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Wasps going into admin & the impact on CCFC (8 Viewers)

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

Deleted member 5849

Guest
  • Nov 14, 2022
  • #12,216
Brighton Sky Blue said:
I suppose by 'Council' I mean those with executive authority or as good as.
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tbh I didn't particularly mean you, but your's was an apt one to quote. I know, for example, you buy into the concept of Michael Byng being a ridiculous buffoon who nullifies what little credibility SISU have to start with...
 

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #12,217
Deleted member 5849 said:
tbh I didn't particularly mean you, but your's was an apt one to quote. I know, for example, you buy into the concept of Michael Byng being a ridiculous buffoon who nullifies what little credibility SISU have to start with...
Click to expand...
He really has nothing to do with sisu
 

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #12,218
Sky Blue Pete said:
Richardson was blamed for not allowing it to advance
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Blamed by who?

A proposal was put forwards. It didn’t go anywhere. If it had got past the Wasps board it still wouldn’t have gone anywhere because the council were clear there would be no bailouts. This is very obvious from the replies from Labour councillors who would be needed to win a vote. Which there would have to have been because you can’t just spunk public money without winning a vote.
 
D

Deleted member 5849

Guest
  • Nov 14, 2022
  • #12,219
Sky Blue Pete said:
He really has nothing to do with sisu
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But he's been referenced in this thread to back up a certain narrative...
 
R

robbiethemole

Well-Known Member
  • Nov 14, 2022
  • #12,220
Geez, this fugging Council really do like their secret, off- the record meetings, don’t they? It’s almost as if open, democracy is non existent in Coventry
 

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #12,221
Deleted member 5849 said:
But he's been referenced in this thread to back up a certain narrative...
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Honestly he is mad and trust me he is not being asked to do anything on their behalf
 
R

robbiethemole

Well-Known Member
  • Nov 14, 2022
  • #12,222
Sky Blue Pete said:
He really has nothing to do with sisu
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He’s the joker who tried to head up the Chinese deal years ago I was on about in earlier posts, but couldn’t get a fax machine to work !! Hahaha
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 14, 2022
  • #12,223
Deleted member 5849 said:
tbh I didn't particularly mean you, but your's was an apt one to quote. I know, for example, you buy into the concept of Michael Byng being a ridiculous buffoon who nullifies what little credibility SISU have to start with...
Click to expand...

Correct. And I was in fact present when he phoned up my contact to tell him about plans for 'admin day'!
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 14, 2022
  • #12,224
If SISU had bid 17m on the day of admin we’d be having a different conversation, but at this point they hadn’t.

the council have been shady as fuck, but it’s irrelevant if SISU didn’t have a horse at the race
 
Reactions: shmmeee

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #12,225
Sky Blue Pete said:
Honestly he is mad and trust me he is not being asked to do anything on their behalf
Click to expand...

You seem to know a lot Pete. Can you say whether Sisu put a bid in?
 

tisza

Well-Known Member
  • Nov 14, 2022
  • #12,226
shmmeee said:
Blamed by who?

A proposal was put forwards. It didn’t go anywhere. If it had got past the Wasps board it still wouldn’t have gone anywhere because the council were clear there would be no bailouts. This is very obvious from the replies from Labour councillors who would be needed to win a vote. Which there would have to have been because you can’t just spunk public money without winning a vote.
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Are you sure the council would have called a match-funding arrangement a "bailout" ? They could easily called it an "investment opportunity" or a "regeneration project"
 
Reactions: RegTheDonk and Sky Blue Pete

Flying Fokker

Well-Known Member
  • Nov 14, 2022
  • #12,227
someone needs to take early retirement. Cold blooded Bloke who gets off on the old boys network.
 
D

Deleted member 5849

Guest
  • Nov 14, 2022
  • #12,228
Sky Blue Pete said:
Honestly he is mad and trust me he is not being asked to do anything on their behalf
Click to expand...
Then we can do some nuance, and accept his only role is a comedy character akin to Dale Evans
 
Reactions: Sky Blue Pete

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #12,229
tisza said:
Are you sure the council would have called a match-funding arrangement a "bailout" ? They could easily called it an "investment opportunity" or a "regeneration project"
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Call it what you like, there’s no way full council would pass a vote giving money to Wasps. Not just because so many of the newer councillors are against it, but also because the fricken leader has repeatedly said so. It just wasn’t politically possible even if Reeves and Duggins and everyone else on the shit list really really wanted it.

