I agree they're trying to mitigate a potential huge loss but you'd still be concerned if you were a bond holder, especially as the official line has always been that sisus actions are frivolous.
You keep saying the feelings of football supporters won't affect the bonds performance and I agree, but wasps recent actions and the noise around this saga definitely will. In the middle of the pandemic when most companies incomes have taken a hit including theirs they've just turned away what I'd imagine (and I think it's safe to say), a decent income stream.
Question is how much the actions lose you, anyway. Even if frivolous, you'd lose stadium sponsorship etc because any potential suitor would be worried about the just in case bit, the smoke and fire element. We had similar in the runup to the judicial reviews - that the fact they were allowing the case to be heard meant SISU could be right after all... couldn't they?
They weren't.
tbh, I'd be amazed if the Wasps deal wasn't AOK, as much because by that point, the parties involved knew they were dealing with a litigious opponent. I could see a case where maybe the original ACL deal had flaws, as there wasn't that issue then, but it turned out nope, there weren't. And if SISU did win this complaint, or any further ones, you'd be suing your lawyers in turn, and trying to make them homeless in vengeance for their inept advice!
If the income stream was decent, you'd take it, wouldn't you? Altough I've always thought it's better for Wasps if they can drive us out and not have us there, not much competition for the floating fan in the city then. Now, that's where PR comes in handy. It's interesting at work though, SISU's actions, for better or worse, have alienated some sufficiently that there's no smoking gun you could fire - all the more so as they can (rightfully, in many respects) point out that to a degree it's be careful what you wish for, as SISU started this chain off (we can argue the nuance there, too, of course!).
As you say, the noise around this saga might have an effect around bond price. If you were wanting to continue your strategy of distressing companies so there ends up a vacant stadium, a bit of noise is no bad thing. In which case, where to the Warwick Uni football ground and, aren't we in the same circles we've been in before?
I'd really, really love to break those circles tbh. Now, one way is SISU actually win a case,,, but then we'd have an appeal or two to follow, so not the end of it! The faster option is probably building a new ground(!) But we have to actually start that, of course. Be great if we could break that circle and actually get one moving. Then, we don't have to worry about Wasps shouting drop the legals, we can legal away with little consequence to us as a club, or fanbase! Until we get an alternative, though, there's a *massive* consequence.
