Yes hard to prove, but ChiefDave (post #713) reckons there may have been a witness connected to Wasps who was prepared to speak about it? It's not like they were merely struggling a bit, and realistically hoping to turn the corner. They were tens of millions down.it’s a civil matter in reality if anything and it’s very difficult to prove directors acted knowingly when the company is insolvent
There is nothing against EPIc, just a blank space (edit the numbers don’t seem to line up very well against the list of creditors so hard to tell). The £905k seems to be owed to Ernst and Young. There is £280k owed to Wigley Construction who built EPIC/ WNTG.Re training ground. Im guessing they lumped lots of the costs ageists the club for equipment and so on. The Holland purchased the other half to keep wasps/Richardsons with some money then rented it back at a stupid cost.
As Epic is owed nearly a million quid.
New 50p will look like.
Apologies for doubting this in an earlier post. I have checked with my trusty steel ruler and it does look as if it is EPIC that was owed £950k.Re training ground. Im guessing they lumped lots of the costs ageists the club for equipment and so on. The Holland purchased the other half to keep wasps/Richardsons with some money then rented it back at a stupid cost.
As Epic is owed nearly a million quid.
Apologies for doubting this in an earlier post. I have checked with my trusty steel ruler and it does look as if it is EPIC that was owed £950k.
Championship clubs 'left in limbo' by Wasps & Worcester, says Coventry CEO Nick Johnston
Coventry CEO Nick Johnston is frustrated by the uncertainty over the RFU's handling of Wasps and Worcester.www.bbc.co.uk
And why should they?Safe to say they dont like Wasps
Wasps owe Veae Fafita Rugby Acadamy £35 grand I think - Vaea Fafita is an ex player who started the company when he signed for wasps - as did Brad Shields
There doesn’t seem to actually be an academy
Think it shows how useless RFU and Rugby Premiership are. Now saying they want a competitive 2 tier system having spent years gutting the finances from the 2nd Tier. There are few 2nd Tier clubs that can hope to meet Premiership entry requirements, finance academies etc. Wasn't long ago they were talking about creating a closed shop and basicallly finishing off Championship clubs.His comments are completely fair, and pretty much bang on to what a lot of us have been saying.
And they like to call Saracens "The Cheats" for circumventing the salary capWasps owe Veae Fafita Rugby Acadamy £35 grand I think - Vaea Fafita is an ex player who started the company when he signed for wasps - as did Brad Shields
There doesn’t seem to actually be an academy
..... apparently they want "extra investment" to help rebuild the club.....
Un-fucking-believable....
Can't believe the workaround they manufactured to keep "their" training ground!!....The solihull community?
If they haven’t got money they should cut their cloth accordingly.
Anyone up to buy a bond lol..... apparently they want "extra investment" to help rebuild the club.....
Un-fucking-believable....
MWho the heck is this!!??
Anyone up to buy a bond lol
Look at the state of rugby in England in general, the RFU have badly mismanaged it. Guess they wish they hadn’t turned off half the country into preferring League all those years ago-then maybe they really would have a rival to football.Championship clubs 'left in limbo' by Wasps & Worcester, says Coventry CEO Nick Johnston
Coventry CEO Nick Johnston is frustrated by the uncertainty over the RFU's handling of Wasps and Worcester.www.bbc.co.uk
'But Scott insists that they can all live happily alongside each other and sees this as a hard reset to re-establish Wasps in the Midlands and draw a line under the past.'
So they seem to have decided that the West Midlands is now their home, and there is no trace of embarrassment or an apology for the damage they've done. Hard to believe really, but the clear implication is that sooner or later they are going to be sniffing around this area wanting to play in a bigger stadium again.
Yes, should have made it clearer. Not sure a CEO or a journalist would use the phrase 'sniffing around'I assume the second paragraph is yours?
I'd like to hope that their long term plan is on the same basis as SISU's long term stadium plans.The idea they were selling in 2014 was that they would bring a completely new level of rugby entertainment to the city, invest in facilities etc. They betrayed all of that and inflicted huge losses on people. Now they are openly saying in this article that they want to start again in the lower leagues, muscling in and competing directly with established clubs in the area. They are expecting people to forget the damage they’ve done and support them as a local team. I can’t see any logic in it myself, but there are hints being thrown out to suggest they have ‘partnerships’ lined up. "We have a long-term plan with a long-term partner in mind. We're working on the final terms and anything said now would be premature. But I'd say we should be able to say within weeks.”
I don’t normally deal in conspiracies, but it seems to me that someone is in the background giving them assurances - who?
The council would have to be mad to even consider giving them a loan given the carnage they've caused locally not paying their debts, as well as risking funds on a company that has defaulted on payments.He also did not refute the notion of even one day returning to the CBS Arena, the ground they bought in December 2014, with the help of a loan from Coventry City Council.
"Who's to say we're not?" he said. "And I'm not saying we are. We've not concluded our conversations and we've not signed a contract yet."
The council would have to be mad to even consider giving them a loan given the carnage they've caused locally not paying their debts, as well as risking funds on a company that has defaulted on payments.
Surefire vote loser.
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