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Wasps going into admin & the impact on CCFC (4 Viewers)

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

Well-Known Member
  • Oct 12, 2022
  • #1,856
Today's SBT word from dictionary corner..

 
Reactions: AStonesThrow, Moff, Terry_dactyl and 12 others

Nick

Administrator
  • Oct 12, 2022
  • #1,857
jordan210 said:
Click to expand...
Surely the council should have had a plan for every situation??
 
Reactions: torchomatic

torchomatic

Well-Known Member
  • Oct 12, 2022
  • #1,858
wasps.exe has crashed and stopped responding

Wait -------- End Task
 
Reactions: AStonesThrow and theferret

JAM See

Well-Known Member
  • Oct 12, 2022
  • #1,859
Sounds like they're hawking around for a buyer after they enter administration.

Could this be similar to the Leicester City situation c.2002?

Clean start with the creditors shafted.
 
S

Silsden

Well-Known Member
  • Oct 12, 2022
  • #1,860
Are we a creditor after paying for some/all of the pitch repairs?
 

jordan210

Well-Known Member
  • Oct 12, 2022
  • #1,861
Silsden said:
Are we a creditor after paying for some/all of the pitch repairs?
Click to expand...

Rumour from wasps board was a rich cov fan paid for it. So Overson id guess
 
Reactions: better days and Silsden
R

robbiethemole

Well-Known Member
  • Oct 12, 2022
  • #1,862
Does this mean the RL games now won’t go ahead, so the pitch won’t be fucked up again
 

pusbccfc

Well-Known Member
  • Oct 12, 2022
  • #1,863
Silsden said:
Are we a creditor after paying for some/all of the pitch repairs?
Click to expand...

The Commonwealth Games paid for it.
 

Joy Division

Well-Known Member
  • Oct 12, 2022
  • #1,864
With these latest developments I'd be surprised if the Sheffield United game will go ahead
 

torchomatic

Well-Known Member
  • Oct 12, 2022
  • #1,865
Joy Division said:
With these latest developments I'd be surprised if the Sheffield United game will go ahead
Click to expand...

I wouldn't think that will be in danger. Administrators will want all the income they can get.
 
Reactions: Flying Fokker and CCFCSteve

Liquid Gold

Well-Known Member
  • Oct 12, 2022
  • #1,866
They really have no idea how insignificant their stupid sport is

"What I find interesting is the different treatment of rugby to football. If it were CCFC in administration there is no doubt that (unless they are a complete basket case like Bury) the administrator would find a buyer. The rumours are that Morecombe will go into administration soon (as collateral damage from Worcester going bust), but there is no doubt in the minds of fans that they will just be sold and carry on, albeit with a points deduction. Nowhere does anyone think they will be wound up, but here we are being wound up but with probably more prospects on or off the field than a club like Morecombe. I guess there must be different laws applying to football clubs than normal businesses. "
 
Reactions: MAFF

chiefdave

Well-Known Member
  • Oct 12, 2022
  • #1,867
Liquid Gold said:
The rumours are that Morecombe will go into administration soon (as collateral damage from Worcester going bust)
Click to expand...
How do Morecombe end up in admin because Worcester have gone bust, whats the connection?
 
Reactions: PUSB-We_are_going_up

MalcSB

Well-Known Member
  • Oct 12, 2022
  • #1,868
chiefdave said:
How do Morecombe end up in admin because Worcester have gone bust, whats the connection?
Click to expand...
Same owners I think.
 
Reactions: chiefdave
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 12, 2022
  • #1,869
Liquid Gold said:
They really have no idea how insignificant their stupid sport is

"What I find interesting is the different treatment of rugby to football. If it were CCFC in administration there is no doubt that (unless they are a complete basket case like Bury) the administrator would find a buyer. The rumours are that Morecombe will go into administration soon (as collateral damage from Worcester going bust), but there is no doubt in the minds of fans that they will just be sold and carry on, albeit with a points deduction. Nowhere does anyone think they will be wound up, but here we are being wound up but with probably more prospects on or off the field than a club like Morecombe. I guess there must be different laws applying to football clubs than normal businesses. "
Click to expand...
This - this is why they have that chip on their shoulder, they’re supposed to be this proper sport, a higher standard.

they can’t stomach that football is and always will be a bigger sport.

the best part is in their hour of need, Investors are not interested in wasps - it’s all about picking the carcass for a stadium so they can get at a bottom of the league 2nd tier club
 
Reactions: Skyblueweeman, duffer, hill83 and 1 other person
W

wingy

Well-Known Member
  • Oct 12, 2022
  • #1,870
For reference how much was Ashley bidding in his pursuit of Derby?
 

Colin Steins Smile

Well-Known Member
  • Oct 12, 2022
  • #1,871
wingy said:
For reference how much was Ashley bidding in his pursuit of Derby?
Click to expand...
I’ve no idea , but Pride park was sold for between £20-22m. As for DCFC Im guessing at another £30m
 
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N

napolimp

Well-Known Member
  • Oct 12, 2022
  • #1,872
What actually happens once the administrators move in? I'm assuming they are going to sell Wasps assets - so the stadium - which isn't going to fetch any more than 25 mil surely, especially with the repairs. Expenses are paid, HMRC are paid, and then the rest goes to the bondholders? I'm sure there's going to be a queue to buy the stadium, but no one's going to want wasps surely?
 
