Ian1779
Well-Known Member
Nick Eastwood revealed to be Dale Evans in a Scoody-Doo style twist.
'I would have got away with it if it wasn't for those pesky Cov fans'
Nick Eastwood revealed to be Dale Evans in a Scoody-Doo style twist.Plot Twist: Dale Evans to get introduced as a potential new Wasps investor after his numerous CCFC takeover attempts have been thwarted.
Dave Boddy is doing a decent Job since his arrival.
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Far from ideal is still pretty damming considering they needed to be on an upward curvePredictable stuff from the Telegraph
Interesting that the Telegraph have seen the accounts.
Far from ideal is still pretty damming considering they needed to be on an upward curve
"We understand the accounts will be submitted in the next few days and, while containing far from ideal figures, their content is not as damning as is being speculated"Predictable stuff from the Telegraph
Interesting that the Telegraph have seen the accounts.
so either
a) they will be desperate for us to continue playing there, and so a further deal will be signed or
b) they will be in such a mess, that they will want to take us down with them
OR
c) They sell up and move on
Who is going to take on those retail bonds though? Unless somebody could agree an early settlement with the bondholders?
There is an early settlement clause in the Prospectus - last line is interesting
Optional early repayment by Issuer The Bonds may be redeemed (i.e. repaid) early, at any time on or after the interest payment date falling on 13 May 2019 at the following applicable redemption prices (as set out in the table below), plus accrued and unpaid interest on the Bonds (if any), up to the applicable date fixed by the Issuer for redemption. The applicable redemption price is determined by reference to the date fixed for redemption occurring in a relevant six month interest period beginning on the scheduled ‘interest payment date’ indicated below: Interest Payment Date Additional Redemption/Bonus Amount Redemption Price (percentage) 13 May 2019 ......................................................... 5.85% 105.85
13 November 2019 ............................................... 5.36% 105.36
13 May 2020 ......................................................... 4.88% 104.88
13 November 2020 ............................................... 4.39% 104.39
13 May 2021 ......................................................... 3.90% 103.90
13 November 2021 ............................................... 3.41% 103.41
Optional early repayment by Issuer for tax reasons In the event of certain tax changes caused by any change in, amendment to, or application or official interpretation of the laws or regulations of the United Kingdom on or after the Bonds have been issued, the Bonds may be repaid if the Issuer chooses to do so in whole, but not in part, at any time. The redemption price in these circumstances is at the nominal amount of the Bonds plus accrued interest (if any) as at the relevant time. Optional early repayment by the Bondholders If a Change of Control Put Event or a Change of Business Event (each as described below) occurs, a Bondholder may elect for its Bonds to be repaid at their nominal amount plus accrued interest. If 80 per cent. or more of the Bonds originally issued have been repaid in this way, the Issuer may, if it chooses to, repay all the remaining Bonds at their nominal amount plus accrued interest. A “Change of Control Put Event” might be expected to occur if a takeover or merger of Wasps Holdings leads to the acquisition of over 50 per cent. of the voting
12
share capital of Wasps Holdings by any one entity (or by any group of entities acting together) other than by an entity that has been approved by the Professional Game Board and the Rugby Football Union for the purposes of owning a Premiership Rugby Club. A “Change of Business Event” might be expected to occur (a) if Wasps Holdings and/or ACL engage in businesses other than those carried on by them, or incidental to those carried on by them, on the date that the Bonds are issued and/or (b) if Wasps Rugby Club relocates, whereby the Arena ceases to be the club’s principal home rugby match fixture ground.
I only turned up bacause my name was mentioned by your leader.As bad as things have ever got for city have we every not paid players for 2 years. Unbelievable even for the CT that this sort of thing has been going on for so long with them claiming everything is fantastic.Makes a change from having a go at our fans outside the Ricoh.
Negative post about Wasps and Italia turns up to make his first post for a couple of weeks. Its like clockwork. The alarm must have sounded at Italia towers.
Pointed this out a while back. Senior people are 'leaving' and not being replaced. It was glossed over as Fisher-esque 'normal business practice'.
Not to mention if you're in the 'just want to watch rugby' brigade CRFC are on the up and I bet the beer is cheaper.
I only turned up bacause my name was mentioned by your leader.
As I said the only people frothing on this are on here, in the London papers, a player not required next year and now I see one disgruntled fan from Oxfordshire.
Wasps statement
Director of rugby Dai Young has issued the following statement:
“I have been made aware of an article published today which makes a number of assertions regarding our current situation.
“The construction of new training facilities is taking longer than originally hoped. We had a couple of projects which reached a pretty advanced stage but unfortunately did not come to fruition along the way, but no-one doubts this is the number one priority project for our development team.
“I know a further location is now under serious consideration and that this project could take a big step forward in the very near future.
“Since September ten of our senior squad have signed new contracts. This includes Joe Launchbury, Elliot Daly and only this week Dan Robson.
“A number of other players have also signed new deals since we moved from Acton to Coventry at the start of last season.
“Clearly we are all looking forward to being in a permanent home, and in the meantime we are all fully focused on the remainder of the season and are pushing hard to reach the play-offs for a third consecutive year.”
Imagine if it was CCFC that had put out that statement in reply? Would be torn to shreds.
It doesn't exactly disprove anything does it?
It'd be like Mark Robins responding to a story about SISU
Imagine if it was CCFC that had put out that statement in reply? Would be torn to shreds.
It doesn't exactly disprove anything does it?
I only turned up bacause my name was mentioned by your leader.
As I said the only people frothing on this are on here, in the London papers, a player not required next year and now I see one disgruntled fan from Oxfordshire.
Exactly, plus saying "they signed new contracts" doesn't really mean anything in this day and age does it so doesn't rule out anything that's been said in other articles.
Also, their training ground was advanced as our stadium was. Pretty advanced would mean it was nearly built.
They signed contracts some months ago, possibly before the issues over the bond etc became public. How long is it since they dropped the AHC project?
Oh and just for Italia.
There's a website called RugbyPass all over it to play it down, strangely enough there's a bloke called Andy Goode who is involved that that site. Ever heard of him?
That's aside from the Telegraph who's last Rugby reporter is now doing the PR for Wasps and get a chunk for advertising who are also playing it down.
Then we have Italia...
Anybody noticing the pattern of people who were straight out to play it down?
You say 'only' but if the national press and our own players were saying similar against us there would be uproar.As I said the only people frothing on this are on here, in the London papers, a player not required next year and now I see one disgruntled fan from Oxfordshire.
You say 'only' but if the national press and our own players were saying similar against us there would be uproar.
They haven't filed accounts, haven't built their promised training ground, haven't been doing anything but the absolute minimum in terms of maintenance at the Ricoh, have been getting rid of staff, owe money to the players and have current players (a player who lets not forget was being lauded as a Wasps legend when he was having a pop at our fans) taking digs at the club for bullshitting to players.
In response they can't even get their chief exec or someone high ranking to make a statement with any substance in it. Instead they've gone for 'nothing to see here' from there manager. Imagine if Fisher sent Mark Robins out to make statements on the JR!
Apparently it's SISU's fault all of the accounts are late and the training ground didn't happen.
Already briefed on this 6 months ago.
The only frothing at the mouth is on here and London papers.
Can’t say more than that.
I wouldn't be harsh on the bondholders...they're just investors taken in by some lofty promises. They probably weren't aware or didn't consider the consequences of things not going right (ie, lack of success on the pitch).
Same as their fans...the London ones anyway. I don't wish to see issues for any 'real' fans.
The club as a whole though....hope this is all leading to something and they end up flying back to London. I can't see it though...
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