Ridley and Gilbert have been hammering the “CCC wastes cash on unviable businesses” drum for ages. Even Duggins isn’t stupid enough to had them another example. You can get a bunch of Labour councillors on board with TWW with talk of the green economy. You can’t do that for a rugger club.
 
D

Deleted member 5849

Guest
  • Nov 14, 2022
  • #12,230
Brighton Sky Blue said:
Correct. And I was in fact present when he phoned up my contact to tell him about plans for 'admin day'!
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I pity your contact being in Byng's phonebook!
 

Nick

Administrator
  • Nov 14, 2022
  • #12,231
shmmeee said:
No. I’ve posted the article but to save you a click “At a public vote on the recommendation to approve the loan…”
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Coventry City Council will lend an eye-watering £22.7 million to its own waste firm Tom White following a private meeting,
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O

oldfiver

Well-Known Member
  • Nov 14, 2022
  • #12,232
shmmeee said:
No you’re very careful in what you claim. Which is why when I asked if Sisu had put a bid in you went off on a Martin Reeves tribute act.
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No idea what you on about- leave it there we will agree to disagree
 
Reactions: shmmeee

Nick

Administrator
  • Nov 14, 2022
  • #12,233
Grendel said:
With respect you change the question every five minutes

You told me I lacked an education as I didn’t understand the council could not be involved in the sale at all

how’s that one holding up?
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Because it was a conspiracy.
 

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #12,234
shmmeee said:
You seem to know a lot Pete. Can you say whether Sisu put a bid in?
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I know some and only what people have deigned to tell me and they’ll be good and bad reasons for that. They have not bid as far as I know but were and are interested.
 

chiefdave

Well-Known Member
  • Nov 14, 2022
  • #12,235
shmmeee said:
The answer you’re searching for it “No shmmeee, of course they can’t because I have the first clue how council expenditure works”

Council vote unanimously on sale of Coventry's Ricoh Arena

Councillors supported a deal to sell the Council’s share in ACL – the company that runs the Ricoh Arena - to Wasps Rugby Club. The deal ensures the Council makes a return on its original investment of £13.7million into the Arena development alongside significant investment into grassroots and...
www.itv.com
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Is that the meeting the public and media were excluded from? the one that no minutes were taken and oddly not a single person present made any notes? Not sure that's the best example as to this day nobody seems to have a clue what happened at that meeting past the result of the vote.
Leader of the Council, Cllr Ann Lucas said: “The decision about the Ricoh Arena’s future has been made with the interest of Coventry taxpayers and communities at its heart.

“This deal would not have happened if it threatened the future of the Sky Blues or Coventry Rugby Club.

“This is the most important decision this Council has ever made about the future of one of its best community assets, and we would not have made it unless we were confident it was the right thing to do.

“It’s really important for the city and its future. This sees significant investment by a successful sports franchise that believes Coventry is the place to develop a world class sporting facility and is here for the long term."
Click to expand...
 
Reactions: torchomatic, RegTheDonk and robbiethemole
O

oldfiver

Well-Known Member
  • Nov 14, 2022
  • #12,236
HuckerbyDublinWhelan said:
It does in this situation - SISU didn’t even render a bid when everyone else was
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Who was "everyone else" ? And do you wonder why they did not proceed further?
 
Reactions: djr8369 and Sky Blue Pete

ovduk78

Well-Known Member
  • Nov 14, 2022
  • #12,237
Brighton Sky Blue said:
View attachment 27235
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Who is that twat shaking Vaughan's (?) hand?
 

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #12,238
shmmeee said:
Call it what you like, there’s no way full council would pass a vote giving money to Wasps. Not just because so many of the newer councillors are against it, but also because the fricken leader has repeatedly said so. It just wasn’t politically possible even if Reeves and Duggins and everyone else on the shit list really really wanted it.

Ridley and Gilbert have been hammering the “CCC wastes cash on unviable businesses” drum for ages. Even Duggins isn’t stupid enough to had them another example. You can get a bunch of Labour councillors on board with TWW with talk of the green economy. You can’t do that for a rugger club.
Click to expand...
How do you honestly know there would have been no support to a new company to take on acl lease? That reeves still wants wasps around the city is beyond bizarre
 
R

robbiethemole

Well-Known Member
  • Nov 14, 2022
  • #12,239
I think the issue is, the Council (Reeves) entertained the idea of a bail out of Wasps, no matter how it’s worded, and got found out. They have then lied through their back teeth about it ever being an idea and that’s what’s really fugging people off. The lies keep coming.
 
