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Wasps going into admin & the impact on CCFC (15 Viewers)

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

Well-Known Member
  • Nov 10, 2022
  • #11,306
skybluetony176 said:
Yeah I’m a Smartie pants.
Click to expand...
OK OK no need to revel in it
 
Reactions: skybluetony176
R

rexo87

Well-Known Member
  • Nov 10, 2022
  • #11,307
Wonder when Dawkins is 'changing the protocol' then

Sent from my SM-G991B using Tapatalk
 

SkyBlueCharlie9

Well-Known Member
  • Nov 10, 2022
  • #11,308
What Galaxy are you in guys!
 
Reactions: skybluetony176

Bernie Rhodes Nose

Well-Known Member
  • Nov 10, 2022
  • #11,309
SkyBlueCharlie9 said:
What Galaxy are you in guys!
Click to expand...
I'll let you know After Eight
 
Reactions: Otis, Gynnsthetonic and skybluetony176
Q

quinn1971

Well-Known Member
  • Nov 10, 2022
  • #11,310
Bernie Rhodes Nose said:
I'll let you know After Eight
Click to expand...
i eat one at 7-59 once, got a right bollocking
 
Reactions: Bernie Rhodes Nose, Gynnsthetonic and Kingokings204

Sbarcher

Well-Known Member
  • Nov 10, 2022
  • #11,311
What’s happening to this thread?
Over 6 hours of silence. Come on,get speculating.
 

JAM See

Well-Known Member
  • Nov 10, 2022
  • #11,312
Mcbean said:
basically free cash View attachment 27170
Click to expand...
That's one Christmas present sorted. Cheers.
 

Astute

Well-Known Member
  • Nov 11, 2022
  • #11,313
fatso said:
When they took over we were a team very much on the slide, we are now very much on the up.
Yes its taken far too long, and it looks like they've taken us as far as they can, but now we have a party (or parties) interested in taking over, which wasn't the case when we were facing liquidation!

I love you SISU ❤
Click to expand...
Have added the last few words you forgot
 
Reactions: robbiethemole, shmmeee and Sky Blue Pete

Skyblueweeman

Well-Known Member
  • Nov 11, 2022
  • #11,314

Wasps no longer able to compete in Netball Super League following administration

Wasps Netball will no longer compete in the Netball Super League after the club's holding company entered administration.
www.bbc.co.uk

The Netball team have now been kicked out of the Netball Super League.
 

The Philosopher

Well-Known Member
  • Nov 11, 2022
  • #11,315
Skyblueweeman said:

Wasps no longer able to compete in Netball Super League following administration

Wasps Netball will no longer compete in the Netball Super League after the club's holding company entered administration.
www.bbc.co.uk

The Netball team have now been kicked out of the Netball Super League.
Click to expand...
Started to feel a bit sorry for the players and netball fans who probably live in Cov and have lost their level of sport.

Not their fault.

The P share or golden share or whatever for the netball surely could have been sorted for not a lot.

Joy / Mike - you’ve dropped the ball there (pun slightly intended).
 

Gynnsthetonic

Well-Known Member
  • Nov 11, 2022
  • #11,316
The Philosopher said:
Started to feel a bit sorry for the players and netball fans who probably live in Cov and have lost their level of sport.

Not their fault.

The P share or golden share or whatever for the netball surely could have been sorted for not a lot.

Joy / Mike - you’ve dropped the ball there (pun slightly intended).
Click to expand...
I don't feel sorry for them, the players can play elsewhere. Another shit franchise bought into the city. If people want to watch netball go and support your local club
 
Reactions: BackRoomRummermill, dadgad, SomersetSB and 5 others

skybluetony176

Well-Known Member
  • Nov 11, 2022
  • #11,317
Gynnsthetonic said:
I don't feel sorry for them, the players can play elsewhere. Another shit franchise bought into the city. If people want to watch netball go and support your local club
Click to expand...
Didn’t someone get booted out of the league to make way for Wasps?
 

