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Wasps going into admin & the impact on CCFC (6 Viewers)

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

Administrator
  • Nov 8, 2022
  • #10,606
HuckerbyDublinWhelan said:
I’m sure I read he had an exclusivity period of 10 days
Click to expand...
How long has it been? Feels about 6 months
 
Reactions: Cranfield Sky Blue, ajsccfc and shmmeee

shmmeee

Well-Known Member
  • Nov 8, 2022
  • #10,607
Nick said:
How long has it been? Feels about 6 months
Click to expand...

Last Tuesday wasn’t it? During the game. So assuming ten days is ten business days that’s a week today.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,608
shmmeee said:
Last Tuesday wasn’t it? During the game. So assuming ten days is ten business days that’s a week today.
Click to expand...
I might be wrong - but I’m sure I read that somewhere. Trying to find a link
 

slowpoke

Well-Known Member
  • Nov 8, 2022
  • #10,609
Well Mike Ashley has been named preferential buyer, so terms have been agreed I assume other interested parties have to better those terms and satisfy the administrator a business plan going forward.
This has gone almost exactly how my very good itk said it would weeks ago, Wasps gone, stadium sorted, so I’m just waiting for the biggee for me number three and enjoy the happy Christmas he predicted.
 
Reactions: RegTheDonk and Gynnsthetonic

ajsccfc

Well-Known Member
  • Nov 8, 2022
  • #10,610
Has Ashley been confirmed as the preferred choice now?
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,611
slowpoke said:
Well Mike Ashley has been named preferential buyer, so terms have been agreed I assume other interested parties have to better those terms and satisfy the administrator a business plan going forward.
This has gone almost exactly how my very good itk said it would weeks ago, Wasps gone, stadium sorted, so I’m just waiting for the biggee for me number three and enjoy the happy Christmas he predicted.
Click to expand...
Doesn’t preferred bidder just give exclusive access to the books. So whilst his offer is good it isn’t set in stone
 

Frostie

Well-Known Member
  • Nov 8, 2022
  • #10,612
skybluetony176 said:
Please something happen today, anything. Either that or let’s start talking chocolate again.
Click to expand...

Don't get your Snickers in a twist
 
Reactions: RegTheDonk, SkyBlueCharlie9 and Gynnsthetonic

slowpoke

Well-Known Member
  • Nov 8, 2022
  • #10,613
HuckerbyDublinWhelan said:
Doesn’t preferred bidder just give exclusive access to the books. So whilst his offer is good it isn’t set in stone
Click to expand...
I’m not sure how it works to be honest some on here might, but you are right saying it isn’t set in stone. The preferred bidder in that on going Derby saga didn’t get it, neither did Mike Ashley.
The plus point for me is the ball is rolling.
 
Reactions: HuckerbyDublinWhelan
B

Brighton Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,614
slowpoke said:
Well Mike Ashley has been named preferential buyer, so terms have been agreed I assume other interested parties have to better those terms and satisfy the administrator a business plan going forward.
This has gone almost exactly how my very good itk said it would weeks ago, Wasps gone, stadium sorted, so I’m just waiting for the biggee for me number three and enjoy the happy Christmas he predicted.
Click to expand...

 

Torquay Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,615
Frostie said:
Don't get your Snickers in a twist
Click to expand...
It's a Marathon not a sprint

One for the teenagers
 
Reactions: RegTheDonk, torchomatic, Colin Steins Smile and 4 others

Otis

Well-Known Member
  • Nov 8, 2022
  • #10,616
Frostie said:
Don't get your Snickers in a twist
Click to expand...
Oh no, not more bloody chocolate talk. I've had enough. I am off to watch Guardians of the Galaxy after I have taken my Yorkie for a walk.

Hope that doesn't cause any sort of Ripple on here.
 
Reactions: Kieranp96, RegTheDonk, Frostie and 3 others
B

Brighton Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,617
Otis said:
Oh no, not more bloody chocolate talk. I've had enough. I am off to watch Guardians of the Galaxy after I have taken my Yorkie for a walk.

Hope that doesn't cause any sort of Ripple on here.
Click to expand...

Sweet
 
Reactions: Otis

SkyBlueCharlie9

Well-Known Member
  • Nov 8, 2022
  • #10,618
Weve all gone off topic again !
 
Reactions: RegTheDonk

jordan210

Well-Known Member
  • Nov 8, 2022
  • #10,619
I assume if nothing happens within the 10 day period they go in to full Admin ?
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,620
jordan210 said:
I assume if nothing happens within the 10 day period they go in to full Admin ?
Click to expand...
Again, not 100% on that timeframe - but effectively it gets opened up again
 

jordan210

Well-Known Member
  • Nov 8, 2022
  • #10,621
HuckerbyDublinWhelan said:
Again, not 100% on that timeframe - but effectively it gets opened up again
Click to expand...

