slowpoke
Well-Known Member
A busted flush I reckon.
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A busted flush I reckon.I agree with shmmeee - SISU are so wrapped up in their own image as these cut-throat business people that they just cannot see the wood for the trees and play the game - the club's image and reputation is miles away from where it was 8-10 years ago and there would be a lot of momentum behind a genuine push to get the club a stake of some sort in the stadium.
You wonder whether the approach they've taken is just a cover for them not having a pot to piss in and being unable to attract anybody to invest / work with them.
I partly agree.I agree with shmmeee - SISU are so wrapped up in their own image as these cut-throat business people that they just cannot see the wood for the trees and play the game - the club's image and reputation is miles away from where it was 8-10 years ago and there would be a lot of momentum behind a genuine push to get the club a stake of some sort in the stadium.
You wonder whether the approach they've taken is just a cover for them not having a pot to piss in and being unable to attract anybody to invest / work with them.
I partly agree.
Could SISU not just cash out some on their investments in other funds to invest in the CBS and show as an alternative revenue source (particularly) if they revalue?
“SISU broke” is an easy assumption. It’s not what they themselves are worth, it’s what they have accessible and how investing could be justified.
Said something earlier about him having been good for the city. I didn't mean it in a bitchy way, but he is about the only one who's been positive about him!Not sure what I'm missing here, but why would MMJ miss Reeves?
I agree with shmmeee - SISU are so wrapped up in their own image as these cut-throat business people that they just cannot see the wood for the trees and play the game - the club's image and reputation is miles away from where it was 8-10 years ago and there would be a lot of momentum behind a genuine push to get the club a stake of some sort in the stadium.
You wonder whether the approach they've taken is just a cover for them not having a pot to piss in and being unable to attract anybody to invest / work with them.
Absolutely, but they’ve got their neck on the line with CCFC already - getting the stadium, revaluing and then selling the lot could be a short game.I suppose though it doesn't really fit the sort of investment they'd usually make, it's a long game and they are not in it for the long game generally.
It’s bad news when you Google SISU and some wag has linked it to a funeral parlour in Mayfair with like 1 star reviews.I suppose a cost you pay for destroying your image over 15 years, alongside the business you own
I can agree with all of that but part of the issue is that Reeves would even entertain it. While I can understand he might have to come up with something it was a ludicrous idea.Until there’s evidence to the contrary I’m just going off what’s been said. It was an outline proposal that didn’t go anywhere. As I’ve said before if Reeves thought it would go anywhere then he’s a fucking idiot because he’s been told by the people who have to sign off on the decision it wouldn’t go anywhere.
There’s a long road between a three sheet proposal and anything the council could vote on. Gilbert is trying very hard to be Jeremy Paxman on this and the LOTO is banging the drum hard, but in reality nothing happened. Shit ideas come up, the issues start when they’re followed through.
I think there’s some justification in calling for Reeves’ head because he’s caused a political shit storm and made the councillors look bad. But I can also see the argument that he’s supposed to generate as many possibilities as he can for others to decide on their viability so I can’t see it going anywhere.
I can agree with all of that but part of the issue is that Reeves would even entertain it. While I can understand he might have to come up with something it was a ludicrous idea.
And I’m suggesting that Ashley became preferred bidder after ACL (whoever) heard that SISU actually had funding to bid for the stadium and would bid when the company went into administration.
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Makes no sense at all. Wasps were going bust. There either was or wasn’t a discussion in the council about a bailout. Reeves and Duggins want to say there wasn’t but if not how could Reeves say that the political administration were very clear on no bailout. Reeves and Duggins also both want to say that no money was on offer, but the Wasps Board voted on a proposal which included £30 million from the council. Somebody is telling porkies.Listen to the interview. 2:10 “the political administration of the council were very very clear there was to be no bailout, no funding directly into Wasps”
As long “big” Mike is successful this Thursday they can shit and storm all they want.I still think that the shit storm/offensive is still on hold until the outcome is actually confirmed.
Well quite. I think the problem is people have little trust in the council so as a whole they have little wriggle room for plausible deniability, particularly when it’s ‘there were no plans/discussions, well apart from these early discussions which didn’t really go anywhere or get as far as a vote (during public outrage as whisperings of support), but resulted in documents being knocked up and discussions within wasps’.Completely agree. He seems to be claiming the details weren’t fully worked out in terms of council financial input, and as I say either way has caused a massive PR headache for the council. But I think he’s got enough plausible deniability to avoid being sacked.
