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The bondholders are definitely getting twitchy, can't say that I blame them. The trustee (who is supposed to act on their behalf) doesn't seem to be particularly proactive. I think that at least a few of them are getting organised for themselves now to push things along, they clearly don't...

I think it depends how bullish they're feeling and whether they think Wasps will ever be in a position to fully redeem the bonds (or pay an even higher level of ongoing interest going forward). Ultimately, the bondholders have got security via the stadium and the p-shares (iirc on the latter)...

So that's 20m split across 13 clubs, if I've read it right, with the level depending upon how many players from each club play for England. I'm not sure that this will get Wasps out of the hole they're in. A real pity, I know. 🙂

The bond money did pay it back - but the problem now is that they can't repay the bond. So in essence they're asking to borrow the 13m again, so that they can repay the bond! It's madness.

And the last one (promise). This time the 13m can't even be secured against the stadium, the bond holders now have the first charge against that. We (the public) are being asked to lend money to a business that has never turned a profit, that has already been bailed out twice, and that has the...

So to summarise, since the stadium opened, ACL (now 100% owned by Wasps) have never managed to fully pay down that initial loan. They had a public bailout in 2013, then a bond issue to repay it in 2015, and now in 2022, they're back to asking for public money. It's absolute madness. The...

There's a key bit in that article that I'd missed before. The £13m that they're now begging the Council/WMCA for, is in effect the bailout that the Council gave ACL in 2013 (that they voted for in secret, as you'll recall). So what Wasps are actually asking for is that the Council are put back...

The only thing to like about Kevin Maton is that his name scans perfectly into the, "...what a wanker", chant. Maybe we can get it going at the next home game... :)

That they'd even still be considering bailing out a failing sports franchise whilst actively reducing support to those who need it most, is ridiculous. https://www.coventrytelegraph.net/news/coventry-news/council-defends-summer-holiday-food-24713496 Coventry City Council is not fit for...

And you don't get bidders by selling in secret, do you?

It most certainly wasn't public knowledge that the Ricoh was for sale. In fact the complete opposite. The council did the deal with Wasps in complete secrecy whilst actually saying in public that they wanted to "build trust with CCFC before discussing ownership". What you're saying here is...

Unless you are only living in your house every other Saturday, then it's nothing like it. The CBS and the pitch belong to Wasps, it's their responsibility. They chose to take the money for the Commonwealth games and the earlier gig, do you seriously believe that we had some sort of veto power...

Why would we have had a say on it, it's not our ground. Whether we could see it coming out not, there's not a great deal at could do about it. Wasps needed the money, our needs are entirely secondary to that. That's why we need them gone, and soon.

How do you know they've been used 'safely'. Just because no one died at the time doesn't mean their health hasn't been damaged or could have been. Strangely enough there haven't been many large scale studies on the effect of inhaling smoke from smoke bombs because generally speaking no one...

I don't think there's any doubt SISU would sell if the price is right, and I also don't doubt that Wasps are in a pretty tight spot that might end up with them having to sell the stadium lease. There's also not much dispute about the council and SISU not trusting each other. So I guess there's...

They can't be used safely, that's the point. The smoke is either unpleasant and dangerous to breathe, or the marine flares are an actual fire hazard (they're designed to burn at very high temperatures). The way to make it go away is the same as anything else unacceptable or dangerous, educate...

Since when has being able to let a pyro off been a required part of supporting a football team? Standing, I get, singing, even with rude words, fair enough, but what do flares add to the game that means they need to become a protected item? It's bollocks I'm afraid, if we can't generate an...

Please don't take away my fantasies, mate. At my age it's all I've got left. 😁

The last question is easy enough to answer; no one who supported or voted for brexit is going to concede (yet) that it was a terrible decision. On that basis, all that's left is to find someone to blame for the fall-out. Having spent decades whilst in the EU blaming them for things that they...

Brexit always meant extra passport checks at the border. The Government (and Dover), knew about what would happen back in 2020. It was a conscious choice to do nothing about it. The government rejected additional funding for more passport control booths at Dover. Brexiteers like Truss are...