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Wasps going into admin & the impact on CCFC (10 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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Skyblueweeman

Well-Known Member
  • Oct 31, 2022
  • #6,931
Deleted member 5849 said:
Chris Rea
Click to expand...

I think you're right. It's coming into that time of year when his royalties start picking up.

'Driving to the CBS Arena for Christmas' isn't as catchy mind.
 
Reactions: vow
D

Deleted member 5849

Guest
  • Oct 31, 2022
  • #6,932
Skyblueweeman said:
I think you're right. It's coming into that time of year when his royalties start picking up.

'Driving to the CBS Arena for Christmas' isn't as catchy mind.
Click to expand...
Arena is on the Road to Hell though
 
Reactions: torchomatic, Skyblueweeman and chiefdave

Calista

Well-Known Member
  • Oct 31, 2022
  • #6,933
chiefdave said:
Hope there's an extension until the WC break
Click to expand...
Just go to the toilet now CD, nothing will be announced for at least another hour
 
Reactions: DazzleTommyDazzle and chiefdave

Otis

Well-Known Member
  • Oct 31, 2022
  • #6,934
TomRad85 said:
In my mind it's going to play out in public, Wrestling style and last minute Ashley is going to strut in and tombstone Fisher.

Sent from my SM-G973F using Tapatalk
Click to expand...
Ooh, I like that as a nickname and he shall be known as such from this day forwards.

Tombstone Fisher.
 
Reactions: vow and robbiethemole

Skyblueweeman

Well-Known Member
  • Oct 31, 2022
  • #6,935
chiefdave said:
How have they ended up owing loads to Delaware / Compass?
Click to expand...

Because money that should've gone to Delaware/Compass was obviously spent on their playing squad to make them the most successful team on the planet.

Oh, wait....

And flags. They bought lots of flags.
 
Reactions: vow and torchomatic

Skyblueweeman

Well-Known Member
  • Oct 31, 2022
  • #6,936
I've now come to the realisation that I'm likely to get very little* work today.



* Any
 
Reactions: CCFCSteve, MusicDating, Sbarcher and 3 others

Nick

Administrator
  • Oct 31, 2022
  • #6,937
torchomatic said:
Absolutely. Some on here, who still post, were adamant SISU shouldn't get the stadium as the first thing they'll do is borrow against it. I wonder what Wasps did....
Click to expand...

Pretty sure the Council also said that's why they didn't want SISU to own it...
 
Reactions: vow, robbiethemole and Evo1883

Nick

Administrator
  • Oct 31, 2022
  • #6,938
Skyblueweeman said:
I've now come to the realisation that I'm likely to get very little* work today.



* Any
Click to expand...

Shouldn't you be arranging CCFC a hotel in Walsall?
 
Reactions: montydon87, mark82, MusicDating and 1 other person

Evo1883

Well-Known Member
  • Oct 31, 2022
  • #6,939
Nick said:
Pretty sure the Council also said that's why they didn't want SISU to own it...
Click to expand...
It's become increasingly obvious day by day that the councils deal with wasps was an absolute disaster for the city and arena
 
Reactions: vow, AOM, robbiethemole and 9 others
D

Dhinsa's_Millions

Well-Known Member
  • Oct 31, 2022
  • #6,940
chiefdave said:
We all knew there was significant repair work was needed even if it was yet another thing the Wasps supporters kept insisting we had made up.

Anyone bidding is obviously going to factor that in to their offer.

No way Ashley is bidding for the stadium and not considering the football club at the same time. Who is the other bidder besides SISU and NEC?
Click to expand...
Me obviously - NOW IS THE TIME!
 
Reactions: RegTheDonk, olderskyblue and Skyblueweeman

COVKIDSNEVERQUIT

Well-Known Member
  • Oct 31, 2022
  • #6,941
HuckerbyDublinWhelan said:
I mean if we end up with the stadium - do we owe Sepalla and Fisher an apology? Turns out they were right all along
Click to expand...


The football club would still be tenants.
 
Reactions: Sky Blue Pete

Gray

Well-Known Member
  • Oct 31, 2022
  • #6,942
chiefdave said:
How have they ended up owing loads to Delaware / Compass? Don't they run things themselves? I would have thought they'd take all the money and then pay ACL any share owned.

