Wasps downward spiral... (70 Viewers)
- Thread starter CCFC54321
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D
Deleted member 5849
Guest
Yeah can't argue with that. It is entirely possible to find both sets of owners morally (and, seemingly, financially!) bankrupt!
Terry Gibson's perm
Well-Known Member
Oh they are back on the shortchange a kids charity bit again, I wonder how much London Wasps have raised through giving back part of the ticket money in an empty stand.
Nick
Administrator
Anyone else getting a massive sense of deja vu here?
Yep, it's really weird.
Wasps are in the shit, the get out PR is "it woz SISU".
The only thing is, many more people see straight through it now.
Gynnsthetonic
Well-Known Member
Is Chris West still working for CCC, and who is James Alexander?
Grendel
Well-Known Member
The last link got pretty ugly then again this isn’t a lot better
He’s this guy from Australia
Phase 2: Operation SISU Out
Whilst it's great to be home, the question remains: do SISU/OTIUM have the appetite to invest what is required to benefit the long term future of the club? I remain unconvinced. SISU will hang around like a bad smell until someone returns them their losses. The return to the Ricoh...
www.skybluestalk.co.uk
Gynnsthetonic
Well-Known Member
Hopefully that's good news for us if these two have started spouting out
Liquid Gold
Well-Known Member
So now it's sisu's fault that wasps moved halfway across the country and overleveraged themselves?
These morons will never give it up.
These morons will never give it up.
Gynnsthetonic
Well-Known Member
Perhaps they now know Wasps are really in the shit that they are blaming Sisu now. The overdue bond repayment is due next week, I can't see it happening myself
D
Deleted member 5849
Guest
I enjoyed the first link you put up! Tell you what, bigfatron is worryingly close to now being a SISU fan... he's in Meatloaf territory currently.The last link got pretty ugly then again this isn’t a lot better
He’s this guy from Australia
Phase 2: Operation SISU Out
Whilst it's great to be home, the question remains: do SISU/OTIUM have the appetite to invest what is required to benefit the long term future of the club? I remain unconvinced. SISU will hang around like a bad smell until someone returns them their losses. The return to the Ricoh...
tisza
Well-Known Member
But he doesn't see the double standard of the second team needing a bailout to pay its bills without having to give up its rights to the stadium like the first club did.
Liquid Gold
Well-Known Member
If I was sisu I'd publicly be asking for £13m to help with the club recover from covid.
Makes wasps' request seem idiotic and means the WMCA are unlikely to approve both.
Would probably piss them off but it isn't a court case so they couldn't kick us out.
Might make other clubs do the same and show it for the sham it is.
Makes wasps' request seem idiotic and means the WMCA are unlikely to approve both.
Would probably piss them off but it isn't a court case so they couldn't kick us out.
Might make other clubs do the same and show it for the sham it is.
HuckerbyDublinWhelan
Well-Known Member
Re: value of the stadium - isn’t this scenario in some perverse way proving SISU right?
skybluetony176
Well-Known Member
I would think in some way yes but you also have to consider that the bond didn’t just pay of the historical debt in ACL, it also paid back debt to Wasps owner and was used to pay the interest on the debt on the bonds it in itself created as interest.
Sky Blue Pete
Well-Known Member
Glad there’s no borrowing against the arena. Ccc did well to avoid that
Nick
Administrator
Grendel
Well-Known Member
What does that even mean
duffer
Well-Known Member
And the remaining 37p went towards making them the richest, most successful, and best-supported club in the world, obviously.
Earlsdon_Skyblue1
Well-Known Member
Chris West shouldn't be at least. Take a look at the payout he got when 'leaving'.
Coventry council top earners still get over £2m – and one got £500k golden handshake
FOURTEEN Coventry City Council unelected executives still receive six-figure remuneration - despite years of cuts, pay freezes and job losses.
coventryobserver.co.uk
shepardo01
Well-Known Member
Gynnsthetonic
Well-Known Member
Also suggesting that Wasps are moving to the Alexandra Stadium after the Commenwealth Games
shepardo01
Well-Known Member
These lot fought really hard to keep hold of the centre for public usage, and ultimately got shafted by their own local councillors. (Guessing they fell for the schmoozing from Eastwood etc)Also suggesting that Wasps are moving to the Alexandra Stadium after the Commenwealth Games
Felt really sorry for them to be honest.
But once a Wasps director magically appears on the board of the selling organisation and then starts "engaging" with the local council... we know what will happen!!
HuckerbyDublinWhelan
Well-Known Member
Wishful thinking that. What we reckon? They’re busting ACL and selling the lease unecumbered to SISU?Also suggesting that Wasps are moving to the Alexandra Stadium after the Commenwealth Games
Sky Blue Pete
Well-Known Member
Joke
Sky Blue Pete
Well-Known Member
They didn’t want sisu to borrow money against the arena so sold it to wasps who wouldn’t do that sort of thing
fernandopartridge
Well-Known Member
CCFC Holdings share in ACL was sold to the Higgs Charity as collateral for paying off some debt CCFC H owed to Higgs et al.
Kneeza
Well-Known Member
yes, correct. RJC is Ron Collins, and Al is his offspring. Huge platefuls of chips, both of them.
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Nick
Administrator
Strange, he has been putting Leicester Tigers articles out.
Frostie
Well-Known Member
He's still writing about Wasps too, just no mention of any of the financial issues... Strange. Almost like it's being deliberately avoided...
Gynnsthetonic
Well-Known Member
His twitter account has been non stop Leicester Tigers, seems a bit overkill to me
Gynnsthetonic
Well-Known Member
That's his only article in weeks, he's done more on CRFC