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Wasps going into admin & the impact on CCFC (5 Viewers)

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

Well-Known Member
  • Nov 14, 2022
  • #11,831
jordan210 said:
Hottinger also were a shirt sponsor of wasps last season
Click to expand...

Hottinger have been a finance arm of Wasps and Moonstone.

Hottinger Group - Derek Richardson - The Hottinger Group

hottinger.co.uk

Richardson has a share holding in some shell company - Hottinger Arts Collection Ltd

There was some resignations a while ago in the Group and Richardson seems to then have fallen out with them
 
Reactions: jordan210

Nick

Administrator
  • Nov 14, 2022
  • #11,832
jordan210 said:
So Hottinger have been a sponsor of Wasps. CEO was a Director until last year.

Cant see any conflict of interest that CCC started tot talk to them to get a deal done.
Click to expand...

Wonder who approached who...

Wonder if this guy knows Richardson? PADRAIC O GIOLLAIN | ICIJ Offshore Leaks Database

Edit: Grendel confirmed it.
 
Reactions: jordan210

jordan210

Well-Known Member
  • Nov 14, 2022
  • #11,833
Grendel said:
Hottinger have been a finance arm of Wasps and Moonstone.

Hottinger Group - Derek Richardson - The Hottinger Group

hottinger.co.uk

Richardson has a share holding in some shell company - Hottinger Arts Collection Ltd

There was some resignations a while ago in the Group and Richardson seems to then have fallen out with them
Click to expand...

Good find.

Gets dirtier and dieter the more you Dig for Reeves.

Wonder who approached who.
 

skyblueeyesrevisited

Well-Known Member
  • Nov 14, 2022
  • #11,834
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...
Not if it is detrimental to the football club
 
Reactions: Sky Blue Pete

Philosoraptor

Well-Known Member
  • Nov 14, 2022
  • #11,835
robbiekeane said:
can anyone summarise the last weeks events?
Click to expand...

 

Nick

Administrator
  • Nov 14, 2022
  • #11,836
It's almost as if Reeves was desperate to keep the stadium with some form of Wasps involvement.

Do we still think Wasps are completely gone and Richardson isn't going to be involved?

Do we still think this wasn't engineered to make sure a particular party was the "only show in town"?
 
Reactions: Red House Coaches, duffer and Sick Boy

Sick Boy

Super Moderator
  • Nov 14, 2022
  • #11,837
Nick said:
Not sure if it's being mentioned.

The Hottinger CEO was also a director of Wasps Holdings.

So Reeves has literally paired up with somebody involved with Wasps to try and agree a bailout.

Also a director of a company with Jade from little mix.
Click to expand...
Fucking disgrace
 
Reactions: Skyblueweeman, TomRad85 and Earlsdon_Skyblue1

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,838
45p in the £ gets a bondholder 90% or so of their investment back?

£100k investment
7 years of interest at 6.5% = £45k + £45k
 
Reactions: Deleted member 5849

Liquid Gold

Well-Known Member
  • Nov 14, 2022
  • #11,839
fernandopartridge said:
45p in the £ gets a bondholder 90% or so of their investment back?

£100k investment
7 years of interest at 6.5% = £45k + £45k
Click to expand...
That's a big win for them given the situation imo.
 
Reactions: Deleted member 5849

Sick Boy

Super Moderator
  • Nov 14, 2022
  • #11,840
Nick said:
It's almost as if Reeves was desperate to keep the stadium with some form of Wasps involvement.

Do we still think Wasps are completely gone and Richardson isn't going to be involved?

Do we still think this wasn't engineered to make sure a particular party was the "only show in town"?
Click to expand...
Anyone who thinks the Franchise are completely gone is naive at best.
 
Reactions: Red House Coaches

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,841
Sick Boy said:
Anyone who thinks the Franchise are completely gone is naive at best.
Click to expand...

I genuinely think they are - Richardson would no doubt be happy to be shot of them himself
 

robbiekeane

Well-Known Member
  • Nov 14, 2022
  • #11,842
Dickheads all of you
 
Reactions: Sky Blue Pete

tisza

Well-Known Member
  • Nov 14, 2022
  • #11,843
Nick said:
Not sure if it's being mentioned.

