Wasps downward spiral... (16 Viewers)

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fernandopartridge

fernandopartridge

Well-Known Member
There is something ironic about the traditionally north west London based Wasps blocking an actual north west London club in Ealing from being promoted to the Rugby Premiership
 
B

Brighton Sky Blue

Well-Known Member
I haven’t been banned in the years I’ve intermittently used it but the site is so clunky it freezes up when I try to post.
 
Grendel

Grendel

Well-Known Member
fernandopartridge said:
There is something ironic about the traditionally north west London based Wasps blocking an actual north west London club in Ealing from being promoted to the Rugby Premiership
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It’s all ok Shugs explains fans should accept the move as it’s the only way they can be self sufficient and sustainable
 
H

HuckerbyDublinWhelan

Well-Known Member
Grendel said:
It’s all ok Shugs explains fans should accept the move as it’s the only way they can be self sufficient and sustainable
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Shugs is definitely a new wasps fan - he’s dismayed at the lack of travelling wasps fans… he’s the type who will be raging if they ever went back to London
 
Gynnsthetonic

Gynnsthetonic

Well-Known Member
No Wasps parking available for sale either just some other Rugby event in October, is there any significance to this. Its Australia v Scotland Rugby league World Cup match
 
Skybluemichael

Skybluemichael

Well-Known Member
If he’s got £6.6m portfolio you you have thought he would have commented on more then just the wasps bond in the past two years
 
Gynnsthetonic

Gynnsthetonic

Well-Known Member
Are the 6.5% interest payments paid monthly or 6 monthly and where is it actually being paid from, also what is stopping Wasps from postponing these payments and what could bondholders do if they did, probably nothing, this could be the next step from Eastwood and co
 
M

MalcSB

Well-Known Member
The interest payments are paid 6 monthly. The first three years total interest payments (£2,750,000) were paid out of the £35 million raised from the bond. Presumably the interest now contributes to the annual losses wasps are making. Their plan to be the richest rugby club in Europe following the acquisition of the stadium has gone a tad awry.
 
Grendel

Grendel

Well-Known Member
Gynnsthetonic said:
Are the 6.5% interest payments paid monthly or 6 monthly and where is it actually being paid from, also what is stopping Wasps from postponing these payments and what could bondholders do if they did, probably nothing, this could be the next step from Eastwood and co
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it will be a revised term set out and the bond holders will vote on it or default
 
C

CCFC54321

Well-Known Member
MalcSB said:
The interest payments are paid 6 monthly. The first three years total interest payments (£2,750,000) were paid out of the £35 million raised from the bond. Presumably the interest now contributes to the annual losses wasps are making. Their plan to be the richest rugby club in Europe following the acquisition of the stadium has gone a tad awry.
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But the baffoons at London wasps will swear the project is to plan and this amount of losses was projected for!!!
 
chiefdave

chiefdave

Well-Known Member
What odds that one of them confuses the CBS half year results released this morning with he CBS Arena and starts banging on about how everything is fantastic. Either that or they'll try and claim its somehow linked to sponsoring the stadium :ROFLMAO:
 
David O'Day

David O'Day

Well-Known Member
chiefdave said:
What odds that one of them confuses the CBS half year results released this morning with he CBS Arena and starts banging on about how everything is fantastic. Either that or they'll try and claim its somehow linked to sponsoring the stadium :ROFLMAO:
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Shugs will be all over that
 
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