Gynnsthetonic
Well-Known Member
Australia v Scotland I think
Australia v Scotland I thinkThink it is just one game at CBS Australia is one team I believe
That will be about 60-0 then.Australia v Scotland I think
Am I reading that right? Wasps have been desperately searching for a way to pay the bonds for months. Someone offered a solution so they turned it down. They have now somehow persuaded HMRC to pursue action in order to force the hand of the investors they turned down?
Agreed. If it goes into administration first the administrators will have to do a conduct report though. Looks like administration is the likely process unless a solvent deal is secured, how they exit is the unknown
I was confused as well. Didn’t make sense.Its my tweet hes quoted and i dont actually know what hes getting at here??
No. They require payment in full and it’s non negotiable otherwise they will force liquidation/winding up order. Hence they are always the ones who end up starting the process.Do HMRC allow you to negotiate some pennies for a pound or will any new owner have to pay it in full?
But can that payment be delayed with negotiation or will there be a time limit, it has been said owe the taxman a couple of grand you might end up in jail owe a couple of million you get an invite for dinner.No. They require payment in full and it’s non negotiable otherwise they will force liquidation/winding up order. Hence they are always the ones who end up starting the process.
As they fucking well should might I add
Smoke and mirrors with various subsidiary companies I think is the implication mateIf they went bust, why would they be able to move on and not be relegated? If they go bust they won’t exist
But he’s suggesting they’d lose the ground. Otium was built to shift whatever assets we had And leave the debt in another companySmoke and mirrors with various subsidiary companies I think is the implication mate
A la Otium
It’s a closed shop - they’ll plead Covid and get on with itThe RFU will have no choice but to relegate them, but at the end of this season like Saracens 2 seasons ago. If they don't I think Saracens will be all over them. CRFC V them next season, lovely jubbly lol and even if they open up a promotion place, Worcester or Ealing could well take it.
Wonder if they'll be dishing out freebies for their home game against CovThe RFU will have no choice but to relegate them, but at the end of this season like Saracens 2 seasons ago. If they don't I think Saracens will be all over them. CRFC V them next season, lovely jubbly lol and even if they open up a promotion place, Worcester or Ealing could well take it.
Home game in??? Either Brum or back in London I guessWonder if they'll be dishing out freebies for their home game against Cov
That works with naive supportets, can't see an administrator going for it. Remember their Administration won't be like ours.It’s a closed shop - they’ll plead Covid and get on with it
I’m talking about the relegation, the RFU won’t relegate waspsThat works with naive supportets, can't see an administrator going for it. Remember their Administration won't be like ours.
If they don't Saracens will be all over them. If they go into admin they are relegated. RFU can't afford to fight Saracens.I’m talking about the relegation, the RFU won’t relegate wasps
I’m talking about the relegation, the RFU won’t relegate wasps
If they don't Saracens will be all over them. If they go into admin they are relegated. RFU can't afford to fight Saracens.
Difference is Saracens out and out cheated - different scenario, their rules make provision for instances out of the clubs control- like worldwide pandemics.Isn’t it part of the RFU’s own rules that any club entering administration will be automatically relegated? As someone above mentioned, Saracens will be all over them if they decide to keep them in the Premiership.
Edit: Pipkin beat me to it!
Then Worcester will claim the same, either both stay up or neither.Difference is Saracens out and out cheated - different scenario, their rules make provision for instances out of the clubs control- like worldwide pandemics.
Wasps will plead that (even though we know it’s bollocks) and will be successful because it’s a plausible excuse - they can claim they were on course to break even by now, and nobody can refute it
Then Worcester will claim the same, either both stay up or neither.
Difference is Saracens out and out cheated - different scenario, their rules make provision for instances out of the clubs control- like worldwide pandemics.
Wasps will plead that (even though we know it’s bollocks) and will be successful because it’s a plausible excuse - they can claim they were on course to break even by now, and nobody can refute it
Not really, Worcester are fucked as the tax man is after them. Wasps gave notice as the tax man is after them. Wasps are behind Worcester but the same problems plus more.
But that is not why they are getting kicked out, it's the debt to HMRC. They have been able to play games and this weeks is on also as they have obtained a safety certificate.It’s totally different. Staff aren’t getting paid - they have not insured the ground and if they don’t pay that they are turfed out next week
It needs to go semi-pro again, sort itself out and then go pro again with new rules. If it carries on as it is (to compete with the United Championship) and the European competitions it's gone. Glad CRFC never made it up, when all the shit settles they might be in a good place.The finances of Premiership Rugby Clubs is nuts......similar to the Championship, but at least the clubs in the EFL have the chance to reach the riches of the promised land of the PL.
From recent survey of Premiership Rugby clubs only Exeter were showing profits or breaking even pre-Covid. The potential of administration from both Worcester & Wasps damages the credibility of rugby. Interest in the game has fallen both here and Australia.
The clubs need a reality check.....if they reverted to a pay scale for players on what they can afford, then they might be sustainable. That would equate to massive wage reductions, but are enough of the clubs prepared to grasp that nettle before they go bust? I doubt it!
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