Always a Wasp
General Category => Wasps Rugby Discussion => Topic started by: Neils on December 05, 2022, 10:40:35 AM
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Apparently served with an eviction notice on Friday by the new owners. Circulating on twatter.
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I shouldn't be enjoying this rumour... But I am!
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https://twitter.com/BBCCWR/status/1599710143276621824
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As if to compound their misery, William Storey (who is so dodgy he makes Sisu look honest and reliable) is looking to challenge the sale of CCFC too.
If I can't spend the rest of the season watching Wasps, this will go some way to filling the entertainment void...
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What a shame.
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When I first saw it I thought somebody was taking the P buy a bit more searching and I couldn't stop chuckling. Haven't ventured to SBT yet but will enjoy the viewing later.
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Coventry City: Mike Ashley's Frasers Group serve stadium eviction notice - https://www.bbc.co.uk/sport/football/63858805
Bet this reporter is pig sick!
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That is a pretty sh*tty scenario for them. SBT isn't really representative of their fan base as a whole.
Having been through what we've been through, i'd like to say it's amusing, but exasperating. Neither the Playing Squad and Support Staff nor the Fans deserve that merry go round.
I couldn't listen to the BBC Radio excerpt, but what's the reason for the eviction? - Is it a ploy to get more money in rent or plans to change the purpose of the stadium and so therefore no pitch to play on?
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what's the reason for the eviction?
I wondering that too. Assume this is a ploy to raise their rent or to distress the football club enough to make it easier to buy?
Seems pointless buying a stadium & then not having nay sports teams playing in it....
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Astonishing. What is Ashley's end-game here?
No point owning a stadium if there are no sports teams playing in it.
So I think he is either trying to distress CCFC to encourage a sale having not made any traction in negotiations with SISU, or he wants to re-negotiate the terms of the tenancy, again, not made any progress in negotiations with CCFC.
Latter is more likely but wouldn't be surprised at the former. Be interesting if SISU are trying to play hard-ball with Ashley!
Feel for the genuine fans of the club, but the minority representative didn't seem to be concerned about the uncertainty the Wasps situation was going to create.
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Exactly what I predicted he would do.
Wasps had identified major issues at the stadium meaning it needed (at Least £20m) spending on it. That is why he got it so cheap.
I said he would buy it cheap, and then evict CCFC, as their 10 year lease expired the moment the ground went in to administration. Nobody believes the recent sale of CCFC by SISU, it was simply smoke and mirrors designed to try to persuade MA to give them a lease. Not happening.
So, will the real owner of CCFC now step forwards from out of the shadows?
Either they sell to MA, or I suspect he will demolish the stadium and build his new HQ there. Coventry City Council must be entirely fed up with both Wasps and CCFC, so my guess is they will not care about the loss of either, and will simply see a new build for MA's offices as jobs for locals.
Ironic really. Gave me more than a chuckle.
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Considering I didn't see a single message of sympathy from anyone connected to CCFC when we went under, and they have gone out of their way to try to destroy our club through the courts for the last decade, I'm genuinely struggling to see this as anything other than hilarious.
Just need Mad Eddie sacked now.
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I can't believe the council would let him demolish the stadium, surely as lease holders they could veto any other use of the land?
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I can't believe the council would let him demolish the stadium, surely as lease holders they could veto any other use of the land?
In reality though it doesn't matter to him. He has enough money that he can simply choose to sit it out and play the long game. Having it sitting empty for a year or two is going to focus the council's minds on it.
Perhaps he wants it empty to do all the renovation work it needs? Then he can renegotiate any leases in his favour afterwards? Or perhaps he's suddenly developed an all encompasing love of unicycle hockey and is planning on turning the arena into the world's best venue for that?
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Wasps had identified major issues at the stadium meaning it needed (at Least £20m) spending on it. That is why he got it so cheap.
This was reported by some of the SBT, but I don't think we ever saw anything publicaly referenced about it - Where has the figure come from and what's the issues at the Stadium?
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Coventry City: Mike Ashley's Frasers Group serve stadium eviction notice - https://www.bbc.co.uk/sport/football/63858805
Bet this reporter is pig sick!
When I read this, I laughed so much the tears ran down my goitre
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I suspect it’s little more than a heavy handed way of getting them to sign a new rent agreement. However SISU aren’t normal people.
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SISU have been hoist with their own petard. Also they have been completely out-played be a total professional. And they were warned. Family thoughts are that Ashley is aiming to buy it for £1.
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(https://i.giphy.com/media/3o7rc0qU6m5hneMsuc/200w.webp)
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Wasps had identified major issues at the stadium meaning it needed (at Least £20m) spending on it. That is why he got it so cheap.