You say it wasn’t fully worked out. Yet it was in enough of a state to put to the Wasps Board?? And to get to that state he would have had to discuss with the Hottiger folks no? Stinks.Completely agree. He seems to be claiming the details weren’t fully worked out in terms of council financial input, and as I say either way has caused a massive PR headache for the council. But I think he’s got enough plausible deniability to avoid being sacked.
Well did Sisu?Did OSB or his clients invest any money? There’s a poster “PUSB” (I mean…) that’s on the Wasp Bond forum with a similar style and syntax.
If so, be interesting to hear the thoughts of someone with skin in the game.
Makes no sense at all. Wasps were going bust. There either was or wasn’t a discussion in the council about a bailout. Reeves and Duggins want to say there wasn’t but if not how could Reeves say that the political administration were very clear on no bailout. Reeves and Duggins also both want to say that no money was on offer, but the Wasps Board voted on a proposal which included £30 million from the council. Somebody is telling porkies.
What if SISU bought all the bonds when they were trading at 35p in the pound? Would be hilarious if they rocked up to court tomorrow and gatecrashed the party.
Makes no sense at all. Wasps were going bust. There either was or wasn’t a discussion in the council about a bailout. Reeves and Duggins want to say there wasn’t but if not how could Reeves say that the political administration were very clear on no bailout. Reeves and Duggins also both want to say that no money was on offer, but the Wasps Board voted on a proposal which included £30 million from the council. Somebody is telling porkies.
You say it wasn’t fully worked out. Yet it was in enough of a state to put to the Wasps Board?? And to get to that state he would have had to discuss with the Hottiger folks no? Stinks.
But surely, in his position, Reeves should know that putting any proposal together where council funding was required, was a no go, thereby he should know better than to even entertain it.The line is that the process goes:
1) informal convo with bidder and Reeves
2) bidder puts outline proposal to wasps
3) bidder works up proper proposal
4) council consider proposal
So he’s saying it fell at 2 and the council get involved at 4.
I heard CWR this morning claiming the only thing that stopped it happening was the board voting it down and that’s just categorically not true. At the very least it would have had to go to full council vote.
What it hinges on it what was said in that informal conversation. Did Reeves say “yea you can have £30m” in which case why is he lying to prospective bidders because that never would have flown. Or did he say “oh maybe we can help with some funding” and Hottinger went away and made up a number, in which case he probably presented it to the Wasps board as something it wasn’t.
But surely, in his position, Reeves should know that putting any proposal together where council funding was required, was a no go, thereby he should know better than to even entertain it.
as per what #CCFCSteve said earlier
What if SISU bought all the bonds when they were trading at 35p in the pound? Would be hilarious if they rocked up to court tomorrow and gatecrashed the party.
Completely. And for the third or fourth time in this thread: if Reeves thought that would fly he’s a fucking idiot.
He is quoted as saying he thinks it had a good chance.
Yet it was reported that the bid was upped to overcome the NEC bid.And I’m suggesting that Ashley became preferred bidder after ACL (whoever) heard that SISU actually had funding to bid for the stadium and would bid when the company went into administration.
SISU (and so were the NEC Group) were then royally fucked up before they could even bid.
Point is Shmmee nobody actually really knows what ‘process’ was followed and the real reasons why Ashley became preferred bidder.
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The line is that the process goes:
1) informal convo with bidder and Reeves
2) bidder puts outline proposal to wasps
3) bidder works up proper proposal
4) council consider proposal
So he’s saying it fell at 2 and the council get involved at 4.
I heard CWR this morning claiming the only thing that stopped it happening was the board voting it down and that’s just categorically not true. At the very least it would have had to go to full council vote.
What it hinges on it what was said in that informal conversation. Did Reeves say “yea you can have £30m” in which case why is he lying to prospective bidders because that never would have flown. Or did he say “oh maybe we can help with some funding” and Hottinger went away and made up a number, in which case he probably presented it to the Wasps board as something it wasn’t.
Did OSB or his clients invest any money? There’s a poster “PUSB” (I mean…) that’s on the Wasp Bond forum with a similar style and syntax.
If so, be interesting to hear the thoughts of someone with skin in the game.
I just wonder what Sisu would have been left with back into their funds after offering 51% up to a £20M bid or there abouts, would that be enough for them?Absolutely, but they’ve got their neck on the line with CCFC already - getting the stadium, revaluing and then selling the lot could be a short game.
I wonder if Reeves will be on the agenda for the 2.00pm cabinet meeting today?
Item 1. Our latest fuck-up.
It’s a fair musing.I just wonder what Sisu would have been left with back into their funds after offering 51% up to a £20M bid or there abouts, would that be enough for them?
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