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Wasps going into admin & the impact on CCFC (10 Viewers)

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

Administrator
  • Nov 14, 2022
  • #11,761
 
Reactions: Gynnsthetonic

Gynnsthetonic

Well-Known Member
  • Nov 14, 2022
  • #11,762
slowpoke said:
Constant boring talk going on and on about Reeves this, Duggins that Jesus !! Bottom line.
Do you want “big” Mike to be successful in acquiring the stadium ?
Click to expand...
Let's wait until Thursday
 

Nick

Administrator
  • Nov 14, 2022
  • #11,763
slowpoke said:
Do you want “big” Mike to be successful in acquiring the stadium ?
Click to expand...

It's impossible to say as we know absolutely nothing about it, the deal, what's involved etc.

It's like you don't want people discussing the council shadiness by saying "who cares" to everything.
 
Last edited: Nov 14, 2022

jordan210

Well-Known Member
  • Nov 14, 2022
  • #11,764
Someone on the bond forum saying the offer is 15.8 million. 45p in the pound for bond holders.

Not sure that would be correct as other creditors will want their share.

Not sure if that’s Ashley’s offer or something unrelated
 
Reactions: Sky Blue Pete

Nick

Administrator
  • Nov 14, 2022
  • #11,765
jordan210 said:
Someone on the bond forum saying the offer is 15.8 million. 45p in the pound for bond holders.

Not sure that would be correct as other creditors will want their share.

Not sure if that’s Ashley’s offer or something unrelated
Click to expand...

Offer to the bondholders or to buy ACL?
 

slowpoke

Well-Known Member
  • Nov 14, 2022
  • #11,766
Nick said:
It's impossible to say as we know absolutely nothing about it, the deal, what's involved etc.
Click to expand...
Yes or no, no time to sit on the fence mate.
 

Nick

Administrator
  • Nov 14, 2022
  • #11,767
slowpoke said:
Yes or no, no time to sit on the fence mate.
Click to expand...

Pretty sure the decision isn't down to me and if it was I'd be given more information.

Do you work for the council decision making department by any chance?

We know absolutely fuck all about the deal as it stands and what it means for the stadium and CCFC. We do know their council have their beaks involved which takes away confidence in how good it is going to be for the club.
 
Reactions: Sky Blue Dal, robbiethemole and clint van damme

jordan210

Well-Known Member
  • Nov 14, 2022
  • #11,768
Nick said:
Offer to the bondholders or to buy ACL?
Click to expand...

Doesn’t say. Can’t see it being an offer for just bond holders. No one else has mentioned it yet. So guess we will wait and see
 

Nick

Administrator
  • Nov 14, 2022
  • #11,769
jordan210 said:
Doesn’t say. Can’t see it being an offer for just bond holders. No one else has mentioned it yet. So guess we will wait and see
Click to expand...

Just didn't know if it was the offer the bondholders were getting or one that's to the administrator to share out to everybody who is owed....
 

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #11,770
Wonder where that figures from.
The conflict of interest stuff is a red herring in that I’d expect people to have mutual interests in his role and actually it’s really useful when people understand different perspectives of complex deals

However it should be transparent and declared so that people can make their own minds up.

If there’s nothing to see then just say yes of course i discussed what was going to happen with Derek Richardson and other interested parties. The thing is we know it’s not all above board because he’s not spoken to joy or vice versa for a decade and is buddies with other parties
 

slowpoke

Well-Known Member
  • Nov 14, 2022
  • #11,771
Was one of the other interested parties Mike Ashley ?
 

Nick

Administrator
  • Nov 14, 2022
  • #11,772
Sky Blue Pete said:
The conflict of interest stuff is a red herring in that I’d expect people to have mutual interests in his role and actually it’s really useful when people understand different perspectives of complex deals
Click to expand...

It's not really a red herring because he has been involved personally with all of the shit that has happened with the stadium since 2010.
 

hill83

Well-Known Member
  • Nov 14, 2022
  • #11,773
Nick said:
Click to expand...

