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Wasps going into admin & the impact on CCFC (9 Viewers)

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

Well-Known Member
  • Nov 1, 2022
  • #7,876
Did anybody do the Dion Dublin stairs up to the boardroom or have I missed the boat
 
Reactions: AStonesThrow and ccfcrob

larry_david

Well-Known Member
  • Nov 1, 2022
  • #7,877
Does no one on here work!?
 
Reactions: Samo, djr8369, Skybluecol and 1 other person
A

Alex1987

Well-Known Member
  • Nov 1, 2022
  • #7,878
Interested to know what sort of bids will be made with £13m of repair work.....£10-15m?
 

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #7,879
I'd be astounded if the bondholders got £35m back.

They have had something like 47% of their initial paid in interest though so if they got anything close to 50% I suppose they'd take that as a win given the circumstances.
 
Reactions: CCFCSteve

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #7,880
larry_david said:
Does no one on here work!?
Click to expand...
Alt+tab is your friend
 
Reactions: Ccfcsj
D

Deleted member 5849

Guest
  • Nov 1, 2022
  • #7,881
Liquid Gold said:
I'd be astounded if the bondholders got £35m back.

They have had something like 47% of their initial paid in interest though so if they got anything close to 50% I suppose they'd take that as a win given the circumstances.
Click to expand...
Yeah, if you can come close to break even, then it hasn't been a disaster for them, especially at a time when interest rates in a savings account have been pretty low.
 

Robinshio

Well-Known Member
  • Nov 1, 2022
  • #7,882
Nick said:
BIG ARENA NEWS

Specsavers look to be opening

COVENTRY ARENA SPECSAVERS LIMITED has just been setup

Click to expand...
I didnt see that coming
 
Reactions: SBT, AStonesThrow and Nick

MalcSB

Well-Known Member
  • Nov 1, 2022
  • #7,883
Nick said:
BIG ARENA NEWS

Specsavers look to be opening

COVENTRY ARENA SPECSAVERS LIMITED has just been setup

Click to expand...
That should help the referees - no excuses for them now!
 
Reactions: Nick and KAB

Otis

Well-Known Member
  • Nov 1, 2022
  • #7,884
Robinshio said:
I didnt see that coming
Click to expand...
We should all raise our glasses at the news.
 
Reactions: AStonesThrow, CCFCSteve and Nick
1

13th_choice_seamer

Well-Known Member
  • Nov 1, 2022
  • #7,885
Sorry if I missed it but what repairs does the Ricoh need that would run the bill up to £13m??? Looks in fairly decent repair as far as I can see, unlike St Andrews where half the stands are closed due to structural issues.
 
C

CCFCSteve

Well-Known Member
  • Nov 1, 2022
  • #7,886
Liquid Gold said:
I'd be astounded if the bondholders got £35m back.

They have had something like 47% of their initial paid in interest though so if they got anything close to 50% I suppose they'd take that as a win given the circumstances.
Click to expand...

Id not thought of it in that way. Really good point. I wonder if there’s maybe some tax clawback from the insolvency of an investment as well
 

alexccfc99

Well-Known Member
  • Nov 1, 2022
  • #7,887
13th_choice_seamer said:
Sorry if I missed it but what repairs does the Ricoh need that would run the bill up to £13m??? Looks in fairly decent repair as far as I can see, unlike St Andrews where half the stands are closed due to structural issues.
Click to expand...

Place could do with a good jet wash and the concourse is crap in my opinion compared to other grounds
 

ccfcrob

Well-Known Member
  • Nov 1, 2022
  • #7,888
larry_david said:
Does no one on here work!?
Click to expand...
Yes but our performance reviews are terrible
 
Reactions: larry_david and Skyblueweeman
A

Alex1987

Well-Known Member
  • Nov 1, 2022
  • #7,889
13th_choice_seamer said:
Sorry if I missed it but what repairs does the Ricoh need that would run the bill up to £13m??? Looks in fairly decent repair as far as I can see, unlike St Andrews where half the stands are closed due to structural issues.
Click to expand...

I think a rush job to get it complete 16 years ago and then any real lack of maintenance in that time.....don't know the breakdown but costs for large stadiums can run up very quickly.
 
