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Wasps going into admin & the impact on CCFC (15 Viewers)

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

Well-Known Member
  • Nov 1, 2022
  • #8,646
ccfc1234 said:
In phase 1 yes. He will want the club as he well knows together they are complementary assets. SISU are up against it as they have the Council who despise them and a bidder with a business plan that would wake up even the most half asleep local councillor!

I actually don't mind at this point but I would favour one owner of the stadium and the club.
Click to expand...
If Sisu got a decent offer surely they'd consider it, apart from Hoffmans we'll pay you on promotion they've not had one
 

The Philosopher

Well-Known Member
  • Nov 1, 2022
  • #8,647
slowpoke said:
That could happen though, there have been loads of rumours one with sisu linking up with an investor on a 51%/49% basis. I hope the investor is Elon Musk
Click to expand...
I’m guessing it was the McEvoy or whoever model.

SISU just want a performing secure investment on their portfolio. One with a jackpot Prem Promotion angle was better.

It has gone all a bit hatstand this week.
 

no_loyalty

Well-Known Member
  • Nov 1, 2022
  • #8,648
Frankly_Mr_Shankly said:
Nope, Boddy was
Click to expand...

Thank fuck for that.
 

shmmeee

Well-Known Member
  • Nov 1, 2022
  • #8,649
Liquid Gold said:
I think the contact has been made but they are tight lipped af on it. Maybe a non-disclosure or something.
Click to expand...

Preparing myself for the worst over here.

I just want us to be able to buy a couple of players in Jan, maybe even keep O’Hare. It’s not too much to ask is it?
 
Reactions: djr8369, slowpoke, SkyBlueSam01 and 1 other person
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,650
Liquid Gold said:
I think the contact has been made but they are tight lipped af on it. Maybe a non-disclosure or something.
Click to expand...

He set aside £50 million to take on a League 1 club with a no mod cons stadium.
 
Reactions: Evo1883

shmmeee

Well-Known Member
  • Nov 1, 2022
  • #8,651
Frankly_Mr_Shankly said:
Nope, Boddy was
Click to expand...

Is this real? Because kinda disproves what Lego head is saying if so.
 

skybluetony176

Well-Known Member
  • Nov 1, 2022
  • #8,652
shmmeee said:


Just saying you’d expect some contact before steaming in to buy it if that was the plan. After all we heard when he was interested in Wasps.
Click to expand...
Apparently interested in Wasps. It suited Wasps to have that story out there in the hope it would either generate interest in them or push anyone looking at them to take action.
 

Telfer85

Well-Known Member
  • Nov 1, 2022
  • #8,653
I think his plan is to get cbs and then wait until Sisu are ready to sell at cut price. He’ll be in no rush as he holds the stadium card. Why would he pay them millions when everyone knows they aren’t gonna build another stadium. They’ll be backed into a corner eventually but will go down kicking and screaming no doubt.

However, be interesting to see what happens now. So did I read a post earlier that said he’s potentially bought the lease already and now these companies are just going into admin with nothing in them but debt?
 
Reactions: Sky Blue Pete

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #8,654
shmmeee said:
Preparing myself for the worst over here.

I just want us to be able to buy a couple of players in Jan, maybe even keep O’Hare. It’s not too much to ask is it?
Click to expand...
Literally just messaged by brother saying all I want if it comes off is a couple of additions in Jan then new contracts for Vik, Cal, Gus and Sheaf.
 
Reactions: ccfc1234 and shmmeee

Otis

Well-Known Member
  • Nov 1, 2022
  • #8,655
skybluetony176 said:
Simon Gilbert adamant that Mike Ashley hasn’t been in touch with SISU. I wonder if SISU are watching from the sidelines thinking WTF is going on like the rest of us. Joy checking her phone every couple of minutes to see if she’s had a missed call from Mike Ashley.
Click to expand...
Be funny if half the posters on here were actually SISU and they have just been unknowingly arguing with each other for the past decade or so.
 
Reactions: ccfcrob

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #8,656
Telfer85 said:
I think his plan is to get cbs and then wait until Sisu are ready to sell at cut price. He’ll be in no rush as he holds the stadium card. Why would he pay them millions when everyone knows they aren’t gonna build another stadium. They’ll be backed into a corner eventually but will go down kicking and screaming no doubt.

However, be interesting to see what happens now. So did I read a post earlier that said he’s potentially bought the lease already and now these companies are just going into admin with nothing in them but debt?
Click to expand...
I don’t agree.

If it is his plan then he’s an idiot because sisu will move us around. Fuck about and take 10 years of his life before they consider selling on the cheap and he knows it.
 
