Sky Blue Pete
Well-Known Member
I bloody well hope people with more influence than me are speaking to both parties to get them talking about a solution!!
Come In Andy Street!
Come In Andy Street!
I said best case, not most likely!How can we take ownership of the pitch?
What happens if they want a concert on?
It's like saying you own a carpet in a house
I bloody well hope people with more influence than me are speaking to both parties to get them talking about a solution!!
Come In Andy Street!
How is a new pitch a solution for the next couple of months????? He is independent of both parties and may have some influenceDoes he re-lay pitches in his spare time free of charge?
That would be a shite deal for us.I said best case, not most likely!
How is a new pitch a solution for the next couple of months????? He is independent of both parties and may have some influence
And you can stick to that story if you likeHe'll have zero influence. I still think it was laughable that he was hailed as some kind of vital mitigator at the time of the Ricoh return between Wasps and the Club.
The two parties came together because there was no choice. Not because of Andy Street.
I can’t see a better outcome really? Ideally you’d want wasps to fulfil their obligations and have a harmonious relationship but based on what SBB said that isn’t going to happen.That would be a shite deal for us.
I bloody well hope people with more influence than me are speaking to both parties to get them talking about a solution!!
Come In Andy Street!
Talk us through how that works?Off the back of believers comments
Im preparing for us to be leaving the CBS again in the very near future
Nothing is beyond discussion it’s the only way anything gets resolved
Talk
Talk us through how that works?
I can’t see a better outcome really? Ideally you’d want wasps to fulfil their obligations and have a harmonious relationship but based on what SBB said that isn’t going to happen.
They dont have a pot to piss in to repair the pitch
Without a pitch we cant play
Yes. All the councillors who said it was amazing move should stand in broadgatr to explainAnyone have any idea of a solution
Could we pay for a pitch - noCould we pay for a pitch? Possibly
Would efl allow us to? They’ve been very accommodating so maybe but not certain
Can we move to another ground this season? Unlikely surely these things take time
Will the pitch be playable by next Tuesday? Unlikely
Liking the optimism is it based on facts . How does one comprehend the upheaval of 13200 season ticket holders being accommodated or refunded?Could we pay for a pitch - no
Would efl allow - yes
Can we move mid season - yes
Will the pitch be fit next week - yes
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pitch likely to be playable, shit but not dangerouseLiking the optimism is it based on facts . How does one comprehend the upheaval of 13200 season ticket holders being accommodated or refunded?
Well then no need to move and we just need to get an agreement on pitch maintenancepitch likely to be playable, shit but not dangerouse
Just predictions really. Can't see the pitch being deemed unplayable by the EFL next Tuesday. Robins may not be happy but surely it'll be onLiking the optimism is it based on facts . How does one comprehend the upheaval of 13200 season ticket holders being accommodated or refunded?
I think they'll find it difficult as my understanding of a CVA is they'll need 75% of bond holders to agree. If one of the major bond holders decide they are more likely to reduce their loses by putting Wasps into liquidation and regaining some value from the sale of the stadium.If they really are raising a CVA they are at least attempting some restructure - they are not paying for anything
Well then no need to move and we just need to get an agreement on pitch maintenance
Ha ha ha ha ha..,,fucking haFrom bondholders forum
coley88
10 Aug '22 - 14:05 - 791 of 792
bigfish1
10 Aug '22 - 16:05 - 792 of 792
laurence.griffiths@usbank.com
cc. CDRM@usbank.com
cc. chris.hobbs@usbank.com
US Bank Trustees Limited (in its capacity as Issuer Security Trustee) 125 Old Broad Street London EC2N 1AR
Actually as it turns out, we may all need to go through our brokers as most of us are actually 'beneficial owners' and not legal owners. Our bonds are held for us in trust by the broker.
Just to be clear, Wasps Finance and Wasps Hodings are insolvent, we know this because they have defaulted on the bond. The consent solicitation is a CVA (Company voluntary arrangements) whereby an insolvent company seeks to reach an agreement with its creditors to prevent itslef having to go into liquidation. As we know, it requires 75% of bondholders to agree to any arrangement. We all need to get in contact with our brokers and make sure they keep us informed and know our wishes. Personally, unless they come up with a very convincing plan for repayment in a fairly short space of time, I am for selling the arena/liquidation. The amount of money they have lost, since well before the pandemic is astonishing. They also have added a further 20 million loan from Derek Richardson and sold a stake (what stake?) to CVC for 12.5 million. It's all vanished, there's nothing left. Except the stadium, whatever that's worth.
Wasp Bondholders Facebook Group: https://www.-1358371174688144
Exactly - this could lead to contagion of holders looking to cut their loses by seeking liquidationHa ha ha ha ha..,,fucking ha
And …They won’t maintain it
Where are we going?Off the back of believers comments
Im preparing for us to be leaving the CBS again in the very near future
How many do you think will ask for refunding out of that 13200 .I would be 1 and think I would be in the majority group .No way is that an option due to our "financial postion".Liking the optimism is it based on facts . How does one comprehend the upheaval of 13200 season ticket holders being accommodated or refunded?
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