Flying Fokker
Well-Known Member
Piss off Wasps.
Does anyone know how insolvency actually works? At what point would they be classed as trading insolently because reading a definition I'm not sure how it doesn't apply, 'An insolvent company is defined as one which is unable to meet its financial obligations as and when they fall due'
We know they're losing money every year and that's being covered by the owner but they currently seem to have no way of paying a debt that is well past due.
The issue here really is what the proposal will be to the bond holders - as a guess a 12 month extension or foreclosure?
The mood on that other wasps forum has changed. The likes of Neils are a lot less assured - Suggs remains the same of course and Steve from Cov says as they’ve bought a training ground the finances aren’t as bad as people say they are
But how are Wasps generating income now to pay for wages and the training ground, hardly any season tickets sold, chairman not putting money in and still losing £10m a year, that's without paying the bond, they have released a lot of players and don't seem to have bought any in but with no relegation they can just carry on and lose every game.
Are we sure he's not someone from here on an elaborate wind up. He's beyond parody now with his 'everything is fine' act.Shugs really is the Monty Python Black Knight isn't he?
Are we sure he's not someone from here on an elaborate wind up. He's beyond parody now with his 'everything is fine' act.
Not a chance. He's just utterly deluded.Are we sure he's not someone from here on an elaborate wind up. He's beyond parody now with his 'everything is fine' act.
I agree with that.I'm sure he's an ex City fan, he doesn't seem to comment much about Wasps apart from the financials
So he's definitely from SBT thenNot a chance. He's just utterly deluded.
Foxy
Quote from Drunken Wasps “This thread is fast becoming like a Sky Blues Talk thread. Full of speculation and hot air with little fact. The difference here is that we don’t stop SBT posters airing their views here”. To which I replied, “Sky blues fans helping you out with attendance on here as well as at the stadium”. This was swiftly removed by their admin, which kind of makes the original post hypocritical.
Shugs has got it into his head that anyone who doesn't bash Wasps on here is banned or has their ability to post throttled. As far as I'm aware the only person who got banned was Italia for his never ending advertising for which he refused to make a charity donation.Quote from Drunken Wasps “This thread is fast becoming like a Sky Blues Talk thread. Full of speculation and hot air with little fact. The difference here is that we don’t stop SBT posters airing their views here”. To which I replied, “Sky blues fans helping you out with attendance on here as well as at the stadium”. This was swiftly removed by their admin, which kind of makes the original post hypocritical.
Shugs has got it into his head that anyone who doesn't bash Wasps on here is banned or has their ability to post throttled. As far as I'm aware the only person who got banned was Italia for his never ending advertising for which he refused to make a charity donation.
But on their site anyone who doesn't tow the Wasps PR line is swiftly dispatched.
?They really are deludedAgain it’s not entirely the case amazingly I seem pretty well tolerated at the minute
?They really are deluded
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