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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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TomRad85

Well-Known Member
Apr 30, 2018
14,581
24,053
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  • Nov 1, 2022
  • #8,471
Nick said:
Looks like admin.

Maybe it isnt somebody taking it over before admin.
Click to expand...
I don't even know what's good news and what's not anymore..

Sent from my SM-G973F using Tapatalk
 
Reactions: Brylowes, Skyblueweeman, Gynnsthetonic and 10 others

The Philosopher

Well-Known Member
Jan 16, 2014
3,171
2,736
213
  • Nov 1, 2022
  • #8,472
I’m going to repeat earlier thoughts:

Lease sold before admin and then ACL to admin.

MA is sweeting council to assign by pledging to base Frasers in the city (I kinda said that).

Let’s see. Might be wrong. Sometimes that happens.
 
Reactions: bulko

Colin Steins Smile

Well-Known Member
Nov 5, 2015
2,161
2,155
213
  • Nov 1, 2022
  • #8,473
That reads as admin. I'm not surprised, as why would anyone want to buy it with the debt attached?
A stadium with no debt attached = more attractive.....even when it needs a bit of maintenance and aa lot of horrible wasps signs needing removal
 
Reactions: bulko

The Philosopher

Well-Known Member
Jan 16, 2014
3,171
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  • Nov 1, 2022
  • #8,474
None of you seem to get that the assets can be sold so long as there is a fair process and ACL could go straight to admin straight after.
 

slowpoke

Well-Known Member
Apr 24, 2015
8,648
5,808
263
  • Nov 1, 2022
  • #8,475
Could someone else come in and try and buy the football club once they know the situation with the ground
 

jordan210

Well-Known Member
Sep 10, 2010
10,931
8,480
313
  • Nov 1, 2022
  • #8,476
MusicDating said:
https://caseboard.io/cases/?prod_caseboard_cases[query]=arena

Is this admin? No NOI?

View attachment 26955
Click to expand...

The notice was filed by Burges Salmon diffrent company to who did wasps
 

Nick

Administrator
Feb 25, 2008
149,610
68,224
1,063
Coventry
  • Nov 1, 2022
  • #8,477
jordan210 said:
The notice was filed by Burges Salmon diffrent company to who did wasps
Click to expand...

LEEEEE Burge
 
Reactions: Saddlebrains and CrawleySkyBlue
W

wingy

Well-Known Member
Jul 9, 2011
41,687
11,834
263
  • Nov 1, 2022
  • #8,478
Nick said:
Looks like admin.

Maybe it isnt somebody taking it over before admin.
Click to expand...
NEC out.
But looks like the admin is after securing the deal with Ashley.
 

Nick

Administrator
Feb 25, 2008
149,610
68,224
1,063
Coventry
  • Nov 1, 2022
  • #8,479
wingy said:
NEC out.
But looks like the admin is after securing the deal with Ashley.
Click to expand...

Wheres it said about NEC?
 

Liquid Gold

Well-Known Member
Sep 16, 2013
28,521
38,624
313
  • Nov 1, 2022
  • #8,480
The Philosopher said:
None of you seem to get that the assets can be sold so long as there is a fair process and ACL could go straight to admin straight after.
Click to expand...
It’s something I mentioned earlier.

I just don’t see why Richardson would go for it. Money in ACL after the sale would go straight to creditors.
 

skybluetony176

Well-Known Member
Aug 2, 2013
34,559
17,295
313
  • Nov 1, 2022
  • #8,481
jordan210 said:
The notice was filed by Burges Salmon diffrent company to who did wasps
Click to expand...
Noticed that. Assume it’s the administers legal firm.
 

Liquid Gold

Well-Known Member
Sep 16, 2013
28,521
38,624
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  • Nov 1, 2022
  • #8,482
wingy said:
NEC out.
But looks like the admin is after securing the deal with Ashley.
Click to expand...
Where have you heard that?
 
W

wingy

Well-Known Member
Jul 9, 2011
41,687
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  • Nov 1, 2022
  • #8,483
slowpoke said:
Could someone else come in and try and buy the football club once they know the situation with the ground
Click to expand...
You'd expect and hope so.
 
Reactions: Gynnsthetonic

Earlsdon_Skyblue1

Well-Known Member
Dec 15, 2015
17,686
17,144
313
  • Nov 1, 2022
  • #8,484
They could at least let the players get off the pitch before they shut the fucking thing down.
 

skybluetony176

Well-Known Member
Aug 2, 2013
34,559
17,295
313
  • Nov 1, 2022
  • #8,485
TomRad85 said:
I don't even know what's good news and what's not anymore..

Sent from my SM-G973F using Tapatalk
Click to expand...
You aren’t alone. It’s movement at least.
 
Reactions: Paul Anthony

jordan210

Well-Known Member
Sep 10, 2010
10,931
8,480
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  • Nov 1, 2022
  • #8,486
skybluetony176 said:
Noticed that. Assume it’s the administers legal firm.
Click to expand...

Yeah it’s a different law firm

Oddly also in Bristol
 

Liquid Gold

Well-Known Member
Sep 16, 2013
28,521
38,624
313
  • Nov 1, 2022
  • #8,487
Is there an 22pm deadline for something to happen or can we just basically ignore things until tomorrow?
 
W

wingy

Well-Known Member
Jul 9, 2011
41,687
11,834
263
  • Nov 1, 2022
  • #8,488
Liquid Gold said:
Where have you heard that?
Click to expand...
Telegraph article a few posts up the thread.
Just before the admin notification.
 
