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Wasps going into admin & the impact on CCFC (7 Viewers)

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

Well-Known Member
  • Oct 17, 2022
  • #3,256
Ccfcsj said:
Tomorrow's game has been called off

Wasps vs Sale Sharks Premiership Cup Match Cancelled

www.wasps.co.uk
Click to expand...
Interestingly not postponed but cancelled.
A panel will be convened in due course to decide the result - and points allocation - of the match.
Click to expand...
 
Reactions: MusicDating and Evo1883

Skyblueweeman

Well-Known Member
  • Oct 17, 2022
  • #3,257
Had a couple of mins at work and was feeling a bit childish....

 
Reactions: Moff, ccfcchris, RegTheDonk and 7 others

chiefdave

Well-Known Member
  • Oct 17, 2022
  • #3,258
Seen that people are starting to ask questions about how, or if, the Champsionsip will be able to accomatde Wasps and Worcester next season.

Seems it may not be a foregone conclusion that if either team can survive in some form they will be given a place. Not sure Championship sides who were locked out of the Premiership when they voted against promotion and relegation, will feel particularly inclined to help.
 
Reactions: SBQuin, no_loyalty, SkyBlueSam01 and 7 others

clint van damme

Well-Known Member
  • Oct 17, 2022
  • #3,259
Are those bastards dead yet?
 
Reactions: Moff, TwistAndShoutCCFC1987, SomersetSB and 6 others

Skyblueweeman

Well-Known Member
  • Oct 17, 2022
  • #3,260
chiefdave said:
Seen that people are starting to ask questions about how, or if, the Champsionsip will be able to accomatde Wasps and Worcester next season.

Seems it may not be a foregone conclusion that if either team can survive in some form they will be given a place. Not sure Championship sides who were locked out of the Premiership when they voted against promotion and relegation, will feel particularly inclined to help.
Click to expand...

Great point. I guess the 'rugby family' might agree that it's in the best interests to get them in and they might draw in bigger crowds for those two games. Maybe.

I'll try and speak to my contacts at Cornish Pirates this week and see what they say.
 

Evo1883

Well-Known Member
  • Oct 17, 2022
  • #3,261



 
Reactions: TwistAndShoutCCFC1987, Sick Boy, matesx and 2 others

Liquid Gold

Well-Known Member
  • Oct 17, 2022
  • #3,262
clint van damme said:
Are those bastards dead yet?
Click to expand...
Seems to be a meeting at 2 to tell the staff and then news will probably filter out to us after that.
 
Reactions: clint van damme
D

Deleted member 5849

Guest
  • Oct 17, 2022
  • #3,263
Skyblueweeman said:
Great point. I guess the 'rugby family' might agree that it's in the best interests to get them in and they might draw in bigger crowds for those two games. Maybe.

I'll try and speak to my contacts at Cornish Pirates this week and see what they say.
Click to expand...
Can't you speak to them and ask them to tell Wasps to fuck off?
 
Reactions: Moff, RegTheDonk, Otis and 4 others

Skyblueweeman

Well-Known Member
  • Oct 17, 2022
  • #3,264
Deleted member 5849 said:
Can't you speak to them and ask them to tell Wasps to fuck off?
Click to expand...

Ha ha - on it!
 
Reactions: Moff, duffer, torchomatic and 1 other person

Grendel

Well-Known Member
  • Oct 17, 2022
  • #3,265
How sad, never mind what a shame

 
Reactions: Moff, SkyBlueSam01, Terry Gibson's perm and 5 others
R

rexo87

Well-Known Member
  • Oct 17, 2022
  • #3,266
Gilbert says that unclear whether ACL/ACL 2006 will be going into admin. If they dont then labour group will be asked to vote on a loan to prop up the stadium business for now - they will say this is to allow Cov and other events to still take place.

Not sure what happens if ACL does go into admin - would the stadium then be in control of the admins?
 

fernandopartridge

Well-Known Member
  • Oct 17, 2022
  • #3,267
rexo87 said:
Gilbert says that unclear whether ACL/ACL 2006 will be going into admin. If they dont then labour group will be asked to vote on a loan to prop up the stadium business for now - they will say this is to allow Cov and other events to still take place.

