Search results

Moff..... for me that is a reasoned opinion and i agree with large parts of it. I don't think things are as rosy as they could be either. I also agree the biggest pressure is the wage bill and Wasps have a large one. They will have to look at their costs. There has been a tightening of the belt...

Sorry to be blunt but you are missing the point by hanging on to a falsehood..You are starting from the wrong premise. There never was an intention to repay the bonds from operating profit (which is the wrong term in any case) There is no way on gods earth that the business could generate £35m...

Seems to me that MR spoke well and honestly. No airs or graces but it is clear that he cares about what he is doing. Seemed relaxed and was himself Hopefully he gets the backing his commitment and professionalism deserve

Just a few thoughts and facts based on a brief bit of internet research. Not justifying Wasps or them being here. Just think some hard facts would be useful and not some of the claims being made here. We need to understand what is going on not guess and hope. We need to know or at least make...

Last accounts showed 57 players 159 managerial and other staff National insurance £1.15m Directors emoluments £904K other key senior staff £310 Highest paid director 407k The salary cap relates to playing staff and is the core amount not the total amount Wasps can utilise The wages also relate...

Thanks I am certainly on the mend. I think that after paying down the CCC Richardson and close brothers loan and providing £4..5m for interest that left around 6m in cash flow and they then spent that on the hotel and atrium revamp. Wages are the biggest drain as with many sports teams. Runs...

Is it ever increasing finance? Has the finance requirement levelled out and been fully drawn down both bond and other sources? We don't know yet. Refinance on a repayment loan and assuming the cash flow is available then it is decreasing finance. Only time will tell. Yes there could be trouble...

There is no evidence of imminent disaster. Even the 6 months accounts to December though showing a £1.2m loss show an improvement and the EBITDA to finance cost is close to being achieved. To my mind presently the biggest risk to wasps is achieving the EBITDA Will they succeed in the long term...

Thanks all :)

Not sure people are getting what is going on with the wasps bonds and the refinancing to come. The purpose has been to buy time to enable growth in asset value. It doesn't mean in 4 years time sticking to more of the same, although that is an option. A possible scenario in 4 years time could...

Thanks for the well wishes. The NHS staff doctors nurses etc have been brilliant and I am very grateful. Onwards and upwards

Have been reading some of the claims about the current Wasps finances. Gave me something to do whilst recovering from a serious health scare at the end of October. Medics are happy with progress so all good. Thought i would examine some of the issues and claims made as fact. Sorry but it isn't...

what I don't understand is why skybluesam the mascot isn't involved ................ very recognisable and surely trusted?

well yes of course ............ I look it and say who?, really? ............. must be just me then

well you have the picture to prove your gambling credentials

you see I think he probably does

This just gets more surreal by the minute but I have to ask.............. what is the background to the mad hatters that make them good to be involved in a multi million pound deal other than they go to all the matches & wear those hats and scarfs to make them recognisable? First people you...

so the first part of his online betting user name is daleevans then ...................

That's all fine but they had to spend that in the first place with no guarantee of being able to pay off later. So you have to fund first .........................

he has confirmed he intends joining forces with Hoffmans consortium though which includes 6 or 7 investors and the Trust