From all the press releases about record breaking deals it was made to sound like Delaware / Compass were paying ACL significant amounts not the other way round.
Click to expand...


Delaware came in after Compass didn't get paid.. They gave Wasps money to pay off debt but Wasps didn't pay it
 

oldskyblue58

CCFC Finance Director
  • Oct 31, 2022
  • #6,943
chiefdave said:
How have they ended up owing loads to Delaware / Compass? Don't they run things themselves? I would have thought they'd take all the money and then pay ACL any share owned.

From all the press releases about record breaking deals it was made to sound like Delaware / Compass were paying ACL significant amounts not the other way round.
Click to expand...

Turnover is through iec so expect acl had control of the bank account. Basically it looks to me like the trading account was not up to date plus didn't delaware put a few million in upfront for the trading rights?
 

COVKIDSNEVERQUIT

Well-Known Member
  • Oct 31, 2022
  • #6,944
Skyblueweeman said:
W@$ps literally loaded all their debt onto the stadium so they could resurrect so much easier.

W@nkers.
Click to expand...


Devious Bastard's.
 
Reactions: SBQuin, AOM, torchomatic and 2 others

fernandopartridge

Well-Known Member
  • Oct 31, 2022
  • #6,945
chiefdave said:
How have they ended up owing loads to Delaware / Compass? Don't they run things themselves? I would have thought they'd take all the money and then pay ACL any share owned.

From all the press releases about record breaking deals it was made to sound like Delaware / Compass were paying ACL significant amounts not the other way round.
Click to expand...

The contract or concession with Compass was terminated early wasn't it? So it's likely compensation for an early termination.

Likewise, with Delaware it's a joint venture and I guess Delaware put the capital up.
 

Covcraig@bury

Well-Known Member
  • Oct 31, 2022
  • #6,946
This debacle is making my piss boil .
 
Reactions: Calista

Skyblueweeman

Well-Known Member
  • Oct 31, 2022
  • #6,947
Nick said:
Shouldn't you be arranging CCFC a hotel in Walsall?
Click to expand...

Already booked.

 
Reactions: vow, CCFCSteve and duffer

Sky Blue Pete

Well-Known Member
  • Oct 31, 2022
  • #6,948
chiefdave said:
Hope there's an extension until the WC break and then they get something a bit longer term sorted while that's going on.

Not necessarily expecting a deal to be completed that quickly but at least get something in place so we're not waiting for confirmation every week that we can actually play.
Click to expand...
Shouldn’t have got to the point really where ccfc felt they may have to move, duggins was moving heaven and earth to ensure we could play
 

edgy

Well-Known Member
  • Oct 31, 2022
  • #6,949
Nick said:
Shouldn't you be arranging CCFC a hostel in Walsall?
Click to expand...

Edited that for you.
 
Reactions: vow, montydon87 and Nick

Nick

Administrator
  • Oct 31, 2022
  • #6,950
Sky Blue Pete said:
Shouldn’t have got to the point really where ccfc felt they may have to move, duggins was moving heaven and earth to ensure we could play
Click to expand...

I think it is always better to have a backup plan, surely?
 
Reactions: SBbucks

Calista

Well-Known Member
  • Oct 31, 2022
  • #6,951
The three interested parties specifically mentioned by Gilbert are Sisu, NEC and Ashley. Those 3 will be coming at this from completely different angles. Do they have to make completely independent blind bids or does the Admin process provide scope for those parties to cooperate / join forces in any way?
 

Skyblueweeman

Well-Known Member
  • Oct 31, 2022
  • #6,952
edgy said:
Edited that for you.
Click to expand...

To be fair, the club stays in decent hotels for away fixtures.

Only because I sort them though ;-)
 
Reactions: robbiethemole, Saddlebrains, duffer and 1 other person
D

Deleted member 5849

Guest
  • Oct 31, 2022
  • #6,953
Skyblueweeman said:
To be fair, the club stays in decent hotels for away fixtures.

Only because I sort them though ;-)
Click to expand...
Use the Britannia chain a lot, do you?
 
Reactions: Brylowes, SomersetSB, MusicDating and 4 others

Earlsdon_Skyblue1

Well-Known Member
  • Oct 31, 2022
  • #6,954
thekidfromstrettoncamp said:
I'M neither A Police Officer or A Councilor but they might think it as defamation and act on it.
Click to expand...

