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Wasps going into admin & the impact on CCFC (8 Viewers)

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

Deleted member 5849

Guest
  • Nov 9, 2022
  • #10,816
slowpoke said:
Who is this Byng bloke
Click to expand...
A joker who got expelled from the RICS under allegations of financial misconduct, and wanted to buy us around kickoff of all this way back when, but got undone by his lack of understanding of modern communications systems
 
Reactions: Brylowes, Skyblueweeman, Otis and 3 others

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,817
Deleted member 5849 said:
I'm still waiting for what CCC have dinner to shaft SISU apart from not shafting creditors and not handing a lease to them without question.

Allusion, inference, smoke and mirrors, but still nothing concrete apart from a predisposition to not like local authorities.
Click to expand...
Talking to Mike Ashley and not sisu / ccfc
 
D

Deleted member 5849

Guest
  • Nov 9, 2022
  • #10,818
Sky Blue Pete said:
Talking to Mike Ashley and not sisu / ccfc
Click to expand...
So they went to CCC for what, exactly? Saddlebrains was saying SISU were hiding their bid from CCC! And we're also waiting for admin.

If SISU aren't telling CCC anything and are keeping things from them, what do you expect CCC to do?
 
Reactions: Brylowes, Otis and thekidfromstrettoncamp

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,819
Deleted member 5849 said:
So they went to CCC for what, exactly? Saddlebrains was saying SISU were hiding their bid from CCC! And we're also waiting for admin.

If SISU aren't telling CCC anything and are keeping things from them, what do you expect CCC to do?
Click to expand...
I suppose bottom line I want them to do anything they can to ensure a successful ccfc
 

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,820
Deleted member 5849 said:
So they went to CCC for what, exactly? Saddlebrains was saying SISU were hiding their bid from CCC! And we're also waiting for admin.

If SISU aren't telling CCC anything and are keeping things from them, what do you expect CCC to do?
Click to expand...
They were talking about getting games on as boddy has explained in the programme notes then things went quiet. Anyway as many have said lots of moving parts, different people only get given tit bits of info to suit the person saying it’s agenda and as we stand acl are not in admin yet.
Seems madness to have separate owners of arena to the football club so we need parties to get deals done to support the job mr av and the players are doing
 
D

Deleted member 5849

Guest
  • Nov 9, 2022
  • #10,821
Sky Blue Pete said:
I suppose bottom line I want them to do anything they can to ensure a successful ccfc
Click to expand...
But you can interpret saddlebrains' post as SISU playing silly buggers again. I just don't see what CCC can do if they're not given a clue how they can help. They can't even help with buying ACL, that's down to offering an appropriate amount of money for it.

Charitably, they can help with linked projects... but if they're hidden from them, they can't!

It boils down to if they're willing or able to pay enough for ACL at the end of the day, and they haven't even shown their hand on that as they were waiting for administration before making a move... which may well not have been good enough anyway!
 
Reactions: duffer and shmmeee
D

Deleted member 5849

Guest
  • Nov 9, 2022
  • #10,822
Sky Blue Pete said:
different people only get given tit bits of info to suit the person saying it’s agenda
Click to expand...
Indeed.
 
Reactions: Brylowes, shmmeee, SkyBlueSam01 and 2 others
B

Brighton Sky Blue

Well-Known Member
  • Nov 9, 2022
  • #10,823
Sky Blue Pete said:
They were talking about getting games on as boddy has explained in the programme notes then things went quiet. Anyway as many have said lots of moving parts, different people only get given tit bits of info to suit the person saying it’s agenda and as we stand acl are not in admin yet.
Seems madness to have separate owners of arena to the football club so we need parties to get deals done to support the job mr av and the players are doing
Click to expand...

What is needed, if they haven’t already, is for Joy to start talking to Big Mike over a sale.
 
Reactions: Skyblueweeman, duffer, shmmeee and 1 other person
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 9, 2022
  • #10,824
Sky Blue Pete said:
Talking to Mike Ashley and not sisu / ccfc
Click to expand...
And who had the final decision? It wasn’t CCC.
 
