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Wasps going into admin & the impact on CCFC (7 Viewers)

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

Well-Known Member
  • Nov 8, 2022
  • #10,711
BackRoomRummermill said:
Did SISU actually place a bid ? Or were they blocked ?
Click to expand...
It appears they were blocked from bidding due to a standard period of exclusivity that’s in place when a preferred bidder is in place. clearly they haven’t got a fucking clue what they’re doing
 
Reactions: BackRoomRummermill and Saddlebrains

Sky Blue Pete

Well-Known Member
  • Nov 8, 2022
  • #10,712
CCFCSteve said:
I think Gilbert might be putting two and two together and coming up with five.

The council will have to be fully in the loop on the sale of the long lease, as freeholder. Also as they would be receiving commercially sensitive information with regards to the sale, they would’ve been asked to sign a NDA

That doesn’t mean they’re influencing/heavily involved in the sale process

ps I also don’t believe for a second SISU wouldn’t have been aware of the sale process and deadlines before any preferred bidder status was granted.
Click to expand...
I’m pretty sure reeves has been massively involved
 
Reactions: Sick Boy, Gynnsthetonic and Saddlebrains

MalcSB

Well-Known Member
  • Nov 8, 2022
  • #10,713
Why are Ashley’s team supposedly physically at the stadium doing “due diligence”, given that the vast majority of such an exercise is paper based? The only reason I can think of is checking the condition of the stadium given the concerns about significant dilapidations to be remedied. Still not a done deal - “many a slip between cup and lip”.
 

Evo1883

Well-Known Member
  • Nov 8, 2022
  • #10,714
Is sisus ownership on life support now ?
 
R

rexo87

Well-Known Member
  • Nov 8, 2022
  • #10,715
So admin goes through on 17th. IF Ashley doesn't think by then that Sisu will sell I wonder whether he may pull out

Sent from my SM-G991B using Tapatalk
 
Reactions: Colin Steins Smile and Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Nov 8, 2022
  • #10,716
rexo87 said:
So admin goes through on 17th. IF Ashley doesn't think by then that Sisu will sell I wonder whether he may pull out

Sent from my SM-G991B using Tapatalk
Click to expand...
That would be hilarious for reeves
 
Reactions: Saddlebrains
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,717
Sky Blue Pete said:
That would be hilarious for reeves
Click to expand...
It would be - almost as funny as it will be watching SISU trying to dodge bidding for it then
 
Reactions: Brylowes and Northants Sky Blue
R

rexo87

Well-Known Member
  • Nov 8, 2022
  • #10,718
Sky Blue Pete said:
That would be hilarious for reeves
Click to expand...
Yeah in all probability it wouldn't happen and Ashley would take the ground without the club, but it would be the best scenario imo

Sent from my SM-G991B using Tapatalk
 

Fergusons_Beard

Well-Known Member
  • Nov 8, 2022
  • #10,719
Honestly cannot see SISU getting bullied by Ashley if he gets the stadium.

SISU will just walk if rent goes up dramatically as they have already done.

Ashley will be acutely aware that without the football team the stadium is at best a decent venue for gigs etc.

Stadium definitely needs the football club to turn a profit.

Unless anyone else can prove otherwise?


Sent from my iPhone using Tapatalk Pro
 
Reactions: Hiraeth
D

Deleted member 5849

Guest
  • Nov 8, 2022
  • #10,720
CCFCSteve said:
I think Gilbert might be putting two and two together and coming up with five.

The council will have to be fully in the loop on the sale of the long lease, as freeholder. Also as they would be receiving commercially sensitive information with regards to the sale, they would’ve been asked to sign a NDA

That doesn’t mean they’re influencing/heavily involved in the sale process

ps I also don’t believe for a second SISU wouldn’t have been aware of the sale process and deadlines before any preferred bidder status was granted.
Click to expand...
At the end of the day, unless they're a major creditor, they'd have little to no say, surely?
 

Grendel

Well-Known Member
  • Nov 8, 2022
  • #10,721
Sky Blue Pete said:
You said they didn’t bid and wouldn’t be
Click to expand...

