Wasps signs have actually gone!! (9 Viewers)
- Thread starter shmmeee
- Start date
Terry Gibson's perm
Well-Known Member
At least they won’t have to do any basic maintenance as they didn’t seem to be able to do that at the cbs but could manage to build costly porches.
fernandopartridge
Well-Known Member
Who did they owe £16.5m to? The address is redacted for some reason
Grendel
Well-Known Member
I assume Richardson - the Canmago Ltd is potentially the P Share value as the bond holders believe he has a charge on tbe asset
Nick
Administrator
How are they allowed to redact?
fernandopartridge
Well-Known Member
It's quite ironic that they owe EY and Interpath significant fees, companies they probably brought in to advise on financial restructuring
fernandopartridge
Well-Known Member
Canmango is shown on the list separately
Nick
Administrator
What was the amount to the council back in the day? Was it £14m? From memory it wasn't that far from £16m?
Grendel
Well-Known Member
Yes I think that’s what the bond holders believe is security on P Share so it gets the money if the RFU buy it back - Richardson owns that as a separate entity
Grendel
Well-Known Member
The £14m is part of the £35 m
fernandopartridge
Well-Known Member
Despite the training ground being under different ownership you'd suspect there is a lot of debt relating to its general operation here - how they've got the nerve to carry on is beyond me (though i guess that's company law for you)
Nick
Administrator
The £35m is to bondholders isn't it?
Grendel
Well-Known Member
Yes the £14 m loan was rolled into the £35 m bond. Richardson got £10m back but then had to loan it back again due to continued losses
Nick
Administrator
Yeah, my thinking was if they didn't actually pay that back...
Could be Derek Richardson...?
Otium owed £155 quid.
Nick
Administrator
£106k to Worldpay too.
www.wasps.co.uk
They are owed £286k....
How do they pay for stuff for the training ground for another company? Isn't that illegal for Richardson and Holland (at that time) to have the asset but use Wasps Holdings to pay for it all?
Wasps appoint Wigley Group to create new High Performance centre
www.wasps.co.uk
They are owed £286k....
How do they pay for stuff for the training ground for another company? Isn't that illegal for Richardson and Holland (at that time) to have the asset but use Wasps Holdings to pay for it all?
Grendel
Well-Known Member
It is company law but you do have to question how directors could operate in the clear knowledge they were getting services and goods with zero ability to ever pay.
Nick
Administrator
Especially if it was for something in a completely separate company?
How can they rack up debts for stuff with the training ground but then it all just gets wiped while Holland owns both? I'd be bulldozing the c**t down.
tisza
Well-Known Member
Bit pointless. He's not hard to find. Lives near my mum.
Earlsdon_Skyblue1
Well-Known Member
One of the biggest apologist arguments when Wasps got the stadium was that SISU 'deserved it'. It was said with a pompous tone and used as an excuse for years to justify the tolerance, acceptance, and even cheek to go to Wasps matches without question.
No one can possibly say any longer that SISU conduct business worse than Wasps (quite an impressive achievement). They're an absolute disgrace.
No one can possibly say any longer that SISU conduct business worse than Wasps (quite an impressive achievement). They're an absolute disgrace.
Nick
Administrator
Trust need to applaud
Brighton Sky Blue
Well-Known Member
HuckerbyDublinWhelan
Well-Known Member
Remember when CJ said he weren’t happy about that… didn’t seem to bother him shaking hands though.
scabs the lot of them
clint van damme
Well-Known Member
Sniff?
clint van damme
Well-Known Member
Tell her to lock up her valuables.....
Nick
Administrator
They couldn't wait to brown nose them.
Brighton Sky Blue
Well-Known Member
HuckerbyDublinWhelan
Well-Known Member
Remember when we made a Sky Blue Talk statement - and the trust refuted it and actively worked against us…
said we were lying, wrong and not helping - have the trust died off yet?
said we were lying, wrong and not helping - have the trust died off yet?
David O'Day
Well-Known Member
No, cunts are still alive
HuckerbyDublinWhelan
Well-Known Member
Tried to dismiss us and shut us down from the start.
David O'Day
Well-Known Member
it's was an ego stroking exercise for them
Liquid Gold
Well-Known Member
They are dead silent then every 6 months ago some no mark announces they are on the board, get challenged by a load of people, appear to have fuck all knowledge of the past then disappear.
Sick Boy
Super Moderator
You’re brave necking a few rugger pints.