It wouldn't now if Sisu were out the game, but never did really .
EFL being an issue and distressing ourselves.
It wouldn't now if Sisu were out the game, but never did really .This is the other thing, CCFC are ploughing extra money in for matchdays which is presumably keeping it out of admin while they do a deal with others?
That doesn't make much sense.
All calm down then. No way has NEC or Mike Ashley bid a minimum £35m for the arena
It does because we're desperate.
According to Gilbert that debt needs to be clear, no sane person is clearing that debtWon't need to be if it's Richardson having a say
Not being funny, if they have been trying for 10 years or so to get ACL distressed and into admin. I am pretty sure we would have been in Walsall tonight rather than giving them shit loads of money to play there now admin is pretty much there for the taking.
According to Gilbert that debt needs to be clear, no sane person is clearing that debt
Club!!Yeah this is what I don't get.
CCFC wouldn't be paying well over the odds to ACL get matches on when they could just play at Walsall (for example).
Is that Wasps debt? This page has gone insane in the last 10 minutesAccording to Gilbert that debt needs to be clear, no sane person is clearing that debt
Not if it helped secure preferred bidder status
“The attraction of Wasps for Ashley lies chiefly in the stadium, which runs a profitable hospitality business including a Hilton hotel and Grovesnor Casino, as well as the potential for returning to football by buying Coventry City, who are tenants of the rugby club. “It was reported - Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover - which is more than has been mentioned about us….which is actually just a rumour from here and social media.
Which doesn't make sense if they only want to bid when in admin but keep ACL out of admin by paying silly money for games to be on?
Not necessarily - if it goes into admin, you’re likely to attract more bidders therefore a bidding warThen that in itself is a reason why bond holders will have to accept a lower offer so they get something rather than nothing.
You'd expect some oversight of that.Surely the NOI is there to stop other parties pouncing for 10 days to give the company an opportunity to sort things out. This wouldn't automatically mean finding a purchaser, it could mean just finding extra income / loan etc.
I always assumed the company in trouble could cancel the NOI or just let it expire if things changed and they became solvent again.
I agree, its all rumours, ifs and buts at this stage. But you would think MA being the successful businessman that he is would know that the biggest potential lies with owning the stadium and CCFCIt was reported - Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover - which is more than has been mentioned about us….which is actually just a rumour from here and social media.
No way anyone is going to be able to clear the debts with a bid. Also they had weeks of being able to do that before going down to the wire.
This once again feels like a PR move. very similar to the last few days of wasps
Not necessarily - if it goes into admin, you’re likely to attract more bidders therefore a bidding war
The bondholders don't they have no power its the Trustee - its all about judgements isn't it? I have no idea what happened to the Co-Op bank debt in the end with us but we did not go into admin so something was agreed
The only win situation for SISU is to get the stadium. They will be crucified if they don't and the fans should make them pay.
Surely illegal for somebody to choose a trustee to purposely rip people off?Who appointed the Trustee?
Why did 2 amendments to correct WASPs defaults go through quickly while the Bondholders demands taking 6 months
At any price? Bonkers
I don't see why he wouldn't want to take on the club as well, it's another chance to make more money. Buy the club for whatever SISU ask for, get it into the top flight then name your price for the combination of a PL club and stadium complex.
So you want them to buy at any price and then try and get somebody to buy it from them? Doesn't make any sense.That is where I anticipate they will sell up. They are not building a stadium.
I am puzzled. Unless it's been mentioned somewhere, why are NEC bidding if they don't need the stadium, what with them already having Birmingham and the events and facilities there?
Seems people are saying they won't be interested in the club or the stadium, but at the same time they don't need the events part of the Arena, because they already have Birmingham.
That's the thing isn't it.
Unless Richardson is playing hardball and people are saying "you can have this else it goes into admin and you get fuck all"?
By taking on shit loads of its debt?Identified a potential asset and have decided to try and acquire it is my guess.
Yeah, but you’d rather have 4/5 bidders than 2The point would stand that you're still extremely unlikely to get £35 million through that process. Seems a bidding war is already underway as it is
Is there a chance that Ashley only wants the stadium? I know it’s not what’s been reported, but are CCFC really the potential money spinner that you’re suggesting here?
Is there a chance that Ashley only wants the stadium? I know it’s not what’s been reported, but are CCFC really the potential money spinner that you’re suggesting here?
Surely illegal for somebody to choose a trustee to purposely rip people off?
By taking on shit loads of its debt?
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