Gynnsthetonic
Well-Known Member
I thought only part of the group had (Wasp Holdings), IEC and Wasp RFC hadnt.
I thought only part of the group had (Wasp Holdings), IEC and Wasp RFC hadnt.The group has filed accounts but obviously the HMRC have had an arrangement with clubs regarding pay back terms and Worcester have breached these
I thought only part of the group had (Wasp Holdings), IEC and Wasp RFC hadnt.
"It fell into our laps"On drunken wasps they are bumbling about the training ground and Vaughan when asks who will own the site just lies
Wasps' training ground move - the big questions answered
Gallagher Premiership club has announced it plans to move to a new training ground base ahead of the 2020/21 seasonwww.coventrytelegraph.net
Article fairly gloomy for the future anyway. It's money upfront rather than extra money ( much like the TV money etc they've already used). Plus there's the 10 odd million borrowed from govt during COVID.So that's 20m split across 13 clubs, if I've read it right, with the level depending upon how many players from each club play for England. I'm not sure that this will get Wasps out of the hole they're in. A real pity, I know.
I don't know what I'm talking about, but, would you agree new terms?Anyone who knows what they are talking about, do we think the bond holders will agree to new terms?
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Is it too much to hope that some of this will be used to pay us for the pitch repairs?Article fairly gloomy for the future anyway. It's money upfront rather than extra money ( much like the TV money etc they've already used). Plus there's the 10 odd million borrowed from govt during COVID.
I imagine they will. It’ll either be that or get no money backAnyone who knows what they are talking about, do we think the bond holders will agree to new terms?
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Wasps holdings are the group so it’s odd but Derby county didn’t file for 2 years
They've released the kit today, announced brand new club shop over weekend, season tickets on sale....
Don't think their demise will be as immediate as we are all hoping for......
Bit weird as they said they were stopping handing out tickets like confetti but you've got this and there was a link on their website where anyone could put their email address in and get free tickets. How do you become a sustainable business when you give your product away for free all the time?Free tickets for season ticket holders for the first 4 games bring a mate
Bit weird as they said they were stopping handing out tickets like confetti but you've got this and there was a link on their website where anyone could put their email address in and get free tickets. How do you become a sustainable business when you give your product away for free all the time?
I imagine they will. It’ll either be that or get no money back
I think it depends how bullish they're feeling and whether they think Wasps will ever be in a position to fully redeem the bonds (or pay an even higher level of ongoing interest going forward).
Ultimately, the bondholders have got security via the stadium and the p-shares (iirc on the latter).
It could be they'd be better forcing the sale and getting something back now rather than ending up in an even worse state in a year or two.
From a purely financial point of view Wasps look like a basket case to me. I'd want to get whatever I could now before it all goes down the pan.
Bit weird as they said they were stopping handing out tickets like confetti but you've got this and there was a link on their website where anyone could put their email address in and get free tickets. How do you become a sustainable business when you give your product away for free all the time?
Have they file June 2022 accounts, if so where are they to be found?What is even odder (to us bean counters any way ) is the Holding Company has filed group accounts which includes the two errant companies
Have they file June 2022 accounts, if so where are they to be found?
You are absolutely right, however, they don't need to be a sustainable business when they have the council/councillors in their pockets.
There's clearly some fairly high level corruption that's been in play from day one.
The first few years of freebies made some sense, come along and try the ‘product’ and see what you think. Then it just seemed to become a permanent thing to tackle waning crowds despite the council plugging them non stop and having everything in their favour.
Just imagine what CCFC could have done with similar support.
The stadium is unmanageable for either club. The clubs have not got the resource - its a council vanity project that is doomed to fail
Well I was more referring to the pre Wasps era of jacked up rent and lost revenue access
exactly right. Had 17/18 years of various stadium management entities and none have managed to do much with it. All sorts of large catering, corporate & entertainment partners and again none have cracked it.The stadium is unmanageable for either club. The clubs have not got the resource - its a council vanity project that is doomed to fail
The first few years of freebies made some sense, come along and try the ‘product’ and see what you think. Then it just seemed to become a permanent thing to tackle waning crowds despite the council plugging them non stop and having everything in their favour.
Just imagine what CCFC could have done with similar support.
Thanks, I was getting confused - I thought they were the timelines but interpreted your post as saying already filed (for 2022)They have until March 2023 to meet Companies House regs
But because a PLC WASPs Finance have to file December 31 and WASPs are published same time
Thanks, I was getting confused - I thought they were the timelines but interpreted your post as saying already filed (for 2022)
Wright Hassall is about right
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