Reactions: Calista, Samo, Saddlebrains and 1 other person

olderskyblue

Well-Known Member
  • Nov 1, 2022
  • #8,657
Nick said:
So people saying they saw him at the game but any pics?
Click to expand...
If I don’t get a response to my blackmail note, then I’ll post them on here…..
 

pusbccfc

Well-Known Member
  • Nov 1, 2022
  • #8,658
Liquid Gold said:
I don’t agree.

If it is his plan then he’s an idiot because sisu will move us around. Fuck about and take 10 years of his life before they consider selling on the cheap and he knows it.
Click to expand...

Agreed. Why would SISU cut the price just because Ashley owns the Ricoh? They'll put the price up.

SISU can continue to run the club as it is and hope to fluke a promotion to the top flight to gain their money back.

If Ashley threatens to become disruptive, SISU aren't scared to move us.
 
Reactions: Saddlebrains
S

steve cooper

Well-Known Member
  • Nov 1, 2022
  • #8,659
I doubt very much if The EFL will agree to us moving again. Sisu will sell if the price is right.
 
Reactions: nicksar

Telfer85

Well-Known Member
  • Nov 1, 2022
  • #8,660
Liquid Gold said:
I don’t agree.

If it is his plan then he’s an idiot because sisu will move us around. Fuck about and take 10 years of his life before they consider selling on the cheap and he knows it.
Click to expand...
Yeah I hear what you’re saying but he’s a businessman not a fan. He’s not gonna pay millions to Sisu now as he only buys companies in distress. He might not be desperate for the club and just run the stadium and all that comes with it. If the
club becomes available on the cheap it’s a bonus for him.
 

Skyblue_CP

Well-Known Member
  • Nov 1, 2022
  • #8,661
Yup was going to say the same thing. If that’s the case and Ashley’s stance then there’s no chance. We will just be playing elsewhere.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,662
Telfer85 said:
Yeah I hear what you’re saying but he’s a businessman not a fan. He’s not gonna pay millions to Sisu now as he only buys companies in distress. He might not be desperate for the club and just run the stadium and all that comes with it. If the
club becomes available on the cheap it’s a bonus for him.
Click to expand...

I repeat he set aside £50 million for a just relegated Derby
 
Reactions: Sky Blue Pete and wingy

SBAndy

Well-Known Member
  • Nov 1, 2022
  • #8,663
I’m with @Liquid Gold on this one, can’t quite believe he’d be in for the stadium if a deal isn’t already lined up for the club. Convinced it’s all in place.
 
Reactions: nicksar and Gynnsthetonic
W

wingy

Well-Known Member
  • Nov 1, 2022
  • #8,664
If he's done the deal at around £20M to account for delapidations etc and p shares bring in circa£10M that will satisfy bondholders maybe a few others .
So Sisu were willing to deal for lets call it 50% partnered with some professional Investors from over there and assume those professionals were possibly in the same ballpark suggests to me that is what they would value there contribution towards that deal which is
What £5M or so under their actual and in the game still .
Now tomorrow who knows but it kind of seems the boat has been missed but that's what I base any likely bids for them will be.
Can't help think there might be one downside to it all through and I'm afraid it could involve an event with the club .
The shut off of back up funding leaves us vulnerable and in this environment I wouldn't expect them to turn the taps on and it's clear alone there will be no progress.
 

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #8,665
Telfer85 said:
Yeah I hear what you’re saying but he’s a businessman not a fan. He’s not gonna pay millions to Sisu now as he only buys companies in distress. He might not be desperate for the club and just run the stadium and all that comes with it. If the
club becomes available on the cheap it’s a bonus for him.
Click to expand...
Haas prepared to pay similar if not more for a team in L1 and a stadium without all the bells and whistles.
 

Telfer85

Well-Known Member
  • Nov 1, 2022
  • #8,666
Brighton Sky Blue said:
I repeat he set aside £50 million for a just relegated Derby
Click to expand...
Which was a lot easier to purchase than CCFC as Mel Morris was selling the lot. Sisu repeatedly have said they ain’t selling.

Listen I hope I’m wrong I really do I just think if Ashley gets it we could be stuck treading water for a while.
 

Sbarcher

Well-Known Member
  • Nov 1, 2022
  • #8,667
Sky Blue Harry H said:
Oggy on CWR mad a 'bloke with a Geordie accent' comment referring to future owner (wonder if he's itk?')
Click to expand...
Can't be Ashley, born in Walsall
 

junglej13

Well-Known Member
  • Nov 1, 2022
  • #8,668
Could prove to be wrong on this but the role of the Council in this shouldn't be understated. I'm sure as freeholder they have to rubber stamp any deal. If Ashley acquires ACL and Sisu retain the football club this could be a toxic mix. Surely no one would willingly sign this off as the best offer for the City.
 