Not sure what happens if ACL does go into admin - would the stadium then be in control of the admins?
Click to expand...

A loan to whom? You can't loan a known to be insolvent company money.
 
Reactions: Colin Steins Smile
S

Seaside-Skyblue

Well-Known Member
  • Oct 17, 2022
  • #3,268
Time for us lot to fill in and make sure this game is on then. So...first things first, who knows how to pull a pint?

Sent from my SM-A908B using Tapatalk
 
Reactions: Saddlebrains, Gynnsthetonic and AOM
B

Brighton Sky Blue

Well-Known Member
  • Oct 17, 2022
  • #3,269
The Falcon’s nest has been ruffled but he will fly again
 
Reactions: Grendel

Nick

Administrator
  • Oct 17, 2022
  • #3,270
rexo87 said:
Gilbert says that unclear whether ACL/ACL 2006 will be going into admin. If they dont then labour group will be asked to vote on a loan to prop up the stadium business for now - they will say this is to allow Cov and other events to still take place.

Not sure what happens if ACL does go into admin - would the stadium then be in control of the admins?
Click to expand...
Surely you can't give them money?
 

ccfc922

Well-Known Member
  • Oct 17, 2022
  • #3,271
rexo87 said:
Gilbert says that unclear whether ACL/ACL 2006 will be going into admin. If they dont then labour group will be asked to vote on a loan to prop up the stadium business for now - they will say this is to allow Cov and other events to still take place.

Not sure what happens if ACL does go into admin - would the stadium then be in control of the admins?
Click to expand...

Surely any administrators would want CCFC to keep playing to fill the coffers for paying off debts?
 

Nick

Administrator
  • Oct 17, 2022
  • #3,272
I made duggins explicitly say no financial help to wasps or related companies....
 
Reactions: ccfcrob, joemercersaces, torchomatic and 4 others

AOM

Well-Known Member
  • Oct 17, 2022
  • #3,273
Seaside-Skyblue said:
Time for us lot to fill in and make sure this game is on then. So...first things first, who knows how to pull a pint?

Sent from my SM-A908B using Tapatalk
Click to expand...

Bagsy not being linesman
 
Reactions: torchomatic, duffer and Seaside-Skyblue

shmmeee

Well-Known Member
  • Oct 17, 2022
  • #3,274
fernandopartridge said:
A loan to whom? You can't loan a known to be insolvent company money.
Click to expand...

Also, why? Don’t lend the money and they go bust and the council get the lease back and if they want can keep it running, or can leave that to the administrator surely? They’re certainly not going to see the cash again anyway.
 
Reactions: fernandopartridge
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 17, 2022
  • #3,275
Nick said:
Surely you can't give them money?
Click to expand...
Might have to- stadium business has to run. It’s not like it’s going to make a difference, wouldn’t we be better off if ACL goes bust anyway, kills the contracts and gets rid of the bond?

start afresh
 
Reactions: shmmeee
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 17, 2022
  • #3,276
Nick said:
I made duggins explicitly say no financial help to wasps or related companies....
Click to expand...
Email him back - and start asking about ACL and ACL 2006 specifically
 

ccfc922

Well-Known Member
  • Oct 17, 2022
  • #3,277
Surely there should be legal/criminal proceedings against Wasps board members if they've continued taking money to spend on a failing business? Is it not classed as fraud?
 

junglej13

Well-Known Member
  • Oct 17, 2022
  • #3,278
Interesting few tweets from Gilbert. Can't work out what either eventuality would mean
 

Grendel

Well-Known Member
  • Oct 17, 2022
  • #3,279
shmmeee said:
Also, why? Don’t lend the money and they go bust and the council get the lease back and if they want can keep it running, or can leave that to the administrator surely? They’re certainly not going to see the cash again anyway.
Click to expand...

I assume there is no money to actually run it so the administrator could lock the gates.

The council would get back the reduced lease and then manage ACL which it hardly wants to do either.
 

Philosoraptor

Well-Known Member
  • Oct 17, 2022
  • #3,280
rexo87 said:
Gilbert says that unclear whether ACL/ACL 2006 will be going into admin. If they dont then labour group will be asked to vote on a loan to prop up the stadium business for now - they will say this is to allow Cov and other events to still take place.

