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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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djr8369

Well-Known Member
  • Nov 12, 2022
  • #11,656
Paxman II said:
If SISU miss the golden opportunity to get from under their nightmare and come out clean they would be incompetent to say the least. Selling assets like Gyokeres in January may look good short term but should relegation then follow, SISU are back in the wilderness again with a continuing nightmare for them. The price on Gyokere's head and a couple of other stars at the club, gives SISU some negotiating power, but not much. Probably enough to get their full investments back. Joy would take that.
Click to expand...
Yes but I think they’ll then flog the club to MA cheap after Jan. They will get more in total selling off in bits, with inflated Jam transfer window prices, than they would selling as a whole to Ashley.
 

The Philosopher

Well-Known Member
  • Nov 12, 2022
  • #11,657
To be fair to SISU they have at least had the good sense to send Robins and the players away to Spain whilst all this might go on.

Ok, not huge expense but at least some.
 
Reactions: dadgad

The Philosopher

Well-Known Member
  • Nov 12, 2022
  • #11,658
djr8369 said:
Yes but I think they’ll then flog the club to MA cheap after Jan. They will get more in total selling off in bits, with inflated Jam transfer window prices, than they would selling as a whole to Ashley.
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I think that Robins saying “priceless” and Fadz £30m Gyok is telling.

What will SISU claim squad value is (I repeat what will SISU claim - not what we think it is?)

£50m?

You know what I think SISU want for the club.
 

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,659
djr8369 said:
Yes but I think they’ll then flog the club to MA cheap after Jan. They will get more in total selling off in bits, with inflated Jam transfer window prices, than they would selling as a whole to Ashley.
Click to expand...

No. In business that's not how things unfold. Mike Ashley is far too wise a cookie for that. He would say now or not at all. Imagine if SISU upset him and he puts the rent up so high in the coming years that SISU would be the ones being leveraged just like they tried to do to WASP a few years back?! beleive me, SISU will want to negotiate a way out now.
 
Reactions: SkyBlueCharlie9

shmmeee

Well-Known Member
  • Nov 12, 2022
  • #11,660
Can people stop suggesting Ashley is going to put the rent up? He can’t for another eight years.

I don’t think he wants the club either TBH, there’s been no suggestion of it other than from us fans.
 
Reactions: AOM, Skyblueweeman, Sick Boy and 2 others

Greggs

Well-Known Member
  • Nov 12, 2022
  • #11,661
Paxman II said:
No. In business that's not how things unfold. Mike ashley is far to wise a cookie for that. He would say now or not at all. Imagine if SISU upset him and he puts the rent up so high in the coming years that SISU would be the ones being leveraged just like they tried to do to WASP a few years back?! beleive me, SISU will want to negotiate a way out now.
Click to expand...
hard to believe someone that can't spell it
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 12, 2022
  • #11,662
shmmeee said:
Can people stop suggesting Ashley is going to put the rent up? He can’t for another eight years.

I don’t think he wants the club either TBH, there’s been no suggestion of it other than from us fans.
Click to expand...

If he doesn’t after the lengths he went to to try and get Derby I’d be surprised and disappointed in equal measure.
 
Reactions: Skyblueweeman and Sky Blue Pete

shmmeee

Well-Known Member
  • Nov 12, 2022
  • #11,663
Brighton Sky Blue said:
If he doesn’t after the lengths he went to to try and get Derby I’d be surprised and disappointed in equal measure.
Click to expand...

Just think he’d have at least spoken to someone about it. We’re all hanging on a Mail article saying he “could” go after us but that’s it. It’s all supposition.
 
Reactions: Sick Boy

Danceswithhorses

Well-Known Member
  • Nov 12, 2022
  • #11,664
Tim Fisher was once quoted as saying that SISU would only sell on a high...well SISU....this is as high as you'll ever take us, so time to make good on your promise and fuck off.
 
Reactions: Skyblueweeman, skybluepm2, SkyBlueSam01 and 6 others

tisza

Well-Known Member
  • Nov 12, 2022
  • #11,665
Danceswithhorses said:
Except they won't give us a penny in January, so our small squad's results, will probably fade away with injuries for the 2nd year in succession
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true but their mantra is "more in hope than expectation"
 

SHUNT31

Well-Known Member
  • Nov 12, 2022
  • #11,666
The Philosopher said:
I think that Robins saying “priceless” and Fadz £30m Gyok is telling.

What will SISU claim squad value is (I repeat what will SISU claim - not what we think it is?)

£50m?

You know what I think SISU want for the club.
Click to expand...

When did Fadz say this?
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 12, 2022
  • #11,667
shmmeee said:
Just think he’d have at least spoken to someone about it. We’re all hanging on a Mail article saying he “could” go after us but that’s it. It’s all supposition.
Click to expand...

