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Wasps going into admin & the impact on CCFC (5 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,256
Grendel said:
Well I’ve said they have - I think what Pete has been told is they were stitched up as a pre pack was agreed by all parties in advance of administration so all other bids were never considered
Click to expand...
Yeah and I’m not saying it’s true but looks likely
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,257
Saddlebrains said:
Thing is Ashley was offered pre pack and preferred bidder status etc

Council/ACL pushed it through quickly to avoid an open market admin knowing the only other show in town was SISU.

As i said the other day, this is what i meant by council still having snouts in the trough
Click to expand...

In return Ashley can actually bring a lot of jobs and genuine investment into the stadium and local economy. SISU can’t.
 
Reactions: thekidfromstrettoncamp, shmmeee, Sky Blue Pete and 1 other person

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,258
Sky Blue Pete said:
Yeah and I’m not saying it’s true but looks likely
Click to expand...

He must though have got a deal struck with Richardson as the primary unsecured creditor?
 

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,259
Brighton Sky Blue said:
In return Ashley can actually bring a lot of jobs and genuine investment into the stadium and local economy. SISU can’t.
Click to expand...
Certainly on paper yep although he’s clearly a xxnt
 
Reactions: Terry_dactyl

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,260
Grendel said:
He must though have got a deal struck with Richardson as the primary unsecured creditor?
Click to expand...
Must have mustn’t he
 

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,261
Sky Blue Pete said:
Certainly on paper yep although he’s clearly a xxnt
Click to expand...

Why are you so angry about all this?
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,262
Sky Blue Pete said:
Certainly on paper yep although he’s clearly a xxnt
Click to expand...

If he brings some prosperity to the city during these dark economic times then I’m not sure he is as much of one as you suggest.

As for the comically poorly named Joy who you seem to have been speaking to-she has brought nothing but unhappiness and bitter feeling in her 15 years here.
 
Reactions: thekidfromstrettoncamp

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,263
Grendel said:
Why are you so angry about all this?
Click to expand...
Not really angry just hugely frustrated
If we acknowledge that capitalism with accountability is the best form of society the likes of Ashley are the worst form of winners in the model of capitalism without accountability
I think that’s why I’m so angry about him personally
 

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,264
Brighton Sky Blue said:
If he brings some prosperity to the city during these dark economic times then I’m not sure he is as much of one as you suggest.

As for the comically poorly named Joy who you seem to have been speaking to-she has brought nothing but unhappiness and bitter feeling in her 15 years here.
Click to expand...
I absolutely take that point I really do but it’s people like him making so much money that means we can’t invest in basics as a society like good education for all for instance
 
Reactions: Deleted member 5849

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,265
Sky Blue Pete said:
Not really angry just hugely frustrated
If we acknowledge that capitalism with accountability is the best form of society the likes of Ashley are the worst form of winners in the model of capitalism without accountability
I think that’s why I’m so angry about him personally
Click to expand...

He employs over 25,000 people.
 
Reactions: Sky Blue Pete

The Philosopher

Well-Known Member
  • Nov 6, 2022
  • #10,266
I think the Council and their self-important original handling or the deal is what has got many people’s backs up.

If they had said,“look SISU, we’ve got another option so if you want the Arena stop with the silly shit. Better still let’s all sit around the table because maybe having Wasps here saves you some money on upkeep costs, maybe not. Let’s thrash it out. If you carry on with the distress nonsense then we have to do what’s best for the City”

The council didn’t. They pretended that they were some kind of Big City business dealers with a secret mission. They are not, they are civil servants with cheap suits at the behest of the taxpayer.
 
Reactions: pipkin73

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,267
Grendel said:
He employs over 25,000 people.
Click to expand...
He does it’s a balance isn’t it
Do you know anyone employed by him and their terms and conditions?
 
Reactions: Otis

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,268
Sky Blue Pete said:
I absolutely take that point I really do but it’s people like him making so much money that means we can’t invest in basics as a society like good education for all for instance
Click to expand...

Im pretty sure Ms Seppala doesn’t live in rented accommodation and shops at Aldi.

