Wasps current finances & hope (1 Viewer)

HuckerbyDublinWhelan

Well-Known Member
So looking from a position of no knowledge - is this the point the game of chicken begins?

surely they urgently need a sponsor for the Ricoh to bring the value back up. If they haven’t got one in two years then it’s obviously we’re a bigger deal than they thought
 

pusbccfc

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Drunken Wasps thread is an absolute joy to read.
 

Terry Gibson's perm

Well-Known Member
So looking from a position of no knowledge - is this the point the game of chicken begins?

surely they urgently need a sponsor for the Ricoh to bring the value back up. If they haven’t got one in two years then it’s obviously we’re a bigger deal than they thought


The value of these stadium naming things is not what is was and the second one won’t be very palatable for any decent companies and there is a lot of work to be done, take down sign, paint over sign on roof, change all the brown signs in the local area.
 

djbooth

Well-Known Member
It looks there is a financial crisis on the horizon. I wonder how will it effect the wasps.? Could this be the thing that sends them in the abyss??
Bond prices seem to be dropping??!
 

Warwickhunt

Well-Known Member
It looks there is a financial crisis on the horizon. I wonder how will it effect the wasps.? Could this be the thing that sends them in the abyss??
Bond prices seem to be dropping??!
Falling off a cliff if you ask me! Pension took a beating over the last week!
 

chiefdave

Well-Known Member
It looks there is a financial crisis on the horizon. I wonder how will it effect the wasps.? Could this be the thing that sends them in the abyss??
Said that before when people say they'll just refinance the debt. With Brexit who knows what the financial situation will be and how easy it will be to refinance.

And of course the initial bond was based on predictions will little trading history, now there will be years of losses in the books. `Even if it just makes the refinancing more expensive its an issue
 

fernandopartridge

Well-Known Member
Said that before when people say they'll just refinance the debt. With Brexit who knows what the financial situation will be and how easy it will be to refinance.

And of course the initial bond was based on predictions will little trading history, now there will be years of losses in the books. `Even if it just makes the refinancing more expensive its an issue

The only thing they've got in their favour re-financing the debt is that you might get bondholders who are willing to in effect buy the bonds back from themselves in order to continue receiving an interest payment (if that's legal?).
 

SBAndy

Well-Known Member
Said that before when people say they'll just refinance the debt. With Brexit who knows what the financial situation will be and how easy it will be to refinance.

And of course the initial bond was based on predictions will little trading history, now there will be years of losses in the books. `Even if it just makes the refinancing more expensive its an issue

Refinancing debt that’s already on 6.5% when their financial performance is absolute toilet. Good luck to them.
 

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