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  1. O

    Wasps going into admin & the impact on CCFC

    Careful - thats not what I said The bondholders agreed to the Trustee document or more likely did not read it
  2. O

    Wasps going into admin & the impact on CCFC

    At any price? Bonkers
  3. O

    Wasps going into admin & the impact on CCFC

    Who appointed the Trustee? Why did 2 amendments to correct WASPs defaults go through quickly while the Bondholders demands taking 6 months
  4. O

    Wasps going into admin & the impact on CCFC

    Should be an interesting conversation- while it lasted!
  5. O

    Wasps going into admin & the impact on CCFC

    Nope! It's a question of solvency He can receive offers and one suits his purse he can set up a pre pack. However pre packs can be broken
  6. O

    Wasps going into admin & the impact on CCFC

    https://m.thegazette.co.uk/notice/4189147
  7. O

    Wasps going into admin & the impact on CCFC

    I am told the Hilton connection at NEC has a history but your answer is the current state The Chinese own 25% of Hilton At one point in history the Chinese also had a 10% stake in Blackstone but sold out
  8. O

    Wasps going into admin & the impact on CCFC

    Owned by Hilton Which is part owned by Blackstone - American They sold a stake to the Chinese
  9. O

    Wasps going into admin & the impact on CCFC

    Pissed off WASP and Sunderland fans?
  10. O

    Wasps going into admin & the impact on CCFC

    Why?
  11. O

    Wasps going into admin & the impact on CCFC

    They could stop paying ACL debts?
  12. O

    Wasps going into admin & the impact on CCFC

    The ticket money is still with Ticketmaster
  13. O

    Wasps going into admin & the impact on CCFC

    I hope someone looks into how that was funded
  14. O

    Wasps going into admin & the impact on CCFC

    CCFC sent funds to WASPS for them to pay contractor to be totally accurate
  15. O

    Wasps going into admin & the impact on CCFC

    He can "tell them" anything - remember the Bondholders are advised by the WASPS appointed Trustee. I do not know how far his authority extends to accepting a debt reduction
  16. O

    Wasps going into admin & the impact on CCFC

    I read it that they are only referring to the "Rugby Club" reforming
  17. O

    Wasps going into admin & the impact on CCFC

    If it goes to Liquidation the Bondholders control the Asset. The Trustee then acts for them ( whoever "them" might be ) Not sure of the process then if he agrees to sell at a figure below the debt amount?
  18. O

    Wasps going into admin & the impact on CCFC

    OSB RFU Regulation 5 refers to the "Rugby Club" creditors - would there be many?
  19. O

    Wasps going into admin & the impact on CCFC

    It could depend on who the Majority Bondholders are ?
  20. O

    Wasps going into admin & the impact on CCFC

    He acted quickly enough to correct defaults in the Bond Covenants by WASPS. Found the 25% and passed the vote with no difficulty ( just saying !! )
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