Astute
Well-Known Member
So a guess of yours is conceivable yet a way out for Joy and her latest investors isn't?
So a guess of yours is conceivable yet a way out for Joy and her latest investors isn't?I doubt it’s that deep
There will be some comment after the dust settles.
It would be interesting to know what actually led to the sale of Hyam. It is conceivable the investors needed paying and not cash flow. That’s alarming for January
Seppala and Ashley have similar values. Distress and buy cheap. Can’t see it being a match made in heaven
So you say her options are running out yet you say that selling to Ashley isn't an option you're willing to consider?As OSB says the EFL would really have no justification to sanction another move
Even if they did what supporters (other than Frank) would accept it? At that point as well surely Robins would have to walk.
Options running out
So what excuse would SISU have on moving us away from Coventry yet again if the rent stayed the same as agreed for the next 8 years?Personally I'm hoping we never get to to a point where we have Sepalla saying we're moving again and the EFL saying you're out the league if you do. But that is a worry in the Ashley scenario, two people neither of whom are prepared to back down or that concerned about the collateral damage they cause.
I know a lot of people were concerned with the potential of the NEC taking over but I didn't really buy into the idea that they would concrete over the pitch & stick a roof on or raise the rent to ridiculous levels. I'm yet to be convinced that a relatively passive landlord who just lets us do are thing is worse than someone like Ashely trying to distress SISU into selling the club.
Personally I'm hoping we never get to to a point where we have Sepalla saying we're moving again and the EFL saying you're out the league if you do. But that is a worry in the Ashley scenario, two people neither of whom are prepared to back down or that concerned about the collateral damage they cause.
I know a lot of people were concerned with the potential of the NEC taking over but I didn't really buy into the idea that they would concrete over the pitch & stick a roof on or raise the rent to ridiculous levels. I'm yet to be convinced that a relatively passive landlord who just lets us do are thing is worse than someone like Ashely trying to distress SISU into selling the club.
So a guess of yours is conceivable yet a way out for Joy and her latest investors isn't?
So you say her options are running out yet you say that selling to Ashley isn't an option you're willing to consider?
I don’t own the club
From what I have seen, it was a bondholder who was talking about a possible refinance which seems to me to be grasping at straws in terms of getting their money back with little thought about a how nonsensical that would be.Cant see Ashley buying the lease for anything close to £25m - the valuation is driven down by the £13m dilapidation requirements
There is some talk of a separate refinance to them which again is on his terms as the preferred bidder. Also they have security over assets with wasps holdings so the trustee can claim secured assets there
Ashley can take considerable time to purchase the football club. In the meantime he gets assured revenue through the clubs sub lease. He would I’m sure not be adverse to wasps playing as well. He will look to maximise revenue through the stadium initially. He can wait years to buy the club if he wants and can wait until it’s value is driven down - he never buys things without looking at profit
From what I have seen, it was a bondholder who was talking about a possible refinance which seems to me to be grasping at straws in terms of getting their money back with little thought about a how nonsensical that would be.
I was going to add that it was based on an old story - that a bondholder was suggesting was still a possibility, thinking that would be a route for them to get their £35m back. Since reported that the refinance option was withdrawn and Ashley went into distressed purchase mode. I don’t think that particular bondholder has kept up with progress.It actually came from here and it clearly wouldn’t be the same amount or terms
Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover
Former Newcastle owner Mike Ashley has held talks with Wasps about a potential takeover as the debt-ridden club battle for their survival. Ashley is understood to have signed a Head of Terms.www.dailymail.co.uk
Why would Ashley express an interest in CCFC before he has secured the stadium. Revealing his intent could put the price up and he would be better to discover an interest when he has the stadium and experiences the vibe.That Alan Nixon sun journalist saying on Twitter Ashley just wants the ground. Don’t know how accurate he is normally with info.
Think the inevitability of Ashley taking over is a lot further away than people think. Few people now saying he’s not interested in us.
He’s a tit if he just buys the groundWhy would Ashley express an interest in CCFC before he has secured the stadium. Revealing his intent could put the price up and he would be better to discover an interest when he has the stadium and experiences the vibe.
Totally agreeHe’s a tit if he just buys the ground
He’s a tit if he just buys the ground
Perspective is the answer.How much are we guessing Ashley is offering? Wouldn’t he have been better to wait and picked it up a lot lower?
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Ashley strikes me as the type of bloke that has to get a bargain to get that sense of “winning”, that sense that he’s outthought the establishment / another businessman/woman. Look at Sports Direct and how he’s made that and now House of Fraser.Perspective is the answer.
Ashley holding off any purchase to try and save a few million would compare to the vast majority of us holding off the purchase of a car to try and get a free half tank of fuel.
