Wasps downward spiral... (35 Viewers)

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Evo1883

Evo1883

Well-Known Member
Sat here patiently waiting for it to go really really wrong for them
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Liquid Gold

Liquid Gold

Well-Known Member
HuckerbyDublinWhelan said:
My man is definitely on the banter bus. Sees HuckerbyDublinWhelan say “charge the club more”

and here we go…..

own up then - which one of you is Shugs
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Shows they're an embittered city fan who abandoned us in our time of need and will die on Wasps' hill

Their cultural knowledge of us is the PL years when they probably popped up HR on the reg.

These scumbags are the worst of the worst.
 
MusicDating

MusicDating

Euro 2016 Prediction League Champion!!
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I mean Wasps definitely haven't been disastrously run financially...

Merging with QPR is the future! - https://qprreport.proboards.com/thread/4040 (familiar sounding quote from Dallaglio ' "It would provide us with the best stadium facilities in the country and help us go into the new era of professional rugby in the right environment to produce a trophy-winning side.")

Ah. Well moving to Wycombe will fix everything! - (20 years later, you could simply replace Wycombe with Coventry in this article) - Wasps agree ground share with Wycombe.

It's going so well, we'll extend the deal! - Wasps extend the groundshare deal (Suspiciously familiar from Dallaglio "Having a fantastic stadium to play in is of huge importance. We've won four trophies in two years at Wycombe and that says everything you would want to say.")

Oh! - London Wasps: From European Champions to Administration Nightmare

No worries, let's just change our name and move to Cov!...

They dragged their fans to Loftus Road, Wycombe and Coventry. I really have very little sympathy for them.
 
Liquid Gold

Liquid Gold

Well-Known Member
Flying Fokker said:
What if SISU hold a large number of bonds? Anyway, SISU know what to do don’t they? Hopefully they would play a better hand than last time.
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Sisu could have bought a large number of bonds when they were being sold at 40p in the pound. Then they could not only get ownership of the stadium on the cheap most of the money they pay for it would actually go to themselves anyway. If Wasps refinance then they make a buck.

Unfortunately there is no evidence that there was any significant trading in them that would mean sisu could affect any outcome.
 
fernandopartridge

fernandopartridge

Well-Known Member
You have to smile at the average Torygraph reader, obsessed with wokery

Go woke, go broke. As a life long Wasps supporter I was enraged when the Wasps board took it upon themselves to complain to the RFU about the Exeter Chiefs ‘appropriation’ by their Indian mascot. What woke bilge. So there is some considerable satisfaction in seeing their financial woes now.
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O

oldfiver

Well-Known Member
Liquid Gold said:
Sisu could have bought a large number of bonds when they were being sold at 40p in the pound. Then they could not only get ownership of the stadium on the cheap most of the money they pay for it would actually go to themselves anyway. If Wasps refinance then they make a buck.

Unfortunately there is no evidence that there was any significant trading in them that would mean sisu could affect any outcome.
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I don't think a large holding would give them any preferential discount on the Arena sale

I assume an LPA Receiver would be appointment would be made who has a duty to get the best price available

The most likely large Bondholders are "Friends" WASPS looking at the 6.25% returns or Insurance/ Pension Funds
 
Liquid Gold

Liquid Gold

Well-Known Member
oldfiver said:
I don't think a large holding would give them any preferential discount on the Arena sale

I assume an LPA Receiver would be appointment would be made who has a duty to get the best price available

The most likely large Bondholders are "Friends" WASPS looking at the 6.25% returns or Insurance/ Pension Funds
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It would give them a discount in that they would essentially be paying money to themselves.
 
O

oldfiver

Well-Known Member
Liquid Gold said:
It would give them a discount in that they would essentially be paying money to themselves.
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But they paid out in first place if they bought bonds. I suppose if they bought a block at 40p and got 100p they will have a profit of 60p

However to do that they would have to redeem all the remainder at 100p

But unless they bought off market it didn't happen anyway
 
O

oldfiver

Well-Known Member
Anyone watching ADVFN should check today's posts

One Bondholder suggesting going against Richardson personally if they lose out with WASPS! Interesting - OSB def one for you!
 
Gynnsthetonic

Gynnsthetonic

Well-Known Member
oldfiver said:
Anyone watching ADVFN should check today's posts

One Bondholder suggesting going against Richardson personally if they lose out with WASPS! Interesting - OSB def one for you!
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Richardson is starting to come under scrutiny, the bond holders are stuck and have virtually no correspondence from anybody. Not sure weather Richardson could face legal proceedings the longer it drags on
 
Sky Blue Harry H

Sky Blue Harry H

Well-Known Member
Grendel said:
i hate champagne the only reason I’m still alive is the only alcohol I like is in a pint glass - I can just about tolerate a small amount of whiskey but every wine I’ve had I hate
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We hate every whine you've had too, G ;) 🍷
 
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