Reactions: ccfcrob, shmmeee and ccfc1234

ccfc1234

Well-Known Member
  • Nov 1, 2022
  • #8,669
Skyblue_CP said:
Yup was going to say the same thing. If that’s the case and Ashley’s stance then there’s no chance. We will just be playing elsewhere.
Click to expand...
If that's the case the Council seem relaxed about CCFC leaving the city again.
 

duffer

Well-Known Member
  • Nov 1, 2022
  • #8,670
SheafIsGod said:
I’m still waiting for someone to explain why I should have a burning hatred of the Wasps just because…

*checks notes*

…they purchased a ground our owners never had any intention of buying?
Click to expand...

Yawn. No one is biting. You're too boring to even be a decent troll.

Off to bed now son, you've got school tomorrow.
 
Reactions: Skyblueweeman, robbiethemole, JPG77 and 3 others

hill83

Well-Known Member
  • Nov 2, 2022
  • #8,671
duffer said:
Yawn. No one is biting. You're too boring to even be a decent troll.

Off to bed now son, you've got school tomorrow.
Click to expand...

That’s a bite though
 
Reactions: ccfcchris, Sky Blue Pete and skybluelee

duffer

Well-Known Member
  • Nov 2, 2022
  • #8,672
junglej13 said:
Could prove to be wrong on this but the role of the Council in this shouldn't be understated. I'm sure as freeholder they have to rubber stamp any deal. If Ashley acquires ACL and Sisu retain the football club this could be a toxic mix. Surely no one would willingly sign this off as the best offer for the City.
Click to expand...

Willingly or not, if any potential buyer isn't breaching the terms of the lease then I think there's very little the council could do about it without ending up in court again. In essence they can't
"unreasonably" prevent a transfer (assignment) of the lease.

Of course, I guess there isn't even a transfer if ACL is purchased whole, so even less chance of the council being involved.

Dealing with Tenant Requests For Alterations And Assignment | FAQs | Penningtons Manches Cooper

Below are some answers to frequently asked questions regarding tenants’ requests for alterations and assignment of their lease.
www.penningtonslaw.com

Consents through the looking glass – a re-examination of consents in alienation clauses

Dellah Gilbert reviews case law relating to the often contentious topic of landlords granting consent to a prospective tenant when an existing tenant wishes to move on.
www.lexology.com
 

duffer

Well-Known Member
  • Nov 2, 2022
  • #8,673
hill83 said:
That’s a bite though
Click to expand...

Naah, a bite would be telling him to fuck off like the boring twat he is. But personally, I wouldn't rise to that.
 
Reactions: robbiethemole and hill83

robbiekeane

Well-Known Member
  • Nov 2, 2022
  • #8,674
I can’t really see that Ashley would buy the stadium without having some kind of assurances from SISU re selling the club
 

duffer

Well-Known Member
  • Nov 2, 2022
  • #8,675
robbiekeane said:
I can’t really see that Ashley would buy the stadium without having some kind of assurances from SISU re selling the club
Click to expand...

It would seem very odd. For better or worse, I don't really see him as someone who wants to make his name in arena management.
 

robbiekeane

Well-Known Member
  • Nov 2, 2022
  • #8,676
duffer said:
It would seem very odd. For better or worse, I don't really see him as someone who wants to make his name in arena management.
Click to expand...
I also don’t think SISU would let it happen. Their goal for years and years has always been the arena. Don’t see that they would just stand by and let someone nip in and take it away when it’s finally available
 
Reactions: Brylowes and duffer

tisza

Well-Known Member
  • Nov 2, 2022
  • #8,677
junglej13 said:
Could prove to be wrong on this but the role of the Council in this shouldn't be understated. I'm sure as freeholder they have to rubber stamp any deal. If Ashley acquires ACL and Sisu retain the football club this could be a toxic mix. Surely no one would willingly sign this off as the best offer for the City.
Click to expand...
The logic being only SISU should be allowed to buy ACL?
Not sure I see any difference in the "problematic potential" for Ccfc between Ashley, NEC or another 3rd party ( or indeed some prepack that keeps Richardson involved) buying ACL. All could offer Ccfc difficulties.
 

tisza

Well-Known Member
  • Nov 2, 2022
  • #8,678
robbiekeane said:
I also don’t think SISU would let it happen. Their goal for years and years has always been the arena. Don’t see that they would just stand by and let someone nip in and take it away when it’s finally available
Click to expand...
Obvious issue is SISU do not have the financial resources to complete with Ashley or even NEC ( if they are interested)
 
Reactions: duffer
W

wingy

Well-Known Member
  • Nov 2, 2022
  • #8,679
Ashley's actually stepping down from the board of Fraser's next month apparently .
Might need a hobby.
 

Philosoraptor

Well-Known Member
  • Nov 2, 2022
  • #8,680
Does anyone know who has made this application?

Could be a creditor.



https://caseboard.io/cases/
 
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