Philosoraptor
Well-Known Member
Imagine the PR disaster for A Street if the WMCA give this the green light.
If you’ve got insider info - which way i they expecting to go with this? They going bust or are we getting our hopes up?
I think what he's trying to imply is that they are making a statement at the end of the monthWhoa, I am seeing in triple vision, am I drunk?
Don't we have 9 years left on the leaseI suspect we will be moving grounds again very soon
So what do we know
Interesting that acl companies are the only ones with charges from compass. Wasps holdings and finance don't.
Each of acl , acl 2006 wasps holdings and wasps finance secure the bond
Insolvency value of the lease would be well below current value.
Wasps finance the biggest creditor of acl. Acl owes wasps finance, then it is wasps finance that owes the bondholders.
Do we know where all the assets currently are. It is completely legal transfer assets around group companies especially if the security not affected
Accounts for ACL acl2006 & iec not filed and all could still be struck off but the Crown would seize any assets and any creditors would likely challenge the striking off- so not going to be allowed to happen
Default notice issued by bond trustees which is 30 day notice of action.
All assets are revalued in an insolvency and sold to the highest or preferred bidder. Liabilities are paid off at a discount.
Wasps not acl as far as has been said have applied for 13m assistance from WMCA.
These are serious financial people involved in this. They are not stupid. There is a plan.
Just thoughts it might not mean anything. Could easily be completely wrong I don't know.
They promise it is for repairs on the stadium, and they promise that none will find its way into financing the bond.But if the suggestion is the £13m is not for the Bond Holders - what is this for?
I suspect we will be moving grounds again very soon
Right now we don’t know what the £13m is for (or certainly I don’t). You throw the definition of ‘state aid‘ around to sensationalise it but have the rugby club received state aid or is that just your interpretation ?
Yes you could argue they are living beyond their means but you could say that about any outfit that has received funding for something unrelated to the playing side.
It’s interesting how many have now jumped on the cheating topic because of a reported £13m funding application but not before (if I’ve missed it before then I apologise)
You consider it ‘almost’ cheating…. the rights and wrongs of how the stadium business is run is unrelated to the players …. I accept I will be in the minority here with that view ….. so be it
They promise it is for repairs on the stadium, and they promise that none will find its way into financing the bond.
Why?
Im sure parties spin it how in a way that shows them in the best light. Steven Vaughan said funding in place and I assume the announcement will be in line with thatIf you’ve got insider info - which way i they expecting to go with this? They going bust or are we getting our hopes up?
What makes you say that?I suspect we will be moving grounds again very soon
State is government. The regional authority is local government. You can argue the semantics of that all you want.
I raised the issue about 'cheating' If people jump on the bandwagon that's up to them. Complain to them not me.
I know the game of rugby and how it works, you may not like that as you seem to take the view that us football fans don't understand your game, but accept it, and that I have a good idea on how Wasps are and will be viewed, certainly by other fans that I know.
Oh shit sorry didn’t realise it was Canley. Sorry if I offended you sirHe's a canley lad aswell , his circle of friends are all nice lads tbh
I’d imagine the WMCA would be more competent than CCC so the likelyhood is that it would definitely be above boardIf the money is awarded I can’t see Sisu not taking some action
Evo is from the other side of the track I thinkOh shit sorry didn’t realise it was Canley. Sorry if I offended you sir
Evo is from the other side of the track I think
Nice bloke tooSay what you will about Simon Gilbert - but the guy has extremely thick skin. Takes a battering from us, and now taking one from Wasps - guy really makes light of it
Imagine the PR disaster for A Street if the WMCA give this the green light.
If the money is awarded I can’t see Sisu not taking some action
Say what you will about Simon Gilbert - but the guy has extremely thick skin. Takes a battering from us, and now taking one from Wasps - guy really makes light of it
They are not that good. Maybe they learned something about trying to stress companies like ACL? A complete failure that put us into years of angst.Did SISU play the long game perfectly, pushed and pushed with all the legal procedings ending up at the EU to then suddenly drop them using Warwick Uni to mask it.
They are a business built around money i wonder if they knew something, maybe inside info on the Wasps finances.
Whether they did or didnt IDGAF as long as Wasps end up in London where they started. Fuck em corrupt bunch of cnuts
Good response….
We should never leave Coventry again. I’m also certain the fanbase would be decimated. A bit like last time really. I can’t see any reason to think 12k season ticket holders would follow.If the stadium does require 13 million in reparations (and the defects have been defined as structural), I wonder if that offers any leverage towards tearing up the rental agreement and moving again until the proverbial dust settles? It’s not something I would necessarily agree with but can see why this may be something to consider.
It would also be a tall ask finding a landlord with space for 12k> season ticket holders. Just putting this out there for debate….
If the stadium does require 13 million in reparations (and the defects have been defined as structural), I wonder if that offers any leverage towards tearing up the rental agreement and moving again until the proverbial dust settles? It’s not something I would necessarily agree with but can see why this may be something to consider.
It would also be a tall ask finding a landlord with space for 12k> season ticket holders. Just putting this out there for debate….
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