Terry Gibson's perm
Well-Known Member
If you read his response he says wasps had the money from the gigs and spent it and then had to refund. Shambles they are very badly run
Yeah as long as they get interest paid, it's worth sucking it up and being held over a barrell as still, effectively, you're getting a better return than you'd ever get elsewhere.
Of course the other way it could go wrong is if savings interest rates go up substantially.Then the 6.5% isn't so appealing if based on a savagely insecure investment.
Yeah as long as they get interest paid, it's worth sucking it up and being held over a barrell as still, effectively, you're getting a better return than you'd ever get elsewhere.
Of course the other way it could go wrong is if savings interest rates go up substantially.Then the 6.5% isn't so appealing if based on a savagely insecure investment.
Richardson is the ultimate guarantor, he could put his hand in his own pocket for the interest payment I suppose, as it would protect the other £18 m he is owed.I think my concern would be whether the business will still be running by the time the next interest payment is due, or at least whether it would have sufficient funds to meet the requirement.
If things are heading south there's something to be said for the bondholders recovering what they can now.
That's been the consensus from people itkIs it confirmed only 700 odd season tickets though?
think the original comment was someone on the wind up but if you go on their website and try and buy a season ticket, you have to create an account so use a burner email, you can see which seats are taken and the 700 doesn't seem too far out to be honest.Is it confirmed only 700 odd season tickets though?
It you listen to the average wasps ‘fan’ they all think it’s sunshine and rainbows and just because the owner said we have a ‘strong’ business plan and another twonk says a couple of concerts and the debts paid off.If they've only sold 719 season tickets or whatever how the hell are they paying players and staff, its a business which just can't carry on in its current guise for sure. If Richardson is not putting money and with all their overheads and debts it can't be long before something gives surely.
Are they trying to make the players so embarrassed they all leave and they don't have to pay them?
Where fromBrilliant wasps profiling. I’ve been offered tickets for 3 games
Where from
A postal mailer that I assume is some kind of business promotion thing - shows specific matches - I assume they are blasting loads out to companies
think the original comment was someone on the wind up but if you go on their website and try and buy a season ticket, you have to create an account so use a burner email, you can see which seats are taken and the 700 doesn't seem too far out to be honest.
Couldn't be bothered to count but there were not many taken at all.
They are supposed to be issuing a consent solicitation by the end of August which will basically be asking the bondholders to agree to a change to the terms of the bonds. Doesn’t necessarily mean they will have the refinance in place though: if they did presumably they would redeem the bonds. 75% of holders by value have to vote for the change.When is the announcement on the refinancing, is it this week or next, and will it be a likely we're working with our partners for the best outcome for our bondholders.
A postal mailer that I assume is some kind of business promotion thing - shows specific matches - I assume they are blasting loads out to companies
Christ, so literally just a random mailshot?
There was a link on their website, might still be there, where literally anyone could put their email address in and get free tickets yet they claim they aren't handing out free tickets like they used to and that's why crowds are down.
I'd normally agree, but just atm they can't claim figures if not taken up, and te lower the better to make them look unviable.Claim the free tickets and obviously don’t go, hopefully it stops somebody getting them and then spending money in the ground, nobody believes their attendance figures anyway.
BRILLIANT
I did see that a couple of wasp idiots have given his business a bad review so city fans have been giving him good reviews.
It's exhall by the car dealership and where black horse used to be.Where is it?
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