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Wasps going into admin & the impact on CCFC (6 Viewers)

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

Well-Known Member
  • Oct 10, 2022
  • #1,226
Mail reporting Mike Ashley has held talks with Wasps
 
Reactions: Winny the Bish and chiefdave

chiefdave

Well-Known Member
  • Oct 10, 2022
  • #1,227
HuckerbyDublinWhelan said:
Because I feel like NEC wouldn’t bother dealing with SISUs shit in 7 years time.
Click to expand...
you think the NEC Group would kick out the biggest tenants of the stadium bowl who bring hundreds of thousands of people to the venue every year? if anything we'll become the priority and Wasps will be forced to fit in around our needs.

I know some people think you can have a virtually unlimited number of concerts a year in the stadium, the reality is you're looking at 2 or 3 a year max. No promoter is going to want to oversaturate the market. These size shows rely on casual punters. Its only really London that see a huge number of stadium shows every summer.
 

oldskyblue58

CCFC Finance Director
  • Oct 10, 2022
  • #1,228
Brighton Sky Blue said:
Do you think it possible that they would seek to evict the sports clubs when practicable?
Click to expand...

No I don't, replace us with what ?
 
Reactions: Moff, shmmeee and duffer
B

Brighton Sky Blue

Well-Known Member
  • Oct 10, 2022
  • #1,229
oldskyblue58 said:
Buy acl 2006 and the lease doesn't have to revert, be rewritten or transfer. CCC cannot unreasonably object to such a sale.

As for a stadium operator not wanting the pitch to be used and kick us out why would they do that. Why kiss goodbye to the income, the footfall, the PR etc?
Click to expand...

Having to deal with an entity that spends more time in court than on the pitch might not be what they want?
 

SlowerThanPlatt

Well-Known Member
  • Oct 10, 2022
  • #1,230
SlowerThanPlatt said:
Mail reporting Mike Ashley has held talks with Wasps
Click to expand...

It’s all coming “out” tonight

Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover

Former Newcastle owner Mike Ashley has held talks with Wasps about a potential takeover as the debt-ridden club battle for their survival. Ashley is understood to have signed a Head of Terms.
www.dailymail.co.uk
 

jordan210

Well-Known Member
  • Oct 10, 2022
  • #1,231
SlowerThanPlatt said:
Mail reporting Mike Ashley has held talks with Wasps
Click to expand...

Doesn't he "talk" to literally every sports club that is struggling.
 
Reactions: Moff and duffer

chiefdave

Well-Known Member
  • Oct 10, 2022
  • #1,232
HuckerbyDublinWhelan said:
Again it depends on what shit SISU come up with.

they Could treble our rent, could still have Wasps leasing.

There’s also no guarentee we’ll be a championship club
Click to expand...
NEC Group are a professional outfit, they're not going to come in and tell the football club to piss off or hike the rent to unsustainable levels. If anything they'll concentrate on the exhibition side of the business and be happy they've got a use for the stadium 20 plus event days a year
 
Reactions: Skyblueweeman, Deleted member 5849 and duffer

pusbccfc

Well-Known Member
  • Oct 10, 2022
  • #1,233
SlowerThanPlatt said:
It’s all coming “out” tonight

Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover

Former Newcastle owner Mike Ashley has held talks with Wasps about a potential takeover as the debt-ridden club battle for their survival. Ashley is understood to have signed a Head of Terms.
www.dailymail.co.uk
Click to expand...

'The attraction of Wasps for Ashley lies chiefly in the stadium, which runs a profitable hospitality business including a Hilton hotel and Grovesnor Casino, as well as the potential for returning to football by buying Coventry City, who are tenants of the rugby club.

Ashley retains a strong interest in football despite the acrimony that soured his tenure at Newcastle and came close to buying Derby earlier this year before the League One club were purchased by local property developer David Clowes.


Sportsmail understands that Ashley has been in talks with Coventry City Council about plans which would involve control of Wasps, Coventry City and the stadium, while NEC are believed to have made an offer solely for the stadium, which is regarded as a potentially lucrative asset.'
 

jordan210

Well-Known Member
  • Oct 10, 2022
  • #1,234
SlowerThanPlatt said:
It’s all coming “out” tonight

Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover

Former Newcastle owner Mike Ashley has held talks with Wasps about a potential takeover as the debt-ridden club battle for their survival. Ashley is understood to have signed a Head of Terms.
www.dailymail.co.uk
Click to expand...

I bet Mikes apr to refinance the bind was crazy high. Would suggest no Bank would lend to them.
 