He is said to be worth about £3,600,000,000
He's bought up a good chunk of high street clothing/companies, I dont think hes a chancer, it seems like his current thing is buying up failing brands or companies. He's not an idiot, he's probably got his eyes on City and using the ground situation to strong arm sisu in the long run. As long as we dont play in Donnay or Londsdale, he cant be any worse than sisu can he?Ashley strikes me as the type of bloke that has to get a bargain to get that sense of “winning”, that sense that he’s outthought the establishment / another businessman/woman. Look at Sports Direct and how he’s made that and now House of Fraser.
But then again he flies everywhere in a chopper - which ain’t cheap.
My take: he’ll get hold of the Wasp brand and try to show everyone that he’s smarter than them by getting them back to something like.
I also think he’ll want to get hold of CCFC and want us to finish higher than NUFC - just to say “F—- You, football establishment”
He can but if he does he’s a titHe is under no timescale though so can wait and wait until for him a time is suitable
Think it will depend who you blame for what happens if he does buy the arena and not ccfcHe's bought up a good chunk of high street clothing/companies, I dont think hes a chancer, it seems like his current thing is buying up failing brands or companies. He's not an idiot, he's probably got his eyes on City and using the ground situation to strong arm sisu in the long run. As long as we dont play in Donnay or Londsdale, he cant be any worse than sisu can he?
I hope you’re correct. You normally talk a lot of sensePerspective is the answer.
Ashley holding off any purchase to try and save a few million would compare to the vast majority of us holding off the purchase of a car to try and get a free half tank of fuel.
He is said to be worth about £3,600,000,000
Ashley did an interesting documentary when he was at Newcastle. He was saying that on paper he was worth X amount, but his wealth was tied up in Sports Direct shares which he wasn't prepared sell. His liquid wealth wasn't enough to be competitive at the top end of the Premiership and he refused to keep putting in endless money which the fans wanted.He is said to be worth about £3,600,000,000
Be nice if ccc bent over backwards to support organisations and individuals in the city as much as they did with wasps and they appear to be doing with himDoes Ashley buy us now with the possibility of a good run and maybe play-offs for a higher sum or leave it to pick up cheaply down the line when we are in a much worse position, losing best players, maybe even relegated. The latter could add a couple of years to his timescale and could mean throwing even more money at it to get us where we are now.
He has the money so makes sense to buy now and go for it.
Be nice if ccc bent over backwards to support organisations and individuals in the city as much as they did with wasps and they appear to be doing with him
Haven’t seen Coventry rugby club threatening legal action. To be fair not have I seen ccfc threaten it either, and wasps didn’t bring any investment either did they ultimately.“Why Oh Why are the council prioritising companies that promise investment into the city and not the one threatening legal action and refusing to actually bid or even engage“
Absolute mystery mate. One for Scooby-Doo that.
Haven’t seen Coventry rugby club threatening legal action. To be fair not have I seen ccfc threaten it either, and wasps didn’t bring any investment either did they ultimately.
I have said if Ashley does bring investment and jobs ccc have fallen on their feet. If he just gets lots of support and doesn’t follow through then we’ve been played again
How many football club owners are asked by the local council to build hotels on adjacent land to the stadium, I can't think of anyNo they didn’t. But they promised it. As I said before this is like turning up to a job interview unwashed and in a dirty tracksuit and complaining you were the best person for the job.
Everything is someone else’s fault. It’s like being owned by a 12 year old. CCC have repeatedly said they want an owner for the arena that aligns with their vision for regeneration. Wasps and Ashley made those promises Sisu refused to cos reasons.
No attempt to even be involved in the process twice now. Just sit about moaning no one offered them the stadium exclusively for free.
Think they have attempted to this time but been sidelined when Ashley or whoever became the one. I don’t disagree about what it looks likeNo they didn’t. But they promised it. As I said before this is like turning up to a job interview unwashed and in a dirty tracksuit and complaining you were the best person for the job.
Everything is someone else’s fault. It’s like being owned by a 12 year old. CCC have repeatedly said they want an owner for the arena that aligns with their vision for regeneration. Wasps and Ashley made those promises Sisu refused to cos reasons.
No attempt to even be involved in the process twice now. Just sit about moaning no one offered them the stadium exclusively for free.
No they didn’t. But they promised it. As I said before this is like turning up to a job interview unwashed and in a dirty tracksuit and complaining you were the best person for the job.
Everything is someone else’s fault. It’s like being owned by a 12 year old. CCC have repeatedly said they want an owner for the arena that aligns with their vision for regeneration. Wasps and Ashley made those promises Sisu refused to cos reasons.
No attempt to even be involved in the process twice now. Just sit about moaning no one offered them the stadium exclusively for free.
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