Reactions: Colin Steins Smile

Liquid Gold

Well-Known Member
  • Oct 12, 2022
  • #1,873
"Football fans showing they have no class again"

 
Last edited: Oct 12, 2022
Reactions: duffer, Sick Boy, fernandopartridge and 1 other person

PUSB-We_are_going_up

Well-Known Member
  • Oct 12, 2022
  • #1,874
Just awaiting the Coventry City takeover news now, had another shitty day but this news has bloody well cheered me up. Finally someone used the insecticide
 
T

theferret

Well-Known Member
  • Oct 12, 2022
  • #1,875
torchomatic said:
I wouldn't think that will be in danger. Administrators will want all the income they can get.
Click to expand...

That's of course true, but it may be that there just isn't time ahead of next Wednesday. In a normal season we miss a game and FL don't care, but this season that may put us in a spot of bother.
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 12, 2022
  • #1,876
Sounds like a job for

The Fumigator
 
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MAFF

Well-Known Member
  • Oct 12, 2022
  • #1,877

pathetic
 
Reactions: Philosoraptor, robbiekeane, LastGarrison and 20 others

Terry Gibson's perm

Well-Known Member
  • Oct 12, 2022
  • #1,878
IMissMAF said:

pathetic
Click to expand...


The heart of what community not one in Coventry.
 
Reactions: SBQuin, Ccfcsj, M&B Stand and 16 others

torchomatic

Well-Known Member
  • Oct 12, 2022
  • #1,879
It is true the lease may give rise to a right to forfeit if the tenant enters into some kind of insolvency regime but there are restrictions on that", a statement from the Council read.

"We continue to monitor the situation and will act in the best interests of Coventry City Council and the arena asset.

"We are closely monitoring the situation and we are engaging with advisors and some potentially interested parties if requested as part of the process, in line with our role and responsibilities as freeholder of the asset."
 

PUSB-We_are_going_up

Well-Known Member
  • Oct 12, 2022
  • #1,880

Time for a clean up of all the pesky shit in the coventry area
 
Reactions: Bertola, theferret and Terry Gibson's perm

Terry Gibson's perm

Well-Known Member
  • Oct 12, 2022
  • #1,881
The training ground shuffle looks a bit iffy now
 
Reactions: duffer, SkyBlue_Bear83, CCFCSteve and 1 other person
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 12, 2022
  • #1,882
That Pshare is bollocks. Why should they be allowed the money if they’re not in the premiership?

that’s effectively creating the parachute payments in Rugby
 
R

robbiethemole

Well-Known Member
  • Oct 12, 2022
  • #1,883
theferret said:
That's of course true, but it may be that there just isn't time ahead of next Wednesday. In a normal season we miss a game and FL don't care, but this season that may put us in a spot of bother.
Click to expand...

Surely that would be under the heading “ circumstances beyond our control”
 
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B

Brighton Sky Blue

Well-Known Member
  • Oct 12, 2022
  • #1,884
They had everything stacked in their favour. Owner willing to plough in millions, council bending over backwards to help and get them the ground on the cheap, football club in disarray and giving them money for the privilege, the CVC payments etc.

Yet this is what they do with it. And what takes the piss more than all that is that ridiculous insect logo plastered over everything. That can be the first thing to go
 
Reactions: SBQuin, Great_Expectations, Philosoraptor and 16 others

Nick

Administrator
  • Oct 12, 2022
  • #1,885
I dont get why they are blaming the Rugby Authorities for it?
 
R

robbiethemole

Well-Known Member
  • Oct 12, 2022
  • #1,886
Council officers up to their necks in getting them here, questions over their judgement in allowing a dodgy hedge fund to take control of the Arena and taking a bond as security against it need asking. Just what they stopped SISU doing
 
Reactions: Skyblueweeman, montydon87 and duffer

AOM

Well-Known Member
  • Oct 12, 2022
  • #1,887
Still feel we'll be shafted in some way in all of this
 

tisza

Well-Known Member
  • Oct 12, 2022
  • #1,888
IMissMAF said:

pathetic
Click to expand...
They were at the heart of their rugby community in part of London before they threw them aside.
 
Reactions: Philosoraptor, fernandopartridge, PUSB-We_are_going_up and 5 others

tisza

Well-Known Member
  • Oct 12, 2022
  • #1,889
AOM said:
Still feel we'll be shafted in some way in all of this
Click to expand...
Not sure we'll get shafted but got a feeling we aren't going to benefit in any major way.
 
Reactions: SBQuin, djr8369, Sick Boy and 1 other person

duffer

Well-Known Member
  • Oct 12, 2022
  • #1,890
kingfield park skyblues said:
People are deluded, wasps were charging coventry city below market rent.The big American investors will want market rent or get out
Click to expand...

Absolutely. Who the fuck would want a business at the CBS that brings in a substantial footfall to the rest of the tenants, and gets nationwide coverage. And Wasps were doing us a favour?

I know where I think the delusion lies here.
 
Reactions: Moff
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