Slowpoke isn’t interested m8
 
Reactions: ccfcchris, olderskyblue, robbiethemole and 7 others

The Philosopher

Well-Known Member
  • Nov 14, 2022
  • #11,774
hill83 said:
Slowpoke isn’t interested m8
Click to expand...
Genuinely funny.
 

skybluetony176

Well-Known Member
  • Nov 14, 2022
  • #11,775
slowpoke said:
Court case is the 17th, don’t know when the out come will be known
Click to expand...
So it will be Thursday 17th then, maybe as late as Friday. But definitely not Wednesday 16th.
 
Reactions: Calista, Gynnsthetonic and Samo

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,776
shmmeee said:
Just a repeated of his tweets basically. Council say council didn’t consider it, Reeves did. CWR find it ridiculous Reeves could do it without Duggins knowledge. They’ve asked Reeves for an interview.
Click to expand...

I am not one to stick up for the council but realistically how could a CEO carry out his role effectively if he needed prior permission from the leader of the council in relation to any conversation? I think Gilbert is being a bit obtuse on this.
 
Reactions: Deleted member 5849 and shmmeee

better days

Well-Known Member
  • Nov 14, 2022
  • #11,777
Nick said:
Click to expand...
Cat properly among the pigeons at CCC now
 
Reactions: SkyBlueSam01 and Sky Blue Pete

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,778
jordan210 said:
Someone on the bond forum saying the offer is 15.8 million. 45p in the pound for bond holders.

Not sure that would be correct as other creditors will want their share.

Not sure if that’s Ashley’s offer or something unrelated
Click to expand...

The trustees take primacy over all other creditors so it could be right.
 

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #11,779
Nick said:
It's not really a red herring because he has been involved personally with all of the shit that has happened with the stadium since 2010.
Click to expand...
The red herring is that people don’t have conflicts of interests. They do. And often that makes for better decisions. Maybe I don’t mean red herring I mean it’s not the silver bullet with which to hang him on
It’s where he’s used the conflicts to preference certain organisations at the expense of others
Especially when he and ccc are saying no detriment to ccfc and crfc and that any process and is fair and consistent

Does that make sense?

Thats not even getting on to why wouldn’t the council want to support a successful football club with investment and support. We know why of course
 

slowpoke

Well-Known Member
  • Nov 14, 2022
  • #11,780
fernandopartridge said:
The trustees take primacy over all other creditors so it could be right.
Click to expand...
Including HMRC ?
 

The Philosopher

Well-Known Member
  • Nov 14, 2022
  • #11,781
slowpoke said:
Including HMRC ?
Click to expand...
Normally if it’s a secured asset, but this case seems to be defying normalcy.
 

tisza

Well-Known Member
  • Nov 14, 2022
  • #11,782
jordan210 said:
Doesn’t say. Can’t see it being an offer for just bond holders. No one else has mentioned it yet. So guess we will wait and see
Click to expand...
HMRC should be paid in full then the rest shared out. Pisses me off that taxpayers ultimately end up paying the price in these administrations where HMRC are owed money. And how the hell the football creditors rule bs is allowed to carry on is another grievance as well.
 
Reactions: Sky Blue Dal, jordan210, RegTheDonk and 3 others
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 14, 2022
  • #11,783
Even @Grendel mate the alleged Chris west is calling for resignations.
 
Reactions: Gynnsthetonic

The Philosopher

Well-Known Member
  • Nov 14, 2022
  • #11,784
tisza said:
HMRC should be paid in full then the rest shared out. Pisses me off that taxpayers ultimately end up paying the price in these administrations where HMRC are owed money. And how the hell the football creditors rule bs is allowed to carry on is another grievance as well.
Click to expand...
And the Council even thinking about £30m more of taxpayer money to cover Wasp failure. Scandalous.
 

Nick

Administrator
  • Nov 14, 2022
  • #11,785
HuckerbyDublinWhelan said:
Even @Grendel mate the alleged Chris west is calling for resignations.
Click to expand...

Christ.
 

