HuckerbyDublinWhelan
Well-Known Member
If the American investor is true - he’s effectively the new owner. The SISU share is effectively holding onto the hope we get promoted
If the American investor is true - he’s effectively the new owner. The SISU share is effectively holding onto the hope we get promotedIn the proposed scenario, who is actually responsible for funding the club?
Great news club and CBS will be linked, but definitely going to be interesting to see how roles and responsibilities are finalised.
Surely it’s good for the club, but I’m hoping it means more than just the club is the club and it’s expected to fund itself without investment from above?
If it was 51% they would have the controlling amount. If that happens.Saddle the American investor , would they be our new owner or sisu still ? Can't work out what uou meant
We'll incorporate Swindon
We'd still be at Highfield Road if Richardson had not been forced out
So sisu wouldn't be our main owners anymore ? With 49% the Americans would be the main playerIf it was 51% they would have the controlling amount. If that happens.
So co owners with sisu
We'll incorporate Swindon
Must be an extension then.
Please NoWe really should have kept the sticky threads of Godiva and OSB re the history of all this .
Anyway to pull them from the server?
Nah, just Trish Adudu on at the mo, it might get better after 6Do I listen to cwr on my way home?
So sisu wouldn't be our main owners anymore ? With 49% the Americans would be the main player
Fuck it, saying it, kept it quiet for days if I'm wrong I'm wrong and he gets a whack
American investors, introduced by/ somehow linked into SISU have been over here for a week or so
New investor buys the CBS, gets 51% of the football club and then the SISU are saving money on rent etc. We make match day revenue and get a cut of the exhibitions/concerts/events etc.
The new investor either buys SISU out, a new owner comes in and buys everyone out or SISU sit pretty with their 49% and reap the rewards of the stadium ownership without ever having to buy it
Wouldn't an extension be filed?
Saddle the American investor , would they be our new owner or sisu still ? Can't work out what uou meant
Can’t wait for the sports direct outlet in the exhibition hallI’m hearing a Sports Direct lorry with a load of clearance items has turned up at the CBS,
I read it like you did, which is why I thought somehow whoever gets the stadium might want both Wasps and CCFC because P share etc.
Bottom line: haven’t the foggiest
Probably the announcement tomorrow.Wouldn't an extension be filed?
It has expired hadn't it?Probably the announcement tomorrow.
I guess if the NOI expires then main creditors can technically pounce.
In this case, if there is viable proposal that can be presented to the Trustees of the bonds, Compass etc. that shows serious progress and a potential solvent sale then why would they pull the plug?
That’s my take.
Reading the Wasps bond chat there may be doubt on the p sharesAs I understand it then...
Wasps going into administration means that they have to start in the Championship next season, subject to RFU approval (fit & proper owners, 5 year business plan, proof of sustainability etc.).
It also means the P shares are sold back to the Premier League at a price determined by an agreed formula (about £9m).
The bondholders have a first charge on that anything realised by the sale of the shares, it was part of the security for the bond issue, so that money goes to them.
I can't see any way that Wasps get out of this, it's basically where Worcester are right now.
The details are beyond me, but it was a huge development made more complex and expensive by the land contamination. Whatever happened, I just don’t think it’s plausible or legally feasible that the Council stole millions of pounds belonging to CCFC.We really should have kept the sticky threads of Godiva and OSB re the history of all this .
Anyway to pull them from the server?
Too much confusion at just what happened at the start
What have they said? They seemed to think they had security over that?Reading the Wasps bond chat there may be doubt on the p shares
Something around the club being sold on, might explain the timing on that?
That makes sense, but it’s security. If the stadium lease sale exceeds the bond and other creditors (ie the P share money isn’t needed to cover the guarantee), the Wasp P share goes to the Wasps in Admin (and gets swallowed up by HMRC etc)As I understand it then...
Wasps going into administration means that they have to start in the Championship next season, subject to RFU approval (fit & proper owners, 5 year business plan, proof of sustainability etc.).
It also means the P shares are sold back to the Premier League at a price determined by an agreed formula (about £9m).
The bondholders have a first charge on that anything realised by the sale of the shares, it was part of the security for the bond issue, so that money goes to them.
I can't see any way that Wasps get out of this, it's basically where Worcester are right now.
Was going to say it would be handy and just wait and see how Robins and backroom get to play with hopefully a bit more resource?The biggest downside to Ashley is he'd probably sack Robins and appoint Steve Bruce
You'd think any bidder for the football club would want a professional in to run the exhibition side of it. Linking up with the NEC would make sense. Would you'd assume also be of interest to them as they get to run the part they want without having to pay for the stadium as well.Gilbert just suggested that bidders may join forces.
ever entertained the idea you may be wrong tho???The details are beyond me, but it was a huge development made more complex and expensive by the land contamination. Whatever happened, I just don’t think it’s plausible or legally feasible that the Council stole millions of pounds belonging to CCFC.
Yes and no. Always the risk of them having conflicts about which act where, which conference where, at the moment they are kind of rivals. Could get messy.You'd think any bidder for the football club would want a professional in to run the exhibition side of it. Linking up with the NEC would make sense. Would you'd assume also be of interest to them as they get to run the part they want without having to pay for the stadium as well.
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