scrum
 
Reactions: Calista and shmmeee

Nick

Administrator
  • Oct 30, 2022
  • #6,661
SBT said:
I’m sure all of CCFC’s financial problems will be totally sorted by the end of the year - Boddy’s statement says there was nothing to worry about!

Anyway - how about those Wasps fans? So naive!
Click to expand...

As I said, £50 charity bet the HMRC issue will be sorted by the end of the year.

Are you in or going to try and be funny to get likes off Grendel who's still upset his rumours were wrong?
 
Reactions: Skyblueweeman

Liquid Gold

Well-Known Member
  • Oct 30, 2022
  • #6,662
Do you think we could get the stadium on Klarna?
 
Reactions: rexo87, torchomatic and Nick
D

Deleted member 5849

Guest
  • Oct 30, 2022
  • #6,663
shmmeee said:
We didn’t have to when we became Otium. I thought as long as you weren’t liquidated you can just pick the bones of the old company and crack on.
Click to expand...
I actually thought it somewhat dubious the way we were allowed to exit administration tbh, it appeared, charitably, to stretch the rules to their limit. I suspect there was some kind of deal agreed so we didn't sue the football league to buggery while we were suing everyone else!
 

Philosoraptor

Well-Known Member
  • Oct 30, 2022
  • #6,664
It would want you to liquidate ACL almost immediately.
 

Otis

Well-Known Member
  • Oct 30, 2022
  • #6,665
Liquid Gold said:
Do you think we could get the stadium on Klarna?
Click to expand...
Yes, has a ring to it. The Klarna Indebted Stadium.
 
Reactions: pusbccfc and torchomatic

shmmeee

Well-Known Member
  • Oct 30, 2022
  • #6,666
So ACL has to go into either admin or liquidation tomorrow right? Or could there be another stay of execution. What does the Wasps takeover mean? Could they just buy it off the Wasps guy off the market?
 

shmmeee

Well-Known Member
  • Oct 30, 2022
  • #6,667
Otis said:
Yes, has a ring to it. The Klarna Indebted Stadium.
Click to expand...

Wasps games have been interest free for a while.
 
Reactions: OldBedrocker, ccfcrob, SkyBlueSam01 and 8 others

alexccfc99

Well-Known Member
  • Oct 30, 2022
  • #6,668
jordan210 said:
If anyone wants a chuckle.Lovely bunch

Always a Wasp - Index

Always a Wasp - Index
onceawasp.com
Click to expand...

They’re scum and our future is still more rosy than theirs is looking

Shame on any CCFC ‘fan’ who wanted to go and be part of that cult in my opinion
 
Reactions: no_loyalty and TomRad85
B

Brighton Sky Blue

Well-Known Member
  • Oct 30, 2022
  • #6,669
Nick said:
As I said, £50 charity bet the HMRC issue will be sorted by the end of the year.

Are you in or going to try and be funny to get likes off Grendel who's still upset his rumours were wrong?
Click to expand...

How about you just give £50 to charity now and wager internet points instead?
 
Reactions: Deleted member 5849

Otis

Well-Known Member
  • Oct 30, 2022
  • #6,670
shmmeee said:
Wasps games have been interest free for a while.
Click to expand...
Free from interest for most at least
 
P

Peter Billing Eyes

Well-Known Member
  • Oct 30, 2022
  • #6,671
Grendel said:
I don’t understand why you are sticking laughing emojis as if this is a game

it’s a sign of cash flow distress over what is i would hope a relatively low level of debt.

if the next 3 games aren’t played at home I assume ticketmaster still pay the club but I think customers are entitled to refund so could be 39,000 refunds and the cost of moving games

There are 3 payments still to make on I assume a quarterly PAYE return (?) with another due early new year

It can be “sorted” by selling another asset to pay for it. That’s what will happen

Not exactly hilarious is it
Click to expand...
You would have to be some kind of a dickhead to demand a refund knowing it could seriously jeopardise the football club, though?
 
Reactions: slyblue57 and chiefdave

Perryccfc

Well-Known Member
  • Oct 30, 2022
  • #6,672
Listen I’ve got about £2k left on my company card, I’m bidding for the stadium tomorrow
 
Reactions: AOM, Nick and larry_david
C

CCFCSteve

Well-Known Member
  • Oct 30, 2022
  • #6,673
Philosorapter said:
I believe any resurrection of wasps is tied directly into wasps holdings.
Click to expand...

I forget which entities gave got what assets and liabilities/obligations. If its holdings that are a party to the ACL lease and they avoid insolvency, then I agree, they might well have ongoing obligations to ACL. However, if ACL go into administration or liquidation there might be an insolvency clause in the lease which means the lease could be terminated anyway

It’s so hard to comment on stuff without having all the info. Just a bit of guesswork really

Ps that’s why I try not to get too worked up about stuff yet and just letting it play out really.
 
Reactions: hammerman
S

SBT

Well-Known Member
  • Oct 30, 2022
  • #6,674
Nick said:
As I said, £50 charity bet the HMRC issue will be sorted by the end of the year.

Are you in or going to try and be funny to get likes off Grendel who's still upset his rumours were wrong?
Click to expand...

