Grendel
Well-Known Member
the frustration here is the lack of media attention
imagine if this was served on Otium Entertainment especially a few years ago
This just shouts from the rooftops how fucked they are. no way would any successful business allow this to happen.
I’m sure they’ll find a way of kicking the can down the road but without a miracle from somewhere their failure here is inevitable.
And as for Andy Turner, what does he actually do.the frustration here is the lack of media attention
imagine if this was served on Otium Entertainment especially a few years ago
I made a similar point earlier in the week.the frustration here is the lack of media attention
imagine if this was served on Otium Entertainment especially a few years ago
SSome interesting comments. I was surprised by this
‘barondene: The rent from CCFC does not reach 6 figures and that is gross - ie before all expenditures’
I can’t recall what our financial info said about the rent cost and whether that ties in. If it’s correct I don’t think our return will salvage the situation for Wasps long term, although CBS sponsorship probably wouldn’t have been secured without it so might’ve bought some time
Convenient, he's had loads of time to look into it not just this weekendhes away on holiday
That was a shocking response. Could of said I’ll get someone to look into it at the office etc. very poor.Convenient, he's had loads of time to look into it not just this weekend
That was a shocking response. Could of said I’ll get someone to look into it at the office etc. very poor.
Guy will do everything to protect his free shirt and match tickets.
I messaged Gilbert last night…. Watch this space….It is a story looming and will have implications for the football club as well as the rugby club
It’s astonishing really that someone hasn’t got hold of it. Gilbert more than Bridge really. The council have put everything into wasps at the expense of the football club. Commonwealth games events round the corner and a concert tonight in a venue that is about to be struck off companies house
Acl (2006) ltd I think has the external loan funding and no employees
IEC experience ltd is the operating company of conferences events etc
I would guess the late accounts have triggered the notice?
It could be a takeover of the business by someone else or a restructure - closing the company and moving around the funding side
IEC EXPERIENCE LIMITED
Company number 08039699
31 May 2022 First Gazette notice for compulsory strike-off
View attachment 24865
It's a sub lease holder I think, it's where the 50 year sub lease sits iirc?ARENA COVENTRY (2006) LIMITED
Company number 05675263
31 May 2022 First Gazette notice for compulsory strike-off
What stuff does that company hold?
I lose track of these things.
It is in a position of technical default, though it's highly unlikely it'll mean the stadium is repossessed by the trusteesIt’s highly unlikely the bond will default
Interesting article showing the general issues in top flight rugby
SPECIAL REPORT: Premiership Rugby facing an escalating jobs crisis
SPECIAL REPORT: The showbiz end of the Premiership season is filled with awards nights but an escalating jobs crisis means a number of players are facing a far less glamorous finale.www.dailymail.co.uk
If these companies are struck-off, does this mean the naming rights for the Arena and the stands etc can be sold again?
No the striking off ultimately will be a technicality and can be reversed before the strike off order
But if they are not, as it stands at the end of May, to the dissolution of these companies.
Wasps holdings ltd are not and they are the holding company
Also notice is 2 months after the date
Also, aren't the P-shares in a rugby league been put up as part of the collateral against the bond?
No the striking off ultimately will be a technicality and can be reversed before the strike off order
Wasps holdings ltd are not and they are the holding company
Also notice is 2 months after the date
The invested units wasps have in Premier Rugby Limited have a fair value of £17.6 Million, apparently.
What sort of "technicality" do you have in mind? Can I suggest the problem, what ever it is was known in March and it delayed the accounts being filed?
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