Reactions: djr8369, RegTheDonk, Hiraeth and 5 others

shepardo01

Well-Known Member
  • Nov 14, 2022
  • #12,240
HuckerbyDublinWhelan said:
If SISU had bid 17m on the day of admin we’d be having a different conversation, but at this point they hadn’t.

the council have been shady as fuck, but it’s irrelevant if SISU didn’t have a horse at the race
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Even if they did that on "Admin day" we wouldn't be having a different conversation because CCC have been desperate to try to get deals through with other parties. On "admin day" they were knee deep already with NEC group and talking of them as preferred bidder and having a period of exclusivity....
Then Ashley's interest appeared...
 

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #12,241
Nick said:
.
Click to expand...

Do you think there wasn’t a council vote on this?

This is very very simple stuff mate. This stuff has to pass council.
 
D

Deleted member 5849

Guest
  • Nov 14, 2022
  • #12,242
Sky Blue Pete said:
How do you honestly know there would have been no support to a new company to take on acl lease? That reeves still wants wasps around the city is beyond bizarre
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It's a pet project though, innit. And when they came, he could gather support as there was a material threat to the local authority functioning as it should, due to constant litigation against it, and he offered a solution. There's less need for that solution now.
 
Reactions: Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #12,243
robbiethemole said:
I think the issue is, the Council (Reeves) entertained the idea of a bail out of Wasps, no matter how it’s worded, and got found out. They have then lied through their back teeth about it ever being an idea and that’s whets really fugging people off. The lies keep coming.
Click to expand...
Yep and why would duggins not just say reeves has spoke to many parties about the situation and is actively looking for solutions to ensure the future of the arena. Rather than conversations didn’t take place . Maybe just badly advised
 

shmmeee

Well-Known Member
  • Nov 14, 2022
  • #12,244
Sky Blue Pete said:
I know some and only what people have deigned to tell me and they’ll be good and bad reasons for that. They have not bid as far as I know but were and are interested.
Click to expand...

But not interested enough to try and buy it?
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 14, 2022
  • #12,245
ovduk78 said:
Who is that twat shaking Vaughan's (?) hand?
Click to expand...

Well the first is Moz Baker, can't make out the other.
 

chiefdave

Well-Known Member
  • Nov 14, 2022
  • #12,246
shmmeee said:
2:15 of the Reeves interview: “the polticial leadership were very very clear there was to be no bailouts”
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did they make that clear before or after the possibility of a bailout was leaked to the local media and there was a public outcry?

is the story now that Reeves was working up a deal that involved tens of millions in match funding, a deal that was at an advanced enough stage there was a vote by Wasps board, having had it made clear to him no money would be available?
 
Reactions: ccfcrob, torchomatic, djr8369 and 3 others

Grendel

Well-Known Member
  • Nov 14, 2022
  • #12,247
ovduk78 said:
Who is that twat shaking Vaughan's (?) hand?
Click to expand...

Moz Baker and CJ Joiner
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 14, 2022
  • #12,248
shmmeee said:
But not interested enough to try and buy it?
Click to expand...

Interested enough to want it for as little as possible, with no debt attached. Which should confirm they just aren't able to raise anything like the amount of money needed. Which is where the talk of going in with another investor makes some sense.
 
Reactions: wingy, Sky Blue Pete and Deleted member 5849
D

Deleted member 5849

Guest
  • Nov 14, 2022
  • #12,249
Brighton Sky Blue said:
Well the first is Moz Baker, can't make out the other.
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tbf shaking hands can just be polite. The applause is beyond comprehension though. I mean, even for our own chairman and chief exec it'd be a bit odd if they walked into a room to whoops of approval, however well liked they were!
 
Reactions: AOM, Frostie, Brighton Sky Blue and 1 other person

Sky Blue Pete

Well-Known Member
  • Nov 14, 2022
  • #12,250
shmmeee said:
But not interested enough to try and buy it?
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Old fiver is attempting to answer that for you without spelling it out.

What are people bidding for? How much is something worth if you don’t know what you are allowed to purchase?

If the directors of the company going into admin are richardson and a n other who would ccfc sisu talk to to answr some of those questions ??
 
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