Reactions: duffer

clint van damme

Well-Known Member
  • Oct 10, 2022
  • #1,235
SlowerThanPlatt said:
It’s all coming “out” tonight

Ex-Newcastle owner Mike Ashley held talks with Wasps about takeover

Former Newcastle owner Mike Ashley has held talks with Wasps about a potential takeover as the debt-ridden club battle for their survival. Ashley is understood to have signed a Head of Terms.
www.dailymail.co.uk
Click to expand...

Sweet baby Jesus, Ashley might want to buy the club.
In the words of Liv Soprano, 'I wish the Lord would take me now'.
 

jordan210

Well-Known Member
  • Oct 10, 2022
  • #1,236
"Wasps owner Derek Richardson is understood to be asking around £50m for the club, plus an immediate cash injection of £12m to cover short-term running costs"

"One well-placed source claimed yesterday that the club are in danger of running out of money for wages and essential costs this week and that overall they are swamped by a ‘debt pile of £65m’.

The source added that the financial crisis has been ‘snow-balling and snow-balling’, with Wasps continuing to use consultants, despite knowing that they can’t afford to pay for their services."

So debt is somewhere between £50-£65m and getting worse every day !

Wonder if the bond holders will get their interest this month
 

chiefdave

Well-Known Member
  • Oct 10, 2022
  • #1,237
If the rugby club get separated from the stadium you have to wonder about their long term future here. There wouldn't be much to tie them to a stadium far too big for them in a city where they aren't exactly welcomed with open arms and have little history.

At what point does whoever end up owning Wasps start running the figures to see if they're more financially viable elsewhere. If its someone with a history with Wasps you could even potentially have a situation where they want to be seen as the saviour who takes them home.

Don't think they will be imminently leaving but losing the stadium would certainly bring uncertainty about their long term future here.
 
Reactions: ccfcchris, AOM and duffer

Liquid Gold

Well-Known Member
  • Oct 10, 2022
  • #1,238
Ashley is too hard nosed to pump £50m into a rugby club that pisses £10m a year away.

It would only work if he got the whole lot including us. I don't see it happening though.
 
Reactions: AOM and no_loyalty
B

Brighton Sky Blue

Well-Known Member
  • Oct 10, 2022
  • #1,239
clint van damme said:
Sweet baby Jesus, Ashley might want to buy the club.
In the words of Liv Soprano, 'I wish the Lord would take me now'.
Click to expand...

He would be a considerable step up from the current shysters
 
Reactions: TwistAndShoutCCFC1987 and TomRad85

Gynnsthetonic

Well-Known Member
  • Oct 10, 2022
  • #1,240

Frasers Group set to create 7,500 jobs with new global HQ campus

Owner of brands such as Sports Direct and Evans Cycles is eyeing vacant land in the West Midlands to build a new office, R&D and leisure hub
www.business-live.co.uk
Ashley's Frasers Group just announced ambitious plans at Ansty too for their HQ
 

Liquid Gold

Well-Known Member
  • Oct 10, 2022
  • #1,241
chiefdave said:
If the rugby club get separated from the stadium you have to wonder about their long term future here. There wouldn't be much to tie them to a stadium far too big for them in a city where they aren't exactly welcomed with open arms and have little history.

At what point does whoever end up owning Wasps start running the figures to see if they're more financially viable elsewhere. If its someone with a history with Wasps you could even potentially have a situation where they want to be seen as the saviour who takes them home.

Don't think they will be imminently leaving but losing the stadium would certainly bring uncertainty about their long term future here.
Click to expand...
I still think the Alexanda Stadium works as a more viable home for them. It's smaller in capacity but in a bigger city without an established club and they wouldn't be putting backs up like they did here taking our home away.
 

jordan210

Well-Known Member
  • Oct 10, 2022
  • #1,242
Dont worry all Gilbert has heard many things !

 

clint van damme

Well-Known Member
  • Oct 10, 2022
  • #1,243
Brighton Sky Blue said:
He would be a considerable step up from the current shysters
Click to expand...

The problem is having endured the current shysters I'm not ready to endure another one just because he's slightly better.
I don't agree he'd be considerably better to be honest.
 

oldskyblue58

CCFC Finance Director
  • Oct 10, 2022
  • #1,244
Brighton Sky Blue said:
Having to deal with an entity that spends more time in court than on the pitch might not be what they want?
Click to expand...

Why would sisu go to court with any new owners though?
 

Tommo1993

Well-Known Member
  • Oct 10, 2022
  • #1,245
I believe I saw Mike Ashley yesterday as a passenger in a Range Rover coming off at J1 of the M6.

May have been just a lookalike (most probably was), I just like to get involved.
 
Reactions: Somerset Sky Blue

chiefdave

Well-Known Member
  • Oct 10, 2022
  • #1,246
Also if, as it seems, there is a stadium up for sale in the city why are the Telegraph and CWR not hammering SISU?

They should be saying you want to own a stadium in the city, there's one for sale far cheaper than you can ever hope to build one. Put up or shut up.
 
