clint van damme
Well-Known Member
What's it about?
Wasps downward spiral... (34 Viewers)
- Thread starter CCFC54321
- Start date
What's it about?
Investments in private bonds
Blackmore Group
Grendel
Well-Known Member
She seems now to be very offended as I’ve focused on a disabled basketball team item in the media being thrown out of the Henley Centre
Highlighting disabled is disrespecting cheap journalism akin to playing a race card when it suits
Please expand on this - what was on Panorama that might influence things one way or another?
Sky Blue Pete
Well-Known Member
Does anyone in positions of power
HuckerbyDublinWhelan
Well-Known Member
Love how we’re somehow the bad guys for being unhappy that the one thing we’re paying for (the pitch) is not being provided….
Again I don’t think the issue is pitch wear and tear - it’s the fact that no work or maintenance on pitch care has been carried out full stop prior to the CWG.
Again I don’t think the issue is pitch wear and tear - it’s the fact that no work or maintenance on pitch care has been carried out full stop prior to the CWG.
SHUNT31
Well-Known Member
The mad thing is that he has posted on there about being a CCFC and Wasps supporter. Some people have such hatred towards SISU (understandable) that no matter what SISU do, they will always be in the wrong.
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HuckerbyDublinWhelan
Well-Known Member
Which I get, but you can only throw so much at SISU. They’re only directly in control of what the club do… we’re constantly told in certainty that we are tenants… when we act like tenants it’s our fault
AOM
Well-Known Member
Slowly catching up
I'm not as familiar with this story, and have seen some mention this training ground was a front?
A front for what? The land?
Liquid Gold
Well-Known Member
There's going to be some kind of Sisu style administration I think.
skybluetony176
Well-Known Member
Apparently Christopher Holland has a professional track record in risk management and disaster recovery. Not sure being involved in wasps is doing much for his professional reputation.
Nick
Administrator
Probably why he is involved in the first place.
skybluetony176
Well-Known Member
If that does happen is there going to be an opportunity for another party to acquire the stadium business without acquiring Wasps RFC?
skybluetony176
Well-Known Member
He’s been there for 5 years. He hasn’t averted this disaster. Assuming it’s not part of what was a bigger plan all along.
Nick
Administrator
Risk Management...
Naive to think Richardson is all in and is going to lose everything because of this. As said, it will be another Golden Share scenario no doubt.
Risk....Managed.
Grendel
Well-Known Member
wasps holdings never owned shares in training ground - moonstone owned the shares and Richardson sold the shares the same day the bond defaulted to Holland whose his mate
Nick
Administrator
Yeah that's what I mean, Risks for Richardson. Not Wasps.
Not while bond's are tied up from trading.
shepardo01
Well-Known Member
If the training ground is not now part of "Wasps group", but now "Epic"... does this mean, that in the event of an administration, that it would not be touched!??.....
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
Not really as has never been part of Wasps directly as I understand it.
shepardo01
Well-Known Member
Also, I have a feeling that if admin is on the horizon, they may start the season before they try to squirm out of debts/bond (hence kicking down the road) as if they do, apparently the "rugby" punishment of demotion cannot be applied once the season starts (think Kneeza posted that).....
Nick
Administrator
Yeah it's never been anything to do with it.
So in theory Wasps could go up the wall tomorrow and that's nothing to do with it. (Unless they have a lease for it....)
Grendel
Well-Known Member
There could have been a potential claim against Richardson as it’s his company (moonstone) which I believe is above wasos holdings in the convoluted company chain
the sale was on be same day as the bond default
Nick
Administrator
Yeah exactly.
As it's a private company, what's to stop him handing it to his mate until everything blows over and then him just giving it Richardson back in a couple of years? (In time for the housing)
MAFF
Well-Known Member
Wasps Rugby club being chased by HMRC over unpaid tax bill
Premiership club pursued after not paying bill and comes after it missed £35m bond scheme repayment date
www.telegraph.co.uk
SBAndy
Well-Known Member
hahahahahahahahaWasps Rugby club being chased by HMRC over unpaid tax bill
Premiership club pursued after not paying bill and comes after it missed £35m bond scheme repayment date
Gynnsthetonic
Well-Known Member
Could HMRC still not go after him as this is technically fraud and they may see it as that