Wasps downward spiral... (68 Viewers)

[Mucca Mad Boys]

Worcester maybe going into admin before being bought out, the closed shop the RFU have caused is ridiculous, if they gave out more money to championship clubs it would be so much more competitive. Teams like Ealing, Cornish Pirates, Cov etc would be chomping at the bit for promotion, the stupid requirement of a 10000 all seater stadium don't help at all one bit.

How many rugby clubs regularly get 10,000 fans every game?

It highlights how dumb the Wasps purchase of the CBS was. Even at the time of the purchase, I always wondered what a rugby club would do with a 32k seater stadium.

 

---

[MalcSB]

Tweet from Worcester News equivalent to Bobby Bridge





Breaking Warriors update: I have been informed that the August payroll (due tomorrow) “at this moment” will not be fulfilled for staff and players. According to the owners, this is due to the accounts being frozen. The overall outcome for the club remains uncertain

 

[Gynnsthetonic]

Should that be not on the Worcester downward spiral thread
Hopefully Wasp next

 

[napolimp]

If nothing else, I'd have though that Worcester approaching Wasps says a lot about the position that Wasps are in. It would make no sense for Worcester to approach a club with no survival issues, with such a proposal.

 

[duffer]

It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.

www.bbc.co.uk

 

[Deleted member 5849]

It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.

www.bbc.co.uk

Yeah I'd employ their fundraiser in a flash!

 

[jordan210]

 

[CCFC54321]

It gets better and better…

 

[Terry Gibson's perm]

It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.

www.bbc.co.uk

Didn’t they block another hotel being built in the area so that the London side could build one?

 

[tisza]

It's not going well for them is it. Saying that, I'm impressed with how much public money Wasps seem to be able to screw out of the council/WMCA...

Plans for hotel by CBS Arena stall after funding expires

A deadline has been missed for the hotel by the arena, the West Midlands Combined Authority says.

www.bbc.co.uk

Probably difficult to find investors to build a hotel in these COVID times and all the bond furore wouldn't have helped.

 

[tisza]

Didn’t they block another hotel being built in the area so that the London side could build one?

yep on the junk yard. Wanted to have a Marriott and Macdonalds as well. Council said out of the centre and traffic issues.

 

[Terry Gibson's perm]

yep on the junk yard. Wanted to have a Marriott and Macdonalds as well. Council said out of the centre and traffic issues.

You would think the council would have been happy to improve the area it hardly looks great on the way in scrapyard one side and Rowleys Green club on the other.

 

[MusicDating]

yep on the junk yard. Wanted to have a Marriott and Macdonalds as well. Council said out of the centre and traffic issues.

Junk yard, junk bond...

 

[CCFC54321]

Cant wait till the bond holders see this on the bond site!!!

 

[Gynnsthetonic]

It gets better and better…

But nothing seems to be bothering them though, they owe money left right and centre, can't afford a pitch but are signing a few players and cracking on with the season ahead

 

[Gynnsthetonic]

Cant wait till the bond holders see this on the bond site!!!

It has nothing to do with the bond though, whatever happens they still owe £35m +other loans

 

[Kneeza]

I'm no financier, but, wouldn't two fcked up companies getting into bed with each other just result in an even more fcked up company?
Just seems odd to me, but in a world of Brexit, Old Etonians, and 'offshore', I guess nothing is out of the ordinary.

 

[CCFC54321]

It has nothing to do with the bond though, whatever happens they still owe £35m +other loans

I agree but more bad news to the bond holders only increases the focus on London wasps financial position.

 

[CCFC54321]

But nothing seems to be bothering them though, they owe money left right and centre, can't afford a pitch but are signing a few players and cracking on with the season ahead

And that’s why there in the shit…

 

[Gynnsthetonic]

I'm no financier, but, wouldn't two fcked up companies getting into bed with each other just result in an even more fcked up company?
Just seems odd to me, but in a world of Brexit, Old Etonians, and 'offshore', I guess nothing is out of the ordinary.

