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Wasps going into admin & the impact on CCFC (8 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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Evo1883

Well-Known Member
  • Oct 31, 2022
  • #7,491
shepardo01 said:
Me being paranoid, or are the CovTel up to their anti SISU tricks?.....
Thoughts?.... May there be anything behind this!?.....
Is Richard Keys being readied!??
Click to expand...
Telegraph seem to be very impartial right now , almost slightly pro ccfc
 

Briles

Well-Known Member
  • Oct 31, 2022
  • #7,492
Nuskyblue said:
Some of it is definitely in the offices, they're rotten by all accounts
Click to expand...

Oh really?
Evo1883 said:
Depends what the repairs are
Click to expand...

I'm assuming it's not cosmetic at that cost
 
R

rexo87

Well-Known Member
  • Oct 31, 2022
  • #7,493
CET are so anti Sisu.

Coventry City fans sceptical amid claims Sisu interested in buying CBS Arena

Coventry City stadium news from CoventryLive as the CBS Arena is the subject of interest from potential new owners
www.coventrytelegraph.net

Sent from my SM-G991B using Tapatalk
 
W

wingy

Well-Known Member
  • Oct 31, 2022
  • #7,494
Briles said:
Any idea how a new owner can do 15 million quids worth of repairs without closing the stadium
Click to expand...
Yeah on night?
Tbf we don't know what the problems are but if it's was the precast terracing , I could imagine stuff like that being done without impacting business
Have a feeling they are hi-alumina cement but in theory shouldn't be an issue.
 
Last edited: Oct 31, 2022
Reactions: Briles

Nuskyblue

Well-Known Member
  • Oct 31, 2022
  • #7,495
Briles said:
Oh really?


I'm assuming it's not cosmetic at that cost
Click to expand...
Yea, leaking roofs and pipes. Toilets that don't work, had a mate that worked there. They were a state years ago, I think the company moved due to the state of the place
 
Reactions: Briles and wingy
W

wingy

Well-Known Member
  • Oct 31, 2022
  • #7,496
Nuskyblue said:
Some of it is definitely in the offices, they're rotten by all accounts
Click to expand...
Which bit/aspect has rotted?
 

Nuskyblue

Well-Known Member
  • Oct 31, 2022
  • #7,497
wingy said:
Which bit/aspect has rotted?
Click to expand...
Leaking roofs and pipes, bogs that don't work. Not a nice place to work by all accounts.

Rotten, as in a shit hole. Not literally rotting. Tho it may be with all the moisture and turds from overflowing toilets?
 
Reactions: wingy

Nick

Administrator
  • Oct 31, 2022
  • #7,498
shepardo01 said:
Me being paranoid, or are the CovTel up to their anti SISU tricks?.....
Thoughts?.... May there be anything behind this!?.....
Is Richard Keys being readied!??
Click to expand...
Andy turner didn't seem to get the difference between sisu or ccfc. (Or pretending not to).
 
Reactions: Sky Blue Pete

JAM See

Well-Known Member
  • Oct 31, 2022
  • #7,499
Due to the inclement weather, I've got a shedload of skittles, mini snickers and assorted other sweets to get rid of.

This information has no effect on the CBS/CCFC saga, rather like the majority of this thread.
 
Reactions: djr8369, SkyBlueSam01, SHUNT31 and 3 others

Nick

Administrator
  • Oct 31, 2022
  • #7,500
rexo87 said:
CET are so anti Sisu.

Coventry City fans sceptical amid claims Sisu interested in buying CBS Arena

Coventry City stadium news from CoventryLive as the CBS Arena is the subject of interest from potential new owners
www.coventrytelegraph.net

Sent from my SM-G991B using Tapatalk
Click to expand...
Yep.

That's certainly trying to push things one way.
 

skybluetony176

Well-Known Member
  • Oct 31, 2022
  • #7,501
JAM See said:
Due to the inclement weather, I've got a shedload of skittles, mini snickers and assorted other sweets to get rid of.

Has no effect on the CBS/CCFC saga, rather like the majority of this thread.
Click to expand...
Currently eating Parma Violets and Refresher’s.
 
Reactions: Gynnsthetonic and olderskyblue

JAM See

Well-Known Member
  • Oct 31, 2022
  • #7,502
skybluetony176 said:
Currently eating Parma Violets and Refresher’s.
Click to expand...
Ah, Refreshers. The fillings destroyer.
 
Reactions: torchomatic, eastwoodsdustman and Somerset Sky Blue
A

aviles

Well-Known Member
  • Oct 31, 2022
  • #7,503
CCFC54321 said:
I doubt SISU have the capital to mount a serious bid.

All roads appear that they want to sell now and any winner of the stadium can take it off there hands to make the stadium a success….. at a price of course.
Click to expand...
I’m still unsure on their end game, I think the American investor rumour has some strength to it. Dollar is strong against the sterling so right time to invest in the uk. Joy being American. My view is I feel sisu want premier league money but don’t want to invest any of their money to get us there.

im trying to stay a glass half full and do believe something positive will come out of this
 
Reactions: Rodders1

Liquid Gold

Well-Known Member
  • Oct 31, 2022
  • #7,504
Liquid Gold said:
This seems to be an awful lot of arguing over nobody knowing a fucking thing until Monday.
Click to expand...
Tuesday
 

slowpoke

Well-Known Member
  • Oct 31, 2022
  • #7,505
rexo87 said:
CET are so anti Sisu.