Reactions: thekidfromstrettoncamp

oldskyblue58

CCFC Finance Director
  • Nov 9, 2022
  • #10,825
Helicopter landed close to stadium
 

AFCCOVENTRY

Well-Known Member
  • Nov 9, 2022
  • #10,826
oldskyblue58 said:
Helicopter landed close to stadium
Click to expand...

Viktor’s goal bonus
 
Reactions: Astute, Kubrick, Brylowes and 5 others

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,827
HuckerbyDublinWhelan said:
And who had the final decision? It wasn’t CCC.
Click to expand...
Who did? Does?
 

Grendel

Well-Known Member
  • Nov 9, 2022
  • #10,828
Sky Blue Pete said:
Who did? Does?
Click to expand...

The appointed administrator has to determine the best bid for the assets
 
Reactions: Brylowes, Colin Steins Smile and CCFCSteve
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 9, 2022
  • #10,829
That would be the administrator that has been appointed, you say they’re not in admin yet, that’s incorrect - they went in last Tuesday - after the bid was accepted.

and on top of that they don’t own it - worst outcome here is whoever owns ACL.

We’re still waiting to hear how CCC have screwed SISU here?
 

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,830
Grendel said:
The appointed administrator has to determine the best bid for the assets
Click to expand...
Who is it??
 

GaryMabbuttsLeftKnee

Well-Known Member
  • Nov 9, 2022
  • #10,831
Saddlebrains said:
This was one
Click to expand...
Throw enough shit and some of it will stick
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 9, 2022
  • #10,832
Sky Blue Pete said:
Who is it??
Click to expand...
FRP isn’t it?
 
Reactions: Deleted member 5849

Gynnsthetonic

Well-Known Member
  • Nov 9, 2022
  • #10,833
oldskyblue58 said:
Helicopter landed close to stadium
Click to expand...
Where OSB, just wondering where one can land and park up near there
 

skybluetony176

Well-Known Member
  • Nov 9, 2022
  • #10,834
Sky Blue Pete said:
I suppose bottom line I want them to do anything they can to ensure a successful ccfc
Click to expand...
If Ashley buying the CBS achieves a takeover of CCFC then in your scenario CCC would have achieved exactly what you expect of them.
 

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,835
skybluetony176 said:
If Ashley buying the CBS achieves a takeover of CCFC then in your scenario CCC would have achieved exactly what you expect of them.
Click to expand...
Potentially yep
 

Sky Blue Pete

Well-Known Member
  • Nov 9, 2022
  • #10,836
HuckerbyDublinWhelan said:
FRP isn’t it?
Click to expand...
FRP?
 

Grendel

Well-Known Member
  • Nov 9, 2022
  • #10,837
Sky Blue Pete said:
Who is it??
Click to expand...

FRP Advisory I assume
 
Reactions: Sky Blue Pete
B

Brighton Sky Blue

Well-Known Member
  • Nov 9, 2022
  • #10,838
Liquid Gold said:
Still think Ashley will be CCFC owner before long.
Click to expand...

Hopefully this doesn’t end the same way as Camp Krusty with you sat in the corner hugging a Sky Blue Sam doll muttering ‘Big Mike is coming’
 
Reactions: Brylowes, wingy, shmmeee and 2 others

Grendel

Well-Known Member
  • Nov 9, 2022
  • #10,839

Corporate restructuring - FRP Advisory

When a business experiences underperformance and uncertainty, we can offer a way forward. Learn about our broad range of corporate restructuring services.
www.frpadvisory.com
 
Reactions: Sky Blue Pete

Grendel

Well-Known Member
  • Nov 9, 2022
  • #10,840
Sky Blue Pete said:
I suppose bottom line I want them to do anything they can to ensure a successful ccfc
Click to expand...

Don’t sell to Sisu and whoever that clown Byng has dug up then
 
Reactions: Evo1883, Sky Blue Pete and Deleted member 5849

olderskyblue

Well-Known Member
  • Nov 9, 2022
  • #10,841
Deleted member 5849 said:
I'm still waiting for what CCC have dinner to shaft SISU apart from not shafting creditors and not handing a lease to them without question.

