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Wasps going into admin & the impact on CCFC (12 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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jordan210

Well-Known Member
  • Nov 2, 2022
  • #8,716
All I have learnt lately is Gilbert doesn’t appear to know much more than us.
 
Reactions: CCFCSteve, robbiethemole, torchomatic and 1 other person

LastGarrison

Well-Known Member
  • Nov 2, 2022
  • #8,717
Any chance Ashley could buy it only just to immediately sell it on to SISU in a Robert Jarni-esque move just to negate the conflict between CCC and SISU?
 

shmmeee

Well-Known Member
  • Nov 2, 2022
  • #8,718
Sky Blue Pete said:
I agree it’s why I always look to individuals to take responsibility and accountability for what we or they do.
Click to expand...

Sure, but no decision won’t be voted on by the full council, that’s just not how it works. Like Gilbert’s story about a Wasps bailout, would never have happened in a million years and it was just playing on people paranoia.
 

shmmeee

Well-Known Member
  • Nov 2, 2022
  • #8,719
LastGarrison said:
Any chance Ashley could buy it only just to immediately sell it on to SISU in a Robert Jarni-esque move just to negate the conflict between CCC and SISU?
Click to expand...

How would that negate conflict? CCC would be the freeholder in both situations.
 

Evo1883

Well-Known Member
  • Nov 2, 2022
  • #8,720
If Ashley has no intention of buying the club

- we are the same as now , possible worse rental agreement in future, sisu hand forced on new stadium or continue to lose money .

I genuinley think this is the beginning of the end for sisu , can't see how they come back from this
 

jordan210

Well-Known Member
  • Nov 2, 2022
  • #8,721
TomRad85 said:
Someone please make a gif of Princess Leia kneeling in front of R2 saying "help me Mike Ashley, you're my only hope". Thanks in advance.

Sent from my SM-G973F using Tapatalk
Click to expand...

 
Reactions: Kieranp96, robbiethemole, Otis and 2 others

Liquid Gold

Well-Known Member
  • Nov 2, 2022
  • #8,722
Next few weeks??

I need a resolution sooner than that. This is driving me nuts.
 
Reactions: Kieranp96, Skyblueweeman, robbiethemole and 5 others

LastGarrison

Well-Known Member
  • Nov 2, 2022
  • #8,723
shmmeee said:
How would that negate conflict? CCC would be the freeholder in both situations.
Click to expand...
But if Ashley had the 250 year lease and then sold it straight on then there’s fuck all CCC can do about stopping SISU getting hold of the stadium?
 

shmmeee

Well-Known Member
  • Nov 2, 2022
  • #8,724
LastGarrison said:
But if Ashley had the 250 year lease and then sold it straight on then there’s fuck all CCC can do about stopping SISU getting hold of the stadium?
Click to expand...

Not according to some on here. But how is that any different from Wasps selling to Ashley?
 
Reactions: duffer
B

Brighton Sky Blue

Well-Known Member
  • Nov 2, 2022
  • #8,725
SBT said:
As I said yesterday - just because we as City fans think it’s obvious that buying the stadium and then immediately buying the club is an elegant, popular and lucrative solution doesn’t mean that any outside investors automatically see it that way.
Click to expand...

Which is correct. But we’re discussing someone who was willing to pay £50 million for Derby plus stadium in the summer.
 

Liquid Gold

Well-Known Member
  • Nov 2, 2022
  • #8,726
In all seriousness if Ashley is buying the arena there is no doubt in my mind we go into the Jan window with him as owner.
 
Reactions: RegiswasGod and torchomatic

Evo1883

Well-Known Member
  • Nov 2, 2022
  • #8,727
Imagine stressing out a company for several years only to have somebody else come in and take advantage of your hard work
 
Reactions: Kieranp96, Skyblueweeman, Briles and 5 others
S

SBT

Well-Known Member
  • Nov 2, 2022
  • #8,728
Brighton Sky Blue said:
Which is correct. But we’re discussing someone who was willing to pay £50 million for Derby plus stadium in the summer.
Click to expand...