Coventry City fans sceptical amid claims Sisu interested in buying CBS Arena

Coventry City stadium news from CoventryLive as the CBS Arena is the subject of interest from potential new owners
www.coventrytelegraph.net

Sent from my SM-G991B using Tapatalk
Click to expand...
Good
 
Reactions: Incognitocov

Perryccfc

Well-Known Member
  • Oct 31, 2022
  • #7,506
Briles said:
Any idea how a new owner can do 15 million quids worth of repairs without closing the stadium
Click to expand...

If only there were like a months break in the middle of the season to do it
 
Reactions: eastwoodsdustman
S

Seaside-Skyblue

Well-Known Member
  • Oct 31, 2022
  • #7,507
If we do end up with the stadium, and suddenly our fortunes change for the better this week or coming weeks; I was thinking about it before, it will be completely surreal for us all. All the off the field stuff has become "normal" for us for so many years. It will be an unbelievable weight lifted and I'm man enough to admit I'd probably shed a tear
Just imagine being able to talk just about the football!?

Sent from my SM-A908B using Tapatalk
 
Reactions: AStonesThrow, djr8369, TwistAndShoutCCFC1987 and 11 others

Gynnsthetonic

Well-Known Member
  • Oct 31, 2022
  • #7,508
Seaside-Skyblue said:
If we do end up with the stadium, and suddenly our fortunes change for the better this week or coming weeks; I was thinking about it before, it will be completely surreal for us all. All the off the field stuff has become "normal" for us for so many years. It will be an unbelievable weight lifted and I'm man enough to admit I'd probably shed a tear
Just imagine being able to talk just about the football!?

Sent from my SM-A908B using Tapatalk
Click to expand...
Weirdo
 
Reactions: ccfcmad1 and Seaside-Skyblue

slowpoke

Well-Known Member
  • Oct 31, 2022
  • #7,509
aviles said:
I’m still unsure on their end game, I think the American investor rumour has some strength to it. Dollar is strong against the sterling so right time to invest in the uk. Joy being American. My view is I feel sisu want premier league money but don’t want to invest any of their money to get us there.

im trying to stay a glass half full and do believe something positive will come out of this
Click to expand...
Apparently they want an English football club and have been told are determined to acquire one perhaps we will find out how determined.
 

olderskyblue

Well-Known Member
  • Oct 31, 2022
  • #7,510
Some of you lads need to step up.

there was a 4 minute period between seaside and Gynn’s posts with no posts at all…..

not acceptable….
 
Reactions: OldBedrocker, Sky Blue Pete, Seaside-Skyblue and 4 others

duffer

Well-Known Member
  • Oct 31, 2022
  • #7,511
shepardo01 said:
Is this going to be the Councils parting shot isnt it ....
Actual real investors, with money putting an offer on the table (with SISU).......
But the council choose the NEC, because they "feel it is the best deal for the arena"
Click to expand...

CCC have got nothing to do with it have they? It'll be up to the Administrator now unless I'm missing something or CCC try to claw back the lease. No evidence of the latter, currently at least...
 

covcity4life

Well-Known Member
  • Oct 31, 2022
  • #7,512
olderskyblue said:
Some of you lads need to step up.

there was a 4 minute period between seaside and Gynn’s posts with no posts at all…..

not acceptable….
Click to expand...
Don't worry I got you bro..



..guys imagine the new owner is Max Biamou?
 
Reactions: ccfcrob, no_loyalty, SkyBlueSam01 and 4 others

clint van damme

Well-Known Member
  • Oct 31, 2022
  • #7,513
covcity4life said:
Don't worry I got you bro..



..guys imagine the new owner is Max Biamou?
Click to expand...

Was there Saturday, coincidence? I think not.
Will have installed himself as manager and first choice striker by the weekend.
 
Reactions: covcity4life

oldskyblue58

CCFC Finance Director
  • Oct 31, 2022
  • #7,514
Am sure it will be a prepack situation. That doesn't mean necessarily that the value is set in the administration. It could be a way of separating the assets the purchaser wants from everything else. The price already set

The purchaser pays acl for those assets and the assets move to a new company. The funds that would then be in acl get allocated by the administrators, secured creditors first, then hmrc, then unsecured creditors.

Any claim for pitches loss of income etc would be against acl as unsecured creditors not the new Co. Given what might be left from the sale for unsecured creditors it wouldn't result to much I don't think. Probably enough to pay legals of the claim.

