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Am very disappointed because work has got in the way and i cant now go this evening. Fingers crossed for a win, see no reason why we cant. Need the lads to win as well to shut my PNE mate up and stop him being smug as we never seem to beat them! 1 nil win CCFC (y) Come on City PUSBs

I think there is more to the "model" problem than first team players being able to be sold on at a higher fee. My understanding was that a big chunk of the "model" was developing our own players to a point that they come in to the first team and develop further but are capable of holding down a...

Not saying wasn't the right move it was. But then I think they gambled on a summer sale to stop the owners needing to finance ...... probably wanted some money back too

I am glad they have said something even if it raises more questions than the "answers " it apparently provides. IF the owners are providing monthly funding on what basis? Structured loans or is it pay day loans meaning they get there money back sooner than later, both ways carry high interest...

Sisu put their investors first. Always have done. Nothing has changed. They didn't get some kind of epiphany and change their culture, it is still and always has been the hard nosed ruthless financiers of a hedge fund. They have done some good things like get the finances more under control...

Could you ask whether the club has received any substantial funds (above 100k) physically in to its account in the last 6 months from the owners. Secondly have the owners paid any liabilities directly for the club in that period. Third have the owners made any additional new loans to the club...

i think you could well be right

In general yes, its to build squad value, major player sales extract funds from that then sell what's left after repaid loans & interest. However right now and the rest of this season i believe that's been parked and its all about fire fighting. The coming recession is not going to help which...

Current situation Looking from the outside I can not help but think that the club is really struggling for cash flow Yes the postponement of two fixtures hurts short term cash flow. but most of it will be recouped when those fixtures played. Rough guess I would guess £300k deferred by...

A few people have pointed to how SISU have supported the club under MR. (arrived March 2017) So some summary actual figures taken from published financial statements since 01 June 2017 to 31 May 2021 Losses in that period £10.56m Interest charged by owners and included in losses £8.42m...

If so it's a totally spurious comparison in the first place. BP Amazon etc use perfectly legal but morally poor methods to minimise uk corporation tax on profits. They then pay based on that, as far as we know on time. Wasps do not pay corporation tax because of the losses they make mean none...

Cheers 👍 Great holiday in Croatia, followed by covid, followed by loads of work to catch up on. All good but posting on this site hasn't been a priority 😊

Don't forget about Cov vs Moseley friendly today. Especially as there is no CCFC match to go to ko 3pm at the BPA 👍 That's a fixture that brings back some memories of better days for both clubs

Think you have answered your own question 🤔 wasps or sisu ...... not so different to each other

Indeed To answer yours Don't know, but restructuring would take time and perhaps clearance. If I am correct and not saying I am, then quite possibly being planned well before 31/03 The wasps holdings ltd audit report says the Auditors have audited the company AND its subsidiaries. You...

Application probably needs involvement of both and then there are legal claims as to who is responsible for what. Freeholders cannot make major alterations without close involvement of a leaseholder The rest I don't think the non filing of the ACL accounts is about the bond. I think they are...

So long as they keep companies house informed they can string it out for months. Look at Derby County the last accounts they filed was 2018! There will be financial penalties but for multi million pound business its nothing much. Unlikely to affect ability of directors to stay in office

Is what is going on with ACL sub group about the bond debt though ? Or is it about other liabilities that run in to millions. Reduce those liabilities by losing those ACL companies and the whole group is more viable. Bond holders are secured on the lease where ever it sits aren't they because...

So what do we know Interesting that acl companies are the only ones with charges from compass. Wasps holdings and finance don't. Each of acl , acl 2006 wasps holdings and wasps finance secure the bond Insolvency value of the lease would be well below current value. Wasps finance the...