The Hottinger CEO was also a director of Wasps Holdings.

So Reeves has literally paired up with somebody involved with Wasps to try and agree a bailout.

Also a director of a company with Jade from little mix.
Click to expand...
Don't see how Reeves can fudge this in context of the statements from a couple of weeks ago
 
Reactions: Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #11,844
Nick said:
It's almost as if Reeves was desperate to keep the stadium with some form of Wasps involvement.

Do we still think Wasps are completely gone and Richardson isn't going to be involved?

Do we still think this wasn't engineered to make sure a particular party was the "only show in town"?
Click to expand...
Absolutely still involved I’m sure
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 14, 2022
  • #11,845
Sick Boy said:
Anyone who thinks the Franchise are completely gone is naive at best.
Click to expand...
I think they are. Even Shugs seems to have accepted that. They all want out
 

Nick

Administrator
  • Nov 14, 2022
  • #11,846
HuckerbyDublinWhelan said:
I think they are. Even Shugs seems to have accepted that. They all want out
Click to expand...

That's the thing though, that's the fans saying it.

What happens to the big empty training ground in Henley?
 
Reactions: Red House Coaches

Earlsdon_Skyblue1

Well-Known Member
  • Nov 14, 2022
  • #11,847
Nick said:
It's almost as if Reeves was desperate to keep the stadium with some form of Wasps involvement.

Do we still think Wasps are completely gone and Richardson isn't going to be involved?

Do we still think this wasn't engineered to make sure a particular party was the "only show in town"?
Click to expand...

It isn't 'almost as if' anything. It is exactly what you say it is.

The only difference this time is that the general public and even a couple of journalists have clued up to what's going on. The power has gone to the heads of Richardson, Reeves, Duggins etc, and they've got bolder. The problem is that they don't know when to stop and more or less think they can get away with anything they want. It's the same psychological pattern that gets serial killers caught.

The rapid response emails to people denying bailout meetings was one of the most recent big red flags for me, and a sign they are desperate to cling onto this project at any cost. Lying to constituents en masse like that shows some serious recklessness, and I just hope in this case that there are proper ramifications for the people involved. As an absolute minimum they should be removed from council.
 
Reactions: shmmeee

skyblueeyesrevisited

Well-Known Member
  • Nov 14, 2022
  • #11,848
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...
I don’t think anyone is implying he needed Duggins permission. The point is we are being led to believe Duggins knew nothing about it. I personally do not believe there hadn’t been dialogue between the two.
 

NortonSkyBlue

Well-Known Member
  • Nov 14, 2022
  • #11,849
Philosorapter said:
Click to expand...
Nigel Hawthorne-a Coventrian
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 14, 2022
  • #11,850
Nick said:
That's the thing though, that's the fans saying it.

What happens to the big empty training ground in Henley?
Click to expand...
Don’t think they’re gone from the Midlands - Coventry, think they’re done
 

Philosoraptor

Well-Known Member
  • Nov 14, 2022
  • #11,851
skyblueeyesrevisited said:
I don’t think anyone is implying he needed Duggins permission. The point is we are being led to believe Duggins knew nothing about it. I personally do not believe there hadn’t been dialogue between the two.
Click to expand...

I wonder if anyone could make a freedom of information request to see the communication between the pair. Sure, the council would need to keep records.
 
R

rexo87

Well-Known Member
  • Nov 14, 2022
  • #11,852
They're going to be in the championship with gates of less than 2k
They cant even play until next season at best (they currently dont have any owners)
The backlash would be massive if the council let them back in

I can't see any way we see Wasps back in Cov whatsoever. I understand we always think the worst as we usually get shit on but if you look at the facts i cant see any way they stay in the city
 

zuni

Well-Known Member
  • Nov 14, 2022
  • #11,853
As a simple man, why would Richardson veto the proposed 60m refinance if its own merry gang? So confused
 
Reactions: djr8369
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 14, 2022
  • #11,854
Nick said:
That's the thing though, that's the fans saying it.