I look forward to hearing the dialogue within the Dutch Police Force when they get a fax from Duggins and Maton.

'Look here boys, we have been sent an extradition order from the United Kingdom.'
'What for, terrorism? War Crimes?'
'No, a person called Earlsdon_Skyblue1 has been posting on a Coventry City Football Club message board called Sky Blues Talk. He made a comment that the city of Coventry councillors are corrupt.'
'Right lads, get the S.W.A.T team ready and put the tanks on standby.'
 
Reactions: KAB and RegTheDonk

Evo1883

Well-Known Member
  • Oct 31, 2022
  • #6,955
At this point, I would love us to be owned by Mike Ashley as let's be honest even if he put 5 million in a season it's money we never get to see here anymore ...
 
Reactions: shmmeee, Brylowes, AOM and 7 others

Nick

Administrator
  • Oct 31, 2022
  • #6,956
Calista said:
The three interested parties specifically mentioned by Gilbert are Sisu, NEC and Ashley. Those 3 will be coming at this from completely different angles. Do they have to make completely independent blind bids or does the Admin process provide scope for those parties to cooperate / join forces in any way?
Click to expand...

All 3 work together, bonus.
 
Reactions: Calista

Nick

Administrator
  • Oct 31, 2022
  • #6,957
Loving somebody angry at SISU for the debt on ACL.
 
Reactions: ccfcchris, Brylowes, AOM and 7 others

Nick

Administrator
  • Oct 31, 2022
  • #6,958
Evo1883 said:
At this point, I would love us to be owned by Mike Ashley as let's be honest even if he put 5 million in a season it's money we never get to see here anymore ...
Click to expand...

I'm the same, although if SISU know Ashley is also bidding for the arena he will want the club too.
 
Reactions: Evo1883

clint van damme

Well-Known Member
  • Oct 31, 2022
  • #6,959
Nick said:
Mike Ashley is a positive sign isn't it? Why would he want the stadium without the football club?
Click to expand...

Everyone at the game tomorrow in Lonsdale and Slazenger , show him some love
 
Reactions: Alkhen, SomersetSB, Danceswithhorses and 10 others

Evo1883

Well-Known Member
  • Oct 31, 2022
  • #6,960
Nick said:
I'm the same, although if SISU know Ashley is also bidding for the arena he will want the club too.
Click to expand...

I think sisu will want out of the club anyway if they don't get the stadium
 

Samo

Well-Known Member
  • Oct 31, 2022
  • #6,961
Deleted member 5849 said:
Chris Rea
Click to expand...

It's his brother Di I feel sorry for.
 
Reactions: GaryMabbuttsLeftKnee and Deleted member 5849

Nick

Administrator
  • Oct 31, 2022
  • #6,962
clint van damme said:
Everyone at the game tomorrow in Lonsdale and Slazenger , show him some love
Click to expand...

Ordering a "No Fear" Hoodie from SD as we speak.
 
Reactions: torchomatic, hill83 and clint van damme

lord_garrincha

Well-Known Member
  • Oct 31, 2022
  • #6,963
Calista said:
The three interested parties specifically mentioned by Gilbert are Sisu, NEC and Ashley. Those 3 will be coming at this from completely different angles. Do they have to make completely independent blind bids or does the Admin process provide scope for those parties to cooperate / join forces in any way?
Click to expand...
I wouldn't be shocked to see a backhander thrown in... here is a pic of the administrator explaining why they have selected Mike Ashley's bid...

 
Reactions: duffer, clint van damme and Evo1883

Nick

Administrator
  • Oct 31, 2022
  • #6,964
Evo1883 said:
I think sisu will want out of the club anyway if they don't get the stadium
Click to expand...

In theory, they would want Ashley to pay less for the Ricoh so he would pay more for the club.
 

Senior Vick from Alicante

Well-Known Member
  • Oct 31, 2022
  • #6,965
oldskyblue58 said:
Dilapidation costs will form part the negotiations certainly, will affect size of any offer or its structure. But they don't have to be paid day 1 and could well be programmed over several years
Click to expand...

Would be interested to know what would cost 13 million to repair, care to hazard a guess? Thats a lot of investment.
 
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