Samo
Well-Known Member
As long as they fuck off I don't care where to or why.
Seems almost too good to be true for Wasps.
Merge with Irish, move to Plough Lane, have a year in the Champ, get promoted and a year's grace to get the stadium capacity increased by less than 1,000.
Perhaps the local council will help them out?
I'd have an uneducated guess that he would rather not though.The Ashley deal indicates he’d buy Wasps as well
You make SISU sound like angels.Why would any other club or local authority wanna deal with Wasps though? They’ve proven in the past with QPR, Wycombe and us to be a massive pain in the arse and complete parasites.
If I was reading this as a London Irish fan, I’d sooner the club go into admin, be relegated and lose the P share if it meant not merging with Wasps!
Yep seen that said beforeA thing to consider with Ashley is his company tax situation, in that having sold NUFC last year.
Would I be correct in thinking he has a limited period of time to reinvest the profit before capital gains tax kicks in?
I’d welcome the accounting experts on here answering that question.
If I’m correct in my assertion then buying the arena & CCFC fits his timeline
It should go back to the original people that were kicked out by WaspsRichardson and Holland will make millions by selling for housing in affluent Henley in Arden, the intention all along know doubt
Today's Rugby paperView attachment 26619
Reeves is doing his best to find a solution!I can see the headlines tomorrow: "Wasps saved by mystery benefactor". CCC say it wasn't them and the head scratching begins.
Next year they will be audited and there's an outgoing of £x million that nobody knows where it went
Too late now I think. Had it just been the year on year losses maybe someone would have had a punt and tried something, but to shell out nr 50mill on the 1st day, nah.I can see the headlines tomorrow: "Wasps saved by mystery benefactor". CCC say it wasn't them and the head scratching begins.
Next year they will be audited and there's an outgoing of £x million that nobody knows where it went
Reeves is doing his best to find a solution!
When does the axe fall, tomorrow or Tuesday ?Even he’s going to struggle now
When does the axe fall, tomorrow or Tuesday ?
Unless Duggins and Co offer a financial package tomorrow nightI assume the winding up order is tomorrow and technically they’d have until Wednesday but I think they are already telling players to find other clubs
Unless Duggins and Co offer a financial package tomorrow night
We would be looking at 10s of millions, and even that would only prolong the agony. Fact is they never had the money to buy it initially hence the bonds. In theory they still haven't paid for it.Not possible - the amount would have to be ridiculous and even wasps fans accept that’s untenable
I imagine they could only extract it after insolvency, so the bond holders would be in line for what's left from the administrator. CCC wouldn't be liable unless they purchased Wasps.Is there anyway the council can extract the lease without the bond holder debt?
So if they went into admin tomorrow, the council could take the lease back and sell it again?I imagine they could only extract it after insolvency, so the bond holders would be in line for what's left from the administrator. CCC wouldn't be liable unless they purchased Wasps.
So if they went into admin tomorrow, the council could take the lease back and sell it again?
View attachment 26627
Is This guy Jan? Sounds like he won’t be following Wasps out of Coventry
That seems to be the terms.
On Another note: Is this Ashley stuff actually credible? I thought the reports were about him opening a store at Ansty or something?
He’d be mad not to have an agreement or at least spoke to SISU before this? No point buying the Ricoh if SISU are entrenchedIts entirely credible
He’d be mad not to have an agreement or at least spoke to SISU before this? No point buying the Ricoh if SISU are entrenched
He’d be mad not to have an agreement or at least spoke to SISU before this? No point buying the Ricoh if SISU are entrenched
They have a choice. Continue to strip money off the club at a snail’s pace or accept considerably more up front.
I have the impression that is the case ,taking into account the article some weeks ago about ccc talking to its legal team. Not sure about selling it but they will have an input into where it ends up.So if they went into admin tomorrow, the council could take the lease back and sell it again?
Oh no ffs, Duggins and Reeves making the desicion where the lease ends upI have the impression that is the case ,taking into account the article some weeks ago about ccc talking to its legal team. Not sure about selling it but they will have an input into where it ends up.
They won't have many options, that's for sure. Time they had serious thoughts about the freehold of the lot.Oh no ffs, Duggins and Reeves making the desicion where the lease ends up
Oh no ffs, Duggins and Reeves making the desicion where the lease ends up
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