This was reported by some of the SBT, but I don't think we ever saw anything publicaly referenced about it - Where has the figure come from and what's the issues at the Stadium?
Wasps had approached the council for a grant to undertake the work, as they were the owners. The council responded saying it was the responsibility of the tenants (leaseholders) to fix any issues. It was one of many reasons it all folded like a house of cards.
MA would know all this, and thus knew the stadium was worth so little.
The thing is this. Mike Ashley likely doesn't care if any sport is being played. He can hire out the rooms, the hotel brings in money, the casino could be expanded (in to the space that was the 'clubhouse').
He can cover the pitch over and make it a permanent open venue for concerts and monster truck rallies. Fact is, I doubt he cares one jot about CCFC. If they want to play there, he might simply say, sell me the club for £1 and YOU clear all debts before you sell it to me. Otherwise, stop bothering me and go play somewhere else. My toys, my rules.
It's a hard world out there. No more Mr Nice guy that they had with Wasps.
Would the council let him knock it down? Why should they care? The stadium owes them little or nothing. Tescos and the EU paid for most of it, and the rest of the debt the Wasps bond holders paid off. Not being used, it brings little to the city. Knocked down and converted to his HQ would bring hundreds of jobs that otherwise were going to Warwickshire. Not used as a Stadium, means the rest of the land could also be used as something other than a car park or waste land.
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Wasps had approached the council for a grant to undertake the work, as they were the owners. The council responded saying it was the responsibility of the tenants (leaseholders) to fix any issues. It was one of many reasons it all folded like a house of cards.
Was this what the mooted £13m grant application was for? (that was discussed but never formally applied for?)
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Wasps had approached the council for a grant to undertake the work, as they were the owners. The council responded saying it was the responsibility of the tenants (leaseholders) to fix any issues. It was one of many reasons it all folded like a house of cards.
Was this what the mooted £13m grant application was for? (that was discussed but never formally applied for?)
Yes, but I think the total repairs needed came closer to the £20m, part of which Wasps had hoped the council would pay (not a chance). I got the feeling at the time that the various works done over the years had highlighted the issues as needing doing soon (builders being what they are, they noticed other stuff when being paid to do something else. Same with car mechanics. You pay one to change a tyre, and they tell you that a suspension joint needs replacing. You don't trust them, so get it checked, and, more often than not, they were right.
I know Wasps will have paid for surveys etc, but they never do much other than look. If something is buried under something else, they aren't going to see it.
On a side note, I wonder how the Coventry Building Society are feeling right now?
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He can cover the pitch over and make it a permanent open venue for concerts and monster truck rallies. Fact is, I doubt he cares one jot about CCFC.
My thoughts as well. He knows what a pain in the backside it is owning a football club and the fans would never warm to him so why would he bother, even for £1?
The Millennium Dome doesn’t need a football team to be profitable.
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He can cover the pitch over and make it a permanent open venue for concerts and monster truck rallies. Fact is, I doubt he cares one jot about CCFC.
My thoughts as well. He knows what a pain in the backside it is owning a football club and the fans would never warm to him so why would he bother, even for £1?
The Millennium Dome doesn’t need a football team to be profitable.
But he was in for Derby County recently wasn’t he, so thought he did want back into the football world, playing the long game maybe with CCFC.
In the mean time, I assume the Harry Styles et Al gigs are still on and if there aren’t any sports games on in May and September now that gig and event season can be extended hugely.
Must still be very profitable running events as mentioned with the millennium Dome, the NEC were keen in the stadium for the same reason.
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(https://i.giphy.com/media/3o7rc0qU6m5hneMsuc/200w.webp)
Can't stop laughing at this.
And If you really want to make yourself feel better, look at the reaction when they took down the Wasps signs....
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Person on Twitter saying that the council should "enforce the clause that CCFC must be permitted to play at the CBS or the leasehold reverts to the council"
Anyone have any idea if such a clause exists & if it does why was it not raised before?
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Person on Twitter saying that the council should "enforce the clause that CCFC must be permitted to play at the CBS or the leasehold reverts to the council"
Anyone have any idea if such a clause exists & if it does why was it not raised before?
Person on Twitter is living in fantasy land.
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Person on Twitter is living in fantasy land.
that would not surprise me :D
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Frasers have issued a statement saying that they originally offered CCFC the same terms they had under Wasps and SISU declined to sign it. Now a revised agreement has been offered and they have declined to sign that as well.
