Nick
Administrator
Slightly different when so much is owed externally surely?
Slightly different when so much is owed externally surely?Hard to see what this will ultimately mean. Having gone through our own administration and coming out the other side with very little changed I’m sceptical about Wasps pending administration.
Slightly different when so much is owed externally surely?
what happened to our old pal dubai dodger?
What we thinking? Moonstone coming up with their very own Otium?It’s very different and it seems to be an attempt at sale pre admin
`The clock is ticking?It’s very different and it seems to be an attempt at sale pre admin
Has the other Wasps forum gone down?
`The clock is ticking?
Would still need to pay their bills though wouldn't they?It’s very different and it seems to be an attempt at sale pre admin
They seem to owe HMRC, don’t recall us owing HMRC. That’s a big difference.Slightly different when so much is owed externally surely?
And bond holders.They seem to owe HMRC, don’t recall us owing HMRC. That’s a big difference.
We did when SISU bought us, SISU paid the debt.They seem to owe HMRC, don’t recall us owing HMRC. That’s a big difference.
They seem to owe HMRC, don’t recall us owing HMRC. That’s a big difference.
They seem to owe HMRC, don’t recall us owing HMRC. That’s a big difference.
We didn't have a £35m debt secured against our primary asset either. They're all out of wriggle room, that's why they've gone for Administration.
They haven’t gone for administration
Yet. They have started the process to stop being wound up by HMRC
It matters not. They are not in administration and I think have 14 plus 14
But after that time, If nothing is sorted they are done for.
I doubt going down this route breeds confidence to any lender.
What about a buyer?
I just cant see anyone wanting to buy them. If someone new is interested they dont have much time to do due diligence.
If they have someone lined up. Are they going to want to pay of all the debt or let them go under and buy cheaper
Seem to remember various football clubs going down this route as a preventative measure.Wasps statement: Club's 138-word response to administration reports
Wasps have issued a 138-word statement following reports that the Premiership club had filed a High Court notice to appoint an administrator.www.rugbypass.com
Using the funds from hyam I heard.What about a buyer?
They won’t have an option to buy if going under will they
Genuinely, Mike Ashley's helicopter just flown over Kenilworth and landed somewhere near Frankton..
But I'm a UK tax payer and I feel like I'm winning real good right now.Unless you are an economically illiterate person you would never invest in a Premiership rugby club. Everyone one of the clubs … bar Exeter …. Lose money every year and Wasps business plan is a total basket case.
Ultimately it’s us the tax payers of UK who lose out with these situations
Guess not. So who's going to want to pay the debt to HMRC + others to buy them
Better lice than nits I guessMight be on his way to delicer that pair of shorts I've been waiting a month for
Sisu did
Genuinely, Mike Ashley's helicopter just flown over Kenilworth and landed somewhere near Frankton..
Better lice than nits I guess
Crikey, you've got incredible eyesight. Are you an Elf?
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