Reactions: Skybluemichael

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #7,890
T
alexccfc99 said:
Place could do with a good jet wash and the concourse is crap in my opinion compared to other grounds
Click to expand...
The councourse is proper shocking for a new build. It's like they calculated the size of a person standing and just put that in, no room to move at all.

Ashton Gate's redevelopment is amazing in the home end concourses, loads of room to move about, tables to put your drinks on, food and drink outlets on both sides to reduce queueing.
 

alexccfc99

Well-Known Member
  • Nov 1, 2022
  • #7,891
To be honest more this rumbles on the more I think a deal with the NEC group may have been done
 

Torquay Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #7,892
Onandi Lowes Powder Parlour
 

Gynnsthetonic

Well-Known Member
  • Nov 1, 2022
  • #7,893
alexccfc99 said:
To be honest more this rumbles on the more I think a deal with the NEC group may have been done
Click to expand...
Could be a deal with any of them, these legal issues take time
 

alexccfc99

Well-Known Member
  • Nov 1, 2022
  • #7,894
Liquid Gold said:
T

The councourse is proper shocking for a new build. It's like they calculated the size of a person standing and just put that in, no room to move at all.

Ashton Gate's redevelopment is amazing in the home end concourses, loads of room to move about, tables to put your drinks on, food and drink outlets on both sides to reduce queueing.
Click to expand...

Haven’t been in the home end at Ashton Gate so cannot comment, but when I went to watch England play Switzerland at Leicester the other year, the concourse was just so much better and spruce - For a ground that is pretty much the same as the CBS

I’m in no world saying we’re ever going to have a place like theirs but I was at Spurs v Newcastle the other weekend and it’s unbelievable - Wouldn’t think your at a football stadium
 
Reactions: Otis

alexccfc99

Well-Known Member
  • Nov 1, 2022
  • #7,895
Liquid Gold said:
T

The councourse is proper shocking for a new build. It's like they calculated the size of a person standing and just put that in, no room to move at all.

Ashton Gate's redevelopment is amazing in the home end concourses, loads of room to move about, tables to put your drinks on, food and drink outlets on both sides to reduce queueing.
Click to expand...

Southampton as well last season, for a new ground I think the CBS is lacking and needs some real TLC
 

Gynnsthetonic

Well-Known Member
  • Nov 1, 2022
  • #7,896
alexccfc99 said:
Southampton as well last season, for a new ground I think the CBS is lacking and needs some real TLC
Click to expand...
It was rushed in the end to get finished, its always had that unfinished look to it
 
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Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #7,897
Torquay Sky Blue said:
Onandi Lowes Powder Parlour
Click to expand...

 
Reactions: smoothasfudge14
D

djr8369

Well-Known Member
  • Nov 1, 2022
  • #7,898
Liquid Gold said:
I'd be astounded if the bondholders got £35m back.

They have had something like 47% of their initial paid in interest though so if they got anything close to 50% I suppose they'd take that as a win given the circumstances.
Click to expand...
As soon as the initial repayment date was missed there was no chance they were ever getting their full amounts back.
 

RegTheDonk

Well-Known Member
  • Nov 1, 2022
  • #7,899
fernandopartridge said:
The NEC are not going to try and turn the Arena into a competitor to their other venues especially given the superiority of access to the NEC in Brum, have a think about it.
Click to expand...
I'd agree with this. You've got lots of car parks, a couple of main routes in and out, a footbridge to a main line railway station. At the CBS we have a lot of locals walking to games, parking in friendly side roads/pubs etc. Getting shead loads of people who have travelled from outside the area to see The Stones, it's a nightmare. Friend took about 3 hours before they were back on the motorway.
 

COVKIDSNEVERQUIT

Well-Known Member
  • Nov 1, 2022
  • #7,900
ajsccfc said:
If the club do end up owning the stadium everything should be named after legends. The Jimmy Hill Stand, the Dave Bennett Bar, the Marcus Hall
Click to expand...


The bellends corner.
 
Reactions: covkid69

jordan210

Well-Known Member
  • Nov 1, 2022
  • #7,901
Have we signed Chaplin yet.....
 

