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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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Nick

Administrator
  • Oct 31, 2022
  • #7,316
Evo1883 said:
We've already been told they aren't in for the stadium though
Click to expand...
I'm always expecting surprises.
 
Reactions: Hiraeth and Evo1883

jordan210

Well-Known Member
  • Oct 31, 2022
  • #7,317
Nick said:
I'm always expecting surprises.
Click to expand...


 
Reactions: larry_david and MacReady

Nick

Administrator
  • Oct 31, 2022
  • #7,318
TomRad85 said:
I think you are now probably the only person who thinks Wasps are somehow going to end up with the ground.
Click to expand...
Probably.

I still find the Richardson silence strange, just walking away with nothing.

I always prepare for these types of surprises.
 
Reactions: Skyblueweeman and TomRad85
B

Brighton Sky Blue

Well-Known Member
  • Oct 31, 2022
  • #7,319
Evo1883 said:
Problem is ACL isn't in admin yet
Click to expand...

It's owned by Wasps Holdings, which is
 

Liquid Gold

Well-Known Member
  • Oct 31, 2022
  • #7,320
I think Richardson’s only involvement is getting as much of his money back as he can from whoever wants the club. Feel better today.
 
Reactions: duffer

jordan210

Well-Known Member
  • Oct 31, 2022
  • #7,321

They can bugger off. Ask CCC or wasps for a pint
 
Reactions: skybluepm2, duffer, Skyblueweeman and 2 others

Evo1883

Well-Known Member
  • Oct 31, 2022
  • #7,322
Brighton Sky Blue said:
It's owned by Wasps Holdings, which is
Click to expand...
Roger that
 

shmmeee

Well-Known Member
  • Oct 31, 2022
  • #7,323
Just catching up. One question @Saddlebrains - I’m assuming an investor means investment in the playing side and not just buying the arena?

Literally all I want out of this is a January window that isn’t just us selling Vik and Cal on deadline day. Bring back the hope of the last few seasons.
 
Reactions: djr8369 and duffer
R

robbiethemole

Well-Known Member
  • Oct 31, 2022
  • #7,324
jordan210 said:

They can bugger off. Ask CCC or wasps for a pint
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fucking joke that, they've not been put out at all
 
Reactions: Skyblueweeman and theferret
B

Brighton Sky Blue

Well-Known Member
  • Oct 31, 2022
  • #7,325
jordan210 said:

They can bugger off. Ask CCC or wasps for a pint
Click to expand...

Think if anybody owes anyone they still owe us a couple of hundred thousand pints for the Hyam sale
 
Reactions: skybluepm2, Sick Boy, duffer and 10 others

Evo1883

Well-Known Member
  • Oct 31, 2022
  • #7,326
robbiethemole said:
fucking joke that, they've not been put out at all
Click to expand...
Little bit , couldn't make plans etc

Not massively though
 

fernandopartridge

Well-Known Member
  • Oct 31, 2022
  • #7,327
shmmeee said:
Just catching up. One question @Saddlebrains - I’m assuming an investor means investment in the playing side and not just buying the arena?

Literally all I want out of this is a January window that isn’t just us selling Vik and Cal on deadline day. Bring back the hope of the last few seasons.
Click to expand...

Knowing our luck any investor we'd get will have leveraged the purchase on the basis of selling Vik, O'Hare and Hamer in January.
 
Reactions: djr8369
W

wingy

Well-Known Member
  • Oct 31, 2022
  • #7,328
robbiethemole said:
you saw LG's answer, and it is possible the Council kept the money, fuck me they've just funded Tom White Waste for £m++++

the Club sold HR for £5m, with an option to go back if the Ricoh didn't work out, and pay back the money. They bought the land from British gas for £2m for 88 acres of contaminated land and estimated £8m to clean it up. They sold 30 acres to Tesco for £66.5m, so had enough to develop the rest, 30 acres for themselves, with stadium, car parks shops and some left over.
it cost c £15m to decontaminate the land so CCC stepped in and John McGuigan tried to take the project over and subsequently the council took the Tesco deal from CCFC and kept the money. I don't know how that fits with any other narrative.
Click to expand...
The land deal got taken over by the Dutch who were short of,£15M we couldn't pay them as I recall,the rest was covered by grants .
I assume they got their £15M out the land. deal.
The consequence of that being higgs taking over the club's input and the council putting £10M into Coventry Regeneration North.
 
R

robbiethemole

Well-Known Member
  • Oct 31, 2022
  • #7,329
fernandopartridge said:
Knowing our luck any investor we'd get will have leveraged the purchase on the basis of selling Vik, O'Hare and Hamer in January.
Click to expand...
Fuck me, don't even think things like that !!!
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 31, 2022
  • #7,330
fernandopartridge said:
Knowing our luck any investor we'd get will have leveraged the purchase on the basis of selling Vik, O'Hare and Hamer in January.
Click to expand...

Better hope Big Mike is willing to give them more
 
Reactions: wingy
C

CCFCSteve

Well-Known Member
  • Oct 31, 2022
  • #7,331
Brighton Sky Blue said:
Because he has to accept whatever gives the creditors the biggest return. Likewise if Mike Ashley offers more than anyone else for ACL he'll get it, equally in the case of the joint bid
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Agreed. Only additional point is timescale and certainty of deal completion. For example, a lower offer might be accepted if the higher offer might take too long and there are risks the party might not complete.…unless they funded trading while the deal was done.
 
