Wasps downward spiral... (5 Viewers)

[Kneeza]

Do they play on artificial, is that allowed at that level? If not I'd be very worried about the pitch

Pretty sure it's grass.

 

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[shepardo01]

Solihull is grass.

Wonder just how big the appeal will be.
The CBS is a very nice and comfortable ground - very nice hospitality, good varied food outlets in high number.
Sure it all added to the experience of going to a Wasps game. Attracted many of our local councillors!!

There will be nothing like that at Damson Park!!

 

[fernandopartridge]

Solihull is grass.

Wonder just how big the appeal will be.
The CBS is a very nice and comfortable ground - very nice hospitality, good varied food outlets in high number.
Sure it all added to the experience of going to a Wasps game. Attracted many of our local councillors!!

There will be nothing like that at Damson Park!!

Agreed and despite the amenities and top flight rugby they were still down to sub 4k by the end, hard to see where they're gonna get the punters from

 

[Grendel]

Downward spiral continues

Worcester Warriors and Wasps owners set 'final deadline' by RFU over 2023/24 Championship entry

Worcester Warriors has been purchased by the consortium led by its former chief executive Jim OToole and James Sandford; RFU has given Worcester and Wasps until February 14 to meet ownership conditions for them to be allowed to feature in the Championship for the 2023/24 season

www.skysports.com

 

[Nick]

Ouch.

Why have the new owners not completed?

 

[Sky Blue Pete]

Ouch.

Why have the new owners not completed?

What’s in it for them

 

[Nick]

What’s in it for them

Being able to play Rugby.

 

[clint van damme]

Ouch.

Why have the new owners not completed?

Another bunch of chancers?

 

[chiefdave]

Wasps having trouble with a bond, surely not!

 

[HuckerbyDublinWhelan]

Downward spiral continues

Worcester Warriors and Wasps owners set 'final deadline' by RFU over 2023/24 Championship entry

Worcester Warriors has been purchased by the consortium led by its former chief executive Jim OToole and James Sandford; RFU has given Worcester and Wasps until February 14 to meet ownership conditions for them to be allowed to feature in the Championship for the 2023/24 season

www.skysports.com

Still love that your on hand to deliver wasps fans bad news on drunken wasps - you’re the hero we deserve

 

[HuckerbyDublinWhelan]

has Shugs been on hand to tell them it’s all standard business practice?

 

[jordan210]

 

[fernandopartridge]

Downward spiral continues

Worcester Warriors and Wasps owners set 'final deadline' by RFU over 2023/24 Championship entry

Worcester Warriors has been purchased by the consortium led by its former chief executive Jim OToole and James Sandford; RFU has given Worcester and Wasps until February 14 to meet ownership conditions for them to be allowed to feature in the Championship for the 2023/24 season

www.skysports.com

I get the feeling that the Wasps legend and Holland still suffer from the same delusions of grandeur that led to old Wasps' demise.

 

[Terry Gibson's perm]

Did the bond holders ever get a payout?

 

[Nick]

Did the bond holders ever get a payout?

Not yet I dont think.

 

[clint van damme]

Not yet I dont think.

That's sad.

 

[tisza]

Haven't gone into the detail of admin report but was a figure ever reached for the total amount that RFU were insisting had to be repaid in order to continue?

 

[Grendel]

has Shugs been on hand to tell them it’s all standard business practice?

he thinks it might mean they are getting ready to offer Ashley a deal to return to the CBS

 

[Terry Gibson's perm]

he thinks it might mean they are getting ready to offer Ashley a deal to return to the CBS

The only reason they would come back to the cbs is that they don’t like money and want to go bust again sooner, they should just fuck off to Solihull where they are not wanted either.

 

[tisza]

he thinks it might mean they are getting ready to offer Ashley a deal to return to the CBS

Has he ever been right on anything?

 

[Grendel]

Has he ever been right on anything?

he got some of my quiz questions right

 

[Kneeza]

he got some of my quiz questions right

The ones about Monty Python film characters?

 

[Grendel]

The ones about Monty Python film characters?

 

[Kneeza]

Bet he counted it as a win though.

 

[oldfiver]

Not yet I dont think.

03/2/2023 10:43

In fact the resolution that the Trustee will be asking the bondholders to agree to goes even further than just approving the receivers fees. We are also being asked to agree that we will waive any claim we may have against the Trustee and indemnify the Trustee against any claims, etc., etc. I was going to say more but I think I have reached the stage of genuinely being lost for words!

03/2/2023 10:04

My understanding is that the receivers are looking for approval to charge more fees as part of the winding up process. If they don't get that approval then they will go to court to seek approval (this will undoubtably be granted). If they need to go to court then they will take the fees out of the eventual settlement. Unfortunately they require 90% approval. Given that we couldn't even manage to get 25% approval to give us some kind of control over who/when we sold the assets to the chances of reaching 90% are zero. Personally I'm not even going to waste my time voting as it won't make any difference. The hourly rates we are being charged are pretty crazy. Hopefully they'll just get it wrapped up ASAP and distribute what little remains. Certainly the last retail bond I'm ever touching!

 

[Terry Gibson's perm]

I bet the administration team have absolutely hammered this.

 

[tisza]

I bet the administration team have absolutely hammered this.

fees in the wasps admin report give an idea of how high they can be

 

[jordan210]

New stadium rumour for them is Sixways. yes the former home of Worcester warriors.......

Literally across the road from the local small team Worcester Rugby Football Club

 

[Evo1883]

New stadium rumour for them is Sixways. yes the former home of Worcester warriors.......

Literally across the road from the local small team Worcester Rugby Football Club

Horrible bastards aren't they

 

[vow]

New stadium rumour for them is Sixways. yes the former home of Worcester warriors.......

Literally across the road from the local small team Worcester Rugby Football Club

you on about the parasite insects or Worcester Warriors? As I've just posted this in the Cov rugby thread.

Worcester Warriors name to disappear - O'Toole

COV RFC 2022 - 2023

 

[jordan210]

you on about the parasite insects or Worcester Warriors? As I've just posted this in the Cov rugby thread.

Worcester Warriors name to disappear - O'Toole

COV RFC 2022 - 2023

Insects new stadium rumour is for Worcester. Stay classy wasps

 

[vow]

Insects new stadium rumour is for Worcester. Stay classy wasps

Don't know whether to laugh (bemused), be angry or what!

However, for some reason it doesn't surprise me how low our old insect parasite overlords will stoop.

 

[Kneeza]

While I'd detest all else that that precipitates, at least it gets them further away from Cov. So not ALL bad.
Biggest downside is that they'll ultimately get the RFU Academy for South Warks should they get back to the Prem.

 

[Nick]

Guessing it's because Worcester going pop means there's a stadium spare.

 

[Sick Boy]

While I'd detest all else that that precipitates, at least it gets them further away from Cov. So not ALL bad.
Biggest downside is that they'll ultimately get the RFU Academy for South Warks should they get back to the Prem.

I still wouldn’t rule out them trying to come back to Coventry at some point.