Derby were up for sale - are we?
 
S

SBT

Well-Known Member
  • Nov 2, 2022
  • #8,729
Liquid Gold said:
In all seriousness if Ashley is buying the arena there is no doubt in my mind we go into the Jan window with him as owner.
Click to expand...

If Gilbert’s timeline is accurate and the arena deal won’t be completed for weeks then I’d say there’s almost zero chance of that.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 2, 2022
  • #8,730
SBT said:
Derby were up for sale - are we?
Click to expand...

They were also in administration. So presumably worth less.
 

The Philosopher

Well-Known Member
  • Nov 2, 2022
  • #8,731
SBT said:
Derby were up for sale - are we?
Click to expand...
I think so.
 

Evo1883

Well-Known Member
  • Nov 2, 2022
  • #8,732
SBT said:
If Gilbert’s timeline is accurate and the arena deal won’t be completed for weeks then I’d say there’s almost zero chance of that.
Click to expand...

Tweet says next couple weeks to be fair
 

Sky Blue Harry H

Well-Known Member
  • Nov 2, 2022
  • #8,733
AFCCOVENTRY said:
It’s clever what he’s doing. Means he will get planning permission for warehouses, offices, crate jobs etc… council and locals will embrace it. In the meantime he wants bit of a hobby and the club would be complimentary to his empire building in the city.
Click to expand...

He'll change our name to Complementary City - not having that.
 
Reactions: Kneeza
S

SBT

Well-Known Member
  • Nov 2, 2022
  • #8,734
Brighton Sky Blue said:
They were also in administration. So presumably worth less.
Click to expand...

So in other words, it was the stadium that Ashley was throwing most of the money at?
 

olderskyblue

Well-Known Member
  • Nov 2, 2022
  • #8,735
olderskyblue said:
A tall old guy with grey hair being shown the different lounges 1/2 hr ago. Northern accent. Probably nothing
Click to expand...
On reflection, the northern accent was Geordie….
 

MalcSB

Well-Known Member
  • Nov 2, 2022
  • #8,736
slowpoke said:
This is a Case of one step at a time Wasps gone kaput, ground soon to be sorted, Wasp signs I’m sure soon to be removed and then the club purchased not necessarily by the new ground owner was told ages ago prepare for a happy sky blue Christmas after 15 years I’m prepared to be patient a bit longer.
Click to expand...
Slight problem is that RFU rules apparently require a Phoenix Wasps to play at their existing home ground for 2 years.
 
Reactions: SkyBlueSam01
T

theferret

Well-Known Member
  • Nov 2, 2022
  • #8,737
Why all the angst?

Wasps are history - from this day forward the CBS Arena will be referred to as the home of Coventry City Football Club - Wasps are just a footnote in its history. What a result that is.

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

We're powerless anyway, so just have to let it play out, but I'm very optimistic.
 
Reactions: robbiethemole, RegTheDonk, bulko and 2 others

Liquid Gold

Well-Known Member
  • Nov 2, 2022
  • #8,738
SBT said:
If Gilbert’s timeline is accurate and the arena deal won’t be completed for weeks then I’d say there’s almost zero chance of that.
Click to expand...
Why do you think that though?
 

The Philosopher

Well-Known Member
  • Nov 2, 2022
  • #8,739
olderskyblue said:
On reflection, the northern accent was Geordie….
Click to expand...
Was he wearing crocodile shoes? Was it Jimmy Nail?
 
Reactions: vow
S

SBT

Well-Known Member
  • Nov 2, 2022
  • #8,740
theferret said:
The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.
Click to expand...

Are we still talking about Mike Ashley?
 

TomRad85

Well-Known Member
  • Nov 2, 2022
  • #8,741
SISU have been waiting for this for years, there's no way they just sit there and don't even make a bid unless they've agreed to sell, in my opinion.

