jimmyhillsfanclub
Well-Known Member
post removed for clarity.
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Wasps current finances & hope (10 Viewers)
- Thread starter oldskyblue58
- Start date
jimmyhillsfanclub
Well-Known Member
post removed for clarity
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jimmyhillsfanclub
Well-Known Member
and again....nothing to see here
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jimmyhillsfanclub
Well-Known Member
Domain name:
jaguararena.co.uk
Registrant:
Paul Armstrong
Registrant type:
Unknown
Registrant's address:
6 Browett Rd
Coventry
CV6 1AZ
United Kingdom
jaguararena.co.uk
Registrant:
Paul Armstrong
Registrant type:
Unknown
Registrant's address:
6 Browett Rd
Coventry
CV6 1AZ
United Kingdom
Grendel
Well-Known Member
jimmyhillsfanclub
Well-Known Member
....and this final edit to keep it tidy.
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fernandopartridge
Well-Known Member
Sole director is somebody called Anthony Kavanagh. It's almost a dormant company, there have been a couple of notices to strike the company off through not filing documents with Companies House.
The last published accounts show it has negative net worth.
The last published accounts show it has negative net worth.
fernandopartridge
Well-Known Member
Liquid Gold
Well-Known Member
italiahorse
Well-Known Member
All your comments seem to have an unknown person quoting fact..
Sometimes you need to quote it as your opinion.
If it's not LR then I'll take it on the chin.
Grendel
Well-Known Member
No it’s a fact and I’ve told people the specifics.
I’m amazed you still have the nerve to be in here after your domain name exclusive turned out to be as accurate as a Sunday Sport exclusive.
italiahorse
Well-Known Member
About the time I've been quoting it ?
Not the domain I'm talking about though or the main source of the info at the time.
italiahorse
Well-Known Member
You've told people. Your family ?
Grendel
Well-Known Member
People on here to put some balance on the nonsense you keep spouting. Especially the unsavoury suggestion the football club is holding up a potential deal. You stated as a fact that it was being renamed in 2015.
You don’t even have to know specifics actually but just how budget processes work in a company to know your assertion it’s being held back is just an untruth.
To be honest I’m surprised they haven’t hauled someone in (them or some other major company) and offered it for free (a tactic they are known for) to preserve their precious image as being a big time sports club. I wouldn’t be surprised they they are probably so short of cash they can’t even afford to change the existing sponsor signage.
You’ve blathered on here now about the serious issue of accounts delayed as an oversight and then ignore everything someone pulls you upon about it and keep using your well worn catchphrases.
You accuse me of making laughable statements but fail to see that everyone - everyone - is laughing at you.
Surely Eastwood can give you something better than this - or are things really this bad there?
jimmyhillsfanclub
Well-Known Member
They do have a current website too.....
Event Support Team, Ltd © EST Ltd 2018
T/A www.ricoharenaparking.co.uk
Company Number 09025788
italiahorse
Well-Known Member
As I keep saying, I'm not right or wrong until new sponsor is named.
The rest of your rhetoric is supposition based on the hope that Wasps fail rather than fact.
Just wait until the facts come out on the accounts otherwise your guessing.
The moment I worry about someone pulling me up on here will never happen.
italiahorse
Well-Known Member
People on here ? The usual 5 ?
Earlsdon_Skyblue1
Well-Known Member
Surely with the accounts being published so late, that can't be because something is right can it? The fact that the accounts were late must mean something was wrong somewhere.
italiahorse
Well-Known Member
Agree. I'm told its the knock on from the error on the £1.1M payment and the wait as a result of the bond holders meeting.
No idea why its taking so long though.
It does not seem to effect the bond price, which is sensitive to company problems. That's why I'm saying it's not a big issue.
The error to which you refer should have no effect on WASPS FINANCE Plc, unless it casts doubt on the ability for WASPS GROUP to pay its loan interest or the future repayment of the debt.
The Bond Price reflects as much on the asset cover of the guarantee/security than the trading position of WASPS. Currently the Bond Holders have been advised the Market Value of the Head Lease is in excess of their debt. However this opinion came from WASP's Directors and it also does not reflect the value if a forced sale
Moff
Well-Known Member
You said in 2015 that the stadium was to be sponsored by JLR, and that this was fact.
You have repeated this several more times, and are wrong on this fact, full stop, end of.
Be a man and accept you are wrong, your assertions otherwise are embarrassing.
Moff
Well-Known Member
People on here are far more factual than what you have repeatedly been proved to be.
In another post you say you don't care what others say/think, which is clear as you continue to post ill judged and unfactual statements, and repeatedly choose to ignore sound arguments.
As for the usual five, what a childish comment to make. Who are these mystery people? What I see is a number of people putting sound reasoned arguments together, whilst you decry any statement that disagrees with your opinion.
What concerns me with your posts is your total oblivion to the state of the game of rugby, and that fact that you think your knowledge towers above others.
