CBS issues (1 Viewer)

[Grendel]

I have not a great knowledge of liquidation or administration so appreciate someone knowledgeable thoughts - Ts the rumor in the telegraph says that CCFC will put a claim in for lost revenue and the covering of a potential large fine from the ELF - How are wasps going to pay this in there current circumstances including chipping in for the pitch ? Could CCFC put wasps into liquidation/administration ? Will CCFC ever get any of the claim back if wasps went into Liquidation/administration ? If wasps go into liquidation/administration change there name to say Wasps 2 and start again no debt - would the council dare give them another lease under a new company name if the stadium was once again up for grabs and they offered more for the stadium

It would be an unsecured claim we’d get nothing

It’s not a case of wasps 2 it’s if the wording in the default clause allows moonstone a claim over the council

 

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[Old Warwickshire lad]

Wasnt the gas club one ?
They used to have wasps flags flying out the front. Theyve now been taken down

Big CCFC following in the gas club. Great lads and pissheads.

 

[COVKIDSNEVERQUIT]

I've seen the video today of the pitch being repaired, looks like they have a water cannon to soften the pitch up.

 

[LastGarrison]

There is a list of pubs in Warwickshire and Coventry on the wasps website that are affiliated to them

Interestingly only two in Cov:

Affiliate Pubs

www.wasps.co.uk

 

[rexo87]

Interestingly only two in Cov:

Affiliate Pubs

www.wasps.co.uk

Shame that, Black Pug is lovely and was in their garden yesterday. Will struggle to go in now though knowing its affiliated to them lot!

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[Deleted member 5849]

Interestingly only two in Cov:

Affiliate Pubs

www.wasps.co.uk

The really annoying thing with that is that the Cape of Good Hope is a bloody good pub!

 

[LastGarrison]

The really annoying thing with that is that the Cape of Good Hope is a bloody good pub!

I’m more surprised that the Wheatsheaf isn’t on there!

 

[Sky Blue Harry H]

Shame that, Black Pug is lovely and was in their garden yesterday. Will struggle to go in now though knowing its affiliated to them lot!

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Ditto (in addition, my wife has recently suggested walking along the canal to visit The Cape of Good Hope)
Will have to do do some discrete defacing of anything Wasps related.

What does it (affiliated) actually mean though in a practical sense ? - Not sure I've noticed a TV in The Black Pug for watching rugby?

 

[Alkhen]

For anyone interested here a link to a brief explanation of the pitch fixing process and benefits of the work being done on the CBS

 

[You'll Never Beat McPake]

Looks like something from Thunderbirds

 

[AOM]

For anyone interested here a link to a brief explanation of the pitch fixing process and benefits of the work being done on the CBS

Looks a right tank. Can it play centre back?

 

[Alkhen]

Looks like something from Thunderbirds

Looks a right tank. Can it play centre back?

Don't think it's is the exact one we are using but same process, the one at the CBS is a bit smaller, that said Man U just spent 50m on a 5ft9 centerback so get pitch bot in our back 3

 

[Calista]

Looks like something from Thunderbirds

Thunderbird 7. International Rescue’s new service, responding to urgent distress calls for replacement of life-threatening divots. I can hear the music now!

But how do they deploy it? I think it would need to move a bit quicker to achieve take-off from that ramp that Thunderbird 2 used.

 

[usskyblue]

The start to our season…

 

[usskyblue]

Looks like Wasps are fucked..

 

[Ashdown]

Interestingly only two in Cov:

Affiliate Pubs

www.wasps.co.uk

The Bull and Anchor would do well to dispense with that bullshit status . I’ve had to cancel two tables there this season already…….reason I put for cancellation on the E mail…..blame London Wasps !

 

[Nick]

The Bull and Anchor would do well to dispense with that bullshit status . I’ve had to cancel two tables there this season already…….reason I put for cancellation on the E mail…..blame London Wasps !

Yep. I'm sure they will realise there's much more from ccfc.

