Wasps downward spiral... (13 Viewers)

[Liquid Gold]

Maybe they should try St. Andrews.

 

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[clint van damme]

For those of us that dont follow rugby am i rigjt to say this wasnt a league game?
If it is the cup is it perhaps the equivalent of the Checkatrade?

 

[CanadianCCFC]

For those of us that dont follow rugby am i rigjt to say this wasnt a league game?
If it is the cup is it perhaps the equivalent of the Checkatrade?

Regardless, a wasps team that was apparently near full strength lost badly to a saracens reserve team.

 

[clint van damme]

Regardless, a wasps team that was apparently near full strength lost badly to a saracens reserve team.

Was thinking more about the low crowd.
Could that be because it's not a very prestigious competition? Hopefully not and they are in full decline.

 

[CanadianCCFC]

Was thinking more about the low crowd.
Could that be because it's not a very prestigious competition? Hopefully not and they are in full decline.

Well it’s not as prestigious as the league, but they are in decline.

 

[CanadianCCFC]

 

[fernandopartridge]

They're charging £6 a pint up there this season according to somebody on twitter

 

[CCFC54321]

View attachment 13059

My brother in law told me the other day the 3 wasps season ticket holders in his place didn’t bother renewing as it was utter torture last season and this season I sent expected or get any better.

Possibly as relegation candidate?

 

[chiefdave]

Was thinking more about the low crowd.
Could that be because it's not a very prestigious competition? Hopefully not and they are in full decline.

I logged on to their ticketing site a couple of weeks back as somebody had claimed it was £60 a ticket. Bollocks of course, tickets were a tenner and as soon as I went on the site an offer popped up to get 4 for the price of 1!

Admittedly it is a cup game but this is their only domestic cup competition as far as I can tell so not quite in the realms of the checkatrade. Given it was a very nice day, no Cov Rugby game, we didn't have a game and a later than usual start to their season meaning people should be desperate to see a game it doesn't bode well.

 

[bradwellskyblues]

The lowest crowd for this comp last season was 8600 so quite a drop I think alarm bells will be ringing

 

[fernandopartridge]

Most of their enthusiastic fans on social media are women who don't really seem that bothered about the outcome of matches.

 

[Johhny Blue]

 

[Grendel]

This is an interesting article from last year when the price was 85 - it’s sub 80 now

Wasps’ 6.5% 2022 retail bond ‘….Should I stay or should I go now?’ - Retail Bond Expert

 

[Terry Gibson's perm]

This is an interesting article from last year when the price was 85 - it’s sub 80 now

Wasps’ 6.5% 2022 retail bond ‘….Should I stay or should I go now?’ - Retail Bond Expert

How do these things work when it comes to the final day do they only get the value on that day or is it the original value?

 

[Grendel]

How do these things work when it comes to the final day do they only get the value on that day or is it the original value?

Well it depends if wasps will honour any shortfall which they have I think indicated that they would

 

[jordan210]

All this cost cutting. How are people going to cope without their free plastic flag.

Some of the pics from yesterday. I would doubt there was even 6k

 

[SBAndy]

How do these things work when it comes to the final day do they only get the value on that day or is it the original value?

Wasps would have to repay the full bond at £35m (probably through a refinance). The trading price gives an indicator of investors’ confidence in getting their money back as a general rule.

Say for example you’ve invested £100, at the end you would be eligible to receive the full £100 back plus you’re getting interest payments equating to £6.50 a year. However, there’s always the possibility of default which would mean you get nothing back. If you have that fear 4 years down the line and someone offers you £80 for your holdings, you may decide that you’ll cash in to avoid the risk of losing your initial investment.

Of course, there are other reasons that people would sell for below face value, but that scenario above is the general rule.

 

[Grendel]

Wasps would have to repay the full bond at £35m (probably through a refinance). The trading price gives an indicator of investors’ confidence in getting their money back as a general rule.

Say for example you’ve invested £100, at the end you would be eligible to receive the full £100 back plus you’re getting interest payments equating to £6.50 a year. However, there’s always the possibility of default which would mean you get nothing back. If you have that fear 4 years down the line and someone offers you £80 for your holdings, you may decide that you’ll cash in to avoid the risk of losing your initial investment.

