Moff
Well-Known Member
The pilot lives in Frankton and its sometimes hangered there.
Wasps downward spiral... (34 Viewers)
- Thread starter CCFC54321
- Start date
The pilot lives in Frankton and its sometimes hangered there.
duffer
Well-Known Member
I was thinking, I'd love that job. But then I realised you'd have to squeeze in next to Mike Ashley every day.
@Grendel not one of those trying to take the piss, just trying to gauge your opinion as I find you quite informative. I've seen you say a few times that you think this is to buy time for a sale of Wasps to go through. This seems really unlikely to me based on the current state of Rugby Union in this country. Do you really think they will find a buyer in the next 28 days?
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Nick
Administrator
Step up Coventry city council.
fernandopartridge
Well-Known Member
If he did, how would he get round the issue of owing 35m to bondholders and however much more he/wasps owe to creditors
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torchomatic
Well-Known Member
Gynnsthetonic
Well-Known Member
Think so
MalcSB
Well-Known Member
That is the case and it is clear in the prospectus.
Nick
Administrator
I was just confirming in case they thought the lease would be handed to CCFC.
Grendel
Well-Known Member
Not necessarily
Nick
Administrator
I wasn't questioning what would happen, I was questioning if they thought CCFC would be handed it.
lordsummerisle
Well-Known Member
Think Shugs is going to be one of those Second World War Japanese soldiers on a remote island in the Pacific refusing to accept that the war is over for the next 20 years.
shepardo01
Well-Known Member
Guessing that is what they were getting their lawyers to scrutinise as per the story yesterday??
MalcSB
Well-Known Member
The prospectus does say that court action may/ would be required given the terms of the head lease. I would imagine that is why the council is spending tax payers money to seek legal advice. On the bondholders forum someone suggest not to worry about it as courts are generally sympathetic to mortgage holders (as the bondholders are) in such cases,
Grendel
Well-Known Member
no one really seems to know the wording isn’t clear on the point of administration being triggered
Nick
Administrator
Yeah I know, I was just asking if the Bondholders were now worried the lease would be given to CCFC. (I understand why they might think it will go to the council).
torchomatic
Well-Known Member
Oh, how the Mighty have fallen. Richardson, December 2014:
He said that made the decision to takeover Ricoh firm ACL an easy one - even if it did equate to roughly £20million after he paid ACL’s partners £2.77m each for their shares and took over a £14.4m loan from Coventry City Council
In an interview with The Sunday Times, Mr Richardson said: "I’m sorry, I don’t mean to sound like Mr President but we've now got the biggest rugby club-owned facility in Europe.
"A 32,000-seater stadium, an indoor facility that can take 12,000 people standing, a hotel, a casino.
"When we looked at the year ending 2013, ACL made an operating profit in excess of £2m. In our ownership that money would be channelled into Wasps’ coffers. That’s the significance of this."
He added: “One of the most important things was a 365-day income for the club. The business needed more than my paying-in money every year.
"With the Ricoh Arena we’re now in a position to strive to be the best of the best."
Mr Richardson increased his multi-million fortune when he sold 66 per cent of online insurance company 123.ie to Royal Sun Alliance for €35million four years ago.
But despite his business success he has maintained a low profile, leading to rumours over his motives for the Ricoh takeover.
"I’ve never thought of this as something I might make profit from.
"We’ve got the chance to build something great here, making Wasps the best club in Europe, and I’m really looking forwards to standing back and seeing what we’ve got in five or seven years."
In their first game at the Ricoh on Sunday,
"I’ve never thought of this as something I might make profit from.
"We’ve got the chance to build something great here, making Wasps the best club in Europe, and I’m really looking forwards to standing back and seeing what we’ve got in five or seven years."
In their first game at the Ricoh on Sunday, Wasps beat London Irish 48-16 in front of 28,000 fans.
He said that made the decision to takeover Ricoh firm ACL an easy one - even if it did equate to roughly £20million after he paid ACL’s partners £2.77m each for their shares and took over a £14.4m loan from Coventry City Council
In an interview with The Sunday Times, Mr Richardson said: "I’m sorry, I don’t mean to sound like Mr President but we've now got the biggest rugby club-owned facility in Europe.
"A 32,000-seater stadium, an indoor facility that can take 12,000 people standing, a hotel, a casino.
"When we looked at the year ending 2013, ACL made an operating profit in excess of £2m. In our ownership that money would be channelled into Wasps’ coffers. That’s the significance of this."
He added: “One of the most important things was a 365-day income for the club. The business needed more than my paying-in money every year.
"With the Ricoh Arena we’re now in a position to strive to be the best of the best."