They bid for the Higgs share of the stadium when wasps had agreed a deal even when in administration - so what
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,722
Grendel said:
They bid for the Higgs share of the stadium when wasps had agreed a deal even when in administration - so what
Click to expand...
It’s alright - Petes got me - I said they hadn’t bid before… clearly SISU have been screwed here

 
Reactions: Sky Blue Pete

TomRad85

Well-Known Member
  • Nov 8, 2022
  • #10,723
In a roundabout way, if the club ends up with Ashley the council have done us a favour, inadvertently of course. Let us not overlook that these cunts have fully made an active effort to fuck the club AGAIN though. Fucking slimy pricks.

Sent from my SM-G973F using Tapatalk
 
Reactions: davy67, Astute, robbiethemole and 2 others

Colin Steins Smile

Well-Known Member
  • Nov 8, 2022
  • #10,724
Fergusons_Beard said:
Honestly cannot see SISU getting bullied by Ashley if he gets the stadium.

SISU will just walk if rent goes up dramatically as they have already done.

Ashley will be acutely aware that without the football team the stadium is at best a decent venue for gigs etc.

Stadium definitely needs the football club to turn a profit.

Unless anyone else can prove otherwise?


Sent from my iPhone using Tapatalk Pro
Click to expand...
I agree that SISU will be very awkward to do any deal with. However, I think the EFL will not allow the club to be moved again, which eliminates that tactic for SISU.
The only options then left for SISU is to sell any player they can to recoup money, then liquidate or sell what's left of the club.
 

Sky Blue Pete

Well-Known Member
  • Nov 8, 2022
  • #10,725
HuckerbyDublinWhelan said:
It would be - almost as funny as it will be watching SISU trying to dodge bidding for it then
Click to expand...
Maybe so
 

slowpoke

Well-Known Member
  • Nov 8, 2022
  • #10,726
IMissMAF said:
I bet the council tapped up Ashley and approached him to take on the ground.
Click to expand...
I think there are far more influential people discretely in the back ground with sharp knives.
 

slowpoke

Well-Known Member
  • Nov 8, 2022
  • #10,727
Colin Steins Smile said:
I agree that SISU will be very awkward to do any deal with. However, I think the EFL will not allow the club to be moved again, which eliminates that tactic for SISU.
The only options then left for SISU is to sell any player they can to recoup money, then liquidate or sell what's left of the club.
Click to expand...
But they can only sell players who agree to go.
 
D

Deleted member 5849

Guest
  • Nov 8, 2022
  • #10,728
Colin Steins Smile said:
I agree that SISU will be very awkward to do any deal with. However, I think the EFL will not allow the club to be moved again, which eliminates that tactic for SISU.
Click to expand...
It won;t be an issue for another eight years.
 

Colin Steins Smile

Well-Known Member
  • Nov 8, 2022
  • #10,729
slowpoke said:
But they can only sell players who agree to go.
Click to expand...
If they do a fire sale and under value the players, then the buying club could offer an enhanced salary playing for a club that's not distressed.....then what player would turn that down? That sounds just like the scenario with Hyam??
 
R

rexo87

Well-Known Member
  • Nov 8, 2022
  • #10,730
Gilbert also adamant Ashley and sisu have had no contact, which is probably correct if Sisu have made a play this week for the stadium

Sent from my SM-G991B using Tapatalk
 
Reactions: Sky Blue Pete
L

Lord_Nampil

Well-Known Member
  • Nov 8, 2022
  • #10,731
rexo87 said:
Gilbert also adamant Ashley and sisu have had no contact, which is probably correct if Sisu have made a play this week for the stadium

Sent from my SM-G991B using Tapatalk
Click to expand...

He said Yet in that tweet
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,732
MalcSB said:
Why are Ashley’s team supposedly physically at the stadium doing “due diligence”, given that the vast majority of such an exercise is paper based? The only reason I can think of is checking the condition of the stadium given the concerns about significant dilapidations to be remedied. Still not a done deal - “many a slip between cup and lip”.
Click to expand...