Not sure what happens if ACL does go into admin - would the stadium then be in control of the admins?
Click to expand...

I think it is just the holding company for the head-lease and a few other stuff, so it can't be moved anywhere.
 

fatso

Well-Known Member
  • Oct 17, 2022
  • #3,281
fernandopartridge said:
A loan to whom? You can't loan a known to be insolvent company money.
Click to expand...
Wrong terminology, a loan would suggest a repayment of such.
More likely that CCC or CCFC take on the cost of putting the game on, CCFC should be footing the bill as they can claim that the landlord has broken the terms of the rental agreement, and therefore ccfc could foot the bill and withhold the sum from any rent due. (And then tell wasps or ACL, to go fuck themselves)
 
Reactions: matesx and fernandopartridge

Nick

Administrator
  • Oct 17, 2022
  • #3,282
HuckerbyDublinWhelan said:
Email him back - and start asking about ACL and ACL 2006 specifically
Click to expand...
I did last week
 

shmmeee

Well-Known Member
  • Oct 17, 2022
  • #3,283
Grendel said:
I assume there is no money to actually run it so the administrator could lock the gates.

The council would get back the reduced lease and then manage ACL which it hardly wants to do either.
Click to expand...

just not comfortable lending more money to a company that’s shown it’s incapable of managing itself TBH. Though we’ve got six home games in four weeks and the last thing we need is another postponement…
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 17, 2022
  • #3,284
Nick said:
I did last week View attachment 26643
Click to expand...
I know… quote the email to him
 

Philosoraptor

Well-Known Member
  • Oct 17, 2022
  • #3,285
From what I can remember, and I am sure people will correct me if I am wrong, ACL and WHL are the guarantors of whatever is meant to be guaranteed but ACL (2006) or whatever it is called isn't.

Leads to a bit of an issue if the people who are in control of ACL (2006) put it into administration.

*Grabs popcorn*
 
D

Deleted member 5849

Guest
  • Oct 17, 2022
  • #3,286
Nick said:
I made duggins explicitly say no financial help to wasps or related companies....
Click to expand...
I've also had one of my other councillors come back and belatedly say the same thing. Now, some of them may be lying, but I'm pretty sure enough of them are aware that saying no financial support, followed by financial support would be a suicide note really!
 
Reactions: Brylowes and Nick

mark82

Super Moderator
  • Oct 17, 2022
  • #3,287
ACL didn't file intention of administration until about a week or so later, so assume they won't enter admin today.
 

Liquid Gold

Well-Known Member
  • Oct 17, 2022
  • #3,288
I just emailed one I got a response from on Friday saying:

Thank you for your response Cllr.

Can you also please confirm that no help will be for Wasps related companies, such as ACL, at the meeting scheduled for this evening?

As I'm sure you're aware they are also under the umbrella of Wasps companies and as such would be a similarly poor use of public funds, I do not believe the council should be responsible for funding failing private enterprises.
Click to expand...


and received the following:

'Dear George,

Please could you offer [dirty forum tramp] the reassurances he requests? Obviously the ability to confirm this sits with you, rather than me.
Click to expand...

George being Duggins who they have looped in.

To me that reads as if they are being asked to support ACL by Labour group leadership and are trying to show there is pressure to not proceed.
 

chiefdave

Well-Known Member
  • Oct 17, 2022
  • #3,289
rexo87 said:
Gilbert says that unclear whether ACL/ACL 2006 will be going into admin. If they dont then labour group will be asked to vote on a loan to prop up the stadium business for now - they will say this is to allow Cov and other events to still take place.

Not sure what happens if ACL does go into admin - would the stadium then be in control of the admins?
Click to expand...
A loan, because that will be paid back Anyway can't possibly true as Duggins was very quick to reply to any emails last week saying this definitely wouldn't happen.

If the council are taking over the running of the arena then surely the lease has to revert back to them?
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 17, 2022
  • #3,290
I mean this could backfire a little here. We need ACL running at least up until the World Cup
 
Reactions: shmmeee
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