Life, mate....I'd love to while away the hours on SBT like many on here but with two kids under 4 and a new (ish) business to keep moving forward, I have less time to post. Still pop in now and then though!
Yep, that's a good point actually. Their offering appears to be dwindling with time...I'd assume apathy in the area is increasing whilst interest wanes and the success on the pitch hasn't materialised like they would've hoped.
I always thought that the relative success of their move, would be dependant on instant success which would then be built on. It's been pleasing to see that that couldn't be further from the truth.
In my business, I work with professional sports clubs. I've approached all relevant EPL, EFL, National League, FAWSL, FAW Championship, Rugby Premiership and Championship Rugby clubs with a view to working with them. Bar one. No prizes for guessing who.
The majority of the revenue is tied up with non Rugby business and the lease value I assume is accurate so its worth £60 million to Richardson - The rugby club costs are clearly a massive problem but I suppose they can to an extent be adjusted - there seems no correlation with crowds and success anyway - its a problem business but I cannot see the Holding Company moving anywhere
And a free kit….Should be enough to get him some freebies.
so if you've got bonds you haven't got your money back and you now can't sell them. I would laugh but I suspect a lot of the bonds are held by fans rather than investors who can't afford to potentially lose this money.Trading in the bond has been cancelled at the request of Wasps Finance. Is this normal as the redemption date has passed. Until they are paid off, I’d have thought there was still a market for them, although potentially bond holders cashing in for what they can get. Not a good look though.
so if you've got bonds you haven't got your money back and you now can't sell them. I would laugh but I suspect a lot of the bonds are held by fans rather than investors who can't afford to potentially lose this money.
I wouldn’t care if the investors lost everything greedy bastards.
Bobby Bridge will put his spin on it somehowTelegraph should be all over it.
wasps allow investors to keep historic souvenirsBobby Bridge will put his spin on it somehow
As I understand it they still refuse to meet in personWonder if this coincides with the increased visibility of Joy around the CBS. Just keeps popping up outside Richardson's window:
They are not going bust anytime soon, but I hope this is death by a thousand cuts as a Coventry City fan.
It is the only way they should die.
I just can't see how they can last, they're losing in the region of 10m a year with 4k-5k paying spectators, their London based fans can't be bothered anymore and over the years that fanbase will just dwindle.They are not going bust anytime soon, but I hope this is death by a thousand cuts as a Coventry City fan.
It is the only way they should die.
Interest payments have now landed with bond holders so likelihood of default has been reduced. However, I think from reading that if the bond holders are not repaid within 30 days of the maturity date that could be considered a default - wouldn’t expect anything to come of it.
so if you've got bonds you haven't got your money back and you now can't sell them. I would laugh but I suspect a lot of the bonds are held by fans rather than investors who can't afford to potentially lose this money.
I just can't see how they can last, they're losing in the region of 10m a year with 4k-5k paying spectators, their London based fans can't be bothered anymore and over the years that fanbase will just dwindle.
Wasn't that even mentioned in the prospectus, something like there will be no problems paying the interest because we're borrowing the money for that and ring fencing it.Some of the comments suggest they were using some of the bond money itself to pay off the interest payments
Let's hope Birmingham Council will welcome them, could it not be that they are waiting until the end of the season (June 4th) until they decide what the future holds.Best thing we can do to hurt them is just stay in the Championship.
Casual fans will come to us over them and our more embittered fans will forgive ownership issues for decent football.
They just haven't got the crowds here.
I bet if they could dump the arena to clear their debts and move to the Alexandra stadium they'd be up for it
Let's hope Birmingham Council will welcome them, could it not be that they are waiting until the end of the season (June 4th) until they decide what the future holds.
Bobby Bridge will put his spin on it somehow
Best thing we can do to hurt them is just stay in the Championship.
Casual fans will come to us over them and our more embittered fans will forgive ownership issues for decent football.
They just haven't got the crowds here.
I bet if they could dump the arena to clear their debts and move to the Alexandra stadium they'd be up for it
Some of the comments suggest they were using some of the bond money itself to pay off the interest payments in the meantime. I’m reminded of the quote in Trainspotting
‘We can’t even find a decent civilisation to be colonised by’
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