rupert_bear
Well-Known Member
The Observer ?? I
It's nothing more than an avvertising rag which half the population of Coventry never receive
Another Gilbert tease. (1 Viewer)
- Thread starter Captain Dart
- Start date
It's nothing more than an avvertising rag which half the population of Coventry never receive
Ranjit Bhurpa
Well-Known Member
Seppala streaking from the Ricoh to the Council House singing The Only Way Is Up, accompanied by Giblet on an E flat tuba??
clint van damme
Well-Known Member
get up? I won't be able to sleep!
SkyBlue_Bear83
Well-Known Member
Are you trying to get a shout out in his next video?
Philosoraptor
Well-Known Member
Some interesting news may be coming out from a liquidator in the next few weeks.
Otis
Well-Known Member
Major pea soup leakage?
Philosoraptor
Well-Known Member
I'll sit and wait to see what the report says.
italiahorse
Well-Known Member
Nothing else to announce as I did that one months ago.
Anyway at 5am in the morning the only thing worth announcing would be a surprise erection.
Mind you these days the Mrs would sooner read the Coventry Telegraph.
pastythegreat
Well-Known Member
How lucky am I? On a 12 hour night shift finishing at 6am. Couldn't think of anything worse but now I have this to look forward to! Winner! I'm counting down the seconds already!!
Sent from my SM-G928F using Tapatalk
Sent from my SM-G928F using Tapatalk
westterrace
Member
That's when the papers get shipped out from the Fort to local newsagents, so effectively when they go on sale.
ccfcway
Well-Known Member
This seems most likely
letsallsingtogether
Well-Known Member
But that's old news heard that ages ago.
rupert_bear
Well-Known Member
That will cause Wasps trouble. With other things going on the Wasp,Ricoh, us scenario has been put to one side for now. Wasps need local support
fernandopartridge
Well-Known Member
It won't be about seats, I don't think changing the seats is high priority for them. Where's the return on investment for it? They're not made of money.
dutchman
Well-Known Member
So it turns out that London Wasps are insolvent as pointed out by the Coventry Observer back in April of last year? Some "exclusive" eh?
Last edited:
They aren't insolvent are they as, unlike CCFC, the value of their assets (including the Ricoh) exceed their liabilities?
westterrace
Member
A decent story from Simon and proves that Wasps need us more than they make out, I'm not sure that our bargain basement rent of £100k a year will make much of a dent in that black hole though. So perhaps that's why Wasps are playing hard ball at the moment as they want CCFC to pay more.
italiahorse
Well-Known Member
They'll just refinance it.
As long as they can pay the high interest rate investors will continue to be happy.
As long as they can pay the high interest rate investors will continue to be happy.
hutch1972
Well-Known Member
Which is ( the stadium) considerably higher than the valuation used when ccc sold it to them.
SkyBlueZack
Well-Known Member
You on overtime rate this early in the morning italia? 
dutchman
Well-Known Member
If I cant pay my debts and have to 'refinance' them, most people would consider me to be 'insolvent'. I fail to see how it's any different for a London Rugby club.
Terry Gibson's perm
Well-Known Member
What a shock I am no expert but surely anybody could have seen this coming, it is a minority sport followed by a group of rather strange folk. The arena is a money pit that was rushed and built badly and the builders got away with lots because the council were involved.
The person who has just commented about the telegraph not backing London Wasps needs to have a good luck at himself.
The person who has just commented about the telegraph not backing London Wasps needs to have a good luck at himself.
Nick
Administrator
Is the site not branded for wasps today? Ha
Astute
Well-Known Member
To refinance they would have to raise a lot of money for something that is making a loss. High risk loans comes at a high interest rate.
It is all good owning your own stadium. But it comes at a cost. And as it is too big for us where we are now it is a good thing financially that we don't own it. It would cost us about half of our playing budget for the upkeep.
Terry Gibson's perm
Well-Known Member
fernandopartridge
Well-Known Member
Atrociously written article stating the obvious that Wasps may need to refinance the bond.
Blow me down with a feather! Is that the 'solid journalism' that the narcissist was referring to?
Blow me down with a feather! Is that the 'solid journalism' that the narcissist was referring to?
SkyBlue_Bear83
Well-Known Member
Wasn't this said by nearly everyone other than wasps wankers, that they won't be able to pay this. They have to pay back 35m + interest by the year 2022, it was never feasible.