Reactions: Flying Fokker

Calista

Well-Known Member
Sep 30, 2013
3,566
5,830
313
  • Nov 1, 2022
  • #8,489
Nick said:
Wheres it said about NEC?
Click to expand...
The article says "The exhibitions giant NEC Group reportedly expressed interest in the sale early on, but is now said to have dropped out. "
 

Liquid Gold

Well-Known Member
Sep 16, 2013
28,521
38,624
313
  • Nov 1, 2022
  • #8,490
jordan210 said:
Yeah it’s a different law firm

Oddly also in Bristol
Click to expand...
Maybe I’m Richardson
 
Reactions: wingy

Nick

Administrator
Feb 25, 2008
149,610
68,224
1,063
Coventry
  • Nov 1, 2022
  • #8,491
Calista said:
The article says "The exhibitions giant NEC Group reportedly expressed interest in the sale early on, but is now said to have dropped out. "
Click to expand...

All the different wordings

"Expressed interest"
"Lodged a bid"

Did they put in an actual bid or just say they are interested?
 
Reactions: wingy

The Philosopher

Well-Known Member
Jan 16, 2014
3,171
2,736
213
  • Nov 1, 2022
  • #8,492
Liquid Gold said:
It’s something I mentioned earlier.

I just don’t see why Richardson would go for it. Money in ACL after the sale would go straight to creditors.
Click to expand...
It’d be a Bondholders Trust decision to release the charge if the £35m isn’t met. If the price is less than £35m then it’s down to charge holders I guess.

Let’s see.
 
S

steve cooper

Well-Known Member
Dec 6, 2017
2,807
2,827
213
  • Nov 1, 2022
  • #8,493
Nick said:
Wheres it said about NEC?
Click to expand...
Post 8477 Telegraph report
 

skybluetony176

Well-Known Member
Aug 2, 2013
34,559
17,295
313
  • Nov 1, 2022
  • #8,494
jordan210 said:
Yeah it’s a different law firm

Oddly also in Bristol
Click to expand...
Think that’s where the administrator is based so ties in.
 

Nick

Administrator
Feb 25, 2008
149,610
68,224
1,063
Coventry
  • Nov 1, 2022
  • #8,495
Liquid Gold said:
Maybe I’m Richardson
Click to expand...


 
Reactions: wingy

Calista

Well-Known Member
Sep 30, 2013
3,566
5,830
313
  • Nov 1, 2022
  • #8,496
Nick said:
All the different wordings

"Expressed interest"
"Lodged a bid"

Did they put in an actual bid or just say they are interested?
Click to expand...
Dunno
 

The Philosopher

Well-Known Member
Jan 16, 2014
3,171
2,736
213
  • Nov 1, 2022
  • #8,497
Sounds like Ashley.

He’s played the “assign the lease to me and I’ll base Frasers : Sports Direct here and bring loads of jobs to Cov for your students and that” card.

so that the council will assign.
 
Reactions: RyanCCFC4, Gynnsthetonic and bulko
B

Brighton Sky Blue

Well-Known Member
Jan 11, 2012
64,564
47,893
763
Coventry
  • Nov 1, 2022
  • #8,498
The Philosopher said:
Sounds like Ashley.

He’s played the “assign the lease to me and I’ll base Frasers : Sports Direct here and bring loads of jobs to Cov for your students and that” card.

so that the council will assign.
Click to expand...

That's not really a card as much as it is a full hand
 
Reactions: torchomatic and bulko

Esoterica

Well-Known Member
Aug 21, 2013
8,205
13,664
313
Czech Republic
  • Nov 1, 2022
  • #8,499
Well 3 points and admin. Decent nights work! I mean I think that's good. Or at least I'm telling myself that's good. It's good. Definitely. Isn't it?
 
Reactions: robbiekeane and Gynnsthetonic

Evo1883

Well-Known Member
May 25, 2013
41,960
51,301
313
Coventry
  • Nov 1, 2022
  • #8,500
Liquid Gold said:
Where have you heard that?
Click to expand...

Article
 

jordan210

Well-Known Member
Sep 10, 2010
10,931
8,480
313
  • Nov 1, 2022
  • #8,501
I guess the real fun and games start now.
 

SHUNT31

Well-Known Member
Jul 18, 2022
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  • Nov 1, 2022
  • #8,502
Could be that a deal has been agreed already with Ashley though or not? Hate not knowing
 

Evo1883

Well-Known Member
May 25, 2013
41,960
51,301
313
Coventry
  • Nov 1, 2022
  • #8,503
So is anybody hopeful the football Club will be purchased along with it all ? All I care about really
 
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ccfcchris

Well-Known Member
Sep 3, 2011
2,441
2,174
213
  • Nov 1, 2022
  • #8,504
All this crap ends up giving me a headache. No football fan deserves to go through this bollox. All we want is to support the team and hope they're successful.
Well done to the boys tonight getting 3 points.
 
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B

Brighton Sky Blue

Well-Known Member
Jan 11, 2012
64,564
47,893
763
Coventry
  • Nov 1, 2022
  • #8,505
Evo1883 said:
So is anybody hopeful the football Club will be purchased along with it all ? All I care about really
Click to expand...

It will either be a pre packed administration with Ashley taking the spoils, or proper administration where it turns into a bidding war
 
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