As in open for creditors to liquidate them ? As cant just open up bidding again as otherwise you could keep playing the same game.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,622
jordan210 said:
As in open for creditors to liquidate them ? As cant just open up bidding again as otherwise you could keep playing the same game.
Click to expand...
No it opens it up for other bidders to come forward - the company is in administration at the moment. The way I understand it is - Ashley had made a conditional offer that is acceptable, he’s now got a time frame to complete the deal

same as Kirchner at Derby

ACL currently has funding it can remain in admin until it runs out
 
Reactions: duffer

shmmeee

Well-Known Member
  • Nov 8, 2022
  • #10,623
You know it’s bad when you’re hanging hope on a slowpoke post…
 
Reactions: Skyblueweeman, Sick Boy, Deleted member 5849 and 10 others

torchomatic

Well-Known Member
  • Nov 8, 2022
  • #10,624
Otis said:
Oh no, not more bloody chocolate talk. I've had enough. I am off to watch Guardians of the Galaxy after I have taken my Yorkie for a walk.

Hope that doesn't cause any sort of Ripple on here.
Click to expand...

There's always one Drifter who goes off thread.
 
Reactions: Skyblueweeman and Otis
R

robbiethemole

Well-Known Member
  • Nov 8, 2022
  • #10,625
I think we’ll all be Flaked out at the end of this
 
Reactions: torchomatic and Gynnsthetonic

skybluetony176

Well-Known Member
  • Nov 8, 2022
  • #10,626
Are SISU still in the running or have they fudged it?
 
Reactions: Gynnsthetonic

Johnnythespider

Well-Known Member
  • Nov 8, 2022
  • #10,627
Is Joy's American investor a Texan
 
Reactions: torchomatic

skybluetony176

Well-Known Member
  • Nov 8, 2022
  • #10,628
Johnnythespider said:
Is Joy's American investor a Texan
Click to expand...
I don’t know but if they stay here much long it won’t be long before we yo-yo up and down the leagues again.
 

Brylowes

Well-Known Member
  • Nov 8, 2022
  • #10,629
HuckerbyDublinWhelan said:
ACL currently has funding it can remain in admin until it runs out
Click to expand...

Is Mike Ashley providing the necessary funds to keep ACL open for business ?
If not who else would.
Rolo on the conclusion to this mess.
 

jordan210

Well-Known Member
  • Nov 8, 2022
  • #10,630
 
Reactions: Skybluedownunder

Gynnsthetonic

Well-Known Member
  • Nov 8, 2022
  • #10,631
Ashley seems to have SISU by the curly wurlys
 
Reactions: Brylowes, Brighton Sky Blue, Philosoraptor and 9 others

jordan210

Well-Known Member
  • Nov 8, 2022
  • #10,632
 

False9

Well-Known Member
  • Nov 8, 2022
  • #10,633
jordan210 said:
Click to expand...

"we tried to buy the stadium but were blocked from doing so"
 
Reactions: LastGarrison, Skybluedownunder, Brylowes and 3 others

clint van damme

Well-Known Member
  • Nov 8, 2022
  • #10,634
Sisu have fucked it.
Do they take what they can for the club and skip town or do they dig in and act the prick?
 
Reactions: torchomatic

edgy

Well-Known Member
  • Nov 8, 2022
  • #10,635
clint van damme said:
Sisu have fucked it.
Do they take what they can for the club and skip town or do they dig in and act the prick?
Click to expand...

Do we have an historical experience to help us guess I wonder?
 
Reactions: djr8369, LastGarrison, Brylowes and 13 others
S

SBT

Well-Known Member
  • Nov 8, 2022
  • #10,636
clint van damme said:
Sisu have fucked it.
Do they take what they can for the club and skip town or do they dig in and act the prick?
Click to expand...

They can’t just give up now - not when we’re so close to the Warwick University stadium!
 
Reactions: Nsgdm1, Colin Steins Smile, Skyblueweeman and 6 others

Alkhen

Well-Known Member
  • Nov 8, 2022
  • #10,637
False9 said:
"we tried to buy the stadium but were blocked from doing so"
Click to expand...
To be fair if this goes down they would have a point. I have no love for SISU but it does appear that CCC holding grudges has scuppered any chance they would have had to even make a bid... For the second time
 
D

Deleted member 5849

Guest
  • Nov 8, 2022
  • #10,638
Alkhen said:
To be fair if this goes down they would have a point. I have no love for SISU but it does appear that CCC holding grudges has scuppered any chance they would have had to even make a bid... For the second time
Click to expand...
Ultimately though the administrator will want the best deal - so Ashley has clearly come in with a deal that's considered more than acceptable.

Others could have done that, it's not like he's Mystic Mike who somehow can predict this happening and get his ducks lined up... unlike the owners of one of the stadium's tenants, who'd have no clue anything was wrong until it all came falling down!
 
Reactions: robbiethemole, Skyblueweeman and Otis

False9

Well-Known Member
  • Nov 8, 2022
  • #10,639
Alkhen said:
To be fair if this goes down they would have a point. I have no love for SISU but it does appear that CCC holding grudges has scuppered any chance they would have had to even make a bid... For the second time
Click to expand...

Didn't Gilbert state they weren't intiially interested and there were 2 bidders.

If Sisu had to sell Hyam to pay for some grass temporarily, it says a lot about their finances. Can't see where 20m for the arena comes from.
 

RegTheDonk

Well-Known Member
  • Nov 8, 2022
  • #10,640
An "eight figure sum" would start at £10M which I'd expect would spread pretty thin for the bondholders/creditors. I'd think even SISU and whatever American investor they had in mind would surely trump that. Would we assume it's much more than that as does not the administrator have to get the best deal?
 
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