I would imagine getting his own estimate of repair costs
 
Reactions: Brylowes, MalcSB and CCFCSteve

Tommo1993

Well-Known Member
  • Nov 8, 2022
  • #10,733
Evo1883 said:
Is sisus ownership on life support now ?
Click to expand...

I thought it’s been like that for ages tbh.
 
Reactions: Evo1883 and shmmeee
B

Brighton Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,734
TomRad85 said:
In a roundabout way, if the club ends up with Ashley the council have done us a favour, inadvertently of course. Let us not overlook that these cunts have fully made an active effort to fuck the club AGAIN though. Fucking slimy pricks.

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

They think we would prefer SISU to own the ground and the club, instead of a multi billionaire?
 
Reactions: Brylowes

slowpoke

Well-Known Member
  • Nov 8, 2022
  • #10,735
Brighton Sky Blue said:
They think we would prefer SISU to own the ground and the club, instead of a multi billionaire?
Click to expand...
Who are they ?
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,736
slowpoke said:
Who are they ?
Click to expand...

The Council
 

Tommo1993

Well-Known Member
  • Nov 8, 2022
  • #10,737
Ashley supposed to be at the game tonight. This is according to SISU Frank
 

slowpoke

Well-Known Member
  • Nov 8, 2022
  • #10,738
Brighton Sky Blue said:
The Council
Click to expand...
I have doubts the council want sisu anywhere near the stadium.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 8, 2022
  • #10,739
slowpoke said:
I have doubts the council want sisu anywhere near the stadium.
Click to expand...

Crossed wires
 

letsallsingtogether

Well-Known Member
  • Nov 8, 2022
  • #10,740
Evo1883 said:
Is sisus ownership on life support now ?
Click to expand...
Probably close to being turned off!
 
Reactions: Evo1883

letsallsingtogether

Well-Known Member
  • Nov 8, 2022
  • #10,741
Tommo1993 said:
Ashley supposed to be at the game tonight. This is according to SISU Frank
Click to expand...
Who is sisu Frank?
 

shepardo01

Well-Known Member
  • Nov 8, 2022
  • #10,742
HuckerbyDublinWhelan said:
It appears they were blocked from bidding due to a standard period of exclusivity that’s in place when a preferred bidder is in place. clearly they haven’t got a fucking clue what they’re doing
Click to expand...
Or they didn't have a clue what CCC were doing behind their backs (again) while pretending to be all nicey nicey "helping" to get games on...
Stinks from CCC.... again...
 
Reactions: Sky Blue Pete and shmmeee

BackRoomRummermill

Well-Known Member
  • Nov 8, 2022
  • #10,743
letsallsingtogether said:
Who is sisu Frank?
Click to expand...
Works with Camp Freddie
 
Reactions: Terry Gibson's perm and ovduk78
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 8, 2022
  • #10,744
shepardo01 said:
Or they didn't have a clue what CCC were doing behind their backs (again) while pretending to be all nicey nicey "helping" to get games on...
Stinks from CCC.... again...
Click to expand...
We knew that NEC and Mike Ashley were interested, that should set alarm bells ringing. Didn’t NEC originally make a bid?

CCC May have been getting Ashley in, but ultimately it’s about getting the best deal for the creditors - SISU have played on the only show in town again and lost… again

I’m pissed at the council for 2014 still. But this one’s on SISU
 
Reactions: Otis and shmmeee
C

CCFCSteve

Well-Known Member
  • Nov 8, 2022
  • #10,745
Deleted member 5849 said:
At the end of the day, unless they're a major creditor, they'd have little to no say, surely?
Click to expand...

That’s my view. The administrators main obligation is to the company’s creditors. Don’t get me wrong if there were two offers exactly the same and Council said as freeholder ‘go for that one’ fair enough but I can’t see the Council overriding the administrators main duty which in this case is to achieve the best return to creditors

That’s not to say they aren’t fully in the loop as I mentioned, but unless they have additional powers in the lease and/or threatened to forfeit* I can’t see how they would’ve influenced the bidding process

*they also know how litigious SISU are so this would be crazy
 
Reactions: Astute, shmmeee and Deleted member 5849
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