I’ll say it again, where is their financing coming from? There’s more chance of MA investing in them than us at the moment considering he actually held talks with them.
I put this int he other thread. But might be more relevant here. The monies they owed CCC was apparently for unpaid business rates
But was the council giving wasps favours that goes against the standard business rate process?
As if behind on business rates and fail to keep up with payments. The right to instalments is withdrawn and you should be sent to magistrates court.
“ Since 1 April 2017, if a reminder notice is issued and you do not bring your instalments up to date within 14 days, then the right to pay by instalments will be withdrawn. If full payment is not received you will be sent a Magistrates' Court summons and you will have to pay additional court costs as well as your Business Rates charge. The Council will apply to the Court for a liability order against the account, which grants us further powers to collect the money outstanding. The account may then be issued to an Enforcement Agent, who will collect the money on our behalf, referred for insolvency proceedings or back to Magistrates' Court for committal to prison proceedings.”
No idea how long they had not been paying their rates for. As I guess without this info we will never know
RV of the Arena is £650k according to VOA, standard rates are 51.2p in the pound so a years rates would be about £330k though reading that it seems if you miss a payment you’re expected to pay in full. So total guess but I’d say not paid since Spring/Summer maybe? It’s ten payments so each would be about £33k, and £240k is after 2-3 payments maybe? I assume it starts in April but not sure.
So really they should had lost the right of a payment plan and been summoned and the council should have taken them to court.
I assume this dint happen as the council would not have wanted them to go insolvent over this.
Would have been better if they were liquidated.
Other than the crooks left on the Council.It's pretty clear they're finished in Coventry, the individuals behind playing here are all gone.
I'm waiting for a statement from the cunts at CCC, it should make for interesting reading.
What a fucking brilliant idea it was to sell the Arena to the London cunts in the first place, as if they couldn't forsee this shit happening.
Maybe Sisu will sue CCC to recoup the money they are owed by wasps, as they could blame CCC for instigating this cluster fuck of a situation in the first place.
But those people are irrelevant now and in any event proven dreamers. The companies are all being wound up. Wasps are to be taken over by a group of ex players with apparent designs on a return to London.The only official stuff that’s comes out has all suggested Wasps want to stay here and indeed have been told by the rugby authorities they should.
Wasps shit on everyone they ever did business with; took the taxpayer for an absolute fortune, cost the club almost half a million directly and much more indirectly, and the Council that supported them every step of the way (and even looked at bailing them out!) are just going to walk away from it? Un-fucking-believable.
According to Simon Gilbert on twitter it was for Food & Bev sales at matchesWonder what it was for…the pitch repairs, Food and Bev share maybe?
They have literally thieved money from Coventry City fans then.According to Simon Gilbert on twitter it was for Food & Bev sales at matches
The whole thing is a disgrace.
Coventry council made it feel like the football club were a problem .
Now who at the council is going to pay for the lost 21 million ? Arseholes , worst council in England surely
But those people are irrelevant now and in any event proven dreamers. The companies are all being wound up. Wasps are to be taken over by a group of ex players with apparent designs on a return to London.
The £21m is £7m to HMRC and £14m in Sport England Covid loans. It’s not council funds. Council were owed £230k business rates and another £40k or so.
You proper love the council don't you i cant fathom it
I proper love facts
I'm no fan of the council but he's rightYou proper love the council don't you i cant fathom it
No I agree. Just saying these sorts of figures for debt are common in sport and they shouldn’t be.
Ashley also will I suspect blow stupid Anne Lucas and the unencumbered freehold drivel out the water very soon
That’s a big story that it’s a lot of moneyRemember when the council said it would be great for local business.
Well using the CV postcode wasps owned £851,330 to 46 companies.
From Carpenters, Design agencies, cash and carry and even the Hilton at the arena.
and us
That’s a big story that it’s a lot of money
They are all at it in the Rugby Union Premiership. Take a look at the debt table related to them all…..Wasps were top but many others are basically insolvent.No I agree. Just saying these sorts of figures for debt are common in sport and they shouldn’t be.
They are all at it in the Rugby Union Premiership. Take a look at the debt table related to them all…..Wasps were top but many others are basically insolvent.
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