Reactions: ccfcchris, AOM and skybluepm2

clint van damme

Well-Known Member
  • Oct 10, 2022
  • #1,247
jordan210 said:
Dont worry all Gilbert has heard many things !

Click to expand...

Saw him at the game Saturday, should be under house arrest and with his WiFi confiscated until he gets his hair cut and has a shave.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 10, 2022
  • #1,248
Liquid Gold said:
Ashley is too hard nosed to pump £50m into a rugby club that pisses £10m a year away.

It would only work if he got the whole lot including us. I don't see it happening though.
Click to expand...
Sounds like that’s his plan according to that article
 

jordan210

Well-Known Member
  • Oct 10, 2022
  • #1,249
Sports direct all ready has ten tons of discounted wasps crap so maybe mike was negotiating for this seasons kit as soon as they hit admin
 
Reactions: duffer

shepardo01

Well-Known Member
  • Oct 10, 2022
  • #1,250
Sky Blue Harry H said:
If the Council get the lease back and sold it to AN Other and it effectively shafted the football club, then I for one would happily lead the march to the Council House with a pitchfork. Probably jumping the gun, but do CCFC have any sort of 'support/ers' within The Council ?
Click to expand...
Yes, they do have "supporters". Sadly though, these supporters have been/were willing to see CCFC destroyed to spite the owners.
It was some of these "supporters" that were dealing with Wasps, behind the clubs back, before the club moved to Northampton.
I'm not entirely sure that we won't be shafted by the council again....
 

clint van damme

Well-Known Member
  • Oct 10, 2022
  • #1,251
When he says some are looking at all the pieces in play does that include the new stadium?!
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 10, 2022
  • #1,252
clint van damme said:
The problem is having endured the current shysters I'm not ready to endure another one just because he's slightly better.
I don't agree he'd be considerably better to be honest.
Click to expand...

He’d probably aim to turn us into a top flight yo yo, left Newcastle in a pretty healthy state financially etc. He’s also a c**t don’t get me wrong, but would surely be better than the death by a thousand cuts we’re certain to get staying as we are.
 
Reactions: Saddlebrains

Liquid Gold

Well-Known Member
  • Oct 10, 2022
  • #1,253
clint van damme said:
The problem is having endured the current shysters I'm not ready to endure another one just because he's slightly better.
I don't agree he'd be considerably better to be honest.
Click to expand...
I think he would be better. He knows the money is in the PL so would probably bankroll a push to get there and then try and tread water to cream while we're there. Our ambition would be 17th in the PL but that's a hell of a lot better than likely dropping back to L1 before too long.

Not that it excites me much though.
 
Reactions: TomRad85, Terry Gibson's perm, Saddlebrains and 2 others

torchomatic

Well-Known Member
  • Oct 10, 2022
  • #1,254
We'd be part of the deal too according to the article.
 

Liquid Gold

Well-Known Member
  • Oct 10, 2022
  • #1,255
HuckerbyDublinWhelan said:
Sounds like that’s his plan according to that article
Click to expand...
I just don't see why you'd pay £50m for Wasps and the arena plus what, £30m to make sisu piss off? £80m is a lot of money for three loss making entities.
 
Reactions: MAFF
B

Brighton Sky Blue

Well-Known Member
  • Oct 10, 2022
  • #1,256
oldskyblue58 said:
Why would sisu go to court with any new owners though?
Click to expand...

Force of habit
 
Reactions: Moff

olderskyblue

Well-Known Member
  • Oct 10, 2022
  • #1,257
Tommo1993 said:
I believe I saw Mike Ashley yesterday as a passenger in a Range Rover coming off at J1 of the M6.

May have been just a lookalike (most probably was), I just like to get involved.
Click to expand...
dirty sod
 
Reactions: Moff, Tommo1993, clint van damme and 1 other person

Gynnsthetonic

Well-Known Member
  • Oct 10, 2022
  • #1,258
Would NEC want to purchase the football club though or just give a lease SISU and we just carry on plodding along
 

chiefdave

Well-Known Member
  • Oct 10, 2022
  • #1,259
jordan210 said:
Dont worry all Gilbert has heard many things !

Click to expand...
the ones I want to see involved are AEG. not only would we get some decent gigs there would be a decent chance they'd buy us as well.

they also tend to develop around their venues with bars, restaurants, cinemas etc.
 
Reactions: Moff, TomRad85 and torchomatic

chiefdave

Well-Known Member
  • Oct 10, 2022
  • #1,260
Gynnsthetonic said:
Would NEC want to purchase the football club though or just give a lease SISU and we just carry on plodding along
Click to expand...
They've been diversifying into owning and operating other exhibition and concert venues. They will just want the venue.
 
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