Allusion, inference, smoke and mirrors, but still nothing concrete apart from a predisposition to not like local authorities.
Click to expand...
Sausage & mash mate, a good working class dinner…
 
Reactions: Sky Blue Pete

rhino1002

Well-Known Member
  • Nov 9, 2022
  • #10,842
HuckerbyDublinWhelan said:
That would be the administrator that has been appointed, you say they’re not in admin yet, that’s incorrect - they went in last Tuesday - after the bid was accepted.

and on top of that they don’t own it - worst outcome here is whoever owns ACL.

We’re still waiting to hear how CCC have screwed SISU here?
Click to expand...
Can you tell who the administrator is then if he has been appointed
 

Liquid Gold

Well-Known Member
  • Nov 9, 2022
  • #10,843
Brighton Sky Blue said:
Hopefully this doesn’t end the same way as Camp Krusty with you sat in the corner hugging a Sky Blue Sam doll muttering ‘Big Mike is coming’
Click to expand...
So what you're saying is if we all go proper feral he will actually end up coming?
 
Reactions: Brighton Sky Blue and Sky Blue Pete

Saddlebrains

Well-Known Member
  • Nov 9, 2022
  • #10,844
GaryMabbuttsLeftKnee said:
Throw enough shit and some of it will stick
Click to expand...



 

edgy

Well-Known Member
  • Nov 9, 2022
  • #10,845
Sky Blue Pete said:
Who is it??
Click to expand...
 
Reactions: Brylowes, skybluepm2, Brighton Sky Blue and 2 others
R

robbiethemole

Well-Known Member
  • Nov 9, 2022
  • #10,846
edgy said:
View attachment 27141
Click to expand...
Noooooooooooooo!!
Not that fucker again, you’d never get tired of punching that smug fucking face.
 
Reactions: Brylowes and Sky Blue Pete
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 9, 2022
  • #10,847
rhino1002 said:
Can you tell who the administrator is then if he has been appointed
Click to expand...
Think it’s FRP advisory. The hearing on the 17th November is to bring them out of admin
 
C

CCFCSteve

Well-Known Member
  • Nov 9, 2022
  • #10,848
Deleted member 5849 said:
Click to expand...


Agree with your comments about Byng/CCC. From his comments Byng appears to be suggesting the council forfeit the lease even though this was an asset that Wasps creditors (bondholders) had security over…for the councils own benefit ?!

I don’t know the legalities of being able to do this with this long lease, however, I’d imagine it would be challenged by an administrator/secured creditors in court

He’s right about the issues with dilapidations and the ideal being issuing a new lease etc, however, if CCC forfeited the current long lease I guess the dilapidations would become the councils obligation/issue unless they could subsequently pass them onto a new owner via a new lease. What happens if everyone suddenly told them to ‘piss off’ ?! I presume the current situation is for the new owner (Ashley ?) to pick up current long lease which minimises CCC involvement/risk of dilapidation costs and further endless legal wrangles.

Who knows though, you wonder if the preferred bidder might still want CCC to pick up some structural repairs or want to amend the existing lease ?! This is for them to sort out and is probably why CCC are actively involved rather than some anti SISU/CCFC masterplan.

Ps as you’ve indicated the stadium ceased to be a ‘public asset’ when the council sold it/long lease to Wasps so fuck knows what he’s banging on about there
 
Reactions: Astute, Brylowes, wingy and 4 others

oldskyblue58

CCFC Finance Director
  • Nov 9, 2022
  • #10,849
Gynnsthetonic said:
Where OSB, just wondering where one can land and park up near there
Click to expand...
Car park C
 

Gynnsthetonic

Well-Known Member
  • Nov 9, 2022
  • #10,850
oldskyblue58 said:
Car park C
Click to expand...
Oh right, Ashley's own helicopter parking space, hope he liked what he saw
 
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