Ashley I suppose is proof if nothing else that education is not a pre-cursor to huge wealth
 
Reactions: Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,269
Grendel said:
Im pretty sure Ms Seppala doesn’t live in rented accommodation and shops at Aldi.

Ashley I suppose is proof if nothing else that education is not a pre-cursor to huge wealth
Click to expand...
Course
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,270
Sky Blue Pete said:
I absolutely take that point I really do but it’s people like him making so much money that means we can’t invest in basics as a society like good education for all for instance
Click to expand...

I disagree, that’s down to political choices made as a country. As for Ashley the evidence points to him wanting to set up shop in a particular area and build something long term. If he does then the city as a whole benefits.

SISU are a hedge fund. Looking like Ashley to seize on distressed businesses for their own profit. They’re just a lot worse at it than he is.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 6, 2022
  • #10,271
Sky Blue Pete said:
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
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Come on mate - you can’t blame the council for this one SISU could have pre-packed this themselves - they didn’t because they were waiting until it was worth pennies. I get the strategy

Ashley comes in before admin and buys it. Not a lot the council could do really
 

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,272
Brighton Sky Blue said:
I disagree, that’s down to political choices made as a country. As for Ashley the evidence points to him wanting to set up shop in a particular area and build something long term. If he does then the city as a whole benefits.

SISU are a hedge fund. Looking like Ashley to seize on distressed businesses for their own profit. They’re just a lot worse at it than he is.
Click to expand...
You don’t think abhorrent private wealth is a stain on our society?
 
Reactions: Kneeza and Otis

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,273
HuckerbyDublinWhelan said:
Come on mate - you can’t blame the council for this one SISU could have pre-packed this themselves - they didn’t because they were waiting until it was worth pennies. I get the strategy

Ashley comes in before admin and buys it. Not a lot the council could do really
Click to expand...
Who would they have dealt with or deal with ??
The council appear to be supporting in lots of ways
 

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,274
Sky Blue Pete said:
He does it’s a balance isn’t it
Do you know anyone employed by him and their terms and conditions?
Click to expand...

Nope.

Mike Ashley’s Frasers bans working from home as staff caught on social media - TheIndustry.fashion

Mike Ashley’s Frasers Group has has stopped office staff working from home on Fridays after employees were caught too often on social media.
www.theindustry.fashion
 

The Philosopher

Well-Known Member
  • Nov 6, 2022
  • #10,275
Sky Blue Pete said:
I absolutely take that point I really do but it’s people like him making so much money that means we can’t invest in basics as a society like good education for all for instance
Click to expand...
Right. Tax businesses so much that they flag out abroad and we get less tax revenue to pay for the basics of society, borrow, devalue sterling etc.

The EU playbook accelerated.
 
Reactions: clint van damme
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 6, 2022
  • #10,276
Sky Blue Pete said:
Who would they have dealt with or deal with ??
The council appear to be supporting in lots of ways
Click to expand...
They may be supporting it but they’re not the decision makers. It’s a deal that’s gone through a private entity and the administrators.

there was nothing stopping SISU making a bid

if they did make a bid and it was not considered that’s a different matter
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,277
Sky Blue Pete said:
You don’t think abhorrent private wealth is a stain on our society?
Click to expand...

I don’t like huge wealth and income inequality but Mike Ashley personally isn’t to blame for how that system came into being. Again, we’re owned by an even more predatory type of capitalist.

Maybe call Joy a c**t too if you’re being consistent.
 

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,278
Sky Blue Pete said:
You don’t think abhorrent private wealth is a stain on our society?
Click to expand...

I think if some billionaire sheik with a dodgy human rights record bought ccfc and promised a £500 million transfer war chest as a start most supporters would cheer from the rooftops
 
Reactions: Terry Gibson's perm and pipkin73

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,279
The Philosopher said:
Right. Tax businesses so much that they flag out abroad and we get less tax revenue to pay for the basics of society, borrow, devalue sterling etc.