Gynnsthetonic

Well-Known Member
  • Nov 11, 2022
  • #11,318
skybluetony176 said:
Didn’t someone get booted out of the league to make way for Wasps?
Click to expand...
Probably, wouldn't surprise me
 

Sick Boy

Super Moderator
  • Nov 11, 2022
  • #11,319
Gynnsthetonic said:
I don't feel sorry for them, the players can play elsewhere. Another shit franchise bought into the city. If people want to watch netball go and support your local club
Click to expand...
The whole franchise saw us as direct competition and tried to profit from our misfortune - fuck them and anyone who got involved with them.
 
Reactions: dadgad, SomersetSB, torchomatic and 5 others

chiefdave

Well-Known Member
  • Nov 11, 2022
  • #11,320
skybluetony176 said:
Didn’t someone get booted out of the league to make way for Wasps?
Click to expand...
the league was expanded from 8 to 10 teams. if I recall correctly Wasps were late to the party but still got a place alongside the expected two new franchises which meant one of the existing teams lost their place.

Yorkshire Jets to shut down in September after loss of Netball Superleague franchise

Yorkshire Jets have announced that they are to be wound up as a result of England Netball’s decision not to award a Superleague franchise to the region.
www.skysports.com
 
Reactions: dadgad

slowpoke

Well-Known Member
  • Nov 11, 2022
  • #11,321
The Philosopher said:
Started to feel a bit sorry for the players and netball fans who probably live in Cov and have lost their level of sport.

Not their fault.

The P share or golden share or whatever for the netball surely could have been sorted for not a lot.

Joy / Mike - you’ve dropped the ball there (pun slightly intended).
Click to expand...
When/if Mike Ashley gets the CBS I think in time it will be a multi-sports set-up, there’s plenty of scope.
 

SHUNT31

Well-Known Member
  • Nov 11, 2022
  • #11,322
Can anyone remove the paywall on this?

There’s an interesting line on the Twitter thread about the council providing funding to Wasps but cannot see it.

 

SHUNT31

Well-Known Member
  • Nov 11, 2022
  • #11,323
As in the article. Someone has managed to put it on Twitter.



Yet again, the council willing to bend over backwards for the parasites.
 
Reactions: Skyblueweeman, ccfcchris, djr8369 and 6 others

Danceswithhorses

Well-Known Member
  • Nov 11, 2022
  • #11,324
Try using this to remove paywalls
12ft
 
Reactions: ccfcchris, torchomatic, mark82 and 2 others
R

robbiethemole

Well-Known Member
  • Nov 11, 2022
  • #11,325
Using taxpayers money to support a private enterprise, CCC??? Surely they never would
 

fatso

Well-Known Member
  • Nov 11, 2022
  • #11,326
Astute said:
Have added the last few words you forgot
Click to expand...
Dickhead
 
R

rexo87

Well-Known Member
  • Nov 11, 2022
  • #11,327
i'd say unbelievable, but its not
 
Reactions: Skyblueweeman and hill83

Nick

Administrator
  • Nov 11, 2022
  • #11,328
Reeves involved again? I don't believe you.

Who are hottinger?
 
Reactions: TomRad85 and Sick Boy

SHUNT31

Well-Known Member
  • Nov 11, 2022
  • #11,329
Certainly goes against what Duggins was saying in the council meeting. Lying prick.
 
Reactions: Skyblueweeman, Kieranp96, olderskyblue and 1 other person

SHUNT31

Well-Known Member
  • Nov 11, 2022
  • #11,330
Nick said:
Reeves involved again? I don't believe you.

Who are hottinger?
Click to expand...

According to the article, a wealth management company with links to Wasps and Richardson. Kind of ironic really.
 

Nick

Administrator
  • Nov 11, 2022
  • #11,331
Why would Richardson turn it down? Unless of course he had other plans?
 
