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  1. O

    Wasps going into admin & the impact on CCFC

    https://www.telegraph.co.uk/rugby-union/2022/09/16/ealing-given-promotion-boost-rfu-announces-stadium-criteria/
  2. O

    Wasps downward spiral...

    https://m.facebook.com/story.php?story_fbid=pfbid02zZaXxsP53jvCgBDGX1Hv7S3YSEJuVZzbPJiEQZoqgNCnp3b7179xhCuMhPcrzbQxl&id=12083590956&__tn__=%2AW-R#1311525956255332
  3. O

    Mortgage Question

    Mine went from 4.5% to 16%. I had to strike a deal to roll up some of the increase. Still paying it off!
  4. O

    Wasps downward spiral...

    https://www.begbies-traynorgroup.com/articles/insolvency/what-is-a-notice-of-intent
  5. O

    Wasps going into admin & the impact on CCFC

    at least 3 conditions - probably more Proof of Solvency All regulatory matters are up to date (eg Accounts ) A current audited financial statement
  6. O

    Wasps going into admin & the impact on CCFC

    Remember the Trustee acts for the Bondholders. I don't know if he has to take a vote to make his decision on a redemption price or he can apply his discretion
  7. O

    Wasps going into admin & the impact on CCFC

    3.25% every six months
  8. O

    Wasps going into admin & the impact on CCFC

    Only with CCC support ? They cannot allow it to fail except as last resort
  9. O

    Wasps downward spiral...

    https://caseboard.io/cases/?prod_caseboard_cases%5Bquery%5D=arena
  10. O

    Wasps going into admin & the impact on CCFC

    Try and understand this 🤪 https://www.rollits.com/news/articles/the-10-day-notice-of-appointment-moratorium-when-does-the-bell-toll/
  11. O

    Wasps going into admin & the impact on CCFC

    I'm hearing rumours that Wasps may have asked for a 10 day extension to the NOI? Can anyone confirm this. The Trustee seems to me to have one goal only, and that is to protect their own interests. I have remonstrated with them at length about the fact that the offering circular clearly states...
  12. O

    Wasps going into admin & the impact on CCFC

    They have to show the extension is part of going into Receivership - not a simple "can we have more time"
  13. O

    Wasps downward spiral...

    HMRC never go back on payment plans unless tax payer defaults on terms How much is HMRC debt compared to other total debts? How much did they get from PRL/DCMS to cover alot of their shortfalls?
  14. O

    Transfer Rumour Kasey Palmer - Confirmed

    Except they did not receive one confirmed offer?
  15. O

    Wasps going into admin & the impact on CCFC

    Actually they have to show there is an intention to go into Administration and the route. They cannot just apply to extend on the grounds they are looking for a resolution
  16. O

    Wasps going into admin & the impact on CCFC

    Unless the Bond Holders act quickly - WASPS and ACL could go into Admin and the IP could propose a CVA So do not get too excited!
  17. O

    Wasps going into admin & the impact on CCFC

    None of the Companies are in Administration
  18. O

    Wasps going into admin & the impact on CCFC

    "Business days " excludes weekends and bank holidays https://www.rollits.com/news/articles/the-10-day-notice-of-appointment-moratorium-when-does-the-bell-toll/
  19. O

    Wasps going into admin & the impact on CCFC

    There are some serious US companies looking at rugby union as a franchise opportunity . They will try anything as they have the backing for a gamble
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