Brighton Sky Blue
Well-Known Member
Knowing Wasps’ luck that’s what he’ll do
The only way it could possibly work is if he wrote off all his debt then paid off the bond holders himself for the arena.
The thing has been a shit show from the start of its build and will only ever potentially work without a mountain of debt around it but nobody has ever managed to make it work.
i hope we are back at the Ricoh soon but in the medium term the Ricoh is doomed it will be the largest white elephant in Coventry and will be knocked down eventually
i hope we are back at the Ricoh soon but in the medium term the Ricoh is doomed it will be the largest white elephant in Coventry and will be knocked down eventually
Yeah people laughed when I said it was a white elephant
Yeah people laughed when I said it years ago
Positive News for the Academy - Wasps pull out of Higgs
Scenario 3 whilst watching Wasps and doing everything they can possibly do to make life financially difficult for them. When eventually Wasps decide to sell the business up to anyone apart from SISU abd we start again. Surely Joy wants an exit strategy that entails her getting her clients money...www.skybluestalk.co.uk
When did you say it G?
2017 - the fact is in their own sport they are more successful than us but it still can’t work. It will never work
So what's the answer?
Indeed, the arena, casino and exhibition hall was a shaky proposition in the first place further hamstrung by the stupid Yorkshire Bank loan which has effectively resurfaced as the bond.2017 - the fact is in their own sport they are more successful than us but it still can’t work. It will never work
Hopefully not a lot!Wonder what the prize money is? Huge win today
Hopefully not a lot!
..... can't imagine it will be....
Or that, whatever the amount, it will put a dent in their debt!!
Exeter in the Final??.....
.....that is what Bobby and the Telegraph will say anyway!!Considering this is 2020 they'll probably get £100 million per point
.....that is what Bobby and the Telegraph will say anyway!!
How does the league work. Do play off games just give you an extra 3 points ?
So in theory if Exeter win today they win the league
Doesn't that end up making loads of league games dead rubbers with teams that are either already in the playoffs or def out not giving a shit?no playoffs are like football playlffs winner takes all
Yes.... Wasps last game vs Exeter.Doesn't that end up making loads of league games dead rubbers with teams that are either already in the playoffs or def out not giving a shit?
no playoffs are like football playlffs winner takes all
In a nutshell, yes..just like the league version of the beautiful egg game.So basically the league is completely pointless for finishing 1st. No wonder the buy in from TV is low
The only way it could possibly work is if he wrote off all his debt then paid off the bond holders himself for the arena.
The thing has been a shit show from the start of its build and will only ever potentially work without a mountain of debt around it but nobody has ever managed to make it work.
Saw some pictures of the event... full of oldies.... like a scene from Cocoon.Anybody seen that video Bobby Bridge posted of Wasps celebrations?
It's so shit it's amazing, partridge-esque.
I think wasps fan seems to forget they couldn’t get a lender so what down the bonds route. If that’s not the correct then Richardson is stupid. The interest from a bank would have been alot less'You would like to think that as many of the bondholders are fans, Richardson would refinance and repay in full at some point rather than letting the business go bust, even if that means forgoing the interest payments at some points along the way.
I understand the current situation is a bit crap, but cannot see how a team now in the Premiership final with arguably the best stadium in domestic rugby would not be attractive to an outside investor or potential buyer. If they were to let it go bust and return very little cash to investors, not only does that have serious repercussions for the team, but would alienate the fans they will be relying on in 12 months time to come back to the games and buy the pies and pints.'
Business 101
is company making huge losses and isn't feasible, If yes dont invest....
I really hope none of their supporters have invested on the basis that Richardson will sort them out if it all goes tits up. If he had that sort of money to throw around they wouldn't need a bond in the first place.'You would like to think that as many of the bondholders are fans, Richardson would refinance and repay in full at some point rather than letting the business go bust, even if that means forgoing the interest payments at some points along the way.
HAHAHAHAHAHAWonder if Wasps fans are having second thoughts about when they were pushing for Sale to forfeit their game due to a covid outbreak in their squad.
Wasps: Four players and three staff members test positive for Covid-19
Four Wasps players and three staff members who work in the playing department of the Premiership finalists test positive for Covid-19.www.bbc.co.uk
Couldn't make it up.Wonder if Wasps fans are having second thoughts about when they were pushing for Sale to forfeit their game due to a covid outbreak in their squad.
Wasps: Four players and three staff members test positive for Covid-19
Four Wasps players and three staff members who work in the playing department of the Premiership finalists test positive for Covid-19.www.bbc.co.uk
Interesting that there star player is injured. Has anyone got any foil I’ve used the last making my hatCouldn't make it up.
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