Gynnsthetonic

Well-Known Member
  • Nov 14, 2022
  • #11,786
better days said:
Cat properly among the pigeons at CCC now
Click to expand...
In the comments some people normally extremely pro council are calling for Duggins and Reeves to resign
 

chiefdave

Well-Known Member
  • Nov 14, 2022
  • #11,787
fernandopartridge said:
I am not one to stick up for the council but realistically how could a CEO carry out his role effectively if he needed prior permission from the leader of the council in relation to any conversation? I think Gilbert is being a bit obtuse on this.
Click to expand...
Nobody is saying the leader of the council has to get permission for any conversation. But do you not think with something that would clearly be hugely controversial and involve such a large amount of money it maybe would have at least been mentioned?

If Duggins and the council knew nothing about it why did he tell Ridley to arrange a meeting with Reeves at the council meeting after the news of the Friday meeting that never happened was leaked?

For me there's two options, either they are in it up to their necks an we're I'm resignation territory or Reeves is incompetent to an even greater level than previously suspected which again is resignation territory.
 

Gynnsthetonic

Well-Known Member
  • Nov 14, 2022
  • #11,788
HuckerbyDublinWhelan said:
Even @Grendel mate the alleged Chris west is calling for resignations.
Click to expand...
Just quoted the same, a turn up for the books
 

chiefdave

Well-Known Member
  • Nov 14, 2022
  • #11,789
HuckerbyDublinWhelan said:
Even @Grendel mate the alleged Chris west is calling for resignations.
Click to expand...
I had to check this wasn't a wind up, it isn't. You know things are bad when people like that are calling for resignations.

 
Reactions: Gynnsthetonic

better days

Well-Known Member
  • Nov 14, 2022
  • #11,790
Gynnsthetonic said:
In the comments some people normally extremely pro council are calling for Duggins and Reeves to resign
Click to expand...
The positive thing in all this is that CCFC and the fans are now being universally seen as the victims of a shady stitch up by people who were at least as dodgy as SISU
 
Reactions: no_loyalty, eastwoodsdustman, Sky Blue Dal and 12 others
T

Theonlywayisskyblue

Well-Known Member
  • Nov 14, 2022
  • #11,791
fernandopartridge said:
I am not one to stick up for the council but realistically how could a CEO carry out his role effectively if he needed prior permission from the leader of the council in relation to any conversation? I think Gilbert is being a bit obtuse on this.
Click to expand...
You're in fantasy land. I've worked in Councils and the Councilors and Leaders are obsessed by reputations, bad publicity and the next election. They smell a fiasco and a bad story even when it's not there. To imagine that this could be done as such a sensitive issue without any reference to the Leader is absolute nuts. Whether you agree, disagree or don't care about that is another issue - cue slowpoke
 
Reactions: chiefdave

Nick

Administrator
  • Nov 14, 2022
  • #11,792
Duggins said:

"Any discussions about bailouts SUGGESTED would be shared with the group"

Do we really think after all of the court cases and the shite like that they would have been silly to hide it from the actual elected politicians?
 
Reactions: Sky Blue Pete

Earlsdon_Skyblue1

Well-Known Member
  • Nov 14, 2022
  • #11,793
HuckerbyDublinWhelan said:
Even @Grendel mate the alleged Chris west is calling for resignations.
Click to expand...

I'm sure he is sitting very nicely after his half a million pound redundancy package. The council is a sham operation.
 

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,794
chiefdave said:
Nobody is saying the leader of the council has to get permission for any conversation. But do you not think with something that would clearly be hugely controversial and involve such a large amount of money it maybe would have at least been mentioned?

If Duggins and the council knew nothing about it why did he tell Ridley to arrange a meeting with Reeves at the council meeting after the news of the Friday meeting that never happened was leaked?

For me there's two options, either they are in it up to their necks an we're I'm resignation territory or Reeves is incompetent to an even greater level than previously suspected which again is resignation territory.
Click to expand...

I was talking about the CEO seeking permission from the leader of the council not the other way around.
 

slowpoke

Well-Known Member
  • Nov 14, 2022
  • #11,795
slowpoke said:
Court case is the 17th, don’t know when the out come will be known
Click to expand...
Oops date wrong, surely a hanging offence.
 
Reactions: Sky Blue Pete
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