Grendel
Well-Known Member
just nonsense all round
For Wasps, it looks a bit like that line....
“How did you go bankrupt?”
“Two ways. Gradually, then suddenly!”
If they do get refinancing, then anyway it stacks up it'll have to be a bigger drain on their business. They've also sold off a slice of their future profits to CVC, they've got diminishing crowds, and they are having less success on the pitch.
Their single white knight and ultimate owner, Richardson, might well run out of interest (or funds) and has in any case has been trying to pull back some of the debt owed to him (which was partly the point of the bonds).
If they can't refinance, then I think it just brings things to a head a bit more quickly, but either way I suspect at some point they'll find themselves in a hole they can't crawl out of.
It could be that someone as yet unknown comes to their rescue, of course, but then we've been hoping for the same thing for a long time now!
Great Post!There are the facts of the finances, but then there is the experience and lifestyle of owning a Rugby club in a large English city.
If you were in charge of things and even though you were losing money, the council would prop you up and defend you (probably using local tax payers money), the local media won't publish anything negative about you, and even at one stage fans of the hosted football club were coming to watch you - wouldn't that feel a bit God like? I might be going off on a bit of a tangent here, but there are a lot of factors which don't offer any incentive for the Wasps hierarchy to leave whatsoever.
There are alarm bells going off everywhere here, and given the information posted by certain members of this forum and their exchanges with journalists, there is obviously some sort of cover up going on given their defensiveness, willingness to block people, and flat out denial that there is anything worth reporting on.
'I´m on holiday'
'The Jubilee is more important, I will write about it in a few weeks'
'I don't cover Wasps'
'I'm going to block you now for asking a reasonable question'
No doubt there will be some of these journalists reading this thread, well, we are watching you too. The whole Wasps affair has been a dodgy shit show from start to finish (that is putting it politely), and we won't forget it. It isn't too late to do the right thing.
Sadly after being defeated today, Wasps haven't qualified for the European Cup.
Nobody wants to talk about one of the country's biggest rugby clubs being in the shit .. there's something extremely strange about the way this city operates , in more ways than sport too .
Fucking weirdos everywhere
Coventry is like that village in hot fuzz , " for the greater goooooood"
Best get your yellow and black scarf on eBay whilst it’s worth something, unless you’re talking about Coventry RFC who probably need more support than anyone?Nobody wants to talk about one of the country's biggest rugby clubs being in the shit .. there's something extremely strange about the way this city operates , in more ways than sport too .
Fucking weirdos everywhere
Coventry is like that village in hot fuzz , " for the greater goooooood"
Don’t worry, the local rag will report London wasps have sold 25,000 season tickets for next season and not being in Europe will allow them to focus on a title run.
‘BOBBY BRIDGE: Top 10 beers I’ve drunk from James Haskell’s crack-Bobby’s send off for legendary captain’
I’ve just read one of his award winning efforts about a pizza shop in Nuneaton.
Don’t worry, the local rag will report London wasps have sold 25,000 season tickets for next season and not being in Europe will allow them to focus on a title run.
Erm..thought about this for a nanosecond and it kind of didn't hit the sympathy drum.Nobody wants to talk about one of the country's biggest rugby clubs being in the shit .. there's something extremely strange about the way this city operates , in more ways than sport too .
Fucking weirdos everywhere
Coventry is like that village in hot fuzz , " for the greater goooooood"
Not a great deal looking at this report from 2018.I don't want to be a bean counter around here, but how much money do they lose not being in the top 8 cup or whatever they call it?
What could this mean OSB 58? Could it be a creditor has submitted an objection?action to strike off has been discontinued by companies house on ACL, ACL (2006) & IEC
financials still not filed yet though on any of them
Does the whole financial sector operate on a 'cheques in the post' basis?I assume that they have confirmed to Companies House that financials will be filed in the near future
Does the whole financial sector operate on a 'cheques in the post' basis?
Wasps can't pay the bond back but its fine as they'll do it at some unspecified point in the future using some unspecified source of funding. Various companies haven't filed their financials on time but its fine if they say they will do so in the 'near future'.
All seems odd to me, if I have deadlines for things at work I have to meet them or there are consequences including a not insignificant chance I would lose my job.
It's like Keynes said you owe the bank a hundred pounds you have a problem. Owe them a million and they have the problem.Does the whole financial sector operate on a 'cheques in the post' basis?
Wasps can't pay the bond back but its fine as they'll do it at some unspecified point in the future using some unspecified source of funding. Various companies haven't filed their financials on time but its fine if they say they will do so in the 'near future'.
All seems odd to me, if I have deadlines for things at work I have to meet them or there are consequences including a not insignificant chance I would lose my job.
It's like Keynes said you owe the bank a hundred pounds you have a problem. Owe them a million and they have the problem.
I worked for a bank many years ago who had a lot of loans secured against travellers' caravans - slight problem of finding their security once the loans went into default
Still no news on that bond being paid yet?
Bobby was joined by Simon on holiday, unfortunately they stayed in a Serbian hostel.Also, STILL no news in the local press on this!
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