robbiethemole
Well-Known Member
They’ve missed the bit about bankrupting Wasps owing £35m+ and screwing the bond holders over.
Blimey.,, have I read this right. Stephen Vaughan is the e new CEO of Yorkshire cricket club. Lol..
The Yorkshire County Cricket Club today announces the appointment of Stephen Vaughan as Chief Executive Officer. He will officially begin the role on 7th November 2022.
Stephen joins the Club following three years at Wasps Group, which he joined as CEO of sports businesses in August 2019. He became Group Chief Executive in 2020, with additional responsibility for venues, overseeing the securing of stadium naming rights and the return of Coventry City Football Club to the city. During his time there, Stephen was responsible for the rollout of a comprehensive Equality, Diversity & Inclusion (ED&I) strategy, placing this at the heart of the group’s mission and values.
Yeah there's no stadium although nobody knows how cheap it is yet.
Does that stuff usually get made public by Administrators?
Council leader George Duggins told BBC CWR that the stadium would continue to operate over the next few weeks, so Coventry City can fulfil their fixtures.
He said that allowing Wasps to move into the Arena eight years ago was "the right thing to do" at the time, but the council was now focused on securing its future.
What a fucking backstabbing,shit-spouting, gobshite this bloke is
Blimey.,, have I read this right. Stephen Vaughan is the e new CEO of Yorkshire cricket club. Lol..
The Yorkshire County Cricket Club today announces the appointment of Stephen Vaughan as Chief Executive Officer. He will officially begin the role on 7th November 2022.
Stephen joins the Club following three years at Wasps Group, which he joined as CEO of sports businesses in August 2019. He became Group Chief Executive in 2020, with additional responsibility for venues, overseeing the securing of stadium naming rights and the return of Coventry City Football Club to the city. During his time there, Stephen was responsible for the rollout of a comprehensive Equality, Diversity & Inclusion (ED&I) strategy, placing this at the heart of the group’s mission and values.
Council leader George Duggins told BBC CWR that the stadium would continue to operate over the next few weeks, so Coventry City can fulfil their fixtures.
He said that allowing Wasps to move into the Arena eight years ago was "the right thing to do" at the time, but the council was now focused on securing its future.
What a fucking backstabbing,shit-spouting, gobshite this bloke is
They’ve missed the bit about bankrupting Wasps owing £35m+ and screwing the bond holders over.
Sure everyone who is owed money will completely agree Wasps move was 'the right thing to do'.He said that allowing Wasps to move into the Arena eight years ago was "the right thing to do" at the time, but the council was now focused on securing its future.
Why are they getting involved in a deal between private companies? Can’t keep their fucking noses out of the troughAgain, the council making the statements....
Which is what I keep saying. They are very involved. Making all the statements, going through the bids etcWhy are they getting involved in a deal between private companies? Can’t keep their fucking noses out of the trough
Offered by who?They were offered a deal worth around 15mill in league 2 and laughed it off. 20mill wouldn't even get a courtesy call.
At £35m they probably don’t have to agree. It’s just repaid.At what point do the bond holders (the trustee) agree to an offer?
Would have thought that would have already been done?
That's assuming he's going to pay the full amount for it?At £35m they probably don’t have to agree. It’s just repaid.
That releases the charge over the lease so it can be sold.
Then there’s Compass and we don’t know their charge value.
Once those figures have been met the lease can be transferred and ACL into Admin pending liquidation.
The question is:
Has Ashley taken on the Lease for £35£40m plus dilapidations provision?
Reading some of the bondholders posts, it seems they have been sidelined for months.At what point do the bond holders (the trustee) agree to an offer?
Would have thought that would have already been done?
Can't stand the bloke but as freeholder why won't they be making statementsAgain, the council making the statements....
If they go and we get a better owner I'd take that.I worry that SISU may react with an asset stripping strategy of selling every sellable player in January to recoup as much money as possible. That could be circa £20m and then look to sell the club, as we get relegated.
Are they usually that involved and making statements?Can't stand the bloke but as freeholder why won't they be making statements
They maybe gone before that, they could go with sell on clauses and promotion clauses in the deal to sell the clubI worry that SISU may react with an asset stripping strategy of selling every sellable player in January to recoup as much money as possible. That could be circa £20m and then look to sell the club, as we get relegated.
They were offered a deal worth around 15mill in league 2 and laughed it off. 20mill wouldn't even get a courtesy call.If Ashley offered say £20m for the club she'd have to go back to her investors, they couldn't turn it down surely
OK why are they making statements then, what's your reasoning?Are they usually that involved and making statements?
I remember it included cash up front, sisu keeping Ryton,( which has planning permission for housing), % of transfer fees for x years etc. They laughed at it.Offered by who?
They were offered a deal worth around 15mill in league 2 and laughed it off. 20mill wouldn't even get a courtesy call.If Ashley offered say £20m for the club she'd have to go back to her investors, they couldn't turn it down surely
Fat bastard!
If anyone wants to punch their screen
They need to get their on paper investment back (total guess £60m) or be able to generate 5-10% ROI (£3-6m) in added value or profit.I worry that SISU may react with an asset stripping strategy of selling every sellable player in January to recoup as much money as possible. That could be circa £20m and then look to sell the club, as we get relegated.
Has anyone listened to the Gilbert interview with Duggins?
I doubt it was £15m up frontThey were offered a deal worth around 15mill in league 2 and laughed it off. 20mill wouldn't even get a courtesy call.
If it’s he’s train set then it’s up to him.
If it’s 300k rent and 200k on beer and advertising (after costs and I’ve totally made those figures up) then that’s up to him. At the moment they probably have the income potential of a National League football team.
It’s income with potential to get to Rugby Prem in a year (remember they’ve got a few empty slots to fill) which is probably L1 level income.
I don’t want Wasps here, I’m just putting forward an angle.
No it wasn't, it did however include keeping Ryton.I doubt it was £15m up front
I think that they knew that this day would come and so didn't really put any investment into the squad in the summer with an eye on selling when wasps went pop.I worry that SISU may react with an asset stripping strategy of selling every sellable player in January to recoup as much money as possible. That could be circa £20m and then look to sell the club, as we get relegated.
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