Reactions: robbiethemole

Danceswithhorses

Well-Known Member
  • Nov 11, 2022
  • #11,332
Nick said:
Why would Richardson turn it down? Unless of course he had other plans?
Click to expand...
...or he's finally realised what a terrible idea it was, and the project was way beyond his wealth and skill set ?
 

Nick

Administrator
  • Nov 11, 2022
  • #11,333


So Reeves is directly quoted saying this. Almost like he's part of Wasps.

"We would have gone to the Council".
 
Reactions: Skyblueweeman, Kieranp96, robbiethemole and 3 others

Calista

Well-Known Member
  • Nov 11, 2022
  • #11,334
As Wasps financial problems became increasingly acute, Hottinger started conversations with Martin Reeves, the chief executive at Coventry City Council about mounting a joint rescue package. Both sides were aware that while they wanted to keep Wasps alive and to continue to have Premiershipship rugby being played at the Coventry Arena, there was a bigger picture here because an investment which involved the Arena could prove exceedingly fruitful as the land around the venue remains ripe for development. Hottinger had already, once, been involved in proposals for a hospital on the site.

By September, Wasps’ debt had grown to £112 million. The Hottinger lifeboat would not have made the club solvent, however, it would have paid off the most urgent debts and allowed the club to continue operating while finding other investors who might have been attracted to the development possibilities of the Arena site.

The Times has seen the executive summary of the bid, a three-page document which offers an “exclusive opportunity” and declares that “the refinance would satisfy outstanding debts to all government or quasi government agencies, refinance the existing public bond issuance and provide capital to begin development of the real estate opportunities”.
 

Calista

Well-Known Member
  • Nov 11, 2022
  • #11,335
Calista said:
As Wasps financial problems became increasingly acute, Hottinger started conversations with Martin Reeves, the chief executive at Coventry City Council about mounting a joint rescue package. Both sides were aware that while they wanted to keep Wasps alive and to continue to have Premiershipship rugby being played at the Coventry Arena, there was a bigger picture here because an investment which involved the Arena could prove exceedingly fruitful as the land around the venue remains ripe for development. Hottinger had already, once, been involved in proposals for a hospital on the site.

By September, Wasps’ debt had grown to £112 million. The Hottinger lifeboat would not have made the club solvent, however, it would have paid off the most urgent debts and allowed the club to continue operating while finding other investors who might have been attracted to the development possibilities of the Arena site.

The Times has seen the executive summary of the bid, a three-page document which offers an “exclusive opportunity” and declares that “the refinance would satisfy outstanding debts to all government or quasi government agencies, refinance the existing public bond issuance and provide capital to begin development of the real estate opportunities”.
Click to expand...
A hospital?!
Didn't Fisher once say that the real value was not in the Arena, but in the development potential of the associated land?
 

Nick

Administrator
  • Nov 11, 2022
  • #11,336
Calista said:
A hospital?!
Didn't Fisher once say that the real value was not in the Arena, but in the development potential of the associated land?
Click to expand...

Where could a hospital be built by the arena? Unless of course it means instead of it.
 

Samo

Well-Known Member
  • Nov 11, 2022
  • #11,337
They really are scum
 
Reactions: Skyblueweeman, SomersetSB, GaryMabbuttsLeftKnee and 5 others

Nick

Administrator
  • Nov 11, 2022
  • #11,338
Looks like Gilbert was right about meetings about funding to bail out Wasps.
Looks like Reeves / The Council are / were heavily involved in trying to save face with Wasps.

Not such a made up conspiracy after all @shmmeee
 
Reactions: Skyblueweeman, SkyBlueZack, ccfcchris and 20 others

Calista

Well-Known Member
  • Nov 11, 2022
  • #11,339
Nick said:
Where could a hospital be built by the arena? Unless of course it means instead of it.
Click to expand...
Just thought, maybe they are talking about long ago, before the stadium was even built?
 

Saddlebrains

Well-Known Member
  • Nov 11, 2022
  • #11,340
Yet theres still some on here who refute things when i say ACL is just a front for the council.

They're still pulling the strings
 
Reactions: dadgad and shepardo01
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