AFCCOVENTRY
Well-Known Member
I’ve heard they had Kwasi as an independent consultant to help them.
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Just reading Stephen Vaughan’s comments how they had some many talented people at Wasps. Shame none of them were any good at finance……. bit like Liz Truss and her friend
Wasp very own Kwasi KwatengVaughans lack of grip on reality is extraordinary
How can he seriously claim to have broken even for 6 months (big deal anyway) when there was at least £35 million to pay back, which they didn’t have"
- HMRC called in the balance on their debt despite a payment plan that was being followed as agreed
- HSBC reneged on financing at the Eleventh Hour
- pre-covid the group had 6 months of breakeven months
"
So it was HMRC's, HSBC and coves fault not anyone at wasps
Wasps exclusive: 'We're all sad and angry, including me' - Stephen Vaughan
Group chief executive is among those who have been made redundant after Wasps entered into administrationwww.coventrytelegraph.net
still VV once a wasp - always trying to cash in on misfortune - always a wasp
Heard they’re telling players to not sign for other clubs for the next 72 hours. Is that legal?
Probably a hint to say there's a buyer lined up.
"
- HMRC called in the balance on their debt despite a payment plan that was being followed as agreed
- HSBC reneged on financing at the Eleventh Hour
- pre-covid the group had 6 months of breakeven months
"
So it was HMRC's, HSBC and coves fault not anyone at wasps
Wasps exclusive: 'We're all sad and angry, including me' - Stephen Vaughan
Group chief executive is among those who have been made redundant after Wasps entered into administrationwww.coventrytelegraph.net
unlikely and the contracts have been terminated
Heard they’re telling players to not sign for other clubs for the next 72 hours. Is that legal?
He's a pervertstill VV once a wasp - always trying to cash in on misfortune - always a wasp
Seems unlikely but can't see any other rational explanation to them being told to hold fire for a few days. (If that's true)
No, do you have £35m to spareAm I to late to buy some wasps bonds?
I would say so. That said, there's a stadium available.Am I to late to buy some wasps bonds?
The council could give acl a "helping hand".Well, ACL 2006 have 10 working days to find a buyer, if that doesn't happen and they go bump too what happens then?
Will Sisu show an interest, a big couple of weeks coming up especially with 3 home games on the trot coming up
Just reading Stephen Vaughan’s comments how they had some many talented people at Wasps. Shame none of them were any good at finance……. bit like Liz Truss and her friend
Bye Bye Wasps will fit too thenShould put PUSB there
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Bye Bye Wasps will fit too then
The council will want a bidding war. SISU will not. They will play hard ball and I would not be shocked to see them do one of two things in private negotiations.Well, ACL 2006 have 10 working days to find a buyer, if that doesn't happen and they go bump too what happens then?
Will Sisu show an interest, a big couple of weeks coming up especially with 3 home games on the trot coming up
I worry they are trying to get a deal with NEC for the arena. But surely a lease has to be reassigned and landlord consent required. So will the council provide that consent? It would be extraordinary to let the arean go to new ownership and CCFC still be it's tenant. Even the NEC would have sense to wait for admin in 10 days time to pick it off on the cheap? So too could SISU or any other interested party? The council as landlords should step in here as they have a clause do they not of nulifying the lease under the terms if admin is called in?
It seems the country is in a mess and everywhere else is in a mess and nobody knows what the hell to expect next. one thing for sure - this has to be the golden opportunity for CCFC to regain ownership of 'their' stadium. Will SISU or anyone else step up and grab a bargain?
If there was a deal close, then it's surely too late now. If the players want to wait until next year to possibly play in the championship, then I guess that's up to them. The better ones won't though!
he's got to try and justify his mismanagement somehowVaughans lack of grip on reality is extraordinary
With Wasps and Worcester going bump, cuts in Championship funding in recent years, Premiership Clubs at or near the salary cap - there is a lot of those 80 odd rugby players who have suddenly flooded onto the market with little choice but to wait and hope.
Fair play to him.The council could give acl a "helping hand".
Would have happened already by all accounts if it hadn't have been leaked/opposed on social media and e.mails (See Gilbert's tweets tonight)... I'll see if I can paste below;
No sorry"
- HMRC called in the balance on their debt despite a payment plan that was being followed as agreed
- HSBC reneged on financing at the Eleventh Hour
- pre-covid the group had 6 months of breakeven months
"
So it was HMRC's, HSBC and coves fault not anyone at wasps
Wasps exclusive: 'We're all sad and angry, including me' - Stephen Vaughan
Group chief executive is among those who have been made redundant after Wasps entered into administrationwww.coventrytelegraph.net
he's got to try and justify his mismanagement somehow
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