At least they won’t have to do any basic maintenance as they didn’t seem to be able to do that at the cbs but could manage to build costly porches.
I assume Richardson - the Canmago Ltd is potentially the P Share value as the bond holders believe he has a charge on tbe asset
It's quite ironic that they owe EY and Interpath significant fees, companies they probably brought in to advise on financial restructuring
What was the amount to the council back in the day? Was it £14m? From memory it wasn't that far from £16m?
Yes I think that’s what the bond holders believe is security on P Share so it gets the money if the RFU buy it back - Richardson owns that as a separate entity
Despite the training ground being under different ownership you'd suspect there is a lot of debt relating to its general operation here - how they've got the nerve to carry on is beyond me (though i guess that's company law for you)
Yes the £14 m loan was rolled into the £35 m bond. Richardson got £10m back but then had to loan it back again due to continued losses
Yeah, my thinking was if they didn't actually pay that back...
Could be Derek Richardson...?
Otium owed £155 quid.
£106k to Worldpay too.
www.wasps.co.uk
They are owed £286k....
How do they pay for stuff for the training ground for another company? Isn't that illegal for Richardson and Holland (at that time) to have the asset but use Wasps Holdings to pay for it all?
Wasps appoint Wigley Group to create new High Performance centre
www.wasps.co.uk
They are owed £286k....
How do they pay for stuff for the training ground for another company? Isn't that illegal for Richardson and Holland (at that time) to have the asset but use Wasps Holdings to pay for it all?
It is company law but you do have to question how directors could operate in the clear knowledge they were getting services and goods with zero ability to ever pay.
Especially if it was for something in a completely separate company?
How can they rack up debts for stuff with the training ground but then it all just gets wiped while Holland owns both? I'd be bulldozing the c**t down.
One of the biggest apologist arguments when Wasps got the stadium was that SISU 'deserved it'. It was said with a pompous tone and used as an excuse for years to justify the tolerance, acceptance, and even cheek to go to Wasps matches without question.
No one can possibly say any longer that SISU conduct business worse than Wasps (quite an impressive achievement). They're an absolute disgrace.
No one can possibly say any longer that SISU conduct business worse than Wasps (quite an impressive achievement). They're an absolute disgrace.
Remember when CJ said he weren’t happy about that… didn’t seem to bother him shaking hands though.
scabs the lot of them
Remember when we made a Sky Blue Talk statement - and the trust refuted it and actively worked against us…
said we were lying, wrong and not helping - have the trust died off yet?
said we were lying, wrong and not helping - have the trust died off yet?
They are dead silent then every 6 months ago some no mark announces they are on the board, get challenged by a load of people, appear to have fuck all knowledge of the past then disappear.