He hasn’t officially said that he’s going in for the stadium either. I agree with you all we have are optimistic fans hoping for him to do it but there’s a lot of good reasons why he’d be interested.
 
Reactions: duffer and Sky Blue Pete

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,668
shmmeee said:
Can people stop suggesting Ashley is going to put the rent up? He can’t for another eight years.

I don’t think he wants the club either TBH, there’s been no suggestion of it other than from us fans.
Click to expand...

Shmmeee don't be so naive.
 

shmmeee

Well-Known Member
  • Nov 12, 2022
  • #11,669
SHUNT31 said:
When did Fadz say this?
Click to expand...

Post match on CWR
 

shepardo01

Well-Known Member
  • Nov 12, 2022
  • #11,670
shmmeee said:
Can people stop suggesting Ashley is going to put the rent up? He can’t for another eight years.

I don’t think he wants the club either TBH, there’s been no suggestion of it other than from us fans.
Click to expand...
He can.... there is a big "unless" though.
That unless is unless the council, as freeholders write into the contract of sale that they should keep the current terms of the rent, which i was told, when I was told this last night, is "a pittance".
The council have the power to do this apparently, but don't have to!
Much to most peoples disgust, the council, as freeholders also get to authorise any deal.
 

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,671
The council have little control over anything other than assigning the lease.
 
Reactions: Sick Boy and Gibbo

shepardo01

Well-Known Member
  • Nov 12, 2022
  • #11,672
Paxman II said:
The council have little control over anything other than assigning the lease.
Click to expand...
Apparently not...
 
Reactions: Skyblueweeman and covcity4life

chiefdave

Well-Known Member
  • Nov 12, 2022
  • #11,673
shmmeee said:
Can people stop suggesting Ashley is going to put the rent up? He can’t for another eight years.
Click to expand...
Would it be unusual for a 10 year lease to have a means of increasing the rent or are we expecting to be paying the same in year 10 that we did in year 1, that's an unknown for me.

In any case we know from past expensive there's ways for the landlord to make things awkward and more expensive if they wish.

Back to the days of having to pay for hospitality on the basis that every game is sold out, or hospitality being unavailable, or ACL insisting on managing the stewards and hiking the price up, booking events on match days so we get bumped to Friday nights.

Lots of ways to give the club a financial hit that isn't hiking the rent up.
 
Reactions: shepardo01

shmmeee

Well-Known Member
  • Nov 12, 2022
  • #11,674
shepardo01 said:
He can.... there is a big "unless" though.
That unless is unless the council, as freeholders write into the contract of sale that they should keep the current terms of the rent, which i was told, when I was told this last night, is "a pittance".
The council have the power to do this apparently, but don't have to!
Much to most peoples disgust, the council, as freeholders also get to authorise any deal.
Click to expand...

If he buys the lease the terms remain.
 
Reactions: duffer

shmmeee

Well-Known Member
  • Nov 12, 2022
  • #11,675
chiefdave said:
Would it be unusual for a 10 year lease to have a means of increasing the rent or are we expecting to be paying the same in year 10 that we did in year 1, that's an unknown for me.

In any case we know from past expensive there's ways for the landlord to make things awkward and more expensive if they wish.

Back to the days of having to pay for hospitality on the basis that every game is sold out, or hospitality being unavailable, or ACL insisting on managing the stewards and hiking the price up, booking events on match days so we get bumped to Friday nights.

Lots of ways to give the club a financial hit that isn't hiking the rent up.
Click to expand...

It might have inflation built in. Why would he even try that? None of it makes sense TBH. He wants the stadium the same reason everyone else does: to develop around it. Squeezing a few quid out of a football club isn’t worth shit.
 

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,676
shepardo01 said:
Apparently not...
Click to expand...
Again naive to think this. imagine if you owned the stadium - it was your business and an outsider had control of what rent you should charge a tenant in your stadium?
Even if true, (which I highly doubt) Ashley would have that removed.
 

shepardo01

Well-Known Member
  • Nov 12, 2022
  • #11,677
shmmeee said:
If he buys the lease the terms remain.
Click to expand...
Only if CCC write it into the sale...
 
Reactions: Paxman II

shepardo01

Well-Known Member
  • Nov 12, 2022
  • #11,678
Paxman II said:
Again naive to think this. imagine if you owned the stadium - it was your business and an outsider had control of what rent you should charge a tenant in your stadium?
Even if true, (which I highly doubt) Ashley would have that removed.
Click to expand...
You would think that wouldn't you. But this is a tangled Web of ownership. Aa has been proved by who is dealing with all of the interested parties. (Or not dealing with them....)
 