Your charity bet (which I won’t be taking) isn’t relevant to my point. I’m sure plenty of naive Wasps fans would have happily offered (and won!) bets over the years that Wasps weren’t imminently going bust. Just another thing that you would have in common.
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 30, 2022
  • #6,675
Peter Billing Eyes said:
You would have to be some kind of a dickhead to demand a refund knowing it could seriously jeopardise the football club, though?
Click to expand...

Blame the illustrious ownership for jeapordising the football club, not the 13,000 people who put in hundreds of pounds each in the summer.
 
Reactions: robbiethemole, I_Saw_Shaw_Score, letsallsingtogether and 1 other person
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 30, 2022
  • #6,676
alexccfc99 said:
They’re scum and our future is still more rosy than theirs is looking

Shame on any CCFC ‘fan’ who wanted to go and be part of that cult in my opinion
Click to expand...
They’re only doing what we did to them. What they fail to understand in general is regardless of how much shit were in, as a reasonable size football club we’ll always attract someone in the worst case scenario.

as a rugby fan they’re just bitter that nobody gives that much of a shit about their sport
 
Reactions: Skyblueweeman
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 30, 2022
  • #6,677
Perryccfc said:
Listen I’ve got about £2k left on my company card, I’m bidding for the stadium tomorrow
Click to expand...
I’ve got 3k on mine - joint consortium? I know someone who’ll do the repairs aswell
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 30, 2022
  • #6,678
HuckerbyDublinWhelan said:
They’re only doing what we did to them. What they fail to understand in general is regardless of how much shit were in, as a reasonable size football club we’ll always attract someone in the worst case scenario.

as a rugby fan they’re just bitter that nobody gives that much of a shit about their sport
Click to expand...

No solid interest in 15 years unless we count Haskell North End. You're generally right though, basically every other club gets a white knight in the end.
 
S

SBT

Well-Known Member
  • Oct 30, 2022
  • #6,679
Peter Billing Eyes said:
You would have to be some kind of a dickhead to demand a refund knowing it could seriously jeopardise the football club, though?
Click to expand...

…….no?
 
P

Peter Billing Eyes

Well-Known Member
  • Oct 30, 2022
  • #6,680
Brighton Sky Blue said:
Blame the illustrious ownership for jeapordising the football club, not the 13,000 people who put in hundreds of pounds each in the summer.
Click to expand...
Didn’t say I blamed them, just said you would have to be some kind of a dickhead to prioritise the cost of 3 games over the future of the club. Hope you get your refund back by the way.
 
Reactions: SkyBlueSam01

shmmeee

Well-Known Member
  • Oct 30, 2022
  • #6,681
Brighton Sky Blue said:
No solid interest in 15 years unless we count Haskell North End. You're generally right though, basically every other club gets a white knight in the end.
Click to expand...

Do wonder how much of that is killed at birth by silly demands. The assumption has always been because they want the stadium, guess we’re about to find out. The if we were openly up for sale we’d see some serious bidders emerge.
 
Reactions: CCFCSteve and HuckerbyDublinWhelan
P

Peter Billing Eyes

Well-Known Member
  • Oct 30, 2022
  • #6,682
SBT said:
…….no?
Click to expand...
Really? Is that the price you put on the future of the club.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 30, 2022
  • #6,683
Brighton Sky Blue said:
No solid interest in 15 years unless we count Haskell North End. You're generally right though, basically every other club gets a white knight in the end.
Click to expand...
That’s the element of the current owners not wanting to sell.

if he admin comes calling, and SISU wanted out. Somebody would pick us up
 
Reactions: duffer
B

Brighton Sky Blue

Well-Known Member
  • Oct 30, 2022
  • #6,684
Peter Billing Eyes said:
Didn’t say I blamed them, just said you would have to be some kind of a dickhead to prioritise the cost of 3 games over the future of the club. Hope you get your refund back by the way.
Click to expand...

I didn't say I was claiming a refund, but midweek games are difficult enough to get to for me as they are, never mind wherever we choose for the next farce.

The real people jeapordising the club are those who refuse to provide even short term finance to help with cash flow, but equally refuse to entertain bids to leave.
 
Reactions: skybluepm2, Danceswithhorses, duffer and 1 other person

MalcSB

Well-Known Member
  • Oct 30, 2022
  • #6,685
MTK said:


Not buying that. Seeing as the Wasps experiment has shown we are the ONLY viable long-term tennant I very much doubt whoever gets the lease won't see us as a vital part of the business
Click to expand...
Assumes the buyer wants to keep the football pitch part of the complex. If they are the buyers, NEC Group aren’t much into sport are they? What’s to stop them knocking down the stands and creating more exhibition/indoor event space?
[/QUOTE]
The need for planning permission.
 
Prev
  • 1
  • …
  • 189
  • 190
  • 191
  • 192
  • 193
  • …
  • 376
Next
First Prev 191 of 376 Next Last
Status
Not open for further replies.

Users who are viewing this thread

Total: 10 (members: 0, guests: 10)
Share:
Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
  • Default Style
  • Contact us
  • Terms and rules
  • Privacy policy
  • Help
  • Home
Community platform by XenForo® © 2010-2021 XenForo Ltd.
Menu
Log in

Register

  • Home
  • Forums
    • New posts
    • Search forums
  • What's new
    • New posts
    • Latest activity
  • Members
    • Current visitors
  • Donate to the Season Ticket Fund
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?