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  1. O

    Wasps going into admin & the impact on CCFC

    Unless the Bond Holders act quickly - WASPS and ACL could go into Admin and the IP could propose a CVA So do not get too excited!
  2. O

    Wasps going into admin & the impact on CCFC

    None of the Companies are in Administration
  3. O

    Wasps going into admin & the impact on CCFC

    "Business days " excludes weekends and bank holidays https://www.rollits.com/news/articles/the-10-day-notice-of-appointment-moratorium-when-does-the-bell-toll/
  4. O

    Wasps going into admin & the impact on CCFC

    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
  5. O

    Wasps going into admin & the impact on CCFC

    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/
  6. O

    Wasps going into admin & the impact on CCFC

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

    Update from Jordan

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

    Wasps downward spiral...

    Unless overseas investor
  9. O

    Wasps going into admin & the impact on CCFC

    A Receiver can put a Company into a CVA
  10. O

    Wasps going into admin & the impact on CCFC

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

    Wasps going into admin & the impact on CCFC

    Plus Compass and DCMS loans
  12. O

    Wasps going into admin & the impact on CCFC

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

    Wasps going into admin & the impact on CCFC

    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 .
  14. O

    Wasps going into admin & the impact on CCFC

    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
  15. O

    Wasps going into admin & the impact on CCFC

    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
  16. O

    Wasps going into admin & the impact on CCFC

    It never was a WASPs Group Asset
  17. O

    Wasps going into admin & the impact on CCFC

    No mention of impending action from Bond Holders?
  18. O

    Wasps going into admin & the impact on CCFC

    Edit For Coventry Council and Councillors
  19. O

    Wasps going into admin & the impact on CCFC

    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
  20. O

    Wasps downward spiral...

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