Sent from my SM-G973F using Tapatalk
 
Reactions: Skyblueweeman and Liquid Gold

Sick Boy

Super Moderator
  • Nov 2, 2022
  • #8,742
theferret said:
Why all the angst?

Wasps are history - from this day forward the CBS Arena will be referred to as the home of Coventry City Football Club - Wasps are just a footnote in its history. What a result that is.

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

We're powerless anyway, so just have to let it play out, but I'm very optimistic.
Click to expand...
It’s still being referred to as Wasps’ ground/a rugby stadium in the media - we’re just mere tenants.

I’d still like to know where the Parasites’ takeover money is coming from.
 

MalcSB

Well-Known Member
  • Nov 2, 2022
  • #8,743
theferret said:
Why all the angst?

Wasps are history - from this day forward the CBS Arena will be referred to as the home of Coventry City Football Club - Wasps are just a footnote in its history. What a result that is.

The man taking over is a. genuinely fucking loaded and b. has previously owned a football club - so he'll get it, and the last thing he'll want to do is make enemies locally, especially as he's looking at other investments in the area that will be subject to planning and will require local goodwill.

We're powerless anyway, so just have to let it play out, but I'm very optimistic.
Click to expand...
A repeat I know. Slight problem is that RFU rules apparently require a Phoenix Wasps to play at their existing home ground for 2 years
 
S

SBT

Well-Known Member
  • Nov 2, 2022
  • #8,744
Liquid Gold said:
Why do you think that though?
Click to expand...

Takeovers of this size take a lot of time. If negotiations are at a standing start then I can’t imagine they’ll get done in 50 days. I wouldn’t expect to buy a house in that timeframe, let alone a football club. The due diligence alone could be a nightmare.
 

olderskyblue

Well-Known Member
  • Nov 2, 2022
  • #8,745
The Philosopher said:
Was he wearing crocodile shoes? Was it Jimmy Nail?
Click to expand...
He didn’t head butt me, so probably not
 
Reactions: The Philosopher

The Philosopher

Well-Known Member
  • Nov 2, 2022
  • #8,746
Hmm.

How close are Hoffman and Ashley. It looks like they’ve had some dealings.

Premier League chairman 'to resign' after Newcastle takeover backlash

Sky News report Premier League chairman Gary Hoffman is due to resign due to unrest over the Newcastle United takeover
www.chroniclelive.co.uk
 
T

theferret

Well-Known Member
  • Nov 2, 2022
  • #8,747
MalcSB said:
A repeat I know. Slight problem is that RFU rules apparently require a Phoenix Wasps to play at their existing home ground for 2 years
Click to expand...

Forever breaking their own rules that lot. Ultimately they will want Wasps back in some form, so you'd imagine there would be some slack, especially if they were returning to the London area.
 
Reactions: Kneeza

jordan210

Well-Known Member
  • Nov 2, 2022
  • #8,748
In the space of 24 hours. We have had NEC 100% buying the ground to Ashley 100% the ground.

ACL being purchased without admin. to ACL filing for Admins.
 
Reactions: RegTheDonk and SkyBlueSam01

Philosoraptor

Well-Known Member
  • Nov 2, 2022
  • #8,749
The Philosopher said:
Hmm.

How close are Hoffman and Ashley. It looks like they’ve had some dealings.

Premier League chairman 'to resign' after Newcastle takeover backlash

Sky News report Premier League chairman Gary Hoffman is due to resign due to unrest over the Newcastle United takeover
www.chroniclelive.co.uk
Click to expand...

Thought he resigned over the Super League fiasco, could be wrong.
 

Liquid Gold

Well-Known Member
  • Nov 2, 2022
  • #8,750
SBT said:
Takeovers of this size take a lot of time. If negotiations are at a standing start then I can’t imagine they’ll get done in 50 days. I wouldn’t expect to buy a house in that timeframe, let alone a football club. The due diligence alone could be a nightmare.
Click to expand...
I don’t think it’s a standing start. He’s been around for a while. I have no doubt the majority of terms have been agreed with sisu and that’s why they’ve not made a serious play on the arena.
 
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