clint van damme
Well-Known Member
'Socialist' Lord Mayor defends tax evasion when it's his beloved London wasps. The man is an absolute embarrassment.
Kevin Maton (2 Viewers)
- Thread starter Nick
- Start date
Saddlebrains
Well-Known Member
Heres one
Maton is Shugs on drunken wasps
Maton is Shugs on drunken wasps
steveo1987
Well-Known Member
Was he educated at an independent school then? A bit of basic research shows that he is a tool all round, some of his twitter likes and retweets are something else.
Nick
Administrator
The worrying thing is, it's believable.
tisza
Well-Known Member
Wonder whether the real issue is someone a bondholder maybe ?? 
Club finances are a stick Maton and his pals frequently used to beat CCFC but apparently not applicable to Wasps.
Wasps debt seems worse than ccfc's ever was due to the larger % of external debt.
It's an ill conceived tweet that smacks of desperation.
Club finances are a stick Maton and his pals frequently used to beat CCFC but apparently not applicable to Wasps.
Wasps debt seems worse than ccfc's ever was due to the larger % of external debt.
It's an ill conceived tweet that smacks of desperation.
Nick
Administrator
Wonder whether the real issue is someone a bondholder maybe ??
Club finances are a stick Maton and his pals frequently used to beat CCFC but apparently not applicable to Wasps.
Wasps debt seems worse than ccfc's ever was due to the larger % of external debt.
It's an ill conceived tweet that smacks of desperation.
Can you imagine what they all say to each other behind closed doors in secret meetings if that is what they think is OK to tweet publicly?
Legia Sky Blue
Well-Known Member
Wonder whether the real issue is someone a bondholder maybe ??
Club finances are a stick Maton and his pals frequently used to beat CCFC but apparently not applicable to Wasps.
Wasps debt seems worse than ccfc's ever was due to the larger % of external debt.
It's an ill conceived tweet that smacks of desperation.
I've banged on about this before & not sure when he will next stand for election, but surely it would be worth putting up an independent pro CCFC/ anti Maton single issue candidate based on this back history (and any others like him whatever their party affiliation) to get him off the council. It does not take many votes to sway a local council seat, so is surely doable with just a little organisation. As well as getting him off the council it would also send out a warning to other councillors who do not respect the interests of the football club.
Sky Blue Pete
Well-Known Member
It reads like they’ve just not paid their tax. There’s no debate or query or investigation is there they’ve just not paid
tisza
Well-Known Member
We'll never know. Like the full council meeting to sell to Wasps remains sealed !!!
Nick
Administrator
Exactly.
clint van damme
Well-Known Member
I think we all know the ideal man for the job
Sky Blue Pete
Well-Known Member
how do we get a petition going against this clown, as he is a terrible reflection of our council and the whole system.
AOM
Well-Known Member
Biamou?
clint van damme
Well-Known Member
In one!
Legia Sky Blue
Well-Known Member
I said 'independent'
Grendel is clearly a Tory so Maton's supporters would simply say it was a backdoor ploy to bring in a Tory, so in this instance if an 'independent' couldn't be found it would probably be better to have a Labour leaning candidate - say Schmee or Sky Blue Dreamer for instance.
Grendel would undoubtedly be perfect to run against any Tory councillor with an anti CCFC agenda however.
Sky Blue Pete
Well-Known Member
He’s the uniting candidate
Sky Blue Pete
Well-Known Member
Yes
Skyblueweeman
Well-Known Member
Wasps are hardly the little man, are they?
Fucking hell.
I mean, who do they think they are? Me?
Wankers.
Sky Blue Harry H
Well-Known Member
Hi Rob, just remembered I've got your City shirt in my fridge from after the 2nd leg at Notts County. DM me if you want it back, before I contact your missus
Sky Blue Pete
Well-Known Member
Yeah one issue candidates are a little annoying locally. Better to win the support of already elected members to do the right thing
Johnnythespider
Well-Known Member
Can we vote him out when he fails to put a roof on the CBS
Earlsdon_Skyblue1
Well-Known Member
Grendel
Well-Known Member
The council I am sure are going to do all they can to keep Wasps alive not only as they have invested reputationally in it but also the complete minefield it would create if the Bond and the Lease defaults
No one actually knows what would happen but no scenario is looking very attractive to them.
No one actually knows what would happen but no scenario is looking very attractive to them.
tisza
Well-Known Member
Catch 22. Pour support into a business that doesn't look capable of surviving much past the short term even with help now. Get hammered for that as well. A businessman would take the loss, a politician will go down with ship
fernandopartridge
Well-Known Member
The reputational damage alone will see the council move heaven and earth to help where they can, until the actors involved in the story move on to pastures new I suppose.
better days
Well-Known Member
From Planet Rugby
A pretty fair and balanced story, especially as it's a rugby publication
Maton and his cronies must be crapping themselves
Skeletons are likely to come rattling out of the CCC cupboard if Wasps do go pop
Loose Pass: Wasps’ woes, the Rugby Championship’s fascinating battle and a ruined surprise for those just waking up
Date published: August 16 2022 - Lawrence Nolan
This week we will mostly be concerning ourselves with uncomfortable rumours in England, the fascinating battle between philosophical schools in the Rugby Championship and a mis-step among broadcasters…
What’s up at Wasps?
And just when we thought we might all get away with it too. It’s no secret that Covid shaved off any pretence of profitability among England’s Premiership clubs, no understatement to say that the lowering of the salary cap may save a couple of clubs from trying a Barcelona
Tough times were had, yet it did look as though we might not get any casualties. But now Wasps, one of England’s grandest old names, are looking decidedly ragged. Unable to fulfil financial commitments, under likely legal pressure from their groundshare partners, short of squad depth and without the means to fill the roster, a lean season looms. If they make it that far.