CCC has to be involved as freeholder because in a prepack the lease is being transferred to an entity that probably didn't exist until recently. The freeholder needs to know the lease it granting is safe...... past history says ccc not good at doing that
 
Reactions: fernandopartridge, bulko, shepardo01 and 4 others

Nick

Administrator
  • Oct 31, 2022
  • #7,515
oldskyblue58 said:
Am sure it will be a prepack situation. That doesn't mean necessarily that the value is set in the administration. It could be a way of separating the assets the purchaser wants from everything else. The price already set

The purchaser pays acl for those assets and the assets move to a new company. The funds that would then be in acl get allocated by the administrators, secured creditors first, then hmrc, then unsecured creditors.

Any claim for pitches loss of income etc would be against acl as unsecured creditors not the new Co. Given what might be left from the sale for unsecured creditors it wouldn't result to much I don't think. Probably enough to pay legals of the claim.

CCC has to be involved as freeholder because in a prepack the lease is being transferred to an entity that probably didn't exist until recently.
Click to expand...
Like the new ones Richardson set up?
 

Liquid Gold

Well-Known Member
  • Oct 31, 2022
  • #7,516
oldskyblue58 said:
Am sure it will be a prepack situation. That doesn't mean necessarily that the value is set in the administration. It could be a way of separating the assets the purchaser wants from everything else. The price already set

The purchaser pays acl for those assets and the assets move to a new company. The funds that would then be in acl get allocated by the administrators, secured creditors first, then hmrc, then unsecured creditors.

Any claim for pitches loss of income etc would be against acl as unsecured creditors not the new Co. Given what might be left from the sale for unsecured creditors it wouldn't result to much I don't think. Probably enough to pay legals of the claim.

CCC has to be involved as freeholder because in a prepack the lease is being transferred to an entity that probably didn't exist until recently.
Click to expand...
We don’t need to worry about the pitch cost. Our new billionaire will get us an even newer pitch.
 
R

robbiethemole

Well-Known Member
  • Oct 31, 2022
  • #7,517
oldskyblue58 said:
Am sure it will be a prepack situation. That doesn't mean necessarily that the value is set in the administration. It could be a way of separating the assets the purchaser wants from everything else. The price already set

The purchaser pays acl for those assets and the assets move to a new company. The funds that would then be in acl get allocated by the administrators, secured creditors first, then hmrc, then unsecured creditors.

Any claim for pitches loss of income etc would be against acl as unsecured creditors not the new Co. Given what might be left from the sale for unsecured creditors it wouldn't result to much I don't think. Probably enough to pay legals of the claim.

CCC has to be involved as freeholder because in a prepack the lease is being transferred to an entity that probably didn't exist until recently. The freeholder needs to know the lease it granting is safe...... past history says ccc not good at doing that
Click to expand...

Do CCC have a power of veto over the transfer of the lease?
 

duffer

Well-Known Member
  • Oct 31, 2022
  • #7,518
Evo1883 said:
Telegraph seem to be very impartial right now , almost slightly pro ccfc
Click to expand...


Aye, now that Wasps aren't buying any advertising and the Council don't have a dog in the fight (at the moment). The CET is a rag these days, barely any real journalism at all.
 
Reactions: AOM, torchomatic, Gynnsthetonic and 4 others
R

robbiethemole

Well-Known Member
  • Oct 31, 2022
  • #7,519
isn't the CET based in Brum nowadays? not really Coventry focused, just copy and paste in all their rags.
 
Reactions: ccfcrob and duffer

duffer

Well-Known Member
  • Oct 31, 2022
  • #7,520
robbiethemole said:
Do CCC have a power of veto over the transfer of the lease?
Click to expand...

For a residential lease, not without reasonable cause. Even for a commercial lease I think it would open up court cases again if they tried to do this just because it was, say, SISU bidding.
 
W

wingy

Well-Known Member
  • Oct 31, 2022
  • #7,521
duffer said:
Aye, now that Wasps aren't buying any advertising and the Council don't have a dog in the fight (at the moment). The CET is a rag these days, barely any real journalism at all.
Click to expand...
A bit out of the loop and envious I think,of Gilbert having info.
 
Reactions: duffer and MusicDating
R

rexo87

Well-Known Member
  • Oct 31, 2022
  • #7,522
Nick said:
Like the new ones Richardson set up?
Click to expand...
That man lives in your head rent free

Sent from my SM-G991B using Tapatalk
 
Reactions: Kingokings204, Nick and wingy

Liquid Gold

Well-Known Member
  • Oct 31, 2022
  • #7,523
Stop it lads, SBT will cry.
 
Reactions: wingy

Nick

Administrator
  • Oct 31, 2022
  • #7,524
rexo87 said:
That man lives in your head rent free

Sent from my SM-G991B using Tapatalk
Click to expand...

Not really, it would be very naive to think that this is a happy ending where somebody buys the ground and the club and we all live happily ever after.

I am just waiting for the twist
 
Reactions: bulko, Harry Krishner and shepardo01
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 31, 2022
  • #7,525
Nick said:
Not really, it would be very naive to think that this is a happy ending where somebody buys the ground and the club and we all live happily ever after.

I am just waiting for the twist
Click to expand...
The media seems sliding towards a big reveal in terms of something positive. If Richardson was involved we’d know by now
 
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