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Wasps going into admin & the impact on CCFC (5 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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hutch1972

Well-Known Member
  • Oct 13, 2022
  • #2,276
Nick said:

So Richardson hands the training ground over to his mate, the playing staff have been kicked out and the codes changed.
Click to expand...
Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
 
Reactions: bulko

Grendel

Well-Known Member
  • Oct 13, 2022
  • #2,277
CCFCSteve said:
Im with Shmmeee on this. The council are far from blameless but SISU opened the door with their actions. They tried to play hardball, wanting to pick up stadium for nothing/next to nothing and failed….got another chance now
Click to expand...

The council created the whole situation - what happens when you let idiots play business games

- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said

Creating a failed project on Day 1.
 
Reactions: Moff, Godiva, Saddlebrains and 5 others

skybluetony176

Well-Known Member
  • Oct 13, 2022
  • #2,278
hutch1972 said:
Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
Click to expand...
If they go bump it’s dodgy as fuck and surely will be looked into.
 
Reactions: hutch1972

Sbarcher

Well-Known Member
  • Oct 13, 2022
  • #2,279
Oh dear, Exeter boss suggesting Rugby PL should be reduced to 10 teams only!
https://www.bbc.co.uk/sport/rugby-union/63233239
 
Reactions: chiefdave

hutch1972

Well-Known Member
  • Oct 13, 2022
  • #2,280
robbiekeane said:
absolute nonsense. The council were dropping their trousers to wasps a year before we went to sixfields weren’t they? It was literally leaked in an email
Click to expand...
Did they not have thoughts of actually buying Wasps at the time?
 

Samo

Well-Known Member
  • Oct 13, 2022
  • #2,281
Grendel said:
The council created the whole situation - what happens when you let idiots play business games

- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said

Creating a failed project on Day 1.
Click to expand...

And that horrible 'City of Rugby' thing which exposes some of those on the left (I am one btw) as aspiring to be the very things they profess to despise. I hate that kind of snobbery in working class folk.
 
Reactions: Peter Billing, Fergusons_Beard, duffer and 1 other person

hutch1972

Well-Known Member
  • Oct 13, 2022
  • #2,282
higgs said:
Are we looking at more of our games being canceled?

Sent from my SM-A528B using Tapatalk
Click to expand...
Always possible, but unlikely. Worcester's administrator has allowed use of their ground this weekend. They will allow the buisnesses to continue if it generates income.
 
Reactions: duffer and Sky Blue Pete
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 13, 2022
  • #2,283
Grendel said:
The council created the whole situation - what happens when you let idiots play business games

- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said

Creating a failed project on Day 1.
Click to expand...
Add in the - would only deal with SISU when we flirted with admin in 2007
 
Reactions: Fergusons_Beard

hutch1972

Well-Known Member
  • Oct 13, 2022
  • #2,284
HuckerbyDublinWhelan said:
Add in the - would only deal with SISU when we flirted with admin in 2007
Click to expand...
Yep, they were ccc preferred bidder for the club.
 
Reactions: robbiethemole

shmmeee

Well-Known Member
  • Oct 13, 2022
  • #2,285
Grendel said:
The council created the whole situation - what happens when you let idiots play business games

- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said

Creating a failed project on Day 1.
Click to expand...
Grendel said:
The council created the whole situation - what happens when you let idiots play business games

- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said

Creating a failed project on Day 1.
Click to expand...

Do you actually think councillor drawn up contracts? I know you’re not the brightest, but come on. As always with you it boils down to not much more than personal beef with people you’ve identified as “idiots”.
 

Grendel

Well-Known Member
  • Oct 13, 2022
  • #2,286
The funny thing about Vulgaris who runs the forum and bans any wasps fans even if they are negative admits he never goes anyway



I'm Oz, I've been a Wasps supporter for somewhere in the region of 15 years. I live in a small village in Hampshire with thousands (three at home, one grown up and moved out) of children and rarely get to the Ricoh. I used to live in Herts and so got to Adams Park a lot more. To be honest I kinda miss that place (am I allowed to say that?).
 

Grendel

Well-Known Member
  • Oct 13, 2022
  • #2,287
shmmeee said:
Do you actually think councillor drawn up contracts? I know you’re not the brightest, but come on. As always with you it boils down to not much more than personal beef with people you’ve identified as “idiots”.
Click to expand...