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Frasers have issued a statement saying that they originally offered CCFC the same terms they had under Wasps and SISU declined to sign it. Now a revised agreement has been offered and they have declined to sign that as well.
And suddenly it all makes perfect sense.
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I'm reminded of what someone once said to me about sympathy: It's just a word in the dictionary between s**t and syphilis.
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Frasers have issued a statement saying that they originally offered CCFC the same terms they had under Wasps and SISU declined to sign it. Now a revised agreement has been offered and they have declined to sign that as well.
And suddenly it all makes perfect sense.
Councillors must be having déjà vu. This is where it all started before CCFC trucked on up the road to Northampton, yes?
Well, if there is such a clause that CCFC have to be allowed to play here, I bet it doesn't say on what terms ...
Couldn't make it up ...
About time the EFL decided CCFC have made themselves homeless (after all, they had agreed to this price only a few months ago), and boot them out of the league.
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I can't bring myself to show any sympathy whatsoever, the continued abuse we've had for years from them as made me dislike them with a passion.
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SISU v Mike Ashley. This’ll be entertaining. Don’t fancy SISU’s chances.
Hopefully MA upped the price when he gave them a second offer.
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Ha ha ha ha ha
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You can just see SISU try to take Ashley to court. Whoopee!
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Person on Twitter saying that the council should "enforce the clause that CCFC must be permitted to play at the CBS or the leasehold reverts to the council"
Anyone have any idea if such a clause exists & if it does why was it not raised before?
I wouldn't be surprised if this really existed. If it did, I would assume it would look like how NWW described it. I find that the "the stadium was built for us" argument is overused. Have CCFC ever owned the stadium at any point or has it always been in the Council's ownership? My reasoning being, I've never understood the argument that because "the stadium was bult for us (CCFC)" doesn't mean the football club get automatic and unrestricted access to the stadium regardless of ownership.
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Person on Twitter saying that the council should "enforce the clause that CCFC must be permitted to play at the CBS or the leasehold reverts to the council"
Anyone have any idea if such a clause exists & if it does why was it not raised before?
I wouldn't be surprised if this really existed. If it did, I would assume it would look like how NWW described it. I find that the "the stadium was built for us" argument is overused. Have CCFC ever owned the stadium at any point or has it always been in the Council's ownership? My reasoning being, I've never understood the argument that because "the stadium was bult for us (CCFC)" doesn't mean the football club get automatic and unrestricted access to the stadium regardless of ownership.
CCFC owned Highfield Road. CCFC was taken over by an owner who destroyed the club's finances and that ground was sold to pay the debts (a common enough story). The EU was helping the council redevelop the area around where the Ricoh now is (it was one of the UK's most deprived areas, and not much better now). It was, to my recollection, an old gasworks site, so lots of heavy metals and toxic pollutants in the soil. Tesco came on board to build a large store, and gave a lot of money towards the project. The council came up with the rest. Because of the state of the site, the stadium probably cost 3-4 times to build what it was worth. Even with other monies, what the council paid was 100% more than the value, and they tried to strong arm CCFC in to paying rent that was way too much to cover that debt. CCFC were between a rock and a hard place. New owners SISU were a bunch of sh#ts and so the deal was done, which CCFC then walked away from with a rent strike.
Yes, the stadium was built with CCFC in mind as the tenants. But they contributed not a penny. No more 'theirs' than a house belongs to the person renting it. So, not theirs.
The lease is between MA and the council. I am sure that whilst there might have been some planning clauses etc. about main use being sports, I would bet my last dollar that the council would be only too pleased to agree a change of use and partial demolition just to be rid of CCFC once and for all. Maybe in exchange for a gym/leisure centre/pool, because that area of Coventry has nothing like that at all.
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Sorry but I’ve laughed my way from post 1 to above. What goes around comes around!
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What a circus. Presumably Big Mike will want at least one sports team there……………….
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What a circus.
Time to crack out the cunning array of stunts jokes.
And let us face it, there are a fair few villains in this piece. It will be like a Tarrantino movie, bad guys v bad guys, with gratuitous violence and stick ends for many.
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:) Now all I can see is Mike Ashley in a yellow Lycra one piece slashing away at Seppala in a tuxedo as he demands £3.10 for every burger sale and £1m in rent before she counter thrusts and makes her escape to Burton on Trent.
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:)
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:) Now all I can see is Mike Ashley in a yellow Lycra one piece slashing away at Seppala in a tuxedo as he demands £3.10 for every burger sale and £1m in rent before she counter thrusts and makes her escape to Burton on Trent.
She can stay well away from Burton! I'm not having her close to my doorstep! ;D