Of course, there are other reasons that people would sell for below face value, but that scenario above is the general rule.

No one of course knows if moonstone have a sizeable investment or not which would act as a buffer if the did.

Part of the £35m was to pay them back but it seems further means have been made since

 

[Otis]

My brother in law told me the other day the 3 wasps season ticket holders in his place didn’t bother renewing as it was utter torture last season and this season I sent expected or get any better.

Possibly as relegation candidate?

Ridiculous them buying ST's last time out too.

Anyone of us on here could have told them that going to Wasps games would be utter torture.

 

[Covstu]

View attachment 13059

Isn’t this the difference though, them lot looking for the day out experience and result not an issue as long as it’s entertaining whereas city fans (or football fans) are happy with any ol beer as long as the boys win

 

[ccfcchris]

This reminds me of a song...
It's coming home, it's coming home, it's coming- football's coming home.

 

[fernandopartridge]

I see they are starting to mirror CCFC fans with their retrospective reassessment of top players that have left them :

DrunkenWasps.com - Elliott Daly

 

[CCFC54321]

I see they are starting to mirror CCFC fans with their retrospective reassessment of top players that have left them :

DrunkenWasps.com - Elliott Daly

He left like the other top players simply as they are a club on the decline with no training ground, heavy in debt, declining playing squad and possible relegation fight this season.

They all left for the above reasons.

 

[oldfiver]

For those of us that dont follow rugby am i rigjt to say this wasnt a league game?
If it is the cup is it perhaps the equivalent of the Checkatrade?

They were targetting this competition as one they could progress in and (re ? ) generate interest

 

[oldfiver]

Wasps would have to repay the full bond at £35m (probably through a refinance). The trading price gives an indicator of investors’ confidence in getting their money back as a general rule.

Say for example you’ve invested £100, at the end you would be eligible to receive the full £100 back plus you’re getting interest payments equating to £6.50 a year. However, there’s always the possibility of default which would mean you get nothing back. If you have that fear 4 years down the line and someone offers you £80 for your holdings, you may decide that you’ll cash in to avoid the risk of losing your initial investment.

Of course, there are other reasons that people would sell for below face value, but that scenario above is the general rule.

If you buy @ 85 you still get 6.5% on 100 - I think that is roughly 7.6%
So if you want a gamble thats quite a high interest rate and you might get 100 back on your 85.

 

[CCFC54321]

Good luck to Northampton today from Coventry and Warwickshire.

 

[covcity4life]

So they won yesterday in a shit cup? When does league start?

How r cov rugby doing

 

[CanadianCCFC]

So they won yesterday in a shit cup? When does league start?

How r cov rugby doing

The league starts the weekend of MK away, they play on the Sunday on tv. Cov rugby won yesterday.

 

[covcity4life]

The league starts the weekend of MK away, they play on the Sunday on tv. Cov rugby won yesterday.

Looks like cov have won 5 or 6 in a row

 

[Terry Gibson's perm]

Looks like cov have won 5 or 6 in a row

That will because of Wasps when the telegraph report it

 

[Brighton Sky Blue]

Looks like cov have won 5 or 6 in a row

As many there for yesterday’s game as there were in the rest combined. A third of the way to what the insects pulled in last week

 

[covcity4life]

As many there for yesterday’s game as there were in the rest combined. A third of the way to what the insects pulled in last week

Not a rugby fan but with world cup on itd alright in highligjt form. Hope cov do well and get promoted!

Only 1 team can go up though?

 

[lordsummerisle]

A third of the way to what the insects pulled in last week

Three times more money in tickets actually paid for I expect too.

 

[Brighton Sky Blue]

Not a rugby fan but with world cup on itd alright in highligjt form. Hope cov do well and get promoted!

Only 1 team can go up though?

Correct, could be 0 if the top flight gets its way

 

[Terry Gibson's perm]

Correct, could be 0 if the top flight gets its way

No relegation is a great way to strangle itself without the jeopardy the same teams end up at the bottom and it gets more boring than it already is