robbiethemole
Well-Known Member
Getting a bale-out it seems, I wonder who has been conned into thinking they are a viable business
Gareth Bale ?Getting a bale-out it seems, I wonder who has been conned into thinking they are a viable business
Its official? The bondholders must be delighted to have received their money, I assume they have received their money based on what Dawkins has posted, I mean as he says he's never wrong, he certainly never been wrong about transfers or things going on at the club
Didn't realise wasps have more life's than catsIs this actually true?
My understanding is that they have been offered the £35m to refinance the bond.Is this actually true?
He doesn’t half talk some plip plop. Referring to a ‘doubter’? What a self indulgent twonk.Its official? The bondholders must be delighted to have received their money, I assume they have received their money based on what Dawkins has posted, I mean as he says he's never wrong, he certainly never been wrong about transfers or things going on at the club
Didn't realise wasps have more life's than cats
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Why if it is going to be redeemed would it need to be relisted,
No, they'll move the debt elsewhere and interest payments will take a massive jump.Can someone summarise for those of us not knee deep in bond issue documents?
Does this mean less likely to go pop and have to lose the ground?
No, they'll move the debt elsewhere and interest payments will take a massive jump.
They will continue to trade in the short term but their £10m a year losses will increase.
In an ideal world - maybe?But wasn’t the bond holders forcing a sale what we were looking for? Sorry I’ve really not been paying attention to Wasps.
They can't. £35m refinancing at 12% (for example) interest is going to fuck them on top of what they are already losing.Long term how they can continue in cov without fab support? Attendances are quite low now as the glory fan scabs desert them
Haven't a clue, could they raise more finance that way ?Why if it is going to be redeemed would it need to be relisted,
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In an ideal world - maybe?
It is actually not quite clear how they hold security on the bond, I don't think its as clear as they own the stadium when they want, which is what we (and they) thought.
If it got to the point where the bondholders would foreclose then I think Richardson has some sisu style dodgy admin planned with the way the companies have been shuffled round lately.
YeahSo basically like every other club, including our own, it’s entirely down to when some rich arsehole gets bored with their project?
In theory is there anything to stop them putting the company within the group that hold the lease into admin, fuck off the bond holders and move the part of the club that is the rugby club to brum?I've heard they were sniffing around the Alex stadium in Brum, that could make sense if they could dump the bonds somehow.
In theory is there anything to stop them putting the company within the group that hold the lease into admin, fuck off the bond holders and move the part of the club that is the rugby club to brum?
There doesn't seem to be any punishment for that in rugby so it would be down to if it could be legally done. Given the Richardson has started moving things around within the group and his personal ownership could this be the direction they're going in.
Didn't we all think the same and then it turned out the player registrations were actually with another company? The timing of some of the changes with who owns what just seems a bit coincidental to me, if I was a bondholder I'd be very worried that something was being lined up.The Rugby squad is embedded within Wasps Holdings which is a guarantor to the Loan
But why would they need to?Haven't a clue, could they raise more finance that way ?
Didn't we all think the same and then it turned out the player registrations were actually with another company? The timing of some of the changes with who owns what just seems a bit coincidental to me, if I was a bondholder I'd be very worried that something was being lined up.
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