Kneeza
Well-Known Member
Is it related to the car place that used to be in Cov many years ago? Up by Priestley's Bridge was it?
Whatever. Like their style.
Is it related to the car place that used to be in Cov many years ago? Up by Priestley's Bridge was it?It's exhall by the car dealership and where black horse used to be.
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.
My understanding is that it's 75% of value of the bondholders, so the large investors will sway any decision.is it 75% approval of those who vote or 75% of the total bondholders as that would make a significant difference.
From looking at that board a lot of people who use companies such as interactive investor won't even know this is happening so won't vote at all. Unless of course those companies can vote on the bondholders behalf without instruction but that seems unlikely.
So if you then assume a large percentage won't be aware or just won't vote then getting 25% who don't approve seems far more likely.
Bobby is Back to serious journalism
'Three things': Wasps' key focus areas Blackett hopes fans spot this season
Wasps kick off their Gallagher Premiership season away to Gloucester in round one on September 11www.coventrytelegraph.net
No news? I thought today was another D Day for a bond announcement?
Consent solicitation supposed to be issued in August, so two working days left. One bondholders has expressed a personal opinion that nothing will come out. That will seriously piss them off.No news? I thought today was another D Day for a bond announcement?
If prem rugby still ring fenced from relegation?
so if wasps did go in to admin and get a points deduction it would be completely pointless.
Do you mean Administration?Rumours that they are avoiding relegation until after the season starts because the RFU can't relegate them after the season starts.
Yep, edited. Cheers.Do you mean Administration?
That’s funny as I swear my account on there just isn’t allowed to post. Have tried on a few browsers and it doesn’t work-just refreshes the page
I'm blocked from posting tooI've posted stuff quite recently and every post was taken down. Some of it sarcastic, but a few quite serious. Ever post gone.
Which thread are you trying to post on?I'm blocked from posting too
Wasp business threadWhich thread are you trying to post on?
Well it looks to be with what appears to be quite a manipulation happening they will be the only one's likely to be able to bring them downThe second funniest thing behind Wasps going bust would be all the people that bankrolled their franchising losing all their money.
Some to council, some to the owner, some on fireworksWhere has the £35m actually gone though, that's a hell of a lot of money
Some to pay back the 14m loan the Council gave them to buy the stadium. But it seems it actually didn't (read somewhere recently) and it has just fallen into the black hole of plugging holes/losses.Where has the £35m actually gone though, that's a hell of a lot of money
You are a quicker typer than me!!Some to council, some to the owner, some on fireworks
First three years of interest payments.Some of it was used for the early interest payments
From bondholders forumThe second funniest thing behind Wasps going bust would be all the people that bankrolled their franchising losing all their money.
This is what annoys me about the revisionists on their forum. They bleat about the council bailing us out on the building of the Ricoh, when they haven't put a penny towards their purchase of the ground. The bond holders paid for it!Some to pay back the 14m loan the Council gave them to buy the stadium. But it seems it actually didn't (read somewhere recently) and it has just fallen into the black hole of plugging holes/losses.
Apparently their owner paid himself some back for some money he put in too ..
And loans from the RFU following CovidThis is what annoys me about the revisionists on their forum. They bleat about the council bailing us out on the building of the Ricoh, when they haven't put a penny towards their purchase of the ground. The bond holders paid for it!
And while I'm on, where's the CVC money gone, eh? As much as they say lovely old rugby man Richardson loves Wasps, I bet the only person who doesn't lose out on all this is himself...
And flags. Never forget the plastic flags.Some to council, some to the owner, some on fireworks
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