The council set the lease period of 50 years - they are the freehold owners so I think that is down to them.

One would also assume they actually lay down the terms of the contract I would think? I mean you make a will a solicitor draws it up on the clients instruction - or are you saying the dumbos did not even have an idea.

Everyone knows you get triggered when your precious Council get criticised.
 
Reactions: WestEndAgro, ccfcchris and Fergusons_Beard
D

Deleted member 5849

Guest
  • Oct 13, 2022
  • #2,288
shmmeee said:
Do you actually think councillor drawn up contracts? I know you’re not the brightest, but come on. As always with you it boils down to not much more than personal beef with people you’ve identified as “idiots”.
Click to expand...
tbf, he's been hailed as pro council and pro Maton recently...
 

Senior Vick from Alicante

Well-Known Member
  • Oct 13, 2022
  • #2,289
hutch1972 said:
Do you think the signing over of the training ground, on the day the bonds were due to be repaid ( in May ) was either legal, immoral, or both?
Click to expand...

Necessity to pay the interest due to bond holders one would assume.
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 13, 2022
  • #2,290
shmmeee said:
Do you actually think councillor drawn up contracts? I know you’re not the brightest, but come on. As always with you it boils down to not much more than personal beef with people you’ve identified as “idiots”.
Click to expand...

You've chosen to die on the hill of 'Wasps moved in when CCFC weren't there'...
 

Senior Vick from Alicante

Well-Known Member
  • Oct 13, 2022
  • #2,291
shmmeee said:
Do you actually think councillor drawn up contracts? I know you’re not the brightest, but come on. As always with you it boils down to not much more than personal beef with people you’ve identified as “idiots”.
Click to expand...

I think Grendel has a point. The council played God with the club from the very start and dont have a good track record with large investments you just have to look at the money pit Coombe Abbey has turned into. At the end of the day they were the ones through Arena Coventry Ltd that forced our administration.
 
Reactions: slyblue57 and Fergusons_Beard

Sky Blue Harry H

Well-Known Member
  • Oct 13, 2022
  • #2,292
Grendel said:
The funny thing about Vulgaris who runs the forum and bans any wasps fans even if they are negative admits he never goes anyway



I'm Oz, I've been a Wasps supporter for somewhere in the region of 15 years. I live in a small village in Hampshire with thousands (three at home, one grown up and moved out) of children
Click to expand...

What kind of weird small village in Hampshire has thousands of children?

Suggestions, please ?
 
Reactions: Otis

olderskyblue

Well-Known Member
  • Oct 13, 2022
  • #2,293
bad boy said:
The place would require a deep clean and fumigating too.
Click to expand...
And the main changing room's ceiling lowered....
 
B

Brighton Sky Blue

Well-Known Member
  • Oct 13, 2022
  • #2,294
Sky Blue Harry H said:
What kind of weird small village in Hampshire has thousands of children?

Suggestions, please ?
Click to expand...
 
Reactions: AOM

joemercersaces

Well-Known Member
  • Oct 13, 2022
  • #2,295
Terry Gibson's perm said:
Just looked on a wasps followers Facebook page and he doesn’t seem happy that so called Coventry fans are enjoying this would any of you class yourself as so called?
Click to expand...
I prefer soi disant myself
 

Esoterica

Well-Known Member
  • Oct 13, 2022
  • #2,296
Sky Blue Harry H said:
What kind of weird small village in Hampshire has thousands of children?

Suggestions, please ?
Click to expand...
Jim'll Hamlet?
 
Reactions: Moff, Gynnsthetonic, ovduk78 and 2 others

Sbarcher

Well-Known Member
  • Oct 13, 2022
  • #2,297
Esoterica said:
Jim'll Hamlet?
Click to expand...
Pied Piper of Hamlin (led the children to Dorset)
 

fernandopartridge

Well-Known Member
  • Oct 13, 2022
  • #2,298
Grendel said:
The council created the whole situation - what happens when you let idiots play business games

- Unworkable Lease with no value from day 1
- Absurd formula price
- Stupid rental arrangement
- Insistence on never selling their share
- Slobbering around Daniel Gidney
- Believing all the tripe that Martin Reeves said

Creating a failed project on Day 1.
Click to expand...