Mr Richardson increased his multi-million fortune when he sold 66 per cent of online insurance company 123.ie to Royal Sun Alliance for €35million four years ago.
But despite his business success he has maintained a low profile, leading to rumours over his motives for the Ricoh takeover.
"I’ve never thought of this as something I might make profit from.
"We’ve got the chance to build something great here, making Wasps the best club in Europe, and I’m really looking forwards to standing back and seeing what we’ve got in five or seven years."
In their first game at the Ricoh on Sunday,
"I’ve never thought of this as something I might make profit from.
"We’ve got the chance to build something great here, making Wasps the best club in Europe, and I’m really looking forwards to standing back and seeing what we’ve got in five or seven years."
In their first game at the Ricoh on Sunday, Wasps beat London Irish 48-16 in front of 28,000 fans.
Flying Fokker
Well-Known Member
3000 fans and 25000 free tickets.
ccfcchris
Well-Known Member
Wasps won't make same mistakes as Worcester but situation is perilous - Andy Goode
Wasps won’t make the same mistakes as Worcester but there’s no hiding from the perilous situation they find themselves in.
www.rugbypass.com
Alan Dugdales Moustache
Well-Known Member
The big house next to the two ponds I used to fish for crucian carp when I was a kid has a helicopter pad.
Alan Dugdales Moustache
Well-Known Member
This is all the more hilarious now.
Gynnsthetonic
Well-Known Member
Used to fish there in the mid 80s when at school, double red maggot and a golf ball size of groundbait every 5 minutes
Nick
Administrator
More nonsenseWasps won't make same mistakes as Worcester but situation is perilous - Andy Goode
Wasps won’t make the same mistakes as Worcester but there’s no hiding from the perilous situation they find themselves in.
Andy goode wheeled out for pr
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torchomatic
Well-Known Member
So disingenuous to suggest Wasps had no choice but to move here. They had at least two options in London, but chose to move to the Midlands of their own accord. Their hand wasn't forced as has been suggested in the past.
pipkin73
Well-Known Member
I just hope they go tits up.
I've met a few Cov based Wasps fans out here (strangely no London based ones).
Always it's, we are great and want to help you, but your owners blah blah blah.
I was actually having a drink with one before we got talking about sports, i just had to walk off (and leave my drink) as he was so full of Wasps are great, we are lucky to have them here. Even his Mrs told him to shut up.
Fuck Wasps and their Cov based fans too.
Long live SISU, oh ok too much lmao
I've met a few Cov based Wasps fans out here (strangely no London based ones).
Always it's, we are great and want to help you, but your owners blah blah blah.
I was actually having a drink with one before we got talking about sports, i just had to walk off (and leave my drink) as he was so full of Wasps are great, we are lucky to have them here. Even his Mrs told him to shut up.
Fuck Wasps and their Cov based fans too.
Long live SISU, oh ok too much lmao
Frostie
Well-Known Member
He's finally resurfaced! Changed his tune somewhat from all those tweets that he's since deleted too... Would be a shame if someone has screenshotted them....
steveo1987
Well-Known Member
Just another cut and paste article..
torchomatic
Well-Known Member
What did he used to tweet then?
Nick
Administrator
That it was all lies, I think he said people were jealous of Wasps so made stuff up about them being in trouble etc. (I think)
Grendel
Well-Known Member
Andy on the button
www.rugbypass.com
Financial turmoil and discontent at Wasps, pull the other one – Andy Goode
If you believe a certain newspaper this week, Wasps are in “financial turmoil” and there could be an “exodus” of their leading stars but nothing could be further from the truth.
www.rugbypass.com
Frostie
Well-Known Member
Yep, like Nick says, anyone criticising Wasps is jealous, they're in great financial shape etc. etc
As I say, he took the time a while ago to go back & delete them all
Andy Goode
Good to see this massive city fan is out in force with some amazing replies like "you are wrong" to people who say anything about Wasps. Having a look at his track record he doesn't seem to have got many things right...
www.skybluestalk.co.uk
Grendel
Well-Known Member
Yep, like Nick says, anyone criticising Wasps is jealous, they're in great financial shape etc. etc
As I say, he took the time a while ago to go back & delete them all
Andy Goode
Good to see this massive city fan is out in force with some amazing replies like "you are wrong" to people who say anything about Wasps. Having a look at his track record he doesn't seem to have got many things right...
That article from Dellagio is even funnier
The forum regulars trust Lozza - I said that’s what he’s wife said once - that’s a lack of respect of someone with mental health issues which is why he spent £10 grand on Coke and hookers