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #7,902
jordan210 said:
Have we signed Chaplin yet.....
Click to expand...
Rumours of a loan deal. Jackett has really done a number on Robins here. Proper manager.
 

Torquay Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #7,903
Gynnsthetonic said:
It was rushed in the end to get finished, its always had that unfinished look to it
Click to expand...
I was involved with the sales for the stadium security . It was so rushed to get finished. We told them the PA system wasn't fit for purpose and it wasn't. The turnstiles weren't ready and half the CCTV wasn't functioning on opening day. Only glad there wasn't a fire or we'd all of been fucked (that worked by the way)
 
Reactions: Gynnsthetonic
D

djr8369

Well-Known Member
  • Nov 1, 2022
  • #7,904
What would the administrator take into account when assessing bids? Would it purely be the highest bid and best return for creditors? Would they consider best for the local area and each tenant at the arena. We’re biased thinking club and ground should be united but does any other party involved care about that?

If not, I’m just thinking NEC group would have by far the most coherent business case and credible business plan. They’d know how to run the events side, be able to project cash flow based on number of events etc and have the football club as tenants. The administrators won’t care about club and ground being under same ownership I’m sure.

Meanwhile there may be other parties wanting to unite club and ground but have no experience on the events side and they will just generally be complete unknowns.

I’ve just got this awful feeling it will go to NEC, we’ll be tenants with SISU slowing trying to extract cash and then they’ll be a rent dispute in 8 years when the lease is up and we’ll be moving grounds again.
 

Nick

Administrator
  • Nov 1, 2022
  • #7,905
Brighton Sky Blue said:
The Wasps Memorial Garden, sponsored by the Sky Blue Trust
Click to expand...

View attachment LCxAfhssZHeONIMg.mp4
 
Reactions: torchomatic and Brighton Sky Blue
M

Macca1987

Well-Known Member
  • Nov 1, 2022
  • #7,906
Can we put all of them on a wall of shame somewhere within the CBS so everyone can see them every game
 
Reactions: Saddlebrains and torchomatic

Nick

Administrator
  • Nov 1, 2022
  • #7,907
djr8369 said:
I’ve just got this awful feeling it will go to NEC, we’ll be tenants with SISU slowing trying to extract cash and then they’ll be a rent dispute in 8 years when the lease is up and we’ll be moving grounds again.
Click to expand...

Surely the council will be trying to protect the city's football club?
 
Reactions: Terry Gibson's perm, pusbccfc, robbiethemole and 3 others

Flying Fokker

Well-Known Member
  • Nov 1, 2022
  • #7,908
djr8369 said:
What would the administrator take into account when assessing bids? Would it purely be the highest bid and best return for creditors? Would they consider best for the local area and each tenant at the arena. We’re biased thinking club and ground should be united but does any other party involved care about that?

If not, I’m just thinking NEC group would have by far the most coherent business case and credible business plan. They’d know how to run the events side, be able to project cash flow based on number of events etc and have the football club as tenants. The administrators won’t care about club and ground being under same ownership I’m sure.

Meanwhile there may be other parties wanting to unite club and ground but have no experience on the events side and they will just generally be complete unknowns.

I’ve just got this awful feeling it will go to NEC, we’ll be tenants with SISU slowing trying to extract cash and then they’ll be a rent dispute in 8 years when the lease is up and we’ll be moving grounds again.
Click to expand...
Just wondering? Why do you think SISU would have a rent dispute after paying rent on time for 10 years? At year 10 they will either be there on an agreed package or on their way. There may be some foot stomping of course.
 
D

Deleted member 5849

Guest
  • Nov 1, 2022
  • #7,909
Flying Fokker said:
Just wondering? Why do you think SISU would have a rent dispute after paying rent on time for 10 years? At year 10 they will either be there on an agreed package or on their way. There may be some foot stomping of course.
Click to expand...
We'll just be entering our partnership with Coombe Abbey to build a new ground on the parkland.
 

Nick

Administrator
  • Nov 1, 2022
  • #7,910
Deleted member 5849 said:
We'll just be entering our partnership with Coombe Abbey to build a new ground on the parkland.
Click to expand...

Surely room in Ansty for one when Mike Ashley builds his complex?
 
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