Wasps current finances & hope (5 Viewers)

oldfiver · Nov 6, 2019

oldskyblue58 said:
Feel free and let us all know the results...... don't see why I should do all the work

It's because you are good at it

I only suggested it to you for a quick look not to prepare a treatise.

HuckerbyDublinWhelan · Nov 6, 2019

So looking from a position of no knowledge - is this the point the game of chicken begins?

surely they urgently need a sponsor for the Ricoh to bring the value back up. If they haven’t got one in two years then it’s obviously we’re a bigger deal than they thought

pusbccfc · Nov 6, 2019

Drunken Wasps thread is an absolute joy to read.

Terry Gibson's perm · Nov 6, 2019

HuckerbyDublinWhelan said:
So looking from a position of no knowledge - is this the point the game of chicken begins?

surely they urgently need a sponsor for the Ricoh to bring the value back up. If they haven’t got one in two years then it’s obviously we’re a bigger deal than they thought

The value of these stadium naming things is not what is was and the second one won’t be very palatable for any decent companies and there is a lot of work to be done, take down sign, paint over sign on roof, change all the brown signs in the local area.

HuckerbyDublinWhelan · Nov 6, 2019

I’d love to know how many paying fans they actually have

lordsummerisle · Nov 6, 2019

HuckerbyDublinWhelan said:
I’d love to know how many paying fans they actually have

Two.

chiefdave · Nov 6, 2019

lordsummerisle said:
Two.

Only when it’s BOGOF.

djbooth · Feb 28, 2020

It looks there is a financial crisis on the horizon. I wonder how will it effect the wasps.? Could this be the thing that sends them in the abyss??
Bond prices seem to be dropping??!

Warwickhunt · Feb 28, 2020

djbooth said:
It looks there is a financial crisis on the horizon. I wonder how will it effect the wasps.? Could this be the thing that sends them in the abyss??
Bond prices seem to be dropping??!

Falling off a cliff if you ask me! Pension took a beating over the last week!

chiefdave · Feb 28, 2020

djbooth said:
It looks there is a financial crisis on the horizon. I wonder how will it effect the wasps.? Could this be the thing that sends them in the abyss??

Said that before when people say they'll just refinance the debt. With Brexit who knows what the financial situation will be and how easy it will be to refinance.

And of course the initial bond was based on predictions will little trading history, now there will be years of losses in the books. `Even if it just makes the refinancing more expensive its an issue

fernandopartridge · Feb 28, 2020

chiefdave said:
Said that before when people say they'll just refinance the debt. With Brexit who knows what the financial situation will be and how easy it will be to refinance.

And of course the initial bond was based on predictions will little trading history, now there will be years of losses in the books. `Even if it just makes the refinancing more expensive its an issue

The only thing they've got in their favour re-financing the debt is that you might get bondholders who are willing to in effect buy the bonds back from themselves in order to continue receiving an interest payment (if that's legal?).

oldfiver · Feb 28, 2020

fernandopartridge said:
The only thing they've got in their favour re-financing the debt is that you might get bondholders who are willing to in effect buy the bonds back from themselves in order to continue receiving an interest payment (if that's legal?).

I suspect it has to be a full redemption followed by a new issue as all the terms will be different

SBAndy · Feb 28, 2020

chiefdave said:
Said that before when people say they'll just refinance the debt. With Brexit who knows what the financial situation will be and how easy it will be to refinance.

And of course the initial bond was based on predictions will little trading history, now there will be years of losses in the books. `Even if it just makes the refinancing more expensive its an issue

Refinancing debt that’s already on 6.5% when their financial performance is absolute toilet. Good luck to them.

Wasps current finances & hope (5 Viewers)

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