Wasps downward spiral... (49 Viewers)

[Nick]

No coincidence that Coventry Views was in with Gilbert trying to get somebody sacked and loves to bang on about "stooges".

I think people at the Trust should keep looking to see who else is involved with their shite.

 

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[Grendel]

For a 'parody' account this person isn't worth giving any time of day surely? Active since April 2019 with only 65 followers, pretty embarrassing.

Someone who was on the trust board and They knew he did this sort of thing

 

[Nick]

Someone who was on the trust board and They knew he did this sort of thing

They would have let him carry on if they weren't shamed time and time again.

 

[HuckerbyDublinWhelan]

Basically the Sky Blue Trust propaganda wing... Dominic Cummings would be proud

 

[Sick Boy]

It's not even a proper parody account, it's just someone who is unhinged and has an unhealthy obsession with Grendel.

 

[Grendel]

It's not even a proper parody account, it's just someone who is unhinged and has an unhealthy obsession with Grendel.

He is a very angry and rather strange individual

 

[CCFC54321]

I see the waspagraphs been at it again today...

 

[chiefdave]

I see the waspagraphs been at it again today...

The council as well. Only a few weeks ago they turned down an application for a hotel 500 metres away from where this application is due to traffic congestion and taking business away from the city centre yet they're quoted in the Telegraph saying "a hotel has always been part of the plan".

 

[chiefdave]

 

[Nick]

I am sure he wasn't involved though and didn't know a thing about it...

 

[Liquid Gold]

They’ve bumped into someone who knows what they’re doing and has the time to do it in Henley.

 

[Skybluemichael]

Question, if wasps go bust/ administrations would ccfc be able to buy the stadium out of admin at a %of the value or is that only open to people they owe money to eg bonds holders, banks, ccc, wasps themselves?

 

[Flying Fokker]

They’ll do a SISU stitch up. Carry the debt and continue trading with the debt.

 

[Skybluemichael]

That’s what I was thinking, I can not see sisu end game if the EC goes their way they don’t benefit from it, prob could sue ccc for losses? But still wouldn’t have a ground

 

[Grendel]

Question, if wasps go bust/ administrations would ccfc be able to buy the stadium out of admin at a %of the value or is that only open to people they owe money to eg bonds holders, banks, ccc, wasps themselves?

The lease is returned to the council on its original terms

 

[Skybluemichael]

The lease is returned to the council on its original terms

Thanks, so there is no chance of sisu getting their hands on the stadium on the cheap, or could they sue them for losses and get given the stadium as compo, also if they can’t refinance the bonds don’t the bond holders own the stadium or does it not work out like that

 

[Grendel]

Thanks, so there is no chance of sisu getting their hands on the stadium on the cheap, or could they sue them for losses and get given the stadium as compo, also if they can’t refinance the bonds don’t the bond holders own the stadium or does it not work out like that

No it goes back to the council on the original lease this is clear in the bond holder prospectus

 

[Skybluemichael]

The bonds sound like a risky investment with no security, what was stopping wasps from getting the bond money and just not pay anything out

 

[Grendel]

Club aims to raise £35m from bond

 

[Grendel]

The bonds sound like a risky investment with no security, what was stopping wasps from getting the bond money and just not pay anything out

That’s hardly likely is it - it has a price on the bond market and wasps are claiming to fund the shortfall and interest payments

 

[Skybluemichael]

Club aims to raise £35m from bond

Thanks for this I can never find what I’m looking for in search thing, so it’s no skin off the ccc nose if wasps go bust in fact they benefit because they get to sell the same thing twice

 

[Grendel]

Thanks for this I can never find what I’m looking for in search thing, so it’s no skin off the ccc nose if wasps go bust in fact they benefit because they get to sell the same thing twice

Er no as they then have a loss making vehicle on an unsaleable short term lease and will face significant questions as to how they supported the project in the first place. It’s losses would quickly dwarf the sale price

 

[CCFC54321]

A little warning for CCC and how this is all playing out as the main players involved will be reading this forum. Something doesn’t appear right here and I’d strongly suggest who ever is involved in the CCC making these decisions with Wasps have a good think that everything is above board and no repucusions can come there way as a lot of people are watching carefully to ensure all is above board.

 

[Sick Boy]

Wow that’s a major shock!

 

[CCFC54321]

More freebies fluttering around work again today. Interesting the people who took up the offer last time not interested this time around!!!

 

[jordan210]

With the amount of free tickets and currently the lack of uptake. you would be feeling pretty pissed being a season ticket holder who had actually paid to watch wasps.

 

[Liquid Gold]

Pitch looking great

 

[Brighton Sky Blue]

With the amount of free tickets and currently the lack of uptake. you would be feeling pretty pissed being a season ticket holder who had actually paid to watch wasps.

To be honest you'd have to be pissed to want to go

 

[Terry Gibson's perm]

Pitch looking great

Good work by my old mate Shirl

 

[Sky Blue Harry H]

Good work by my old mate Shirl

Don't tell me you know him too - worked with him for a good few years!

Incidentally 9.503 attendance v Gloucs.

 

[Terry Gibson's perm]

Don't tell me you know him too - worked with him for a good few years!

Incidentally 9.503 attendance v Gloucs.

I used to play cricket with him and his brother at a Bedworth.

 

[Sky Blue Harry H]

I used to play cricket with him and his brother at a Bedworth.

Fair play - played footie with them both (both rubbish - sorry Yid and Mark, should have stuck to cricket!) Good lads the pair of them.

 

[Liquid Gold]

Don't tell me you know him too - worked with him for a good few years!

Incidentally 9.503 attendance v Gloucs.

6,000 down on last year. Safe to say if we were there this year our crowds would be dwarfing theirs.

 

[Terry Gibson's perm]

Fair play - played footie with them both (both rubbish - sorry Yid and Mark, should have stuck to cricket!) Good lads the pair of them.

Yid is the better cricketer he used to take a pile of wickets every season.

 

[chiefdave]

6,000 down on last year.

That's the key figure there, that's a huge drop off. And off the back of a couple of wins. And lets be honest nobody is looking at those pictures and believing 1 in 3 seats is occupied.