Reactions: wingy
R

robbiethemole

Well-Known Member
  • Oct 31, 2022
  • #7,332
wingy said:
The land deal got taken over by the Dutch who were short of,£15M we couldn't pay them as I recall,the rest was covered by grants .
I assume they got their £15M out the land. deal.
The consequence of that being higgs taking over the club's input and the council putting £10M into Coventry Regeneration North.
Click to expand...
I think you're right, but the Council always had the balance of the money and even then were determined to screw the Club over.

Anyway wingy, we're both on the same side so lets be glad Wasps look to be going away and the Club looks to be saved for now.
 
Reactions: shmmeee
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 31, 2022
  • #7,333
Nick said:
Wasps and the council involved..

This screams Richardson.
Click to expand...
You’re really hoping it’s Richardson aren’t you
 

The Philosopher

Well-Known Member
  • Oct 31, 2022
  • #7,334
CCFCSteve said:
Agreed. Only additional point is timescale and certainty of deal completion. For example, a lower offer might be accepted if the higher offer might take too long and there are risks the party might not complete.…unless they funded trading while the deal was done.
Click to expand...
The best offer isn’t necessarily the highest offer, this is where SISU have cards to play.

A high offer but hostile SISU may not be better than a tamed SISU and lower offer.

That 10 year lease might well have been good foresight.
 

Otis

Well-Known Member
  • Oct 31, 2022
  • #7,335
shmmeee said:
Just catching up. One question @Saddlebrains - I’m assuming an investor means investment in the playing side and not just buying the arena?

Literally all I want out of this is a January window that isn’t just us selling Vik and Cal on deadline day. Bring back the hope of the last few seasons.
Click to expand...
I have no problem at all in selling O'Hare and Gyokeres, as long that then paves the way for Messi and Mbappe
 
Reactions: duffer and Sky Blue Pete

shmmeee

Well-Known Member
  • Oct 31, 2022
  • #7,336
Otis said:
.
Click to expand...

Sell a 24 year old and sign a 35 year old journeyman? Are you Mike McGinnity?
 
Reactions: Sky Blue Pete

SeaSeeEffCee

Well-Known Member
  • Oct 31, 2022
  • #7,337
I’ll get excited about a new owner when an official statement is out and there is proof they’re actually investing in the club. Until then it’s all just talk.
 
Reactions: CCFCSteve, Otis and Calista

hill83

Well-Known Member
  • Oct 31, 2022
  • #7,338

 
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shmmeee

Well-Known Member
  • Oct 31, 2022
  • #7,339
hill83 said:
View attachment 26920
View attachment 26921
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Stop it you’ll make @Earlsdon_Skyblue1 cry
 

Otis

Well-Known Member
  • Oct 31, 2022
  • #7,340
shmmeee said:
Sell a 24 year old and sign a 35 year old journeyman? Are you Mike McGinnity?
Click to expand...
What a journey he's been on though.
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 31, 2022
  • #7,341
CCFCSteve said:
Agreed. Only additional point is timescale and certainty of deal completion. For example, a lower offer might be accepted if the higher offer might take too long and there are risks the party might not complete.…unless they funded trading while the deal was done.
Click to expand...

In Ashley's case we know he has all the capital to hand.
 
Reactions: wingy
A

AndreasB

Well-Known Member
  • Oct 31, 2022
  • #7,342
robbiethemole said:
fucking joke that, they've not been put out at all
Click to expand...

They can ask Waggott for it. See how far that gets them.


Sent from my iPhone using Tapatalk
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 31, 2022
  • #7,343
AndreasB said:
They can ask Waggott for it. See how far that gets them.


Sent from my iPhone using Tapatalk
Click to expand...
Probably should - he’s one of the cunts who put us in this position
 
T

thekidfromstrettoncamp

Well-Known Member
  • Oct 31, 2022
  • #7,344
shmmeee said:
Sell a 24 year old and sign a 35 year old journeyman? Are you Mike McGinnity?
Click to expand...
Your cover has been blown Otis .
 

Johnnythespider

Well-Known Member
  • Oct 31, 2022
  • #7,345
hutch1972 said:
Newcastle fans have always had a very over inflated opinion of their status.
Click to expand...
Careful you'll have Sunderland fans agreeing with you
 

Tommo1993

Well-Known Member
  • Oct 31, 2022
  • #7,346
Heard that wasps steward this morning on CWR, who couldn’t help but take a little swipe at football before the end of the conversation.
 
Reactions: pusbccfc and I_Saw_Shaw_Score

Liquid Gold

Well-Known Member
  • Oct 31, 2022
  • #7,347
Tommo1993 said:
Heard that wasps steward this morning on CWR, who couldn’t help but take a little swipe at football before the end of the conversation.
Click to expand...
Can’t wait till they’re confirmed as being out of the city and we don’t have to hear a thing about them.
 
Reactions: djr8369, Kneeza, Gaz71 and 3 others

Grendel

Well-Known Member
  • Oct 31, 2022
  • #7,348
Nick said:
Who's accepted a bid from club legends and others....
Click to expand...

That’s for the rugby club only to save it and no other assets - the council will not want wasps back here
 
Reactions: hutch1972

hill83

Well-Known Member
  • Oct 31, 2022
  • #7,349
robbiethemole said:
fucking joke that, they've not been put out at all
Click to expand...

Of course they have been put out. Coventry is well known for a massive Tuesday night out and most of their lot have now missed that once in a lifetime opportunity due to all of this.

Most would have made a few nights out of it.
 
Reactions: lordy_87, duffer, robbiethemole and 2 others
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 31, 2022
  • #7,350
Grendel said:
That’s for the rugby club only to save it and no other assets - the council will not want wasps back here
Click to expand...
What in the city of rugby?
 
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