The EU playbook accelerated.
Click to expand...
It’s a balance it’s capitalism with regulation . Private wealth is at abhorrent levels. Your challenge is one that local councils and Westminster and the eu have to consider of course
 

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,280
Brighton Sky Blue said:
I don’t like huge wealth and income inequality but Mike Ashley personally isn’t to blame for how that system came into being. Again, we’re owned by an even more predatory type of capitalist.

Maybe call Joy a c**t too if you’re being consistent.
Click to expand...
Fair comment. I should know more about what sisu as a business have specifically been involved in. I understand how hedge funds work of course
 

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,281
Brighton Sky Blue said:
I disagree, that’s down to political choices made as a country. As for Ashley the evidence points to him wanting to set up shop in a particular area and build something long term. If he does then the city as a whole benefits.

SISU are a hedge fund. Looking like Ashley to seize on distressed businesses for their own profit. They’re just a lot worse at it than he is.
Click to expand...

Its like a boxing match between Happy Shopper v Walmart
 
Reactions: Brighton Sky Blue

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,282
HuckerbyDublinWhelan said:
They may be supporting it but they’re not the decision makers. It’s a deal that’s gone through a private entity and the administrators.

there was nothing stopping SISU making a bid

if they did make a bid and it was not considered that’s a different matter
Click to expand...
No administrators they aren’t in admin are they?
 

Sky Blue Pete

Well-Known Member
  • Nov 6, 2022
  • #10,283
Grendel said:
I think if some billionaire sheik with a dodgy human rights record bought ccfc and promised a £500 million transfer war chest as a start most supporters would cheer from the rooftops
Click to expand...
I’m sure
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,284
Grendel said:
I think if some billionaire sheik with a dodgy human rights record bought ccfc and promised a £500 million transfer war chest as a start most supporters would cheer from the rooftops
Click to expand...

I think most with objections to Ashley would similarly drop these if he took over and gave Robins £20 million to spend
 
Reactions: pipkin73
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 6, 2022
  • #10,285
Brighton Sky Blue said:
I think most with objections to Ashley would similarly drop these if he took over and gave Robins £20 million to spend
Click to expand...
Exactly - football fans are the biggest hypocrites in the world.
 
Reactions: thekidfromstrettoncamp
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,286
Sky Blue Pete said:
Fair comment. I should know more about what sisu as a business have specifically been involved in. I understand how hedge funds work of course
Click to expand...

Even if this was the only one that they were, look at what they did in 2013. Finding themselves ultimately condemned by every judge to pass comment
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 6, 2022
  • #10,287
Sky Blue Pete said:
No administrators they aren’t in admin are they?
Click to expand...
They are now. But the deal was made prior to admin with the administrators. It’s a “when you go to admin I’ll make this bid” deal

SISU know how to do this, but they’ve chosen the wrong time… again
 
Reactions: thekidfromstrettoncamp
B

Brighton Sky Blue

Well-Known Member
  • Nov 6, 2022
  • #10,288
HuckerbyDublinWhelan said:
Exactly - football fans are the biggest hypocrites in the world.
Click to expand...

And to be honest if he’s willing to properly bankroll the club to the tune of millions or tens of millions he has the right to put what he wants on the stadium or kit. You would just hope that he sees our preference for more unique kits as a selling point
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 6, 2022
  • #10,289
Brighton Sky Blue said:
And to be honest if he’s willing to properly bankroll the club to the tune of millions or tens of millions he has the right to put what he wants on the stadium or kit. You would just hope that he sees our preference for more unique kits as a selling point
Click to expand...
Give me success and I’ll take a donnay kit off the rack with the CCFC badge and Sport direct on it
 

Grendel

Well-Known Member
  • Nov 6, 2022
  • #10,290
HuckerbyDublinWhelan said:
They are now. But the deal was made prior to admin with the administrators. It’s a “when you go to admin I’ll make this bid” deal

SISU know how to do this, but they’ve chosen the wrong time… again
Click to expand...

boddy probably has been doing the rounds whining it’s not fair - we had an offer to buy - it’s not our fault
 
Reactions: thekidfromstrettoncamp
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