Rumours – unsubstantiated and formally denied – continue to abound about the club going into administration, with a GBP 35m bond issue not being redeemed to investors in time and the club struggling to refinance it. It’s a heck of a lot of money, yet a year ago some creative financial work might have made it look less daunting. Certainly seven years ago, when the bond was issued, the world was a very different place economically. Now though, with base interest rates having risen 1.5 percentage points in the last nine months alone, it looks a far more intimidating liability when it comes to refinancing. Charity is in short supply right now and however grand an old name Wasps are, this is, unfortunately, not soccer.
The bond was issued to finance the purchase of the Coventry Arena, but the Arena business was hammered by the pandemic far more than the club itself, leaving the club as a whole much less valuable. Wasps recently applied for public support for the Arena business on the basis of the negative pandemic effects to the tune of GBP 13m, an application which already has many observers up in arms because of the likely use of the money to finance the team. The overriding impression is that if that public funding is refused, Wasps will not be able to redeem their bond and will be forced to asset-strip at best. At worst there may not be a professional sporting club any more.
That would not be unpleasant news for Wasps’ Arena tenants, Coventry City football club, who are livid about the state of the pitch after it was used for the Commonwealth Games Sevens and who were forced to postpone at least two home games and to move another. They are considering legal action and if you see pictures of the playing surface, it is difficult to see how they do not have a case for compensation, which would weigh still further on Wasps’ balance sheet.
There’s been a couple of statements from club administrative leadership on both subjects, but perhaps most disturbing is the disconnect from the fan base. Wasps do not have their communications positions filled – the current job advertisements are for day-to-day with expenses only – and a former employee has called the administration an ‘absolute bin fire’, saying: “Once the old guard of supporters are disengaged, and the new supporters that they’ve lumped all their hopes on don’t materialise, what then?” Many, many fans took to social media to agree, asking en masse for the silence to be broken and for some information.
Not all of the strife is necessarily Wasps’ administrators’ fault. The pandemic and the current economic imbalances were as unforeseeable as they were brutal. Yet the ongoing annual losses of so many Premiership clubs, the constant stretch of resource and the lack of pragmatism in business models were likely to claim a victim at some point, even in times of relative enlightenment post-London Welsh. They may not be in administration, but the future of Wasps looks bleak indeed.
A pretty fair and balanced story, especially as it's a rugby publication
Maton and his cronies must be crapping themselves
Skeletons are likely to come rattling out of the CCC cupboard if Wasps do go pop
Loose Pass: Wasps’ woes, the Rugby Championship’s fascinating battle and a ruined surprise for those just waking up
Date published: August 16 2022 - Lawrence Nolan
This week we will mostly be concerning ourselves with uncomfortable rumours in England, the fascinating battle between philosophical schools in the Rugby Championship and a mis-step among broadcasters…
What’s up at Wasps?
And just when we thought we might all get away with it too. It’s no secret that Covid shaved off any pretence of profitability among England’s Premiership clubs, no understatement to say that the lowering of the salary cap may save a couple of clubs from trying a Barcelona
Tough times were had, yet it did look as though we might not get any casualties. But now Wasps, one of England’s grandest old names, are looking decidedly ragged. Unable to fulfil financial commitments, under likely legal pressure from their groundshare partners, short of squad depth and without the means to fill the roster, a lean season looms. If they make it that far.
Rumours – unsubstantiated and formally denied – continue to abound about the club going into administration, with a GBP 35m bond issue not being redeemed to investors in time and the club struggling to refinance it. It’s a heck of a lot of money, yet a year ago some creative financial work might have made it look less daunting. Certainly seven years ago, when the bond was issued, the world was a very different place economically. Now though, with base interest rates having risen 1.5 percentage points in the last nine months alone, it looks a far more intimidating liability when it comes to refinancing. Charity is in short supply right now and however grand an old name Wasps are, this is, unfortunately, not soccer.
The bond was issued to finance the purchase of the Coventry Arena, but the Arena business was hammered by the pandemic far more than the club itself, leaving the club as a whole much less valuable. Wasps recently applied for public support for the Arena business on the basis of the negative pandemic effects to the tune of GBP 13m, an application which already has many observers up in arms because of the likely use of the money to finance the team. The overriding impression is that if that public funding is refused, Wasps will not be able to redeem their bond and will be forced to asset-strip at best. At worst there may not be a professional sporting club any more.
That would not be unpleasant news for Wasps’ Arena tenants, Coventry City football club, who are livid about the state of the pitch after it was used for the Commonwealth Games Sevens and who were forced to postpone at least two home games and to move another. They are considering legal action and if you see pictures of the playing surface, it is difficult to see how they do not have a case for compensation, which would weigh still further on Wasps’ balance sheet.
There’s been a couple of statements from club administrative leadership on both subjects, but perhaps most disturbing is the disconnect from the fan base. Wasps do not have their communications positions filled – the current job advertisements are for day-to-day with expenses only – and a former employee has called the administration an ‘absolute bin fire’, saying: “Once the old guard of supporters are disengaged, and the new supporters that they’ve lumped all their hopes on don’t materialise, what then?” Many, many fans took to social media to agree, asking en masse for the silence to be broken and for some information.
Not all of the strife is necessarily Wasps’ administrators’ fault. The pandemic and the current economic imbalances were as unforeseeable as they were brutal. Yet the ongoing annual losses of so many Premiership clubs, the constant stretch of resource and the lack of pragmatism in business models were likely to claim a victim at some point, even in times of relative enlightenment post-London Welsh. They may not be in administration, but the future of Wasps looks bleak indeed.
