duffer
Well-Known Member
I'm not sure Worcester fans (best described as 'long-suffering') would agree. I wonder if a ground share would suit both parties though. Time for Wasps to pull that 'nomad' card again?
Worcester Wasps is lovely alliteration
Presumably they're slightly worried about whats happening to the lease given the bondholders will surely now be wanting their security.Wonder what legal advice the council are getting?
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These are the duties of an administrator. Yes to get best benefit for the creditors but also if best for creditors to save the company
Wonder if some assets have moved location
Or how to bail them out.Presumably they're slightly worried about whats happening to the lease given the bondholders will surely now be wanting their security.
Said it before but I was surprised there didn't seem to be any clause that saw the lease return to the council if something like this happened.
that really wound me up. there is, or at least was, notes on the council website about a meeting where the football club ending up owning the lease was discussed and they spoke about how if that happened there must be a clause to prevent the club using it as security on finance.Or how to bail them out.
Surely the council consented to the security against the lease though? After all that's why they would never have given it to ccfc.
If, and its still a big if IMO, Wasps lose control of the ground to the bondholders, is there a strong case for them staying at the CBS? 5K in a stadium that holds over 30K isn't fun as we've experienced when we've had some cold nights in the early rounds of the paint pot cup and will only get worse if the current results are maintained and we head into winter. Would that be the point at which they admit the experiment has failed.
Of course that leaves the question of where they would go. Brentford would be the obvious answer being literally minutes from where the club was previously based but having told their supporters that wasn't an option as rugby wouldn't be allowed there London Irish have moved in.
Presumably they're slightly worried about whats happening to the lease given the bondholders will surely now be wanting their security.
Said it before but I was surprised there didn't seem to be any clause that saw the lease return to the council if something like this happened.
Presumably they're slightly worried about whats happening to the lease given the bondholders will surely now be wanting their security.
Said it before but I was surprised there didn't seem to be any clause that saw the lease return to the council if something like this happened.
if it reverts to the council what happens to the bondholders security, are they completely fucked?In administration there is a clause and it’s not in administration yet
if it reverts to the council what happens to the bondholders security, are they completely fucked?
Shugs has lost his login for both Wasps forums as wellMaton’s Twitter must be blocked or broken as he has stopped tweeting.
Maton’s Twitter must be blocked or broken as he has stopped tweeting.
Probably the same person.Shugs has lost his login for both Wasps forums as well
ACL2006 is the key one?
There's two school's of thought here:
1) Does this benefit CCFC?
2) Does it mean Wasps will fuck off and die?
Even if it is only number 2, I'm still really happy to be honest. I'll never forgive them, or the people that enabled them. That includes the council, and 'fans' that jumped ship because they wanted to watch 'premiership rugby' whilst CCFC were stuck gasping for air. Seriously, fuck all of them.
Interesting statement by Wasps just now. Say they’re in talks with a number of parties to secure the long term future of the Wasps group.
Interesting statement by Wasps just now. Say they’re in talks with a number of parties to secure the long term future of the Wasps group.
Wonder what legal advice the council are getting?
Interesting statement by Wasps just now. Say they’re in talks with a number of parties to secure the long term future of the Wasps group.
That statement muddies the water a bit
That statement muddies the water a bit
They have been for months, haven't they? They agreed it months ago.Weren't they in talks to restructure finance for the bond a few days ago?
Presumably they're slightly worried about whats happening to the lease given the bondholders will surely now be wanting their security.
Said it before but I was surprised there didn't seem to be any clause that saw the lease return to the council if something like this happened.
They have been saying that for months...Interesting statement by Wasps just now. Say they’re in talks with a number of parties to secure the long term future of the Wasps group.
Stick it in a shat in pint and neck it
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