Wouldn't they just form a new company and have a golden share whilst their old companies are liquidated

 

[oldfiver]

Cant wait till the bond holders see this on the bond site!!!

Some Bondholders ( and Drunken Wasps ) were led to believe this was a WASPS asset

But when the first licence ran out it was reissued to a Richardson associated company instead. Notice it refers to Mr Richardson ... missing out

 

[Gynnsthetonic]

Some Bondholders ( and Drunken Wasps ) were led to believe this was a WASPS asset

But when the first licence ran out it was reissued to a Richardson associated company instead. Notice it refers to Mr Richardson ... missing out

Hopefully it means he wants out of Coventry full stop rugby club and all

 

[oldfiver]

Hopefully it means he wants out of Coventry full stop rugby club and all

The fee to the Council on getting planning permission was £2m - so that was unlikely to happen ( unless Maton, Reeves and Co gave them a grant )

 

[MalcSB]

I'm no financier, but, wouldn't two fcked up companies getting into bed with each other just result in an even more fcked up company?
Just seems odd to me, but in a world of Brexit, Old Etonians, and 'offshore', I guess nothing is out of the ordinary.

Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.

 

[Kneeza]

Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.

Works for me.

 

[tisza]

Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.

kind of ironic in that Worcester weren't happy with Wasps moving into the area in the first place - youth recruitment and poaching supporters

 

[Flying Fokker]

Unless the merger was based on Wasps moving to Worcester and the arena etc sold to satisfy the bondholders.

Poor old WASPS fans. I don’t think Wycombe fans would move even further. The plastic neutrals who go at the moment certainly wouldn’t. Anyway, what dumbass suggested this?

 

[jordan210]

 

[Gynnsthetonic]

They don't comment on commercial matters only when it suits them

 

[Grendel]

Bobby on the PR fight back

Wasps' recruitment freeze lifted as Blackett hints at recent breakthrough

Gallagher Premiership side Wasps lost the likes of Malakai Fekitoa and Jimmy Gopperth this summer

www.coventrytelegraph.net

 

[Gynnsthetonic]

Bobby on the PR fight back

Wasps' recruitment freeze lifted as Blackett hints at recent breakthrough

Gallagher Premiership side Wasps lost the likes of Malakai Fekitoa and Jimmy Gopperth this summer

www.coventrytelegraph.net

They've gave a new contract to a veteran ex 34 year old worcester player nearing the end of his career so probably now on less money and some trialist who is to be loaned to a championship club

 

[chiefdave]

They don't comment on commercial matters only when it suits them

Gilberts next tweet was genius, "Here are some previous statements from Wasps on commercial matters..." and a list of links to the relevant articles

 

[chiefdave]

Bobby on the PR fight back

Wasps' recruitment freeze lifted as Blackett hints at recent breakthrough

Gallagher Premiership side Wasps lost the likes of Malakai Fekitoa and Jimmy Gopperth this summer

www.coventrytelegraph.net

new shirts must have arrived

 

[AOM]

Gilberts next tweet was genius, "Here are some previous statements from Wasps on commercial matters..." and a list of links to the relevant articles

I think Simon Gilbert has done pretty well with his investigating and reporting of all the recent CBS/Wasps issues.

Seems to be asking the right questions, and then highlights when those questions are being met with silence

 

[MusicDating]

One of the articles that Gilbert linked to from Dec 2014 has some crackers...

Wasps owner reveals motives for Ricoh Arena takeover

Millionaire Derek Richardson says he is not interested in land around Coventry stadium

www.coventrytelegraph.net

He (Richardson) said: "I’m not a property developer, I’ve never developed anything in my life.
Tbf, that's still true; he failed to develop the land around the Higgs, and car park C...

"I’ve never thought of this as something I might make profit from.
Well that's handy...

"We’ve got the chance to build something great here, making Wasps the best club in Europe, and I’m really looking forwards to standing back and seeing what we’ve got in five or seven years."
Oh...