Search results

There are some serious US companies looking at rugby union as a franchise opportunity . They will try anything as they have the backing for a gamble

https://www.telegraph.co.uk/rugby-union/2022/09/27/worcester-warriors-jim-otoole-says-consortium-can-pay-175m-save/ https://olympics.nbcsports.com/2022/05/12/rugby-world-cup-usa/

https://www.ruck.co.uk/the-top-5-most-expensive-rugby-transfers-of-all-time/

Are we getting a CCC Ricoh Part 2 helping hand for WASPS?

Unless overseas investor

A Receiver can put a Company into a CVA

More likely to be squeezing CCC into getting help with the threat of Receivership

Plus Compass and DCMS loans

One advantage of a CVA is it does not require a report on the Directors and their performance as does a liquidation

You can pay rent under a sub lease Also the headlease is CCC to ACL I think it has been mentioned WASPs Holdings has a lease with ACL .

It is possible to get an extension to the 10 days if evidence shows funds are immediately forthcoming after the Have HMRC actually petitioned? If not why would WASPs publicise it? This is an active decision not wholly linked to HMRC

Remember the Trustee and the Trust Deed he acts on were created by WASPs The Bondholders urgently need to vote to order the Trustee to appoint a Receiver to act for them. Otherwise they could end up with WASPs appointment

It never was a WASPs Group Asset

No mention of impending action from Bond Holders?

Edit For Coventry Council and Councillors

But Arena Coventry and 2006 not in Admin? The bondholders need to call the debt on WASPs Finance who need to call the debt from ACL. Call their own Receiver

https://www.coventrytelegraph.net/sport/rugby/wasps-v-bristol-bears-live-25033204

5 Rugby clubs rumoured to be up for sale - one for free!

To many buts , if's and maybe's there I would have thought better off getting a guaranteed rent and exposure from CCFC

"The complexity is that the rugby club is wrapped into the business; so what is - and can be - reported is not necessarily the big picture." This might be clue - or total red herring! The "rugby club" is part of Wasps Holdings - it is not a separate entity. May be the plan is divest of the...