chiefdave
Well-Known Member
Is the fullness of time more or less than the few days he said it would take to get sorted a couple of months ago
Wasps downward spiral... (15 Viewers)
- Thread starter CCFC54321
- Start date
jordan210
Well-Known Member
Something is going on with WASPS COMMUNITY FOUNDATION.
Wasn't this company struck of and desolated as now shows as active
Odd.
Wasn't this company struck of and desolated as now shows as active
| 03 Oct 2022 | Total exemption full accountsmade up to 30 June 2021 This document is being processed and will be available in 10 days. | |
| 03 Oct 2022 | Confirmation statementmade on 31 August 2022 with no updates This document is being processed and will be available in 10 days. | |
| 03 Oct 2022 | Administrative restoration application This document is being processed and will be available in 10 days. |
Odd.
MusicDating
Euro 2016 Prediction League Champion!!
Might be the first place to find any update -
MalcSB
Well-Known Member
Not updated despite the press release.
Gynnsthetonic
Well-Known Member
jordan210
Well-Known Member
At the moment they have only filed for an extension. Dont think it means it been granted. Hence why its not updated on baseboards yet.
Arena 2006 is new to requesting a NOI
MalcSB
Well-Known Member
Wasps holding and arena coventry limited haven't been updated (or at least no “new case activity”) and yet the new NOI for ACL 2006 is there?
MalcSB
Well-Known Member
Yes, but aren’t they saying they have been granted the extension? Or is it obfuscation on their part?
jordan210
Well-Known Member
Im sure they have been granted it. But they love weasel words so you never know. As on BBC sounds like they have asked. not been given
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skybluetony176
Well-Known Member
I just can’t see who in their right mind is willing to invest the amount of money that they need. The premiership rugby bubble has burst, I think the RFU overestimated how popular they could make it, club’s gambled too much on it believing that potential. I genuinely think that they thought they could emulate premier league football. Maybe not achieve the numbers but they thought they could grow the brand like the premier league did and they haven’t really achieved anything like that, they’ve stuck lipstick on a pig. The presentation is better but at the end of the day it’s still a pig.
Grendel
Well-Known Member
That’s another 10 days then in 10 days time
jordan210
Well-Known Member
Indeed. Wonder what group company will file a NOI in 10 days. why they try and get extensions on the others
Terry Gibson's perm
Well-Known Member
A normal investment you hope to get something back this one is like taking a big pile of cash throwing petrol on it and setting it on fire.
Gynnsthetonic
Well-Known Member
They could come under investigation then if they keep doing it
hutch1972
Well-Known Member
Does a court have to agree to any extension if a deal is close to agreement? They may ask what can you do in ten days that you have failed to do in 6 months.
duffer
Well-Known Member
My understanding is that the court doesn't have to agree if it thinks the NOI extension process is being abused.
So, for instance, HMRC could (and I suspect would) step in if they thought Wasps were just kicking the can down the road without any real possibility of resolving the problem. At that point Wasps would have to go into formal administration.
The bondholders could likely also do this if they could persuade the Trustee to act.
vow
Well-Known Member
Whats an NOI?
What is a Notice of Intention (NOI) to appoint administrators?
A Notice of Intention to appoint an administrator will halt any legal action from creditors, giving you time to rescue the business from liquidation.
www.begbies-traynorgroup.com
Flying Fokker
Well-Known Member
So what’s this about? All I see is enthusiasm.
chiefdave
Well-Known Member
all I see is desperation, they want a big crowd in to showcase to any potential investor and ticket sales aren't exactly spectacular. We all know how they hype themselves up, you can see them telling potential investors what a massive club they are and then they turn up to see a stadium full of empty seats.
jordan210
Well-Known Member
Remember this game they are also giving free tickets away to blue light holders. So they are throwing everything at it
vow
Well-Known Member
All CBS employees have been sent free tickets also.
You mean they cant sell tickets for the 30 odd rows available in the whole stadium
stupot07
Well-Known Member
Out of interest Which blocks have they blocked out for free tickets?
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jordan210
Well-Known Member
MalcSB
Well-Known Member
Are you sure?
jordan210
Well-Known Member
99% judging by there are now single tickets randomly in the middle