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,679
shepardo01 said:
Only if CCC write it into the sale...
Click to expand...

Which will not happen.
 

shepardo01

Well-Known Member
  • Nov 12, 2022
  • #11,680
Paxman II said:
Which will not happen.
Click to expand...
They have a choice... let's see how it goes!!
 

SHUNT31

Well-Known Member
  • Nov 12, 2022
  • #11,681
shepardo01 said:
Only if CCC write it into the sale...
Click to expand...

The lease is being transferred though, no?

I was under the impression that all sub-leases are protected?
 
Reactions: slyblue57 and mark82

chiefdave

Well-Known Member
  • Nov 12, 2022
  • #11,682
shmmeee said:
It might have inflation built in. Why would he even try that? None of it makes sense TBH. He wants the stadium the same reason everyone else does: to develop around it. Squeezing a few quid out of a football club isn’t worth shit.
Click to expand...
There's a lot of things that don't make sense hence my reluctance to make definite statements on Ashley's interest or motives.

We've gone from people wanting the NEC nowhere near it because an owner that wasn't interested in the football club would be a disaster to Ashley being a landlord we'd have no issues with. There's too many unknowns imo to be making statements like that.

If, and at the moment its a huge if, Ashley does at some point want the club and SISU don't want to sell, at least at a price he deems acceptable, who knows what will happen.
 
Reactions: shepardo01

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,683
SHUNT31 said:
The lease is being transferred though, no?

I was under the impression that all sub-leases are protected?
Click to expand...

That doesn't mean the rent.
 
Reactions: shepardo01
W

wingy

Well-Known Member
  • Nov 12, 2022
  • #11,684
shmmeee said:
Can people stop suggesting Ashley is going to put the rent up? He can’t for another eight years.

I don’t think he wants the club either TBH, there’s been no suggestion of it other than from us fans.
Click to expand...
Do we know who's money he was using for the Derby bid,?
I just wonder. if that was personal money as against the Fraser's umbrella this time
I mean the actual Club element would fit quite strangely on the Fraser's asset portfolio.
 

shmmeee

Well-Known Member
  • Nov 12, 2022
  • #11,685
chiefdave said:
There's a lot of things that don't make sense hence my reluctance to make definite statements on Ashley's interest or motives.

We've gone from people wanting the NEC nowhere near it because an owner that wasn't interested in the football club would be a disaster to Ashley being a landlord we'd have no issues with. There's too many unknowns imo to be making statements like that.

If, and at the moment its a huge if, Ashley does at some point want the club and SISU don't want to sell, at least at a price he deems acceptable, who knows what will happen.
Click to expand...

I think we have a habit of seeing everything through the lens of CCFC and forget other things exist.
 
Reactions: SBT

Alkhen

Well-Known Member
  • Nov 12, 2022
  • #11,686
Probably just me buzzing off our recent run but If any potential investors or even our current owners can't see how close we are to being a top team in this division now, they never will.

Would take money to strengthen the squad and nerve not to cash in on the big 4 in January but we are in excellent shape.
 

Paxman II

Well-Known Member
  • Nov 12, 2022
  • #11,687
chiefdave said:
There's a lot of things that don't make sense hence my reluctance to make definite statements on Ashley's interest or motives.

We've gone from people wanting the NEC nowhere near it because an owner that wasn't interested in the football club would be a disaster to Ashley being a landlord we'd have no issues with. There's too many unknowns imo to be making statements like that.

If, and at the moment its a huge if, Ashley does at some point want the club and SISU don't want to sell, at least at a price he deems acceptable, who knows what will happen.
Click to expand...

Yes Iagree. It is all speculation at this point, but clairty of how things could go is important to understand. I'm just saying how I would see it. I've bought and sold half a dozen businesses in my time (freehold and leasehold) so feel qualified to make my comments. It will be very interesting to watch Ashley's team work on this and what he will do exactly.
 
S

sotvtoday

Well-Known Member
  • Nov 12, 2022
  • #11,688
CCFC54321 said:
I feel like one battle was won in removing wasps and another one has started with the removal of the city council next.
Click to expand...
Well that's easy. All you have to do is get enough people to agree and vote the bastards out
 
Reactions: CCFC54321

stupot07

Well-Known Member
  • Nov 12, 2022
  • #11,689
Looks like the council were indeed trying to bail out Wasps.



Sent from my SM-G965F using Tapatalk
 

MalcSB

Well-Known Member
  • Nov 12, 2022
  • #11,690
jordan210 said:
Looks like the bond holders are fired up and will have legal representatives at the Admin case on Thursday
Click to expand...
It’s a very small percentage of bondholders.
 
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