clint van damme
Well-Known Member
What's it about?
Hope Bondholders watching Panorama tonight or maybe not
Investments in private bondsWhat's it about?
She's 85 now!
It is interesting, barely anybody on there actually from Coventry
Please expand on this - what was on Panorama that might influence things one way or another?Hope Bondholders watching Panorama tonight or maybe not
Does anyone in positions of powerDoes Shugs live in the real world?
Love how we’re somehow the bad guys for being unhappy that the one thing we’re paying for (the pitch) is not being provided….
Again I don’t think the issue is pitch wear and tear - it’s the fact that no work or maintenance on pitch care has been carried out full stop prior to the CWG.
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Which I get, but you can only throw so much at SISU. They’re only directly in control of what the club do… we’re constantly told in certainty that we are tenants… when we act like tenants it’s our faultThe mad thing is that he has posted on there about being a CCFC and Wasps supporter. Some people have such hatred towards SISU (understandable) that no matter what SISU do, they will always be in the wrong.
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Slowly catching up
There is a planning permission in for houses on some of the site apparentlyI'm not as familiar with this story, and have seen some mention this training ground was a front?
A front for what? The land?
There's going to be some kind of Sisu style administration I think.Anyone with any inside info on this thread? I keep waking up every day desperate to read that those turds have been flushed.
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Apparently Christopher Holland has a professional track record in risk management and disaster recovery. Not sure being involved in wasps is doing much for his professional reputation.
If that does happen is there going to be an opportunity for another party to acquire the stadium business without acquiring Wasps RFC?There's going to be some kind of Sisu style administration I think.
He’s been there for 5 years. He hasn’t averted this disaster. Assuming it’s not part of what was a bigger plan all along.Probably why he is involved in the first place.
He’s been there for 5 years. He hasn’t averted this disaster. Assuming it’s not part of what was a bigger plan all along.
Risk Management...
Naive to think Richardson is all in and is going to lose everything because of this. As said, it will be another Golden Share scenario no doubt.
Risk....Managed.
wasps holdings never owned shares in training ground - moonstone owned the shares and Richardson sold the shares the same day the bond defaulted to Holland whose his mate
Not while bond's are tied up from trading.If that does happen is there going to be an opportunity for another party to acquire the stadium business without acquiring Wasps RFC?
Not really as has never been part of Wasps directly as I understand it.If the training ground is not now part of "Wasps group", but now "Epic"... does this mean, that in the event of an administration, that it would not be touched!??.....
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
If the training ground is not now part of "Wasps group", but now "Epic"... does this mean, that in the event of an administration, that it would not be touched!??.....
eg whatever form that Wasps may take after any possible admin, that this would not have been sold to pay creditors, and "new" Wasps could effectively do what they want with it... Eg, still use, sell land for housing on etc...?????
Yeah it's never been anything to do with it.
So in theory Wasps could go up the wall tomorrow and that's nothing to do with it. (Unless they have a lease for it....)
There could have been a potential claim against Richardson as it’s his company (moonstone) which I believe is above wasos holdings in the convoluted company chain
the sale was on be same day as the bond default
hahahahahahahahaWasps Rugby club being chased by HMRC over unpaid tax bill
Premiership club pursued after not paying bill and comes after it missed £35m bond scheme repayment datewww.telegraph.co.uk
WMCA told Telegraph Sport Wasps’s request for public money was still under consideration, while Coventry City Council, which owns to freehold to the arena, said: “The city council, including through the chief executive and senior officers, has regular communication and dialogue with many businesses and this has been particularly important throughout the pandemic as the economic context has been incredibly challenging.
“Wasps have been one of these businesses.”
Could HMRC still not go after him as this is technically fraud and they may see it as thatYeah exactly.
As it's a private company, what's to stop him handing it to his mate until everything blows over and then him just giving it Richardson back in a couple of years? (In time for the housing)
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