 

[robbiethemole]

For anyone interested here a link to a brief explanation of the pitch fixing process and benefits of the work being done on the CBS

Like I said before, it's a magical beast that defies the likes of us understanding, run by wizards and pitch faries

 

[Bad Boy]

Does anyone have any video footage of how the repairs are going or is the CBS completely off limits to all other than those that need to work on it?

 

[Deleted member 2477]

 

[Calista]

I guess that's robbiethemole?
Nice boots robbie

 

[robbiethemole]

I guess that's robbiethemole?
Nice boots robbie

I wish my pecs were still that good hahaha

 

[Skybluedownunder]

In the Sunday telegraph today it will state The amount of taxpayers' money poured into Premiership Rugby clubs to stop them going bust has more than doubled initial estimates to reach £124m.


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[Otis]

'We raised £600,000 in three-and-a-half weeks'

Tonbridge have waited an extra couple of weeks for the first game on their 3G pitch but in reality the club are way ahead of schedule.

www.kentonline.co.uk

 

[Grendel]

Staggering really

Premier League clubs get £124m in taxpayer money

texttospeech.uk

 

[Skybluebeliever]

Staggering really

Premier League clubs get £124m in taxpayer money

texttospeech.uk

There was also 200 million paid by CVC venture capitalists when buying a minority share into the rugby premiership . In return for voting this through. each club were given a share . I think there were rules on what this could be used for though . Wasps used this to fund the training ground at Henley I’m sure

I think there could be time bound covenants in place on any future sale

 

[Grendel]

There was also 200 million paid by CVC venture capitalists when buying a minority share into the rugby premiership . In return for voting this through. each club were given a share . I think there were rules on what this could be used for though . Wasps used this to fund the training ground at Henley I’m sure

I think there could be time bound covenants in place on any future sale

interesting if they did use it for that as they never owned it

 

[MalcSB]

There was also 200 million paid by CVC venture capitalists when buying a minority share into the rugby premiership . In return for voting this through. each club were given a share . I think there were rules on what this could be used for though . Wasps used this to fund the training ground at Henley I’m sure

I think there could be time bound covenants in place on any future sale

If so, it’s odd that (a) it was never wholly owned by Wasps and (b) is now wholly owned by a third party company (since the day of the bonds default).

 

[MalcSB]

Snap

 

[Colin Steins Smile]

If so, it’s odd that (a) it was never wholly owned by Wasps and (b) is now wholly owned by a third party company (since the day of the bonds default).

It seems as though the training ground would not be included in any list of assets in the event of Wasps holdings going into administration

 

[MalcSB]

It seems as though the training ground would not be included in any list of assets in the event of Wasps holdings going into administration

You would almost think it was part of a cunning plan.

 

[Mcbean]

In the Sunday telegraph today it will state The amount of taxpayers' money poured into Premiership Rugby clubs to stop them going bust has more than doubled initial estimates to reach £124m.


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These are supposed to be loans !

 

[Colin Steins Smile]

Another issue that arises from the postponements of games during August is the additional costs associated with the rearranged fixtures to mid-week or during the autumn/winter time.

The energy costs of having to use floodlights will be significant. I hope the club has a fix cost rental agreement that cannot be increased for energy costs.

 

[fatso]

Another issue that arises from the postponements of games during August is the additional costs associated with the rearranged fixtures to mid-week or during the autumn/winter time.

The energy costs of having to use floodlights will be significant. I hope the club has a fix cost rental agreement that cannot be increased for energy costs.

I don't think Wasps would have the balls to charge more for the lighting!
If they did, it would just add weight to SISU's legal challenge for compensation.

 

[oldfiver]

There was also 200 million paid by CVC venture capitalists when buying a minority share into the rugby premiership . In return for voting this through. each club were given a share . I think there were rules on what this could be used for though . Wasps used this to fund the training ground at Henley I’m sure

I think there could be time bound covenants in place on any future sale

It never was a WASP project but another Richardson personal offshoot (see other posts and ADVFN board)

I understand they received funding via the LEP