What happens to the big empty training ground in Henley?
Click to expand...
The EPIC is also as close to Birmingham as it is Coventry and a straight road to Oxford
 

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,855
skyblueeyesrevisited said:
I don’t think anyone is implying he needed Duggins permission. The point is we are being led to believe Duggins knew nothing about it. I personally do not believe there hadn’t been dialogue between the two.
Click to expand...

Yeah, fair enough and I agree with you it is unrealistic. I suppose the council are using the defence that the only way they make decisions is through formal processes!
 

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #11,856
Still think Wasps will be at the CBS next season.
 
Reactions: Sky Blue Pete

SHUNT31

Well-Known Member
  • Nov 14, 2022
  • #11,857
HuckerbyDublinWhelan said:
The EPIC is also as close to Birmingham as it is Coventry and a straight road to Oxford
Click to expand...

There were rumours months ago they were looking at the Alexandra Stadium in Brum.
 

Nick

Administrator
  • Nov 14, 2022
  • #11,858
Earlsdon_Skyblue1 said:
It isn't 'almost as if' anything. It is exactly what you say it is.

The only difference this time is that the general public and even a couple of journalists have clued up to what's going on. The power has gone to the heads of Richardson, Reeves, Duggins etc, and they've got bolder. The problem is that they don't know when to stop and more or less think they can get away with anything they want. It's the same psychological pattern that gets serial killers caught.

The rapid response emails to people denying bailout meetings was one of the most recent big red flags for me, and a sign they are desperate to cling onto this project at any cost. Lying to constituents en masse like that shows some serious recklessness, and I just hope in this case that there are proper ramifications for the people involved. As an absolute minimum they should be removed from council.
Click to expand...

The thing is, there's absolutely fuck all that anybody can do about it now.

The PR tide has turned but realistically I think as soon as it "goes through" and is confirmed as sold there will be a massive backlash.

If people have NDAs, do they expire once the deal is done or are they for life etc?
 

fernandopartridge

Well-Known Member
  • Nov 14, 2022
  • #11,859
robbiekeane said:
Dickheads all of you
Click to expand...

We've got fuck all to talk about for a month
 
Reactions: MusicDating

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #11,860
rexo87 said:
They're going to be in the championship with gates of less than 2k
They cant even play until next season at best (they currently dont have any owners)
The backlash would be massive if the council let them back in

I can't see any way we see Wasps back in Cov whatsoever. I understand we always think the worst as we usually get shit on but if you look at the facts i cant see any way they stay in the city
Click to expand...
Ashley and parties actively looking to appeal decision and play in premiership from next year would suggest there’s lots still to play out
 

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #11,861
fernandopartridge said:
Yeah, fair enough and I agree with you it is unrealistic. I suppose the council are using the defence that the only way they make decisions is through formal processes!
Click to expand...

I just can’t believe someone suggested the council putting that level of cash in and was told to crack on. At best I can see a “go see what you can do” conversation and Reeves has gone off on one.

Other possibilities: it was a short term loan until a buyer was found, but again why? Just delaying the inevitable and no guarantees you’d get the money back.

Will be interesting to see what Reeves says.
 
R

rexo87

Well-Known Member
  • Nov 14, 2022
  • #11,862
Sky Blue Pete said:
Ashley and parties actively looking to appeal decision and play in premiership from next year would suggest there’s lots still to play out
Click to expand...
You think/know that Ashley wants Wasps?
 

Nick

Administrator
  • Nov 14, 2022
  • #11,863
rexo87 said:
You think/know that Ashley wants Wasps?
Click to expand...

It would depend who else is involved with the CBS....
 
Reactions: Sick Boy

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #11,864
rexo87 said:
You think/know that Ashley wants Wasps?
Click to expand...
No knows the rumour doing the rounds is discussions between his group and the group buying wasps holdings yes
 

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #11,865
rexo87 said:
You think/know that Ashley wants Wasps?
Click to expand...

He first got involved offering to refinance the bond didn’t he? He’s shown more interest in Wasps than CCFC from what I can see.
 
Reactions: Sick Boy, djr8369 and Sky Blue Pete
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