I don't know why shmmeee is laughing - Grendel is spot on. The council creating an entity to run the stadium and then lumbering it with a huge debt yet only a 50 year lease was utterly stupid, everything since then is a consequence of that.
 
Reactions: GaryMabbuttsLeftKnee, Moff, slyblue57 and 9 others

Nick

Administrator
  • Oct 13, 2022
  • #2,299
fernandopartridge said:
I don't know why shmmeee is laughing - Grendel is spot on. The council creating an entity to run the stadium and then lumbering it with a huge debt yet only a 50 year lease was utterly stupid, everything since then is a consequence of that.
Click to expand...
Yep, they had the silly debt that they then relied on the club to pay in high rent.
 

MalcSB

Well-Known Member
  • Oct 13, 2022
  • #2,300
The company which own Wasps training ground was never owned by Wasps themselves, but was owned by Richardson and Holland, I suppose transferring Richardsons shares to Holland on the day the bond was due could have raised funds for payment of the bonds interest if Richardson used any of the proceeds to lend the necessary to Wasps, adding to their debt to him.
 

Philosoraptor

Well-Known Member
  • Oct 13, 2022
  • #2,301
I always thought the contract was written by another party in the negotiations for the Arena.

Nothing to back that assertion up, just a hunch.
 

Philosoraptor

Well-Known Member
  • Oct 13, 2022
  • #2,302
I still think the area around the Arena if we are using SimCity terminology should be for low to medium industrial sector and then building the sector up over a number of years to a more high-tech setting.

A start-up city could work very nicely with variable sized premises.

Would be something to really drive regeneration in the city and beyond.
 
Last edited: Oct 13, 2022

SBAndy

Well-Known Member
  • Oct 13, 2022
  • #2,303
Nick said:
Yep, they had the silly debt that they then relied on the club to pay in high rent.
Click to expand...

Question - when CCFC were the main tenant did we receive the incomes from casino/hotel letting or did that go to ACL still? I’m guessing the latter.
 
Reactions: Sick Boy
W

wingy

Well-Known Member
  • Oct 13, 2022
  • #2,304
SBAndy said:
Question - when CCFC were the main tenant did we receive the incomes from casino/hotel letting or did that go to ACL still? I’m guessing the latter.
Click to expand...
Aren't they either owner operated or franchised?
 

chiefdave

Well-Known Member
  • Oct 13, 2022
  • #2,305
Sbarcher said:
Oh dear, Exeter boss suggesting Rugby PL should be reduced to 10 teams only!
https://www.bbc.co.uk/sport/rugby-union/63233239
Click to expand...
They were talking about this in the office earlier. What he's saying makes sense tbh. People aren't going to games because the internationals clash, well they think that's why they aren't going to games anyway. Less games and better scheduling means increased availability of international players.

Plus an even number in the league just seems common sense. I suspect if there's 10 clubs that think their own future in a a closed off league can be secured they won't hesitate to vote in favour of something like that should it be put to them.
 
Reactions: Sbarcher

Frostie

Well-Known Member
  • Oct 13, 2022
  • #2,306
So far in the Wasps fans blame game we have...
  • Covid
  • Coventry City fans
  • Sisu
  • Saracens
  • The RFU
Nobody thought to look closer to home yet?
 
Reactions: Terry_dactyl, Moff, no_loyalty and 9 others

Nick

Administrator
  • Oct 13, 2022
  • #2,307
SBAndy said:
Question - when CCFC were the main tenant did we receive the incomes from casino/hotel letting or did that go to ACL still? I’m guessing the latter.
Click to expand...
No we didn't even get income at all on food and drink for our matches.
 

hutch1972

Well-Known Member
  • Oct 13, 2022
  • #2,308
SBAndy said:
Question - when CCFC were the main tenant did we receive the incomes from casino/hotel letting or did that go to ACL still? I’m guessing the latter.
Click to expand...
We gave away our income streams bit by bit over the first few years.
 
W

wingy

Well-Known Member
  • Oct 13, 2022
  • #2,309
Wasn't there a super rate to the council via gov't if it achieved a certain level of turnover/profit .
Wonder if it ever achieved the level , highly doubt it.
 

Calista

Well-Known Member
  • Oct 13, 2022
  • #2,310
Nick said:
Yep, they had the silly debt that they then relied on the club to pay in high rent.
Click to expand...
Why was it a ‘silly debt’ (genuine question)?
 
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