Open your eyes, and see the real picture Rugby is heading for a financial mess, and like it or not Wasps and many other clubs are going to suffer due to this.
I have repeated the same mantra for a long time about the mess the game is in, wages are spiralling, clubs are trying to compete with the French and Celtic game (mainly Ireland)and are struggling, and costs keep rising.
You keep your head in the sand and keep ignoring the truth, but clubs will only be surviving due to benefactors keeping them afloat. Northampton, my team, are a pretty well run club financially and have had a stable and loyal fan base but are struggling and would be worse if not for the finances of their benefactors, the same with Saracens, who may have a rude awakening if the money stops. This is the same with Wasps, and with their other liabilities may become a very big issue.
Instead of spouting your usual rubbish, look at the game, the mess its in, and the facts, and stop bleating your usual garbage that people want them to fail, because they and many other clubs may fail regardless of what you, I and any others think on this site because of the way the game is going.
Grendel
Well-Known Member
How would bond holders know what the issue is until it’s revealed?
italiahorse
Well-Known Member
I'm repeating what I was told at the time.
Times moved on and I may be wrong for other reasons but until a new sponsor is on board I'm not proved wrong.
I'll take it on the chin when it happens.
Also I said Landrover not JLR so at least get that right.
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italiahorse
Well-Known Member
More factual ?
It's more like running with Cov Observer stories and criticising CET stories.
I can understand the preference on here but at least admit thats all that really counts.
No idea where I've put forward by knowledge of rugby other than informing people of my experiences of it.
Again not what people want to here on here but sometimes the other side of argument has to be put for a balanced view.
Otherwise you just have a message board of nodding donkeys.
We (CCFC) are surviving due to our owners as are many, if not most, football clubs.
I'm also overlaying my opinion that CCFC cannot survive alone at the Ricoh from where they currently stand and my belief that both need to work together to survive.
Again not what people want to hear on here but sometimes it sounds that it's just, get Wasps to fail, and see what happens next regardless.
Who knows what Sisu do next after that, perhaps obtain the freehold and build a housing estate. Again something some on here would be happy about.
Hence my race to the bottom comments. Again not what we want to hear on here.
The sooner the legals are out the way a long term deal can be sorted and people can move onwards and upwards.
stupot07
Well-Known Member
Grendel
Well-Known Member
No you are just wrong - as I say they could in theory offer them the naming rights for free - that means you were still wrong.
fernandopartridge
Well-Known Member
Does anybody have the level of external debt that Wasps does with the same rate of interest? The other point that oldfiver raises about IEC / Compass is massive as well (though it looks a bit like a Compass coercion to ensure a contract renewal)
italiahorse
Well-Known Member
Perhaps they don't want to be associated with it until CCFC are sorted.
Maybe Ricoh paid a reduced fee to keep it ticking over as the Ricoh.
On a lighter side, will people be able to relate to a new name after years of calling it the Ricoh ?
Moff
Well-Known Member
Whilst we don't agree on all points, I have liked your post as you have written a decent well reasoned reply, and whilst we may differ on some of it, I prefer having a more balanced debate with you.
In light of my post, I think you know I would prefer Wasps not to be here, and the CCFC debate re the stadium is a further discussion, but I feel Rugby is heading for a real mess and the signs have been there for a while. Wages are spiralling, and English teams are struggling to keep up with European Rivals, meaning further pressure to recruit better and more expensive players. All this whilst revenues have fairly levelled and there isn't a bottomless pot of cash for clubs to call on. Many clubs are struggling, and I know Wasps have tried to increase their revenue streams with the stadium etc, but I suspect their attendances are below what they expected and their liabilities are higher. That though is my personal opinion. They are one of many that are feeling the pinch.
What I do know is that many Premiership Rugby clubs are struggling, whilst those that try to join the elite are having to invest huge sums of money, eg) Bristol, whilst teams like London Irish say this is unsustainable, which using London Welsh as an example is pretty nailed on.
The vast finances involved in the game now for the players is crippling the clubs, and even well run teams like Northampton are struggling to keep up. The Welsh regions were all on the precipice recently until the WRU invested further sums, and days of huge signings like the Ospreys had are a thing of the past, they are all having to cut their cloth accordingly. Looking at the Ospreys squad now compared to ten years ago is sobering. This same scenario is coming to bite the English teams and it isn't going to end well unless someone gets a grip.
Grendel
Well-Known Member
I wouldn’t like it too much. Sisu could make a housing estate and some on here would be happy is straight from the Italia world of deflection
italiahorse
Well-Known Member
Is external debt not better than internal or individual debt? Pulling the plug etc ?
Saracens have the biggest debt I would guess from 2016 figures
Saracens debt grows to £45.1m | Ruck
Moff
Well-Known Member
Not sure on figures but I believe Saracens debt is also high.
London Irish have raised an issue with the funding of the Rugby Championship today, saying clubs that go down cant compete when promoted and that clubs are effectively going round in circles. Unless something is done, this will just continue and Rugby will become a closed shop, and the floating fans will become bored.