I'm starting to think ACL being liquidated is the best option for us.
Hopefully it would open it up to more potential people who would then want to have the club too and effectively a fresh start with it all.
How real is this Byng bloke and how dangerous is his supposed bid/interest to MAs apparent preferred bid status.
Was always the best option. It effectively starts every contract again. We’d benefit from running it from the ground up in terms of sponsorship etcI'm starting to think ACL being liquidated is the best option for us.
Hopefully it would open it up to more potential people who would then want to have the club too and effectively a fresh start with it all.
Was always the best option. It effectively starts every contract again. We’d benefit from running it from the ground up in terms of sponsorship etc
I'm starting to think ACL being liquidated is the best option for us.
Hopefully it would open it up to more potential people who would then want to have the club too and effectively a fresh start with it all.
Nah their charge is only over ACL - if that disappears there’s technically just the bricks and mortar which solely belongs to the councilIf liquidated the Arena reverts to the BHs
I’m still convinced he’s taking over. It’s way to quiet on our endI now think that if Ashley and Co get it, it's going to be project fuck the club up as much as possible.
See post #11,868Where is he saying this
Surely that would leave us homeless again ?I'm starting to think ACL being liquidated is the best option for us.
Hopefully it would open it up to more potential people who would then want to have the club too and effectively a fresh start with it all.
Was always the best option. It effectively starts every contract again. We’d benefit from running it from the ground up in terms of sponsorship etc
1.2m sounds like 1m plus VAT to the administrator to me to try to get the stadium on the cheap.
Administrators = crooked. Never met à straight one.
Yes. But we’ve got a month to sort that issue.But won't liquidation mean the doors being locked?
Surely that would leave us homeless again.
Wouldn't our lease be null and void, and we'd be playing games out of the city again, for however long, until a deal could be sorted ?
Yes. But we’ve got a month to sort that issue.
Why is it on the cheap?
The administrator is only collecting VAT on behalf of the government - the payment to them is £1m.
Nah their charge is only over ACL - if that disappears there’s technically just the bricks and mortar which solely belongs to the council
I’m still convinced he’s taking over. It’s way to quiet on our end
But won't liquidation mean the doors being locked?
ACL ASTUTE 2022 LIMITED charges - Find and update company information - GOV.UK
ACL ASTUTE 2022 LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activityfind-and-update.company-information.service.gov.uk
Trustee for BH has charge on Arena
Does that £1m go to the Administrators or is that part of the purchase price that will be shared out?
Arena Company - technically (I think) there are no named Administrators yet
So if liquidated, it would be the bondholders who would just sell to the highest bidder to get as much as they could back?
Surely Reeves worst nightmare.
yep they are for nowAre they staying silent if Byng is all over Twitter and talking to the Tomes?
Richardson then?
Its weird that people were dead against the NEC on the basis the club and stadium would have different owners but are in favour of Ashley taking over despite everything we've heard being that he has no interest in buying the club and has had no contact with the owners.Same TBH. Ashley clearly doesn’t want us and if he does it’s no time soon and probably after a load of disruptive shite.
On a liquidation a Liquidator can act but he cannot undermine the BH security position
The BondHolders can sell to who they want
There's a scenario there where the next 10 plus years are Ashley and Sepalla using the club as a pawn in an ongoing dispute, we know how well that kind of thing turns out for the club.
Doesn't the 200 year extension fall away and the original 50 year lease ACL had, or whatever is left of it, revert back to the council. On that basis wouldn't the existing agreements stay in place with the council being owners of ACL until a new buyer is found and / or they the bondholders challenge ownership of the lease.Surely that would leave us homeless again ?
Wouldn't our lease be null and void, and we'd be playing games out of the city again, for however long, until a deal could be sorted ?
They have a charge on the lease not the actually arena.ACL ASTUTE 2022 LIMITED charges - Find and update company information - GOV.UK
ACL ASTUTE 2022 LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activityfind-and-update.company-information.service.gov.uk
Trustee for BH has charge on Arena
Doesn't the 200 year extension fall away and the original 50 year lease ACL had, or whatever is left of it, revert back to the council. On that basis wouldn't the existing agreements stay in place with the council being owners of ACL until a new buyer is found and / or they the bondholders challenge ownership of the lease.
I'm not convinced he would be. Wasps were broke and realised they needed us here, same can't be said of Ashley.Will Mike Ashley be a better landlord than Wasps? Whether he buys us or not.
Having a good landlord is key.
They have a charge on the lease not the actually arena.
if ACL is liquidated the lease disappears. The actual freehold wasn’t in ACL or Wasps gift to offer.
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